MDH Partners fully leased a 127,600 square foot warehouse in Olive Branch to Farmers Business Network Inc.
Built in 1994, the property is located at 10630 Marina Drive and offers 24 ‘headroom, 12 exterior dock doors, 50’ x 50 ‘column spacing and 118 surface parking spaces. MDH Partners purchased the vacant building in 2019 and carried out extensive renovations, including the installation of a new TPO roof, LED lighting of the large windows, repainting of the interior and exterior, the ‘addition of two doors at platform height, repaving of the land for trucks and renovation of the office.
The building spans 9.16 acres and is located 25 miles from Memphis with excellent connectivity to major transportation hubs including Memphis International Airport, the Port of Shreveport Freight Port and the Union Pacific Railroad. .
MDH senior partner Raymond Hill said the property is a great fit for Farmers Business Network as it expands into new territories.
“The space is conveniently located along the Mississippi River in one of the Southeast’s most demanded submarkets, providing very convenient public transportation and access to an educated workforce,” said Hill. âThe industrial market remains incredibly strong and with the growing need for distribution space amid the surge in e-commerce sales, we expect the Memphis market to continue to experience tremendous growth. to welcome Farmers Business Network into the property.
Farmers Business Network, Inc. is an independent agriculture technology platform and farmer-to-farmer network with a mission to fuel the prosperity of family farmers around the world. NBF has over 27,000 members in the network and covers over 70 million acres of member farms in the United States, Canada and Australia.
Jack Cox, global vice president of distribution and logistics at FBN, said the Olive Branch facility will serve as one of five primary distribution centers within FBN’s rapidly growing US logistics network.
âThese critical facilities serve more than a dozen logistics centers, allowing us to get closer to customers and deliver products with speed and reliability to farmers, unprecedented in the agriculture industry,â said Cox. âLocation and workforce are both strong assets to support our logistics. operations throughout the South and we look forward to launching our efforts to fully staff this strategically important facility.
MDH Partners is an Atlanta-based real estate investment firm that manages industrial real estate across the United States on behalf of its investors with over $ 4 billion (75 million square feet) of acquisitions, developments and asset management.