Trane U.S. Inc. has finalized its 625,875-square-foot industrial lease in Southeast Memphis, confirmed Brad Murchison with CB Richard Ellis Memphis.
Trane is a subsidiary of Dublin-based Ingersoll-Rand. The residential and commercial heating, ventilation and air-conditioning (HVAC) system provider also has a location in Southaven.
Trane will occupy all of Chickasaw Building E’s building at 5200 Tradeport Dr. The space formerly housed warehouse space for Hewlett-Packard.
CBRE handles lease negotiations for Chickasaw Distribution Center – a master-planned industrial park near E. Holmes Road and the Mississippi state line.
Built in 1998, the Class A warehouse’s 2011 appraisal is $15.8 million, according to the Shelby County Assessor of Property. The owner’s name is listed as Industrial HPM Owners LLC out of Atlanta.