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Editorial Results (free)

1. FedEx Decides Not to Renew a Renaissance Center Lease -

FedEx has decided not to renew a lease at a prominent East Memphis office building.

FedEx Services is not renewing a roughly 11,000-square-foot lease at the 189,644-square-foot Renaissance Center office building at 1715 Aaron Brenner Drive that expires Oct. 1. Employees affected by the decision will be moved to FedEx facilities, part of a broader consolidation and efficiency plan the company has been pursuing.

2. Source: Horizon Under Contract To Be Purchased -

The Horizon, an uncompleted 16-story residential tower overlooking the Mississippi River on the southern end of Downtown, could change hands soon.

A yet-to-be-identified buyer is under contract to purchase the tower, according to sources familiar with the effort.

3. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

6055 Shelby Oaks Drive
Memphis, TN 38134

Sale Amount: $1.6 million

Sale Date: Sept. 19, 2012

4. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

The Red Roof Inn at 6055 Shelby Oaks Drive has traded hands for the second time in a year and for the same sales price of $1.6 million.

5. Shelby Oaks Red Roof Among 143 Sold -

6055 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $1.6 million

6. Memphis Red Roof Among 143 Sold -

A Red Roof Inn on Shelby Oaks Drive is one of 143 bought by a joint venture as part of Red Roof Inns Inc.’s efforts to recapitalize ownership of its assets.

7. Texas-Based InvestorBuys Site of Local Motel -      R-Roof VI LLC has bought property at 6055 Shelby Oaks Drive for $5.2 million from Second Berkshire Properties LLC. A Red Roof Inn currently sits on the site.
     R-Roof VI shares a Houston