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Editorial Results (free)

1. Square Entertainment -

Everything about the redevelopment of Overton Square followed a script.

But weather, or bad weather for that matter, can wreak havoc on the best-laid plans.

After acquiring Overton Square and spearheading construction and leasing, landlord Loeb Properties wanted to activate the revived entertainment district with programming that would draw people to the revitalized district.

2. Renovation, Expansion Underway at Saddle Creek -

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.

3. Square Roots -

Breakaway Running owner Barry Roberson was blown away by the crowds who visited his new Overton Square store, which opened Oct. 30.

4. Making an Impression -

The firm redeveloping Overton Square considers its task at hand to be playing to its Midtown audience – not only in building construction, but also in incorporating art.

Loeb Properties Inc. is investing more than $20 million to revive the once-booming arts and entertainment district of the 1970s and 1980s. That includes adding new tenants to expand Overton Square’s footprint, redesigning existing structures and building new ones, and implementing a dozen or so multimedia art projects throughout.

5. Sekisui, Circa to Relocate Spaces -

Two East Memphis restaurants soon will have new addresses. 

Sekisui is moving from its original location in the Shops of Humphreys Center, 50 Humphreys Blvd., into Circa by John Bragg’s space in Regalia Shopping Center at 6150 Poplar Ave., suite 122. Circa plans to relocate west to Chickasaw Crossing, 2855 Poplar, in the space where Ronnie Grisanti’s restaurant operated for years.

6. Exeter Buys West Memphis Warehouse for $15.6 Million -

Pennsylvania-based Exeter Property Group has snatched up the Smucker’s distribution warehouse in West Memphis for $15.6 million.

The 600,000-square-foot facility was a foreclosed property from Bank of America, which was selling it with a year-end anticipated closing, said Matt Brodnik, Exeter’s director of capital markets.

7. New Panera Underscores Midtown’s ‘Tipping Point’ -

Panera Bread Co. is coming to one of Midtown’s busiest streets following years of site selection in the area.

8. New Owner For Bartlett Car Wash Property -

A former car wash site in Bartlett has traded hands. Nyan Jaf acquired the 0.71-acre lot at 5960 Summer Ave. from Mr. Carwash LLC for $65,000.

9. Nissan North America Renews Lease In SE Shelby -

Nissan North America Inc. has renewed its 413,000-square-foot lease in Southeast Shelby County.

10. Loeb Builds Success on Long History, Strong Team -

In 1887, a T-shirt maker named Henry Loeb, great-grandfather of Robert “Bob” Loeb and Louis “Lou” Loeb of LOEB Properties, opened a Laundromat on Main Street. His entrepreneurial spirit transpired four generations, officially reaching the Loeb brothers in the early 1980s.

11. SRVS Files Construction Loan for New Headquarters -

3971 Knight Arnold Road
Memphis, TN 38118
Loan Amount: $3.3 million

Loan Date: March 22, 2011
Maturity Date: n/a
Borrower: Shelby Residential and Vocational Services Inc.
Lender: First Tennessee Bank NA

12. New York Company Buys 158-Unit Greenview Estates in Raleigh -

4650 Hedges Drive
Memphis, TN 38128
Sale Amount: $3 Million

Sale Date: Dec. 17, 2009
Buyer: Greenview Estates LLC
Seller: Greenview Townhomes LLC
Loan Amount: $2.1 million
Loan Date: Dec. 17, 2009
Maturity Date: N/A
Lender: Bloomfield Institutional Opportunity Fund LLC

13. Renal Co. Completes Second Sale-Leaseback -

RAI II LLC, a local affiliate of Nashville-based Renal Advantage Inc., has sold its renal clinic at 1333-1341 Poplar Ave. in Midtown for $2.6 million to IPX Development 124 LLC, a company related to the St. Louis-based 1031 tax-deferred exchange qualified intermediary IPX Exchange Services Inc. The deal closed Dec. 30.

14. Whitehaven Clinic Sold, Leased Back by Renal Co. -

RAI II LLC, a local affiliate of Nashville-based Renal Advantage Inc., has sold its recently completed renal clinic at 4185 Pace Road in Whitehaven for $1.5 million to a St. Louis company called BanBan South Memphis LLC. The sale closed Dec. 17.

15. This Little Piggy Went to Memphis -

Would you open a wing store in Buffalo? How about a brewery in St. Louis? That's pretty much what a Little Rock-based barbecue restaurant is doing here in the Mid-South.

The Whole Hog Café, a barbecue restaurant started by Little Rock-based Whole Hog Enterprises Inc., plans to open a new store in Memphis' saturated barbecue restaurant market June 1 under a licensing agreement with McMay LLC, which will operate the 6,000-square-foot store at 5727 Quince Road.

16. Archived Article: Real Recap - AS Hospitality Buys Press Building

AS Hospitality Buys Press Building

3493 Lamar Ave.

Memphis, TN 38118

Cost: $2.7 million

Buyer: ASH Properties LLC

Seller: Commerce Center LP

Property: Property at 3493 Lamar Ave. near Pearson R...

17. Archived Article: Comm Briefs - The Dutch Treat Luncheon, formerly the Loeb Luncheon, will meet 12:30 p Tickets for the Redbirds' two exhibition games, March 29 and 30 against the St. Louis Cardinals, and the team's 72-game home schedule, go on sale at 9 a.m., Saturday at AutoZone...

18. Archived Article: Real Review - General Motors expands General Motors expands local real estate operations Neilson Group LLC, GMAC Real Estate has expanded its operations and opened a Collierville office. The Neilson Group joined forces with General Motors real estate division in ...

19. Archived Article: Loeb Realty Chg - By CAMILLE H Commercial real estate sales show area economy is strong Local investors purchase Lipscomb & Pitts building on Union Avenue Extended By CAMILLE H. GAMBLE The Daily News Several commercial buildings in Memphis sold during December, a...