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Editorial Results (free)

1. CWCapital Sheds Willow Lake Buildings -

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

2. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

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. Collierville Napa Store Sells for $1.1 Million -

A Fogelman Investment Co. executive has paid $1.1 million for the 7,750-square-foot Napa Auto Parts store at 270 W. U.S. 72 in Collierville.

5. Ridge Lake Building Sold After Foreclosure -

756 Ridge Lake Blvd.
Memphis, TN 38120
Sale Amount: $2.9 million

Sale Date: May 8, 2014
Buyer: Life Insurance Co. of the Southwest
Seller: Brooks R. Smith, successor trustee
Details: The 38,472-square-foot Ridge Lake Office Building at 756 Ridge Lake Blvd. in East Memphis has sold back to the lender for $2.9 million following a foreclosure.

6. Forest Hill Technology Center Sells for $5.2 Million -

3860 Forest Hill-Irene Road
Germantown, TN 38125
Sale Amount: $5.2 million

Sale Date: March 31, 2014
Buyer: 3860 Forest Hills Irene LLC
Seller: BACM 2007-1 Irene Road LLC
Loan Amount: $5.6 million
Loan Date: April 17, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA

7. 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.

8. Dallas Company Buys Macon Road Center -

6100 Macon Road
Memphis, TN 38134
Sale Amount: $1.2 million

Sale Date: March 26, 2014
Buyer: PNL Cumberland LLC
Seller: Flagstar Bank FSB
Loan Amount: $862,500
Loan Date: April 1, 2014
Maturity Date: N/A
Lender: Pinnacle Bank
Details: An affiliate of Dallas-based The PNL Cos. has paid $1.2 million for the 30,000-square-foot shopping center at 6100 Macon Road in Northeast Memphis.

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

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

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

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

11. Orpheum Files Permit For Performing Arts Center -

225 S. Main St.
Memphis, TN 38103

Permit Cost: $10.2 million

Project Cost: $14.5 million

12. Former Motel 6 Sells for $1.4 Million -

1321 Sycamore View Road
Memphis, TN 38134
Sale Amount: $1.4 million

Sale Date: Jan. 13, 2014
Buyer: P & S Hospitality LLC
Seller: G6 Hospitality Property LLC
Loan Amount: $1.1 million
Loan Date: Jan. 14, 2014
Maturity Date: N/A
Lender: Argent Bank
Details: The former Motel 6 at 1321 Sycamore View Road in Northeast Memphis has traded hands for $1.4 million.

13. Oakhaven Warehouse Sells for $1.2 Million -

4300 Air Trans Road
Memphis, TN 38118
Sale Amount: $1.2 million

Sale Date: Dec. 17, 2013
Buyer: Chob Realty LLC
Seller: Tenn Trans LLC
Loan Amount: $950,000
Loan Date: Dec. 19, 2013
Maturity Date: N/A
Lender: BankPlus
Details: The 109,626-square-foot warehouse at 4300 Air Trans Road in Oakhaven has traded hands for $1.2 million.

14. Cordova Creek Apartments Sell for $12.5 Million -

1175 N. Germantown Parkway
Memphis, TN 38016
Sale Amount: $12.5 million

15. Bartlett Gas Station, Store Sell for $1.9 Million -

The Flash Market Citgo gas station and convenience store at 6505 Memphis-Arlington Road in Bartlett has sold for $1.9 million.

An entity called 6505 Memphis Arlington Bartlett TN LLC, which is a local affiliate of Florida real estate company Noble Properties, bought the property in a Dec. 13 special warranty deed from St. Elmo Place LLC.

16. Embassy Suites Memphis Sells for $24.8 Million -

1022 S. Shady Grove Road
Memphis, TN 38119
Sale Amount: $24.8 million

Sale Date: Nov. 15, 2013
Buyer: 1022 South Shady Grove LLC
Seller: 1022 Shady Grove LLC
Loan Amount: $22.6 million
Loan Date: Nov. 15, 2013
Maturity Date: N/A
Lender: Great American Life Insurance Co.
Details: An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.

17. Wenco Files Construction Loan for Volvo of Memphis -

7910 Trinity Road
Cordova, TN 38018
Loan Amount: $4.2 million

Loan Date: Nov. 7, 2013
Maturity Date: n/a
Borrower: Wenco Properties LLC
Lender: Wells Fargo Bank NA
Details: Wenco Properties LLC has filed a $4.2 million construction loan through Wells Fargo Bank for the Volvo of Memphis dealership it is building at 7910 Trinity Road in Cordova.

