Robinson Weeks Partners (RWP), an Atlanta-based industrial real estate development and investment firm, has sold Southridge Crossing, a state-of-the-art 234,360-square-foot project in Memphis, Tenn. to Pattillo Industrial Real Estate. 

Completed in May, RWP secured a full building lease to a high-quality tenant while the facility was under construction. Leasing interest was strong from the project's inception, a testament to its strategic location, building specifications and high quality.

"The success of Southridge Crossing reaffirms our belief in the Memphis market," said RWP CEO David Welch. "It is a top 10 industrial real estate market because it is strategically positioned as a logistics hub with a tremendous transportation network. We are excited about our continued presence and long-term commitment to this market."

Southridge Crossing is RWP's third industrial development in Memphis since entering the market in 2018, following the successes of Memphis Global Crossing 1 and Memphis Global Crossing 2. With each project, RWP has delivered exceptional logistics spaces to meet the evolving needs of today’s tenants.

A third generation developer and the largest privately-held industrial development operation based in the Southeast, Pattillo develops, owns and manages Class A industrial properties in Georgia, Florida, South Carolina, Tennessee and Kentucky. The acquisition extends its presence in the Memphis market, where it currently has four development-ready land sites in nearby Distriplex Farms.  

"We are pleased and excited to add Southridge Crossing to our portfolio of valued assets under management, in addition to gaining a valued customer to our deep and valued tenant base," said  Benjamin W. Stafford, Vice President – New Investments with Pattillo. "RWP delivered an excellent building in a strong and strategic location that will allow our customers to take advantage of the many attractive features of the Memphis industrial market."

The sale was handled by Stewart Calhoun, Casey Masters and Ryan Bellows of Cushman & Wakefield. Leasing brokers Kemp Conrad and Owen Mercer with Cushman & Wakefield | Commercial Advisors represented RWP. ARCO served as the General Contractor.

"Memphis's industrial real estate market continues to have strong demand. Its status as Tennessee's second-largest city and its connectivity makes it an ideal destination for businesses looking to expand or establish their presence," said Matt Davis, Senior Vice President of Leasing and Development with RWP. "We are excited about the potential Memphis holds for our clients, and we look forward to contributing to its continued growth and success."