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1. FedEx Supply Chain Expansion Wins Tax Freeze
- Thursday, November 27, 2014
FedEx Supply Chain Services appears poised to move ahead with an expansion in Memphis.
The third-party logistics arm of FedEx, recently won a five-year tax freeze for a $6.8 million expansion to its 454,713-square-foot warehouse at 5050 E. Holmes Road.
2. Willow Lake Sales Positive News For The Market
- Friday, October 24, 2014
The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.
For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.
3. Pain Treatment Center to Open Second Locale
- Friday, September 12, 2014
Comprehensive Pain Specialists, a national player in the field of medical pain treatment centers from Nashville, has signed a lease for 4,713 square feet in Healthcare Realty Trust’s building at 8000 Wolf River Blvd.
4. Dohmen Life Science Adds Space in SE Memphis
- Friday, August 01, 2014
Dohmen Life Science Services is expanding its footprint in Southeast Memphis.
The operator of the pharmaceutical logistics company DDN recently inked lease renewals and an expansion that pushed its occupancy to 628,000 square feet.
5. Renovation, Expansion Underway at Saddle Creek
- Friday, June 13, 2014
The Shops at Saddle Creek has picked up a new tenant as the lifestyle center undergoes a renovation.
Marmi Shoes has leased 1,395 square feet between Vera Bradley and Madewell at Saddle Creek. St. Louis-based Marmi Shoes offers a wide variety of women’s shoe styles and sizes with a European influence. The Saddle Creek location, the first in the Memphis area and the second in Tennessee, is expected to open in the fall.
6. Shelby Farms Files $25 Million Permit for Lake Expansion
- Monday, May 26, 2014
500 Pine Lake
Memphis, TN 38134
Permit Cost: $25 million
Project Cost: $52 million
Permit Date: Applied May 2014
Completion: June 2016
Owner: Shelby Farms Park Conservancy
Tenant: Shelby Farms Park Conservancy
Architect: james corner field operations
Contractor: Montgomery Martin Contractors LLC
Details: The Shelby Farms Park Conservancy has filed a $25 million permit with the city-county Office of Construction Code Enforcement to expand Patriot Lake.
7. Conn’s Plans Home Store in Memphis
- Friday, April 25, 2014
Texas-based retailer Conn’s will be opening a store in Southeast Memphis, one of possibly three stores the home appliances and furnishings chain plans to open in Tennessee.
The retailer will open a Conn’s HomePlus in May in 42,296 square feet at the Cross Creek Shopping Center at Riverdale and Tenn. 385 that Babies “R” Us vacated.
8. Lakecrest II Sells for $4.6 Million
- Friday, March 07, 2014
The Lakecrest II office building in East Memphis has changed hands again.
Southland Primacy LLC acquired the 129,104-square-foot office building at 6055 Primacy Parkway from Jefferson-Pilot Investments Inc. Feb. 28 for $4.6 million.
9. Midtown Medical Office Building Sells for $2.6 Million
- Friday, January 10, 2014
A partnership of two Utah-based companies has acquired a medical office building on Union Avenue near Overton Square.
Trivalis LLC and Novalis LLC, both based in Utah, acquired the medical office building built in 1967 at 2076 Union Ave., next door to the IHOP restaurant, for $2.6 million. The property, at the corner of Union Avenue and Florence Street, was appraised at $1.3 million in 2013, according to the Shelby County Assessor of Property’s office. The sellers, Missouri-based Roundabout Real Estate LLC and Visual Projects LLC, acquired the property in 2008 for $2 million.
10. MRG Sees Flurry of Activity at Marion Center
- Friday, December 13, 2013
In 2008, Memphis-based Makowsky Ringel Greenberg LLC developed The Shops of Angelos Grove retail center in Marion, Ark.
11. Olymbec Acquires 13-Building Bellbrook
- Friday, November 15, 2013
Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.
12. Winchester Law Firm Inks Lease at Triad Centre
- Friday, November 08, 2013
The Winchester Law Firm is moving to a new space within the Triad Centre II office building in East Memphis with a new buildout.
The law firm will occupy 5,523 square feet in the Highwoods Properties office building at 6060 Poplar Ave.
13. East Memphis Retail Center Sees Positive Lease Activity
- Friday, October 25, 2013
The Shops at Chickasaw Gardens, on Polar Avenue near the Benjamin L. Hooks Central Library, has seen good leasing activity recently.
Shark’s Fish and Chicken, an Arkansas-based restaurant chain, signed a lease for 2,330 square feet at 3183 Poplar Ave., taking the former Back Yard Burgers space. David’s Frames & Art renewed its lease for 3,080 square feet at 3151 Poplar Ave. Create A Cig, an electronic cigarette shop, will open soon at 3175 Poplar Ave.
14. Baptist Begins Construction on $14.1 Million Pediatric ER
- Friday, September 27, 2013
Baptist Memorial Health Care Corp. began construction this week on a new pediatric emergency department at Baptist Memorial Hospital for Women.
15. Boyle Sells More Lots at Spring Creek Ranch
- Friday, August 09, 2013
After an initial offering went so well earlier this year, a group of area homebuilders has acquired 17 more lots at The Village at Spring Creek Ranch from Boyle Investment Co.
16. Walgreen Co. Closes Ike’s Gas Station
- Friday, August 02, 2013
Walgreen Co. has closed the gas station at its Ike’s store on Union Avenue, but the company isn’t saying anything else about the property’s future.
17. Miss. Gov's Office: Estimated Ag Losses $250M
- Friday, June 03, 2011
JACKSON, Miss. (AP) – Officials say flooding in Mississippi could have caused more than $250 million in damages to agriculture.
Laura Hipp, a spokeswoman for Gov. Haley Barbour, stressed that the figure was only an estimate because thousands of acres are still flooded and that makes it hard to come up with solid information. She said officials estimate that 450,000 acres of cropland could have been destroyed.
18. Spiegel to Begin Work Friday as CEO At Methodist University Hospital
- Wednesday, March 12, 2008
Kevin M. Spiegel Friday will begin work as chief executive officer and administrator of Methodist University Hospital.
Spiegel is board-certified in health care administration and is a fellow in the American College of Health Care Executives. He previously served as president and chief operating officer of Trumbull Memorial Hospital in Warren, Ohio.