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Editorial Results (free)

1. Commercial Real Estate Sales Up 6.1 Percent In March -

Shelby County recorded 208 commercial real estate sales in the first quarter, according to real estate information company Chandler Reports, www.chandlerreports.com.

2. Loeb Midtown Center Now Fully Leased -

Loeb Properties’ Belvedere Collection on Union Avenue in Midtown is 100 percent leased.

Agilitas USA Inc., operating as Results Physiotherapy, signed a new lease for 2,280 square feet in Suites 105-106 at the retail strip center.

3. Pahlow Wins Broker of the Year -

After enduring early struggles in his commercial real estate career, Scott Pahlow has reached the top of his industry.

Pahlow, an executive vice president with Newmark Grubb Memphis, was named Commercial Broker of the Year Thursday night at the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards gala.

4. Restivo Group Moves to New Midtown Digs -

The Restivo Group Realtors has expanded into new offices at 1861 Madison Ave. in the landmark Gilmore Building.

5. Tripp Logistics Renews Nonconnah Corporate Center Lease -

Shawn Glemser, founder and owner of Tripp Logistics, a locally owned and operated logistics and transportation company, has renewed his lease at Nonconnah Corporate Center. Elliot Embry and Hank Martin of NAI Saig Co. represented the landlord, Nonconnah Holdings LLC.

6. CB Richard Ellis Brokers Four Multifamily Sales -

The multifamily group at CB Richard Ellis Memphis has closed on the sale of four properties in the Memphis market over the last several weeks.

Briar Club Apartments, a 272-unit apartment community constructed in 1985, sold for $8.7 million, or $32,093 per unit. Cinnamon Trails Apartments, a 208-unit apartment community constructed in 1989, sold for $8.6 million, or $41,461 per unit. respectively. CBRE Memphis represented the sellers, Briar Apartments LLC and Cinnamon Apartments LLC in the sale to New York based Briar Club LLC and Cinnamon Trail LLC.

7. Shelby County CRE Sales Up 14 Percent in February -

Shelby County recorded 49 commercial real estate sales in February, according to real estate information company Chandler Reports, www.chandlerreports.com.

8. Sunny Side Up -

WHAT’S FOR BREAKFAST? I’m skeptical of city pep rallies because they tend to be more about the pep than any solutions worth rallying around, the cheerleading more cheering than leading. I’m also skeptical of anyone who’s particularly peppy first thing in the morning.

9. Lakecrest II Sells for $4.6 Million -

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.

10. Buzz Around Spec Office Space Starts to Swirl -

International Paper Co.’s new office tower in East Memphis is under construction now, but it’s been four years since the last speculative office building opened its doors in Memphis.

11. MalmoMemphis Completes Three Law Firm Leases -

Three Memphis law firms represented by MalmoMemphis Real Estate Inc. have renewed their office leases or leased new spaces.

12. German Eatery Slated for Overton Square -

Overton Square will be getting an international flavor with the addition of a German-themed restaurant in the space formerly occupied by Paulette’s.

Chef David Scott Walker has signed a lease to open Schweinehaus, a restaurant that will feature servers decked out in traditional Germanic dress and communal, handmade wood tables found in many German beer halls, at 2110 Madison Ave.

13. Women Prove Mettle in Tough CRE Industry -

When Rosemarie Fair first entered the world of commercial real estate in the early 1980s, it was still a largely male-dominated profession and she felt the biting sting of disrespect.

“When you’re in property management as a female and you’re developing a Downtown mixed-use project, when you walked into a construction site the contractors and subcontractors just assumed here comes the owner’s wife, or the secretary,” said Fair, owner of One Source Commercial Inc. “The old adage back then was you had to work twice as hard to be thought of half as much and back then it was absolutely true. I had to start below zero and prove myself. And I did, and I was successful.”

14. Walker Avenue Remake -

The former Mason YMCA on Walker Avenue near the University of Memphis is getting a new look. The redevelopment of the 11,500-square-foot property is underway and should be complete by the end of the year.