18. Developer Buys Land for Somerset Subdivision -

26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million

Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3 acres near the intersection of Germantown and Neshoba roads.

19. Medical Office Facility Sells for $5.9 Million -

7865 Educators Lane
Memphis, TN 38133
Sale Amount: $5.9 million

Sale Date: Sept. 26, 2013
Buyer: GA HC REIT II Bartlett TN MOB LLC
Seller: APD Investments LLC, Robert S. Biscan, The Colony Group LP and Amir H. Mehrabi
Details: An affiliate of Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has paid $5.9 million for the medical office building at 7865 Educators Lane in Northeast Memphis.

20. Medical Office Facility Sells for $5.9 Million -

An affiliate of Newport Beach, Calif.-based Griffin-American Healthcare REIT II Inc. has paid $5.9 million for the medical office building at 7865 Educators Lane in Northeast Memphis.

21. Keystone Landing Complex Sells for $4.6 Million -

4266 Ridgestone Road
Memphis, TN 38128
Sale Amount: $4.6 million

Sale Date: Sept. 12, 2013
Buyer: Keystone Landing Apartments LLC
Seller: Ridgemont Investors LLC
Loan Amount: $3.5 million
Loan Date: Sept. 12, 2013
Maturity Date: N/A
Lender: Arbor Commercial Funding LLC
Details: The 150-unit Keystone Landing apartment complex at 4266 Ridgestone Road in Raleigh has sold for $4.6 million.

22. Exeter Property Group Buys Adjacent Warehouses -

Affiliates of Pennsylvania-based Exeter Property Group have paid a combined $9.4 million for the warehouses at 3630 E. Raines Road and 3676 E. Raines Road in Oakhaven.

23. Oklahoma Hotel Group Buys Baymont Inn -

6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million

Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Lender: InterBank
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

24. Raleigh Sam’s Club Sells for $11.4 Million -

2150 Covington Pike
Memphis, TN 38128
Sale Amount: $11.4 million

Sale Date: June 25, 2013
Buyer: Realty Income Properties 25 LLC
Seller: Dune SC Sub II LLC
Details: The Sam’s Club at 2150 Covington Pike in Raleigh has sold for $11.4 million to a California investor.

25. Presidents Island Property Sells for $1.1 Million -

2269 Channel Ave.
Memphis, TN 38106
Sale Amount: $1.1 million

Sale Date: July 15, 2013
Buyer: CHS Inc.
Seller: Holcim (U.S.) Inc.

26. Virginia Company Buys Poplar Avenue Retail Property -

7665 Poplar Ave. Germantown, TN 38138

Sale Amount: $2.9 million

Sale Date: April 19, 2013

27. Extra Space Storage Owner Files Loan -

The owner of the Extra Space Storage facility at 2625 Mount Moriah Road in Hickory Hill has filed a $2.6 million loan on the property.

28. U of M Files Permit for New Residence -

3615 Central Ave. Memphis, TN 38111

Permit Cost: $43.5 million

Project Cost: $53 million

29. City, Bass Pro File Permits for Pyramid Renovations -

1 A.W. Willis Memphis, TN 38105

Permit Costs: $21.5 million; $7 million

Project Cost: TBA

Permit Date: Applied January 2013

Completion: TBA

Owner: City of Memphis

30. MED Buys East Memphis Land for $3.4 Million -

6525 Quince Road Memphis, TN 38119

Sale Amount: $3.4 million

Sale Date: Nov. 16, 2012

31. Gallina Centro Property Sells for $7.1 Million -

An affiliate of the Phoenix-based real estate investment trust Cole Capital Advisors Inc. has paid $7.1 million for the portion of the Gallina Centro strip center in Collierville that houses HomeGoods and Michael’s.

