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1. Gestalt Schools Signs Lease in Hickory Hill
- Friday, June 20, 2014
A charter school operator has inked a lease for space on Winchester Road in Hickory Hill.
Gestalt Community Schools has leased 57,000 square feet of space at 5360 Winchester Road inside the Mendenhall Square shopping center.
2. Olymbec Buys Another Memphis Industrial Property
- Tuesday, June 03, 2014
Canadian real estate company Olymbec USA LLC has invested again in Memphis, paying $4 million for the warehouse at 4219 Air Trans Road in Oakhaven.
3. HSA Files $6M Loan for Airport Industrial Lots
- Monday, April 02, 2012
Memphis Air Trans LP, an affiliate of Chicago-based HSA Commercial Real Estate, has filed a $6 million loan through The PrivateBank and Trust Co. for various lots in Airport Industrial Park Section L.
4. Outside Interests Local Sector’s Biggest Benefactors
- Friday, June 19, 2009
As the real estate slump toils on, a Chicago-based company has proven to be a savior of sorts for the local industrial sector.
HSA Commercial Real Estate, already a player in the local market, continued its investments here by pulling the trigger on three of the four most lucrative deals in Shelby County during the past year, all of them in the Oakhaven/Parkway Village area.
5. Numbers Show Industrial Real Estate Taking Plenty Of ‘Licks’
- Friday, June 19, 2009
A healthy industrial real estate market is imperative for Memphis to live up to its longtime moniker of “America’s Distribution Center” or its new one of “America’s Aerotropolis.”
In other words, a viable warehouse sector – which bolsters the city’s ability to store goods before they’re distributed and supports the city’s robust transportation assets – is mission critical no matter how the city’s marketing is phrased.
6. Industrial Real Estate Shows Rare Q1 Weakness
- Tuesday, May 05, 2009
Industrial real estate in many ways is the backbone of Memphis’ economy, providing warehouse and distribution space to the myriad transportation companies that move freight in and out of the city.
That sector began 2009 by showing rare signs of weakness, suffering its first three-month period of negative absorption since late 2007. The Memphis Metropolitan Statistical Area saw a loss of 521,677 square feet in the first quarter, according to quarterly data released last week by the Memphis office of CB Richard Ellis.
7. Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales
- Thursday, January 22, 2009
As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.
“The big storyline in ’08 was that lenders weren’t lending,” said Johnny Lamberson, senior vice president at CB Richard Ellis Memphis. “It put a real tightening on deals getting done. If deals weren’t highly leveraged, as the year went on it became harder and harder to get transactions closed because nobody was lending money.”
8. Commercial Real Estate Sales Down 18 Percent
- Tuesday, December 23, 2008
A familiar theme in the commercial real estate market continued in November as a couple of high-dollar transactions kept the month out of the doldrums. Not surprisingly, though, those numbers didn’t do much to salvage an otherwise dismal year.
9. Chicago Company Buys Again In Memphis
- Tuesday, December 02, 2008
A Chicago real estate firm has bolstered its Memphis presence with another industrial acquisition, its fourth high-dollar deal in the past couple of years.
HSA Commercial Real Estate, operating locally as Memphis Air Trans LP, has bought the 342,860-square-foot, one-story warehouse at 4219 Air Trans Road for $8.4 million, proving that it remains bullish on this market.
10. Chicago Firm Buys Another Memphis Warehouse
- Tuesday, November 25, 2008
4219 Air Trans Road
Memphis, TN 38118
Sale Amount: $8.4 Million
Sale Date: Nov. 5, 2008
Buyer: Memphis Air Trans LP
Seller: TC Air-T Industrial LLC
Loan Amount: $6.7 million
Loan Date: Nov. 5, 2008
Maturity Date: N/A
Lender: Union Bank of California NA
11. Memphis Air Trans LP Buys Warehouse for $8.4M
- Thursday, November 20, 2008
Memphis Air Trans LP has bought a 342,860-square-foot, one-story warehouse at 4219 Air Trans Road for $8.4 million. The seller was TC Air-T Industrial LLC, which acquired the property in January 2007 for $5.8 million. Memphis Air Trans financed the purchase with a $6.7 million loan through Union Bank of California NA.