» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome > Name & Property Search
Search results for 'National Retail Properties' | Search again
DeSoto Public Records:8
Shelby Public Records:29
Editorial:100
West Tennessee:3
Middle Tennessee:52
East Tennessee:22
Other:0

You must be a subscriber to see the full results of your search.

Please log in or subscribe below if you are not already a subscriber.

The Daily News subscribers get full access to more than 13 million names and addresses along with powerful search and download features. Get the business leads you need with powerful searches of public records and notices. Download listings into your spreadsheet or database.

Learn more about our services | Search again


Editorial Results (free)

1. Nashville's Historic Ryman Auditorium to Expand -

NASHVILLE (AP) – The Ryman Auditorium, the mother church of country music, is getting a new $14 million expansion that will provide more space for tours, food and beverage services and retail.

2. Renovation, Expansion Underway at Saddle Creek -

The Shops at Saddle Creek has picked up a new tenant as the lifestyle center undergoes a renovation.

Marmi Shoes has leased 1,395 square feet between Vera Bradley and Madewell at Saddle Creek. St. Louis-based Marmi Shoes offers a wide variety of women’s shoe styles and sizes with a European influence. The Saddle Creek location, the first in the Memphis area and the second in Tennessee, is expected to open in the fall.

3. 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.

4. Pinnacle Apartments Sell for $3.8 Million -

305 S. Bellevue Blvd.
Memphis, TN 38104
Sale Amount: $3.8 million

Sale Date: April 8, 2014
Buyer: Pinnacle Apartments Property Owner LLC
Seller: Bellevue Tower II LLC
Loan Amount: $3.4 million
Loan Date: April 11, 2014
Maturity Date: May 1, 2019
Lender: JPMorgan Chase Bank NA
Details: An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

5. Enjoy the Brewery While It's Still Here -

I’ve been looking at the Tennessee Brewery for years. I used to have an office next door, and now from my agency’s current location, I can see its majestic, Romanesque arched windows towering over the South Main Arts District.

6. Hillview Village Apartments Sell for $5.9 Million -

2051 E. Alcy Road
Memphis, TN 38114
Sale Amount: $5.9 million

Sale Date: March 27, 2014
Buyer: 2013 Hillview LP
Seller: Alcy Partners LP
Details: The 265-unit Hillview Village Apartments at 2051 E. Alcy Road in the Defense Depot neighborhood have sold for $5.9 million.

7. Millington Dollar General Sells for $3.2 Million -

The 9,301-square-foot Dollar General store at 8021 Austin Peay Highway in Millington has sold for $3.2 million.

Cash Properties LLC bought the retail property in a March 25 warranty deed from Ware Properties LLC, the Coldwater, Miss.-based company that developed this property and also has developed numerous Dollar General stores in the area.

8. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

9. Cordova Staples Sells For $3.3 Million -

The 18,200-square-foot Staples store at 2321 N. Germantown Parkway has sold for $3.3 million.

10. Galvanizing Company Files Permit for Facility -

3328 Fite Road
Millington, TN 38053
Permit Cost: $1.9 million

Project Cost: N/A
Permit Date: Applied March 2014
Completion: N/A
Owner: 3328 Fite LLC
Tenant: 3328 Fite LLC
Architect: N/A
Contractor: N/A
Details: An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

11. 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.

12. 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.

13. 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.

14. Fresh Market, Whole Foods Seek Approval From Boards -

Two planned high-profile grocery stores will be seeking regulatory approval in the coming weeks.

The Fresh Market is applying for a special-use permit from the Land Use Control Board Dec. 12 to convert the existing Ike’s store on Union Avenue into one of the chains upscale grocery stores.

15. 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.

16. ‘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.

17. ‘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.

18. 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.

19. Experts to Provide CRE Outlook at Seminar -

Class A office space in East Memphis reigns supreme, which should continue to drive up rental rates, while industrial developers are ramping up activity outside the city of Memphis.

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.

20. Crosstown Wins 20-Year Tax Break -

The $180 million project to revitalize the Sears Crosstown building won a 20-year payment-in-lieu-of-taxes (PILOT) agreement Thursday, Oct. 10, from the Center City Revenue Finance Corp.

