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VOL. 128 | NO. 156 | Monday, August 12, 2013

100 N. Main Sells for $5 Million

By Amos Maki

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100 N. Main building

The towering skyscraper at 100 N. Main St., the tallest building in Memphis, has been sold.

The Zimmerman Revocable Trust sold the building Friday, Aug. 9, to One Hundred North Main LLC, a Nevada-based limited liability company, for $5 million.

Myron Zimmerman acquired the 38-story office building, which was built in 1965, from Sidney Kohl in 1978 for $10 million.

The 430-foot-tall building, which has a large parking garage, sits on one acre at Main Street and Adams Avenue. The Shelby County Assessor of Property’s 2013 appraisal is $3.7 million.

The former Union Planters Bank building has been a popular spot for legal offices because of its proximity to the courts and has a number of long-term tenants.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 10,190
MORTGAGES 103 400 13,275
FORECLOSURE NOTICES 0 60 2,598
BUILDING PERMITS 0 562 24,086
BANKRUPTCIES 72 299 9,832
BUSINESS LICENSES 39 110 3,713
UTILITY CONNECTIONS 129 519 14,482
MARRIAGE LICENSES 13 81 3,144

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