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MEMPHIS, TENN., AND GASTONIA, N.C. — Calif.-based Crown Realty has separately acquired single-tenant occupied warehouse facilities located in Tennessee and North Carolina for a total of $30 million. The Meritex Logistics Distribution Center, a 646,160-square-foot warehouse/industrial space, is located at 4836 Hickory Hill Rd., in Memphis. Johnny Lamberson and Frank Quinn of CB Richard Ellis brokered the deal.
The Wix Master Distribution Center, a 541,609-square-foot warehouse/storage facility, is situated on 37 acres at 1551 Mount Olive Church Rd., in Gastonia. Jeffrey Shell and John Ecclestone of Cushman & Wakefield’s Michigan office brokered the sale.