DALLAS – Hillwood, a Perot Company, announced today that it has leased Building 3 at Hacks Cross Logistics Center to Autoliv, the world’s largest automotive safety supplier. Totaling 157,366 square feet, the Class A distribution facility is located in Olive Branch, Miss., a prominent Memphis submarket.
The building is currently under construction and is located on a 9-acre site off Hacks Cross Road, offering tenants easy access to major distribution routes and suppliers via SH-385, I-240 and US-78.
“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. Our current portfolio in the Memphis market totals 2.5 million square feet and is continuing to grow,” said Kurt Nelson, Hillwood’s senior vice president and market leader. “We look forward to working with Autoliv and expanding our activity here in the Memphis market.”
The state-of-the-art facility will feature an ESFR sprinkler system, 32’ clear height, and a front load configuration. There will be 23 dock doors and ample auto and trailer parking.
In addition to Building 3, a 204,570-square-foot facility (Building 2) is also under construction at Hacks Cross Logistics Center. Both buildings are expected to be complete in the first quarter of 2017.
Andy Cates and Tim Mashburn of Colliers International represented Hillwood in the transaction. The tenant was represented by Brian Kelly and Gary Bender with Corporate Realty Advisors, along with CBRE’s Jim Mercer.
Hillwood, a Perot company, is an entrepreneurial developer, investor and advisor of industrial real estate focused on customer solutions, innovative investment opportunities and creating value and lasting contributions for our stakeholders. Serving 23 markets today in North America and Europe, Hillwood is actively involved in development, acquisitions, construction, leasing, property management and fund/asset management of more than 102 million square feet of high quality, well located, flexible and functional industrial properties. Moreover, the company is also a capital provider to other development companies through a partnership and other venture arrangements. For additional information, visit www.hillwood.com.