Blue Vista Acquires 16-Building Industrial Park Near Memphis, Tennessee

Blue Vista Capital Management (“Blue Vista”) today announced it has acquired Shelby Oaks Industrial Park, a 480,911 square foot portfolio of light industrial and flex properties located in the Northeast industrial submarket of Memphis, Tennessee. In partnership with Westmount Realty Capital, LLC, Blue Vista acquired a majority interest in the property on behalf of its 2018-vintage value-add middle market real estate fund, Blue Vista Real Estate Partners V.

Shelby Oaks Industrial Park is a 50-acre property consisting of 16 buildings situated directly off the I-240/I-40 interchange and within driving distance of downtown Memphis and the Memphis International Airport. The property offers a diverse mix of distribution, warehouse and flex assets carrying varying levels of office and showroom space and ranging in size from 12,000 to 90,000 square feet. The property features 76 dock high doors, 90 grade level doors, and clear heights ranging from 14 to 22 feet. At the time of purchase, the property was more than 95% leased to a diverse set of 78 tenants across the technology, telecommunications, manufacturing, service and food/beverages sectors.

“We are pleased to acquire Shelby Oaks, which represents Blue Vista’s strategy of acquiring high-quality and cash flowing light industrial/flex properties in industrial markets with strong rent growth and occupancy fundamentals,” said Brandon Goetzman, Managing Principal & Co-Head of Equity. “Located proximate to FedEx’s world hub, the Memphis Industrial market is well-positioned to support the city’s expanding role in the U.S. distribution network. The interstate accessibility, proximity to local businesses, flexible spaces, and attractive rental profile will also cater extremely well to the submarket’s tenant-base. We look forward to working with Westmount to manage the property.”

ABOUT BLUE VISTA

Blue Vista is a leading investment management firm focused on helping investors maximize returns through best-in-class real estate equity and credit strategies across the risk-return spectrum. Blue Vista offers investors the benefits of a vertically integrated platform, complementary strategies managed by experienced teams, and deep expertise as an owner, operator and lender across all property types and various markets in the U.S. and Canada. Since its inception in 2002, the firm has invested over $12.6 billion in total capitalization, with the goal of challenging the status quo, setting high standards and bringing a relationship-based, client-focused approach to real estate investing. For more information, please visit https://bluevistallc.com/.

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