21. Office Team Helps Colliers Expand Local Footprint -

As a part of the Colliers International office in Memphis’ growth strategy, the brokerage office has been expanding its presence in the office sector over the past year by adding a new office team consisting of Frazier Baker and Will Barden.

22. Saddle Creek Growth Sign of Future for City -

The Shops of Saddle Creek is in store for a multimillion-dollar makeover and expansion, a project that will likely be the first of several development dominoes to fall in Germantown.

Texas-based Trademark Property Co., which has operated the retail center since 2011, will expand the portion of the 148,000-square-foot lifestyle center on the southwest side of Poplar Avenue and West Street in Germantown.

23. 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.

24. Council OKs Statue Move, Demolition Moratorium -

Memphis City Council members approved a four-month moratorium Tuesday, Sept. 3, on any new demolition permits for city properties listed on the National Register of Historic Places.

But the resolution was amended to not apply to any demolition permits already issued, including the one for the Nineteenth Century Club building in Midtown. The planned demolition of the property by its new owners to make way for a restaurant is on hold, pending a Chancery Court decision on whether the club’s sale of the property was legal.

25. Council OKs Statue Move, Demolition Moratorium -

Memphis City Council members approved a four-month moratorium Tuesday, Sept. 3, on any new demolition permits for city properties listed on the National Register of Historic Places.

But the resolution was amended to not apply to any demolition permits already issued, including the one for the Nineteenth Century Club building in Midtown. The planned demolition of the property by its new owners to make way for a restaurant is on hold, pending a Chancery Court decision on whether the club’s sale of the property was legal.

26. 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.

27. Memphis Demolition Moratorium Delayed -

A plan by some on the Memphis City Council to declare a four-month moratorium on all demolitions of Memphis properties on the National Register of Historic Places was put off this week after questions about the legality of the moratorium.

28. Grass-Roots Growth -

From where Tamara Cook sits, the future of the Cooper-Young Historic District looks as bright as it’s ever been.

29. Entry Point -

The city of Germantown is embarking on an effort to guide growth and development of the city’s western gateway corridor for the next 20 years.

The planning area encompasses the Poplar Avenue corridor at the city’s western gateway, paying special attention to proposed development opportunities, improvements to Poplar Avenue and Kirby and a new set of regulations designed to guide development.

30. Change of Scenery -

After spending years or decades in their current form, longtime staples of the local real estate scene are about to disappear or undergo major changes that will forever alter the city’s built landscape.

31. 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.

32. Former Ike’s on Summer Sells for $2.7 Million -

4569 Summer Ave. Memphis, TN 38122

Sale Amount: $2.7 million

Sale Date: May 17, 2013

33. Cates Named Commercial Broker of Year -

The Memphis Area Association of Realtors Commercial Council honored its most productive members of 2012 at the 12th annual Pinnacle Awards gala, held Thursday, April 25, at the Memphis Country Club.

34. 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.

35. Boyle Celebrates 80 Years, Sponsors Art Exhibit -

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

36. South Main’s New Life -

The history of the South Main Historic Arts District is as colorful as its present-day users, an alternating rhythm of sorts in Memphis’ songbook.

The area has oscillated from its ritzy suburban roots of the 1800s to the industrial era ghost town of the 20th century and now to its current status as Downtown’s flourishing arts and boutique district and the subject of some $100 million in investment. And it’s all due to stakeholders who braved the status quo in distinguishing the southern end of the Central Business District as that funky place with an indescribable vibe.

37. 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.

38. Filling the Voids -

Last year was a banner year for adaptive reuse projects in Midtown and Downtown.

Developers announced plans for the Sears Crosstown building, Overton Square, Hotel Chisca, James Lee House and old United Warehouse in the South Main Historic Arts District. Construction began on The Pyramid, turning it into a 220,000-square-foot mega-Bass Pro Shop Outdoor World, and Memphis in May moved into its new headquarters at 56 S. Front St., a 14,600-square-foot building that’s on the National Register of Historic Places.

