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Editorial Results (free)

1. Harold Ford Funeral Home Files Construction Loan -

1670 Sycamore View Road
Memphis, TN 38134
Loan Amount: $2.6 million

Loan Date: Sept. 4, 2014
Maturity Date: N/A
Borrower: Harold Ford Sycamore View LLC and Serenity Columbarium and Memorial Gardens LLC
Lender: Regions Bank
Details: The Harold Ford Funeral Chapel at 1670 Sycamore View Road in Northeast Memphis has filed a $2.6 million construction loan on the property.

2. New Owner Files Loan on Dexter Road BP -

The new owner of the BP gas station and convenience store at 7469 Dexter Road in unincorporated Northeast Shelby County near Cordova has filed a $1.4 million loan on the property.

3. Pain Treatment Center to Open Second Locale -

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. Indmar Marine Engines Files Expansion Permit -

5400 Old Millington Road
Unincorporated Shelby County
Permit Cost: $2 million

5. Memphis Multifamily Sector on Firm Ground -

It was 2008 and Memphis-based Makowsky Ringel Greenberg had just acquired a swath of property inside Boyle Investment Co.’s master planned Schilling Farms community in Collierville for a new multifamily development.

6. Bull Market -

From his office on the 21st floor of the Raymond James tower Downtown, John C. Carson Jr. has a sweeping view of the Mississippi River as it rolls by the Bluff City.

7. Less-Frenzied House Hunting in Williamson County -

This past week, Realtor Stephanie Tipton Soper had two out-of-town families relocating to Nashville. Both were in search of homes in Williamson County.

Disclosure being the better part of valor, Stephanie is my real estate partner at Christianson, Patterson, Courtney and Associates. With my wife Beth and our twins vacationing in London, Stephanie was the only real estate agent from whom I can draw immediate, deadline-ready data and information, so here she is.

8. Roast of the Town -

If you catch Jimmy Lewis these days and get him talking about coffee roasting, chances are he might never stop.

9. LYFE Kitchen Moving to Memphis -

LYFE Kitchen, a unique California-based restaurant concept, will move its headquarters to Memphis and open two locations – one in Downtown and another in East Memphis.

Palo Alto, Calif.-based LYFE, which stands for Love Your Food Everyday, will open a restaurant in the former Sharky’s Gulf Grill location at 6201 Poplar Ave. and another inside Downtown’s Chisca Hotel, now under construction.

10. Midtown Corner Could See Turnaround -

While Midtown as a whole is experiencing a resurgence, two properties at the key intersection of Union Avenue and McLean Boulevard remain vacant, decaying eyesores.

But a real estate agent representing the owner of the vacant office building and hotel at the southwest corner of Union and McLean says both properties are under contract to be sold.

11. Springing to Life -

When Ridgeland, Miss.-based development firm the Bryan Co. broke ground on The Horizon condominium tower in 2007, it was at the peak of the housing bubble and optimism from elected officials and Downtown boosters was equally high.

12. D. Canale Affiliate Buys Property for Distillery -

301 S. Front St.
Memphis, TN 38103
Sale Amount: $785,000

Sale Date: July 10, 2014
Buyer: Dominick Properties LLC
Seller: 301 South Front Street GP

13. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

14. French Fort Plan Calls for $150 Million Development -

What would begin as 67 apartments in the former U.S. Marine Hospital and nurses’ quarters on the northern edge of the French Fort neighborhood would grow in phases to a $150 million development south of E.H. Crump Boulevard, according to a plan unveiled over the weekend.

15. Citigroup to Pay $7 Billion in Subprime Mortgages Probe -

WASHINGTON (AP) – Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.

16. We’re All Invited -

MEMPHIS, SERVED IN THE SHELL. Following up last week’s column, this from a reader:

“We have no civic pride, half the population is intent on killing as many as they can and the other part lives behind walls or gates. There was a time in the fifties when you could leave your front door unlocked and keys in the car.”

17. After the Flood -

When the flood water and debris from Nonconnah Creek receded last week from the Wheel Estate Mobile Home Park on East Brooks Road, it exposed a set of familiar issues for such properties in Memphis.