15. RBCC Law Firm Moving to iBank Tower -

The law firm of Rogers, Berry, Chesney & Cannon PLLC, owner of 1713 Kirby Parkway since 2006, recently sold its office building and will relocate to the iBank building on Poplar Avenue in East Memphis.

16. MAAR to Hold Commercial Forecast Summit Feb. 12 -

Commercial real estate experts will share their insights this week on what to expect nationally and locally in 2014.

The Memphis Area Association of Realtors’ Commercial Council will host the 2014 Commercial Property Forecast Summit Wednesday, Feb. 12.

17. FedExForum Area Targeted for Apartments -

Nashville-based Elmington Capital Partners apparently likes the apartment market in Downtown Memphis.

An Elmington-affiliated company plans on building a 64-unit apartment complex at 362 S. Second St., south of FedExForum.

18. Legacy Wealth Management Grows Staff, Relocates -

Legacy Wealth Management is starting 2014 with a handful of new faces and a move to a new office soon.

New additions to the ranks at Legacy include Brent Westbrook, who’s joined the firm as managing director of business development and client service. He came to Legacy from Argent Financial Group and will be working to introduce Legacy’s services to individuals, families and business-sponsored retirement plans.

19. Office Occupancy Ends 2013 on High Note -

An unusually strong fourth quarter helped push the overall Memphis office market occupancy rate into positive territory for 2013, according to year-end commercial real estate market reports.

The Memphis market recorded absorption of 225,338 square feet in the fourth quarter – the largest positive absorption the market has experienced during any quarter in more than 10 years – to end the year with positive net absorption of 40,558 square feet, according to CB Richard Ellis Memphis.

20. Empowering Programs -

On a recent Thursday night in January, 10 young girls enjoyed assorted cheeses, crab cakes, fruits and desserts at Napa Café in East Memphis.

While the girls, all members of Girls Inc. of Memphis, loved the food, it was their discussions with female employees from CB Richard Ellis Memphis that nourished their imaginations and ambitions.

21. Full Steam Ahead -

A burgeoning distribution and logistics market for the Mid-South is taking root in the rich Delta soil in Marshall County, Miss., and Fayette County, Tenn.

Industrial developers and their tenants, lured by the availability of large tracts of land, major infrastructure enhancements, a new intermodal facility and friendly, focused public policy, are increasingly targeting the area.

22. Full Steam Ahead -

A burgeoning distribution and logistics market for the Mid-South is taking root in the rich Delta soil in Marshall County, Miss., and Fayette County, Tenn.

Industrial developers and their tenants, lured by the availability of large tracts of land, major infrastructure enhancements, a new intermodal facility and friendly, focused public policy, are increasingly targeting the area.

23. Call Center ‘Gratifying’ for Local Office Sector -

Conduit Global’s announcement this week that it is locating a call center in Shelby County that will employ 1,000 people was a breath of fresh air for local office real estate professionals.

24. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

25. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

26. KBM Group Growing at Clark Tower -

A digital marketing agency is expanding at Clark Tower in East Memphis.

KBM Group, which is part of Wunderman/WPP, one of the world’s largest marketers, is expanding at Clark Tower less than a year after moving into the East Memphis office building, 5100 Poplar Ave.

27. Wright Signs Lease for East Memphis Headquarters -

After months of planning, Wright Medical Group Inc. has signed the lease for its new headquarters and is in the process of moving to the wooded office campus at Park Avenue and Cherry Road in East Memphis.

28. Industrial Uptick Seen in Outer Counties -

The Memphis industrial market saw the return of speculative development in 2013 and an uptick in tenants seeking blocks of 500,000 square feet or more.

After suffering through a prolonged slump in industrial construction activity following the economic collapse and resulting recession, industrial development outside of Shelby County in the Memphis market roared back to life in 2013.

29. Bright Spot -

The Memphis multifamily market turned in a strong performance during 2013, with enhanced investor interest and new units under construction.

