Editorial Results (free)
1.
Expert: Memphis Has Big Story to Tell -
Monday, February 11, 2013
Memphis area commercial real estate brokers were not only brought up to speed on the latest numbers and trends Thursday, Feb. 7, at the Memphis Area Association of Realtors Commercial Property Forecast Summit – they were also briefed on how to tweak their marketing strategy to recruit business by a former executive with the Federal Reserve.
2.
Arnot Joins Hillwood as Market Director -
Saturday, February 09, 2013
Dallas-based Hillwood Investment Properties has hired Bates Arnot as market director.
Arnot will be responsible for marketing and leasing industrial properties in the Dallas and Memphis markets.
3.
Arnot Joins Hillwood as Market Director -
Friday, February 08, 2013
Dallas-based Hillwood Investment Properties has hired Bates Arnot as market director.
Arnot will be responsible for marketing and leasing industrial properties in the Dallas and Memphis markets.
4.
Exeter Buys West Memphis Warehouse for $15.6 Million -
Friday, January 04, 2013
Pennsylvania-based Exeter Property Group has snatched up the Smucker’s distribution warehouse in West Memphis for $15.6 million.
The 600,000-square-foot facility was a foreclosed property from Bank of America, which was selling it with a year-end anticipated closing, said Matt Brodnik, Exeter’s director of capital markets.
5.
Changing Market -
Wednesday, January 02, 2013
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.
6.
Urban Land Institute: Memphis Recovering Slowly, Behind Nashville -
Thursday, December 06, 2012
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.
7.
Seminar Underscores Commercial Sectors’ Highs, Lows -
Monday, November 05, 2012
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.
8.
Capital Influx -
Monday, October 29, 2012
Capital is finally being set free in the Memphis industrial market, with opportunities on both the buy and sale side of investment deals.
Nearly $200 million has been spent since June, as public and private institutional buyers alike make large plays.
9.
Seminar To Tackle Commercial Conditions -
Tuesday, October 23, 2012
While many commercial real estate professionals would like to forget about 2011 altogether, celebrating increases in 2012 is necessary for morale.
Shelby County experienced the most second-quarter sales this year since the second quarter of 2008, and the highest quarterly sales revenue since the second quarter of 2007.
10.
Merchandiser Five Below Signs Lease in Olive Branch -
Friday, October 05, 2012
A growing Philadelphia-based value retailer has inked a substantial industrial lease deal in Olive Branch.
Five Below Inc. has leased 605,427 square feet in Hacks Cross Logistics Center Building 1, 9105 Hacks Cross Road.
11.
Firms Make Investments in Memphis Distribution -
Tuesday, July 10, 2012
In the past month, a pair of out-of-town firms have scooped up local distribution warehouses, growing its Memphis industrial real estate portfolio and planning for more.
Montreal-based Olymbec USA LLC recently closed on its $1.5 million purchase of 3615 Lamar Ave. from an entity affiliated with Miami-based loan servicer LNR Partners LLC.
12.
Aren Buys SE Memphis Warehouse For $1.3M -
Friday, June 22, 2012
Trane U.S. Inc. has sold its parts distribution center in Southeast Memphis for $1.3 million.
Aren Investments LLC of Memphis acquired the 99,375-square-foot distribution warehouse at 4250 Concord Road. The company, which used a 1450 Massey Road address on the Shelby County Register of Deeds, financed the purchase with an $800,000 loan through BancorpSouth Bank. Igal Elfezouaty signed the trust deed as managing member of Aren.
13.
Exeter Closes On Acquisition Of ProLogis Properties -
Friday, June 15, 2012
Pennsylvania-based Exeter Property Group has closed on its acquisition of 10 Memphis-area industrial buildings for $40 million from San Francisco-based ProLogis Inc.
14.
Conn.-Based XSE Group Inks Deal -
Friday, April 27, 2012
A Middletown, Conn.-based office supply printing company has entered the local industrial scene, taking advantage of Memphis’ centralized logistical capabilities.
XSE Group Inc. has leased 40,214 square feet in Building 14 of Airport Distribution Center, 4006 Airpark St., owned by San Francisco-based ProLogis Inc.
15.
The Right Place -
Thursday, March 01, 2012
When people think of Memphis, they might picture an aerial shot of Downtown – skyscrapers, The Pyramid and all.
But Andy Cates’ view of Memphis is different. He sees the city’s “dirty, industrial real estate.”
16.
