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Editorial Results (free)

1. Mt. Moriah Hotel Sells for $1.3 Million -

The 196-room Governors Inn & Suites at 2490 Mt. Moriah Road in Hickory Hill North has sold for $1.3 million to GHG Properties LLC and Jianping Zhu.

2. Lease Takes Appling Farms to Capacity -

A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.

3. FDIC Signs Lease In Lakecrest -

Federal Deposit Insurance Corp. has inked a substantial lease in Lakecrest III, marking the market’s largest office lease signing this year.

4. 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.

5. $5.3M Permit Application Filed for Soulsville Charter School -

1115 College St.
Memphis, TN 38106
Permit Amount: $5.3 million

Project Cost: $5.3 million for phase one
Permit Date: Applied September 2010
Completion: July 2011
Owner: Soulsville Foundation
Tenant: Soulsville Charter School
Contractor: Looney Ricks Kiss
Architect: Flintco Inc.

6. Mt. Moriah Plaza Sells for $1.4M in Foreclosure -

The Mt. Moriah Plaza hotel at 2490 Mt. Moriah Road has been sold for $1.4 million at a foreclosure sale. The buyer was S.A. Challenger Inc., which was also the most recent holder of the mortgage note.