VOL. 128 | NO. 199 | Friday, October 11, 2013
Airport Center Signs Two New Tenants
By Amos Maki
Memphis International Airport Center in Southeast Memphis has recently experienced positive leasing activity.
Lansing Building Products, a major supplier of building products such as siding, windows, gutters, trims, railings, columns and stone, renewed its 24,524-square-foot lease at 3510 Winchester Road.
Lansing, shaking off the effects of the economic downturn, is in growth mode. The Richmond, Va.-based company recently announced it was acquiring Florida-based ASI Building Products, a transaction that is expected to close in November.
In addition to Lansing, Mid-South Express Delivery Inc. has signed a new lease at MIAC. Mid-South Express Delivery is leasing 12,920 square feet at 3644 Winchester Road.
Patrick Walton of Cushman & Wakefield/Commercial Advisors represented the landlord in both transactions, while Ed Larkin of Memphis Commercial and Industrial represented Lansing.
Cushman & Wakefield/Commercial Advisors was awarded the leasing duties at MIAC, a nine-building, 1.1 million-square-foot industrial portfolio, last year.
• In other leasing news, DeWell Logistics, a leading third-party logistics firm, has signed a new lease in Southeast Memphis.
DeWell is leasing 26,030 square feet at 4995 Outland Center Drive. The company, which has 40 offices and more than 1,000 staff members, has taken advantage of increasing Pacific trade, particularly between the U.S. and China, to grow its business.
Bobby Daush of CB Richard Ellis Memphis represented the tenant, and Brad Murchison of CBRE Memphis represented the landlord.
• Physiotherapy Associates Inc., a national provider of outpatient physical therapy and rehabilitation services, recently signed a new lease for 2,645 square fee at 2687 Poplar Ave.
Aaron Petree represented landlord Loeb Properties, while Adam Breecheen of Swearingen Realty Group represented the tenant.
• Aviall Inc. has inked a new lease for 16,160 square feet at 3937 Hickory Hill Road in Southeast Memphis.
Dallas-based Aviall, a subsidiary of Boeing, is one of the world's largest providers of new aviation parts and related aftermarket operations.
The company markets and distributes products for more than 235 manufacturers and offers around 2 million catalog items from 40 customer service centers in North America, Europe the and Asia-Pacific region.
Among Aviall’s services are maintenance for aviation batteries, wheels and brakes, hose assembly and paint mixing. The company also offers logistics services, including order processing, stocking and fulfillment and automated inventory management.
Bobby Daush of CBRE Memphis represented the tenant, and Brad Murchison of CBRE Memphis represented the landlord.