CBRE Global Investors acquires class A logistics facility in Memphis

A fund sponsored by CBRE Global Investors has acquired a 421,470-square-foot class A logistics property in Memphis, Tenn.

The facility is located at 6200 Global Drive in Memphis’s Southeast submarket and is majority leased by DHL.

The property, known as Memphis Global Crossing, sits on nearly 24 acres and was delivered in 2019. Features of the facility include 32’ clear height; 46’8” x 50’ column spacing with 60’ speed bays; 125 dock doors with two drive-in doors; 119 trailer parking spaces and 204 car parking spaces with three points of egress; and an ESFR fire protection system.

“Memphis is a key distribution hub, serving more major markets overnight than any other city in the United States,” said James Munsell of CBRE Global Investors. “Memphis Global Crossing is strategically located in the Southeast submarket, which affords users sought-after access to a multimodal transportation network that includes a leading world cargo hub, five separa