32. Shelby Crossing Retail Center Sells for $2M in Foreclosure -

6100 Macon Road
Memphis, TN 38134

Sale Amount: $2 million

Sale Date: July 13, 2012

33. Nursing Home Owner Files $13 Million Loan -

3549 Norriswood Ave.
Memphis, TN 38111

Loan Amount: $13 million

Loan Date: July 13, 2012

34. G&I Sells 2 Multifamily Sites For Combined $55.8 Million -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $32 million

Sale Date: June 20, 2012

35. Farrisview Freight Terminal Sells for $1.7 Million -

2727 Farrisview Blvd.
Memphis, TN 38118

Sale Amount: $1.7 million

Sale Date: April 27, 2012

36. Site Work for St. Jude Tower Part of Permit Application -

315 Danny Thomas Place
Memphis, TN 38105

Permit Cost: $5 million

Project Cost: $190 million

37. $1.5 Million Loan Filed For Future Vantage Point Golf -

Future Vantage Point Golf Center

Loan Amount: $1.5 million

Loan Date: Feb. 28, 2012

Maturity Date: March 1, 2037

Borrower: Vantage Point Holdings LLC

38. Bill to Strip Courts' Power to Block Laws Dropped -

NASHVILLE (AP) – The sponsor of a proposal to strip state courts of the power to block laws enacted by the Tennessee General Assembly quietly withdrew the bill on Monday after receiving heavy criticism from both sides of the political aisle.

39. Nursing Homes Sell For $30 Million -

200 South Parkway W.
Memphis, TN 38109

Sale Amount: $15.9 million

Sale Date: Jan. 10, 2012

40. Lamar Crossing Apts. Changes Owners Again -

2881 Lamar Ave.
Memphis, TN 38114
Loan Amount: $3.5 million

Loan Date: Oct. 7, 2011
Maturity Date: n/a
Borrower: Lamar Apartments LP
Lender: Nessko TN LLC

41. Toyota Dealership Site Financed for $14.3M -

CARS-DB5 LLC has financed property occupied by Wolfchase Toyota at 2201 N. Germantown Parkway in Cordova through Citibank NA for $14.3 million. The limited liability company owns only the property – not the business – and leases the site to UAG Memphis II Inc.

42. Land South of Shelby Forest Sells for $2.3 Million -

Vacant Land
Near Shelby Forest Park
Sale Amount: $2.3 million

Sale Date: Nov. 17, 2011
Buyer: Warren Nickolas Nunn
Seller: Estate of William S. Howard Sr.
Loan Amount: $2.5 million
Loan Date: Nov. 18, 2011
Maturity Date: n/a
Lender: Patriot Bank
Details: Warren Nickolas Nunn has bought several large parcels of vacant land from the estate of William S. Howard Sr. for $2.3 million, financing it with a $2.5 million loan through Patriot Bank.

43. $18.8M Loan Filed to Build Robinwood Retirement Community -

Construction Loan For Robinwood Retirement Community
Loan Amount: $18.8 million

Loan Date: Sept. 27, 2011

Maturity Date: Sept. 30, 2014, with conversion option that would extend maturity to Sept. 30, 2016

44. Hickory Hill Storage Site Sells for $1.8 Million -

Hickory Hill Self Storage LLC, an affiliate of the Waldorf, Md.-based Saba Group Inc., has bought a self-storage facility at 3545 Hickory Hill Road from ESS PRISA II LLC for $1.8 million.

45. Bioworks Foundation to Build Specialized Lab on S. Dudley -

45 S. Dudley St.
Memphis, TN 38103
Permit Amount: $15.2 million

Project Cost: $15.2 million

46. Atlanta Investment Group Buys Holiday Inn Select -

5795 Poplar Ave.
Memphis, TN 38119
Sale Amount: $7.5 Million

Sale Date: July 19, 2011

47. $3 Million in Permits Filed For Hacks Cross Buildings -

3152 Hacks Cross Road and
3168 Hacks Cross Road

Permit Amounts: $1.4 million (3152 Hacks
Cross); $1.6 million (3168 Hacks Cross)

48. Cabot Affiliate Buys Airport Industrial Warehouse -

3924 Crowfarn Drive
Memphis, TN 38118
Sale Amount: $2.2 million
Sale Date: March 28, 2011
Buyer: Cabot III-TN1M01 LLC
Seller: MM Industrial Memphis LLC

