VOL. 131 | NO. 227 | Monday, November 14, 2016
Auto Safety Supplier Autoliv Moves Into Memphis
By Patrick Lantrip
Autoliv, the world’s largest auto safety supplier, has signed a lease to move into a 157,366-square-foot distribution facility in Olive Branch, Mississippi.
Hillwood Investment Properties announced the lease Monday, Nov. 14.
Autoliv plans to move into Building 3 at Hacks Cross Logistics Center, a 9-acre site that is currently under construction.
The site offers easy access to both Interstate 240 and U.S. 78 and will feature 23 dock doors, a 32-foot clear height and a front load configuration.
Hillwood is also in the process of constructing an additional 204,570-square-foot facility in the Hacks Cross Logistics Center.
Hillwood expects construction on both buildings to be complete by the first quarter of 2017.
“Our continued success in this market is a testament to the location, strong labor base and contributions by both the City of Olive Branch and DeSoto County,” Kurt Nelson, Hillwood’s senior vice president and market leader, said. “Our current portfolio in the Memphis market totals 2.5 million square feet and is continuing to grow.”
Hillwood is an industrial real estate developer, investor and adviser that operates out of 23 markets in North America and Europe.
Autoliv is a Swedish-American joint venture was founded in 1997 after the merger of Morton Automotive Safety Products and Autoliv AB. The company makes safety devices and systems for automobiles, from seat belts and air bags to electronic brake and vision sensors.