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Group RMC Acquires Four-Building Memphis Office Portfolio

An affiliate of New York-based Group RMC has acquired a four-building office portfolio in Memphis.

The four buildings total 391,297 square feet of office space and are located inside Lenox Park, a seven-building office park. The portfolio is currently 86% leased to a tenant roster that includes Varsity Brands, IMC Companies, Unified Health Systems, Trinity Meyer Utility Structures, W.M. Barr & Co., American Car Center, Benefit Recovery Group, and Pickering.

Johnny Lamberson, Terry Radford, Justin Parsonnet, and Will Yowell of CBRE represented the seller, HighBrook Investors, in the transaction. Highbrook purchased the portfolio in 2012. A team from CBRE has been assigned the office leasing and property management services for the portfolio.

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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.

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