49. Infinity Real Estate Buys Office Building for $1.2 Million -

5100 Sanderlin Ave.
Memphis, TN 38117
Sale Amount: $1.2 million

Sale Date: Feb. 16, 2011
Buyer: Infinity Real Estate LLC
Seller: Blanchard E. Tual, successor trustee of the Don Wallace Morgan Family Trust created under the last will and testament of Don Wallace Morgan dated Dec. 8, 2003, and Mary Katherine Fouts and Douglas A. Garner, co-trustees of the Fouts Estate Family Trust created under the last will and testament of Jimmie Darrell Fouts dated June 15, 2005
Loan Amount: $1.3 million
Loan Date: Feb. 16, 2011
Maturity Date: Feb. 16, 2026
Lender: First Tennessee Bank NA

50. Yogurt Shop Slated for South Main Street -

94 S. Main St.
Memphis, TN 38103
Permit Amount: $80,000

Project Cost: n/a
Permit Date: Applied January 2011
Completion: n/a
Owner: BMJ LLC
Tenant: BMK of Memphis LLC

51. Louis Dreyfus Buys Kentucky Drive Warehouse -

2514 Kentucky Drive
Memphis, TN 38106
Sale Amount: $2.4 million

Sale Date: Dec. 28, 2010
Buyer: Louis Dreyfus Commodities Memphis Warehousing LLC
Seller: Westside Compress Co. Inc.

52. Civil Rights Museum Files Permit for Phase One Redesign -

450 Mulberry St.
Memphis, TN 38103
Permit Amount: $1 million

Permit Date: Applied January 2011
Owner: State of Tennessee
Tenant: National Civil Rights Museum Foundation
Architect: Self Tucker Architects Inc.

53. Cypress Realty Holdings Buys Millington Perkins Site -

8472 New Wilkinsville Road
Millington, TN 38053
Sale Amount: $1.3 Million

54. YMCA Buys Former Cordova Athletic Club -

7950 Club Center Drive
Cordova, TN 38018
Sale Amount: $2 million

Sale Date: Dec. 1, 2010
Buyer: YMCA of Memphis & the Mid-South
Seller: Cordova AC LLC
Loan Amount: $4.7 million
Loan Date: Dec. 1, 2010
Maturity Date: n/a
Lender: Regions Bank and Regions Equipment Finance Corp. (together, the beneficiary)

55. TNInvestcos Close On Sales of Tax Credits -

State officials announced Wednesday that new TNInvestcos have closed on the sale of tax credits that will generate an additional $60 million in venture capital for startup businesses.

The four new TNInvestcos include Memphis-based MB Venture Partners. The others are NEST-TN, Solidus-TNInvestco and Tennessee Angel Fund.

56. Wright Medical Files Permit For Arlington Distribution Center -

11481 Gulf Stream Ave.
Arlington, TN 38002
Permit Amount: $2.2 Million

Project Cost: N/A
Permit Date: Applied May 2010
Completion: N/A
Owner: Wright Medical Group Inc.
Tenant: Wright Medical Group Inc.
Contractor: N/A
Architect: N/A

57. Carlisle Corp. Files Building Permit For Downtown Corporate Headquarters -

263 Wagner Place
Memphis, TN 38103
Permit Amount: $1.5 Million

Project Cost: $2.7 million
Permit Date: Applied April 2010
Completion: TBA
Owner: Carlisle Corp.
Tenant: Carlisle Corp.
Contractor: N/A
Architect: N/A

58. New York Company Buys 158-Unit Greenview Estates in Raleigh -

4650 Hedges Drive
Memphis, TN 38128
Sale Amount: $3 Million

Sale Date: Dec. 17, 2009
Buyer: Greenview Estates LLC
Seller: Greenview Townhomes LLC
Loan Amount: $2.1 million
Loan Date: Dec. 17, 2009
Maturity Date: N/A
Lender: Bloomfield Institutional Opportunity Fund LLC

59. Renal Company Sells Clinic, Leases It Back From New Owner -

4185 Pace Road
Memphis, TN 38116
Sale Amount: $2 Million

Sale Date: Dec. 17, 2009
Buyer: BanBan South Memphis LLC
Seller: RAI II LLC
Loan Amount: $1.5 million
Loan Date: Dec. 15, 2009
Maturity Date: March 7, 2011
Lender: First Security Bank

60. Conwood Buys Hickory Hill Facility For Planned $133 Million Expansion -

5106 Tradeport Drive
Memphis, TN 38141
Sale Amount: $19.3 Million

Sale Date: Nov. 5, 2009
Buyer: Conwood Co. LLC
Seller: Chickasaw and Goodman Realty Holding Co.
Details: Conwood Co. LLC on Nov. 5 formally acquired the 787,500-square-foot facility at 5106 Tradeport Drive in Hickory Hill South for $19.3 million. Conwood earlier this year announced plans to buy the building, where it will expand its manufacturing operation of the smokeless tobacco products Kodiak and Grizzly.

