Panattoni Development Company, Inc. along with its partners William Adair and the William Adair Family Trust have signed a 677,160-square-foot lease with Post Consumer Brands in their recently completed speculative building at Panattoni’s Gateway Global Logistics Center (GGLC) in Marshall County, Mississippi, a submarket of the greater Memphis industrial market.
The new Post facility will distribute various Post Foods and Mom Brands products, and will employ more than 30 workers in Marshall County. Gary Bender of CRA Realty Advisors represented Post Holdings in the transaction, and Jim Mercer of CBRE Memphis represented Panattoni.
Alston Construction, Inc. is the general contractor, and Pickering Firm, Inc. is the architect. This was the first speculative building ever constructed in the Marshall County area.
With the signing of the Post lease, Panattoni has begun construction on Building Three at GGLC. The speculative building will be a 554,040-square-foot facility that is expandable to 975,190 square feet.
