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VOL. 129 | NO. 154 | Friday, August 08, 2014

Amos Maki

SEND COMMERCIAL LEASE ANNOUNCEMENTS to Amos Maki, who can be reached at 603-4025 or amos@memphisdailynews.com.

Tamp & Tap to Open in East Memphis

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One of the newest office buildings in East Memphis has landed a popular local coffee shop and restaurant.

Tamp & Tap responded to repeated overtures from Highwoods Properties Inc. and has leased 2,785 square feet of space on the first floor of the Triad Centre III building on Poplar Avenue in East Memphis.

“They’ve been pursuing us to do the location since last winter and we loved the idea from the get go,” said Mitch Buckner, who co-owns Tamp & Tap with Daniel Flanagan. “I didn’t want to expand too fast so we kept it on the back-burner and earlier this year we revisited it and have really been working on it for the last few months.”

Buckner said the new location, which is expected to open in the fall, will largely have the same menu as the original location at 122 Gayoso Ave. Downtown.

“We may find the clientele a little different with more corporate luncheons and to-go orders but we’ll largely have the same menu if not exactly the same,” said Buckner.

Highwoods has increasingly added amenities to its East Memphis office portfolio.

Earlier this year Infinity Fitness leased 5,700 square feet at the 148,810-square-foot Triad Centre III office building at Poplar Avenue and Shady Grove Road.

Darden Restaurants Inc. opened two restaurants – The Capital Grille and Seasons 52 – on the grounds of Highwoods Properties’ Crescent Center, located across Poplar from the Triad Centre complex.

“We want to bring more amenities into our buildings for our customers and things like fitness centers and food service fit the equation nicely,” said Steve Guinn, who heads the Memphis office of Highwoods Properties.

Guinn said Tamp & Tap was a perfect fit for the Triad Centre III building because it offered a locally-owned amenity that likely wouldn’t threaten the corporate restaurants located at the Crescent Center.

“It’s a local entrepreneur, a local business we wanted to bring in and I think it’s going to work well,” Guinn said.

The new Tamp & Tap location will be designed by Graham Reese Design Group. Fletcher Elkington represented the tenant. John Mercer represented the landlord, Highwoods Properties.

In sales news, the Mendenhall Business Center has changed hands.

Memphis-based NAASS Properties Inc. acquired the 100,641-square-foot property located on 9.86 acres at 2757 S. Mendenhall Road from California-based Stanford Federal Credit Union for $250,000.

Built in 1973, the property is appraised at $830,100, according to the Shelby County Assessor’s office.

Ed Thomas and Andrew Phillips of Colliers International Memphis represented the seller, Stanford Federal Credit Union.

In other leasing news, Cordova has gained a new Mediterranean-themed restaurant and grill.

Shadi Alrammal has opened Tannoor Grill at the Germantown Shops center on Germantown Parkway near Fischer Steel Road in Cordova.

Tannoor Grill is occupying roughly 3,200 square feet at 830 N. Germantown Parkway, Suite 110, in the 16,000-square-foot retail center. The restaurant offers all-you-can-eat grilled Mediterranean meat, poultry, appetizers, desserts and more.

Aaron Petree represented Loeb Properties.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 44 13,700
MORTGAGES 0 58 17,884
FORECLOSURE NOTICES 0 28 3,533
BUILDING PERMITS 0 0 32,303
BANKRUPTCIES 0 78 13,081
BUSINESS LICENSES 0 25 4,730
UTILITY CONNECTIONS 0 121 20,021
MARRIAGE LICENSES 0 33 4,230

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