Tratt Properties Sells 1,000,000 SF Williams-Sonoma Distribution Center Property in Olive Branch, Mississippi
Olive Branch, MS – March 15, 2019, WSDC, LLC an affiliate of Tratt Properties, LLC of Phoenix has announced the sale of their Williams-Sonoma Distribution Center building at 7755 Polk Lane, Olive Branch, MS (a suburb of Memphis) for $48 million. The 1,000,000+ square foot warehouse/distribution building completed in 1999 sits on 66.85 acres, has a clear height of 36′, 300′ deep truck court and large staging area that can accommodate up to 600 trailers as well as a large warehouse mezzanine for material handling.
Tratt Properties held the property for over 14 years and the Principal, Jonathan Tratt stated, “We are pleased to sell the asset at a nice profit, but we are saddened to lose Williams-Sonoma as a valued customer. We look forward to the opportunity of working with them again in the future”.
The Saig Company of Tennessee represented the Buyer along with Dan Wilkinson of Colliers International Memphis Region.