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Editorial Results (free)

1. Changing Landscape -

A “high-end” grocery store chain not currently serving the Memphis market has leased the shuttered former Kroger store at 9050 U.S. 64 in Lakeland and should open in the spring, according to a Lakeland official.

2. Kroger Expanding Germantown Store -

Kroger Delta Division is temporarily closing its store at 7735 Farmington Road in Germantown next month to renovate and expand it, continuing the company’s comprehensive reshaping of its Memphis footprint.

3. Brogdon Joins Race for Germantown Mayor -

With about a week left to the filing deadline for candidates, Germantown has a race for mayor.

George Brogdon, the recently retired director of community services for the city of Germantown, filed his petition Monday, Aug. 11, in the Nov. 4 election to succeed Sharon Goldsworthy as mayor of Germantown.

4. Kroger Expanding Germantown Store -

Kroger Delta Division is temporarily closing its store at 7735 Farmington Road in Germantown next month to renovate and expand it.

5. Kroger to Close Germantown Location Temporarily -

Kroger Delta Division is temporarily closing its store at 7735 Farmington Road in Germantown next month to renovate and expand it, continuing the company's comprehensive reshaping of its Memphis footprint.

6. Exeter Buys West Memphis Warehouse for $15.6 Million -

Pennsylvania-based Exeter Property Group has snatched up the Smucker’s distribution warehouse in West Memphis for $15.6 million.

The 600,000-square-foot facility was a foreclosed property from Bank of America, which was selling it with a year-end anticipated closing, said Matt Brodnik, Exeter’s director of capital markets.

7. Changing Market -

Much of 2012’s commercial real estate deals could be summed up in one of three phrases: speculative construction, institutional buyers and unusual transactions.

The first quarter was kicked off when Industrial Developments International Inc. revealed plans to add one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.

8. Firms Make Investments in Memphis Distribution -

In the past month, a pair of out-of-town firms have scooped up local distribution warehouses, growing its Memphis industrial real estate portfolio and planning for more.

Montreal-based Olymbec USA LLC recently closed on its $1.5 million purchase of 3615 Lamar Ave. from an entity affiliated with Miami-based loan servicer LNR Partners LLC.

9. Farrisview Freight Terminal Sells for $1.7 Million -

2727 Farrisview Blvd.
Memphis, TN 38118

Sale Amount: $1.7 million

Sale Date: April 27, 2012

10. Finard Finances Germantown Plaza -

Finard Germantown LLC, an affiliate of Burlington, Mass.-based Finard Properties LLC, has financed Germantown Plaza shopping center for $8.7 million through BankTennessee.

11. Grill Brings Taste Of Tokyo to Memphis -

The owner of Tokyo Grill, a new eatery in the heart of East Memphis, is on a mission to serve up tasty Japanese fare to hungry Memphians fast and at an affordable price.

Aaron Liu claims his establishment is the Bluff City’s first Japanese take-out restaurant.

12. Blackstone-Affiliated LLCs Buy Warehouses for $22M -

4460 E. Holmes Road
Memphis, TN 38118
Sale Amount: $12.1 million

Sale Date: Dec. 8, 2010
Buyer: BRE/EX TN Properties LLC
Seller: Exeter 4460 Holmes LLC
Loan Amount: $18.4 million
Loan Date: Dec. 10, 2010
Maturity Date: n/a