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Colliers Wilkinson & Snowden has landed the management and leasing assignment for the 1 million-square-foot Shelby Air Park.
The park, which is located in the Southeast submarket, consists of six buildings located at the intersection of Shelby Drive and Malone Road. The portfolio is owned by Bostonbased private equity investment firm TA Associates Realty, Inc., and was previously managed and leased by Trammell Crow Co.
The new contract brings Colliers Wilkinson & Snowden's industrial leasing and management inventory in Memphis to about 6.7 million square feet, says Joe Steffner, a broker with the real estate company
Other property on the Colliers account includes East Group Properties' portfolio in Airport Industrial Park, Memphis International Air Center (MIAC), DeSoto Trade Center and Olive Branch Distribution Center.
"TA is the most exciting new account we can imagine representing in this market at this time," Steffner says. "TA Associates buys properties for their own account as well as for institutional investors and, as such, is one of the most aggressive industrial buyers in the city, and actually, in the country."
He says the owners of...