Ewing Signs New Lease In SE Memphis -
Friday, January 13, 2012
Ewing Moving Service Inc. & Storage is relocating its operations in Southeast Memphis for better efficiencies and more office space.
17.
CRE Activity Stays Strong During 2011 -
Friday, December 30, 2011
Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.
Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.
18.
Tubing Maker Doubles Space in Willow Lake -
Friday, December 16, 2011
A Memphis-based tubing supplier is renewing its lease and more than doubling its space in a distressed Hickory Hill industrial park.
Jacob Tubing LP – the U.S. subsidiary of European modular tubing manufacturer Jacob Soehne – has renewed its 10-year lease for 20,232 square feet and expanded into an additional 30,000 square feet at Willow Lake Business Park, 3948 Willow Lake Blvd., in the Southeast industrial submarket.
19.
Colliers Signs Baker to First Site in Tenn. -
Friday, December 09, 2011
Colliers International’s industrial team of Andy Cates, Preston Thomas and Mike Driscoll has inked 63 transactions this year. Here’s a rundown on a flurry of recent deals the trio has brokered.
20.
Green Shoots -
Monday, November 28, 2011
As the local commercial real estate market approaches the end of 2011, experts say it appears to be in line with national fundamentals for secondary and tertiary markets.
Shelby County commercial sales in the third quarter were the highest sales volume since Q3 2007, with $259 million, according to real estate information company Chandler Reports, www.chandlerreports.com.
21.
Arlington Pet Hospital Files $1.2M Permit For Expansion -
Friday, November 18, 2011
Construction plans for a new stand-alone space for a growing Arlington veterinary clinic are under way near its current shopping center space.
Samuel Garrett Davis, founder of Arlington Pet Hospital PLLC, has filed a $1.2 million building permit application with the city-county Department of Construction Code Enforcement for a 5,200-square-foot facility, complete with hospital boarding and grooming capabilities.
22.
Franklin Sports Extends Lease in ProLogis Park -
Monday, November 14, 2011
Franklin Sports Inc. has signed a four-year lease extension for its 300,000-square-foot industrial distribution warehouse in ProLogis Park Stateline, 5510 Getwell Road.
23.
Nike Adds 400K Square Feet To Local Portfolio -
Friday, July 29, 2011
The world’s largest maker of athletic gear has signed a lease in Memphis’ Southeast industrial submarket to handle its newly acquired NFL contract.
Nike Inc. inked a 400,000-square-foot warehouse lease in Centerpointe Distribution Center No. 1, 3461 E. Raines Road. Built in 1994, the property, owned by San Francisco-based Prologis Inc., features 38 dock doors and an 11,687-square-foot office space component.
24.
ProLogis, AMB Corp. Announce Merger -
Thursday, June 02, 2011
Denver-based ProLogis and San Francisco-based AMB Corp. announced Wednesday, June 1, a definitive agreement to combine through a merger of equals.
25.
Cordova’s Parkway Place Hits 100 Pct -
Friday, May 27, 2011
Two recent leases at Parkway Place Office have brought the center to 100 percent occupancy. Guardian Community Living LLC signed a 10,500-square-foot lease in the 70,000-square-foot office annex that is situated in Cordova.
26.
Glencore Grain Buys Mendenhall Warehouse -
Tuesday, April 05, 2011
4834 S. Mendenhall Road
Memphis, TN 38118
Sale Amount: $6 Million
Sale Date: March 25, 2011
Buyer: Glencore Grain USA LLC
Seller: ProLogis NA2 Tennessee LLC
27.
Glencore Grain Buys Mendenhall Warehouse -
Thursday, March 31, 2011
Glencore Grain USA LLC, a Stamford, Conn.-based affiliate of Swiss commodities giant Glencore International AG, has paid $6 million for the warehouse at 4834 S. Mendenhall Road.
28.
AMB Property and ProLogis Agree to Combine -
Tuesday, February 01, 2011
The real estate investment trusts AMB Property Corp. and ProLogis said Monday they have agreed to combine in an all-stock deal that will create a global powerhouse in warehouses and other industrial real estate.
29.
Pacific Logistics Picks Olive Branch for Hub -
Friday, January 07, 2011
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.
30.
Menlo Deal Tops Noteworthy Leases -
Thursday, December 30, 2010
The Daily News in September launched a new weekly column called “Inked” to spotlight Memphis’ commercial leasing landscape.
Despite tough times, local commercial real estate firms were able to ink plenty of deals in the past four months. Here’s a rundown of some of the most noteworthy commercial leases since Inked’s debut:
31.