61. Golf Performance Center Slated For Timberlake’s Mirimichi -

6129 Woodstock Cuba Road
Millington, TN 38053
Permit Amount: $1.3 Million

Project Cost: $1.3 million
Permit Date: Applied October 2009
Completion: 2010
Owner: Big Creek Golf LLC
Tenant: Callaway Performance Center
Contractor: Eagle Contractors Inc.
Architect: N/A

62. Louisiana Investor Buys Arlington Retail Center -

6050 Air Line Road
Arlington, TN 38002
Sale Amount: $1.8 Million

Sale Date: Sept. 2, 2009
Buyer: Southeast Investments LLC
Seller: Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery, Phillip Chamberlain

63. Winbranch Apartments Sold Following Foreclosure -

3595 Millbranch Road
Memphis, TN 38116
Sale Amount: $4 Million

Sale Date: June 4, 2009
Buyer: LBUNS 2004-C4 Millbranch Road LLC
Seller: Ronald G. Steen Jr., successor trustee

64. Bill Supporting Gore Statue Fails in Tenn. -

NASHVILLE, Tenn. (AP) - Senate Republicans on Tuesday rejected a resolution urging the erection of statues to honor the state's two Nobel Peace Prize winners, Al Gore and Cordell Hull, on Tennessee Capitol grounds.

65. Comptroller Suggests Reforms for Bond Financing -

NASHVILLE, Tenn. (AP) - The Tennessee comptroller on Friday recommended preventing smaller cities and counties from entering into complex bond deals because they are too risky.

Some cities, counties and utility districts in Tennessee are struggling under derivative bonding arrangements that sent their interest payments skyrocketing and suddenly reduced how much time they have to pay off their debts.

66. Permit Filed For Owens Corning Alteration -

693 Corrine Ave.
Memphis, TN 38107
Permit Cost: $600,000

Permit Date: Applied March 2009
Owner: Belz Union Realty Co. GP
Tenant: Owens Corning Corp.
Contractor: Southern Integrated Services Inc.

67. 100 South Main Partners Secure Project Financing -

100 S. Main St.
Memphis, TN 38103
Loan Amount: $9.5 Million

Loan Date: Dec. 23, 2008
Maturity Date: N/A
Borrower: 100 South Main Partners
Lender: SunTrust Bank

68. Central Church Makes Strategic Land Acquisition - 20 acres in Collierville
Sale Amount: $1.8 Million
Sale Date: Dec. 11, 2008

Buyer: Central Church Inc.
Seller: Marion L. Waldrup Sr. Revocable Living Trust, Frederick T. Stukenborg, Trustee
Loan Amount: $1.5 million
Loan Date: Dec. 15, 2008
Maturity Date: March 5, 2010
Lender: SunTrust Bank

Details: Central Church Inc. has bought a 20.9-acre parcel of vacant land directly behind its 2005 Winchester Blvd. location in Collierville for $1.8 million from the Marion L. Waldrup Sr. Revocable Living Trust, Frederick T. Stukenborg, Trustee.

Zoned residential, the property fronts South Houston Levee Road on the eastern side of the road. Central Church administrator Jim Pritchard said the land acquisition was strategic for the church.

“It’s the last piece of property that’s between us and Houston Levee, and obviously they don’t make any more of that (land),” Pritchard said. “Over the last five years we’ve just been praying and searching the Lord and seeing what might work out, and He just orchestrated it in such a way that we were able to purchase that property, so we moved to that end.”

The Shelby County Assessor of Property’s 2008 appraisal is $682,900.

Pritchard said the church plans to build a road through the property, connecting the church with South Houston Levee Road, but nothing is imminent since the church would need approval from Collierville before moving forward.

“That’s a pretty important piece to be able to have access to Houston Levee at some point in the future,” Pritchard said, “so we thought that was something the Lord would have us go ahead and do.”


