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Editorial Results (free)

1. New Industrial Market Takes Hold in Marshall, Fayette Counties -

In November, Volvo began operations at its new parts distribution center in Marshall County, Miss.

The 1 million-square-foot distribution center inside Panattoni Development Co.’s Gateway Global Logistics Center is the centerpiece of the company’s streamlined North American parts distribution network and helped solidify the Marshall County and Fayette County, Tenn., region as a major player in local industrial real estate.

2. Volvo Parts Center Begins Operations -

Limited operations began this month at the new Volvo parts distribution center in Marshall County, Miss.

The 1 million-square-foot distribution center supports the company’s Mack, Volvo and UD Trucks brands, as well as Volvo Construction Equipment and Volvo Penta.

3. Volvo Parts Center Begins Operations -

Limited operations began this month at the new Volvo parts distribution center in Marshall County, Miss.

The 1 million-square-foot distribution center supports the company’s Mack, Volvo and UD Trucks brands, as well as Volvo Construction Equipment and Volvo Penta.

4. Real Estate Rally -

Commercial real estate can offer insight into the strength of the local economy. Through the office, retail, industrial and apartment developments that mark the region the economy at work in the real world can be seen.

5. Roxul Opening 17 Years in Making -

U.S Sen. Roger Wicker of Mississippi searched the 1997 Congressional Record this week before he arrived in Marshall County for the formal opening of the Roxul Inc. plant.

6. Cummins Eyes Memphis Site for Expansion -

Cummins Inc. is eyeing a Memphis property for a planned expansion of the company’s distribution operations, a move that would be welcome news for Memphis officials.

7. Roxul Plant Makes Debut in Marshall County -

Almost a year and a half after breaking ground in Marshall County just south of the state line with Collierville and Fayette County, executives of the Danish company Roxul Inc. will formally open Wednesday, Sept. 24, their $160 million plant and packaging site in the Chickasaw Trail Industrial Park.

8. Marshall County in Running for Cummins Jobs -

Add the burgeoning industrial area in Marshall County, Miss., to the list of communities competing for a significant chunk of the Cummins Inc. jobs that are currently in Memphis.

9. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

10. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

11. Asics America Expanding in Byhalia -

Asics America Corp. is expanding its footprint in Byhalia, Miss.

The company is adding 342,144 square feet to its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park.

12. ‘Significant Headwinds’ -

When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.

13. Problem Solvers -

Rick Smith is director of property management for Finard Properties, the commercial real estate firm that owns and manages properties such as the landmark Poplar Plaza shopping center at Poplar Avenue and Highland Street.

14. Bourland Heflin to Expand, Renovate Poplar Home -

A Memphis law firm is expanding its East Memphis office and improving public areas for clients and visitors.

Bourland Heflin Alvarez Minor & Matthews PLC renewed and expanded its lease in the 5400 Poplar Ave. office building.

15. Volvo Group’s Byhalia Facility to Employ 250 -

The Volvo Group will build a massive new distribution center in Byhalia, Miss., that should employ around 250 people.

The 1 million-square-foot distribution center will support the company’s Mack, Volvo and UD truck brands, as well as Volvo Construction Equipment and Volvo Penta. 

16. Area Industrial Market Poised for Solid Year -

All signs are pointing toward a strong year for the Memphis-area industrial market.

The Memphis market closed the first quarter with 897,829 square feet of absorption and the total vacancy rate for the Memphis market – 10.8 percent - is the lowest the market has experienced in 14 years, according to CB Richard Ellis Memphis.

17. Office Occupancy Ends 2013 on High Note -

An unusually strong fourth quarter helped push the overall Memphis office market occupancy rate into positive territory for 2013, according to year-end commercial real estate market reports.

The Memphis market recorded absorption of 225,338 square feet in the fourth quarter – the largest positive absorption the market has experienced during any quarter in more than 10 years – to end the year with positive net absorption of 40,558 square feet, according to CB Richard Ellis Memphis.

18. Full Steam Ahead -

A burgeoning distribution and logistics market for the Mid-South is taking root in the rich Delta soil in Marshall County, Miss., and Fayette County, Tenn.

Industrial developers and their tenants, lured by the availability of large tracts of land, major infrastructure enhancements, a new intermodal facility and friendly, focused public policy, are increasingly targeting the area.

