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Editorial Results (free)

1. Medical Office Facility Sells for $5.9 Million -

7865 Educators Lane
Memphis, TN 38133
Sale Amount: $5.9 million

Sale Date: Sept. 26, 2013
Buyer: GA HC REIT II Bartlett TN MOB LLC
Seller: APD Investments LLC, Robert S. Biscan, The Colony Group LP and Amir H. Mehrabi
Details: An affiliate of Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has paid $5.9 million for the medical office building at 7865 Educators Lane in Northeast Memphis.

2. Washington Company Buys Union Applebee’s -

An Olympia, Wash.-based company has paid $2.8 million for the Applebee’s Neighborhood Grill and Bar at 2114 Union Ave. in Midtown.

3. Bartlett Applebee’s Sells to Arizona Investment Company -

2890 Bartlett Blvd.
Bartlett, TN 38134
Sale Amount: $1.9 Million

Sale Date: Oct. 8, 2010
Buyer: Cole AP Bartlett TN LLC
Seller: DBAPPLEF LLC

4. Bartlett Applebee's Sells for $1.9 Million -

The Applebee’s Neighborhood Grill and Bar at 2890 Bartlett Blvd. in Bartlett has sold for $1.9 million to Cole AP Bartlett TN LLC, an entity related to Phoenix-base Cole Real Estate Investments.

5. Cotton Leads April’s Slow CRE Numbers -

Cotton was king of commercial real estate in April as transactions involving three merchants – a pair of longtime Memphis companies and one area newcomer – represented two of the month’s top sales.

6. Memphis College of Art Files Permit for South Main Building Renovation -

477 S. Main St.
Memphis, TN 38103
Permit Amount: $2.2 Million

Project Cost: $3 million
Permit Date: Applied April 2010
Completion: Fall 2010 (Phase I)
Owner: Memphis College of Art
Tenant: Memphis College of Art
Contractor: Montgomery Martin Contractors LLC
Architect: Askew Nixon Ferguson Architects

7. Arizona Company Buys Midtown Applebee’s -

Phoenix-based Cole Real Estate Investments has paid $2.1 million for the Applebee’s Neighborhood Grill and Bar at 2114 Union Ave. in Midtown.

8. IHOP Slated For Old Applebee’s in Cordova -

The former Applebee’s restaurant at 1106 N. Germantown Parkway in Cordova has sold for $1.3 million in a special warranty deed to an entity called Hotcakes Cordova Venture LLC, which will redevelop the building into an International House of Pancakes. The deal closed April 2.

9. Mercedes Benz of Memphis To Renovate Dealership -

5389 Poplar Ave.
Memphis, TN 38119
Permit Cost: $2 million

Project Cost: $3 million
Permit Date: July 24, 2008
Completion: Spring 2009
Owner: Mercedes Benz of Memphis
Tenant: Mercedes Benz of Memphis
Architect: Fleming and Associates LLP
Contractor: Montgomery Martin Contractors LLC
Details: Mercedes Benz of Memphis will do a renovation of its location on Poplar Avenue just east of Estate Drive. Richard Meena, vice president of Montgomery Martin Contractors, said they will be adding a new showroom and a new car wash, as well as performing general site work improvements, including some additions to the parking lot.

10. Applebee’s Restaurants Sells Two Memphis Area Locations -

Applebee’s Restaurants West LLC has sold two locations currently occupied by Applebee’s Neighborhood Bar & Grills to DBAPPLEF LLC. The property at 2114 Union Ave. sold for $2.4 million, and the property at 2890 Bartlett Blvd. sold for $1.8 million. Both sale deeds were dated July 18.