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Editorial Results (free)

1. Kroger Buys Union Space for Expansion -

Kroger has acquired the Belvedere Apartments in Midtown as part of a long-term project to reconfigure the grocery store’s antiquated and challenged layout.

Kroger Delta Division closed Wednesday, Sept. 12, on the 10-story apartment high-rise at 1733 Union Ave. from Belvedere Apartment Inc. The sale includes Belvedere’s attached and front parking areas.

2. Monroe Ave. Bldg. Sells For $3.3M -

A fully leased Downtown office building has traded hands for more than twice its assessed value.

309 Monroe Property LLC purchased the 22,792-square-foot property at 309 Monroe Ave. for $3.3 million. The Shelby County Assessor of Property’s 2011 appraisal was $1.5 million.

3. Defense Depot Property Sells for $1.1 Million -

2085 W.E. Freeman Drive
Memphis, TN 38114
Sale Amount: $1.1 million

Sale Date: Sept. 14, 2011

Buyer: Varma Family LP

4. Memphis Defense Depot Slated for Sale -

Memphis Defense Depot – the 4.2 million-square-foot industrial park and former Army base just north of Memphis International Airport – is back on the market.

Once sold, the property will return to the city and county tax base and deliver anticipated tax revenue of approximately $1 million annually, making it one of the more successful national Army base closures.

5. Memphis Defense Depot Slated for Sale -

Memphis Defense Depot – the 4.2 million-square-foot industrial park and former Army base just north of Memphis International Airport – is back on the market.

Once sold, the property will return to the city and county tax base and deliver anticipated tax revenue of approximately $1 million annually, making it one of the more successful national Army base closures.

6. IDB Approves Dalphis Move to Airport Area -

The same day local leaders celebrated the coming move of Electrolux to the Frank C. Pidgeon Industrial Park, members of the Memphis-Shelby County Industrial Development Board were reminded that there remains intense competition for jobs already in Memphis.

7. Net Magan, Others Sued for Breach of Contract -

The parties involved in a $78 million real estate portfolio sale from 2005 now are going to court over what one group calls a breach of contract.

Distriplex Investors LLC has filed a $3.5 million breach of contract complaint in Shelby County Chancery Court against Net Magan Land GP One LLC, Net Magan Land Mezz LLC and Joseph Mizrachi, according to The Daily News Online, www.memphisdailynews.com.

8. PharMEDium Expected to Create Up to 250 Jobs In First Five Years -

Illinois-based pharmacy compounding company PharMEDium Healthcare Corp. has closed on nine acres of property in the Distriplex Farms industrial park south of Holmes Road and is moving ahead with plans to create a compounding facility in Memphis.

9. 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

10. Sitting Pretty -

For anyone who can't see how important FedEx is to Memphis' economy, Wyatt Aiken, senior vice president of Commercial Advisors LLC, paints the following picture:

"If Memphis wasn't a great distribution hub, FedEx wouldn't be here," he said, "and if FedEx wasn't here, we'd be Little Rock."

11. PharMEDium Buys LandFor Memphis Facility -      PharMEDium Healthcare Corp. is moving ahead with plans to create a Memphis compounding facility with the purchase of nine acres in Distriplex Farms industrial park. The company bought the land from Net Magan Land Owner O

12. Distriplex Property Part of Farnsworth Sale -

5400 Distriplex Farms Drive
Memphis, TN 38141
Cost: $10.2 million

Buyer: Net Magan Property Owner One LP

13. Farnsworth Investment Founder Looks to Future -

Farnsworth Investment Co.'s recent sale of its entire 28-building industrial portfolio signals a new beginning for the longstanding Memphis industrial real estate company.

The sale included just under 2 million square feet of industrial space and 169 acres of undeveloped land. But the company is not all that will experience change as a result of the deal. Company founder Tommy Farnsworth Jr. is scaling back his involvement in the industry after a 40-year real estate career.

14. Farnsworth SellsIndustrial Properties - Net Magan LLC has purchased more than 30 industrial buildings and vacant parcels from Farnsworth Investment Co. for $78 million, according to deeds filed with the Shelby County Register of Deeds office through Aug. 26. The properties include a parcel

15. Archived Article: Lead - Industrial Market Looks for Improvement

Industrial Market Perks Up for 2005

Prospects seeking property in Shelby, DeSoto counties

LANCE ALLAN

The Daily News

Month after month, quarter after quarter saw the same story in the local indu...

16. Archived Article: Lead - Businesses Deal with Property Reappraisals

Business Owners Brace for Reappraisal

Higher appraisals mean higher taxes for commercial tenants

LANCE ALLAN

The Daily News

Among the estimated 300,000 parcels of property examined for the up...

17. Archived Article: Lead - Industrial Market Update

Industrial Market Sees Signs of Strength

Local property sales rise, leasing remains strong

LANCE ALLAN

The Daily News

Opinions have varied during this election year of whether or not the economy is on an upswi...

18. Archived Article: Standout - Tommy Farnsworth standout

Farnsworth Balances Service on Several Fronts

LANCE ALLAN

The Daily News

When the phone call came, Tommy Farnsworth III did the only thing that seemed natural he took it.

On the line was Kirk Bailey, presiden...

19. Archived Article: Newsmakers - Beverly Bond was appointed vice president of Rhodes Colleges newly formed division of external programs

Crye-Leike Hires New Corporate Counsel

Sabrena Clinton was named corporate counsel for Crye-Leike Realtors. Clinton previously was a civil ...

20. Archived Article: Real Focus - By Keri Holt

New council gives voice to commercial practitioners

By KERI HOLT

The Daily News

With more than 3,600 members in the Memphis Area Association of Realtors, its 200 commercial brokers can easily get lost in the mass of resident...

