Last Updated: February 10, 2012 ET

AREA Properties Buys Memphis Industrial Buildings for $24M

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MEMPHIS-AREA Properties Partners has acquired four industrial facilities totaling 834,708 square feet in Memphis for $23.6 million. The seller was Kansas City Life AREA Properties Partners Insurance Co.

The portfolio includes Memphis Distribution D located at 4100 Quest Way, Memphis International Airport Center situated at 3363 MIAC Cove, Southpark G situated at 4481 Pleasant Hill and Southpark H located at 4650 Quality Drive. Southeast Capital Markets Group at Cushman & Wakefield and Cushman & Wakefield Commercial Advisors represented the seller in the deal. For the full story, go to Memphis Business Journal .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Categories: Southeast, Sales, Acquisitions/Dispositions, Scope, Memphis

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