19. Full Steam Ahead -

A burgeoning distribution and logistics market for the Mid-South is taking root in the rich Delta soil in Marshall County, Miss., and Fayette County, Tenn.

Industrial developers and their tenants, lured by the availability of large tracts of land, major infrastructure enhancements, a new intermodal facility and friendly, focused public policy, are increasingly targeting the area.

20. 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.

21. 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.

22. Industrial Uptick Seen in Outer Counties -

The Memphis industrial market saw the return of speculative development in 2013 and an uptick in tenants seeking blocks of 500,000 square feet or more.

After suffering through a prolonged slump in industrial construction activity following the economic collapse and resulting recession, industrial development outside of Shelby County in the Memphis market roared back to life in 2013.

23. Hot-Button Issue -

When the Economic Development Growth Engine of Memphis and Shelby County was formed in 2011, president and CEO Reid Dulberger knew it would take the organization a little time to gain its footing.

At first, EDGE did not have its own staff or its own office, and it lacked financial and operational control of several key component parts, such as the Port of Memphis and Shelby County and the Depot Area Development Corp.

24. Commercial Real Estate Market Reawakens -

After suffering through a prolonged slump, the Memphis commercial real estate market this year began to shake off the rust that gathered during the “Great Recession,” and brighter days could be ahead for the prime markets in the apartment, retail, office and industrial sectors, according to local experts.

25. Experts to Provide CRE Outlook at Seminar -

Class A office space in East Memphis reigns supreme, which should continue to drive up rental rates, while industrial developers are ramping up activity outside the city of Memphis.

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.

26. Panattoni’s Speculative Warehouse Underway -

In industrial development news, construction on Panattoni Development Co.’s speculative industrial building in Marshall County, Miss., is progressing.

27. Bumper Crop -

Unless you see the signs, it is hard to tell when you have crossed the Tennessee-Mississippi state line where Fayette County, Tenn., meets Marshall County, Miss., not too far from the southern city limits of Collierville.

28. Government Largesse -

These days, it seems like office real estate brokers are fighting tooth and nail to find office space for government tenants.

While office brokers are typically chasing new business to town or urging existing firms to grow, they’re now looking for office space for government agencies, which have emerged as prominent players in the local office real estate sector.

29. Optimism Returns to Industrial Market -

Following the bloody recession and its brutal aftermath, one word has begun to creep back into the local industrial real estate lexicon: optimism.

“I wouldn’t say we’re out of the woods yet but there’s a bunch of positive momentum out there,” said Jim Mercer, executive vice president of brokerage services at CB Richard Ellis Memphis. “People are cautiously optimistic.

30. Helen of Troy Plans Build-to-Suit -

Helen of Troy Ltd., a manufacturer and distributor of household products, has finalized plans to build a 1.3 million-square-foot distribution facility in Olive Branch.

The $37 million facility will be constructed on a 77-acre site in the Whispering Woods development on Polk Lane in DeSoto County. CB Richard Ellis Memphis brokers Patrick Burke, Tommy Jackson and Jim Mercer represented Panattoni Development Co. in the land sale and build-to-suit negotiations to Helen of Troy, which closed on Dec. 28.

31. Norfolk Southern Increases Activity -

Norfolk, Va.-based Norfolk Southern Corp. expects to continue increasing operations this year at its new Memphis Regional Intermodal Terminal in Rossville, just east of Collierville.

32. Changing Market -

Much of 2012’s commercial real estate deals could be summed up in one of three phrases: speculative construction, institutional buyers and unusual transactions.

The first quarter was kicked off when Industrial Developments International Inc. revealed plans to add one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.

33. Fayette, Marshall Prep for Ambitious Industrial -

With Norfolk Southern Corp.’s Memphis Regional Intermodal Terminal now operational in Rossville and a pair of large-scale industrial manufacturing buildings under way in the area, stakeholders say the future is bright for the region.

34. Levenger Leases Up EastPark IV -

A Delray Beach, Fla.-based specialty retail company is relocating its Memphis distribution warehouse within the Southeast submarket.

Levenger has inked 96,400 square feet in EastPark Distribution Center IV, 5265 Hickory Hill Road, bringing the 372,800-square-foot building to full occupancy. Levenger also has an operation at 3530 E. Raines Road.

