Mapletree Investments announced that LifeScience Logistics signed a lease for the group’s 625,000-square-foot industrial facility at 5200 Tradeport Drive in South Memphis, Tennessee.
This lease marks LSL’s entry into Tennessee, as the company expands its existing commercial capabilities.
Situated within the Chickasaw Distribution Center — a master-planned business park at the corner of Holmes and Hickory Hill Roads — 5200 Tradeport Drive offers 605,510 sq ft of warehouse space and 19,490 sq ft of office space, including a 13,475-sq ft main office and 6,015 sq ft dedicated to shipping, receiving and satellite offices.
The property is strategically located near the signalized intersection of Tradeport Drive and Holmes Road, offering convenient access to Hwy 78/I-22, the BNSF Intermodal, the Memphis International Airport and other key logistics hubs.
LSL received a 10-year Fast Track PILOT from the Economic Development Growth Engine (EDGE) for Memphis & Shelby County to open its facility at 5200 Tradeport Drive. The project, which includes a $23.2 million capital investment, is expected to create 101 new jobs with estimated base wages of approximately $62 million annually over the next two years.
Kemp Conrad of Cushman & Wakefield | Commercial Advisors represented Mapletree in the transaction, while Brian Monaghan & Bob Robers of Cushman & Wakefield represented LSL.
