Editorial Results (free)
1.
Commercial Practitioners Have Voice With Council -
Tuesday, April 09, 2013
The Memphis Area Association of Realtors Commercial Council has grown and evolved over the past nine years since its inception, with membership increasing from 150 members in 2004 to more than 350 members this year.
2.
Coffee, Beer Bar Coming Downtown -
Friday, March 22, 2013
Downtown residents and visitors will soon be able to grab a cup of joe, locally brewed beer and a fresh sandwich or salad in one convenient spot.
Taylor Berger, partner in YoLo Frozen Yogurt & Gelato, and partners Mitch Buckner (of Bella Café in Pink Palace) and Daniel Flanagan (of Chiwawa, the newly opened Southern-inspired eatery near Overton Square) have signed a lease for 2,755 square feet of retail space in the ground floor of Van Vleet Flats, 122 Gayoso Ave.
3.
Coffee, Beer Bar Slated for Downtown -
Wednesday, March 20, 2013
Downtown residents soon will be able to grab a cup of Joe, locally brewed beer and a fresh sandwich or salad in one fell swoop.
Taylor Berger, partner in YoLo Frozen Yogurt & Gelato, along with partners Mitch Buckner (of Bella Café in Pink Palace) and Daniel Flanagan (of Chiwawa, the newly opened Southern-inspired eatery near Overton Square), have signed a lease for 2,755 square feet of retail space in the ground floor of Van Vleet Flats, 122 Gayoso Ave.
4.
Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -
Saturday, March 09, 2013
Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.
5.
Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -
Wednesday, March 06, 2013
Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.
6.
Fogelman Properties Moves Headquarters to Triad II -
Saturday, March 02, 2013
Memphis-based Fogelman Properties LLC has signed a lease for 12,000 square feet on the second floor of Triad Centre II, an 110,305-square-foot, Class A office building at 6060 Poplar Ave.
7.
State Systems Installs Green Ballast Lighting -
Saturday, March 02, 2013
State Systems Inc., a privately owned total protection company based in Memphis, has installed Green Ballast Inc.’s light ballasts in its corporate headquarters and warehouse facility at 3755 Cherry Road.
8.
Olymbec USA LLC Buys Again in Memphis -
Saturday, March 02, 2013
Olymbec USA LLC has acquired 40,000 square feet of land and three small shed buildings totaling 12,000 square feet at 373 W. Brooks Road through a January auction from the Estate of George E. Smith for $50,600.
9.
Olymbec USA LLC Buys Again in Memphis -
Friday, March 01, 2013
Olymbec USA LLC has acquired 40,000 square feet of land and three small shed buildings totaling 12,000 square feet at 373 W. Brooks Road through a January auction from the Estate of George E. Smith for $50,600.
10.
State Systems Installs Green Ballast Lighting -
Tuesday, February 26, 2013
State Systems Inc., a privately-owned total protection company based in Memphis, has installed Green Ballast Inc.’s light ballasts in its corporate headquarters and warehouse facility at 3755 Cherry Road.
11.
Fogelman Properties Moves Headquarters to Triad II -
Monday, February 25, 2013
Memphis-based Fogelman Properties LLC has signed a lease for 12,000 square feet on the second floor of Triad Centre II, an 110,305-square-foot, Class A office building at 6060 Poplar Ave.
12.
Events -
Saturday, February 23, 2013
Make-A-Wish Mid-South will host Wine for Wishes Thursday, Feb. 28, from 6:30 p.m. to 9:30 p.m. at The Cadre, 149 Monroe Ave. The fundraiser will include food and wine pairings, a silent auction and live music by The Will Tucker Band. Visit midsouth.wish.org.
13.
Breaking the Mold -
Saturday, February 23, 2013
When Rosemarie Fair was named Broker of the Year in investment sales at last year’s Pinnacle Awards, she became the first woman ever to do so.
