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Editorial Results (free)

1. Loeb Buys Office Complex in Heart of East Memphis -

Loeb Properties has acquired an office complex in the heart of East Memphis, the company’s first major acquisition since it bought Overton Square in July 2012.

Memphis-based Loeb Properties purchased Executive Square, a 40-suite professional office complex at Poplar Avenue and Yates Road in East Memphis, from F. William Hackmeyer for $3.85 million.

2. CCRFC Considers Conservation Bonds for Crosstown -

The Sears Crosstown redevelopment project could get an infusion of funds for energy conservation efforts.

The Center City Revenue Finance Corp., the financial arm of the Downtown Memphis Commission, is considering issuing $14.5 million in Qualified Energy Conservation Bonds for the $180 million Crosstown project for energy conservation efforts.

3. Council Votes Down Elvis Presley Boulevard Car Lot -

The Memphis City Council voted down Tuesday, Nov. 4, the move of a used car lot on land owned by Graceland to a lot further north on Elvis Presley Boulevard near the new 450-room resort style hotel Elvis Presley Enterprises is building.

4. Local Golf Courses Change Hands, Undergo Improvements -

Mirimichi is a Native American word that means “place of happy retreat.”

Now that global entertainment icon Justin Timberlake and his family have sold their happy local retreat, Mirimichi Golf Course, to a local group for $500,000, the new owners have an opportunity to increase the number of holes and tournaments played at the course, which underwent a massive $16 million renovation.

5. CWCapital Sheds Willow Lake Buildings -

3900, 4100 Willow Lake Blvd.
Memphis, TN 38118
Sale Amount: $1.9 million

6. Willow Lake Building Sold for $1.9 million -

Another building inside Willow Lake Business Park and Corporate Park in Hickory Hill has been sold for $1.9 million.

Willow Lake Business Park LLC acquired 3592 Willow Lake Blvd. from 198-6 Memphis Industrial Portfolio Holdings LLC, which is affiliated with Bethesda, Md.-based special servicer CWCapital Asset Management, according to an Oct. 13 warranty deed.

7. Two Willow Lake Buildings Sold for $1.9 Million -

Two buildings inside Willow Lake Business Park and Corporate Park in Hickory Hill have been sold for $1.9 million.

Eagle Capital LLC acquired 3900 Willow Lake Blvd. and 4100 Willow Lake Blvd. from 198-6 Memphis Industrial Portfolio Holdings LLC, which is affiliated with Bethesda, Md.-based special servicer CWCapital Asset Management LLC, according to an Oct. 13 warranty deed.

8. The Horizon Sells to Mississippi Developer for $13.5 Million -

A Mississippi-based developer has acquired the uncompleted Horizon condominium tower overlooking the Mississippi River in Downtown.

Dawn Properties Inc. of Hattiesburg, which is primarily involved in the acquisition, development and management of multifamily properties, has purchased the 16-story, 155-unit tower for $13.5 million and plans on completing the luxury condominiums.

9. Indmar Marine Engines Files Expansion Permit -

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

10. Germantown Plaza Sells for $925,000 -

The 14,400-square-foot Germantown Plaza strip retail center at 3695 Riverdale Road in Hickory Hill has sold for the second time in about five months.

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. Carlisle Corp. Buys Sharky’s Property -

6201 Poplar Ave.
Memphis, TN 38119
Sale Amount: $2.9 million

Sale Date: July 29, 2014
Buyer: Wendelta Property Holdings LLC
Seller: Aaron Muschel
Details: An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

13. Polo Shops Retail Center Sells for $2.6 Million -

The Polo Shops retail center at 7444 Winchester Road and 7464 Winchester Road in Southeast Memphis has sold for $2.6 million.

14. Centennial Crossing Parcels Sell for $3.4 Million -

Two parcels in the Centennial Crossing shopping center in Southeast Shelby County have sold for $3.4 million following foreclosure.

