Robinson Weeks Partners acquired Legacy Park 7 and 8 in Olive Branch, Mississippi, in the Memphis, Tennessee MSA.
The two new-construction buildings, which encompass 831,974 square feet of industrial space, are 100% leased to two tenants. The acquisition represents the first investment under Robinson Weeks Industrial Acquisition Fund, and is the latest investment by Robinson Weeks in the Memphis MSA.
Recent investments include the development of Southridge Crossing, Memphis Global Crossing I and Memphis Global Crossing II.
Cushman & Wakefield’s Stewart Calhoun and Casey Masters were the selling brokers on the deal.
Spanning 448,942 square feet across 28 acres, Legacy Park 7 is fully leased. Featuring 36’ clear height, cross-dock loading and more than 400 trailer and auto parking spaces combined, the facility operates as an e-commerce fulfillment and distribution center. It is located at 11363 Progress Way.
Legacy Park 8 is a 383,032 square foot facility that is fully leased. Located at 11384 Progress Way, the warehouse offers 32’ clear height, rear loading and nearly 300 trailer and auto parking spaces.
The properties have exceptional access to Memphis’ major transportation thoroughfares, including interstates I-55 and I-40 providing quick interstate transport. They are in close proximity to the Memphis International Airport, which is the second busiest cargo airport globally, the Fedex SuperHub, and the BNSF Intermodal Rail Yard.
