Partnership Acquires 16-Building Shelby Oaks Industrial Park in Memphis
Blue Vista Capital Management — in partnership with Westmount Realty Capital, LLC — has acquired Shelby Oaks Industrial Park, a 480,911-square-foot portfolio of light industrial and flex properties located in the Northeast industrial submarket of Memphis, TN.
Blue Vista acquired a majority interest in the property on behalf of its 2018-vintage value-add middle market real estate fund, Blue Vista Real Estate Partners V.
Shelby Oaks Industrial Park is a 50-acre property consisting of 16 buildings situated directly off the I-240/I-40 interchange and within driving distance of downtown Memphis and the Memphis International Airport.
The property offers a mix of distribution, warehouse and flex assets carrying varying levels of office and showroom space and ranging in size from 12,000 to 90,000 square feet. The property features 76 dock high doors, 90 grade level doors and clear heights ranging from 14 to 22 feet.
At the time of purchase, the property was more than 95% leased to 78 tenants.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!