An entity called 7915 Winchester Road Holdings LLC, which is an affiliate of CWCapital Asset Management LLC, bought 7915 Winchester Road and an outparcel of the center in a July 25 substitute trustee’s deed from R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

15. Critical Decisions -

For the team behind the pending redevelopment of the massive Sears Crosstown property to reach its goal of maximizing the participation of women- and minority-owned businesses, it needed to make a crucial decision early in the planning process.

16. Poplar Plaza to Undergo Renovation -

The venerable Poplar Plaza shopping center at Poplar Avenue and Highland Street near the University of Memphis is slated to undergo a second facelift.

Finard Properties LLC is expected to soon launch extensive exterior improvements to the massive retail center at Poplar and Highland, starting with a fresh coat of paint.

17. 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.

18. ‘A Step Closer’ -

The general contractor for the Crosstown redevelopment project recently applied for three building permits totaling $115.3 million as the development team approaches a key period for financing the ambitious project.

19. 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.

20. Poplar Avenue Portfolio Sells After Foreclosure -

The three commercial real estate parcels that compose the Shops of Chickasaw Gardens along Poplar Avenue have sold for a combined $3.8 million following a foreclosure.

The mixed-use portfolio sold in a May 30 substitute trustee’s deed with 3181 Poplar Avenue Holdings LLC – an affiliate of special servicer CWCapital Asset Management – buying the properties from substitute trustee Robert F. Tom of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

21. Life Church Buys Victory Campus for $4.4 Million -

255 N. Highland St.
Memphis, TN 38111
Sale Amount: $4.4 million

Sale Date: May 2, 2014
Buyer: The Life Church of Memphis Inc.
Seller: SignificantPsychology LLC
Loan Amount: $3.8 million
Loan Date: May 2, 2014
Maturity Date: May 5, 2019
Lender: Triumph Bank
Details: The Life Church of Memphis has paid $4.4 million for the former Victory University campus at 255 N. Highland St.

22. Germantown Plaza Sells Following Foreclosure -

The 14,400-square-foot Germantown Plaza strip retail center at 3695 Riverdale Road in Hickory Hill has sold for $1.1 million following a foreclosure.

23. Owner Files Loan on Fairway Townhomes -

The Utah-based owner of the 59-unit Fairway Townhomes and Apartments at 5150 Tulane Road has filed a $2.2 million loan on the property.

24. AP Survey: China's Lending Bubble a Global Threat -

WASHINGTON (AP) — Just as the global economy has all but recovered from debt-fueled crises in the United States and Europe, economists have a new worry: China. They see a lending bubble there that threatens global growth unless Beijing defuses it.

25. Industrial Portfolio Sells for $43 Million -

4550 Swinnea Road6005 Freeport Ave., 3399 E. Raines Road
Memphis, TN
Sale Amounts: $10.1 million; $14.8 million; $18 million

26. Industrial Portfolio Sells for $43 Million -

Affiliates of Plymouth Meeting, Pa.-based Exeter Property Group have paid a combined $42.9 million for a Memphis industrial portfolio.

The companies, in three separate special warranty deeds, bought the Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven for $10.1 million, the warehouse at 6005 Freeport Avenue for $14.8 million and the warehouse at 3399 E. Raines Road for $18 million.

27. Collier Village Apartments Sell for $4.4 Million -

The 100-unit Collier Village Apartments at 365 Center St. in Collierville has sold for $4.4 million.

Collier Village Apartments Utah LLC – an affiliate of Salt Lake City-based Property Asset Management Inc. – bought the townhouse-style multifamily complex in a Feb. 26 special warranty deed from Collier Village Associates LLC.

28. Midtown Apartment Building Sells for $840,000 -

199 S. McLean Blvd.
Memphis, TN 38104
Sale Amount: $840,000

Sale Date: Feb. 21, 2014
Buyer: Zaki Holdings LLC
Seller: Colonial House LP
Loan Amount: $140,000
Loan Date: Feb. 21, 2014
Maturity Date: Sept. 1, 2015
Lender: Colonial House LP
Details: The 20-unit multifamily building at 199 S. McLean Blvd. in Midtown has sold for $840,000.

