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1. Maines Paper & Food Service Continues Work in Arlington
- Tuesday, February 17, 2015
11420 Gulf Stream Road
Memphis, TN 38002
Permit Amount: $2.5 million
Permit Application Date: February 2015
Owner: W D Arlington LLC
Tenant: Maines Paper & Food Service
Details: More new construction is planned at the Maines Paper & Food Service cold-storage facility in Arlington.
2. Gas Station, Convenience Store Sell for $785,000
- Thursday, February 12, 2015
Investors have purchased a Southeast Memphis gas station and convenience store for $785,000.
Ajit Varma and Haseena Ajit Varma, purchased the Texaco gas station at 4219 Riverdale Road from Hudson Properties LLC, according to a Jan. 30 warranty deed.
3. Market of Riverdale Bend Sells for $6.2 Million
- Tuesday, July 16, 2013
7114-7186 Winchester Road Memphis, TN 38125
Sale Amount: $6.2 million
Sale Date: July 2, 2013
4. Market of Riverdale Bend Sells for $6.2 Million
- Friday, July 12, 2013
Four tenants in common have paid $6.2 million for the Market of Riverdale Bend shopping center on Winchester Road in Southeast Memphis.
The four buyers, shown in descending order of ownership percentage, are Peter Laspina Jr. (49.5 percent); 25-19 34th St. Realty Corp. (34.83 percent); Riverdale Center Investors LLC (14.67 percent); and Riverdale Market LLC (1 percent).
5. Hickory Hill Warehouse Sells for $1.3 Million
- Tuesday, July 17, 2012
5837 Distribution Drive
Memphis, TN 38141
Sale Amount: $1.3 million
Sale Date: July 11, 2012
6. Grinding it Out
- Monday, February 06, 2012
After most recessions, real estate bounces back.
But the Great Recession has been notably different – long, deep and very prolonged.
That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.
7. Mississippi Co. Finances Shelby County Car Washes
- Tuesday, July 26, 2011
Byhalia-based Mid-South Car Wash Investors Fund I LLC has financed multiple car wash locations across Shelby County through Liberty Bank of Arkansas for $8.9 million.
8. Tennessee Flea Market Closes
- Tuesday, July 19, 2011
The Tennessee Flea Market, the largest indoor flea market in Tennessee, closed its doors Sunday afternoon, leaving about 300 vendors without a place to market their products. The property managers called a meeting over the weekend and told vendors they must have their products out of the building by 5 p.m. Sunday, July 17, said Tiffany Greenlee, owner of The Candle Bakery and a vendor at the market.
The Small Business Chamber, some of whose members are vendors at the market, posted on its Facebook page Sunday that the initial manager had stolen $200,000 from the business and made other poor business decisions. The SBC also reported investors lost more than $700,000 and cannot continue to operate the business.
The vendors are being forced to leave the market even though some have paid rent through the end of the month.
“We all had paid rent for the month of July, so nobody received any of their money back. And for the ones who hadn’t paid, they were holding their stuff hostage until they paid, even though they were going to vacate,” Greenlee said.
One vendor who preferred to remain nameless said it was a good opportunity for small business owners, but he never wants to be a part of that situation again.
“It was pretty devastating for a lot of us,” Greenlee said. “It was like an incubator for small businesses to have a place to get started, and some vendors had to just pack up their stuff and leave, not know exactly where we were going to go.”
The Tennessee Flea Market opened in April with 600 vendors inside the old Kmart building near Winchester and Riverdale roads. It was Memphis’ first flea market scheduled to be open every weekend of the year.
9. Winbranch Apartments Sell for $2.4 Million
- Tuesday, September 21, 2010
3595 Millbranch Road
Memphis, TN 38116
Sale Amount: $2.4 million
Sale Date: Sept. 7, 2010
Buyer: Winbranch Realty Partners LLC
Seller: LBUBS 2004-C4 Millbranch Road LLC
Loan Amount: $975,000
Loan Date: Sept. 7, 2010
Maturity Date: Sept. 1, 2011
Lender: The Leshum Group LLC
10. Market at Riverdale Sells for $1.8 Million
- Monday, September 20, 2010
Riverdale Investors LLC has bought the Market at Riverdale shopping center from Market at Riverdale Bend HH LLC for $1.8 million. No loan documents were filed at the time of purchase.