FedEx to Relocate Fueling, Recycling Centers -
Tuesday, November 30, 2010
2691 Democrat Road
Memphis, TN 38118
Permit Amounts: $2 million (fueling center); $1.5 million (recycling center)
32.
Delp Street Warehouse Sells for $4.3 Million -
Monday, November 29, 2010
BRE/TN Industrial Properties LLC has bought a 300,000-square-foot warehouse at 4505 Delp St. from ProLogis-North Carolina LP for $4.3 million. The building, which the Shelby County Assessor of Property lists at 4485 Delp, sits on 18.7 acres on the west side of Delp Street south of Crowfarn Drive in Airport Industrial Park. The Shelby County Assessor’s 2010 appraisal is $5.8 million.
33.
Menlo Bolsters Local Presence With New Lease -
Friday, November 26, 2010
Menlo Worldwide Logistics LLC is expanding its Memphis-area operations with a new 181,000-square-foot lease in ProLogis Park DeSoto in Olive Branch.
34.
Pet Hospital Signs Lease at Corner Shops -
Friday, November 05, 2010
A new pet hospital is among the most recent tenants at The Corner Shops of Canada Road.
The Lakeland Pet Hospital signed a new 3,850-square-foot lease in the 32,500-square-foot center, at the northwest corner of U.S. 64 and Canada Road in Lakeland.
35.
Hamilton Beach Signs Lease in Olive Branch -
Friday, July 30, 2010
ProLogis announced Thursday it has leased 1.2 million square feet of warehouse space in Olive Branch to Washington, N.C.-based Hamilton Beach Brands Inc. for a distribution center.
36.
Aren Buys Delp Warehouse from Prologis -
Thursday, July 15, 2010
Aren Investments LLC of Memphis has paid $1.5 million for the 86,400-square-foot warehouse at 4041 Delp St. from Prologis-North Carolina LP.
37.
Global Cotton Firm Moves Into Memphis -
Monday, May 03, 2010
As two local cotton companies work through their lengthy merger, another player has arrived on the scene with the purchase of a 300,000-square-foot warehouse it will use as a major distribution center.
38.
Kohl’s Repairs Storm Damage At Cordova Department Store -
Tuesday, August 11, 2009
2335 N. Germantown Parkway
Cordova, TN 38016
Permit Amount: $550,000
Project Cost: $550,000
Permit Date: Applied August 2009
Completion: August 2009
Owner: Kohl’s
Tenant: Kohl’s
Contractor: InStar Services Group LP
39.
Hubcap LP Finances Warehouse Purchase -
Wednesday, August 05, 2009
The new owner of the 120,560-square-foot warehouse at 4000 Air Park Cove in Oakhaven/Parkway Village on July 29 filed a $2 million loan through Lafayette Life Insurance Co. for the property.
40.
Commercial Real Estate Pocked by Financial Ruins -
Monday, August 03, 2009
Commercial real estate deals used to be hammered out in boardrooms, but with the rise of foreclosures in that sector, many of them are now being negotiated at the courthouse.
The steps of the Shelby County Courthouse proved to be a hot spot for high-dollar, high-profile commercial deals in June, a month that saw the most lucrative transaction and two of the top three sales occur following foreclosures.
41.
New Building Slated for Hickory Hill Dialysis and Vascular Surgery Center -
Tuesday, June 09, 2009
6490 Mount Moriah Road Ext.
Memphis, TN 38115
Permit Amount: $1.1 Million
Project Cost: $1.1 million
Permit Date: Applied June 2009
Completion: Autumn 2009
Owner: DH MR Partners
Tenant: Mid-South Nephrology Consultants
Contractor: S. Webster Haining & Co.
Architect: Christopher Kidd & Associates LLC
42.
Oakhaven Warehouse Sells for $2.6 Million -
Monday, June 08, 2009
The 120,560-square-foot warehouse at 4000 Air Park Cove in Oakhaven/Parkway Village has sold for $2.6 million in a special warranty deed to an entity called Hubcap LP. The seller was ProLogis-North Carolina Limited Partnership, a division of Denver-based distribution leasing giant ProLogis.
43.
DeSoto Tops for Industrial Real Estate -
Friday, January 09, 2009
Sale after sale, lease after lease, DeSoto County in 2008 retained its role as the area’s dominant player in industrial real estate with a host of high-profile transactions.
The submarket notched a metro-wide high of 1.1 million square feet in positive absorption in the third quarter of 2008, according to the most recent data from CB Richard Ellis. All year, however, DeSoto County saw big deals get inked as companies either moved into the area from outside the region or relocated to the county from Memphis.
