CBRE Facilitates $12M Acquisition Loan For Industrial Property In Memphis

The property at 6325 Global Drive in Memphis, TN is an industrial asset comprising a 150,000-square-foot distribution center. The acquisition loan for this property amounted to $12,000,000, facilitated by CBRE. The distribution center features nearly 40,000 square feet of cold storage space and is fully leased to Vistar, a division of Performance Food Group.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,000,000
• Address: 6325 Global Drive
• Market: Memphis, TN
• Square Footage: 150,000
• Landlord: Pacifica Real Estate Group
• Brokers: Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert (Bob) Ybarra, & Shaun Moothart - CBRE
• Loan Type: Acquisition

CBRE played a key role in successfully securing the $12 million acquisition loan for the distribution center at 6325 Global Drive. The involvement of brokers like Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert (Bob) Ybarra, and Shaun Moothart from CBRE highlights the collaborative effort behind the deal, showcasing expertise in facilitating significant transactions within the industrial real estate market.