29. Hickory Hills Owner Files $3.3 Million Loan -

The owner of the 96-unit Hickory Hills apartment complex at 3481 Graceland Drive and 3491 Graceland Drive in Whitehaven has filed a $3.3 million loan on the property.

30. Polo Shops Sells for $3.1 Million After Foreclosure -

7444 Winchester Road7464 Winchester Road
Memphis, TN 38125
Sale Amount: $3.1 million

31. Polo Shops Sells for $3.1 Million After Foreclosure -

The Polo Shops retail center on Winchester Road in Southeast Memphis has sold for $3.1 million following a foreclosure.

An entity called TOP11 - 7444 Winchester RD LLC bought the property, whose addresses are 7444 Winchester Road and 7464 Winchester Road, in a Feb. 19 substitute trustee’s deed from R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.

32. Ellis Joins State Systems As Sales Executive -

Alisa Ellis has joined State Systems Inc. as a low voltage sales executive. She brings 16 years of telecommunications experience to the company, which offers protection products and services, including fire protection equipment, training and cleaning services, as well as technology services such as network integration, cabling systems and wireless support.

33. Orpheum Files Permit For Performing Arts Center -

225 S. Main St.
Memphis, TN 38103

Permit Cost: $10.2 million

Project Cost: $14.5 million

34. 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.

35. Belz Launches Brand Management Venture -

Belz Enterprises has established a new venture, Peabody Hotels & Resorts, that moves the company into asset and brand management within the luxury hotel space.

The transition has been in the works for a few years, and through it, the new venture will begin researching and evaluating properties that could become Peabody-branded hotels.

36. Crosstown Construction Bidding Process Underway -

Construction documents for the ambitious Sears Crosstown redevelopment project have hit the street.

Memphis-based Grinder, Taber & Grinder Inc. is serving as the general contractor for the $180 million project, and bids for subcontracting work on everything from electrical systems to plumbing went out this week.

37. Methodist Pays $22.5 Million for Germantown Facility -

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

38. Crosstown Effort Shines as Development Example -

Construction documents for the $180 million revitalization of the Crosstown building were scheduled to be finished Friday, Dec. 6, with the project moving toward closing and construction in the next months.

39. Countryside Apartments Owner Files $5 Million Loan -

The owner of the 152-unit Countryside North Apartments at 6920 Reese Road in Northeast Memphis has filed a $5 million loan on the property.

40. Crosstown Funding Mix of Local, State and Federal -

The $15 million in funding Memphis Mayor A C Wharton Jr.’s administration put together as the last piece of financing for the Sears Crosstown building redevelopment is not just a combination of state and federal grant money.

41. Elvis’ Intellectual Property Rights Sold -

Authentic Brands Group, a New York City intellectual property corporation, has bought Elvis Presley’s intellectual property and the right to operate Graceland from CORE Media Group, becoming the latest of four companies to own a majority share in the intellectual property assets of the late Memphis entertainer.

42. Square Roots -

Breakaway Running owner Barry Roberson was blown away by the crowds who visited his new Overton Square store, which opened Oct. 30.

43. Community Main Focus of Conrad’s Goals -

Since Kemp Conrad, principal with Cushman & Wakefield/Commercial Advisors LLC, took the position as president of Commercial Advisors’ asset services – a leading third-party provider of leasing, property management and project management services – revenues have increased by 215 percent.

44. Community Improvement at Heart of Conrad’s Goals -

Since Kemp Conrad, principal with Cushman & Wakefield/Commercial Advisors LLC, took the position as president of Commercial Advisors’ asset services – a leading third-party provider of leasing, property management and project management services – revenues have increased by 215 percent.

45. Bass Pro Shops Files $40 Million Permit -

1 A.W. Willis Ave.
Memphis, TN 38103
Permit Cost: $40 million

Project Cost: $150 million

Permit Date: Applied September 2013

Completion: 2014

Owner: City of Memphis

46. Dallas Company Buys Cordova Storage Facility -

The Cordova Stor-N-Lock at 1570 Bonnie Lane has sold for $2.1 million for the second time in four months after facing foreclosure.

