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Editorial Results (free)

1. ‘Significant Headwinds’ -

When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.

2. Tile Shop Inks Lease for First Area Store -

A specialty retailer of high-quality tile will open its first location in Memphis later this year.

The Tile Shop is in the final stages of negotiating a roughly 20,000-square-foot lease at 1245 Germantown Parkway, between Cordova Road and Autumn Creek Drive, in the Germantown Square Shopping Center in Cordova, according to company representative Lindsey Rose.

3. Events -

L’Ecole Culinaire will hold a food drive for the Mid-South Food Bank now through Dec. 6 at the school, 1245 Germantown Parkway. Nonperishable and canned goods will be accepted. Visit midsouthfoodbank.org.

4. Keystone Landing Complex Sells for $4.6 Million -

4266 Ridgestone Road
Memphis, TN 38128
Sale Amount: $4.6 million

Sale Date: Sept. 12, 2013
Buyer: Keystone Landing Apartments LLC
Seller: Ridgemont Investors LLC
Loan Amount: $3.5 million
Loan Date: Sept. 12, 2013
Maturity Date: N/A
Lender: Arbor Commercial Funding LLC
Details: The 150-unit Keystone Landing apartment complex at 4266 Ridgestone Road in Raleigh has sold for $4.6 million.

5. Cypress Realty Sells Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has sold the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova for $2 million.

6. Events -

The Church Health Center/MIFA Farmers Market will be open Tuesday, July 24, from 10 a.m. to 2 p.m. at Church Health Center Wellness, 1115 Union Ave. Visit churchhealthcenter.org.

7. Events -

Tennessee PTA will conduct summer leadership training as part of its 2012 Tour de Tennessee Monday, July 23, from 8:30 a.m. to 2:30 p.m. at Southwind High School, 7900 E. Shelby Drive. Anyone interested in increasing parental involvement in school is invited. Cost is $5. Visit tnpta.org.

8. L’École Culinaire Hosts Open House -

L’École Culinaire, 1245 Germantown Parkway, will host an open house for the community and for potential students on Friday, July 20, from 4 p.m. to 7 p.m. The Hawaiian Luau-themed event is open to the public and will feature hands-on demonstrations and lessons on preparing Hawaiian-themed dishes.

9. Events -

In-Synk will host a business book review Friday, May 4, from 8 a.m. to 9 a.m. in the Triumph Bank board room, 5699 Poplar Ave. The book is “What Got You There Won’t Get You There” by Marshall Goldsmith. Visit in-synk.com for details.

10. Cordova Hastings Store to Close -

Entertainment retailer Hastings Entertainment has operated a store in Cordova for the last four years.

But the location at 1245 Germantown Parkway, where the chain has operated in a 25,000-square-foot space since 2007, has long been unable to hit the company’s earnings target. That’s according to Hastings chief financial officer Dan Crow, who cited that and the fact “we just didn’t have sufficient volume” at the location as reason the company is closing it in early December.

11. Hastings Entertainment to Close in Cordova -

Another large commercial real estate space is coming on the market.

Entertainment retailer Hastings Entertainment is closing a 25,000-square-foot store in Cordova at 1245 Germantown Parkway. That’s just north of the 68,000-square-foot former Schnucks.

12. Cordova Hastings Store to Close -

Another large commercial real estate space is coming on the market in Cordova.

Entertainment retailer Hastings Entertainment is closing its approximately 25,000-square-foot store in Cordova at 1245 Germantown Parkway. That’s just north of the 68,000-square-foot space at 1150 Germantown Parkway that was most recently a Schnucks grocery store.

13. Events -

The Memphis Central Rotary Club will meet Friday from noon to 1 p.m. at Chickasaw Country Club, 3395 Galloway Ave. Jackson Baker, political columnist for The Memphis Flyer, will speak. Cost is $25 for guests. For reservations, call Karen Shea at 683-9099.

14. Events -

The Greater Memphis Chamber will hold a breakfast forum Thursday from 7:30 a.m. to 9 a.m. at The Peabody Hotel, 149 Union Ave. Gregg Morton, president of AT&T Tennessee, will speak. Cost is $25 for members and $35 for nonmembers. To register, call 543-3518 or e-mail emilford@memphischamber.com.