Before Fair founded One Source Commercial Inc. in 1993, she worked with Carlisle Corp. in the early 1980s on Beale Street Landing Downtown. She remembers often what her mentor Gene Carlisle taught her – “Somebody will take care of the big stuff, it’s the nickels and dimes that make the difference.”
14.
J-Line Pump Growing in Collierville -
Friday, February 22, 2013
A local pumping equipment manufacturer is increasing its presence in the Collierville market.
J-Line Pump Co., doing business as American-Marsh Pumps, bought the 81,260-square-foot warehouse on 12.4 acres at 550 E. South St. for $1.4 million. This will be in addition to the adjoining 110,000-square-foot warehouse at 185 Progress Road the company has occupied since 1999.
15.
Capital Gains Tax Could Hurt Local Real Estate -
Tuesday, February 19, 2013
When investor/developer Phil Woodard sells his warehouse at 138 St. Paul Ave. in the South Main Historic Arts District to nonprofit ArtSpace this year for $850,000, he’ll be handing over $3,500 from his proceeds to the federal government.
16.
Madewell Coming to Saddle Creek -
Friday, February 08, 2013
The Shops of Saddle Creek in Germantown will soon gain another national retailer with no other presence in Tennessee.
Madewell, a subsidiary of J. Crew Group Inc., has signed a 3,061-square-foot lease in The Shops of Saddle Creek North, 7509 Poplar Ave., in part of the space that was previously The Gap in between James Avery Jewelry and Brighton Collectables.
17.
Stonegate Apartments Financed for $3.6 Million -
Tuesday, February 05, 2013
The 208-unit Stonegate Apartments complex in Raleigh has been financed for $3.6 million by its ownership group, an affiliate of New York-based White Eagle Properties.
WE Stonegate LLC filed the five-year loan Jan. 30 for the Class C complex at 4500 Stone Gate Drive, situated on 12.3 acres at the northwest corner of Coleman and Raleigh-Lagrange roads.
18.
Archer-Malmo Grows Again With Lease Expansion -
Friday, February 01, 2013
Archer-malmo has inked an additional 3,000 square feet in the Cotton Exchange Building, bringing its total footprint in the historic 12-story Downtown tower to 41,277 square feet across six floors.
19.
Pinnacle Departure Brings Real Estate Challenge -
Wednesday, January 30, 2013
Pinnacle Airlines Corp.’s relocation of its Memphis headquarters to Minneapolis by May should have long-term leasing effects on the Downtown office market.
20.
CREW Memphis Hosts National Leadership Summit -
Tuesday, January 29, 2013
The 2013 Commercial Real Estate Women Network National Winter Leadership Summit and Council Meeting will take place this week at The Peabody hotel, as women in the industry network, learn more about Memphis and help the local chapter build its brand within the Memphis-area market.
21.
Former Harrah's Headquarters Sells for $4.1 Million -
Saturday, January 26, 2013
The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.
22.
Former Harrah’s Headquarters Sells for $4.1 Million -
Thursday, January 24, 2013
The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.
23.
Former Harrah’s Headquarters Sells for $4.1 Million -
Wednesday, January 23, 2013
The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.
24.
Victory Packaging Relocates to Memphis -
Friday, January 18, 2013
Victory Packaging soon will relocate its entire Southaven branch operation to the Southeast Memphis industrial submarket.
The Houston, Texas-based industrial packaging supplier and distributor inked 158,333 square feet in Shelby Air Park Building 1, 4500 Malone Road. The 475,000-square-foot building also houses Terminal Warehouse Inc.
25.
Bronson Sporting Goods Adopts Green Lighting -
Saturday, January 12, 2013
Tommy Bronson Sporting Goods, a local sporting goods provider for 86 years, has installed Green Ballast Inc.’s patented daylight harvesting fluorescent light ballasts in its new East Memphis location at 964 June Road.
26.
