MAYFIELD ACQUIRES 4.2 MILLION-SQUARE-FOOT INDUSTRIAL PARK

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MEMPHIS, TENN. — Dallas-based Mayfield Properties has purchased the 4.2 million-square-foot The Memphis Depot Business Park in Memphis from the City of Memphis and Shelby County. The industrial park is currently 86 percent leased to 24 tenants including Cargill Cotton, Louis Dreyfus Corp. and UPS. Colliers International's Memphis office has been selected to lease and manage the property. Joel Fulmer of Boyle Investment Co.'s Memphis office and John Robinson of CB Richard Ellis' Austin, Texas, office represented the seller in the transaction.

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