47. Colliers Continues Role as Major Commercial Real Estate Player -

Wilkinson & Snowden Inc. helped lead the industrial warehouse revolution in Memphis at a prescient time.

48. 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.

49. Jamesbridge Apartments Sell for $3.6 Million -

3689 James Road Memphis, TN 38128

Sale Amount: $3.6 million

Sale Date: June 6, 2013

50. Shadowbrook Townhouses Owner Files $9.5 Million Loan -

The owner of the 366-unit Shadowbrook Townhouses at 3946 Lamar Ave. in Oakhaven has filed a $9.3 million loan on the property.

51. Jamesbridge Apartments Sell for $3.6 Million -

A California company has bought the 432-unit Jamesbridge Apartments at 3689 James Road in Raleigh for $3.6 million.

52. Cordova Stor-N-Lock Sells for $2.1 Million -

The Cordova Stor-N-Lock at 1570 Bonnie Lane has sold for $2.1 million following a foreclosure.

Special servicer C-III Asset Management LLC of Irving, Texas, bought the 54,199-square-foot property in an April 26 substitute trustee’s deed from R. Spencer Clift of Baker, Donelson, Bearman, Caldwell & Berkowitz PC, acting on behalf of the lender.

53. Four-Way Self Storage Facility Sells for $1.3 Million -

6780 Country Park Drive Memphis, TN 38134

Sale Amount: $1.3 million

Sale Date: April 9, 2013

54. Landings Apartment Owner Files $8.7 Million Loan -

The owner of the 292-unit Landings apartments at 3550 Brownbark Drive in Hickory Hill has filed an $8.7 million loan on the property.

55. Harold Ford Sr. Buys Sycamore View Property -

1670 Sycamore View Road Memphis, TN 38134

Sale Amount: $1.8 million

Sale Date: April 8, 2013

56. Cordova Ridge Shops Sells for $1.8 Million -

An affiliate of Norcross, Ga.-based Safeway Group Inc. has paid $1.8 million for Cordova Ridge Shops, a retail shopping center at 1204 Houston Levee Road in unincorporated Cordova.

57. Canterbury Woods Owner Files Loan on Property -

The owner of the 400-unit Canterbury Woods apartments at 6520 Macon Road has filed a $9.8 million loan on the property.

58. Exeter Assigns Portfolio to Commercial Advisors -

Pennsylvania-based Exeter Property Group has awarded the facilities management assignment of its newly acquired, 2.5 million-square-foot industrial portfolio to Cushman & Wakefield/Commercial Advisors Asset Services LLC. The four buildings were acquired from DCT Industrial.

59. Exeter Assigns Portfolio to Commercial Advisors -

Pennsylvania-based Exeter Property Group has awarded the facilities management assignment of its newly acquired, 2.5 million-square-foot industrial portfolio to Cushman & Wakefield/Commercial Advisors Asset Services LLC. The four buildings were acquired from DCT Industrial.

60. Freeport, Raines Warehouses Sell for $19.4 Million -

Industrial properties at 6005 Freeport Avenue and 3399 E. Raines Road have sold for a combined $19.4 million in lieu of foreclosure.

61. Swinnea Warehouse Sold in Lieu of Foreclosure -

4550 Swinnea Road, Memphis, TN 38118

Sale Amount: $4.2 million
Sale Date: March 7, 2013
Buyer: JPMCC 2007-LDP10 – 4550 SWINNEA RD LLC
Seller: Industrial Memphis International Owner LLC
Details: The Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven has sold for $4.2 million in lieu of foreclosure.

62. New York Firm Buys Distribution Center for $24.7 Million -

Gramercy Capital Corp. has acquired Hacks Cross Logistics Center Building 1 in Olive Branch for $24.7 million from Hillwood Investment Properties.

63. 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.

64. Gramercy Capital Acquires $25 Million Distribution Facility -

Gramercy Capital Corp. has acquired Hacks Cross Logistics Center Building 1 in Olive Branch for $24.65 million from Hillwood Investment Properties.

