CoreOne Industrial LLC buys 8901 First Industrial Drive, Southaven, MS
Announcement – 11/07/2023
Darien, CT – An affiliate of CoreOne Industrial LLC (CoreOne), an industrial real estate investment company headquartered in Darien, CT, has acquired 8901 First Industrial Drive, Southaven, MS. The purchase consisted of a 42,050 SF warehouse situated on 3.5 acres, currently occupied by Therm-All and Encore Steel Building Company. The property was sold by local brokers, Hunter Adams and Preston Thomas of Colliers.
“Colliers Memphis is thrilled to assist in the sale and purchase of one of the best Industrial/Flex assets in Desoto County Mississippi. Over the last 15 years, 8901 First Industrial has been an ideal property for the seller to grow their business. More recently, as an investment, it has performed remarkably well,” says Hunter Adams, a Vice President at Colliers. “Under the new ownership of CoreOne Industrial, this property promises to continue providing an unmatched place to do business and solid returns for the owners. We welcome CoreOne to the Memphis market and believe they will be just the kind of investor this area deserves. Congratulations to both parties on a great transaction.”
Joe Burton, President of CoreOne Industrial, says, “This acquisition isn’t just about owning a property; it’s about planting our flag in a growing region. We’re excited to be part of the Memphis industrial market, which boasts a strategic location, excellent transportation access, and a strong infrastructure for logistics.” Joe continues, “Our team’s strength lies in identifying high-value assets and this acquisition represents a commitment to that process.”
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