Editorial Results (free)
1. Virginia Company Buys Poplar Avenue Retail Property
- Tuesday, April 30, 2013
7665 Poplar Ave. Germantown, TN 38138
Sale Amount: $2.9 million
Sale Date: April 19, 2013
2. Hickory Hill Warehouse Sells for $1.3 Million
- Tuesday, July 17, 2012
5837 Distribution Drive
Memphis, TN 38141
Sale Amount: $1.3 million
Sale Date: July 11, 2012
3. Walgreens Buyer Finances Purchase With $2.6M Loan
- Friday, July 13, 2012
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.
4. Walgreens Site on Holmes Sells for $3.5 Million
- Tuesday, July 10, 2012
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.
5. Big-Box Vacancies Prove Hard To Fill
- Tuesday, June 26, 2012
The closing of big-box stores in recent years belonging to the likes of Borders Group Inc., Circuit City Inc. and others has left suburban shopping centers around the country with lots of space to fill.
6. Essex Signs Two Leases For Discount Store Locales
- Friday, May 11, 2012
A Nashville-based discount retailer has entered the Memphis market in full force, inking two leases totaling 77,301 square feet.
Essex Bargain Hunt has leased 35,767 square feet at 590 N. Germantown Parkway and 41,534 square feet at 5124 Summer Ave. Kemp Conrad and Neely Mallory IV of Cushman & Wakefield/Commercial Advisors LLC represented the tenant in both transactions.
7. Pera, Lightman, Rainer V Take Top Pinnacle Awards
- Thursday, April 26, 2012
The Memphis Area Association of Realtors Commercial Council honored the top performers in commercial real estate for 2011 at the 11th annual Pinnacle Awards gala, held Tuesday, April 24, at the Holiday Inn University of Memphis.
8. Grinding it Out
- Monday, February 06, 2012
After most recessions, real estate bounces back.
But the Great Recession has been notably different – long, deep and very prolonged.
That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.
9. 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.
10. Prolonged Recession
- Monday, December 26, 2011
In the words of Phil Woodard, an owner of multiple residential and commercial properties in Downtown Memphis, breaking even is the new profit.
Or as national real estate expert Jonathan Miller said earlier this month at the Urban Land Institute’s Real Estate Outlook for the Mid-South, “We cannot expect to make money the way we did a few years ago.”
11. ‘Get In and Out’
- Monday, December 19, 2011
In a local commercial real estate market where prices have plunged as much as 40 percent from 2007 peaks, special service companies are taking advantage of opportunities for buying distressed debt.
12. Cross Creek Shopping Ctr. Sells for $12.7 Million
- Tuesday, November 22, 2011
3469 Riverdale Road, 3505 Riverdale Road and 3587 Riverdale Road
Memphis, TN 38115
Sale Amount: $12.7 million
13. Cross Creek Shopping Center Sells for $12.7 Million
- Thursday, November 17, 2011
Commack, N.Y.-based Allied Development of Memphis LLC has bought Cross Creek Shopping Center for $12.7 million.
14. Company Buys 11 Acres On Thousand Oaks
- Friday, September 30, 2011
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.
15. MEPPI Buys Rivergate Park Acreage For Transformer Plant
- Tuesday, June 07, 2011
186.2 Acres In Rivergate Industrial Park
Sale Amount: $3.7 million
Sale Date: May 31, 2011
Buyer: Mitsubishi Electric Power Products Inc.
Seller: Belz Investco GP
Details: Warrendale, Pa.-based Mitsubishi Electric Power Products Inc. has bought three parcels in Rivergate Industrial Park from Belz Investco GP for $3.7 million. The deal closed May 31. The first parcel is 9.3 acres on the north side of Riverport Road (listed in the deed as Rivergate Road). It backs McKellar Lake, and the Shelby County Assessor of Property’s 2011 appraisal is $419,000. The second parcel is 63 acres on the south side of Riverport Road, appraised at $604,600. The third parcel is 113.9 acres on the north side of Riverport Road, wrapping around the 9.3-acre parcel and including an offshoot of McKellar Lake. Its 2011 appraisal is $769,600.
MEPPI announced in mid-February it would build a $200 million transformer manufacturing plant in Belz Enterprises Inc.-owned Rivergate Industrial Park.
In March, the Shelby County Commission and Memphis City Council each put in $1 million toward infrastructure financing for the project.
16. Bartlett Warehouses Sell for $15M in Foreclosure
- Monday, June 06, 2011
CMLT 2008-LS1 Wolf Lake Drive LLC, an entity affiliated with Miami Beach, Fla.-based LNR Partners LLC, has bought 10 parcels comprising 15 addresses in Bartlett Logistics Center at a foreclosure sale for $15 million. CMLT 2008-LS1 Wolf Lake Drive LLC was the current lender for the property.