44.
Lightman Buys Back Land To Bolster Retail Center -
Tuesday, September 23, 2008
Three acres in Centennial Commons
Memphis, TN 38125
Sale Amount: $2 Million
Sale Date: Sept. 12, 2008
Buyer: Michael A. Lightman Sr.
Seller: Winsouth Hotel Partnership
Details: Michael Lightman Sr. has bought back a three-acre parcel of land in Centennial Commons retail center that he sold to Winsouth Hotel Partnership nine years ago for $1.4 million. The land is on the southwest corner of the Centennial site, which is north of Winchester Road, east of Germantown Road and near Tenn. 385.
45.
ProLogis Files $3.6M Permit For Warehouse Rehab -
Wednesday, September 17, 2008
ProLogis has filed a $3.6 million permit for additional repairs on its Hickory Hill facility, which was severely damaged in the storms that ripped through the area on Feb. 5. The warehouse is at 5700 Challenge Drive.
46.
ProLogis to Begin Rehab On Hickory Hill Warehouse -
Tuesday, July 01, 2008
5700 Challenge Drive
Memphis, TN 38115
Permit Amount: $1.1 Million
Project Cost: N/A
Permit Date: Applied June 2008
Completion: End of 2008
Owner: ProLogis
Tenant: ProLogis
Contractor: The Conlan Co.
Details: Denver-based ProLogis has filed a permit application to rebuild the foundation of its warehouse at 5700 Challenge Drive. The building, in the Memphis Distribution Center near Raines and Hickory Hill roads, was damaged in the Feb. 5 storms that ripped through the industrial section of Southeast Memphis.
47.
ProLogis to Begin Rehab On Hickory Hill Warehouse -
Friday, June 27, 2008
Denver-based ProLogis has filed a $1.1 million permit application to rebuild the foundation of its warehouse at 5700 Challenge Drive. The building, in the Memphis Distribution Center near Raines and Hickory Hill roads, was damaged in the Feb. 5 storm that ripped through the industrial section of Southeast Memphis.
48.
Congress Urged to Boost Investor Confidence Before Housing Slump Fallout Goes Commercial -
Friday, February 29, 2008
WASHINGTON (AP) - To insulate commercial real estate from a still-crumbling housing market, investors need a confidence boost and Congress should help give it, industry analysts and executives told lawmakers Thursday.
49.
Archived Article -
Tuesday, January 22, 2008
63 lots in
The Vinings
Sale Amount: $6 million
Sale Date: Dec. 26, 2007
Buyer: RAM Holdings LLC
50.
Memphis Industrial Market Experiences 'Flat' 3rd Quarter -
Monday, November 19, 2007
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.
51.
Archived Article -
Tuesday, August 07, 2007
5925 Logistics Drive
Memphis, TN 38118
Permit Cost: $4.7 million
Project Cost: $4.7 million
Permit Date: Applied July 2007
52.
Archived Article -
Tuesday, April 24, 2007
18 buildings near
Memphis International Airport
Sale Amount: $42 million
Sale Date: April 9, 2007
Buyer: Inland American TN Distribution LLC
Sellers: ProLogis-North Carolina LP (14 properties); Dorothy Vea Polk, Lewie R. Polk III, Patricia Polk Boyd, Peggy Polk Kent and Janice Polk Thompson (four properties)
53.
Airport-Area Industrial SitesPart of $56.6 Million Deal -
Thursday, April 19, 2007
Eighteen distribution buildings near Memphis International Airport have sold for more than $42 million as part of a 20-site, $56.6 million portfolio buyout.
Oak Brook, Ill.-based Inland 54.
Barrow Named Chef de Cuisine At Capriccio Grill -
Wednesday, March 14, 2007
The Peabody Hotel has named Brian Barrow chef de cuisine for Capriccio Grill, an Italian steakhouse. Barrow began his culinary career at 27. He attended Johnson & Wales University's College of Culinary Arts in Miami. He previously was a chef at the Ambassador Hotel in Fort Lauderdale, Fla., and with Do & Co International Catering.
55.
ProLogis Finances WarehouseIn Memphis Distribution Center -
Thursday, August 31, 2006
ProLogis-Macquarie Tennessee III LLC has filed a $9 million mortgage through New York Life Insurance Co. for Memphis Distribution Center Building J at 5700 Challenge Drive. The 427,500-square-foot warehouse was built in 56.
