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Editorial Results (free)

1. 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.

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. CCDC Passes Two Downtown Projects -

Two Downtown Memphis projects were propelled Wednesday, Sept. 19, by the Center City Development Corp. while the board was briefed on several of the area’s businesses that are in flux.

4. G&I Sells 2 Multifamily Sites For Combined $55.8 Million -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $32 million

Sale Date: June 20, 2012

5. Bailey Creek Apts. Sells for $23.8M -

The 232-unit Bailey Creek Apartments in Collierville has sold for $23.8 million to New York-based private real estate investment firm Somerset Partners LLC, marking Somerset’s fourth Memphis-area purchase.

6. Dogwood Creek Apts. Sell for $26 Million -

Dogwood Creek, a 278-unit apartment community constructed in 1997 in Collierville, sold to New York-based Somerset Partners LLC on Wednesday, Feb. 29, for $26 million, or $93,525 per unit.

7. New York CompanyBuys Southaven Apartments -      New York-based Somerset Partners LLC has bought a 384-unit multifamily community in Southaven for an undisclosed amount.
     The company bought Civic Center Apartments Phase II from Patton

8. Archived Article -

Four parcels
in Memphis
Cost: $8.3 million

Buyer: Maruti Somerset Park LLC

Seller: Tarragon Lake Point Partnership