65. Swinnea Warehouse Sold in Lieu of Foreclosure -

The Memphis International Distribution Center at 4550 Swinnea Road in Oakhaven has sold for $4.2 million in lieu of foreclosure.

66. TJX Leases Up Chickasaw Building D -

The TJX Cos. Inc. has inked a substantial deal in Southeast Memphis, representing the largest industrial lease so far in 2013.

67. California Company Buys Former Quebecor Facility -

828 E. Holmes Road Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Feb. 15, 2013

68. Tenants in Common Buy Southern Avenue Apartments -

Three tenants in commons have paid $2.4 million for three apartment complexes on Southern Avenue in the University of Memphis’ 38111 ZIP code.

The three tenants are Gideon D. Zook and Mary A. Cook; Campus Property Management LLC; and Summit Asset Mgt. LLC, whose percentage of ownership varies with each parcel.

69. U of M Files Permit for New Residence -

3615 Central Ave. Memphis, TN 38111

Permit Cost: $43.5 million

Project Cost: $53 million

70. Jamesbridge Apartments Sells for $7.2 Million in Foreclosure -

The 432-unit Jamesbridge apartments at 3689 James Road in Raleigh sold to a special servicer for $7.2 million after a foreclosure.

71. Green Line Marketing Doubles Office -

Green Line Marketing Group has outgrown its East Memphis office space due to its expanded staff and client roster.

The boutique agency has signed a 2,000-square-foot lease in Racquet Club Plaza, where it will relocate from its three 350-square-foot executive suites in Clark Tower by the end of the month.

72. Real Estate Leaders to Present Trends at Forecast -

Real estate leaders will offer their reviews and insights for the Memphis-area commercial market at the 10th annual Commercial Property Forecast Summit starting at 8 a.m. Feb. 7 at the Germantown Performing Arts Centre, 1801 Exeter Road.

73. Real Estate Leaders to Present Trends at Forecast Summit -

Real estate leaders will offer their reviews and insights for the Memphis-area commercial market at the 10th annual Commercial Property Forecast Summit starting at 8 a.m. Feb. 7 at the Germantown Performing Arts Centre, 1801 Exeter Road.

74. Hillwood Partnership Buys Airways Distribution Center -

Dallas-based Hillwood Investment Properties, in a partnership with Toronto-based Brookfield Asset Management Inc. and the Hillwood-Brookfield Industrial Partners fund, acquired the 556,000-square-foot Airways Distribution Center Building D in the DeSoto County submarket.

75. BenchMark to Relocate, Restructure -

BenchMark at Southwind Realtors LLC will soon relocate its Southeast Memphis office, add agents, integrate technology into its business practices and go paperless in one fell swoop.

76. 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.

77. 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.

78. Southwind Homewood Suites Sells for $6.5 Million -

3583 Hacks Cross Road Memphis, TN 38125

Sale Amount: $6.5 million

Sale Date: Nov. 2, 2012

79. Utah Company Buys Avery Park Apartments -

An affiliate of Salt Lake City-based Property Asset Management Inc. has paid $5.2 million for the Avery Park Apartments at 4865 Raleigh LaGrange Road in Raleigh.

80. 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.

81. Commercial Advisors Turns 20, Expands Office -

Cushman & Wakefield/Commercial Advisors LLC celebrates 20 years of serving clients in the Memphis community this year and has recently expanded its East Memphis office.

82. Hickory Hill Warehouse Sells for $15.7 Million -

6380 Holmes Road Memphis, TN 38141

Sale Amount: $15.7 million

Sale Date: Dec. 5, 2012

83. Village of Sycamore Ridge Owner Files $4.3 Million Loan -

The owner of the Village of Sycamore Ridge – a 114-unit apartment community at 1945 Sycamore View Road near Bartlett – has filed a $4.3 million multifamily deed of trust, absolute assignment of leases and rents and security agreement (including fixture filing) on the property.

84. NAI Saig Well-Positioned for Real Estate Rebound -

Commercial real estate is making a strong come back for one Memphis brokerage firm as previously shelved projects come roaring back to life.

