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VOL. 129 | NO. 41 | Friday, February 28, 2014

Amos Maki

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

MalmoMemphis Completes Three Law Firm Leases

By Amos Maki

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Three Memphis law firms represented by MalmoMemphis Real Estate Inc. have renewed their office leases or leased new spaces.

Archibald & Harmon PC has renewed its 3,524-square-foot lease for three years in the Falls Building on Front Street. The Falls Building was represented by Gray Fiser of CB Richard Ellis Memphis.

The Law Offices of David Caywood signed a two-year lease renewal for its 2,261-square-foot office in Clark Tower. Clark Tower landlord In-Rel Properties was represented by Brand Cook of Cushman & Wakefield/Commercial Advisors.

McCrary & Associates has relocated its offices to 1669 Kirby Parkway and signed a new 2,397-square-foot lease for five years. The landlord was represented by Coleman O’Keefe of Capital Realty Services.

“While I don’t, necessarily, specialize in law firm representation, I have had the good fortune to complete more than 30 successful leasing transactions with some really fine Memphis law firms,” said Dede Malmo, president of MalmoMemphis Real Estate.

In other news, an industrial building inside Metro Industrial Park in Olive Branch has changed hands.

UEC Corp. recently acquired the 110,000-square-foot building at 8760 Cypress Woods Cove for $1.9 million.

Bayard Snowden of Colliers International Memphis represented the seller, Lephiew Dennington, while Andy Cates and Preston Thomas of Colliers International Memphis represented UEC Corp.

In other news, Trademark Property Co. is preparing to move forward with its plan to remodel The Shops at Saddle Creek in Germantown.

Trademark Property pulled a $489,598 building permit to make exterior modifications to existing buildings at Saddle Creek. Linkous Construction Co. is the contractor and LRK is the architect.

Texas-based Trademark Property plans to expand the portion of the 148,000-square-foot lifestyle center on the southwest side of Poplar Avenue and West Street in Germantown.

Trademark will demolish 20,000 square feet of existing space before building 40,000 square feet of new development.

The project also includes remodeled building exteriors for Saddle Creek South and West.

A development plan approved by the city of Germantown in January allows for the demolition of the dental office building at the southwest corner of Poplar Avenue and West Street. Final approval of the redevelopment plan is contingent on the city allowing a portion of McVay Road to be closed.

The airport area is getting a new Papa John’s restaurant. Ketan Patel is opening a new Papa Johns at 1551 E. Brooks Road, in the space formerly occupied by a Blimpie restaurant. When the new location opens in April, it will offer dine-in, carryout and delivery options throughout the airport, Whitehaven and Graceland areas, as well as down to Third Street and as far south as State Line Road.

Meanwhile, Electronic Warehouse Receipt Inc. is moving from Memphis to Collierville.

EWR, which was founded in 1994 and specializes in computerized receipts for the cotton industry, is moving from 6055 Primacy Parkway to 81 Peyton Parkway, located just east of the intersection of Bailey Station Road and Winchester Avenue in Collierville. EWR acquired the 4,992-square-foot building from Gerald Graham for $475,000.

Michael Morgan with CB Richard Ellis Memphis represented EWR and Bill Caller with Crye-Leike Commercial represented Graham.

Speaking of Crye-Leike Commercial, the brokerage unit recently joined the Twitterverse. You can find Crye-Leike Commercial at @CLCommercial.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 206 16,619
MORTGAGES 84 228 21,660
FORECLOSURE NOTICES 21 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 73 222 15,764
BUSINESS LICENSES 23 51 5,542
UTILITY CONNECTIONS 86 287 23,860
MARRIAGE LICENSES 21 72 5,107

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