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Editorial Results (free)

1. 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.

2. 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.

3. 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.

4. CashSaver Trades Hands for $3.2 Million -

The CashSaver in Midtown has traded hands. 

Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.

5. Bioventus Inks Deal for 40,000 Square Feet -

A Durham, N.C.-based biologics company is relocating its Memphis presence, signifying a boon to the Northeast office submarket.

Bioventus LLC has inked 38,880 square feet of office and manufacturing space in Goodlett Farms Business Campus, 1900 Charles Bryan Road, in Cordova.

6. Gen X Inks State’s First Location on Austin Peay -

A trendy Vernon, Calif.-based retailer has inked its first Tennessee location in Austin Peay Plaza.

Gen X Clothing Inc. signed a 35,000-square-foot lease at 3252 Austin Peay Highway. The space was formerly occupied by Big Lots.

7. Archived Article -

26 buildings in
Nonconnah Corporate Park
Sale Amounts: $30.6 million; $8.3 million

Sale Date: Feb. 22, 2007

8. Archived Article -

300 N. Second St.
Memphis, TN 38105
Loan Amount: $12 million

Loan Date: Aug. 31, 2006

Maturity Date: n/a

9. Holiday Inn-SelectSells For $10 Million -      Genwood Memphis II LLC has purchased a Holiday Inn-Select at 2240 Democrat Road from Memphis Hotel Owners LP for $10 million.
     The 374-unit hotel has two five-story buildings on 7.6 acre

10. Archived Article: Orchards Of C'ville Lj - lj 10/5 cates Collierville apartments sold for $11 million By LAURIE JOHNSON The Daily News A California corporation has purchased a Collierville apartment complex for $11 million its first property to acquire in the Memphis multifamily market. Lead...

11. Archived Article: 4-points Hotel Lj - lj 10/5 cates "Old Airport Hilton" changes hands, will get facelift By LAURIE JOHNSON The Daily News A hotel near the Memphis International Airport has changed hands, and its new owners are upgrading the 380-unit property to appeal to corp...

12. Archived Article: Real Review Lj - lj 10/5 cates Market commentary. Last week, interest rates on 30-year, fixed-rate conventional and government loans remained near unchanged. Last weeks two- and five-year Treasury auctions were met with lackluster response from investors, according ...