Green Mountain Technology – 27th Acquisition
Total Square Footage: 53,907
Acquired: May 2, 2019
Tenant Name: Green Mountain Technology
Royal Oak Realty Trust (“Royal Oak”) is pleased to announce the completion of our 27th acquisition, and second in Tennessee. On May 2, 2019, we purchased the headquarters of Green Mountain Technology (“GMT”) of Memphis, TN, in a sale leaseback transaction. Strategically located in the Ridgeway Center Master Planned development in the heart of the East Memphis business district, the property benefits from easy access to area interstates and provides efficient commutes for residents of Memphis’ most affluent neighborhoods.
The site contains one building totaling 53,907 square feet on 3.27 acres. The masonry-framed building was built in 1979 and was completely renovated in 2017 and 2018. The four story property has served as the headquarters of GMT since 2014.
GMT partners with the world’s largest parcel shippers to plan, execute and monitor high volume parcel networks. GMT’s Parcel Spend Management (PSM) solution simplifies network complexity, drives increased profitability, and enhances the customer experience through a suite of tech-enabled services. GMT’s highly engaged, strategic delivery model, unique network modeling and re-rating technology, and Fortune 500 customer base, uniquely positions the firm to deliver unparalleled value. GMT customers represent more than $5 billion in parcel spend and consistently experience a 5-10X return, net of fees. GMT’s outcomes are proven by numerous customer honors including QVC’s Supply Chain Partner of the Year and Office Depot’s Partnership Award.