18. Malone Center Owner Files $4.1 Million Loan -

The owner of the 23.7-acre Malone Distribution Center near the intersection of East Raines Road and Lamar Avenue in Oakhaven has filed a $4.1 million loan on the industrial property.

Cobalt Industrial REIT II filed the deed of trust with absolute assignment of leases and rents, security agreement and fixture filing July 1 through Wells Fargo Bank NA. The deed encompasses parcels at 4366 Malone Road, 4406 Malone and 4436 Malone.

19. ‘Significant Headwinds’ -

When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.

20. Park Progress -

Shelby Farms Park has always seemed, in a way, like Memphis’ 4,500-acre backyard.

Venture to the park on any given day, and what’s liable to greet you is a cross section of Memphis that presents itself amid the park’s rolling hills, pastures, trails and lakes.

21. Hollingsworth Buys Mississippi Industrial Property -

The Hollingsworth Cos., which operates a prominent industrial development company with holdings across the South, has acquired an industrial building in Senatobia, Miss.

Clinton, Tenn.-based Hollingsworth recently acquired the 198,450-square-foot building at 795 Shands Bottom Road in Senatobia from BMW.

22. Raymond James Recommits to Downtown -

Raymond James is extending its commitment to Downtown Memphis, where the investment firm will remain a key part of the city’s skyline for at least another decade.

The firm has reached a deal with Parkway Properties to extend its lease on the Raymond James Tower at 50 N. Front St. until March of 2024.

23. New Nonprofit Charts Role in Blight Fight -

The bulldozer went straight for the leasing office of the former Spanish Oaks apartments on Cazassa Road near Memphis International Airport.

Meanwhile another bulldozer across the two-lane road was deep into demolishing a set of buildings in the old Winchester Park apartments.

24. Gestalt Schools Signs Lease in Hickory Hill -

A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.

Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.

25. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

26. Aren Investments Buys Winchester Haverty’s -

Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

27. 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.

28. Graceland Hotel Passes Crucial Hurdle -

A new hotel near Graceland has passed a key regulatory hurdle.

The Memphis-Shelby County Land Use Control Board approved a proposal from Elvis Presley Enterprises to build a 450-room hotel on the same side of Elvis Presley Boulevard as the historic Graceland mansion, one of the city’s top tourism sites.

29. Shops of Wolflake Sells for $3.8 Million -

2965 N. Germantown Road
Bartlett, TN 38133
Sale Amount: $3.8 million

Sale Date: May 20, 2014
Buyer: Bartlett Interests LLC
Seller: Pref Wolflake Partners GP
Details: The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.

30. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

31. Titan Medical Buys Bartlett Warehouse -

An affiliate of Titan Medical Manufacturing LLC has paid $2.2 million for the 50,635-square-foot warehouse at 7580 Bartlett Corporate Drive in Bartlett.

32. West Clinic Portfolio Sells for $12.1 Million -

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

33. ABF Freight Wins PILOT for Memphis Expansion -

ABF Freight System Inc. has received a tax break for the proposed expansion of its Memphis facility.

34. West Clinic’s Midtown Locale Sells for $5.3 Million -

West Clinic’s cancer center at 1580 Union Ave. in Midtown has sold for $5.3 million, one of three centers in the area that sold recently.

35. West Clinic Portfolio Sells for $12.1 Million -

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

36. Out With the Old -

A small group of people gathered last week in the front room of a new Southwest Memphis housing development for senior citizens.

The scene marked the ending of one era in public housing and the start of another as the doors opened to the newest facility in the nearly 20-year makeover of public housing.

37. West Clinic Portfolio Sells for $12.1 Million -

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

38. ABF Freight Receives PILOT for Possible Expansion -

ABF Freight System Inc. has received a tax break for the proposed expansion of its Memphis facility.

39. Darden to Sell Red Lobster, Hold Onto Olive Garden -

NEW YORK (AP) – Darden is setting Red Lobster adrift, but betting that it can still turn around Olive Garden's fortunes.

The company, which is based in Orlando, Florida, said Friday that it would sell its seafood chain and the accompanying real estate to investment firm Golden Gate Capital in a $2.1 billion cash deal. The announcement came despite objections from some shareholders to the plan to separate Red Lobster, which was announced late last year.

