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Editorial Results (free)

1. Highland Row Developer Applies for $6.7 Million Permit -

387 S. Highland St.
Memphis, TN 38111
Permit Amount: $6.7 million

Project Cost: $61 million
Application Date: November 2014
Engineer: Jordan & Skala Engineers
Details: Indianapolis-based developer Milhaus Ventures has applied for another building permit for the long-awaited Highland Row project near the University of Memphis.

2. Olive Branch Business Park Closer to Development -

A Texas-based development firm could start turning dirt soon on a massive new business park in Olive Branch.

Hillwood Investment Properties is expected to close on a land purchase next week that will clear the way for Legacy Park, a 265-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

3. Smart Growth Plan Sets Stage in Germantown -

In 2007, the city of Germantown adopted its Smart Growth plan and accompanying zoning regulations, which promoted more walkable, accessible mixed-use development in its central business district and surrounding neighborhoods.

4. Source: Horizon Under Contract To Be Purchased -

The Horizon, an uncompleted 16-story residential tower overlooking the Mississippi River on the southern end of Downtown, could change hands soon.

A yet-to-be-identified buyer is under contract to purchase the tower, according to sources familiar with the effort.

5. Springing to Life -

When Ridgeland, Miss.-based development firm the Bryan Co. broke ground on The Horizon condominium tower in 2007, it was at the peak of the housing bubble and optimism from elected officials and Downtown boosters was equally high.

6. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

7. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

8. Aren Investments Buys Winchester Haverty’s -

Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

9. ‘A Step Closer’ -

The general contractor for the Crosstown redevelopment project recently applied for three building permits totaling $115.3 million as the development team approaches a key period for financing the ambitious project.

10. Shops of Wolflake Sells for $3.8 Million -

2965 N. Germantown Road
Bartlett, TN 38133
Sale Amount: $3.8 million

Sale Date: May 20, 2014
Buyer: Bartlett Interests LLC
Seller: Pref Wolflake Partners GP
Details: The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.

11. Shops of Wolflake Sells for $3.8 Million -

The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.

12. Vote of Confidence -

After experiencing a strong fourth quarter in 2013, confidence in the Memphis office market remains high so far this year.

First quarter leases signed outnumbered tenant move outs and the Memphis market ended the quarter with 54,989 square feet of absorption, according to CB Richard Ellis Memphis.

13. Pinnacle Apartments Sell for $3.8 Million -

305 S. Bellevue Blvd.
Memphis, TN 38104
Sale Amount: $3.8 million

Sale Date: April 8, 2014
Buyer: Pinnacle Apartments Property Owner LLC
Seller: Bellevue Tower II LLC
Loan Amount: $3.4 million
Loan Date: April 11, 2014
Maturity Date: May 1, 2019
Lender: JPMorgan Chase Bank NA
Details: An affiliate of Woodbury, N.Y.-based CLK Properties has paid $3.8 million for the 118-unit Pinnacle Apartments at 305 S. Bellevue Blvd. in Midtown.

14. Warren Buffett Offers Lesson in Value Investing -

OMAHA, Neb. (AP) – Warren Buffett is offering a refresher course on his approach to investing in his annual letter to Berkshire Hathaway Inc. shareholders.

15. CDC Leaders Have Challenges in Communities -

Community development corporations are designed to help create more housing in areas where investors and banks might not normally invest without incentives.

But the CDCs, as they are known, are increasingly in the business of adding business development to the housing in a combination of community building.

16. Belz Sells Shelby Oaks EnSafe Center for $910,000 -

5710-5730 Summer Trees Drive
Memphis, TN 38134
Sale Amount: $910,000

Sale Date: Jan. 10, 2014
Buyer: EnSafe Inc.
Seller: BICO Associates GP
Details: An affiliate of Belz Enterprises has sold the five-building Shelby Oaks EnSafe Center office complex on Summer Trees Drive in Northeast Memphis for $910,000.

