Past Project Details

CP LATHAM

DISTRESSED NOTE PURCHASE / ADAPTIVE RE-USE

Coastal Partners, on behalf of CP Latham Investors purchased a 641,000 SF bank owned industrial building in 2012. After purchase, it was determined that rehab and modernization was not cost effective. The building was demolished and the partnership signed a long term NNN lease with Fed Ex Ground to be used as a parking facility. Shortly after signing the lease, and completing the parking facility, the property was sold.

  • LOCATION – Memphis, TN
  • PROPERTY TYPE – Industrial
  • SIZE – 641,000 SF
  • ACQUIRED – May 2012
  • SOLD – November 2017
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