CORFAC News

Memphis, TN (October 15 , 2008) –In a pair of closed lease transactions referred by Steven Podolsky, a CORFAC International affiliate in the Chicago-metro city of Riverwoods, Treat Macdonald of Crump Commercial LLC/CORFAC International announced the completion of two large industrial leases in Olive Branch, MS and Memphis, TN for logistics company New Breed.

This year, the two CORFAC professionals have teamed up to represent New Breed in more than one million square feet of industrial lease transactions. Steven Podolsky is a principal in Podolsky Northstar Realty Partners/CORFAC International and shares in a national account relationship for New Breed with David Saltzman of Newmark Knight Frank in New Jersey.

New Breed leased 469,232 square feet at 8640 Nail Road in Olive Branch, MS, a northern Mississippi city located along Highway 78 and near Interstate 240. This regional transportation artery runs east-west across southern Tennessee and connects Oklahoma to North Carolina. Comprised of two buildings, the Olive Branch properties are owned by ProLogis. ProLogis Park DeSoto also is home to FedEx Ground’s 303,000 square foot satellite package processing facility which opened in 2006.

In Memphis, TN, New Breed renewed their lease of 163,800 square feet at 3676 Raines Road, also from ProLogis.This building was New Breed’s first leased space in Memphis in 2002 when they occupied 93,600 square feet and later expanded into the entire building.

Earlier this year and in another Saltzman/Podolsky/Macdonald referred transaction, New Breed leased 353,950 square feet at 5015 Citation Dr. in Memphis. Taken together, since 2005 the CORFAC affiliates have completed fourtransactions totaling 1,223,000 million square feet with New Breed in numerous states.

“The close collaboration between our three firms has enabled us to effectively represent New Breed during its expansion in centrally-located markets in and around Memphis. This region of the country is strategic for major logistics companies like New Breed,” said Treat Macdonald, a principal with Crump Commercial LLC/CORFAC International.

Based in Greensboro, NC, New Breed is a third-party logistics company that brings new levels of visibility and control to complex logistics operations. The company combines methodical analysis of material flows with the intelligent application of systems to reduce and automate process steps across supply chains and in distribution centers. Some of the world's most respected companies rely on New Breed to streamline logistics operations in support of manufacturing, distribution, returns, refurbishment & repair, service parts logistics, and transportation management.

Podolsky Northstar Realty Partners/CORFAC International was founded in 1971 and is based in the Chicago suburb of Riverwoods. The firm specializes in industrial, office and investment brokerage, asset management, development services, tenant representation, and property/facilities management. Principal Steven Podolsky is one of the founding fathers of CORFAC International.

Crump Commercial LLC/CORFAC International is licensed in the Tri-State area of Tennessee, Arkansas, and Mississippi. Firm principals have over 250 years of cumulative real estate brokerage experience in the Memphis Market and are active in local real estate boards as well as the local SIOR and CCIM Chapters.

About CORFAC International
CORFAC International is one of the largest commercial real estate services organizations in the world.  Founded in 1989 and headquartered in Hollywood, Florida, CORFAC is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge and Panama-based Latin American Corporate Property Services. Last year, CORFAC firms completed 9,594 commercial real estate transactions, encompassing 340 million square feet and valued at $30 billion.  For more information on CORFAC contact 954-923-6160, info@corfac.com or visit www.corfac.com