35. Urban Land Institute: Memphis Recovering Slowly, Behind Nashville -

Memphis’ economy and commercial real estate industry is recovering, but not as fast as other places – like Nashville.

That was the message local professionals heard Tuesday, Dec. 4, at the Urban Land Institute Memphis’ 2013 Real Estate Outlook for the Mid-South.

36. Seminar Underscores Commercial Sectors’ Highs, Lows -

Memphis’ commercial real estate market for the most part appears to mirror national trends, with all four sectors boasting challenges and bright spots so far this year.

That was a message a room full of real estate professionals received when The Daily News hosted its second annual Commercial Real Estate seminar Thursday, Nov.1, at the Memphis Brooks Museum of Art, sponsored by Magna Bank and Evans Petree PC.

37. Foreclosure Notices Filed for Panattoni Land -

Vacant parcels on Holmes Road in Hickory Hill could be headed for a foreclosure sale after a group of borrowers that included Panattoni Development Co. leaders defaulted on multimillion-dollar construction loans, according to two first-run foreclosure notices in The Daily News Thursday, March 22.

38. 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

39. Hickory Hill Warehouse Sells for $11.4 Million -

PanCal Eastpark Four 124 LLC, an affiliate of Principal Real Estate Investors of Des Moines, Iowa, has bought a warehouse at 5265 Hickory Hill Road from five tenants-in-common sellers for $11.4 million.

40. Permit Filed For Hickory Hill Warehouse -

A building permit for $700,000 has been filed for property at 5265 Hickory Hill Road. The owner of the property is Panattoni Development Co. and the tenant is Ozburn-Hessey Logistics LLC. Grinder, Taber & Grinder Inc. is listed as the contractor for the project. No architect was listed as of yet.

41. Archived Article -

7691 Poplar Ave.
Germantown, TN 38138
Permit Amount: $50.9 million
Project Cost: $80 million
Permit Date: Applied February 2008
Completion: 2011
Owner: Methodist Le Bonheur Germantown Hospital
Tenant: Methodist Le Bonheur Germantown Hospital
Architect: TRO Jung/Brennen Inc.
Contractor: Flintco Inc.
Details: Methodist Le Bonheur Germantown Hospital filed application last week to build a 220,000-square-foot pavilion to house women's services, including inpatient beds, operating rooms and support space. In addition to the new construction, the hospital's overall plans include renovation of 88,000 square feet in the existing facility. The expansion at Methodist's Germantown location does not call for any new net beds to the system, a spokesperson said. Instead, it would transfer 100 beds from elsewhere within the system. The entire campus will be about 580,000 square feet once the expansion and renovation are complete. This latest step of the construction process comes on the heels of last summer's $9 million building permit to build a 260,000-square-foot parking deck at the Germantown location.
699 Oakleaf Office Lane
Memphis, TN 38117
Sale Amount: $1.8 million
Sale Date: Feb. 21, 2008
Buyer: Rosecrest
Seller: Oakwood Professional Building LLC
Details: An entity called Rosecrest bought a 14,000-square-foot office building at 699 Oakleaf Office Lane for $1.8 million from Oakwood Professional Building LLC. Built in 2003, the two-story building sits on slightly less than an acre at the northwest corner of Spottswood Avenue and Oakleaf Office Lane east of South Perkins Road. The Shelby County Assessor's 2007 appraisal was $953,900. Tenants include Fitness First Studio, Lindamood-Bell Learning Processes and Fish and Associates financial planning services, among others.
3860 E. Holmes Road
Memphis, TN 38118
Permit Amount: $808,000
Project Cost: N/A
Permit Date: Applied February 2008
Completion: N/A
Owner: Panattoni Development Co.
Contractor: Panattoni Construction Inc.
Details: Panattoni Development Co. has filed an $808,000 building permit to repair an industrial property damaged in the Feb. 5 storm that tore through Southeast Memphis. The 500,000-square-foot warehouse is part of Sacramento, Calif.-based Panattoni's Memphis Oaks Distribution Center on the northeast corner of Getwell Road and East Holmes Road. The Shelby County Assessor's 2007 appraisal was $14.8 million. A call to the company's local office was not returned.

...

42. Memphis Industrial Market Experiences 'Flat' 3rd Quarter -

One large and lingering transaction resulted in a poor showing for Memphis' industrial leasing market during the third quarter of 2007.