Blake Pera, senior vice president of CB Richard Ellis Memphis’ multifamily division, classified the multifamily market in 2013 as healthy and continuing to improve.

30. MRG Sees Flurry of Activity at Marion Center -

In 2008, Memphis-based Makowsky Ringel Greenberg LLC developed The Shops of Angelos Grove retail center in Marion, Ark.

31. ‘Growth Mode’ -

The fun, quirky vibe found at Memphis-based Web design company RocketFuel is readily apparent via things like remote-controlled helicopter jousting sessions between employees, and life-sized cutouts of figures like Spock in the office.

32. Leases Push Renaissance Center Near Capacity -

The Renaissance Center office building in East Memphis should be near capacity early next year, following a series of recent lease signings.

Financial Federal signed a lease on Tuesday, Nov. 20, to occupy 27,000 square feet on the first and second floors of the Renaissance Center, 1715 Aaron Brenner Drive. In addition to the new location, the growing financial firm will have signage atop the East Memphis office building along Poplar Avenue east of Interstate 240.

33. Financial Federal Moving to Renaissance Center -

Financial Federal is moving into 27,000 square feet on the first and second floors of the Renaissance Center at 1715 Aaron Brenner Drive.

34. Legacy Wealth Management to Relocate Office -

Legacy Wealth Management Inc. is moving to the Renaissance Center.

The financial planning and portfolio management firm will take approximately 7,500 square feet in the building located at 1715 Aaron Brenner Dr., relocating from its current office at Atrium I.

35. Olymbec Acquires 13-Building Bellbrook -

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

36. Olymbec Acquires Bellbrook Industrial Park -

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

37. Commercial Real Estate Market Reawakens -

After suffering through a prolonged slump, the Memphis commercial real estate market this year began to shake off the rust that gathered during the “Great Recession,” and brighter days could be ahead for the prime markets in the apartment, retail, office and industrial sectors, according to local experts.

38. Events -

The Memphis Light, Gas and Water Division board will meet Thursday, Nov. 7, at 1:30 p.m. in the MLGW board room, 220 S. Main St. Visit mlgw.com.

39. Events -

Memphis Rotary Club will meet Tuesday, Nov. 5, at noon at the University Club of Memphis, 1346 Central Ave. Peter Letsou, dean of the University of Memphis Cecil C. Humphreys School of Law, will speak. Cost for nonmembers is $18. RSVP to Taylor Hughes at taylor@memphisrotary.org.

40. Events -

The Orpheum Theatre will present “West Side Story” Tuesday, Nov. 5, through Sunday, Nov. 10, at the theater, 203 S. Main St. Visit orpheum-memphis.com or call 525-3000 for showtimes and tickets.

41. ‘Pro-Business’ -

The explosive population growth and business-friendly environment in DeSoto County have combined to transform its formerly sleepy suburbs into thriving retail and industrial development centers.

Today, Goodman Road looks more and more like a busy commercial strip in Memphis, and DeSoto County has become the favored location for large industrial developers.

42. ‘Pro-Business Environment’ -

The explosive population growth and business-friendly environment in DeSoto County have combined to transform its formerly sleepy suburbs into thriving retail and industrial development centers.

Today, Goodman Road looks more and more like a busy commercial strip in Memphis, and DeSoto County has become the favored location for large industrial developers.

43. Apartment, Retail Markets Holding Steady -

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

44. Panattoni’s Speculative Warehouse Underway -

In industrial development news, construction on Panattoni Development Co.’s speculative industrial building in Marshall County, Miss., is progressing.

45. Airport Center Signs Two New Tenants -

Memphis International Airport Center in Southeast Memphis has recently experienced positive leasing activity.

Lansing Building Products, a major supplier of building products such as siding, windows, gutters, trims, railings, columns and stone, renewed its 24,524-square-foot lease at 3510 Winchester Road.

