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Editorial Results (free)

1. Indmar Marine Engines Files Expansion Permit -

5400 Old Millington Road
Unincorporated Shelby County
Permit Cost: $2 million

2. Germantown Plaza Sells for $925,000 -

The 14,400-square-foot Germantown Plaza strip retail center at 3695 Riverdale Road in Hickory Hill has sold for the second time in about five months.

3. Life Church Buys Victory Campus for $4.4 Million -

255 N. Highland St.
Memphis, TN 38111
Sale Amount: $4.4 million

Sale Date: May 2, 2014
Buyer: The Life Church of Memphis Inc.
Seller: SignificantPsychology LLC
Loan Amount: $3.8 million
Loan Date: May 2, 2014
Maturity Date: May 5, 2019
Lender: Triumph Bank
Details: The Life Church of Memphis has paid $4.4 million for the former Victory University campus at 255 N. Highland St.

4. Germantown Plaza Sells Following Foreclosure -

The 14,400-square-foot Germantown Plaza strip retail center at 3695 Riverdale Road in Hickory Hill has sold for $1.1 million following a foreclosure.

5. 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).­

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6. Riverdale Shopping CenterSells for $1.8 Million -      A 14,400-square-foot shopping center at 3695-3723 Riverdale Road in Germantown has sold for $1.8 million to a Florida limited liability company.
     Germantown Plaza LLC, which lists an addr