40. Real Estate ‘Titans’ Share Industry Advice -

In the 1980s Dan Wilkinson and Robert Snowden were deeply involved in developing Memphis International Airport Center.

41. Area Industrial Market Poised for Solid Year -

All signs are pointing toward a strong year for the Memphis-area industrial market.

The Memphis market closed the first quarter with 897,829 square feet of absorption and the total vacancy rate for the Memphis market – 10.8 percent - is the lowest the market has experienced in 14 years, according to CB Richard Ellis Memphis.

42. Eastgate Set for Possible Makeover -

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.

43. Untapped Potential -

Since April 24, a crowd estimated at a few thousand people has flocked to the castle-like structure at 495 Tennessee St. for the chance to hang out at the Tennessee Brewery and enjoy a bar, food trucks, music and good company.

44. 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.

45. Is Hot Market for IPOs Cooling? -

NEW YORK (AP) – A hot market for initial public offerings may soon face a cooler reception from investors.

IPOs are having their best start to a year since 2000. Eighty-nine companies have raised $19 billion through sales of new stock so far in 2014. But demand for more offerings depends largely on the health of the broader market, and after last week's sell-off, the clamor from buyers may quiet down.

46. 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.

47. Stephens Joins Maintenance Team at Commercial Advisors -

Timothy Stephens has joined Cushman & Wakefield/Commercial Advisors as a maintenance mechanic at One Commerce Square. In his new role, Stephens will performing plumbing, painting and general maintenance services.

48. Falls Building Owner Files $6 Million Loan -

The owner of the Falls Building at 22 N. Front St. has filed a $6 million loan for the Downtown high-rise office tower.

49. 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.

50. Market Mystery -

Over the last several years, investors ranging from mom-and-pop shops to large hedge funds have been acquiring single-family homes in Memphis at a historic pace.

But determining the long-term impact that investor purchases have made on neighborhoods remains elusive.

51. Growing Demand for US Apartments Pushing Up Rents -

These are good times for U.S. landlords. For many tenants, not so much.

With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.

52. 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.

53. 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.

54. Seeking Collaboration -

The debate over which development projects should be public or public-private efforts could intensify in the coming months as the city of Memphis explores multiple redevelopment plans.

Memphis Mayor A C Wharton Jr. said if the city, which is facing strong financial headwinds, hopes to attract investment, it must sometimes help jump-start developments in areas that the private sector may otherwise be hesitant to enter.

55. Complaint Alleges Deutsche Bank Discrimination -

Deutsche Bank allegedly discriminated against minority neighborhoods in the Memphis area in the way it handled bank-owned properties, according to a complaint filed with the federal government.

56. 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.”

57. Orpheum Files Permit For Performing Arts Center -

225 S. Main St.
Memphis, TN 38103

Permit Cost: $10.2 million

Project Cost: $14.5 million

58. CDC Leaders Have Challenges in Communities -

Community development corporations are designed to help create more housing in areas where investors and banks might not normally invest without incentives.

But the CDCs, as they are known, are increasingly in the business of adding business development to the housing in a combination of community building.

59. Reedy Thriving As Housing Investments Skyrocket -

Jim Reedy began selling real estate in 1976 while he was a student at the University of Memphis, and within three years, he moved into selling investment properties.

60. Industrial Portfolio Sells for $17 Million -

An affiliate of Boston-based Taurus Investment Holdings LLC has paid close to $17 million for a 650,000-square-foot industrial portfolio on South Mendenhall Road in Hickory Hill.

61. 13th Annual Pinnacle Awards On the Horizon -

Planning is well underway for the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards ceremony, an evening dedicated to bringing commercial real estate industry professionals together and honoring them for their accomplishments in the previous year.

62. PILOT Reform -

Nike is in the midst of a $301 million expansion of its Northridge plant in Frayser, a project that means the Beaverton, Ore.-based company will create 250 new jobs and retain 1,600 existing local jobs.

63. 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.

64. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

65. 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.

66. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

67. 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.

68. 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.

