Pacer Partners, Drake Acquire Two Warehouses in Memphis

by John Nelson

MEMPHIS, TENN. — A joint venture between Pacer Partners and Drake Real Estate Partners has purchased Southpark Buildings D and E in Memphis. The two adjacent buildings are located at 4540 and 4600 Pleasant Hill Road and span 566,281 square feet of Class A industrial space. The buildings are fully leased to iQor Global Services LLC, a private outsourcing services company with 32,000 employees and operations in 18 countries. Pacer Partners and Drake purchased the assets from Transpacific Development Co. for an undisclosed price.

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