21. Archived Article: Real Focus - Industrial real estate market further hampered by war

Industrial real estate market further hampered by war

By STACEY WIEDOWER

The Daily News

With companies hesitant to make major operating decisions in a national climate characterized b...

22. Archived Article: Real Review - Pinnacle Awards

MAAR accepting Pinnacle applications

The Memphis Area Association of Realtors is accepting applications for its second annual Pinnacle Awards.

Pinnacle Awards are given yearly to the highest producing commercial real estate ...

23. Archived Article: Real Review - Home prices above norm, NAR says Home prices above norm, NAR says Median existing-home prices are increasing in most metropolitan areas and typically are increasing well above historic norms, according to the latest quarterly survey by National Asso...

24. Archived Article: Park Correction - Correction: Wednesday the Daily News reported that Memphis-based Farnsworth Investment Co Correction: Wednesday the Daily News reported that Memphis-based Farnsworth Investment Co. deeded 27 acres of land in southeast Shelby County to the Shelby Cou...

25. Archived Article: Comm Briefs - Beginner Spanish classes for adults start Jan Beginner Spanish classes for adults start Jan. 28 at the East Memphis YMCA, 5959 Park Ave. Classes, which run through April 14, are from 5:30 p.m. to 7:30 p.m. Monday, at a cost of $130 for members and $...

26. Archived Article: Sccb (lead) - Farnsworth donates land to county for park Farnsworth donates land to county for park By JENNIFER MURLEY The Daily News A neighborly gesture by a local real estate development and investment company toward area homeowners in the form of a public par...

27. Archived Article: Southwind P.2 - Southwind, Distriplex Southwind, Distriplex properties change hands Laureate Capital Corp., a subsidiary of Resource Bancshares Mortgage Group, Inc., recently arranged permanent financing in the amount of $17.9 million for three Memphis properties t...

28. Archived Article: Graphic ($1mill) - Million-dollar babies Million-dollar babies April was not as prolific for construction of new projects valued at more than $1 million as April 1999, but several large projects were started during the month. A new $2.8 million athletic facility for B...

29. Archived Article: Real Review - Chicago computer company Chicago computer company establishes Memphis presence Image Technology Solutions Inc. has leased 34,000 square feet in Southeast Memphis. The Chicago-based computer repair and information technology services company is movin...

30. Archived Article: Law Focus - By LAURIE JOHNSON Board approves park agreement, carriage ride proposal By LAURIE JOHNSON The Daily News An agreement to develop a master plan for a new southeast Memphis park and a proposal for wagon and carriage rides in Orgill Park were among ite...

31. Archived Article: Cons Lead - By LAURIE JOHNSON Farnsworth, county agree to develop park By LAURIE JOHNSON The Daily News For the past several years, tightening county budgets have made it increasingly difficult for the Shelby County Conservation Board to secure funds for develo...

32. Archived Article: Industrial St - By SUZANNE THOMPSON Industrial starts rise during third quarter While values down year-to-date, e-commerce growth fuels building, leasing of warehouse space By SUZANNE THOMPSON The Daily News The value of building permits issued for industrial and c...

33. Archived Article: Industrial St - By SUZANNE THOMPSON Second quarter industrial starts mirror 1998 activity By SUZANNE THOMPSON The Daily News The number of industrial building permits filed during the second quarter increased slightly over the number of permits filed in the same pe...

34. Archived Article: Gov't Lead - County commissioners will consider two proposals related to the development of a nearly 300-acre industrial park in Southeast Shelby County Developer seeks changes in industrial park plan By KATHLEEN BURT The Daily News County commissioners will con...

35. Archived Article: 4q Warehouse - The warehouse and industrial construction market is alive and well in Shelby County Industrial growth strong, incentives are concern By KATHLEEN BURT The Daily News The warehouse and industrial construction market is alive and well in Shelby County....

36. Archived Article: Scit (lead) - By LAURIE JOHNSON Security Capital starts large-user warehouse By LAURIE JOHNSON The Daily News Security Capital Industrial Trust has started constructing a 500,000-square-foot speculative distribution facility at 5461 Davidson Road in Southeast Mem...

37. Archived Article: Ameriserve - Ameriserve Food Distribution Dallas food distribution company buys vacant land in Memphis By CAMILLE H. GAMBLE The Daily News Dallas-based AmeriServe Food Distribution Inc. has purchased vacant land in Memphis on Shelby View Drive near Raleigh-LaGra...

38. Archived Article: Warehouse - By CAMILLE H Warehouse construction steady in first quarter Most major area developers have projects underway or planned By CAMILLE H. GAMBLE The Daily News Warehouse construction in the first quarter remained steady in Shelby County with seven perm...

39. Archived Article: Resourcenet Chg - Construction has started on a 45,600 square foot addition to ResourceNet ResourceNet doubles space at Airport Industrial Park By CAMILLE H. GAMBLE The Daily News Farnsworth Investment Co. has borrowed $2.7 million from Deposit Guaranty National Bank...

40. Archived Article: Memos - Susan Harris is the new regional coordinator for behavioral health services for the eastern Arkansas region for Charter Lakeside Behavioral Health System. Harris has a masters degree from Arkansas State University and was a senior rehabilitation cou...

41. Archived Article: Ccim Lj - lj 10/5 cates Distribution development looks good for 1996 By LAURIE JOHNSON The Daily News With development in the first five months of 1996 already standing at 75 percent of 1995s total, the Memphis warehouse and distribution facility market is ex...

42. Archived Article: Farnsworth Chg - By CAMILLE H. GAMBLE Farnsworth breaks ground on 15th building at Distriplex Center FedEx to house city station in 90,000-square-foot warehouse By CAMILLE H. GAMBLE The Daily News Farnsworth Investment Co. recently broke ground on its 15th building ...