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Editorial Results (free)

1. Leases Push Renaissance Center Near Capacity -

The Renaissance Center office building in East Memphis should be near capacity early next year, following a series of recent lease signings.

Financial Federal signed a lease on Tuesday, Nov. 20, to occupy 27,000 square feet on the first and second floors of the Renaissance Center, 1715 Aaron Brenner Drive. In addition to the new location, the growing financial firm will have signage atop the East Memphis office building along Poplar Avenue east of Interstate 240.

2. United Housing to Relocate to Oakhaven/Parkway Village -

United Housing Inc. is preparing to move from its Midtown offices at 51 N. Cooper St. to 2750 Colony Park Drive, near the old Mall of Memphis site in the Oakhaven/Parkway Village area.

3. New Owner For Bartlett Car Wash Property -

A former car wash site in Bartlett has traded hands. Nyan Jaf acquired the 0.71-acre lot at 5960 Summer Ave. from Mr. Carwash LLC for $65,000.

4. Office Opportunities -

Memphis’ office real estate landscape is changing, and for three firms, those changes are creating opportunities.

Orlando, Fla.-based Parkway Properties Inc. in March completed the sale of its interest in Renaissance Center – a 190,000-square-foot office building at 1715 Aaron Brenner Drive in the Poplar Avenue corridor – to partner Parkway Properties Office Fund LP.

5. Parkway Completes Sale of Renaissance Center -

Parkway Properties Inc. has completed the sale of its interest in Renaissance Center – a 190,000-square-foot, Class A office building at 1715 Aaron Brenner Drive in the Poplar Avenue corridor – to partner Parkway Properties Office Fund LP.

6. Stonebridge Apartments Sells for $22 Million -

9135 U.S. 64 and 9225 U.S. 64
Memphis, TN 38016

Sale Amount: $21.9 million

Sale Date: Dec. 6, 2011

Buyer: AB Merion Stonebridge LLC

7. Somerset Park Apartments Sell for $1.1 Million -

3425 Winchester Park Drive
Memphis, TN 38118
Sale Amount: $1.1 Million

8. Germantown Station Closer to Construction -

750 N. Germantown Parkway
Cordova, TN 38018
Loan Amount: $2.6 million

9. Highwoods Stands Tall Among Competition -

As a prominent investment and leasing firm and one of the most active real estate investment trusts in the Memphis market, Highwoods Properties Inc. routinely made commercial real estate headlines in 2010.

10. A Sense of Place -

June West was born with a proverbial thick skin. She said her parents blessed her with an uncanny ability to take criticism in stride, an important trait for anyone who faces the verbal abuse that West routinely absorbs as executive director of the nonprofit Memphis Heritage Inc.

11. Better Prospects -

Real estate investor John Bogdasarian might be from Ann Arbor, Mich., but it didn’t take him long to discover that the intersection of American Way and South Perkins Road was once infamous for its proximity to the old Mall of Memphis.

12. Commercial Sales Down by More Than Half -

Long before the financial markets were rocked by last week’s events on Wall Street, commercial real estate was reeling. Even without the upheaval, the downturn was affecting sales and mortgage activity.

13. Mercedes Benz of Memphis To Renovate Dealership -

5389 Poplar Ave.
Memphis, TN 38119
Permit Cost: $2 million

Project Cost: $3 million
Permit Date: July 24, 2008
Completion: Spring 2009
Owner: Mercedes Benz of Memphis
Tenant: Mercedes Benz of Memphis
Architect: Fleming and Associates LLP
Contractor: Montgomery Martin Contractors LLC
Details: Mercedes Benz of Memphis will do a renovation of its location on Poplar Avenue just east of Estate Drive. Richard Meena, vice president of Montgomery Martin Contractors, said they will be adding a new showroom and a new car wash, as well as performing general site work improvements, including some additions to the parking lot.

14. Archived Article -

Collierville Crossing
Shopping Center
Sale Amount: $15.4 million

Sale Date: Aug. 10, 2007

Buyer: MCW-RD Collierville Crossing LLC

15. DBSI Buys Trinity RidgeFor $22.9 Million -      The Idaho-based company that sold Renaissance Center in December has bought the eight-building Trinity Ridge Business Center for nearly $23 million.
     An affiliate of the DBSI Group of Com

16. DBSI Buys Trinity RidgeFor $22.9 Million -      The Idaho-based company that sold Renaissance Center in December has bought the eight-building Trinity Ridge Business Center for nearly $23 million.
     An affiliate of the DBSI Group of Com

17. Archived Article -

1715 Aaron Brenner Drive
Memphis, TN 38120
Sale Amount: $38.1 million

Sale Date: Dec. 11, 2006

Buyer: PKY Fund Memphis I LLC

18. Parkway PropertiesBuys Renaissance Center -      PKY Fund Memphis I LLC, an affiliate of Jackson, Miss.-based Parkway Properties, recently bought The Renaissance Center for $38.1 million.
     The 212,515-square-foot, eight-story office bu

19. Archived Article: Daily Digest - Whitten Bend Property

Whitten Bend Property

Financed for $3.1 Million

Appling Farms Properties No. 2 LP has financed a 47,500-square-foot office/showroom in the Whitten Bend Development for $3.1 million, according to The Daily News Public R...

20. Archived Article: Fogelman (lead) - Fogelman acquires five properties, $51 Fogelman fund acquires 5 properties By SUE PEASE The Daily News Fogelman Realty Acquisition Fund LLC, a joint venture comprised of Fogelman Venture Partners, an affiliate of Memphis-based Fogelman Properties an...

21. Archived Article: Loeb (lead) - Trinity Commons shopping center changes ownership Trinity Commons changes ownership By SUE PEASE The Daily News Attracted to the tenant mix of Trinity Commons shopping center in Cordova, Loeb Realty purchased the property in a deal worth $14.3 milli...

22. Archived Article: Real Review - Memphis firm to manage Memphis firm to manage Florida resort properties Davidson Hotel Co. of Memphis added two properties to its management portfolio. The Hilton Longboat Key Beach Resort and the Holiday Inn Lido Beach in Florida are two of the 26 ...

23. Archived Article: Market Briefs - A University of Memphis study focusing on the potential of inner-city and older suburban retail markets has won national recog A University of Memphis study focusing on the potential of inner city and older suburban retail markets has won national r...

24. Archived Article: Porter Lead - By SUZANNE THOMPSON HCD grant helps fund independent living center By SUZANNE THOMPSON The Daily News Renovation work began Monday on an independent living facility operated by Porter Leath Children Center for young men who are wards of the state. P...

25. Archived Article: Apartments Chg - Apartment starts down Apartment starts down from '96, completions up By CAMILLE H. GAMBLE The Daily News Although new apartment construction has been slow year-to-date, apartments completed in the third quarter and year-to-date are up from a year ag...

26. Archived Article: Orchards Of C'ville Lj - lj 10/5 cates Collierville apartments sold for $11 million By LAURIE JOHNSON The Daily News A California corporation has purchased a Collierville apartment complex for $11 million its first property to acquire in the Memphis multifamily market. Lead...

27. Archived Article: Warranty Deeds - 7/15 jts warranty deeds Big property deals worth over $33 million in second quarter By JAMES SNYDER The Daily News The largest property sales in Shelby County totaled more than $33 million during the second quarter of 1996, with 12 deals filed in ex...