17. Thrifty Real Estate
- Friday, May 27, 2011
One area that has seemed to thrive in the recession is discount retailers, including thrift and dollar stores.
Low-cost operators, including nonprofit organizations like Memphis Goodwill Industries, are able to find more affordable property than in previous years. That’s because as market conditions have dropped, so has price per square foot, said Dave Leutwyler, Goodwill executive vice president.
18. Real Estate Recycling
- Monday, November 08, 2010
If sustainability is defined as reuse of land and/or structures for new purposes, Hickory Hill may be the capital of the concept in Memphis.
Consider New Direction Christian Church, which found a home in a vacant big box store and now plans to transform a vacant and blighted apartment complex into a charter middle and high school with a performing arts center. The bulldozers began demolishing the Marina Cove apartments complex last month.
19. 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.
20. Second Street Building Gets Mixed-Use Makeover
- Tuesday, October 26, 2010
Developers are bringing a brand of apartments that has flourished on Downtown’s Main Street one block over with a $9.7 million project called Van Vleet Flats and Offices.
An extensive rehab has begun on the old warehouse at 109 S. Second St., at the northwest corner of Second Street and Gayoso Avenue.
21. Greenbrier Gets Loan for Downtown Project
- Tuesday, October 12, 2010
436 S. Front St.
Memphis, TN 38103
Loan Amount: $2.1 million
Loan Date: Sept. 30, 2010
Maturity Date: n/a
Borrower: Greenbrier Partners LLC
Lender: Southern Bancorp Bank
22. Cross Creek Center In Foreclosure
- Tuesday, September 21, 2010
Cross Creek Center, the shopping center at the northwest corner of Riverdale and Winchester roads, is scheduled for a foreclosure sale, according to a first-run foreclosure notice in today’s Daily News. The foreclosure covers 3469 Riverdale Road, 3505 Riverdale (also known as 3505 Winchester) and 3587 Riverdale.
23. Commercial Sales See Bump in October
- Friday, November 27, 2009
High-dollar transactions involving a wide range of properties – vacant land, a strip center, an apartment complex and a couple of warehouses – helped Shelby County’s commercial market register a relatively decent month by 2009 standards during October.
24. Wright Medical Buys Arlington Bldg. For Distribution Needs
- Tuesday, November 10, 2009
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.
25. Retail Center Sells Following Foreclosure
- Wednesday, November 04, 2009
The Market of Riverdale Bend, a three-parcel retail portfolio on Winchester Road in Southeast Shelby County, has sold for $4.8 million to an entity called Market at Riverdale Bend HH LLC following a foreclosure of the property. The parcels’ addresses are listed as 7110-7136 Winchester Road and are on the north side of Winchester between Riverdale and Riverdale Bend roads.
26. High-Dollar Deal Boosts Commercial Real Estate
- Tuesday, October 27, 2009
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.
27. Sept. Commercial Sales Drop 18%
- Monday, October 27, 2008
Shelby County’s commercial real estate market was highlighted by a wide variety – but a low volume – of transactions in September, revealing a continued slowdown because of the credit crisis and overall economic slowdown.
28. 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.
29. Florida Investor Buys SE Memphis Retail Center
- Tuesday, August 12, 2008
6990 Shelby Drive
Memphis, TN 38125
Sale Amount: Quitclaim
Sale Date: Aug. 1, 2008
Buyer: Gator Shelby Partners Ltd.
Seller: Shelby Square LLC
Loan Amount: $4.3 million
Loan Date: Aug. 1, 2008
Maturity Date: N/A
Lender: Bank of America NA
Details: Miami-based real estate investment firm Gator Investments, operating locally as Gator Shelby Partners Ltd., has entered the Memphis market with the acquisition of the Shelby Square retail strip center on the northeast corner of Riverdale Road and Shelby Drive.
30. Archived Article
- Tuesday, May 22, 2007
939 Ridge Lake Blvd.
Memphis, TN 38120
Sale Amount: $45 million
Sale Date: May 9, 2007
Buyer: RBD Memphis LLC
31. Winchester Court Sold To DLC Management Corp.
- Tuesday, November 14, 2006
DLC Management Corp. has bought Winchester Court shopping center near Winchester Road and Kirby Parkway in addition to eight other retail properties in Georgia, Florida and Alabama.
32. Bill Morris Boom Times
- Monday, August 14, 2006
Pull off Bill Morris Parkway onto Winchester Road and head east. If you haven't driven down the stretch of Winchester that intersects Hacks Cross Road in the past couple of years, you might not recognize it.