Bronson Sporting Goods Adopts Green Ballast Lighting -
Friday, January 11, 2013
Tommy Bronson Sporting Goods, a local sporting goods provider for 86 years, has installed Green Ballast Inc.’s patented daylight harvesting fluorescent light ballasts in its new East Memphis location at 964 June Road.
27.
Helen of Troy Plans Build-to-Suit -
Thursday, January 10, 2013
Helen of Troy Ltd., a manufacturer and distributor of household products, has finalized plans to build a 1.3 million-square-foot distribution facility in Olive Branch.
The $37 million facility will be constructed on a 77-acre site in the Whispering Woods development on Polk Lane in DeSoto County. CB Richard Ellis Memphis brokers Patrick Burke, Tommy Jackson and Jim Mercer represented Panattoni Development Co. in the land sale and build-to-suit negotiations to Helen of Troy, which closed on Dec. 28.
28.
Avery Park Apartments Sell for $5.2 Million -
Saturday, January 05, 2013
Avery Park, a 231-unit apartment community built in 1971 in Northeast Shelby County, sold on Dec. 19 for $5.2 million, or $22,511 per unit.
Blake Pera and Tommy Bronson III with CB Richard Ellis Memphis’ Memphis Multifamily Division represented California-based US Housing Partners VII in the sale to a Utah buyer.
...29.
Norfolk Southern Increases Activity -
Friday, January 04, 2013
Norfolk, Va.-based Norfolk Southern Corp. expects to continue increasing operations this year at its new Memphis Regional Intermodal Terminal in Rossville, just east of Collierville.
30.
Avery Park Apartments Sell for $5.2 Million -
Wednesday, January 02, 2013
Avery Park, a 231-unit apartment community built in 1971 in Northeast Shelby County, sold on Dec. 19 for $5.2 million, or $22,511 per unit.
Blake Pera and Tommy Bronson III with CB Richard Ellis Memphis’ Memphis Multifamily Division represented California-based US Housing Partners VII in the sale to a buyer out of Utah.
31.
Changing Market -
Wednesday, January 02, 2013
Much of 2012’s commercial real estate deals could be summed up in one of three phrases: speculative construction, institutional buyers and unusual transactions.
The first quarter was kicked off when Industrial Developments International Inc. revealed plans to add one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.
32.
CBRE Memphis Sells $8.7 Million in Apartment Properties -
Saturday, December 29, 2012
Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ Multifamily Division have sold six apartment communities totaling 693 units and $8.7 million in the past two weeks.
33.
Agency Absorption -
Thursday, December 27, 2012
The Downtown Memphis office market has long been one of the more cost-effective of the city’s submarkets when it comes to rental rates, especially when amenities and ambiance are factored into leasing decisions.
34.
Milwaukee Electric Tool Building Bought by Monmouth for $28 Million -
Wednesday, December 26, 2012
Freehold, N.J.-based Monmouth Real Estate Investment Corp. has acquired the Milwaukee Electric Tool Corp. building at 12385 Crossroads Drive in Olive Branch for $28 million.
35.
CBRE Memphis Sells $8.7 Million in Apartment Properties -
Monday, December 24, 2012
Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ Multifamily Division have sold six apartment communities totaling 693 units and $8.7 million in the past two weeks.
36.
Midtown Momentum -
Saturday, December 22, 2012
The Midtown real estate market has long been an anomaly compared to its Bluff City counterparts, with fundamentals as diverse as its demographics.
“The types of real estate that you’ll find in Midtown can be some of the most expensive or some of the most modest when it comes to prices and facility,” said Gary Myers of Gary Myers Co. “Retail in particular.”
37.
Fayette, Marshall Prep for Ambitious Industrial -
Monday, December 17, 2012
With Norfolk Southern Corp.’s Memphis Regional Intermodal Terminal now operational in Rossville and a pair of large-scale industrial manufacturing buildings under way in the area, stakeholders say the future is bright for the region.
