Exciting Developments in Memphis Real Estate: Discovery Battery and New Property Transactions

Hello Memphis: Exciting Real Estate Developments You Might Have Missed!

Hey there, Memphis! It’s always buzzing here, and while you’re busy enjoying the sights and sounds of our vibrant city, some significant happenings in the commercial real estate scene may have flown under your radar. Let’s dive into some of the latest news that’s shaping our city’s landscape!

A New Player in Town: Discovery Battery

First up, we have some electrifying news! Discovery Battery, a manufacturer specializing in both lithium and lead-acid batteries, has recently locked in a lease for a massive 33,600-square-foot warehouse. This new facility is located in the Memphis Distribution Center Building C at 4105 Hickory Hill Road. That’s quite the space!

The deal was brokered by the savvy team at CBRE, with Patrick Walton and Stephanie Allen representing the landlord, while Rives Moore and Jacque Beeson handled arrangements for the tenant. This venture clearly signals exciting times ahead for Memphis businesses and job seekers alike, as the demand for battery manufacturing continues to grow.

Changing Hands: Austin Peay Highway Properties

Now, let’s talk transactions! Three buildings located along Austin Peay Highway have found new owners after being sold for a cool $1.35 million. These properties encompass a combined total of 16,710 square feet. It’s not just a sale; it’s revitalization for our community and a boost to local commerce.

The sale of these buildings indicates a thriving commercial market here in Memphis, where investors see potential in property development and business growth. Who knows what exciting enterprises could pop up in these spaces in the near future? Possibilities are endless!

Why Local Journalism Matters

Speaking of great news, have you ever thought about the importance of local journalism? When you support local journalism, you’re not just getting informed; you’re contributing to a significant part of our community. With nearly 40 local journalists and more than 20 freelancers working hard to keep you updated, subscriptions and donations make a huge difference. They help fund access programs, providing free resources to schools and community organizations. It really does create a ripple effect, doesn’t it?

Don’t Miss Out!

Curious to stay updated on business news and developments in Memphis? We understand how bustling life can be, and we want you in the know! Signing up for updates is easy—just enter your email, and before you know it, you’ll be receiving the latest happenings right in your inbox. If you don’t see an email in your inbox within 10 minutes, don’t forget to take a quick peek into your spam or junk folder!

Join the Conversation

Are you eager to voice your thoughts on the real estate market or any other local happenings? We’d love to hear from you! Engaging with your community is just as vital as the news itself. Joining the conversation is simple, but remember, it’s exclusive to subscribers! Read through others’ comments, and don’t hesitate to add your take.

In Conclusion

Memphis, as you stroll through your neighborhoods and frequent your local businesses, keep your eyes peeled for more exciting developments! From ambitious newcomers like Discovery Battery to active real estate transactions on Austin Peay Highway, there’s always something happening. Keep supporting each other and stay connected—our city is only getting started!