63,420 SF Lease Signed at the Rankin 59 Logistics Park

September 26, 2025

We are happy to announce we have signed a lease with SpeedX for 63,420 square feet, or 41.83%of the Property. The lease term is 63 months, and the rate is $.65 per square foot or 16% higher than the proforma estimate. Below is some information about the new tenant. Congratulations, and please don't hesitate to reach out with any questions.

SpeedX is a tech-enabled, last-mile delivery platform that serves as a carrier and logistics partner for e-commerce businesses, particularly those handling small international packages. It uses a hybrid model, combining its own drivers and fleet with a network of independent contractors and regional carriers to provide flexible, scalable, and cost-effective delivery services. SpeedX handles deliveries from local sortation hubs to customers' doorsteps, focusing on fast shipping options like next-day and 2-day delivery.