38.
Levenger Leases Up EastPark IV -
Friday, December 14, 2012
A Delray Beach, Fla.-based specialty retail company is relocating its Memphis distribution warehouse within the Southeast submarket.
Levenger has inked 96,400 square feet in EastPark Distribution Center IV, 5265 Hickory Hill Road, bringing the 372,800-square-foot building to full occupancy. Levenger also has an operation at 3530 E. Raines Road.
39.
Hickory Hill Warehouse Sells for $15.7 Million -
Tuesday, December 11, 2012
6380 Holmes Road Memphis, TN 38141
Sale Amount: $15.7 million
Sale Date: Dec. 5, 2012
40.
Village of Sycamore Ridge Owner Files $4.3 Million Loan -
Thursday, December 06, 2012
The owner of the Village of Sycamore Ridge – a 114-unit apartment community at 1945 Sycamore View Road near Bartlett – has filed a $4.3 million multifamily deed of trust, absolute assignment of leases and rents and security agreement (including fixture filing) on the property.
41.
Urban Land Institute: Memphis Recovering Slowly, Behind Nashville -
Thursday, December 06, 2012
Memphis’ economy and commercial real estate industry is recovering, but not as fast as other places – like Nashville.
That was the message local professionals heard Tuesday, Dec. 4, at the Urban Land Institute Memphis’ 2013 Real Estate Outlook for the Mid-South.
42.
Local Logistics Firms Expand Medical Real Estate Offerings -
Monday, December 03, 2012
Memphis area industrial brokers are reporting an increase in activity with third-party and proprietary logistics companies involved in distribution of medical/pharma-related product.
During the second half of this year, several local companies have inked new leases that will expand their overall space in the Memphis area, creating new jobs in the process.
43.
Slow and Steady -
Monday, December 03, 2012
The local office market saw little change in the third quarter, and brokers say the fourth quarter will likely yield similar results.
Memphis’ vacancy rate ended the quarter in the mid-14 percent range, the same levels as 2008, according to Colliers International Memphis’ Q3 office report. Vacancy during that period in 2007 was below 12 percent.
44.
I-Bank Grows in Namesake East Memphis Office Tower -
Friday, November 30, 2012
Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.
45.
$3.5 Million McVay Station Begins -
Tuesday, November 27, 2012
Three Class A speculative office buildings have broken ground in Germantown at McVay Road and Poplar Pike.
The $3.5 million development, named McVay Station Professional Center, is by Jason Speed, local developer and contractor whose claim to fame was Corporate Gardens, a $24 million, 148,000-square-foot retail and office park delivered in 2001 on 14 acres at Forest Hill Irene Road and Poplar Pike.
46.
Green Ballast Installs Smart Lighting for Belz -
Tuesday, November 20, 2012
Commercial real estate developer Belz Enterprises is installing vapor tight fluorescent fixtures with Green Ballast Inc.’s light ballasts in a structured parking garage facility in Memphis.
47.
Children’s Heart Foundation Given $15,000 for Relocation -
Friday, November 16, 2012
The International Children’s Heart Foundation was awarded a $15,000 commercial office grant Wednesday, Nov. 14, by the Center City Development Corp. to move its offices from 1750 Madison Ave., suite 500, to Downtown’s Brinkley Plaza, 80 Monroe Ave., suite G-1.
48.
Gen X Inks State’s First Location on Austin Peay -
Friday, November 16, 2012
A trendy Vernon, Calif.-based retailer has inked its first Tennessee location in Austin Peay Plaza.
Gen X Clothing Inc. signed a 35,000-square-foot lease at 3252 Austin Peay Highway. The space was formerly occupied by Big Lots.
49.
Norfolk, CB Richard Ellis Memphis Executives Tout Intermodal Yard -
Friday, November 09, 2012
Norfolk Southern Corp.’s most ambitious intermodal terminal to date, the $105 million, 380-acre Memphis Regional Intermodal Facility in Rossville, is making steady progress toward becoming a driving force for industrial development in Tennessee and Mississippi.