6267 Poplar Ave.
Memphis, TN 3819
Loan Amount: $785,000

Loan Date: Dec. 12, 2008
Maturity Date: N/A
Borrower: Poplar Station South GP
Lender: SunTrust Bank

Details: A development group called Poplar Station South GP has filed a construction loan for $785,000 for a vacant lot that sits on the south side of Poplar Avenue, east of Ridgeway Road and west of West Massey Road. The lender is SunTrust Bank. The loan document included an assignment of rents, security agreement and fixture filing, and a separate assignment of rents and leases was signed in conjunction with the sale. The 6,000-square-foot lot will house a 5,000-square-foot retail center, said John B. Walker, managing partner at Poplar Station South GP. The address of the center will be 6267 Poplar Ave. “It’s a retail building,” Walker said. “It is (100 percent) leased. We’re trying to get our plat recorded; if we get our plat recorded, we’re going to start construction this week.” Walker said the plan is to finish the retail center by April or May.


3141 Stage Post Drive
Memphis, TN 38133
Sale Amount: $1.1 Million

Sale Date: Dec. 15, 2008
Buyer: John T. Crunk, Trustee of the Anna Caroline Crunk Trust (50 percent), and John T. Crunk, Trustee of the John T. Crunk III Trust (50 percent)
Seller: Kenny W. King

Details: A 21,190-square-foot warehouse in Bartlett has sold for $1.1 million to John T. Crunk, serving as trustee of both the Anna Caroline Crunk Trust and the John T. Crunk III Trust. Both trusts bought 50 percent of the property. The trustee lists a Nashville address. The warehouse was built in 1993. It sits on 1.76 acres in the Bartlett Corporate Park-East Phase II, northwest of the Stage Road and North Germantown Parkway intersection. The Shelby County Assessor of Property’s 2008 appraisal is $1 million.


Vacant Land in Bartlett
Sale Amount: $5.9 Million

Sale Date: Dec. 17 (substitute trustee’s sale)
Buyer: Liberty Bank of Arkansas
Seller: D.B. Bridgforth, Substitute Trustee

Details: Liberty Bank of Arkansas reacquired four parcels of land in Bartlett. The bank bought the land in a Dec. 17 substitute trustee’s sale on the steps of the Shelby County Courthouse. The property had been foreclosed after the owner, First Capital Investments LLC, defaulted on its Dec. 23, 2004, construction loan for $5.8 million through Jonesboro, Ark.-based Liberty Bank of Arkansas. Kenneth Burden was listed as chief manager for First Capital Investments.


...

69. Quartet of TICs Joins Countrywood Crossing -

2257 N. Germantown Parkway
Memphis, TN 38116
Sale Amount: $6.7 Million (combined)

70. Chicago Firm Buys Another Memphis Warehouse -

4219 Air Trans Road
Memphis, TN 38118
Sale Amount: $8.4 Million

Sale Date: Nov. 5, 2008
Buyer: Memphis Air Trans LP
Seller: TC Air-T Industrial LLC
Loan Amount: $6.7 million
Loan Date: Nov. 5, 2008
Maturity Date: N/A
Lender: Union Bank of California NA

71. Enterprise Rent-A-Car Building 10,000-Square-Foot Facility -

2424 Appling Road
Memphis, TN 38133
Permit Amount: $2.3 Million

Project Cost: TBA
Permit Date: Applied November 2008
Completion: Summer 2009
Owner: Enterprise Rent-A-Car
Tenant: Enterprise Rent-A-Car
Contractor: Chris Woods Construction Co. Inc.
Architect: Renaissance Group

72. Playhouse on the Square To Build New Theater -

60 S. Cooper St.
Memphis, TN 38104
Permit Cost: $8.3 million

Project Cost: $12 million
Project Date: Aug. 12, 2008
Completion: Fall 2009
Owner: Playhouse on the Square
Tenant: Playhouse on the Square
Architect: Morris Architects Planners Inc.
Contractor: Montgomery Martin Contractors LLC

73. LaPaloma Treatment Center To Start Building $4 Million Wing -

1248 Lapaloma St.
Memphis, TN 38114
Permit Amount: $4 Million

Project Cost: $4 million
Permit Date: Applied July 2008
Completion: End of year
Owner: LaPaloma Treatment Center
Tenant: LaPaloma Treatment Center
Architect: Looney Ricks Kiss
Contractor: Grinder, Tabor & Grinder Inc.
Details: LaPaloma Treatment Center is preparing to break ground on a new wing for its 10-acre campus on Lapaloma Street, south of Lamar Avenue near Foster Avenue in the Defense Depot area.