39. Realty Income Corp. Buys Herbalife Facility -

5025 Crumpler Road Memphis, TN 38141

Sale Amount: $16.6 million

40. 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.”

41. Retail Therapy -

The retail business has been described in recent times as Darwinian in nature to those in the industry, meaning formats come and go as competition intensifies each year.

That concept is apparent in retail chains having trouble finding the best real estate for new locations as antiquated strip centers retain high vacancies. Or in the resurgence of upscale retailers, while dollar stores are simultaneously expanding at a rapid clip.

42. Mallory-Neely House Reopening Seen as Boon for Victorian Village -

Thanks to a new roof and disability compliance, the Mallory-Neely House will be open to the public Fridays and Saturdays beginning Friday, Nov. 9.

Listed on the National Register of Historic Places and located at 652 Adams Ave. in Downtown Memphis’ Victorian Village Historic District, the Mallory-Neely House retains most of the original historic interiors, furniture and artifacts.

43. Seminar Underscores Commercial Sectors’ Highs, Lows -

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.

44. Seminar To Tackle Commercial Conditions -

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.

45. LRK Designs Honored With Industry Excellence Awards -

Two of Memphis-based LRK Inc.’s designs have received national acclaim from the Multi-Housing News Excellence Awards, which honor the multifamily industry’s most noteworthy people, companies and properties.

46. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

6055 Shelby Oaks Drive
Memphis, TN 38134

Sale Amount: $1.6 million

Sale Date: Sept. 19, 2012

47. Midtown Utopia -

Of Memphis’ tales of humble beginnings, of which there are many, the fluctuating renaissance of the Cooper-Young neighborhood is certainly compelling throughout.

The area has cycled from its 19th century roots to 1970s crime and neglect to its present-day status as one of the largest historic districts in the Southeast, a magnet of all ages and walks of life. All thanks to individuals and organizations that wouldn’t settle for sub-par quality in their tiny town within the bustling Bluff City.

48. Snyder’s-Lance Signs Deal In Southaven -

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.

49. First Tennessee Unit to Move Downtown -

First Tennessee Bank is preparing its Downtown Memphis headquarters for occupancy of one of its units.

50. Chandler Seminar Pinpoints Real Estate Positives -

Shelby County Trustee David Lenoir went out on a limb Thursday, Aug. 9, at real estate information company Chandler Reports’ “Master Your Market: Second Quarter Update,” claiming that the housing market had bottomed out.

51. Grant Entity Files $20M Loan For Collierville Construction -

25 acres north
Of Shea Road

Loan Amount: $20.4 million

Loan Date: July 31, 2012

Maturity Date: Aug. 1, 2017

Borrower: Westbrook Crossing GP

Lender: Magna Bank

52. Raleigh Office Complex Sold To Local Entity -

An office complex in Raleigh has traded hands after being under the same family ownership for more than 30 years.

Commercial Real Estate Network LLC, a local investor, has purchased the 40,756-square-foot Raleigh Center Office Complex at 2974 Austin Peay Highway from Charles R. Averwater Living Trust for $299,000.

53. Bar Louie Signs Deal at Overton Square -

Bar Louie, an Addison, Texas-based neighborhood restaurant and bar franchise, is the latest retail tenant that has signed on for Overton Square.

Bar Louie will occupy 5,650 square feet of the curved building at 2125 Madison Ave., on the southwest corner of Madison and Cooper Street. The store will be Bar Louie’s 11th franchised location and will be operated by Tony De Salvo and partners.

54. Retail Transformation -

Two of Loeb Properties Inc.’s larger retail centers in East Memphis are in the midst of major transformations.

55. Gill Presses on Despite Enduring 4th Recession -

Ray Gill, president of Gill Properties, got into commercial real estate because of his interest in land but now wishes he’d spent some time reading palms and tarot cards.

56. Calif. Firm Finds Niche With ‘Premium Properties’ -

Investment firms nationwide are snatching up single-family real estate-owned (REO) properties, renovating and renting them, and then selling them to other investors.

This “house flipping” is seen as especially opportunistic in Memphis, where median asking prices are dwarfed by national averages and vacancies are widespread.