Kyocera Prepares for Opening of New Memphis Distribution Center -
Tuesday, August 29, 2006
With the recent decision to locate a new distribution hub in Memphis, Kyocera Mita America executives have made it clear Memphis is "people friendly" enough for their tastes.
The phrase appears in the company's latest television commercial and has been echoed throughout its three-year-long "People Friendly" advertising campaign.
57.
Pricey Merchandise -
Wednesday, August 23, 2006
Earlier this year, the Gary Myers Co. sold a 17,000-square-foot office warehouse at 3121 Bartlett Corporate Center Drive to an investment group for $1.5 million. The multi-tenant building, purchased by BCH Investments, is a short drive from Interstate 40 and counts big users like Brother International Corp. as neighbors.
58.
Former Immigrant Among Out-of-Towners Buying Memphis Industrial Real Estate -
Monday, August 21, 2006
It's perhaps an understatement to say that Moshe Silagi, a Southern California developer who functions most of the time on less than six hours of sleep a night, loves the art of the real estate deal.
59.
ProLogis Leases SpaceIn Newest Memphis Facility -
Wednesday, August 16, 2006
Denver-based ProLogis has leased 600,000 square feet of industrial space to two customers at ProLogis Park Stateline, one of its properties in Memphis.
Kyocera Mita America has leased 3060.
Archived Article -
Tuesday, January 17, 2006
Thousand Oaks Boulevard (three addresses)
Cost: $28.6 million
Buyer: Talcott III Thousand Oaks LP
Seller: Glenborough Properties LP
61.
Archived Article -
Tuesday, November 15, 2005
Four parcels
in Memphis
Cost: $8.3 million
Buyer: Maruti Somerset Park LLC
Seller: Tarragon Lake Point Partnership
62.
BNSF Buys 11.5 AcresNear Lamar Avenue -
Tuesday, October 18, 2005
BNSF Railway Co. has purchased 11.5 acres at 4598 Lamar Ave. from Prologis-North Carolina LP for $4.2 million. The property contains two 260,000-square-foot office and warehouse/distribution buildings in the Lamar Distribution Center. The purchase is63.
Archived Article -
Tuesday, August 30, 2005
30 units in
Lexington Condominiums
Cost: $22.9 million
Borrower: Lexington Partners LLC
Lender: SunTrust Bank
64.
Prologis FinancesWarehouse Property -
Wednesday, August 24, 2005
Prologis-Macquarie Tennessee II LLC has financed a 257,968-square-foot warehouse at 5295-5305 Logistics Drive through Teachers Insurance and Annuity Association of America for $13.4 million. The property is part of 79.79 acres purchased by Prologis, 65.
Archived Article: Daily Digest -
Thursday, September 02, 2004
Land Near Wolfchase Land Near Wolfchase
Sells for $11.5 Million
TomBo Properties Inc. has purchased 38.05 acres of vacant land near Germantown Parkway in the Galleria of Memphis Planned Development for $11.5 million, according to The Daily ...
66.
Archived Article: Real Recap -
Tuesday, November 04, 2003
Parcels located in ProLogis-Macquarie Finances Four Parcels Parcels in two
distribution centers
Cost: $27.5 million
Borrower: ProLogis-Macquarie Tennessee II LLC
Lender: Allstate Life Insurance Co.
Trustee: Wesley D. Turner of Will...
67.
Archived Article: Real Review P.3 -
Tuesday, March 06, 2001
Home sale prices increase Home sale prices increase in January, MAAR says The median sales price of existing, single-family homes in the Memphis area increased 9.75 percent in January, increasing to $118,000, compared with $106,500 for the same mont...68.
Archived Article: Real Review -
Tuesday, February 06, 2001
Condo market slips for quarter, Condo market slips for quarter, sets new annual sales record Sales of existing condominiums and cooperatives slipped from record levels during the fourth quarter but 2000 posted a new annual record, the National Assoc...69.
Archived Article: Real Review -
Tuesday, August 15, 2000
Continental General Tire has leased a 300,000-square-foot distribution facility at the Airport Industrial Park Tire company leases in Airport Industrial Park Continental General Tire has leased a 300,000-square-foot distribution facility at the Airp...70.
Archived Article: Marketplace (indust) -
Monday, July 17, 2000
By SUZANNE THOMPSON Industrial development shows no sign of weakening By SUZANNE THOMPSON The Daily News It doesnt appear Memphis will be relinquishing its title of "Americas Distribution Center" any time soon. Industrial development conti...