Carrier Corp. formally vacated the 500,000 square feet it once occupied in the Southpoint Distribution Center in South Memphis to move to Holly Springs, Miss., in Marshall County.

43. Kornegay Honored WithNational Real Estate Award -      The commercial division of the National Association of Realtors has recognized Brad Kornegay of Colliers Management Services with the 2007 Commercial Alliance National Award.
     The Nationa

44. Panattoni Sells PropertyFor $6.1 Million -      Memphis Oaks 3 LLC, a division of Panattoni Development Co., sold property at 3860 Holmes Road for $6.1 million in an internal trade. The buyer was Moss Properties LLC.
     The 525,000-squa

45. Panattoni Begins Second PhaseOf Memphis Oaks -      Panattoni Development Co. (PDC) is developing the second phase of Building 3 at Memphis Oaks Distribution Center at 3860 Holmes Road.
     The work is a 525,000-square-foot addition to an exi

46. Archived Article -

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

Sale Date: April 26, 2007

47. Panattoni Development Co.Finances Holmes/Getwell Land -      Real estate developers Panattoni Development Co. (PDC) has filed a construction loan for acreage near Getwell and Holmes roads. The property is zoned for industrial use.
     Four limited lia

48. Commercial Real Estate ExpertsOffer Reviews, Forecasts -      See what real estate prognosticators have to say about the Memphis-area commercial market at the fourth annual Commercial Property Forecast Summit. Presented by the Memphis Area Association of Realtors (MAAR) Commercial

49. Panattoni Plans Expansion Of Holmes Road Building -      Panattoni Development Co. is expanding an industrial building at 3860 E. Holmes Road, bringing the size of the building to more than 1 million square feet. The company has filed a nearly $9 million building permit with t

50. Outside Interest Buys Into Olive Branch - Panattoni Development Co. of Sacramento, Calif., bought 77 acres in the Whispering Woods area at Polk Lane and Goodman Road in Olive Branch recently, with plans to develop two buildings with about 1.7 million square feet between them. Panattoni bough

51. Archived Article: Newsmakers - MAAR Pinnacle Awards Winners Announced

MAAR Announces Pinnacle Award Winners

The Memphis Area Association of Realtors announced the following winners of the fourth annual Pinnacle Awards: Al Andrews Jr. of Panattoni Development Co., Commercial...

52. Archived Article: Daily Digest - Ethan Allen Buys

Ethan Allen Buys

Land Near Wolfchase

Ethan Allen Inc. has purchased vacant land in phase three of The Galleria of Memphis from TomBo Properties Inc. for $1.2 million, according to The Daily News Public Records Database, www...

53. Archived Article: Holmes (lead) - Its gong to be used for bus expansion

Intermodal Cartage Buys Land for Expansion

Road improvements under way in area of industrial growth

ANDREW BELL

The Daily News

A Memphis-based intermodal transportation services company has purcha...

54. Archived Article: Daily Digest - March Home Sales

March Home Sales

Increase 26.8 Percent

The Memphis Area Association of Realtors Multiple Listing Service reported 1,445 home sales for March, an increase of 26.8 percent from 1,140 reported in March 2003. Monthly sales volu...

55. Archived Article: Baxter (lead) - Baxter growth prompts move to new facility

Baxter growth prompts move to new facility

By ANDREW BELL

The Daily News

A major medical supply companys local distribution hub is approaching a move into a larger warehouse thanks to steady gro...

56. Archived Article: Memos - Dr. Rosie Phillips Bingham

Dr. Rosie Phillips Bingham was promoted to vice president for student affairs at the University of Memphis. The Memphis native will assume the role May 1. She has been U of M assistant vice president for student affairs...

57. Archived Article: Pilot (lead) - Tax freeze plan

Tax freeze plan

heads to Council

By BRYAN MASSEY

The Daily News

At Tuesdays meeting, Memphis City Council members plan to review guidelines for the Community Reinvestment Credit, a payment-in-lieu-of-taxes program that...

58. Archived Article: Future (lead) - Future Electronics kicks off distribution center project

Future Electronics kicks off distribution center project

By STACEY WIEDOWER

The Daily News

Future Electronics, a worldwide distributor of electronic components, breaks ground today...