33. Archived Article
- Tuesday, May 30, 2006
3860 Forest Hill-Irene Road
Memphis, TN 38125
Loan Amount: $1.9 million
Loan Date: May 3, 2006
Maturity Date: May 3, 2011
34. Archived Article: Daily Digest
- Tuesday, June 14, 2005
Summit Homes Finances
Summit Homes Finances
Summer Meadows Lots
Summit Homes LLC has financed 11 lots in the Summer Meadows Subdivision in Arlington for $1.9 million. Bank of Bartlett is the lender. Summit Homes purchased 42 lots in phase f...
35. Archived Article: Real Recap
- Tuesday, November 30, 2004
Winchester Commons Sells for $13 Million
Cost: $13 million
Buyer: Inland Western Memphis Winchester LLC
Seller: Germantown Venture
Property: Winchester Commons Shopping Cente...
36. Archived Article: Real Recap
- Tuesday, November 16, 2004
Phillips Edison & Co. Buys Gleneagles Court
4730 Riverdale Road
Memphis, TN 38141
Cost: $7.8 million
Buyer: Gleneagles Station LLC, c/o Phillips Edison & Co.
Seller: Monumental Life Insurance Co.
37. Archived Article: Lead
- Wednesday, November 10, 2004
Winchester Road Office Growing
Winchester Grows as Office Corridor
Germantown leaders push for high-tech development
The Daily News
Southeast Shelby County has been growing by leaps and bounds in recent years, and not just...
38. Archived Article: Real Focus
- Tuesday, May 18, 2004
Winchester: Not Another Germantown Parkway
The Daily News
Germantown Parkway, once a road without any reason for stoplights, now has too many to count, due in large part to commercial development that has taken place in ...
39. Archived Article: Real Focus
- Tuesday, February 03, 2004
Winchester Development Not Slowing Down
The Daily News
Once an area with an insurance agency here, a doctors office there and a few neighborhoods scattered around, Winchester Road in southeastern Shelby County is nothing...
40. Archived Article: Daily Digest
- Friday, March 07, 2003
Northwest Airlines announced a system-wide February load factor of 73.3 percent, 1.1 points below February 2002. System-wide, Northwest flew 5.10 billion revenue passenger miles and 6.96 ...
41. Archived Article: Daily Digest
- Friday, February 28, 2003
Schnucks to close
Schnucks to close
Riverdale Road store
St. Louis-based Schnuck Markets Inc. will close its 5270 Riverdale Road store at 6 p.m. March 15. Its convenience store and fuel center on Riverdale will continue to operate.
42. Archived Article: Workers (lead)
- Tuesday, November 27, 2001
Retailers freeze on seasonal hiring
Mid-South seasonal workers hit hiring freeze
By MARY DANDO
The Daily News
As retailers report a welcome surge in spending over the Thanksgiving holiday, the economic forecast suggests that belt-tighten...
43. Archived Article: Walgreens (lead)
- Friday, July 14, 2000
Walgreens starts Holmes/Riverdale store Walgreens investment growing in Memphis By LAURIE JOHNSON The Daily News Walgreens this week is continuing its press into the Memphis retail drug market, launching construction of one store and opening the doo...
44. Archived Article: Retail (lead)
- Tuesday, January 25, 2000
By SUZANNE THOMPSON Retail construction slows in 1999 experts predict continued decline By SUZANNE THOMPSON The Daily News The number of retail construction starts filed during 1999 dropped 9.7 percent from the number of permits filed during 1998, a...
45. Archived Article: Real Focus
- Tuesday, August 31, 1999
By LAURIE JOHNSON Agreeing on growth Shelby County municipalities clear the first hurdle toward establishing its state-mandated county-wide urban growth plan By LAURIE JOHNSON The Daily News As any parent knows, trying to get two kids to agree on ho...
46. Archived Article: Market Briefs
- Monday, June 14, 1999
A fourth Fazolis restaurant will open in Memphis Thursday at 6466 Poplar Ave A fourth local Fazolis restaurant will open Thursday at 6466 Poplar Ave. The franchise owner is Shane Coughlin. Other Fazolis restaurants are located on Riverdale Road and ...
47. Archived Article: Majestic (bott)
- Tuesday, May 11, 1999
Majestic Centre nearing completion Majestic Centre nearing completion in east Memphis By LAURIE JOHNSON The Daily News Work is nearly complete on Majestic Centre, an upscale retail center under construction in the shadow of the Majestic Theatre on W...
48. Archived Article: Govt (lead)
- Monday, November 30, 1998
A hearing on a proposal to build a retail development across from a similar one recently approved for southeast Memphis will be delayed until January Retail proposal delayed hearing until January By KATHLEEN BURT The Daily News A hearing on a propos...
