Inked: ‘Homegrown success story’ expands; Shelby Drive site sold to former owner
Welcome to Inked, a column that notes some of the week’s commercial real estate transactions and updates in the greater Memphis area that may have gone unnoticed.
Industrial site sold to former owner
Karon Nash said Ash Holdings plans to lease out the two warehouses on East Shelby Drive. (Courtesy of Cushman and Wakefield | Commercial Advisors)
Local real estate investor Ash Holdings bought a 38,400-square-foot industrial property on East Shelby Drive for $1.1 million.
The double-warehouse property at 5625 and 5639-5653 E. Shelby Drive was auctioned April 2, with the bid starting at $375,000.
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Dima Amro
Dima Amro is a native Memphian who covers commercial real estate and economic development for The Daily Memphian. She received her B.A. in journalism at the University of Memphis and M.A. in investigative journalism at American University.
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