74. Pedcor Files Construction Loan For Ashland Lakes Phase II -

Address: 7660 State Line Road

Memphis, TN 38125

Sale Amount: $1.3 Million

Sale Date: May 13, 2008

Buyer: Pedcor Investments-2007-CVIII LP

Seller: Pedcor Investments

75. Jo-Ann Fabric, Dollar Tree Coming to Centennial Commons -

7746 and 7686 Polo Grounds Blvd.
Memphis, TN 38125
Permit Amounts: $1.1 Million and $360,000

Project Cost: $1.5 million
Permit Date: Applied April 2008
Completion: TBA
Owner: Michael Lightman Realty Co.
Tenants: Jo-Ann Fabric and Craft Stores and Dollar Tree Stores Inc.
Contractor: Linkous Construction Co. Inc.
Details: Michael Lightman Realty Co. has filed two more permits for construction on the 250,000-square-foot Centennial Commons shopping center on Polo Grounds Boulevard., north of Winchester Road, east of Tenn. 385 and south of Callis Cutoff Road. Lightman will build stores for Jo-Ann Fabric and Craft Stores and Dollar Tree Stores Inc., with construction beginning in the next two weeks and finishing later in the year, said Michael Lightman Jr. Those two retailers will join JCPenney and Dick’s Sporting Goods; construction already has begun on those stores.
Lightman said the shopping center has room for more tenants, but he will wait for users and build stores to suit. He is targeting additional retail shops for the remaining space, looking for holes in the busy 385/Winchester/Hacks Cross area. “We’re trying to meet all needs,” he said. “It’s going to be very nice.”
Lightman said Centennial Commons’ first openings should occur in October. “JCPenney will be open sooner, but they’re a little bit ahead of everybody else,” Lightman said. Centennial Commons is part of the 300-acre Centennial Park project, which Michael Lightman Realty Co. has been developing for a decade. Centennial Park includes retail stores, medical offices, restaurants, a hotel and apartments.

76. Archived Article -

7656, 7658 and 7660 Poplar Pike
Germantown, TN 38138
Permit Amounts: $800,000, $780,000 and $660,000

Project Cost: $3.5 million

77. Archived Article -

6101 Shelby Oaks Drive
Memphis, TN 38134
Loan Amount: $2.4 million

Sale Date: March 13, 2008

Buyer: Splendid Hospitality LLC

78. Katt Worldwide Logistics To Rebuild Headquarters -

4105 S. Mendenhall Road
Memphis, TN 38115
Permit Amount: $1.7 million
Project Cost: $1.7 million
Permit Date: Applied March 2008
Completion: July 2008
Owner: Cabot II TN1W07 LLC
Tenant: Katt Worldwide Logistics
Architect: Denton Architecture
Contractor: Instar Services Group LP
Details: One month after a storm shredded its Southeast Memphis headquarters, Katt Worldwide Logistics formally has begun the rebuilding process. Cabot II TN1W07 LLC, the owner of Katt's headquarters at 4105 S. Mendenhall Road, filed application to repair the 112,000-square-foot building that houses Katt's corporate offices and some of its warehouse space. The local ownership group is affiliated with Boston-based Cabot Properties Inc.
The $1.7 million repair will target the company's roof and rear wall, which were blown away the night of Feb. 5 when tornadoes tore through the Mid-South. It will be the second overhaul to the building in less than a year - the company had completed an interior renovation a few weeks before the storm hit. Plans call for a similar office design with a few more offices.
"Everything was brand new, so we're excited about getting back in there brand new again," said Katt chief operating officer Mike Kattawar Sr., adding that the company's contractor, Instar Services Group LP, showed up the morning after the storm to assess the damage. "They're going to have us back in our building by the end of July. That's the goal. Those guys are all over it. They were there Day 1, and they've been there ever since. They've got all the skills and abilities to get us in there."

...

79. Legacy Center Buildout Closer to Completion -

1661 Aaron Brenner Drive
Memphis, TN 38120
Permit Amounts: $1 million total

Project Cost: $11.3 million

80. First South BuysGallina Centro Parcel -      First South Credit Union has purchased an acre of land on the west side of the multi-use Gallina Centro retail center, on Houston Levee Road between Winchester Road and West Poplar Avenue in Collierville.
  