46. Weddle-West Voted GRE Board Chair-Elect -

Dr. Karen Weddle-West, dean of the graduate school, vice provost for academic affairs and director of diversity initiatives at the University of Memphis, has been voted chair-elect of the GRE (Graduate Record Examination) Board. The national board establishes all policies for the GRE program, the most widely used graduate-school admissions test, and oversees GRE assessments, services and research.

47. Rock’n Dough Pizza Opening in Jackson -

The little Memphis pizzeria that could will soon be opening a new location in Jackson, Tenn.

The Rock’n Dough Pizza Co., owned by Jeremy and Amanda Denno, is slated to open a new restaurant and microbrewery at the Jackson Walk development in Jackson in October. The Dennos will team up with veteran local brewer Ben Pugh to create signature suds at the 4,100-square-foot restaurant.

48. CREW Memphis Hosts State of the Market Report -

The Memphis chapter of Commercial Real Estate Women will host a lunch meeting Sept. 19 on the state of the local commercial real estate market.

Experts from CB Richard Ellis Memphis, an affiliate of CBRE Inc., will highlight the market for office, industrial and retail space, as well as investment properties. The State of the Market Report is sponsored by The Daily News and CBRE Memphis.

49. CREW Memphis Hosts State of the Market Report -

The Memphis chapter of Commercial Real Estate Women will host a lunch meeting Sept. 19 on the state of the local commercial real estate market.

Experts from CB Richard Ellis Memphis, an affiliate of CBRE Inc., will highlight the market for office, industrial and retail space, as well as investment properties. The State of the Market Report is sponsored by The Daily News and CBRE Memphis.

50. Sharp Wears Many Hats at CBRE Memphis -

CB Richard Ellis Memphis’ Mary Sharp never has a dull day as the chief operating officer and head of the company’s Asset Services division.

51. Boyle Sells More Lots at Spring Creek Ranch -

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.

52. Midtown Mix -

Go by Overton Square during lunch or at night, and the place is usually overflowing with visitors – some who want lunch, dinner or a libation, and some who come just to enjoy the simple pleasure of people-watching.

53. Former Theater Site Heads to Auction Block -

The Internal Revenue Service is auctioning a Midtown building with an interesting history.

On Friday, Aug. 9, at the Shelby County Courthouse, the IRS will auction the building and a vacant lot at 319 Dr. M. L. King Jr. Drive and 323 Dr. M. L. King Jr. Drive. The minimum bid the IRS is seeking is $12,356. The IRS seized the building for nonpayment of IRS taxes due from Faith Village.

54. Bumper Crop -

Unless you see the signs, it is hard to tell when you have crossed the Tennessee-Mississippi state line where Fayette County, Tenn., meets Marshall County, Miss., not too far from the southern city limits of Collierville.

55. Village on the Pike Sells for $2.1 Million -

The Village on the Pike retail center at 2974 Covington Pike in Raleigh has sold for $2.1 million.

56. Loeb Enjoying Strong Demand in East Memphis -

Pomp & Poise, a new gift store concept specializing in home and garden items, has signed a new lease at Park Place Center.

Pomp and Poise will occupy 1,400 square feet at the East Memphis retail center at the southwest corner of Park Avenue and Ridgeway Road.

57. Rightful Owner -

Ever since he was a child, Brad Martin, chairman of private investment firm RBM Venture Co. and retired chairman and CEO of Saks Inc., was attracted to the large wooded property at 1023 Cherry Road near Park Avenue in East Memphis.

58. Mud Island Apartments Sell for $43.6 Million -

A large apartment community on Mud Island has sold for $43.6 million. Riverset, a 500-unit apartment community constructed in 1988 and 1990, sold on May 31 for $43.6 million, or $87,200 per unit.

Blake Pera and Tommy Bronson III with CB Richard Ellis’ Memphis multifamily division represented the seller, Auction Street Associates LP, in the sale to TMF II Riverset LLC.

59. Government Largesse -

These days, it seems like office real estate brokers are fighting tooth and nail to find office space for government tenants.

