Bayer Taps JLL to Market Memphis R&D Asset
- Apr 21, 2017
Bayer U.S. hired JLL to market for sale or lease its research and development center in Memphis, Tenn. Vice President Jack Wohrman and Managing Director of Brokerage Russ Westlake will be marketing the property.
The 43-acre, six-building, one million-square-foot center comprises a 553,000-square-foot warehouse and distribution facility, 313,125 square feet of general and executive office space, a 50,875-square-foot research and GMP lab, a 11,000-square-foot data center, a 9,200-square-foot child care facility and a 6,600-square-foot truck service facility. The campus is available for immediate occupancy.
The location is central to several major logistics centers in the area including FedEx world hub, UPS regional hub, the Memphis International Airport and five Class-I rail intermodal yards.
“The Memphis campus is a diverse facility with capabilities for distribution, R&D, analytics, stability, formulations, microbiology, aerosol storage, consumer insights and innovation and computer technology,” Andrew Ritchie, manager of facility services at the Memphis site, said in prepared remarks. “The site has invested millions in facilities upgrades in just the past ten years to stay at the forefront of technology, energy efficiency and HSE standards.”
Image courtesy of Bayer