50.
Highpoint Church Buys Briarcrest’s East Memphis Campus -
Friday, November 09, 2012
After seven years of leasing space for its worship services, Highpoint Church has acquired Briarcrest Christian School Systems Inc.’s property at 6000 Briarcrest Ave. for $7.25 million.
51.
Center City Revenue Finance Corp. to Consider Brinkley Plaza Tax Break -
Thursday, November 08, 2012
The Downtown Memphis Commission’s Center City Revenue Finance Corp. (CCRFC) has a full agenda for its Tuesday, Nov. 13, board meeting, with leasing and financing requests for Brinkley Plaza, Toyota Plaza and the Peabody Hotel Tract.
52.
Seminar Underscores Commercial Sectors’ Highs, Lows -
Monday, November 05, 2012
Memphis’ commercial real estate market for the most part appears to mirror national trends, with all four sectors boasting challenges and bright spots so far this year.
That was a message a room full of real estate professionals received when The Daily News hosted its second annual Commercial Real Estate seminar Thursday, Nov.1, at the Memphis Brooks Museum of Art, sponsored by Magna Bank and Evans Petree PC.
53.
CBRE Shares Fall on Weak Third-Quarter Earnings -
Thursday, November 01, 2012
CBRE Group Inc.'s shares fell Wednesday following a disappointing third-quarter earnings report from the real estate services company.
54.
Medical Office Sector Enters Transitional Period -
Monday, October 29, 2012
As the trend for health care mergers intensifies, the city’s medical office market evolves, with some private practices consolidating into hospital systems and others relocating to better serve their patients.
55.
Capital Influx -
Monday, October 29, 2012
Capital is finally being set free in the Memphis industrial market, with opportunities on both the buy and sale side of investment deals.
Nearly $200 million has been spent since June, as public and private institutional buyers alike make large plays.
56.
Brinkley Plaza Sells to Olymbec for $7.2 Million -
Monday, October 29, 2012
Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.
Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.
57.
Brinkley Plaza Sells to Olymbec for $7.2M -
Friday, October 26, 2012
Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.
Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.
58.
J.D. Byrider Brings First Franchise To Memphis -
Friday, October 26, 2012
The nation’s largest used car franchise company has entered the Memphis market. Carmel, Ind.-based J.D. Byrider has inked 30,900 square feet at 2580 Mount Moriah Road, marking the company’s second Tennessee dealership.
59.
Seminar To Tackle Commercial Conditions -
Tuesday, October 23, 2012
While many commercial real estate professionals would like to forget about 2011 altogether, celebrating increases in 2012 is necessary for morale.
Shelby County experienced the most second-quarter sales this year since the second quarter of 2008, and the highest quarterly sales revenue since the second quarter of 2007.
60.
Lease Brings New Breed Footprint to 3 Million Feet -
Friday, October 12, 2012
New Breed Inc. is enhancing its Memphis operations with a new distribution warehouse lease in the Southeast industrial submarket.
61.
Merchandiser Five Below Signs Lease in Olive Branch -
Friday, October 05, 2012
A growing Philadelphia-based value retailer has inked a substantial industrial lease deal in Olive Branch.
Five Below Inc. has leased 605,427 square feet in Hacks Cross Logistics Center Building 1, 9105 Hacks Cross Road.
62.
Harrah's Office Complex to be Auctioned -
Tuesday, October 02, 2012
The former headquarters of Harrah’s Entertainment Inc. in East Memphis is set to be auctioned in November with a minimum bid of $2 million.
63.
Lease Takes Appling Farms to Capacity -
Friday, September 28, 2012
A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.
64.
New Panera Underscores Midtown’s ‘Tipping Point’ -
Tuesday, September 25, 2012
Panera Bread Co. is coming to one of Midtown’s busiest streets following years of site selection in the area.
