Robinson Weeks Partners (RWP), an Atlanta-based industrial real estate development and investment firm, has sold Southridge Crossing, a state-of-the-art 234,360-square-foot project in Memphis, Tenn. to Pattillo Industrial Real Estate.
Completed in May, RWP secured a full building lease to a high-quality tenant while the facility was under construction. Leasing interest was strong from the project’s inception, a testament to its strategic location, building specifications and high quality.
“The success of Southridge Crossing reaffirms our belief in the Memphis market,” said RWP CEO David Welch. “It is a top 10 industrial real estate market because it is strategically positioned as a logistics hub with a tremendous transportation network. We are excited about our continued presence and long-term commitment to this market.”
Southridge Crossing is RWP’s third industrial development in Memphis since entering the market in 2018, following the successes of Memphis Global Crossing 1 and Memphis Global Crossing 2. With each project, RWP has delivered exceptional logistics spaces to meet the evolving needs of today’s tenants.
A third generation developer and the largest privately-held industrial development operation based in the Southeast, Pattillo develops, owns and manages Class A industrial properties in Georgia, Florida, South Carolina, Tennessee and Kentucky. The acquisition extends its presence in the Memphis market, where it currently has four development-ready land sites in nearby Distriplex Farms.
“We are pleased and excited to add Southridge Crossing to our portfolio of valued assets under management, in addition to gaining a valued customer to our deep and valued tenant base,” said Benjamin W. Stafford, Vice President – New Investments with Pattillo. “RWP delivered an excellent building in a strong and strategic location that will allow our customers to take advantage of the many attractive features of the Memphis industrial market.”
The sale was…
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