logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
United States
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Segments

      Advisory Services

      Global Workplace Solutions

      Real Estate Investments

      • Advisory & Transaction Services
      • Capital Markets
      • Project Management
      • Property Management
      • Valuation & Advisory Services
      • Advisory & Transaction Services | Occupier
      • Client Strategy and Consulting
      • Facilities Management
      • Project Management
      • Development Services (Trammell Crow Company)
      • Flexible Space Solutions (Hana)
      • Investment Management (CBRE Global Investors)
    • Services for Investors
      • Appraisal Management
      • Debt and Loan Valuation
      • Federal Government Leases
      • Host
      • Investment Banking
      • Loan Servicing
      • Property Sales
      • Valuations for Financial & Tax Reporting
      • Corporate Capital Markets
      • Debt & Structured Finance
      • Forecasting & Analytics
      • Leasing & Advisory
      • Litigation Support
      • Net Lease Properties
      • Small Balance Lending
      • Construction Risk Management
      • Energy & Sustainability
      • Going Concern Valuation
      • Investment Accounting & Reporting Solutions
      • Loan Portfolio Sales
      • Property Management
      • Telecom Advisory
    • Services for Occupiers
      • Business Transition & Move Management
      • Energy & Sustainability
      • Host
      • Location Analytics
      • Portfolio Services
      • Space Enablement
      • Client Strategy and Consulting
      • Expense Management Solutions
      • Labor Analytics
      • Location Incentives
      • Project Management
      • Workplace
      • Corporate Capital Markets
      • Facilities Management
      • Leasing & Advisory
      • Network Advisory
      • Real Estate Accounting
    • Asset Types & Specialties
      • Office
      • Aerospace and Defense
      • Data Centers
      • Golf & Resorts
      • Multifamily
      • Parking
      • Industrial & Logistics
      • Affordable Housing
      • Hotels
      • Land
      • Nonprofit
      • Self-Storage
      • Retail
      • Aviation Properties
      • Gaming
      • Manufactured Housing
      • Omnichannel
      • Senior Housing
    • Industry Sectors
      • Industrial & Logistics
      • Energy, Oil & Gas
      • Law Firms
      • Technology, Media & Telecom
      • Retail
      • Financial Services
      • Life Sciences
      • Data Centers
      • Healthcare
      • Student Housing & Education
  • Properties
  • Research & Insight
    • Latest National Research & Reports
      The Way Forward
      Weekly Insights
      Reopening the World's Workplaces
      COVID Resource Center
  • People & Offices
  • About CBRE
    • Careers
      Case Studies
      Corporate Information
      Corporate Responsibility
      Executive Leadership - Global
      Investor Relations
      Media Center
      Suppliers

Previous

Press Release
Unis LLC Signs Industrial Lease for Second Fulfillment Center in Memphis

Next

Press Release
CBRE Facilitates Sale of 7 Vance Avenue in Memphis, Vacant Industrial Building Primed for Redevelopment
  • People and Offices
  • Memphis
  • Memphis Media Center
  • WOODHILL REAL ESTATE ENTERS MEMPHIS MARKET ACQUIRING INDUSTRIAL BUILDING, CBRE ASSIGNED PROPERTY MANAGEMENT AND LEASING

WOODHILL REAL ESTATE ENTERS MEMPHIS MARKET ACQUIRING INDUSTRIAL BUILDING, CBRE ASSIGNED PROPERTY MANAGEMENT AND LEASING

Memphis, TN | January 15, 2021
  • Email
  • Share
  • Tweet
  • Share

Memphis, TN – January 15, 2021 – Woodhill Real Estate purchased its first property in the Memphis market, a 268,000-sq.-ft. industrial property located at 5020 Tuggle Road in Memphis. CBRE has been assigned the facility’s property management and leasing efforts by the new owner. The deal closed on January 7, 2021.

The new owner, Woodhill Real Estate is a New York-City based real estate investment firm with a focus on industrial properties and has been very active in acquiring industrial assets throughout the Southeast.

“The property is extremely well located, has obvious upside potential through lease restructuring and with the implementation of our capex plan, we expect to establish this asset as a best-in-class option for warehouse and logistics tenants. The acquisition basis and off-market nature of this investment in particular made this a very compelling opportunity for us and we are thrilled to be the new owners,” said Daniel Kuflik, Principal at Woodhill Real Estate.

CBRE’s Kevin Clarkson will be coordinating the property management of the facility. Patrick Walton of CBRE will lease the building on behalf of the new owner, Woodhill Real Estate.

Located in the heart of Memphis’ growing Southeast submarket, the Class A industrial property provides direct access to Highway 78 and is in close proximity to FedEx’s World Headquarters. The building is currently 100 percent occupied.

“The CBRE team is proud to work with Woodhill Real Estate and provide exceptional property management and leasing to its new industrial facility,” said Mr. Clarkson, director of property management at CBRE in Memphis. “Memphis’ industrial market and the Southeast submarket have stayed strong throughout the past year and we know this building will continue to contribute to the industrial market’s success and growth.”

According to CBRE Research, the Memphis industrial market posted a record-breaking year in 2020, an impressive feat given the ongoing global pandemic. Notably, the market posted over  three million sq. ft. of positive net absorption in Q4 2020, bringing the annual net absorption total to over 12 million sq. ft., more than any other year.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Media Contacts

Amy Wenk
Corporate Communications, Southeast
+1 404 8125137
+1 404 6210030
  • Corporate Information
  • Corporate Responsibility
  • Case Studies
  • Media Center
  • About Us
  • Careers
  • People and Offices
  • Global Leadership
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Policy
  • Sitemap
  • Terms of Use
  • United States Privacy Policy
  • Our Response to SCHREMS II
  • Twitter
  • Facebook
  • LinkedIn