N.Y. firm invests in airport center industrial site

From The Commercial Appeal

Falcon pays $37.1 million to expand holdings beyond big-market office properties

Falcon Real Estate Investment Co. LP, a New York-based real estate investment and advisory company, has entered the Memphis market with the purchase of the Memphis International Airport Center portfolio for $37.1 million.

The 68-acre industrial park, located at Winchester and Prescott, includes nine warehouses totaling 1.1 million square feet.
Falcon, known for investing in office properties in top-tier markets such as Chicago, Washington and Los Angeles, was attracted to the park because of its proximity to Memphis International Airport, the world's busiest cargo airport.

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