7660 Poplar Pike Germantown, TN 38138

Sale Amount: $986,850

Sale Date: Nov. 14, 2012

2. Rheumatology Clinic Buys Germantown Office Building - Monday, November 26, 2012

Rheumatology Specialty Clinic PLLC has bought the 4,728-square-foot building at 7660 Poplar Pike in Germantown for slightly less than $1 million.

3. CK’s Moves Into Jackson as Part of Expansion - Friday, March 2, 2012

A longtime Memphis diner chain is expanding its presence into the Jackson, Tenn., market.

CK’s Coffee Shop has signed a five-year lease for 1,390 square feet of the existing 4,900-square-foot Old Medina Market Gas Station at 2800 Old Medina Road.

4. Midtown Apts. Sell for $1M - Thursday, March 1, 2012

Samuel Adefeyisan has purchased the Ashley Manor Apartments – two separate buildings totaling 16 one-bedroom condo units in Midtown – from John P. Waddell and Nancy S. Waddell for $1 million.

5. Airport Hotel, Conference Center Sells for $4.4M in Foreclosure - Tuesday, August 16, 2011

2240 Democrat Road
Memphis, TN 38132
Sale Amount: $4.4 million

Sale Date: July 22, 2011

6. Vieux Carre Retail Center Sells for $1.3 Million - Monday, August 15, 2011

Vieux Carre Investments LLC has bought Vieux Carre, a neighborhood shopping center at 7981 Dexter Road, from Nancy S. Waddell for $1.3 million. The deal closed July 28.

7. Memphis College of Art Buys South Main Building - Tuesday, February 23, 2010

477 S. Main St.
Memphis, TN 38103
Sale Amount: $400,000

Sale Date: Feb. 12, 2010
Buyer: Memphis College of Art
Seller: Southeastern LSC Holding Corp., formally known as Lewis Supply Co. Inc.
Loan Amount: $1.5 million
Loan Date: Feb. 15, 2010
Maturity Date: March 1, 2013
Lender: J.R. Hyde III Family Foundation

8. Waddells Buy 14 Units In The Edge at Monroe - Wednesday, February 17, 2010

John and Nancy Waddell have paid $1.5 million for 14 units in Downtown’s The Edge at Monroe Condominiums at 437 and 449 Monroe Ave. The Waddells bought the units Feb. 3 from Monroe Properties LLC, financing the transaction with a $1.5 million loan through Financial Federal Savings Bank.

9. Dollar General Coming To James Road in Raleigh - Tuesday, September 29, 2009

3609 James Road
Memphis, TN 38128
Permit Amount: $497,000

Project Cost: $497,000
Permit Date: Applied September 2009
Completion: TBA
Owner: SW Properties LLC
Tenant: Dollar General Corp.
Contractor: SW Properties LLC
Architect: N/A

10. Waddells Buy Ashley Manor Condominiums - Tuesday, September 22, 2009

John and Nancy Waddell have bought the two-building, 16-unit Ashley Manor condominiums at 129 and 137 N. Belvedere St. in Midtown for $1.6 million from Chamberlain, McCreery and Rice GP. The sale closed Sept. 4.

11. Recession Not Welcome - Tuesday, March 3, 2009

A touch of New Orleans is taking shape in Memphis thanks to a family owned real estate development group called The Commons at Dexter Lakes LLC.

12. 62-Bed Alzheimer’s Facility Coming to Germantown - Tuesday, November 4, 2008
3179 Professional Plaza
Germantown, TN 38138
Permit Amount: $5.6 Million

Project Cost: $5.6 million
Permit Date: Applied October 2008
Completion: October or November of 2009
Owner: Alexander Enterprises
Tenant: Alexander Enterprises
Contractor: Patton and Taylor Enterprises
Architect: O.T. Marshall Architects

Details: An Alzheimer’s facility called the Gardens of Germantown soon will rise at 3179 Professional Plaza, which runs between Poplar Avenue and Poplar Pike near the Germantown/Collierville border.

Developer Alexander Enterprises has filed a permit application with the city-county Department of Construction Code Enforcement to build the 30,500-square-foot, single-story facility. The Gardens of Germantown will be a 48-unit, 62-bed facility that sits on roughly half of a 4.36 acre-parcel backing up to the Village Shops of Forest Hill retail center. Beacon Communities Inc. of Cumming, Ga., will manage the facility.

