Editorial Results (free)
1. Conn’s Acquires Site for Third Memphis-Area Location
- Friday, May 29, 2015
A Texas-based retailer has acquired a fully leased shopping center in Southaven and will build a new store on an outparcel of the existing retail center.
Conn’s Appliances Inc. acquired the Stateline Square Shopping Center at 550 Stateline Road in Southaven for $5 million from Brixmor Commercial Real Estate, which was doing business as NPK Southaven LLC.
2. Stein World Finds New Home
- Friday, May 22, 2015
Stein World has found a new home. The furniture distributor, which played a pivotal role in Cummins Inc.’s decision to expand locally, has inked a lease for 330,870 square feet at 5321 Shelby Drive.
3. Men’s Salon Opening in Germantown
- Friday, May 15, 2015
Germantown is getting an upscale styling salon and grooming service made just for men.
Owners Dara Vongphrachanh and Donald R. Johnson II are opening Baron’s Man Cave in 2,250 square feet in suite 102 at the Poplar Collection, located at 9289 Poplar Ave. in Germantown.
4. Shops at Kirby Gate Sells for $3.4 Million
- Friday, May 08, 2015
A California-based investor has purchased the Shops at Kirby Gate in East Memphis for $3.4 million.
An affiliate of Los Angeles-based Westwood Financial Corp. acquired the shopping center at the northwest corner of Quince Road and Kirby Parkway from Shops at Kirby Gate LLC, according to public records.
5. Germantown Parkway Parcels Sell for $3.4 Million
- Tuesday, May 05, 2015
789 and 725 N. Germantown Parkway
Memphis, TN 38018
Sale Amount: $3.4 million
6. Investors Buy Midtown Retail Buildings for $3.4 Million
- Friday, May 01, 2015
California investors have purchased two retail buildings totaling 60,000 square feet in Midtown for $3.4 million.
The retail buildings, formerly owned by Atlanta-based Home Depot, are located at 1635 and 1625 Poplar Ave., adjacent to the Home Depot store at Poplar and Angelus Street. Home Depot is maintaining its store at the shopping center at Poplar and North Avalon St., which the Atlanta-based home improvement store bought several years ago.
7. Mixed-Use Project Looms for Former Lakeland Mall
- Friday, October 31, 2014
Get used to the name Lake District. You’ll probably be hearing more about it in the near future. Lake District is the new name for the revamped project being planned at the old Lakeland Factory Outlet Mall site.
8. Gestalt Schools Signs Lease in Hickory Hill
- Friday, June 20, 2014
A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.
Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.
9. Conn’s Plans Home Store in Memphis
- Friday, April 25, 2014
Texas-based retailer Conn’s will be opening a store in Southeast Memphis, one of possibly three stores the home appliances and furnishings chain plans to open in Tennessee.
The retailer will open a Conn’s HomePlus in May in 42,296 square feet at the Cross Creek Shopping Center at Riverdale and Tenn. 385 that Babies “R” Us vacated.
10. Pahlow Wins Broker of the Year
- Monday, April 07, 2014
After enduring early struggles in his commercial real estate career, Scott Pahlow has reached the top of his industry.
Pahlow, an executive vice president with Newmark Grubb Memphis, was named Commercial Broker of the Year Thursday night at the Memphis Area Association of Realtors Commercial Council’s 13th annual Pinnacle Awards gala.
11. Shelby County CRE Sales Up 14 Percent in February
- Friday, March 14, 2014
Shelby County recorded 49 commercial real estate sales in February, according to real estate information company Chandler Reports, www.chandlerreports.com.
12. Butler Sevier Law Firm Expands Downtown
- Friday, February 21, 2014
Butler, Sevier, Hinsley & Reid PLLC law firm has expanded its presence at 88 Union Ave.
13. KBM Group Growing at Clark Tower
- Friday, January 17, 2014
A digital marketing agency is expanding at Clark Tower in East Memphis.
KBM Group, which is part of Wunderman/WPP, one of the world’s largest marketers, is expanding at Clark Tower less than a year after moving into the East Memphis office building, 5100 Poplar Ave.