49. Archived Article: Gov't (scc)
- Monday, November 09, 1998
A resolution to accept block grant funding for the juvenile court and an appeal to erect a sign are two items to be considered at today's Board of Shelby County Commission meeting Block grant, appeal on commission agenda By KATHLEEN BURT The Daily N...
50. Archived Article: Gov't (seessel's)
- Friday, November 06, 1998
Albertsons retail plan Albertsons retail plan on commission agenda By KATHLEEN BURT The Daily News A public hearing is set for Monday to discuss a plan for a new retail development in southeast Shelby County. The plan by Albertsons to build on 12 ac...
51. Archived Article: 3q Retail (lead)
- Monday, October 26, 1998
By STACEY PETSCHAUER Retail growth steady in third quarter '98 By STACEY PETSCHAUER THE DAILY NEWS Shelby County retail construction in the third quarter 1998 remained fairly even with the same period in 1997, according to building permits filed wit...
52. Archived Article: Fazoli's Lj
- Thursday, May 21, 1998
By LAURIE JOHNSON Fazolis to open second Memphis restaurant By LAURIE JOHNSON The Daily News The owners of the Memphis Fazolis franchise have started construction on a second restaurant in the area at 3587 Riverdale Road in East Memphis. The new sto...
53. Archived Article: Eyemasters Lj
- Wednesday, March 25, 1998
By LAURIE JOHNSON EyeMasters to open third Memphis store at Cross Creek By LAURIE JOHNSON The Daily News EyeMasters plans to open its third Memphis vision care center this summer at 3525 Riverdale Road in the Cross Creek Shopping Center. The 3,800-s...
54. Archived Article: The Lightman
- Monday, March 09, 1998
Michael Lightman buys additional 30 acres on Winchester Lightman buys additional 30 acres on Winchester Development plans include hotel, office and restaurants for the new property By CAMILLE H. GAMBLE The Daily News Michael A. Lightman has purchase...
55. Archived Article: Retail Chg
- Friday, March 21, 1997
By CAMILLE H Retail trends are more big-box stores, less spec space By CAMILLE H. GAMBLE The Daily News Although Memphis has more retail space per capita than the national average, developers say the market is not overbuilt because of the types of s...
56. Archived Article: Retail Chg
- Friday, January 24, 1997
Retail construction up Retail construction starts hit high for decade in í96 By CAMILLE H. GAMBLE The Daily News The value of new retail construction in Shelby County was up 40 percent in 1996, with 71 permits totaling more than $63.8 million...
57. Archived Article: Malco
- Thursday, November 21, 1996
lj 10/5 cates Construction begins on Malcos largest theater to date By LAURIE JOHNSON The Daily News Construction has begun on Malco Theatres Inc.s largest movie house to date an 11-screen theater located on Winchester Road in East Shelby Countys ra...
58. Archived Article: Retail Chg
- Monday, October 21, 1996
New retail construction New retail construction up from third quarter í95 By CAMILLE H. GAMBLE The Daily News New retail construction was up during the third quarter with more than $13 million in permits filed, compared to third quarter 1995 ...
59. Archived Article: Retail Online
- Wednesday, July 03, 1996
7/3 jts retail construction Retail market construction up again in second quarter By JAMES SNYDER The Daily News Retail construction during the second quarter of 1996 was up way up compared to the previous quarter and the same period in 1995, accord...
60. Archived Article: Retail
- Thursday, April 25, 1996
4-25 chg retail Retail construction up for first quarter By CAMILLE H. GAMBLE The Daily News Retail construction in Shelby County for the first quarter was up from the year-earlier period, according to building permits filed with the county building...
61. Archived Article: Lightman Dev
- Wednesday, March 06, 1996
CHG 03-07 Lightman dev. Lightman begins development at Nonconnah, Riverdale Road By CAMILLE H. GAMBLE The Daily News Michael Lightman Realty Co. will break ground this week on a $30 million retail center at Riverdale and Nonconnah Parkway, one of se...
62. Archived Article: Real Analys
- Tuesday, January 02, 1996
1/2 real analysis Memphis retail, lodging outlook rosy for 96 Prospects for the local real estate market remain pretty much bullish on all fronts as we head into the new year, according to those who ought to know. Belz senior vice president Andrew G...
63. Archived Article: Power Shop Lj
- Friday, December 15, 1995
lj 10/5 cates Power shopping: not just a joke Shopping centers make power play bigger stores pack a punch By LAURIE JOHNSON The Daily News In todays society, power is the word. Those in the business community are familiar with the terms power breakf...