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Editorial Results (free)

1. Parktown Place Condos Sold Back to BankPlus -

Ridgeland, Miss.-based BankPlus has bought back the Parktown Place Condominiums in Midtown following a foreclosure of the eight-unit multifamily complex and its owner, Dogwood Properties of Memphis.

2. CK’s Moves Into Jackson as Part of Expansion -

A longtime Memphis diner chain is expanding its presence into the Jackson, Tenn., market.

CK’s Coffee Shop has signed a five-year lease for 1,390 square feet of the existing 4,900-square-foot Old Medina Market Gas Station at 2800 Old Medina Road.

3. Midtown Apts. Sell for $1M -

Samuel Adefeyisan has purchased the Ashley Manor Apartments – two separate buildings totaling 16 one-bedroom condo units in Midtown – from John P. Waddell and Nancy S. Waddell for $1 million.

4. Drexel Buys Presidents Is. Warehouse -

A longtime Memphis-based agricultural chemical provider has snatched up a warehouse on Presidents Island, where it already has a strong presence.

Drexel Chemical Co. purchased the 137,526-square-foot former manufacturing and distribution facility on 12 acres at 2070 and 2071 Channel Ave. on Presidents Island from HPD Properties LLC for $810,000, or $5.89 per square foot.

5. Dollar General Coming To James Road in Raleigh -

3609 James Road
Memphis, TN 38128
Permit Amount: $497,000

Project Cost: $497,000
Permit Date: Applied September 2009
Completion: TBA
Owner: SW Properties LLC
Tenant: Dollar General Corp.
Contractor: SW Properties LLC
Architect: N/A

6. Waddells Buy Ashley Manor Condominiums -

John and Nancy Waddell have bought the two-building, 16-unit Ashley Manor condominiums at 129 and 137 N. Belvedere St. in Midtown for $1.6 million from Chamberlain, McCreery and Rice GP. The sale closed Sept. 4.

7. Modular Energy Plant To Be Installed at Le Bonheur -

905 Poplar Ave.
Memphis, TN 38105
Permit Amount: $13.6 Million

Project Cost: $327 million
Permit Date: Applied April 2009
Completion: 2011
Owner: Methodist Le Bonheur Healthcare
Tenant: Methodist Le Bonheur Healthcare
Contractor: Skanska USA
Architect: FKP Architects

8. Owner Files $1M Loan For Parktown Place -

Dogwood Properties, the owner of the eight-unit multifamily complex in Midtown called Parktown Place, has refinanced the property with a $1 million loan through BankPlus. The company’s principal is Jon McCreery, who said this transaction was a move from a construction loan to a longer-term, permanent loan on the property. The loan was dated March 30 with a maturity date of March 30, 2014.

9. Apartment Conversion, New Condo Construction Planned for North Belvedere -

Ashley Manor Condo Conversion at
129 and 137 N. Belvedere Blvd.
Sale Amount: $695,000

Sale Date: May 31, 2007