17. Wedgewood Commons Sells for $33.9 Million -

An Illinois-based real estate investment trust has acquired the Wedgewood Commons Shopping Center in Olive Branch, Miss., from Stonecrest Investments LLC.

18. Wedgewood Commons Sells for $33.9 Million -

An Illinois-based real estate investment trust has acquired the Wedgewood Commons Shopping Center in Olive Branch, Miss., from Stonecrest Investments LLC.

19. Lakeland Seeks Outlet Mall Revival -

Officials in Lakeland are hopeful that a long-planned redevelopment of the old Lakeland Factory Outlet Mall site could finally become a reality.

The Lakeland Board of Commissioners recently passed a resolution expressing support for the project, including asking city staff to explore possible incentives that could get the project off the drawing board and into development.

20. Developer Buys Land for Somerset Subdivision -

26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million

Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3 acres near the intersection of Germantown and Neshoba roads.

21. ‘Pro-Business’ -

The explosive population growth and business-friendly environment in DeSoto County have combined to transform its formerly sleepy suburbs into thriving retail and industrial development centers.

Today, Goodman Road looks more and more like a busy commercial strip in Memphis, and DeSoto County has become the favored location for large industrial developers.

22. ‘Pro-Business Environment’ -

The explosive population growth and business-friendly environment in DeSoto County have combined to transform its formerly sleepy suburbs into thriving retail and industrial development centers.

Today, Goodman Road looks more and more like a busy commercial strip in Memphis, and DeSoto County has become the favored location for large industrial developers.

23. Apartment, Retail Markets Holding Steady -

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

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.

24. Bass Pro Shops Files $40 Million Permit -

1 A.W. Willis Ave.
Memphis, TN 38103
Permit Cost: $40 million

Project Cost: $150 million

Permit Date: Applied September 2013

Completion: 2014

Owner: City of Memphis

25. Oklahoma Hotel Group Buys Baymont Inn -

6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million

Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Lender: InterBank
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

26. Kroger-Anchored Center Sells for $14.6 Million -

4270 Summer Ave. Memphis, TN 38122

Sale Amount: $14.6 million

Sale Date: June 18, 2013

27. University Cabanas Sell for $2.1 Million -

2059 Vollintine Ave., Memphis, TN 38107

Sale Amount: $2.1 million

Sale Date: May 20, 2013

28. Owner Files $1.7 Million Loan on Arlington Center -

The new owner of the 13,658-square-foot retail center at 9915 U.S. 64 in Arlington has filed a $1.7 million loan on the property.

HGG Investments LLC filed the deed of trust May 6 through First Citizens National Bank. The financing was in conjunction with HGG Investments obtaining the property in a quitclaim deed from Robert E. Harris, Beverley R. Harris, Becky J. Graybill and Andrew P.P. Golay.

29. Berclair Dollar General Sells for Almost $1 Million -

3443 Jackson Ave., Memphis, TN 38122

Sale Amount: $971,000
Sale Date: March 14, 2013
Buyer: VM Property Investments LLC
Seller: Ware Properties LLC
Loan Amount: $679,700
Loan Date: March 14, 2013
Maturity Date: N/A
Lender: US Bank NA
Details: The 9,160-square-foot Dollar General store at 3433 Jackson Ave. in Berclair has sold for $971,000.

30. Berclair Dollar General Sells for Almost $1 Million -

The 9,160-square-foot Dollar General store at 3433 Jackson Ave. in Berclair has sold for $971,000.

VM Property Investments LLC of Sandy, Utah, bought the 2-year-old retail store from Ware Properties LLC, the Coldwater, Miss.-based company that developed the property.

31. Wills Stewarding Growth of East Memphis Land -

For Walter Wills III, taking care of his neighborhood and the surrounding area is one of his life tasks.

Wills & Wills LP has owned much of the land in the Kirby-Quince corridor for more than 40 years. The area is seeing an influx of medical office and retail users in the past few years, and more are expected with a new Regional Medical Center at Memphis outpatient center in the area.

