Market Overview

Robinson Weeks Partners Enters Memphis Industrial Market

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Construction to Begin on 421,470 SF Building

Robinson Weeks Partners (www.RobinsonWeeks.com),
an Atlanta-based real estate development and acquisition company, today
announced plans for Memphis Global Crossing, the city's first
speculative industrial space in more than a decade.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180822005594/en/

Robinson Weeks Partners Memphis Global Crossing building rendering (Photo: Business Wire)

Robinson Weeks Partners Memphis Global Crossing building rendering (Photo: Business Wire)

"Memphis is on the rise with tremendous opportunities in the industrial
market. With vacancy rates near 15 year lows and strong market
fundamentals, we are very bullish on Memphis," said David Welch,
President of Robinson Weeks Partners. "We look forward to expanding our
presence in this market."

"There is pent-up demand for a new, modern, Class A logistics facility
in Memphis proper and Robinson Weeks has designed the perfect envelope
to attract an employer to this site," said Kemp Conrad, Principal of
Cushman & Wakefield | Commercial Advisors, LLC, whose team will be
handling the leasing of the project.

The Memphis Global Crossing site is located at the southeast
corner of Distriplex Farmers Drive and Global Drive within the
Distriplex Farms master planned development. The site is located 2.5
miles from the BNSF Intermodal Facility, eight miles from the FedEx Hub
at Memphis International Airport and two miles from Highway 78 (Lamar
Avenue).

Robinson Weeks Partners plans to begin construction in September on a 421,470
SF speculative development
, known as Memphis Global Crossing. The
building will feature 32' clear height with cross dock loading and 185'
truck courts. To accommodate regional and national distributors as well
as e-commerce fulfillment users, the building will have 124 trailer
parking spaces, 204 auto parks and 127 dock doors.

"This is yet another great signal of the momentum we're enjoying in
Memphis," said Memphis Mayor Jim Strickland. "It's further proof that
Greater Memphis' energies are back within our city limits, and more and
more companies are seeing the opportunity for growth in our city."

"When we see new buildings going up, it means investors see what we see
– that Memphis is booming," said Phil Trenary, CEO and President of the
Greater Memphis Chamber. "We are pleased to see continued investment to
bring jobs and opportunity to Memphis."

ARCO Design/Build is the general contractor for the project with The
Reaves Firm providing civil engineering services.

ABOUT ROBINSON WEEKS PARTNERS

Robinson Weeks Partners is an Atlanta based development and acquisitions
firm, whose partners have a combined 100 years of experience in the
industrial real estate sector. The firm has developed and acquired more
than $2.5 billion of industrial properties over the last 35 years. The
boutique real estate firm structures ventures with public and private
entities to develop master-planned industrial parks, and it also creates
exceptional built-to-suit programs across the country for clients in
need of a trusted and experienced advisor to acquire and develop their
facilities. Its target markets include Atlanta, Texas, Charleston,
Greenville, Memphis, Nashville, and Florida.

For more information about Robinson Weeks Partners, please call David
Welch at 404-815-2019, or visit www.robinsonweeks.com.

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