65.
Snyder’s-Lance Signs Deal In Southaven -
Friday, September 21, 2012
A well-known snack food company has boosted its distribution presence in the Memphis area.
Snyder’s-Lance Inc. signed a 26,757-square-foot lease at Airways Distribution Center Building F, 8425 Airways Blvd., in Southaven.
66.
Kroger Buys Union Space for Expansion -
Friday, September 14, 2012
Kroger has acquired the Belvedere Apartments in Midtown as part of a long-term project to reconfigure the grocery store’s antiquated and challenged layout.
Kroger Delta Division closed Wednesday, Sept. 12, on the 10-story apartment high-rise at 1733 Union Ave. from Belvedere Apartment Inc. The sale includes Belvedere’s attached and front parking areas.
67.
McBroom Joins Indie Memphis as Director of Operations -
Wednesday, September 12, 2012
Mandy McBroom has been named director of operations for Indie Memphis, the first full-time staff member to hold the position. In her new role, she will oversee festival operations, shorts programming, volunteer opportunities and membership growth.
68.
Women Groups to Elevate Business at Seminar -
Wednesday, September 05, 2012
Three years ago, three national women’s organizations began to gather in Memphis with a vision of preparing and excelling women in business.
The third annual “When Great Women Gather” event will be held Wednesday, Sept. 12, at the Holiday Inn University of Memphis, 3700 Central Ave. It is being co-hosted by Commercial Real Estate Women (CREW), the National Association of Women Business Owners (NAWBO), and the Women Business Enterprise Council South (WBEC South).
69.
Daves Quickly Climbing Commercial Real Estate Ranks -
Friday, August 31, 2012
In Bryce Daves’ three years in the commercial real estate business, he’s quickly climbed the ranks to lease some 2 million square feet of property.
The CB Richard Ellis Memphis associate was promoted in March to leasing agent for Bellbrook Industrial Park – a 13-building campus in the southwest Memphis industrial submarket totaling more than 1.6 million square feet spread over 100 acres.
70.
Brown Joins REACH As Vice President -
Wednesday, August 29, 2012
Stephen Brown has joined REACH Human Capital as vice president of business development. In his new role, Brown will assist companies in selecting and training employees.
71.
Work Moves Forward on Midtown’s Chiwawa -
Wednesday, August 29, 2012
Plans are moving forward for Chiwawa, a Southern-inspired Mexican restaurant near Overton Square in Midtown that hopes to open this fall.
A $347,257 permit was recently filed for Chiwawa’s renovations of the two-story, 3,196-square-foot building at 2059 Madison Ave. The space housed Chicago Pizza Factory in the 1980s and has been vacant since.
72.
Market Entrance -
Thursday, August 16, 2012
The quick-service food concept Panda Express has entered the Memphis retail market on the city’s highest-trafficked surface street.
The Chinese restaurant chain will open a 2,665-square-foot new prototype store in Cordova in early September at 577 Germantown Parkway in front of Walmart Supercenter.
73.
Commercial Council Elects deWitt, Reilly as Top Leaders -
Monday, August 13, 2012
The Memphis Area Association of Realtors Commercial Council announced its 2013 officers and directors Thursday, Aug. 9, at its annual Member Appreciation and Election Party.
Greg deWitt of Grubb & Ellis Memphis will serve as 2013 president. Patrick Reilly of CB Richard Ellis Memphis will serve as vice president.
74.
Hinte Expands Role At Second to Nunn -
Wednesday, August 08, 2012
Lowell Hinte has been promoted to account manager and designer at website- and branding-design company Second to Nunn Design. Hinte has served as a designer at S2N since 2009. In his expanded role, Hinte will ensure clients’ expectations are met on key projects regarding strategy, vision, quality and schedule.
75.