57. Market Value -

Investor Warren Buffett admitted in his annual letter to shareholders recently that he was “dead wrong” in his early 2011 prediction that the housing market would have begun recovery by now.

58. Poag, N.Y. Investor Buy The Avenue -

The Avenue Collierville – the largest lifestyle center in the Memphis metropolitan area at Houston Levee Road and Bill Morris Parkway – has been bought by an affiliate of Memphis-based Poag Lifestyle Centers.

59. Poag, N.Y. Investor Buy The Avenue -

The Avenue Collierville – the largest lifestyle center in the Memphis metropolitan area at Houston Levee Road and Bill Morris Parkway – has been bought by an affiliate of Memphis-based Poag Lifestyle Centers.

60. Finard Wraps First Phase of Poplar Plaza Renovation -

Finard Properties LLC has completed the first of many phases in redeveloping Poplar Plaza at Poplar Avenue and South Highland Street – a multimillion-dollar project undertaken to ultimately prepare the center for a new Kroger.

61. Morris: It’s Time to Redevelop Chisca Hotel -

The Downtown Memphis Commission is working with developers interested in converting the Chisca Hotel into a set of smaller studio apartments.

DMC president Paul Morris on Tuesday, March 13, talked in general terms about working with the developers, noting the commission has signed a confidentiality agreement with them.

62. Isbell Promoted to Boyle Assistant VP -

Boyle Investment Co. has promoted Jon Isbell to assistant vice president.

63. Cooper-Young Growth -

When Bert Smythe decided to launch new restaurant concept Alchemy last summer in the Cooper-Young district, the 5,200-square-foot space formerly occupied by Grace and Au Fond Farmtable seemed about 25 percent larger than was needed.

64. Room Service -

The good news for the local hotel industry is that last year notched the most rooms ever sold on a daily basis with 4.8 million – 115,628 more than 2010 and 76,780 more than the previous high set in 2007.

65. CRE Outlook Remains Mixed -

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

66. CRE Outlook Remains Mixed -

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

67. Tried and True -

For 100 years, Palmer Brothers Inc. has operated in a conservative manner with repeat business from clients that share the same philosophy.

68. Loeb Tells Rotary About Overton Square Plans -

Among the first of Bob Loeb’s comments when he addressed the Memphis Rotary Club Tuesday, Jan. 10, was that when his firm finishes the redevelopment of Overton Square, the hope is to pass the Rotarian Four-Way Test.

69. Holtz Joins Fulmer Cos. Marketing Department -

Wendy Holtz has joined Fulmer Cos. as its marketing communications manager.

Hometown: New Braunfels, Texas

Education: B.S. in communications from the University of Texas, Austin; M.B.A. in international business from San Diego State University

70. Former Southaven Schnucks Leased to Superlo -

The former Schnucks supermarket building at 975 Goodman Road in the Southaven Commons shopping center has been leased to Stepherson’s Superlo Foods.

71. Former Southaven Schnucks Leased to Superlo -

The former Schnucks supermarket building at 975 Goodman Road in the Southaven Commons shopping center has been leased to Stepherson’s Superlo Foods.

72. CRE Activity Stays Strong During 2011 -

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.

73. New Dishes -

Memphis’ eyes were bigger than its stomach in 2011, but in a good way.

Some local restaurateurs launched completely new concepts; others entered new submarkets with additional stores. Even a handful of national retailers entered the Memphis market after having locations elsewhere in Tennessee for years.

74. Prolonged Recession -

In the words of Phil Woodard, an owner of multiple residential and commercial properties in Downtown Memphis, breaking even is the new profit.

Or as national real estate expert Jonathan Miller said earlier this month at the Urban Land Institute’s Real Estate Outlook for the Mid-South, “We cannot expect to make money the way we did a few years ago.”

75. Beyond Square One -

Memphis City Council’s approval for spending $16 million to improve Midtown’s Overton Square marked a milestone for neighborhood supporters, grassroots leaders and financial stakeholders – especially Loeb Properties Inc.

76. ‘Get In and Out’ -

In a local commercial real estate market where prices have plunged as much as 40 percent from 2007 peaks, special service companies are taking advantage of opportunities for buying distressed debt.

