Robinson Weeks Launches Third Spec Industrial Project in Memphis
Robinson Weeks Partners has begun construction on a speculative distribution facility in Memphis, TN. The 234,360-square-foot single-load development, Southridge Crossing, is Robinson Week’s third project in the Memphis area and set for completion completed by the end of 2022.
“In distribution hubs like Memphis there is a massive need for speculative industrial space,” said Matt Davis of Robinson Weeks Partners. “With a current vacancy rate of 4.8 percent, the Memphis submarket has a tight supply-demand imbalance with limited speculative options available for large-scale distribution hubs.”
Southridge Crossing offers auto and trailer parking, finished office space, warehouse lights, 42 dock doors and two drive-in doors.
The facility is in close proximity to I-55, I-69 and I-40, as well as the Memphis International Airport, which is the world’s busiest freight airport. Memphis is also home to five Class 1 railways. The city’s transportation options reach 70% of the US population within a two-day drive.
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.