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Editorial Results (free)

1. Clark Tower to Get $6 Million in Capital Improvements -

The venerable Clark Tower is getting an infusion of cash for capital improvements.

In-Rel Properties, which owns the East Memphis skyscraper, has executed an agreement with the building’s lender paving the way for a $6 million capital improvement project that will begin immediately.

2. Opportunities for ‘B’ Buildings in ‘A’ Markets -

Perched on floor 31 of the iconic Clark Tower office building in East Memphis, immigration attorney Eric Henton offers clients from around the Southeastern U.S. an incredible view of Memphis.

“The first thing my clients generally notice when they walk into my office is how beautiful, calm and green Memphis looks from above,” Henton said. “In many cases, my clients have never been up so high and it is fun to watch their reaction.”

3. Pathmark Inks Lease at I-Bank Tower -

A longtime third-party logistics company is on the move.

Pathmark Transportation Co., which was started in 1984 as a subsidiary of petroleum marketing company Pathmark International before becoming a national logistics provider, has signed a new lease for 3,800 square feet at the i-bank Tower on Poplar Avenue in East Memphis.

4. Tower Facelift -

One of Memphis’ most recognizable office buildings, occupying a prime piece of commercial real estate on Poplar Avenue in East Memphis, is getting a makeover.

Rosemont Realty LLC is investing around $400,000 to update the 24-story i-bank Tower at 5050 Poplar Ave. The 275,634-square-foot building, built in 1967 by pioneering developer William B. Clark Sr. and formerly known as White Station Tower, includes the signature round top floor, which once housed a rotating restaurant.

5. I-Bank Grows in Namesake East Memphis Office Tower -

Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.

6. I-Bank Tower on Poplar Sells for $14.4 Million -

5050 Poplar Ave. Memphis, TN 38117

Sale Amount: $14.4 million

Sale Date: Sept. 14, 2012

7. I-Bank Tower Sells For $14.4 Million -

The I-Bank Tower at 5050 Poplar Ave. in East Memphis has traded hands for $14.4 million, although the sale appears to be an internal transfer as the result of a corporate acquisition.