77. CVS Buys Bartlett Locale for Pharmacy -

A local affiliate of Woonsocket, R.I.-based CVS Caremark Corp., has bought the former Blue Plate Cafe at 6676 Stage Road in Bartlett from Stage Centre GP and Gill Enterprises GP in two transactions for a combined $2.2 million.

78. Company Buys 11 Acres On Thousand Oaks -

NAI Saig Co. has negotiated a pair of investment sales in recent weeks. Corolla Management Corp. has purchased two sites totaling 10.6 acres on Thousand Oaks Cove from Bank of Bartlett for $925,000.

79. New Biz, Relocations on Tap for Poplar Plaza -

One of the city’s landmark shopping centers is in the midst of major transformations.

Poplar Plaza, the 360,000-square-foot center at Poplar Avenue and Highland Street in the University of Memphis area, has remained a premier retail center for more than 60 years.

80. Plotting a Course -

State and federal officials are developing new programs and legislation to bolster small businesses.Many companies are facing a variety of hurdles in a lackluster economy in which millions remain jobless and the outlook for consumer confidence and companies’ confidence in hiring and investing remain bleak. But what shape those hurdles have taken depends on who you ask.

81. Substantial Deal Inked By Ontario-Based Manufacturer -

A substantial lease has been signed in a formerly distressed southwest Memphis industrial park that has made leaps and bounds since it was purchased by an out-of-town investor earlier this year.

KIK Custom Products, an Ontario-based manufacturer of national and retail brand consumer products, has signed a lease for 115,000 square feet in the Space Center Industrial Park, 265-353 Titan Drive.

82. MRG Bullish On Multifamily Market -

With pending uncertainty about the housing market, the local multifamily market appears to be staging a healthy comeback.

This year has been especially kind to Makowsky Ringel Greenberg LLC, a 45-year-old commercial real estate firm whose business model is about 80 percent multifamily work.

83. Nike Adds 400K Square Feet To Local Portfolio -

The world’s largest maker of athletic gear has signed a lease in Memphis’ Southeast industrial submarket to handle its newly acquired NFL contract.

Nike Inc. inked a 400,000-square-foot warehouse lease in Centerpointe Distribution Center No. 1, 3461 E. Raines Road. Built in 1994, the property, owned by San Francisco-based Prologis Inc., features 38 dock doors and an 11,687-square-foot office space component.

84. Small Firms Find Footing In Competitive CRE Market -

Darrell Cobbins got started in commercial real estate in June 2001, three months before the 9/11 terrorist attacks wreaked havoc on the economy.

85. Ga.-Based Coastal Logistics Signs Lease -

A budding Savannah, Ga.-based third-party logistics firm is expanding into the Southeast Memphis industrial market. Coastal Logistics Group Inc. has signed a new 50,000-square-foot lease at 5715 Distribution Drive.

86. MEPPI Buys Rivergate Park Acreage For Transformer Plant -

186.2 Acres In Rivergate Industrial Park
Sale Amount: $3.7 million
Sale Date: May 31, 2011

Buyer: Mitsubishi Electric Power Products Inc.
Seller: Belz Investco GP
Details: Warrendale, Pa.-based Mitsubishi Electric Power Products Inc. has bought three parcels in Rivergate Industrial Park from Belz Investco GP for $3.7 million. The deal closed May 31. The first parcel is 9.3 acres on the north side of Riverport Road (listed in the deed as Rivergate Road). It backs McKellar Lake, and the Shelby County Assessor of Property’s 2011 appraisal is $419,000. The second parcel is 63 acres on the south side of Riverport Road, appraised at $604,600. The third parcel is 113.9 acres on the north side of Riverport Road, wrapping around the 9.3-acre parcel and including an offshoot of McKellar Lake. Its 2011 appraisal is $769,600.
MEPPI announced in mid-February it would build a $200 million transformer manufacturing plant in Belz Enterprises Inc.-owned Rivergate Industrial Park.
In March, the Shelby County Commission and Memphis City Council each put in $1 million toward infrastructure financing for the project.