32. Boyle Celebrates 80 Years, Sponsors Art Exhibit -

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

33. Madewell Coming to Saddle Creek -

The Shops of Saddle Creek in Germantown will soon gain another national retailer with no other presence in Tennessee.

Madewell, a subsidiary of J. Crew Group Inc., has signed a 3,061-square-foot lease in The Shops of Saddle Creek North, 7509 Poplar Ave., in part of the space that was previously The Gap in between James Avery Jewelry and Brighton Collectables.

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. MED Buys East Memphis Land for $3.4 Million -

6525 Quince Road Memphis, TN 38119

Sale Amount: $3.4 million

Sale Date: Nov. 16, 2012

36. Pennsylvania Company Buys Cordova Walgreens -

An affiliate of American Capital Realty has paid $3.8 million for the 15,048-square-foot Walgreens at 1943 Berryhill Road in Cordova.

37. Gen X Inks State’s First Location on Austin Peay -

A trendy Vernon, Calif.-based retailer has inked its first Tennessee location in Austin Peay Plaza.

Gen X Clothing Inc. signed a 35,000-square-foot lease at 3252 Austin Peay Highway. The space was formerly occupied by Big Lots.

38. Medical Office Sector Enters Transitional Period -

As the trend for health care mergers intensifies, the city’s medical office market evolves, with some private practices consolidating into hospital systems and others relocating to better serve their patients.

39. Nashville Company Buys Wolf River Medical Building for $11 Million -

8040 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $11 million

Sale Date: Oct. 9, 2012
Buyer: HRT of Tennessee Inc.
Seller: Bayrock Investment Co. LLC
Details: HRT of Tennessee Inc., an affiliate of Nashville-based Healthcare Realty Trust Inc., has paid slightly less than $11 million for the medical office building at 8040 Wolf River Blvd. in Germantown.

40. Summer Avenue Walgreens Sells for $4 Million -

The 14,092-square-foot Walgreens store at 5828 Summer Ave. (U.S. 70) has sold for $4 million to an entity called ARC WGMEMTN001 LLC.

41. First Tennessee Unit to Move Downtown -

First Tennessee Bank is preparing its Downtown Memphis headquarters for occupancy of one of its units.

42. Raines Road Warehouse Sells for $2.3 Million -

4049 E. Raines Road
Memphis, TN 38118

Sale Amount: $2.3 million

Sale Date: Aug. 3, 2012

43. Dollar General Buys Elvis Presley Blvd. Store -

Retail Property Investments LLC, a subsidiary of Goodlettsville, Tenn.-based Dollar General Corp., has bought a newly built store on Elvis Presley Boulevard from the company that developed it.

44. Shelby Crossing Retail Center Sells for $2M in Foreclosure -

6100 Macon Road
Memphis, TN 38134

Sale Amount: $2 million

Sale Date: July 13, 2012

45. Dollar General Buys Three New Stores -

Goodlettsville, Tenn.-based Dollar General Corp. has paid $3.2 million to buy three recently completed stores from Ware Properties LLC, the company that built them.

46. Hickory Hill Warehouse Sells for $1.3 Million -

5837 Distribution Drive
Memphis, TN 38141

Sale Amount: $1.3 million

Sale Date: July 11, 2012

47. Walgreens Buyer Finances Purchase With $2.6M Loan -

WG Memphis Holdings LLC, the Hamilton, N.J.-based company that bought the Walgreens site at 6980 E. Holmes Road, has financed the purchase with a $2.6 million loan through Wells Fargo Bank NA.

48. Walgreens Site on Holmes Sells for $3.5 Million -

Hamilton, N.J.-based WG Memphis Holdings LLC has bought a Walgreens property at 6980 Holmes Road for $3.5 million, the same price seller Trio Investments LLC paid for it a decade ago.