While office brokers are typically chasing new business to town or urging existing firms to grow, they’re now looking for office space for government agencies, which have emerged as prominent players in the local office real estate sector.

60. Mud Island Apartments Sell for $43.6 Million -

A large apartment community on Mud Island has sold for $43.6 million. Riverset, a 500-unit apartment community constructed in 1988 and 1990, sold on May 31 for $43.6 million, or $87,200 per unit.

Blake Pera and Tommy Bronson III with CB Richard Ellis’ Memphis multifamily division represented the seller, Auction Street Associates LP, in the sale to TMF II Riverset LLC.

61. Cozymel's Property Comes Down -

The first financial ripples from International Paper Co.’s decision to build a fourth tower at its East Memphis campus are seeping out.

62. Optimism Returns to Industrial Market -

Following the bloody recession and its brutal aftermath, one word has begun to creep back into the local industrial real estate lexicon: optimism.

“I wouldn’t say we’re out of the woods yet but there’s a bunch of positive momentum out there,” said Jim Mercer, executive vice president of brokerage services at CB Richard Ellis Memphis. “People are cautiously optimistic.

63. Commercial Practitioners Have Voice With Council -

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.

64. Coffee, Beer Bar Coming Downtown -

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.

65. Coffee, Beer Bar Slated for Downtown -

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.

66. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

67. Olymbec Files $5.5 Million Mortgage on Brinkley Plaza -

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, has filed a $5.45 million mortgage on Brinkley Plaza in Downtown Memphis.

68. Fogelman Properties Moves Headquarters to Triad II -

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.

69. State Systems Installs Green Ballast Lighting -

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.

70. Olymbec USA LLC Buys Again in Memphis -

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.

71. Olymbec USA LLC Buys Again in Memphis -

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.

72. State Systems Installs Green Ballast Lighting -

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.

73. Fogelman Properties Moves Headquarters to Triad II -

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.

74. Breaking the Mold -

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.”

75. J-Line Pump Growing in Collierville -

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.

76. Capital Gains Tax Could Hurt Local Real Estate -

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.

77. Madewell Coming to Saddle Creek -

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.

78. Stonegate Apartments Financed for $3.6 Million -

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.

79. Archer-Malmo Grows Again With Lease Expansion -

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.

80. Pinnacle Departure Brings Real Estate Challenge -

Pinnacle Airlines Corp.’s relocation of its Memphis headquarters to Minneapolis by May should have long-term leasing effects on the Downtown office market.

81. CREW Memphis Hosts National Leadership Summit -

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.

82. Former Harrah's Headquarters Sells for $4.1 Million -

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

83. Former Harrah’s Headquarters Sells for $4.1 Million -

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

84. Former Harrah’s Headquarters Sells for $4.1 Million -

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

85. Victory Packaging Relocates to Memphis -

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.

86. Bronson Sporting Goods Adopts Green Lighting -

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.

87. Bronson Sporting Goods Adopts Green Ballast Lighting -

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.

88. Helen of Troy Plans Build-to-Suit -

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.

89. Avery Park Apartments Sell for $5.2 Million -

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.

...

90. Norfolk Southern Increases Activity -

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.

91. Avery Park Apartments Sell for $5.2 Million -

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.

92. Changing Market -

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.

93. CBRE Memphis Sells $8.7 Million in Apartment Properties -

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.

94. Agency Absorption -

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.

95. Milwaukee Electric Tool Building Bought by Monmouth for $28 Million -

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.

96. CBRE Memphis Sells $8.7 Million in Apartment Properties -

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.

97. Midtown Momentum -

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.”

98. Fayette, Marshall Prep for Ambitious Industrial -

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.

99. Levenger Leases Up EastPark IV -

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.

100. Hickory Hill Warehouse Sells for $15.7 Million -

6380 Holmes Road Memphis, TN 38141

Sale Amount: $15.7 million

Sale Date: Dec. 5, 2012