Friday, January 28, 2011

MBJ: Aerotropolis Development Site Marketed for Sale


A 113-acre site that once was home to the Mall of Memphis is back on the market.

Commercial Advisors LLC brokers Dave Curran and Matt Weathersby, who are listing the property for an asking price of $3.95 million, see it as a prime location for Memphis’ next big industrial user.

Memphis Mall Holdings LLC, an entity of Lehman Brothers Holdings Inc., owns the property at the southwest corner of Perkins and Interstate 240, but has had it off the market for the past two years.

“They’re a motivated seller looking to get something done,” Weathersby says.

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