87. Restaurants, Retail Enter Memphis Market -

It’s perhaps the most cliché phrase in the real estate business: location, location, location.

So far in 2011, Memphis has seen a plethora of household names enter the market – Chipotle, Five Guys Burgers and Fries, Urban Outfitters and Staples Inc., among others. And by the close of the year, the perfect location is a critical contingency that even more nationally recognized brands are hoping to have settled.

88. Cordova’s Parkway Place Hits 100 Pct -

Two recent leases at Parkway Place Office have brought the center to 100 percent occupancy. Guardian Community Living LLC signed a 10,500-square-foot lease in the 70,000-square-foot office annex that is situated in Cordova.

89. Duo Helps Strengthen Colliers’ Retail Face -

After being historically thought of as a driving force in industrial real estate, Colliers International is becoming a rising star in the retail arena.

The retail team of Andrew Phillips and Ed Thomas has been involved in three of the largest retail lease transactions in the last six months with the 45,000-square-foot Habitat for Humanity, 24,000-square-foot Memphis Judo and 14,000-square-foot Jack Wills Co.

90. Tunica Recovery -

Two weeks after rising Mississippi River floodwaters forced a mandatory closure of all of Tunica County’s nine casinos, the area is doing its best to recoup.

Six of Tunica County’s nine casinos and resorts remain closed. Tunica County Emergency Management officials and the Mississippi Gaming Commission are currently working with all nine casino resorts in an effort to assess flood damage, begin the clean-up process and prepare for facility re-openings.

91. 2011 CRE Outlook Cautiously Optimistic -

Optimism is in the eye of the beholder in the commercial real estate industry. In a city plagued with high vacancies and scarce speculative development, investors have Memphis on its radar – and Memphis should too.

92. Business Park Slated for Auction Block -

In the past five years, real estate foreclosures have run the gamut from hospitality to retail to multifamily to high-end residential to industrial.

As the commercial market in particular continues to be plagued with record-high vacancies and downward pressure on rental rates, investors are feeling the brunt of the crisis.

93. Dotzour Outlines CRE Future at MAAR Summit -

For this year’s version of the commercial real estate industry to differ from 2010, the economy needs one thing – jobs.

That was the message Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University, told a room full of local brokers, bankers and appraisers at Wednesday’s Commercial Property Forecast Summit, held at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

94. Wolfchase Auto Dealer Site Sells for $4M -

A Wolfchase auto dealership facility is officially changing hands and names.

First Tennessee Trust Department has bought the 48,085-square-foot auto dealership formerly known as Cadillac SAAB of Memphis, 7727 U.S. 64, for $4 million.

95. Summit to Provide Insights for CRE Market -

Commercial real estate professionals will soon have the opportunity to gain insight on local and national issues that have an effect on Memphis business.

The eighth annual Commercial Property Forecast Summit, presented by the Memphis Area Association of Realtors Commercial Council, will provide reviews and forecasts of four local commercial real estate sectors.

96. Eastgate Sells for $31.5 Million -

The Eastgate Shopping Center on Park Avenue in East Memphis has sold to a Dallas-based entity for $31.5 million from Belz Enterprises Inc., according to documents filed with the Shelby County Register of Deeds.

97. Eastgate Sells for $31.5 Million -

The Eastgate Shopping Center on Park Avenue in East Memphis has sold to a Dallas-based entity for $31.5 million from Belz Enterprises, according to documents filed with the Shelby County Register of Deeds.

98. What Happens Next -

Take a good look around you, Memphis.

The next 12 months have so much in store, almost anywhere a person looks – from the neighborhood school to the family doctor to office buildings Downtown to industrial space in South Memphis – the pace of change is likely to make 2011 one for the record books.

99. Loeb Buys Park Place for $10.3M -

Loeb Properties Inc. has bought Park Place Centre from Belz Enterprises Inc. for $10.3 million – the biggest retail transaction of the year.

100. Loeb Buys Park Place for $10.3M -

Loeb Properties Inc. has bought Park Place Centre from Belz Enterprises Inc. for $10.3 million – the biggest retail transaction of the year.