11. High-Dollar Deal Boosts Commercial Real Estate
- Tuesday, October 27, 2009
Following what has become a pattern, the local commercial real estate market in September was salvaged by one large deal that offset an otherwise dreary month.
This time it was Resource Real Estate Inc. to the rescue. The Philadelphia-based company bought the Wyndridge Apartments for $9.5 million Sept. 29 and carried the weight for Shelby County’s commercial activity during the month.
12. Le Bonheur Files Permit For FedExFamilyHouse
- Tuesday, September 22, 2009
918 Poplar Ave.
Memphis, TN 38105
Permit Amount: $5.2 Million
Project Cost: $5.2 million
Permit Date: Applied September 2009
Completion: Fall 2010
Owner: Le Bonheur Children’s Medical Center
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.
13. Sept. Commercial Sales Drop 18%
- Monday, October 27, 2008
Shelby County’s commercial real estate market was highlighted by a wide variety – but a low volume – of transactions in September, revealing a continued slowdown because of the credit crisis and overall economic slowdown.
14. Lightman Buys Back Land To Bolster Retail Center
- Tuesday, September 23, 2008
Three acres in Centennial Commons
Memphis, TN 38125
Sale Amount: $2 Million
Sale Date: Sept. 12, 2008
Buyer: Michael A. Lightman Sr.
Seller: Winsouth Hotel Partnership
Details: Michael Lightman Sr. has bought back a three-acre parcel of land in Centennial Commons retail center that he sold to Winsouth Hotel Partnership nine years ago for $1.4 million. The land is on the southwest corner of the Centennial site, which is north of Winchester Road, east of Germantown Road and near Tenn. 385.
15. Value Place Portfolio Sells for $12.2 Million
- Monday, September 15, 2008
A group of investors has paid $12.2 million for a portfolio that includes two Value Place hotels – one at 7060 Riverdale Bend Road in Southeast Memphis and one at 5787 Shelby Oaks Drive in Northeast Memphis.
- Wednesday, February 13, 2008
Talk Shoppe will meet today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. The topic is "Real Estate Property Management: What You Need to Know When You Need to Know It" with Hulet Gregory of Clothier & Gregory Real Estate. The event is free and open to the public. For more information, call Jo Garner at 759-7808.
17. New York Investors Buy Market of Riverdale Bend
- Tuesday, January 09, 2007
7110-7136 Winchester Road
Memphis, TN 38125
Sale Amount: $14.5 million
Sale Date: Dec. 15, 2006
18. Archived Article: Real Recap
- Tuesday, February 22, 2005
3300 Brother Blvd
Cleveland Investors Buy Bartlett Property
3300 Brother Blvd.
Bartlett, TN 38133
Cost: $8.6 million
Buyer: Newgar Ltd.
Seller: Net Lease Holdings LLC
Property: One lot at 3300 Brother Blvd. in the International ...
19. Archived Article: Real Recap
- Tuesday, November 30, 2004
Winchester Commons Sells for $13 Million
Cost: $13 million
Buyer: Inland Western Memphis Winchester LLC
Seller: Germantown Venture
Property: Winchester Commons Shopping Cente...
20. Archived Article: Real Recap
- Tuesday, April 20, 2004
825 Ridge Lake Blvd
Doctors Purchase East Memphis Eye Care Clinic
825 Ridge Lake Blvd.
Memphis, TN 38120
Cost: $8.2 million
Buyer: VRF Building Partners LLC
Seller: RME Associates
Property: 1.76 acres at 825 Ridge Lake Blvd. The...
21. Archived Article: Retail Chg
- Friday, March 21, 1997
By CAMILLE H Retail trends are more big-box stores, less spec space By CAMILLE H. GAMBLE The Daily News Although Memphis has more retail space per capita than the national average, developers say the market is not overbuilt because of the types of s...
22. Archived Article: Real Analys
- Tuesday, January 02, 1996
1/2 real analysis Memphis retail, lodging outlook rosy for 96 Prospects for the local real estate market remain pretty much bullish on all fronts as we head into the new year, according to those who ought to know. Belz senior vice president Andrew G...