Situated in the 266-acre Legacy Park, pair of buildings mark the first acquisitions within the firm’s acquisition fund
Robinson Weeks Partners, a leading industrial real estate development and investment firm headquartered in Atlanta, announced the acquisition of Legacy Park 7 and 8 in Olive Branch, Mississippi. The two new construction buildings, which encompass 831,974 square feet of industrial space, are 100% leased to two tenants. The acquisition represents the first investment under Robinson Weeks Industrial Acquisition Fund, and is the latest investment by Robinson Weeks in the Memphis MSA. Recent investments include the development of Southridge Crossing, Memphis Global Crossing I and Memphis Global Crossing II.
“We are excited to launch our acquisition fund with the purchase of Legacy Park 7 and 8 at favorable valuations to replacement cost,” said Tyler Jones, senior vice president of acquisition and development at Robinson Weeks. “These are high-quality Class A buildings with strong tenancy that align with our investment strategy for the fund, and we look forward to identifying additional acquisition opportunities across the Sunbelt region in 2025.”
Cushman & Wakefield’s Stewart Calhoun and Casey Masters were the selling brokers on the deal.
Spanning 448,942 square feet across 28 acres, Legacy Park 7 is fully leased. Featuring 36’ clear height, cross-dock loading and more than 400 trailer and auto parking spaces combined, the facility operates as an e-commerce fulfillment and distribution center. It is located at 11363 Progress Way.
Legacy Park 8 is a 383,032 square foot facility that is fully leased. Located at 11384 Progress Way, the warehouse offers 32’ clear height, rear loading and nearly 300 trailer and auto parking spaces.
The properties have exceptional access to Memphis’ major transportation thoroughfares, including interstates I-55 and I-40 providing quick interstate transport. They are in close proximity to the Memphis International Airport, which is the second busiest cargo airport globally, the Fedex SuperHub, and the BNSF Intermodal Rail Yard.
“Memphis is one of our target markets due to its strategic location and strong supply and demand fundamentals,” said David Welch, president and CEO at Robinson Weeks. “This strategic acquisition positions Robinson Weeks Partners for long-term success in one of the country’s most crucial logistics hubs with strong growth projections.”
About Robinson Weeks
Robinson Weeks Partners is an industrial real estate development and investment firm. Privately held, it sponsors real estate funds and structures joint ventures to develop speculative industrial buildings, multi-phased projects and customized built-to-suits across the Southeastern United States and Texas, including Atlanta, Dallas, San Antonio, Charleston, Charlotte, Savannah, Memphis and Central Florida. The senior management team averages over 30 years of individual experience in the industrial real estate sector. They have developed or acquired more than 100 million square feet representing $5 billion of industrial properties across the United States since 1979. For more information, visit robinsonweeks.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
