Jul 13, 201204:18 PMThe Tip Sheet
The latest in Memphis business news
StyleCraft Expands in DeSoto County
DeSoto County-based StyleCraft Home Collection is moving and expanding into a 167,000-square-foot space in the Airways Distribution Center in Southaven. Atlanta-based Industrial real estate company IDI owns the property, and Allen and Dan Wilkerson of Colliers International represented StyleCraft in the lease deal.
StyleCraft supplies lighting, wall decor, mirrors, decorative accessories, framed art and furniture to customers worldwide. Ten-thousand square feet of the new space will be used as a lighting and decor showroom. The company has other showrooms in High Point, North Carolina; Las Vegas; Dallas; Atlanta; and Tupelo. It also operates a quality control, product development office, and showroom in China.
Airways Distribution is a class-A business park on Marketplace Drive, about two miles from Memphis International Airport. StyleCraft joins PFS Web to bring the 602,500-square-foot Building E to capacity. Only 26,757 remain in the office park overall. Other tenants include Kimberly-Clark, Siemens, and Bunzl Distribution.
Building E was constructed in 2003 and is leasing for $2.85 per square foot annually (or a little less than $500,000 per year).