15. Events -

The Dixon Gallery and Gardens will host Brewer’s Feast today at 6 p.m. at the Dixon, 4339 Park Ave. Five all-grain ales will be paired with gourmet food. Reservations are required. Cost is $50 for members and $60 for nonmembers. For more information, call 761-5250.

16. Chicago Firm Buys Another Memphis Warehouse -

4219 Air Trans Road
Memphis, TN 38118
Sale Amount: $8.4 Million

Sale Date: Nov. 5, 2008
Buyer: Memphis Air Trans LP
Seller: TC Air-T Industrial LLC
Loan Amount: $6.7 million
Loan Date: Nov. 5, 2008
Maturity Date: N/A
Lender: Union Bank of California NA

17. Cypress Realty Buys Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has paid $1.4 million for the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova. The building sits on a 1.68-acre outparcel of the former Kmart at 1245 N. Germantown Parkway. That center was redeveloped into an America’s Incredible Pizza Co. and other stores by NPK Cordova LLC, which sold the ground lease to Cypress Realty Holdings.

18. Hastings EntertainmentTo Open in Cordova -      Amarillo, Texas-based Hastings Entertainment Inc. will open one of its newest stores, a 27,000-square-foot superstore, Nov. 19 in Cordova.
     That store, at 1245 N. Germantown Parkway, will

19. Abandoned Kmart to Find New Lease on Life -

The Cordova-area retail space formerly home to Kmart is being remodeled to make way for bowling lanes, a mini-golf course, go-kart track, video games, a pizza buffet and more.

The company behind the renovation of that vacant space at 1245 Germantown Parkway is Tulsa, Okla.-based America's Incredible Pizza Co., a company whose properties are veritable palaces of dining and entertainment options.

20. Centro Finalizes LeasesFor Former Kmart Site -      The New York-based real estate company Centro has finalized leases for the Germantown Square shopping center, at 1245 Germantown Parkway in Cordova.
     Incredible Pizza Co., Hastings Entert

21. Former Kmarts, Cordova Shopping Center Have New Options With New Plan -

When New Plan Excel Realty Trust Inc. and Sears Holdings Corp. set up a joint development venture in 2005, the venture's first deal involved transforming three former Kmart stores in Memphis.

Sears had closed the stores in 2005, citing their under-performance. Since then, Sears' partner in its development venture - a New York real estate investment trust (REIT) with assets of about $3.5 billion - has more than lived up to its name.

22. Wolfchase Neighbor Up for Grabs? Shopping Center across from mall scoped by NY real estate trust -

Judging by the interest of a New York-based real estate investment trust, ownership of one of the most expensive pieces of property in Shelby County soon could be changing hands.

New Plan Excel Realty Trust is in the early stages of acquiring The Commons, a 33-acre shopping center across from Wolfchase Galleria that includes such tenants as Old Navy, Home Depot and Toys 'R' Us.

23. Amid Congestion and Over-Building, Cordova Struggles to Reinvent Itself -

It's common to refer to the object of someone's affection as "the apple of my eye," so one thing a group of civic and business leaders wants to do for Cordova is brand the Memphis suburb with a similar phrase.

24. Area Retail Market Sees Momentary Slowdown -

Not since the first quarter of 2004 has the Memphis retail real estate market shown such unimpressive numbers - vacancies are up while lease rates, construction and quarterly absorption are down from last year.

25. Archived Article -

1245 Germantown Parkway
Cordova, TN 38016
Cost: $8 million

Buyer: NPK Cordova LLC

Seller: Kmart Corp.

26. Former Kmarts to Be Converted to Retail Centers -

7060 Winchester Road
Memphis, TN 38125
Cost: $8 million

Buyer: NPK Winchester LLC

Seller: Kmart Corp.

27. Former Kmart StoresSell for $16 Million - NPK Cordova LLC and NPK Winchester LLC have purchased two former Kmart stores from Kmart Corp. for $8 million each. The Cordova property includes a 150,368-square-foot building on 18.89 acres at 1245 Germantown Parkway. The Winchester property includ

28. Archived Article: Real Briefs - A joint meeting of the Memphis Area Association of Realtors and the Memphis Area Home Builders Association begins at 5:45 p A joint meeting of the Memphis Area Association of Realtors and the Memphis Area Home Builders Association begins at 5:45 p.m...