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1. Exeter Buys West Memphis Warehouse for $15.6 Million
- Friday, January 04, 2013
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.
2. Changing Market
- Wednesday, January 02, 2013
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.
3. Firms Make Investments in Memphis Distribution
- Tuesday, July 10, 2012
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.
4. Farrisview Freight Terminal Sells for $1.7 Million
- Tuesday, May 15, 2012
2727 Farrisview Blvd.
Memphis, TN 38118
Sale Amount: $1.7 million
Sale Date: April 27, 2012
5. Finard Finances Germantown Plaza
- Tuesday, May 08, 2012
Finard Germantown LLC, an affiliate of Burlington, Mass.-based Finard Properties LLC, has financed Germantown Plaza shopping center for $8.7 million through BankTennessee.
6. Grill Brings Taste Of Tokyo to Memphis
- Thursday, March 24, 2011
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.
7. Blackstone-Affiliated LLCs Buy Warehouses for $22M
- Tuesday, December 21, 2010
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