69. Kroger-Anchored Centers Sell for Combined $41M -

Two Class A retail centers anchored by Kroger stores at 1605 N. Germantown Parkway and 540 S. Mendenhall Road have traded hands in an internal transfer for a combined $41.2 million.

70. Collierville Fred’s Sells for $1.5 Million -

450 U.S. 72
Collierville, TN 38017
Sale Amount: $1.5 million

Sale Date: Dec. 20, 2013
Buyer: Collierville Realty Holdings LLC
Seller: Washington Square Properties (a Tennessee general partnership composed of Thomas W. Taylor, trustee of the Thomas W. Taylor Revocable Living Trust dated April 27, 2000, and Thomas W. Hart)
Loan Amount: $793,000
Loan Date: Dec. 20, 2013
Maturity Date: Dec. 20, 2016
Lender: First Capital Bank
Details: The 19,152-square-foot fred’s retail store at 450 U.S. 72 in Collierville has sold for $1.5 million.

71. Cordova Land Sells for $1.3 Million -

About 40 acres of vacant land near Interstate 40 and Germantown Parkway in Cordova has changed hands for $1.3 million.

An entity called Investment Properties LLC bought part of three parcels from TomBo Properties Inc. in a Dec. 30 warranty deed

72. Midtown Medical Office Building Sells for $2.6 Million -

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.

73. Highland Street Family Dollar Sells for $1.6 Million -

656 S. Highland St.
Memphis, TN 38111
Sale Amount: $1.6 million

Sale Date: Dec. 2, 2013
Buyer: Amicorp Enterprises Inc.
Seller: DCTN3 328 Highland Memphis TN LLC
Loan Amount: $600,000
Loan Date: Nov. 25, 2013
Maturity Date: N/A
Lender: The Bank of Hemet
Details: The Family Dollar retail store at 656 S. Highland St. near the University of Memphis has sold for $1.6 million.

74. Orangetheory Fitness Signs New Lease In Stonecreek -

Orangetheory Fitness has signed a lease at Stonecreek Centre at Poplar Avenue and Forest Hill-Irene Road in Germantown.

Orangetheory Fitness will occupy 3,167 square feet at the location. Orangetheory Fitness is a workout method that is broken into intervals of cardiovascular and strength training while using heart rate monitors to keep heart rates in a targeted zone to stimulate metabolism and increases energy.

75. 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.

76. Cordova Creek Apartments Sell for $12.5 Million -

1175 N. Germantown Parkway
Memphis, TN 38016
Sale Amount: $12.5 million

77. Cordova Creek Apartments Sell for $12.5 Million -

The 196-unit Cordova Creek apartment complex at 1175 N. Germantown Parkway has traded hands for $12.5 million.

78. Simon Property Plans Strip Mall Business Spinoff -

Mall operator Simon Property Group Inc. plans to spin off to its shareholders a business that operates strip malls and smaller enclosed malls so it can focus on bigger malls and premium outlets.

79. MAA Chairman Joins Board of Miss. Real Estate Trust -

Eric Bolton, chairman and CEO of Memphis-based MAA, has been elected to the board of directors for a Mississippi-based real estate investment trust focused on industrial properties.

80. Malco Opens 12-Screen Olive Branch Cinema -

Memphis-based Malco Theatres is raising the curtains on a new 12-screen cinema in Olive Branch, as the company continues to push deeper into new markets while at the same time investing in its existing properties.

81. MAA Chairman Joins Board of Mississippi Real Estate Investment Trust -

Eric Bolton, chairman and CEO of Memphis-based MAA, has been elected to the board of directors for a Mississippi-based real estate investment trust focused on industrial properties.

82. Ruby Tuesday Sells Bartlett Lots for $1.1 Million -

8348 U.S. 64
Bartlett, TN 38133
Sale Amount: $1.1 million

Sale Date: Dec. 5, 2013

Buyer: 64 Kate Hyde Partners

83. Simon Property Plans Strip Mall Business Spinoff -

Mall operator Simon Property Group Inc. plans to spin off to its shareholders a business that operates strip malls and smaller enclosed malls so it can focus on bigger malls and premium outlets.

84. Maryland REIT Buys Two Memphis Properties -

Affiliates of Hunt Valley, Md.-based real estate investment trust Omega Healthcare Investors Inc. have bought two Memphis properties for a total of $17.9 million.