49. Farrisview Freight Terminal Sells for $1.7 Million -

2727 Farrisview Blvd.
Memphis, TN 38118

Sale Amount: $1.7 million

Sale Date: April 27, 2012

50. Market Value -

Investor Warren Buffett admitted in his annual letter to shareholders recently that he was “dead wrong” in his early 2011 prediction that the housing market would have begun recovery by now.

51. Crye-Leike Sells Properties, Land At Feb. Auction -

Multiple properties in the Memphis area have traded hands as a result of an auction held by Crye-Leike Auction Services in February.

Kays Nawaf Employee Pension Plan sold three flex warehouse buildings at 4652 Damascus Road, 4660 Damascus Road and 4668 Damascus Road, ranging from 7,450 square feet to 10,160 square feet. There was a published minimum bid of $83,000 each.

52. Room Service -

The good news for the local hotel industry is that last year notched the most rooms ever sold on a daily basis with 4.8 million – 115,628 more than 2010 and 76,780 more than the previous high set in 2007.

53. Elite Electric Relocates to Hickory Withe -

A local electrical designer is relocating its operations from Collierville to Hickory Withe.

Elite Electric & Lighting Inc. has purchased 5,000 square feet of the former John Deere Landscapes facility at 2875 U.S. 64 from K&L Highway 64 Investments LLC for $425,000.

54. Beyond Square One -

Memphis City Council’s approval for spending $16 million to improve Midtown’s Overton Square marked a milestone for neighborhood supporters, grassroots leaders and financial stakeholders – especially Loeb Properties Inc.

55. Cross Creek Shopping Ctr. Sells for $12.7 Million -

3469 Riverdale Road, 3505 Riverdale Road and 3587 Riverdale Road
Memphis, TN 38115
Sale Amount: $12.7 million

56. Sanderlin Centre Sells for $5.3M to Lightman Entity -

An entity composed of Michael A. Lightman Sr. and family members has bought Sanderlin Centre retail property at 5101 Sanderlin Ave. for $5.3 million.

57. Lightman Entity Buys Sanderlin Centre for $5.3M -

An entity composed of Michael A. Lightman Sr. and family members has bought Sanderlin Centre retail property at 5101 Sanderlin Ave. for $5.3 million.

58. Company Buys 11 Acres On Thousand Oaks -

NAI Saig Co. has negotiated a pair of investment sales in recent weeks. Corolla Management Corp. has purchased two sites totaling 10.6 acres on Thousand Oaks Cove from Bank of Bartlett for $925,000.

59. Plotting a Course -

State and federal officials are developing new programs and legislation to bolster small businesses.Many companies are facing a variety of hurdles in a lackluster economy in which millions remain jobless and the outlook for consumer confidence and companies’ confidence in hiring and investing remain bleak. But what shape those hurdles have taken depends on who you ask.

60. 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.

61. Nike Adds 400K Square Feet To Local Portfolio -

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.

62. WPG Americas Signs Lease in Southaven -

A San Jose, Calif.-based worldwide electronics distributor is entering the Memphis area with full force.

WPG Americas Inc. has signed a 54,000-square-foot lease at Airways Distribution Center, 481 Industrial Drive, in Southaven. The project – a relocation of the WPG America’s New York facility – represents a $1.5 million investment by the company and will create 60 jobs over the next three years.

63. Infinity Real Estate Buys Office Building for $1.2 Million -

5100 Sanderlin Ave.
Memphis, TN 38117
Sale Amount: $1.2 million

Sale Date: Feb. 16, 2011
Buyer: Infinity Real Estate LLC
Seller: Blanchard E. Tual, successor trustee of the Don Wallace Morgan Family Trust created under the last will and testament of Don Wallace Morgan dated Dec. 8, 2003, and Mary Katherine Fouts and Douglas A. Garner, co-trustees of the Fouts Estate Family Trust created under the last will and testament of Jimmie Darrell Fouts dated June 15, 2005
Loan Amount: $1.3 million
Loan Date: Feb. 16, 2011
Maturity Date: Feb. 16, 2026
Lender: First Tennessee Bank NA

64. 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.