EdR Announces Executive Additions -
Wednesday, August 01, 2012
EdR, a Memphis-based developer, owner and manager of collegiate housing, has announced the addition of several key executives: Scott Barton, vice president of acquisitions; Liz Keough, vice president and general counsel; Randy Simpson, vice president of information technology; and James Kenner, director of interior design.
76.
Denver REIT Buys Industrial Portfolio for $24M -
Wednesday, July 18, 2012
Denver-based Industrial Income Trust Inc. has bought an 890,000-square-foot industrial portfolio in Southeast Memphis from CRP Holdings B LP for $24.3 million. The purchase, recorded under the entity IIT Memphis IC LLC on the Shelby County Register of Deeds, includes various lots in Memphis Distribution Center.
77.
Teleflex Lease Marks Largest In Two Years -
Tuesday, July 17, 2012
Medical device company Teleflex Inc. has inked a substantial lease in DeSoto County, continuing to reduce the availability of Class A bulk inventory in the local industrial market.
78.
StyleCraft Signs Lease At Airways Building E -
Friday, July 13, 2012
Home decor company StyleCraft Home Collection Inc. has signed a 167,600-square-foot lease at Industrial Developments International’s Airways Distribution Center Building E.
79.
Alliance Helps Businesses Implement Green Practices -
Thursday, July 12, 2012
A public-private partnership called Team Green Zone, spearheaded by the Bartlett Area Chamber, is helping Mid-South businesses implement long-term sustainable practices to protect the environment while helping businesses boost their bottom lines.
80.
Hillwood Buys Pilot Drive Warehouse -
Friday, July 06, 2012
Hillwood Investment Properties has purchased the 605,000-square-foot warehouse at 4221 Pilot Drive in Southeast Memphis for $7.5 million from Addison, Texas-based MM Industrial Memphis LLC.
81.
Aren Buys SE Memphis Warehouse For $1.3M -
Friday, June 22, 2012
Trane U.S. Inc. has sold its parts distribution center in Southeast Memphis for $1.3 million.
Aren Investments LLC of Memphis acquired the 99,375-square-foot distribution warehouse at 4250 Concord Road. The company, which used a 1450 Massey Road address on the Shelby County Register of Deeds, financed the purchase with an $800,000 loan through BancorpSouth Bank. Igal Elfezouaty signed the trust deed as managing member of Aren.
82.
Additional Board Members Named at LaunchYourCity -
Thursday, June 21, 2012
LaunchYourCity Inc. has announced new board members.
They are Kevin Adams, CEO, CB Richard Ellis Memphis; Darrell Cobbins, CEO, Universal Commercial; and social entrepreneur Chris Williams.
83.
Exeter Closes On Acquisition Of ProLogis Properties -
Friday, June 15, 2012
Pennsylvania-based Exeter Property Group has closed on its acquisition of 10 Memphis-area industrial buildings for $40 million from San Francisco-based ProLogis Inc.
84.
Commercial Advisors Hires, Promotes Associates at Firm -
Tuesday, June 12, 2012
Cushman & Wakefield/Commercial Advisors Asset Services LLC has promoted Phil Dagastino to senior vice president of office leasing. Dagastino has been with the firm since January 2008.
85.
CEVA Logistics Renews in Southeast Memphis -
Monday, June 11, 2012
CEVA Logistics U.S. Inc. renewed a 648,750-square-foot lease at 5166 Pleasant Hill Road in Southeast Memphis.
86.
Tax Factor -
Monday, June 11, 2012
A few months ago, Memphis Mayor A C Wharton Jr. was recounting to an audience of businessmen a recent breakfast he’d had with a site location agent.
That agent had a client out of California looking at sites in the Memphis area for a project. The location agent had drawn up what the financials for the project might look like – and it included $25,000 in attorney’s fees.
87.
Fla. Company Buys Cordova Retail Center -
Friday, June 08, 2012
Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.
88.
