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Meguiar's Takes 403,000 SF in Raines Distribution Center

Car Care Product Manufacturer Signs Sublease in Memphis
January 29, 2018
Meguiar’s, Inc., a manufacturer and seller of car detailing products founded in 1901, signed a 403,000-square-foot sublease to take the space formerly occupied by DHL at 5555 E. Raines Rd. in Memphis, TN.

The 658,820-square-foot industrial building sports 216 loading docks, two drive-in-doors, T5 lighting and a 22-foot clear height.

SK Realty Management acquired the single-story Raines Distribution Center in December 2013 for approximately $9.4 million, or about $14 per square foot, according to CoStar data.

Brian Califf of NAI Saig represented the landlord, while Mike Gordon, principal of Cresa, represented the tenant.

Califf currently handles leasing for the 94 percent occupied Raines Distribution Center.
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