59. Archived Article: Daily Digest - Technicolor consolidates

Technicolor consolidates

DVD operations in Memphis

Technicolor Home Entertainment Services, a Thomson Digital Media Solutions business, formalized plans to expand its DVD packaging and distribution operations in Mem...

60. Archived Article: 01building (lead) - 2001 new building falls drastically from year before 2001 commercial construction falls drastically By SUE PEASE The Daily News The number of building permits filed for new commercial construction fell by almost half last year compared to the number...

61. Archived Article: Law Focus - Mid South industrial growth continues despite slowing economy Mid-South industrial market reflects national slowdown By MARY DANDO The Daily News Although Memphis still holds the top spot as the premier distribution center of the United States, the ...

62. Archived Article: Real Review - CRSA lands new contracts CRSA lands new contracts Several new contracts were awarded to the Memphis-based Co-operative Retirement Services of America Inc. CRSA will provide management services for Waverly Gardens in Memphis, a rental retirement comm...

63. Archived Article: Panattoni (lead) - Commuter airline appeals zoning change to City Council Panattoni asks council to rezone 200-acre tract By MARY DANDO The Daily News Cosair Mitchell & Andrews Investments is asking for 202 acres it owns in Southeast Memphis to be rezoned in order...

64. Archived Article: Real Focus (desoto) - By SUZANNE THOMPSON Industrial development boom continues in North Mississippi By SUZANNE THOMPSON The Daily News As urban sprawl continues toward northern Mississippi, more developers are crossing the line and taking their industrial projects into ...

65. Archived Article: Tech Focus - E-commerce distribution more than just moving boxes E-commerce distribution more than just moving boxes By KATHLEEN BURT The Daily News From Planet.Rx to Toys R Us to Barnes and Noble, companies that want an e-commerce presence have found Memphis an...

66. Archived Article: Idb (lead) - By Stacey Wiedower SBC plan to bring 124 jobs to county By Stacey Wiedower The Daily News Several projects that would create jobs and add industry to the Memphis area are scheduled for consideration by the Industrial Development Board at its monthly...

67. Archived Article: Real Review - Trammell Crow Co Trammell Crow Co. represented three tenants in recent office lease transactions. Norwest Mortgage signed a lease for 12,085 square feet at 1775 Pyramid Place in Nonconnah Corporate Center. The office will be the headquarters for Nor...

68. Archived Article: Real Review - Trammell Crow Co Inventiv Software leases space in East Memphis Trammell Crow Co. has leased office space in Building A at Lynnfield Office Park to Inventiv Software, a Memphis-based software product development company. Inventiv Software was establ...

69. Archived Article: Real Review Lj - Former Hamilton Beach Former Hamilton Beach facility purchased Collierville Business Center LLC has purchased the 125,000-square-foot Hamilton Beach facility for $2.7 million, according to a special warranty deed filed in the Shelby County Registers...

70. 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...

71. Archived Article: Tech Focus - www www.coming to Memphis From barnesandnoble.com to planetrx.com, companies Are choosing Memphis distribute their online sales By KATHLEEN BURT The Daily News In the same vein as Toys R Us and PlanetRx, Memphis and Shelby County have found favor wi...

72. Archived Article: Real Review - By LAURIE JOHNSON Lauderdale-Quince L.L.C., a Delaware limited liability company, purchased eight acres in Country Club Estates Commercial Subdivision from Quince Partners L.P., a Georgia limited partnership, for $5 million, according to a special w...

73. 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....

74. Archived Article: Warehouse Starts - By SUZANNE THOMPSON Warehouse construction down in fourth quarter Absorption of space soared at 3 million square feet   By SUZANNE THOMPSON The Daily News Warehouse construction starts were down in the fourth quarter of 1997, but leasing activi...

75. Archived Article: W&s Warehouse Lj - lj 10/5 cates Wilkinson & Snowden start $2.4 million warehouse project By LAURIE JOHNSON The Daily News Wilkinson & Snowden has broken ground on a 62,500-square-foot speculative warehouse distribution facility at 3510 Winchester Road in the ...

76. 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...

77. Archived Article: Lj Real Review - lj 10/4 building Panattoni & Van Valkenburgh, a San Francisco-based real estate development company, has construction underway on three new distribution facilities in Memphis totaling 820,000 square feet. A footing and foundation permit was issu...