VOL. 119 | NO. 151 | Tuesday, August 23, 2005
Memphis-area retail transactions lead real estate sector
International Paper's recent decision to relocate its global headquarters to Memphis could be viewed as an overall reflection of the city's commercial real estate sector. Memphis is experiencing a steady level of commercial investment activity, led by a surge in retail transactions.
The 29-story Sterick Building at 8 S. Third St. was once the city's premier office building - and was the tallest structure in the region for several decades.
4943 Stepherson Road, Memphis, TN 38118, Cost: $16 million -