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Editorial Results (free)

1. Germantown Board OKs Whole Foods Zoning -

Two major retail projects in Germantown have received a green light to move forward.

The Germantown Board of Mayor and Aldermen on Monday, Jan. 27, approved several zoning exemptions for a proposed Whole Foods store – important votes that moved the project closer to completion – as well as a redevelopment plan for the Shops at Saddle Creek.

2. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

3. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

4. Germantown Planning Commission OKs Plan for Whole Foods -

Developers on Tuesday, Jan. 7, cleared a key regulatory hurdle for a planned Whole Foods Market store in Germantown.

Before a packed house, the Germantown Planning Commission voted to approve a revamped plan for a new Whole Foods store at the southeast corner of the intersection of Poplar Avenue and Pete Mitchell Road, on the eastern edge of Germantown’s Central Business District.

5. Whole Foods Delays Germantown Store Request -

The development team behind a proposed Whole Foods store in Germantown has withdrawn its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month.

6. Traffic Concerns Delay Germantown Whole Foods -

The development team behind a proposed Whole Foods store in Germantown is going back to the drawing board after some neighbors expressed concerns about the project, particularly over traffic.

The development team withdrew its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month. After that, the development team would need approval from Germantown’s Board of Mayor and Aldermen.

7. Whole Foods Delays Germantown Store Request -

The development team behind a proposed Whole Foods store in Germantown has withdrawn its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month.

8. Fresh Market, Whole Foods Seek Approval From Boards -

Two planned high-profile grocery stores will be seeking regulatory approval in the coming weeks.

The Fresh Market is applying for a special-use permit from the Land Use Control Board Dec. 12 to convert the existing Ike’s store on Union Avenue into one of the chains upscale grocery stores.

9. Suburban Prospects -

Walker Taylor’s business philosophy is a simple one, and it’s helping keep his Germantown-based restaurant a must-visit for diners from around the world.

10. Apartment, Retail Markets Holding Steady -

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

11. Whole Foods Eyes Germantown Site -

Whole Foods Market and local development firm Cypress Realty Holdings Co. are targeting the Poplar Avenue corridor in Germantown for the Memphis area’s second Whole Foods store.

12. Cypress Realty Holdings Buys 114 Acres for $2.5 Million -

An affiliate of Memphis-based real estate company Cypress Realty Holdings Co. has paid $2.5 million for 114 acres of land at the southwest corner of Walnut Grove and Houston Levee roads in unincorporated eastern Shelby County.

13. 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.

14. Cypress Realty Sells Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has sold the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova for $2 million.

15. Virginia Company Buys Poplar Avenue Retail Property -

7665 Poplar Ave. Germantown, TN 38138

Sale Amount: $2.9 million

Sale Date: April 19, 2013

16. Cypress Realty Pays $1.7 Million for Office Condos -

Memphis-based realty investment fund Cypress Realty Holdings has paid $1.7 million for a trio of office condominiums at 717 White Station Road.

17. Cypress RE Fund Buys Perkins BYB Property -

Memphis-based realty investment fund Cypress Realty Holdings has bought Back Yard Burgers’ property at 436 Perkins Road Extended for $1.2 million.

18. Memphis Firm Acquires Two Atlanta Properties -

Memphis-based Cypress Realty Holdings Co. has acquired two outparcels in the North Atlanta market.

19. Highwoods Extends Tenants at Southwind Office Center -

Raleigh, N.C.-based Highwoods Properties Inc. has signed two deals at its Southwind Office Center, a 62,000-square foot, three-story building with views of the Tournament Players Club at Southwind golf course.

20. Cypress Realty Holdings Buys Millington Perkins Site -

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

21. Cypress Realty Holdings Buys Millington Perkins -

Cypress Realty Holdings Co. II LLC has paid $1.3 million for the Perkins Restaurant & Bakery at 8472 New Wilkinsville Road in Millington in a special warranty deed.

22. Cypress Realty Buys Atlanta-Area Properties -

Memphis-based Cypress Realty Holdings Co. has acquired three outparcels in The Avenue Webb Gin, a 356,000-square-foot open-air retail center in Snellville, Ga., northeast of Atlanta.

23. 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.

24. Cypress Buys T-Mobile’s Union Avenue Store -

Memphis-based Cypress Realty Holdings Co., a private real estate investment trust managed by Joe Jarratt and Price Ford, has bought the retail/billboard site at 1860 Union Ave. in Midtown for $950,000. Operating in the transaction as Cypress Realty Holdings Co. II LLC, the company acquired the property Nov. 10 from Louisville, Ky.-based Elvi Partners LLC.

