The Belz Report - Spring 1999

S P R I N G -- 1 9 9 9P A G E3

Belz Begins Work at MELTEC
Site planning and construction are underway on a 230-acre Belz Enterprises development near the Memphis International Airport that company officials say will become a key part of the Memphis area's distribution industry.

The development is called the Memphis Logistics Technology Center (MELTEC).

The site at the corner of Holmes and Tchulahoma has the potential for 4.5 million square feet of warehouse distribution and industrial space, and is located near the Memphis International Airport and Federal Express' hub.

"This project will allow us to keep up with the explosive demand for warehouse distribution space that Memphis has been experiencing," said Morris Thomas, vice president of Belz Enterprises' brokerage and leasing division.

The logistics complex is in a prime location to serve as the next major warehouse distribution and industrial development in Memphis.

“In addition to its being strategically situated close to the Memphis International Airport and Federal Express’ hub, its easy access and close proximity to I-55 and I-240 provides excellent over-the-road trucking support,” said Thomas.

Within one day's drive, Memphis serves 76 percent of the entire U.S. population. Belz officials are confident that this new facility will become the key distribution center for the next millennium.