East Memphis, October 11, 2025
News Summary
The AXS Opportunity Fund, a Los Angeles-based real estate firm, has acquired the International Paper IV building in East Memphis, covering an area of 238,600 square feet. This acquisition indicates a growing interest in the Memphis commercial real estate market, which continues to attract investors. The transaction was finalized on October 8, but the purchase price remains undisclosed. The move reflects the ongoing economic development in Memphis and the strategic significance of the property in boosting local employment and business operations.
Memphis
The AXS Opportunity Fund, a real estate firm based in Los Angeles, has successfully acquired the International Paper IV building, located at 1740 International Drive in East Memphis. This notable acquisition encompasses an area of 238,600 square feet. The transaction was finalized on October 8, though details surrounding the purchase price have not been disclosed.
The seller of the property involved in this transaction is Peakstone Realty Trust, a real estate investment company that operates out of Chicago. This acquisition further indicates the growing interest in the Memphis commercial real estate market, marking another significant transaction in the region.
AXS Opportunity Fund has been actively expanding its portfolio, taking advantage of investment opportunities in various markets. As Memphis continues to experience economic growth, properties such as the International Paper IV building are becoming increasingly attractive to investors eager to capitalize on the area’s development potential.
About the AXS Opportunity Fund
AXS Opportunity Fund is focused on acquiring and managing real estate projects that offer high potential for returns on investment. By identifying emerging markets and investing in substantial commercial properties, the firm aims to provide value to its stakeholders while contributing to the growth of the communities in which they operate.
Details of the Property
The International Paper IV building is strategically located in East Memphis, a key area that serves as a hub for various industries. Its size of 238,600 square feet makes it a sizable structure, indicating that it could accommodate various business operations, contributing to the local economy and employment.
Real Estate Market Trends in Memphis
The Memphis real estate market has been experiencing a wave of investments over the past few years. As businesses expand and relocate to the city, investments in commercial properties have surged. This trend has resulted in heightened activity in the market, attracting both local and national investors. Acquisitions like that of the International Paper IV building reflect the strengthening of Memphis as a viable choice for real estate investment.
Conclusion
The acquisition of the International Paper IV building by AXS Opportunity Fund demonstrates a continued interest in Memphis’ commercial real estate market. As the city grows and evolves, investments in substantial properties contribute to both economic development and job creation in the region.
FAQs
What is the size of the International Paper IV building?
The building covers an area of 238,600 square feet.
Where is the International Paper IV building located?
The building is located in East Memphis at 1740 International Drive.
Who acquired the International Paper IV building?
The AXS Opportunity Fund, a real estate firm based in Los Angeles, acquired the building.
Who was the seller of the property?
The seller of the property was Peakstone Realty Trust, a real estate investment company based in Chicago.
When was the acquisition reported?
The sale was reported on October 8.
Key Features of the Acquisition
| Feature | Detail |
|---|---|
| Property Name | International Paper IV |
| Location | 1740 International Drive, East Memphis |
| Size | 238,600 square feet |
| Acquirer | AXS Opportunity Fund |
| Seller | Peakstone Realty Trust |
| Date of Acquisition | October 8 |
| Purchase Price | Not disclosed |
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Additional Resources
- Commercial Appeal: International Paper Memphis Headquarters Sold
- Wikipedia: Memphis
- Daily Memphian: International Paper East Memphis Building Sold
- Google Search: International Paper Memphis
- Recycling Today: International Paper Leadership Changes
- Google Scholar: International Paper
- Pulp & Paper News: International Paper Strategic Changes
- Encyclopedia Britannica: International Paper
- WREG: International Paper Closes Multiple Facilities
- Google News: International Paper Job Cuts
Author: STAFF HERE MEMPHIS WRITER
The MEMPHIS STAFF WRITER represents the experienced team at HEREMemphis.com, your go-to source for actionable local news and information in Memphis, Shelby County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the areaโwith deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Beale Street Music Festival, Elvis Week, and Memphis in May International Festival. Our coverage extends to key organizations like the Greater Memphis Chamber and the Memphis Convention & Visitors Bureau, plus leading businesses in logistics, healthcare, and music that power the local economy such as FedEx, St. Jude Children's Research Hospital, and AutoZone. As part of the broader HERE network, including HEREBristol.com, HEREChattanooga.com, HEREKnoxville.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
