REBusinessOnline

DAIMLER LEASES 300,000 SQUARE FEET IN MEMPHIS WAREHOUSE

MEMPHIS, TENN. — Portland, Ore.-based Daimler Trucks North America has leased 300,000 square feet at the Delp Distribution Center from ProLogis.

Daimler, a company that manufactures and sells heavy-duty trucks and other commercial vehicles, will use the space as a distribution facility. Christian Ramsey of NAI Saig Co. in Memphis represented Daimler, and Ryan George served as ProLogis’ in-house broker. Andy Cates of Memphis-based Colliers Wilkinson Snowden provided further assistance to ProLogis. Details of the lease were not disclosed, but the lease is classified as a long-term commitment.

Mo Sheahan of ProLogis says the deal is a boost to the area. In total, his company leases more than 9.2 million square feet of industrial distribution space in the Memphis metropolitan area. “The Memphis industrial market supports a variety of businesses looking for cost-effective options for distribution space. In addition, many third-party logistics companies are established in Memphis, giving companies many options to outsource their logistics needs,” Sheahan says. ProLogis has an extended business relationship with Daimler and has leased more than 800,000 square feet to the company in locations across the United States and Europe.

ProLogis owns six buildings totaling 919,000 square feet in the park, which is located on Delp Street near the intersection of Lamar Avenue and Shelby Drive in Memphis. The park is less than 1 mile from the Memphis International Airport and has the ability to support rail services. FedEx, Detail Distribution, IAP West and Donovan Marine also have space in the center.

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