Commercial Advisors Lists Former Hamilton Beach Site -
Thursday, June 07, 2012
Cushman & Wakefield/Commercial Advisors LLC has been awarded listing and management of the 900,000-square-foot industrial space at 5461 Davidson Road, the largest vacancy in the Memphis market.
89.
Commercial Advisors Awarded Industrial Listing -
Wednesday, June 06, 2012
Cushman & Wakefield/Commercial Advisors Asset Services LLC has been awarded listing and management of the 900,000-square-foot industrial space at 5461 Davidson Road, the largest vacancy in the Memphis market.
90.
DRA Advisors Closes on Two Shelby Drive Warehouses -
Friday, June 01, 2012
New York-based DRA Advisors LLC has closed on two Memphis warehouse properties for $12.3 million, as part of a larger portfolio purchase from Houston-based Weingarten Realty Investors.
91.
Colliers Duo Has Stellar Start to ’12 -
Friday, June 01, 2012
Colliers International’s industrial team of Andy Cates and Preston Thomas has closed on 34 transactions (sales and leases) to date in 2012. Here’s a rundown of some of the team’s most recent industrial transactions:
92.
Commercial Advisors Grows CRE Portfolio -
Thursday, May 31, 2012
Cushman & Wakefield/Commercial Advisors Asset Services LLC is on a roll, picking up various leasing and management assignments that have brought its office and industrial involvement to 17.8 million square feet.
93.
FDIC Signs Lease In Lakecrest -
Friday, May 25, 2012
Federal Deposit Insurance Corp. has inked a substantial lease in Lakecrest III, marking the market’s largest office lease signing this year.
94.
Georgia 3PL Growing Its Area Footprint -
Friday, May 18, 2012
A Savannah, Ga.-based third-party logistics firm is seeing rapid expansion in the Southeast Memphis industrial market after its local entrance less than a year ago.
Coastal Logistics Group Inc. has signed a 50,000-square-foot lease extension at 5715 Distribution Drive, bringing its Memphis footprint to 100,000 square feet. The company inked its initial 50,000-square-foot warehouse lease in June.
95.
Essex Signs Two Leases For Discount Store Locales -
Friday, May 11, 2012
A Nashville-based discount retailer has entered the Memphis market in full force, inking two leases totaling 77,301 square feet.
Essex Bargain Hunt has leased 35,767 square feet at 590 N. Germantown Parkway and 41,534 square feet at 5124 Summer Ave. Kemp Conrad and Neely Mallory IV of Cushman & Wakefield/Commercial Advisors LLC represented the tenant in both transactions.
96.
New Owner For Bartlett Car Wash Property -
Friday, May 04, 2012
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.
97.
Office Opportunities -
Thursday, May 03, 2012
Memphis’ office real estate landscape is changing, and for three firms, those changes are creating opportunities.
Orlando, Fla.-based Parkway Properties Inc. in March completed the sale of its interest in Renaissance Center – a 190,000-square-foot office building at 1715 Aaron Brenner Drive in the Poplar Avenue corridor – to partner Parkway Properties Office Fund LP.
98.
CBRE Promotes Four Brokers -
Tuesday, May 01, 2012
Four of CB Richard Ellis Memphis’ brokerage professionals received promotions last week – Patrick Burke, Alex Turley, Brad Murchison and Bobby Daush.
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Berger Working on Food Truck Alliance -
Friday, April 27, 2012
As if owning and operating the city’s fastest growing self-serve frozen yogurt business isn’t enough, Taylor Berger is about to add two more hospitality titles to his resume.
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Conn.-Based XSE Group Inks Deal -
Friday, April 27, 2012
A Middletown, Conn.-based office supply printing company has entered the local industrial scene, taking advantage of Memphis’ centralized logistical capabilities.
XSE Group Inc. has leased 40,214 square feet in Building 14 of Airport Distribution Center, 4006 Airpark St., owned by San Francisco-based ProLogis Inc.