14. Midtown Medical Office Building Sells for $2.6 Million
- Friday, January 10, 2014
A partnership of two Utah-based companies has acquired a medical office building on Union Avenue near Overton Square.
Trivalis LLC and Novalis LLC, both based in Utah, acquired the medical office building built in 1967 at 2076 Union Ave., next door to the IHOP restaurant, for $2.6 million. The property, at the corner of Union Avenue and Florence Street, was appraised at $1.3 million in 2013, according to the Shelby County Assessor of Property’s office. The sellers, Missouri-based Roundabout Real Estate LLC and Visual Projects LLC, acquired the property in 2008 for $2 million.
15. Wright Signs Lease for East Memphis Headquarters
- Friday, January 03, 2014
After months of planning, Wright Medical Group Inc. has signed the lease for its new headquarters and is in the process of moving to the wooded office campus at Park Avenue and Cherry Road in East Memphis.
16. Orangetheory Fitness Signs New Lease In Stonecreek
- Friday, December 27, 2013
Orangetheory Fitness has signed a lease at Stonecreek Centre at Poplar Avenue and Forest Hill-Irene Road in Germantown.
Orangetheory Fitness will occupy 3,167 square feet at the location. Orangetheory Fitness is a workout method that is broken into intervals of cardiovascular and strength training while using heart rate monitors to keep heart rates in a targeted zone to stimulate metabolism and increases energy.
17. Shopping Center Group Moving to New Office
- Friday, December 20, 2013
The Shopping Center Group LLC is moving to a new office.
The Memphis office of the Atlanta-based retail real estate brokerage firm, which leases a total of approximately 4 million square feet of retail space and represents 100 retailers, is moving from 773 E. Brookhaven Circle to 5101 Wheelis Drive, Suite 106, at Clark Centre.
18. East Memphis Retail Center Sees Positive Lease Activity
- Friday, October 25, 2013
The Shops at Chickasaw Gardens, on Polar Avenue near the Benjamin L. Hooks Central Library, has seen good leasing activity recently.
Shark’s Fish and Chicken, an Arkansas-based restaurant chain, signed a lease for 2,330 square feet at 3183 Poplar Ave., taking the former Back Yard Burgers space. David’s Frames & Art renewed its lease for 3,080 square feet at 3151 Poplar Ave. Create A Cig, an electronic cigarette shop, will open soon at 3175 Poplar Ave.
19. Baptist Begins Construction on $14.1 Million Pediatric ER
- Friday, September 27, 2013
Baptist Memorial Health Care Corp. began construction this week on a new pediatric emergency department at Baptist Memorial Hospital for Women.
20. Victory Packaging Relocates to Memphis
- Friday, January 18, 2013
Victory Packaging soon will relocate its entire Southaven branch operation to the Southeast Memphis industrial submarket.
The Houston, Texas-based industrial packaging supplier and distributor inked 158,333 square feet in Shelby Air Park Building 1, 4500 Malone Road. The 475,000-square-foot building also houses Terminal Warehouse Inc.
21. Highpoint Church Buys Briarcrest’s East Memphis Campus
- Friday, November 09, 2012
After seven years of leasing space for its worship services, Highpoint Church has acquired Briarcrest Christian School Systems Inc.’s property at 6000 Briarcrest Ave. for $7.25 million.
22. Lease Takes Appling Farms to Capacity
- Friday, September 28, 2012
A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.
23. Millstone Medical Expands Local Operations
- Friday, August 31, 2012
Fall River, Mass.-based Millstone Medical Outsourcing LLC is relocating its Memphis operations to a larger Olive Branch facility to broaden services and capacity.
24. Dot-Com Moves Distribution To Memphis
- Friday, August 10, 2012
Wilsonville, Ore.-based LinenTablecloth.com has entered the Memphis industrial market, leasing 82,500 square feet at 3046 Datsun Drive for its new distribution center.
