MEMPHIS, TN – Mapletree Investments (“Mapletree” or “the Group”) is pleased to announce that LifeScience Logistics (“LSL”), a national leader in healthcare supply chain solutions, has signed a lease for the Group’s 625,000-square-foot (“sq ft”) industrial facility at 5200 Tradeport Drive in South Memphis. This lease marks LSL’s entry into Tennessee, as the company expands its existing commercial capabilities.

“Mapletree is pleased to welcome LifeScience Logistics to 5200 Tradeport Drive and the greater Memphis area,” said Richard Prokup, Chief Executive Officer, U.S., Mapletree. “Pharmaceutical and healthcare supply chains demand precision. In a market where tenants have the flexibility to be highly selective, we’re proud our facility meets LSL’s exacting standards for location, space and infrastructure, and we look forward to supporting their growth in the region.”

“This is the largest lease of the year for a second-generation warehouse distribution facility in the Memphis market, which speaks to the property’s exceptional quality and prime location,” added Michael Nicholson, Senior Manager of Asset Management, Logistics, U.S., Mapletree.

Situated within the Chickasaw Distribution Center — a master-planned business park at the corner of Holmes and Hickory Hill Roads — 5200 Tradeport Drive offers 605,510 sq ft of warehouse space and 19,490 sq ft of office space, including a 13,475-sq ft main office and 6,015 sq ft dedicated to shipping, receiving and satellite offices. 

The property is strategically located near the signalized intersection of Tradeport Drive and Holmes Road, offering convenient access to Hwy 78/I-22, the BNSF Intermodal, the Memphis International Airport and other key logistics hubs.

“We are excited to expand LSL’s footprint into Memphis, a critical logistics hub for the pharmaceutical industry,” said Ryan Oppel, Chief Commercial Officer of LifeScience Logistics. “This strategic expansion of our purpose-built, healthcare-only solutions enables us to deliver a comprehensive range of mission-critical services tailored to the needs of our pharmaceutical and medical device clients.”

LSL received a 10-year Fast Track PILOT from the Economic Development Growth Engine (EDGE) for Memphis & Shelby County to open its facility at 5200 Tradeport Drive. The project, which includes a $23.2 million capital investment, is expected to create 101 new jobs with estimated base wages of approximately $62 million annually over the next two years.

Kemp Conrad of Cushman & Wakefield | Commercial Advisors represented Mapletree in the transaction, while Brian Monaghan & Bob Robers of Cushman & Wakefield represented LSL.

Mapletree owns and manages 9.4 million sq ft of industrial assets in the Memphis market, contributing to its expansive U.S. portfolio, which now exceeds 70 million sq ft.   

Since entering the U.S. real estate market in 2014, the Group has built a diverse portfolio spanning logistics, data center, office, student housing and multifamily properties. As of March 31, 2025, the US accounted for approximately 25% of the Group’s total assets under management, valued at ~$60.1 billion (S$80.3 billion).