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Editorial Results (free)

1. 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.

2. CBRE Brokers Sale of 2 Apt. Complexes -

CB Richard Ellis Memphis closed two multifamily properties in early January – Oakshire and Summer Trace Apartments.

Tommy Bronson III and Blake Pera with CBRE Memphis’ multifamily division represented LILO LLC in the sale of Oakshire to Memphis Bell LLC.

3. City Files $12M Permit Application For Mitsubishi Plant Infrastructure -

2865 Riverport Road
Memphis, TN 38109

Permit Cost: $12.1 million

Permit Date: Applied January 2012

4. Oakshire Apartments Sells for $2.3 Million -

Laredo, Texas-based Memphis Bell LLC has bought the 299-unit Oakshire Apartments just north of the Tennessee-Mississippi state line from LILO LLC for $2.3 million, financing it with two trust deeds – $1.4 million through The Rama Fund LLC and $690,000 through the seller. The purchase includes an adjacent single-family residence.