Aminim Group Awards CBRE Property Management and Leasing of 726,048-SF Industrial Park in Memphis

Aminim Group has awarded CBRE the exclusive property management and leasing assignment of Shelby Oaks Industrial Park, a seven-building, multi-tenant industrial portfolio totaling 726,048 square feet in Memphis. Aminim recently purchased the park through its Apexus Logistics Real Estate Fund (Apexus), a discretionary institutional fund under the Aminim Group umbrella.

CBRE’s Patrick Walton and Stephanie Allen will be responsible for the marketing and leasing and CBRE’s Liz Edmundson will oversee the management of the property.

Shelby Oaks Industrial Park consists of seven Class A industrial assets:

• 6400 Shelby View Drive, a 150,000-square-foot industrial building.
• 6423 Shelby View Drive, a 130,000-square-foot industrial building.
• 6419 Shelby View Drive, a 130,000-square-foot industrial building.
• 6399 Shelby View Drive, a 150,000-square-foot industrial building.
• 1751 Shelby Oaks Drive, a 44,820-square-foot industrial building.
• 1801 Shelby Oaks Drive, a 107,500-square-foot industrial building.
• 1965 N. Shelby Oaks Drive, a 13,728-square-foot industrial building.

“Shelby Oaks portfolio is a fantastic collection of seven modern, best-in-class industrial buildings located in the preferred location for light industrial parks,” said Walton. “With the purchase of these seven properties, Aminim Group has secured a significant cash flow with 26 tenants and a significant presence within the Memphis industrial market that allows for unparalleled access to an educated and highly skilled workforce.”

Shelby Oaks Industrial Park is located near the intersection of Interstates 40 and 240 within the northeast industrial submarket. The properties feature concrete tilt-up construction, 7,500-95,000-square-foot suites, rear and side loading configurations and ample parking.

“Shelby Oaks Industrial Park is one of the highest quality industrial centers in the northeast industrial submarket and appeals to a deep base of industrial and light industrial tenants,” said Nir Kriel, CEO of Aminim Group and the Apexus Logistics discretionary fund. “Its proximity to the I-40 and I-240 interchange enables easy access to the immediate, dense pool of quality labor, as well as making it a strategic last mile distribution location.”