IDI Logistics has sold Stateline and Crossroads Logistics Package, two class A distribution centers totaling 589,598 square feet in the Memphis, Tenn., MSA.
JLL worked on behalf of the seller, while Sealy & Company acquired the asset.
The portfolio consists of two fully leased, state-of-the-art facilities: the 347,604-square-foot Stateline Building K at 1660 Stateline Road in Southaven, Miss., and the 241,994-square-foot Crossroads Building L at 12914 Stateline Road in Olive Branch, Miss.
Both buildings feature 32-foot clear heights, ESFR sprinkler systems, ample parking, and flexible layouts to accommodate single- or multi-tenant uses. Stateline K is leased to Motivational Fulfillment & Logistics Services, which services SharkNinja at the facility. Crossroads L is fully air-conditioned and leased to American Musical Supply, which is among the world’s largest suppliers of quality musical equipment.
Situated in two state-of-the-art industrial par