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Editorial Results (free)

1. Midtown Medical Office Building Sells for $2.6 Million -

A partnership of two Utah-based companies has acquired a medical office building on Union Avenue near Overton Square.

Trivalis LLC and Novalis LLC, both based in Utah, acquired the medical office building built in 1967 at 2076 Union Ave., next door to the IHOP restaurant, for $2.6 million. The property, at the corner of Union Avenue and Florence Street, was appraised at $1.3 million in 2013, according to the Shelby County Assessor of Property’s office. The sellers, Missouri-based Roundabout Real Estate LLC and Visual Projects LLC, acquired the property in 2008 for $2 million.

2. Union Ave. Medical Office Financed for $1.8 Million -

Roundabout Real Estate LLC and Visual Projects LLC, both based in Missouri, have filed a $1.8 million loan through Renasant Bank secured by a nearly 16,000-square-foot medical office building at 2076 Union Ave.

3. Calif.-Based EMJ Files Permit For Arlington Distribution Center -

3167 Cypress Ridge Drive
Arlington, TN 38002
Permit Amount: $7 Million

Project Cost: $7 million
Permit Date: Applied May 2010
Completion: October 2010
Owner: Earle M. Jorgensen Co.
Tenant: Earle M. Jorgensen Co.
Contractor: TBD
Architect: TBD

4. Archived Article - 2076 Union Ave.
Memphis, TN 38104
Sale Amount: $2 million
Sale Date: March 5, 2008
Buyer: Roundabout Real Estate LLC (2/3 interest); Visual Projects LLC (1/3 interest)
Seller: Lawrence Migliara
Loan Amount: $1.7 million
Loan Date: March 5, 2008
Maturity Date: N/A
Lender: Paragon National Bank
Details: A nearly 16,000-square-foot, two-story office building in Midtown currently leased to dialysis provider DaVita Inc. sold to two tenants-in-common investment entities. Roundabout Real Estate LLC, with a two-thirds interest, and Visual Projects LLC, with a one-third interest, bought the property from Memphian Lawrence Migliara. The office building was built in 1967; it sits on .84 acres at the northwest corner of Union Avenue and Florence Street. The Shelby County Assessor’s 2007 appraisal was $1 million.

3695-3723 Riverdale Road
Memphis, TN 38115
Sale Amount: $1.8 million
Sale Date: Feb. 29, 2008
Buyer: Germantown Plaza LLC
Seller: Germantown Plaza GP
Details: A 14,400-square-foot shopping center at 3695-3723 Riverdale Road in Memphis has sold to a Florida limited liability company. Germantown Plaza LLC, which lists an address in Oldsmar, Fla., bought the property from Memphis-based Germantown Plaza GP. Built in 1984, the neighborhood shopping center sits on 1.6 acres on the west side of Riverdale Road south of Winchester Road. The Shelby County Assessor’s 2007 appraisal was $929,500. In conjunction with the purchase, Germantown Plaza LLC on March 4 assumed a $1.26 million loan owned by Wells Fargo Bank NA as trustee. Germantown Plaza GP originally received the $1.35 million loan through Column Financial Inc. in June 2003.

3586 Riverdale Road
Memphis, TN 38115
Sale Amount: $1.4 million
Sale Date: March 4, 2008
Buyer: Cole SB Memphis TN LLC
Seller: Main & Main Development LLC
Details: Cole SB Memphis TN LLC, an entity affiliated with Camelback, Ariz.-based Cole Cos., has bought the Starbucks coffee shop at 3586 Riverdale Road in Southeast Memphis for $1.4 million. The recently completed, 1,853-square-foot coffee shop sits on the east side of Riverdale north of Winchester Road on an outparcel of the Riverdale Square shopping center. Main & Main bought the lot in July for $350,000. In conjunction with the most recent sale, Main & Main assigned its rights as landlord to Cole. The property is leased to Starbucks Corp., with the lease beginning Jan. 25 and running through 2018.


Source: The Daily News Online (www.memphisdailynews.com) and Chandler Reports (www.chandlerreports.com).­

...

5. Union Ave. Office BuildingSells for $2 Million -      A nearly 16,000-square-foot, two-story office building at 2076 Union Ave. leased to dialysis provider DaVita Inc. has sold for $2 million to two tenants-in-common investment entities.
     Ro

6. Outdoors Inc. Helps Enthusiasts Tame the Great Outdoors -

Whether it's canoeing on the Mississippi River or cycling through Shelby Farms, one of the most well-known places to launch your off-road activity is Outdoors Inc., which has been equipping and educating adventurers in Memphis for more than 30 years.

7. Outdoors Inc. Co-Owner Buys $1.1 Million Union Avenue Office Building -

2076 Union Avenue
Memphis, TN 38104
Sale Amount: $1.1 million

Sale Date: May 15, 2006

Buyer: Lawrence Migliara Jr.

8. Archived Article: Calendar - June 23 June 23 The League of Women Voters will meet at 7 p.m. at the Poplar-White Station Library, 5094 Poplar Ave. Current administrators of the local Headstart program will discuss plans for expanding the program. Panelists include Joyce Carter, ...