MEMPHIS-DRA Advisors LLC, functioning as G and I VIII Southpoint I and II LLC, has finalized the acquisition of two warehouses in the Southeast Memphis submarket as part of a larger portfolio sale. The company bought Southpoint I, a 326,000-square-foot facility at 4715 Shelby Dr., and Southpoint II, 244,940-square-foot building at 4655 Shelby Dr., from Weingarten Realty Services.
Southpoint I and II changed hands for $12.3 million. Houston-based Weingarten Realty Investors owned the facilities as WNI Tennessee LP. For the full story, go to Memphis Business Journal .
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