65. Dotzour Outlines CRE Future at MAAR Summit -

For this year’s version of the commercial real estate industry to differ from 2010, the economy needs one thing – jobs.

That was the message Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University, told a room full of local brokers, bankers and appraisers at Wednesday’s Commercial Property Forecast Summit, held at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

66. Summit to Provide Insights for CRE Market -

Commercial real estate professionals will soon have the opportunity to gain insight on local and national issues that have an effect on Memphis business.

The eighth annual Commercial Property Forecast Summit, presented by the Memphis Area Association of Realtors Commercial Council, will provide reviews and forecasts of four local commercial real estate sectors.

67. 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.

68. Skyline Grows Local Footprint on Vantech Dr. -

Skyline Exhibits MidSouth is expanding its presence at East Pointe Business Center.

The St. Paul, Minn.-based tradeshow exhibits company renewed its 9,958-square-foot lease at 3895 Vantech Drive, Suite 9, and expanded into an additional 3,524 square feet. The additional space will enable Skyline to assemble and store exhibits for clients.

69. Economic Development Top Priority for Flanagan -

Since the establishment of the DeSoto County Economic Development Council in 1978, the county has seen the development of numerous industries, jobs and capital investment.

One of the drivers of those efforts has been Jim Flanagan, president and CEO of the council, who has played a major role in making the county a good place for business.

70. Lamar Crossing Slated for Auction Block -

More than three years after developers broke ground on Lamar Crossing, the end is finally in sight for the beleaguered apartment complex.

Arvest Bank of Oklahoma, the bank that reclaimed the property when it ran into financial problems, has commissioned Marcus & Millichap Real Estate Investment Services to hold an online auction for the 120-unit property.

71. Jim’s Place East Finds New Home on Perkins -

Jim’s Place East – a Memphis tradition since its founding nearly 90 years ago – is opening a location at Poplar Avenue and Perkins Road, having signed a 10-year lease for the 5,900-square-foot space that recently housed Harold’s women’s boutique.

72. Jim's Place East to Relocate to Poplar/Perkins -

Jim’s Place East – a Memphis tradition since its founding nearly 90 years ago – is opening a location at Poplar Avenue and Perkins Road, having signed a 10-year lease for the 5,900-square-foot space that recently housed Harold’s women’s boutique.

73. American Snuff Files Permit for Improvements to Hickory Hill Property -

5106 Tradeport Drive
Memphis, TN 38115
Permit Amount: $3.2 Million

Project Cost: $3.2 million
Permit Date: Applied April 2010
Completion: TBA
Owner: American Snuff Co. LLC
Tenant: American Snuff Co. LLC
Contractor: N/A
Architect: N/A

74. Calif. Company Buys Two Foreclosed Buildings -

A California company called Logical Group Inc. has paid $1.1 million for a pair of commercial buildings that recently were foreclosed.

75. Commission Races Hinge on Public Issues -

Two issues figure in to the 11 competitive races for the Shelby County Commission – the future of the Regional Medical Center and local government consolidation.

Any push card for a credible candidate includes either something about how to save The MED or the candidate’s opposition to consolidation – or both.

76. Hyneman Sells 3-acre Outparcel Of Lakeland’s Corner Shops -

2957 Canada Road
Lakeland, TN 38002
Sale Amount: $550,000

Sale Date: March 22, 2010
Buyer: A. Douglas Collins
Seller: Corner Shops LLC

77. Questions Abound for Commercial Real Estate’s Future -

The commercial real estate market will need to navigate its way through a host of landmines before it sees anything resembling recovery.

That was the message Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University, told local brokers, bankers and appraisers at Wednesday’s Commercial Property Forecast Summit, held at the Germantown Performing Arts Centre and sponsored by the Memphis Area Association of Realtors Commercial Council.

78. Conwood Acquisition Helps Salvage November Commercial Sales -

A single, high-dollar transaction helped salvage November’s commercial sales total, accounting for half of the dollar volume last month. Beyond that, the most noteworthy trend to arise from the most recent data was a dearth of activity as Shelby County nears the end of 2009 – the slowest year for commercial transactions in at least two decades.