85. Methodist Pays $22.5 Million for Germantown Facility -

7945 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $22.5 million

86. Owner Files Loan on Holmes Road BP -

The new owner of the recently built BP convenience store and gas station at 6465 Holmes Road in unincorporated Southeast Shelby County has filed a $1.2 million loan on the property.

87. Team Players -

The key players, from Memphis Mayor A C Wharton Jr. to St. Louis Cardinals chairman and CEO Bill DeWitt Jr., grabbed the microphone at an invitation-only rally held on the club level of AutoZone Park and made their best pitches.

88. 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.

89. Wenco Files Construction Loan for Volvo of Memphis -

7910 Trinity Road
Cordova, TN 38018
Loan Amount: $4.2 million

Loan Date: Nov. 7, 2013
Maturity Date: n/a
Borrower: Wenco Properties LLC
Lender: Wells Fargo Bank NA
Details: Wenco Properties LLC has filed a $4.2 million construction loan through Wells Fargo Bank for the Volvo of Memphis dealership it is building at 7910 Trinity Road in Cordova.

90. 3 Popeyes Properties Sell for $5.1 Million -

Three Memphis-area Popeyes Louisiana Kitchen properties have been purchased by an Arizona real estate investment trust for $5.1 million.

Spirit Master Funding LLC, a REIT affiliated with Scottsdale, Ariz., Spirit Realty Capital, bought the properties Oct. 25 from Shelton Development Co. LLC in separate transactions, paying $1.3 million for the Popeyes at 1105 W. Poplar Ave. in Collierville, $2 million for the one at 6085 Stage Road in Bartlett and $1.9 million for the one at 3660 Austin Peay Highway in Memphis.

91. 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.

92. 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.

93. 3 Popeyes Properties Sell for $5.1 Million -

Three Memphis-area Popeyes Louisiana Kitchen properties have been purchased by an Arizona real estate investment trust for $5.1 million.

Spirit Master Funding LLC, a REIT affiliated with Scottsdale, Ariz., Spirit Realty Capital, bought the properties Oct. 25 from Shelton Development Co. LLC in separate transactions, paying $1.3 million for the Popeyes at 1105 W. Poplar Ave. in Collierville, $2 million for the one at 6085 Stage Road in Bartlett and $1.9 million for the one at 3660 Austin Peay Highway in Memphis.

94. CubeSmart Sells Storage Facility for $7.9 Million -

2700 Poplar Ave.
Memphis, TN 38112
Sale Amount: $7.9 million

Sale Date: Nov. 4, 2013
Buyer: WCP/DSSH Holdings 16 LLC
Seller: CubeSmart LP
Details: Wayne, Va.-based self-storage real estate investment trust CubeSmart LP has sold the U-Store-It facility at 2700 Poplar Ave. in the 38112 ZIP code for $7.9 million.

95. 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.

96. East Memphis Office Market Continues To Tighten -

Class A office space in East Memphis continues to be a strong performer thanks to the convenience and quality of buildings radiating from the Poplar/Interstate 240 intersection.

“East Memphis is a real bright spot regionally because if you look at the overall Memphis market it is a bit flat,” said Kemp Conrad, president of Cushman & Wakefield/Commercial Advisors Asset Services. “The East submarket, especially with Class A space, is very strong and dynamic, with strong tenants and strong institutional ownership.”

97. ‘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.

98. East Memphis Office Market Continues to Tighten -

Class A office space in East Memphis continues to be a strong performer thanks to the convenience and quality of buildings radiating from the Poplar/Interstate 240 intersection.

“East Memphis is a real bright spot regionally because if you look at the overall Memphis market it is a bit flat,” said Kemp Conrad, president of Cushman & Wakefield/Commercial Advisors Asset Services. “The East submarket, especially with Class A space, is very strong and dynamic, with strong tenants and strong institutional ownership.”

99. ‘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.

100. Hotel REIT Transfers 3 Germantown Properties -

7750 Wolf River Parkway Germantown, TN 38138
9314 Poplar Pike Germantown, TN 38138
9320 Poplar Pike Germantown, TN 38138