25. Airport-Area Warehouse Sells for $2.3 Million
- Wednesday, August 08, 2012
A Class B warehouse in Airport Industrial Park has sold for $2.3 million, more than four times its price at a foreclosure sale two years ago. Northbrook, Ill.-based BCL-Memphis LLC bought the warehouse at 4049 E. Raines Road from Memphis-based Progression Realty, which paid $501,500 for it in August 2010.
26. New Owner For Bartlett Car Wash Property
- Friday, May 04, 2012
A former car wash site in Bartlett has traded hands. Nyan Jaf acquired the 0.71-acre lot at 5960 Summer Ave. from Mr. Carwash LLC for $65,000.
27. Crye-Leike Sells Properties, Land At Feb. Auction
- Friday, March 30, 2012
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.
28. Monroe Ave. Bldg. Sells For $3.3M
- Friday, March 23, 2012
A fully leased Downtown office building has traded hands for more than twice its assessed value.
309 Monroe Property LLC purchased the 22,792-square-foot property at 309 Monroe Ave. for $3.3 million. The Shelby County Assessor of Property’s 2011 appraisal was $1.5 million.
29. ‘Washington Courtyard’ Sells For $900K
- Friday, February 24, 2012
A trio of office buildings at Washington Avenue and Danny Thomas Boulevard has traded hands for $900,000.
Investment group 301 WA LTD LLC of Arizona purchased the assets from Gregory Realty GP. Brian Califf of NAI Saig Co. represented the seller.
30. 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.
31. National College Files $5.2M Permit For Thousand Oaks Spot
- Tuesday, November 08, 2011
Plans are under way for a private college’s third brick-and-mortar location in Memphis.
National College/Corolla Management has filed a $5.2 million building permit with the city-county Department of Construction Code Enforcement for construction of a two-story college building for business medical and computer training at 2576 Thousand Oaks Cove, according to The Daily News Online, www.memphisdailynews.com.
32. National College Files $5.2M Permit for Thousand Oaks Spot
- Monday, November 07, 2011
Plans are under way for a private college’s third brick-and-mortar location in Memphis.
National College/Corolla Management has filed a $5.2 million building permit application with the city-county Department of Construction Code Enforcement for construction of a two-story college building for business medical and computer training at 2576 Thousand Oaks Cove, according to The Daily News Online, www.memphisdailynews.com.
33. 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.
34. LensRentals.com Moves Into Trinity Ridge
- Friday, July 22, 2011
A local camera- and lens-rental company is expanding into a significant amount of space in the already tight Northeast submarket.
LensRentals.com has signed a 16,800-square-foot lease in Cordova’s Trinity Ridge Business Center, 7730 A Trinity Road, suite 110.
35. Hacks Cross Center Sells For $1 Million
- Friday, June 17, 2011
A shopping center in the Southeast submarket has traded hands. AAK Ventures LLC acquired the 10,500-square-foot Players Crossing Retail Center, 3285 Hacks Cross Road, from BancorpSouth for $1 million.
36. 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.
37. Ambulance Co. Signs New Lease, Ups Space
- Friday, May 20, 2011
A Nashville-based health care company is expanding its Memphis presence. First Call Ambulance Services LLC has signed a three-year, 13,500-square-foot lease at 5155 Wilfong Road, more than doubling its existing space on Federal Avenue.
38. Popular Burger Chain Moves Into Memphis
- Friday, March 11, 2011
After years of Five Guys Burgers and Fries having a presence in the Nashville and Knoxville areas, the chain is setting up shop in one of Memphis’ most densely populated areas.
Jubilee Restaurant Group LLC, owner of the franchise, signed a 2,882-square-foot lease in Primacy Place, 1615 Ridgeway Road.
39. Family Dollar Signs 2 Leases for Stores
- Friday, February 11, 2011
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.
40. Skyline Grows Local Footprint on Vantech Dr.
- Friday, December 10, 2010
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.
41. Better Prospects
- Tuesday, January 26, 2010
Real estate investor John Bogdasarian might be from Ann Arbor, Mich., but it didn’t take him long to discover that the intersection of American Way and South Perkins Road was once infamous for its proximity to the old Mall of Memphis.