79. Commercial Real Estate Hits Doldrums -

When it comes to trends, commercial real estate usually lags residential real estate, sometimes by as much as a year. So with the housing market showing its first signs of improvement during the last month or so, the commercial sector needs to prepare itself for a long, bumpy road to recovery.

80. Wright Medical Buys Arlington Bldg. For Distribution Needs -

11481 Gulf Stream Ave.
Arlington, TN 38002
Sale Amount: $1.6 Million

Sale Date: Oct. 29, 2009
Buyer: Wright Medical Technology Inc.
Seller: Covington Furniture Manufacturing Co.
Details:  Wright Medical Group Inc. has bought a 56,340-square-foot building at 11481 Gulf Stream Ave. near its Arlington campus to increase distribution capacity. Operating in the transaction as Wright Medical Technology Inc., the company paid $1.6 million for the building, which was completed in 1973 and sits on 4.29 acres near the intersection of Tenn. 385 and U.S. 70.

81. Holrob Sells Last Piece Of Collierville Crossing Retail Center -

1.1 Acres
Collierville, TN 38017
Sale Amount: $1.5 Million

Sale Date: Oct. 15, 2009
Buyer: Murray-Collierville LLC
Seller: Holrob-Collierville LLC
Loan Amounts: $1.2 million; $200,000
Loan Dates: Oct. 15, 2009
Maturity Dates: Nov. 2, 2034; Oct. 15, 2014
Lenders: Community Financial Services Bank; Holrob-Collierville GP

82. High-Dollar Deal Boosts Commercial Real Estate -

Following what has become a pattern, the local commercial real estate market in September was salvaged by one large deal that offset an otherwise dreary month.

This time it was Resource Real Estate Inc. to the rescue. The Philadelphia-based company bought the Wyndridge Apartments for $9.5 million Sept. 29 and carried the weight for Shelby County’s commercial activity during the month.

83. Holrob Investments Sells Collierville Parcel -

Holrob-Collierville GP, an affiliate of Knoxville-based Holrob Investments LLC, has sold a seven-bay, 8,820-square-foot retail center that sits on 1.1 acres in Collierville Crossing for $1.5 million to an entity called Murray-Collierville LLC. The sale closed Thursday.

84. Taking Off -

Aviators attain flight and control the movements of their aircraft by precisely balancing the forces of lift, thrust, drag and gravity. The people piloting the aerotropolis initiative – the promotion of Memphis’ economy focused on the airport, other transportation assets and the connectivity among them – are negotiating their own set of physics in hopes of becoming airborne.

85. Taking Off -

Aviators attain flight and control the movements of their aircraft by precisely balancing the forces of lift, thrust, drag and gravity. The people piloting the aerotropolis initiative – the promotion of Memphis’ economy focused on the airport, other transportation assets and the connectivity among them – are negotiating their own set of physics in hopes of becoming airborne.

86. Louisiana Investor Buys Arlington Retail Center -

6050 Air Line Road
Arlington, TN 38002
Sale Amount: $1.8 Million

Sale Date: Sept. 2, 2009
Buyer: Southeast Investments LLC
Seller: Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery, Phillip Chamberlain

87. Arlington Center Sells for $1.8 Million -

Southeast Investments LLC of Slidell, La., has bought a 23,952-square-foot retail center at 6050 Air Line Road in Arlington for $1.8 million in a deed in lieu of foreclosure. The sellers were Pleasant Place LLC, Waymon H. Welch, Danya Welch, Dawn Welch, Jon E. McCreery and Phillip Chamberlain. The sale closed Sept. 2.

88. Redevelopment Ahead for Poplar-Colonial Intersection -

Change is coming to a busy East Memphis intersection, where a car wash will soon be built as the first piece of a larger redevelopment plan.