81. Archived Article -

3660, 3670 and 3680 Houston Levee Road
Collierville, TN 38017
Sale Amount: $15.8 million

Sale Date: Jan. 22, 2008

82. Archived Article -

8580 Tournament Drive
Memphis, TN 38125
Sale Amount: $3 million

Sale Date: Nov. 30, 2007

Buyer: Heico Holding Inc.

83. Archived Article -

756 Ridge Lake Blvd.
Memphis, TN 38120
Sale Amount: $4.3 million

Sale Date: Nov. 16, 2007

Buyer: 756 RL Group I LLC (78.439 percent interest); 756 RL Private Investor I LLC (12.139 percent interest); 756 RL Private Investor II LLC (9.422 percent interest)

84. Archived Article -

The Laurels condos at
Highland Street and Central Avenue
Loan Amount: $10.5 million

Loan Date: Nov. 13, 2007

85. Archived Article -

2855 N. Houston Levee Road
Cordova, TN 38016
Sale Amount: $4.6 million

Sale Date: Oct. 23, 2007

Buyer: JF Storage Holding LLC

86. Archived Article -

7819 Crescent Ridge Lane
Memphis, TN 38133
Sale Amount: $16.3 million

Sale Date: Aug. 16, 2007

Buyer: Morgan Crescent at Wolfchase LLC

87. Archived Article -

1068 Cresthaven Road
Memphis, TN 38119
Sale Amount: $3.3 million

Sale Date: Aug. 21, 2007

Buyer: FPA Cresthaven Associates LLC

88. Archived Article -

6125 Shelby Drive
Memphis, TN 38141
Sale Amount: $13.5 million

Sale Date: July 20, 2007

Buyer: NatTennessee GP

89. Archived Article -

2380 James Road
Memphis, TN 38127
Sale Amount: $4.9 million

Sale Date: May 1, 2007

Buyer: FPX Leasing II LLC

90. Archived Article -

5539 Elvis Presley Blvd.
Memphis, TN 38116
Sale Amount: $3.1 million

Sale Date: June 8, 2007

Buyer: ArciTerra DG Memphis TN LLC

91. Archived Article -

1130 Legacy Farm Court
Collierville, TN 38017
Sale Amount: $36.5 million

Sale Date: June 12, 2007

Buyer: Legacy Farm LLC

92. Archived Article -

Three Memphis
Senior living communities
Sale Amounts: $11 million; $11.6 million; $7.1 million

Sale Date: April 26, 2007

93. Archived Article -

Trinity Ridge Business Center
North of Trinity Road
Sale Amount: $22.9 million

Sale Date: March 29, 2007

94. Archived Article -

Gallina Centro Retail Center
On Houston Levee Road
Sale Amount: $17.8 million

Sale Date: March 26, 2007

95. For Bella Vista Buyers, Hickory Hill Is a Beautiful Site Indeed -

3316 Hickory Hill Road
Memphis, TN 38115
Sale Amount: $10.9 million

Sale Date: March 22, 2007

Buyer: Maple Creek Properties I LP

96. Phoenix-Based Cole BuysGallina Centro Retail Center -      Gallina Centro Retail Center, the Boyle Investment Co. development at the corner of Winchester and South Houston Levee roads, has been bought for $17.8 million by the Phoenix-based real estate investment trust (REIT) tha

97. Archived Article -

Four parcels near
Germantown Parkway
Sale Amounts: $700,000; $28.3 million

Sale Date: Feb. 15, 2007 (for both)

98. Archived Article -

1215 E. Shelby Dr.
Memphis, TN 38116
Sale Amount: $20 million

Sale Date: Jan. 10, 2007

Buyer: Southland Mall Shopping Center LLC

99. DCT Reacquires Eastpark II Through Buyback Option -

5405 Hickory Hill Road
Memphis, TN 38141
Sale Amount: $11.6 million total

Sale Date: Jan. 25, 2007

100. Archived Article -

3845 Crowfarn Drive
Memphis, TN 38118
Sale Amount: $2.8 million

Sale Date: Dec. 14, 2006

Buyer: Cabot II-TN1W09 LLC