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Editorial Results (free)

1. Loeb Midtown Center Now Fully Leased -

Loeb Properties’ Belvedere Collection on Union Avenue in Midtown is 100 percent leased.

Agilitas USA Inc., operating as Results Physiotherapy, signed a new lease for 2,280 square feet in Suites 105-106 at the retail strip center.

2. St. Jude Campaign Raises $97 Million -

The 10th annual St. Jude Thanks and Giving Campaign raised more than $97 million to support St. Jude Children’s Research Hospital, representing a projected 31 percent increase over the previous year.

3. Winchester Court Sells for $6 Million After Foreclosure -

6740 Winchester Road
Memphis, TN 38115
Sale Amount: $6 million

Sale Date: July 31, 2013
Buyer: WBCMT 2007-C31 Winchester Court LLC
Seller: Harris P. Quinn, substitute trustee
Details: The Winchester Court retail center at Kirby Parkway and Winchester Road in Hickory Hill has sold for $6 million following a foreclosure.

4. Owner Files $2.2 Million Loan on Park Cosmorama -

The owner of the Park Cosmorama retail center at 5043 Park Ave. in East Memphis has filed a $2.2 million loan on the property.

5. Nissan North America Renews Lease In SE Shelby -

Nissan North America Inc. has renewed its 413,000-square-foot lease in Southeast Shelby County.

6. JLS Enterprises Buys SE Market Warehouse -

A 51,000-square-foot industrial building in the Southeast submarket has traded hands. JLS Enterprises LLC purchased 4021 Delp St. in Airport Industrial Park for $850,000. The warehouse currently houses Coca-Cola Enterprises Inc. and is 100 percent occupied.

7. CRE Retail Duo Finds Success In Pairs -

About eight years ago, The Shopping Center Group LLC began encouraging its agents to work on deals in teams.

8. New Eateries Coming to Midtown -

Midtown has a reputation for one of Memphis’ most eclectic areas, adorned with vintage houses, international cuisine and funky entertainment venues.

In the coming weeks, it will broaden its portfolio even more with three Memphis eateries: Gigi’s Cupcakes, The Slider Inn and a yet-to-be named concept in Cooper-Young.

9. Wave of Lawsuits Over Seats Hit Retail Stores -

SAN FRANCISCO (AP) – Retail store operators may want to sit down for this one – if they can find a chair.

Nearly every national chain is under legal attack in California for failing to provide "suitable seating" for cashiers and other employees who are expected to spend most of their work day on their feet.

10. Hickory Hill Apartments Sell for $10M -

Three apartment communities in the Hickory Hill Road/Knight Arnold Road area have sold for a combined price of $10 million.

Tommy Bronson III and Blake Pera with CB Richard Ellis Memphis’ multifamily division represented Hallmark Capital in the sale to Bellevue, Wash.-based Emerald Apartment Group. Wilson Management Inc., the managing entity behind Emerald Apartment Group, will retain and manage the properties.

11. Family Dollar Signs 2 Leases for Stores -

Family Dollar has signed a 12,000-square-foot lease at 2754 Lamar Ave. Shawn Massey, partner with The Shopping Center Group LLC, represented the tenant. Harold Blockman with Keller Williams Realty Inc. represented the landlord, Chong K and Dul S. Pae.

12. Wolfchase Auto Dealer Site Sells for $4M -

A Wolfchase auto dealership facility is officially changing hands and names.

First Tennessee Trust Department has bought the 48,085-square-foot auto dealership formerly known as Cadillac SAAB of Memphis, 7727 U.S. 64, for $4 million.

13. Pacific Logistics Picks Olive Branch for Hub -

Pacific Logistics Corp. has signed a lease for its first Memphis-area location, which will serve as a regional hub for the company’s growing shoe and retail business.

14. Construction On Rise in West Memphis -

One of only two retail developments on tap this year in West Memphis is on the verge of breaking ground.

Marketplace Development LLC closed last week on 3.11 acres in the shadow of Wal-Mart Super Center in West Memphis, where the group plans to build a 29,340-square-foot retail center.

15. Gibson Guitar Sues Retailers Over 'Guitar Hero' Video Game -

NASHVILLE (AP) - Gibson Guitar Corp. is suing Wal-Mart and five other major retailers that sell the Activision "Guitar Hero" game, claiming it violates a patent held by the Nashville-based company.

16. Urban Retail Properties To Manage Southland Mall -      Urban Retail Properties Co. has been awarded the management contract for Southland Mall in Whitehaven. The project is a 552,687-square-foot enclosed, single-level shopping center.
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