SunShine Car Wash is planning a new facility at the southeast corner of Poplar Avenue and Colonial Road, on land the company’s owners recently acquired. Last month a group called BCH Investments LLC bought three parcels – 4811, 4825 and 4831 Poplar Ave. – for $1.4 million.

89. Another Black Eye for Commercial Real Estate -

Commercial real estate sales suffered yet another decline in July as the ongoing economic crisis and tightened lending landscape continued to wreak havoc on the market.

Just 45 sales were made last month in Shelby County, down 24 percent from 59 sales in July 2008 and even down 15 percent from 53 sales in June, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

90. Owner Files Loan On Houston Levee Center -

Houston Levee Investments LLC, the owner of a 16,320-square-foot retail center at 2821 N. Houston Levee Road, has filed a $1.7 million loan on the property through First Citizens National Bank. The loan was dated Aug. 13.

91. Justin's Empire: Timberlake drives business interests where it all began -

Justin Timberlake might be best known for hit records, dance moves and sold-out concerts, but the 28-year-old entertainer extraordinaire is much more than a singer/dancer/performer. The award-winning, chart-topping Timberlake – or, simply, JT – has become an institution, a brand name that transcends his showbiz persona and carries as much cachet as any living celebrity.

92. Catherine’s Inc. Sells Last Local Facility -

Bensalem, Pa.-based Charming Shoppes Inc., the parent company of Catherine’s Inc., a direct marketer of women’s apparel, earlier this month sold its last Memphis-area Catherine’s Inc. office building and distribution center to an entity called Teji Investments LLC.

93. Welch Investments’ Retail Center Foreclosed -

The strip center at 2564 Appling Road near Bartlett has been foreclosed and will be sold on the courthouse steps in a substitute trustee’s sale, according to a notice that appears beginning on Page 39 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

94. CCC Meeting Mirrors Economic Realities -

The agenda for today’s Center City Development Corp. meeting offers a ground-level snapshot of how the economy is shaping business plans and real estate efforts in the heart of Memphis.

95. Former Cordova Applebee’s To Be Converted to IHOP -

1106 N. Germantown Parkway
Cordova, TN 38016
Sale Amount: $1.3 Million

Sale Date: April 2, 2009
Buyer: Hotcakes Cordova Venture LLC
Seller: Gourmet Systems Inc.
Loan Amount: $1.6 million
Loan Date: April 2, 2009
Maturity Date: Sept. 30, 2014
Lender: Branch Banking and Trust

96. Oakhaven Walgreens Sells for $5.6 Million -

The Walgreens store at 3177 S. Perkins Road in the Oakhaven/Parkway Village area has sold for $5.6 million to an entity called Cole WG Memphis TN LLC in a special warranty deed. The sale closed in late March with CRE Memphis Triple Net Holdings as seller.

97. Dental Building Sold In Cordova -

850 Willow Tree Circle, Suite 101
Cordova, TN 38018
Sale Amount: $800,000

Sale Date: March 11, 2009
Buyer: Jason Collier
Seller: William and Jeanne Locante
Loan Amounts: $633,200; $160,000
Loan Dates: March 11, 2009 (both)
Maturity Date: N/A
Lenders: The Huntington National Bank; William and Jeanne Locante

98. Countrywood TIC Activity Surpasses Purchase Price -

The Countrywood Crossing shopping center at 2257 N. Germantown Parkway in Cordova added its 32nd tenant-in-common (TIC) with the arrival of Countrywood-Hardt LLC of San Diego. That entity paid $2.2 million for 3.56 percent of the 175,000-square-foot shopping center.

99. Old BellSouth Building to be Demolished -

The multistory building at 1544 Madison Ave. in Midtown once occupied by BellSouth is being demolished by city order.

100. 100 South Main Partners Secure Project Financing -

100 S. Main St.
Memphis, TN 38103
Loan Amount: $9.5 Million

Loan Date: Dec. 23, 2008
Maturity Date: N/A
Borrower: 100 South Main Partners
Lender: SunTrust Bank