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Bekaert Signs Ind. Deal at Shelby Air Park

Global Steel Wire Supplier Takes 54,000-SF in Memphis
January 31, 2018
Bekaert Co., a supplier of steel wire products headquartered in Belgium, signed a 53,773-square-foot industrial lease in Building 5 at the Shelby Air Park in Memphis, TN.

The single-story, 165,000-square-foot distribution building has a 24-foot clear height, 22 loading docks and one drive-in bay. Tenants at Building 5 include DYK Automotive and JAS Forwarding.

Diamond Properties acquired the six-building, 993,800-square-foot Shelby Air Park in September 2016 for $19.75 million, or approximately $20 per square foot, according to CoStar data.

Bekaert was founded in 1880 and has nearly 30,000 employees worldwide.

Brad Kornegay and Tim Mashburn of Colliers Management Services represented the landlord. Roger McLemore of Makowsky Ringel Greenberg represented the tenant.
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