Edward Saig said that a rise of activity in 2012 demonstrates the ability of banks to lend in an era of tight regulation.

85. Mid-South Business Makes its Mark -

Mid-South Marking Systems, a one-stop shop for any business that needs to distribute and track products, continues an impressive growth trajectory.

The company provides bar code and RFID (radio frequency identification) solutions for local and national clients in industries including manufacturing, retail, health care, pharmaceutical, government and distribution.

86. Commercial Advisors Hires Ewen as Controller -

Erika Ewen has joined Cushman & Wakefield/Commercial Advisors Asset Services LLC as controller. Ewen will direct the accounting department in all accounting functions and financial reporting of Commercial Advisors Asset Services as well as all property management clients.

87. Highpoint Church Buys Briarcrest’s East Memphis Campus -

After seven years of leasing space for its worship services, Highpoint Church has acquired Briarcrest Christian School Systems Inc.’s property at 6000 Briarcrest Ave. for $7.25 million.

88. Capital Influx -

Capital is finally being set free in the Memphis industrial market, with opportunities on both the buy and sale side of investment deals.

Nearly $200 million has been spent since June, as public and private institutional buyers alike make large plays.

89. Excise Tax Looms for Local Device Companies -

A new excise tax will be levied on medical devices beginning Jan. 1, and the impact will be significant for medical device companies with a Memphis presence.

Large players like Wright Medical Technology Inc. and fledgling outfits like Arrowhead Medical Device Technologies Inc. are preparing for the 2.3 percent pinch on each device sold in the U.S., including pacemakers and stents, defibrillators, artificial joints, chemotherapy delivery systems, surgical tools and X-ray machines.

90. Commercial Advisors Capital Markets to Zero In on ‘Untapped Segment’ -

Cushman & Wakefield/Commercial Advisors Asset Services LLC has launched a Capital Markets Group, a new service line to complement the firm’s tenant representation and third-party leasing and management businesses.

91. Lease Takes Appling Farms to Capacity -

A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.

92. First Tennessee Unit to Move Downtown -

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

93. Panda to Build Restaurant On Winchester Outparcel -

7525 Winchester Road
Memphis, TN 38125

Permit Cost: $791,345

Project Cost: N/A

94. Daves Quickly Climbing Commercial Real Estate Ranks -

In Bryce Daves’ three years in the commercial real estate business, he’s quickly climbed the ranks to lease some 2 million square feet of property.

The CB Richard Ellis Memphis associate was promoted in March to leasing agent for Bellbrook Industrial Park – a 13-building campus in the southwest Memphis industrial submarket totaling more than 1.6 million square feet spread over 100 acres.

95. Cordova Ridge Shops Sells for $2 Million -

An affiliate of Dallas-based CWCapital Asset Management LLC has paid $2 million for Cordova Ridge Shops, a retail shopping center at 1204 Houston Levee Road in unincorporated Cordova.

96. Chancey Honored With International Chair’s Award -

Dan Chancey, vice president-senior asset manager with Cushman & Wakefield/Commercial Advisors Asset Services LLC, recently received the Building Owners and Managers Association International Chair’s Award during the 2012 BOMA International Conference in Seattle, Wash.

97. 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.

98. Hickory Hill Warehouse Sells for $1.3 Million -

5837 Distribution Drive
Memphis, TN 38141

Sale Amount: $1.3 million

Sale Date: July 11, 2012

99. Hickory Hill Warehouse Sells for $1.3 Million -

Memphis-based CLI Inc. has bought the 102,570-square-foot warehouse at 5837 Distribution Drive in Hickory Hill for $1.3 million from Tenoh LLC. The sale closed July 11.

100. ‘Perfect Storm’ -

Office sublease space reached a record high in the first quarter, and local experts are forecasting even more leases from one lessee to another to hit the market prior to year-end.

Office subleasing totaled 600,664 square feet during the first three months of the year, according to Cushman & Wakefield/Commercial Advisors LLC’s Q1 office market report. That’s nearly 14 percent of total available space.