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Editorial Results (free)

1. 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

2. Southwestern Sells Building to Georgia Distributor -

Crown Logistics LLC, an affiliate of Georgia Crown Distributing Co., has paid $5.2 million for the Southwestern Distributing facility at 7625 Appling Center Drive near Bartlett.

3. Menlo Deal Tops Noteworthy Leases -

The Daily News in September launched a new weekly column called “Inked” to spotlight Memphis’ commercial leasing landscape.

Despite tough times, local commercial real estate firms were able to ink plenty of deals in the past four months. Here’s a rundown of some of the most noteworthy commercial leases since Inked’s debut:

4. Crown Files Loan On Hickory Hill Warehouse -

Crown Memphis Associates LLC, an affiliate of Irvine, Calif.-based Crown Realty & Development Corp., has filed a $14.5 million loan through Bank of America NA on its warehouse at 4836 Hickory Hill Road.

5. Allen Takes Helm Of Memphis World Trade Club -

Cannon Allen isn’t a truck driver or freight forwarder. He doesn’t sort cargo or manage a warehouse. But Allen, a partner at the law firm Adams and Reese LLP, is familiar with the inner workings of the transportation and logistics industries.

6. Medtronic Unveils $65M Distribution Expansion -

Executives of Medtronic Inc. celebrated a $65 million expansion of its distribution center Tuesday morning that will allow the medical device company to ship additional products.

7. Commercial Real Estate Tumbles -

After a prolonged and prosperous ride, commercial real estate stumbled in the past year with no signs of regaining its balance anytime soon.

Just 998 commercial sales were made in Shelby County from August 2007 through July 2008, down 17.6 percent from 1,211 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

8. Port Honor Shows ‘What Memphis Is About’ -

Donald McCrory hadn’t heard that the International Port of Memphis would be featured this summer by the U.S. Custom House Guide as its “Port of the Month,” but he wasn’t surprised by the news either.

9. Q4 Commercial Sales Down 8 Percent -

Though Shelby County's commercial real estate performed well through most of 2007, sales declined more than 8 percent in the fourth quarter, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

10. Archived Article -

3595 Steele St.
Memphis, TN 38127
Sale Amount: $3 million

Sale Date: Dec. 28, 2007

Buyer: Corning Village Partners LP

11. Meritex Sells Memphis SiteIn Softer Industrial Market -      Minneapolis-St. Paul-based Meritex Enterprises Inc. has sold its third-party logistics site on Hickory Hill Road in a sale-leaseback transaction, citing a softer industrial real estate market in the area.

12. Archived Article: Idb (lead) - Hewlett-Packard expansion proposes 600 jobs

Hewlett-Packard expansion proposes 600 jobs


The Daily News

With its eye on 2 million square feet of new assembly and distribution space for its Memphis operations, Hewlett-Packa...