25. Wachovia Securities Inks Wolf River Blvd. Lease -

Cypress Realty Holdings Co., a private real estate investment trust managed by Price Ford and Joe Jarratt, has signed Wachovia Securities, a subsidiary of Wells Fargo & Co., to a 10-year lease for 7,550 square feet of office space in the Wolf River Medical Arts Facility, 7550 Wolf River Blvd.

26. 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

27. Cypress Realty Buys Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has paid $1.4 million for the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova. The building sits on a 1.68-acre outparcel of the former Kmart at 1245 N. Germantown Parkway. That center was redeveloped into an America’s Incredible Pizza Co. and other stores by NPK Cordova LLC, which sold the ground lease to Cypress Realty Holdings.

28. 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.

29. New Facility Boosts Wolf River’s Medical Appeal -

In the span of one week last October, Cypress Realty Holdings Co. bought a pair of commercial lots on Wolf River Boulevard in Germantown for $3.9 million and promptly began construction of a Class A medical office building.

30. Cypress Realty Buys G'town Office Building -

     Memphis-based Cypress Realty Holdings Co. has bought an office building at 7628 W. Farmington Blvd., on the northwest corner of Farmington and Germantown Road in Germantown, for $634,615. Operating as Cypress Realty Holdings Co. II LLC, the company bought the building from Lyle E. and Mary C. Muller on May 1.
     The 6,206-square-foot building was completed in 2007 and houses a Fidelity Investments office. It sits west of the Walgreens at 7650 Farmington Blvd. and east of the Shops of Saddle Creek North.
     "It's an investment for us, it's something that we're looking at for a long-term hold and it's something that fits in well with some of the other properties that we have," said Cypress Realty Holdings principal Joe Jarratt. "It's a high-quality building and triple-A location."
     Fidelity is the only tenant in the building, which was a build-to-suit for that company. The Shelby County Assessor of Property's 2008 appraisal is $730,900. The building sits on .78 acres in the Walgreens at Saddle Creek PUD.
     

...

31. Trumbull to Move Pathology Lab to Wolf River Medical Arts Bldg. -

7550 Wolf River Blvd.
Germantown, TN 38138
Permit Cost: $1.4 million
Project Cost: $1.4 million
Permit Date: Applied February 2008
Completion: Summer 2008
Owner: Cypress Realty Holdings Co.
Tenant: Trumbull Laboratories LLC
Architect: TRO (for the Trumbull build-out)
Contractor: Standard Builders Inc. (for the Trumbull build-out)
Details: Tenant build-out for Trumbull Laboratories LLC's new pathology laboratory. Trumbull, which will occupy all of the second floor and a small part of the first floor of the Wolf River Medical Arts Building at 7550 Wolf River Blvd., will lease the space from Memphis-based Cypress Realty Holdings Co.
The Medical Arts Building is a two-story Class A building on the north side of Wolf River Boulevard just west of Germantown Parkway. The 44,000-square-foot building was designed by The Crump Firm and the general contractor for the whole building is Grinder Taber Grinder. Construction on the building is expected to be complete in the second quarter, with work on Trumbull's space starting in March and wrapping this summer.
Founded in 1998, Trumbull Labs provides anatomic - or tissue - pathology services for doctors and hospitals, said executive director Norman Hill. Most of the company's 100 employees are in Trumbull's current headquarters at 6046 Knight Arnold Road, Suite 101, with about 15 working within area hospitals. "We're kind of on top of one another right now," Hill said of the company's current 16,000-square-foot space. At 23,000 square feet, Trumbull's new facility will allow them to spread out and increase capacity. The company already processes samples numbering in the hundreds of millions each year.

...

32. Archived Article -

Two lots in
Wolf River Office Park
Sale Amount: $3.9 million

Sale Date: Oct. 10, 2007

Buyer: Cypress Realty Holdings Co. II LLC

33. Cypress Realty BuysWolf River Office Park Lots -      Cypress Realty Holdings Co. II LLC has bought two lots totaling 6.67 acres in Wolf River Office Park from J. Kevin Hyneman and Jeffrey Bronze for $3.9 million.
     In conjunction, Cypress f

34. Flying Saucer Set to Open in Cordova -

With an active group of civic and business leaders firmly in place, a swarm of new shops and businesses along its busiest street and now the arrival of a Downtown Memphis fixture, Cordova appears to be hitting its stride.

35. Archived Article: Lead - By Andy Meek

Germantown Parkway Gets More Retail

Parkway Collection to resemble nearby center

ANDY MEEK

The Daily News

More retail options are getting set to open along Germantown Parkway, joining scores of shopping centers, stores an...

36. Archived Article: Real Recap - Addresses on Union Avenue

Circuit Playhouse Buys Property for Theater, Offices

Addresses on Union Avenue

and South Cooper Street

Cost: $1.1 million

Buyer: Circuit Playhouse Inc.

Seller: Union Catfish Co. Ltd.

Property: Property ...