Atlanta & Southeast + Industrial | April 14, 2021

CBRE Secures 161K-SF Logistics Lease in Memphis

CBRE Global Investors has secured a 161,000-square-foot lease at Memphis Global Crossing, a 421,470-square-foot logistics facility in Memphis.

The tenant is Ubiquiti, a New York-based firm that develops high-performance networking technology for service providers, enterprises and consumers. Memphis Global Crossing is located off Route 78, a major east/west thoroughfare in Memphis connecting the property to the FedEx World Hub at the Memphis International Airport eight miles away as well as the intermodal yard of BNSF Railway, the largest intermodal railroad in the U.S. three miles away.

Features of the facility include 32-foot clear heights, 60-foot speed bays; 125 dock doors with two drive-in doors, 119 trailer parking spaces and 204 car parking spaces. Patrick Walton of CBRE represented CBRE Global Investors in the transaction, while the tenant was represented by Jacque Beeson, also from CBRE.

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CBRE’s Walton

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.