Construction on the building, set to begin in December, should take 10 months, said Michael Alexander of Alexander Enterprises, with an opening projected for October or November 2009. The property has been divided into two lots, with the Gardens of Germantown slated for the northwest corner of the property.

1.46 Acres in Commons at Dexter Lake
Cordova, TN 38018
Loan Amount: $1.2 Million

Loan Date: Oct. 2, 2008
Maturity Date: April 22, 2009
Borrower: Commons at Dexter Lake LLC
Lender: First Citizens National Bank

Details: A $1.6 million retail center with a French Quarter motif is being built in Cordova. The Commons at Dexter Lake LLC has filed a $1.2 million construction loan to build a 10,400-square-foot retail center, dubbed Vieux Carré, south of Dexter Road and west of Chickering Lane. Construction started last week. The development team bought the land from John B. Maxwell Jr., trustee for the sellers, for $334,541 and filed the construction loan through First Citizens National Bank. Commons at Dexter Lake LLC principal Nancy Waddell signed the trust deed. The center will sit on a 1.46-acre parcel near the Commons at Dexter Lake retail center and the Reserve at Dexter Lake apartments. A spokesman for the developer said the seven-bay center already has five leases signed. Tenants include a Belle Meade salon, financial planner Martin Hearn, a Crown Trophy store and a florist/gift shop. Jeff Blackledge is architect for Vieux Carré. KT Construction LLC, whose partners are Scott Turnage and Riley Kail, will be the general contractor. Turnage said the company is “stripping the lot off right now and pushing hard for the first of the year” to complete the center. “We’re going to go for kind of a hybrid French Quarter style – we’re going to be doing more of a Bourbon Street look,” Turnage said. “It’s going to be a strip center, but we’re going to try to give each space individuality, using depth and height offsets to try to give each space somewhat of a unique appearance.” More retail space will be coming to the site soon.

6075 Winchester Road
Memphis, TN 38115
Sale Amount: $1.4 Million

Sale Date: Oct. 23, 2008
Buyer: World Overcomers Outreach Ministries Church Inc.
Seller: Carlyle Rock Ridge LLC
Loan Amount: $1.2 million
Loan Date: Oct. 24, 2008
Maturity Date: N/A
Lender: Tri-State Bank of Memphis

Details: World Overcomers Outreach Ministries Church Inc. has bought the Hickory Ridge Mall for $1.4 million from Carlyle Rock Ridge LLC. The roughly 500,000-square-foot Hickory Ridge Mall sits on 44 acres at 6075 Winchester Road in Hickory Hill. It was damaged by a tornado during the Feb. 5 storms that ripped through the southern and southeastern areas of town. World Overcomers will retain its congregational home at the former Central Church at 6655 Winchester Road, down the road from the mall. The church bought that property in 2001 for $10 million. Church pastor Alton Williams has announced plans to turn the mall into a Christian community center, replete with a restaurant, banquet hall, theater and other services for the neighborhood. The Hickory Ridge Mall opened in 1981 to much fanfare, but it steadily declined over the years as newer malls opened in other parts of town and tenants departed. The February storm proved to be a death knell for the mall. Although the city of Memphis considered buying it and turning it into a satellite office for city services, the renovation proved too costly.

13. New Orleans-Style Center Comes to Cordova - Thursday, October 30, 2008
A $1.6 million retail center with a French Quarter motif is being built in Cordova. The Commons at Dexter Lake LLC has filed a $1.2 million construction loan to build a 10,400-square-foot retail center, dubbed Vieux Carré, at the southwest corner of Germantown Parkway and Dexter Road. Construction started this week.

The development team bought the land from John B. Maxwell Jr., trustee, for $334,541 and filed the construction loan through First Citizens National Bank. Commons at Dexter Lake LLC principal Nancy Waddell signed the trust deed.

The center will sit on a 9-acre parcel west of the Jason’s Deli off Dexter Road. The property is near the Commons at Dexter Lake retail center and the Reserve at Dexter Lake apartments.

A spokesman for the developer said the seven-bay center already has five leases signed. Tenants include a Belle Meade salon, financial planner Martin Hearn, a Crown Trophy store and a florist/gift shop.

Jeff Blackledge is architect for Vieux Carré. KT Construction LLC, whose partners are Scott Turnage and Riley Kail, will be the general contractor. Turnage said the company is “stripping the lot off right now and pushing hard for the first of the year” to complete the center.

“We’re going to go for kind of a hybrid French Quarter style – we’re going to be doing more of a Bourbon Street look,” Turnage said. “It’s going to be a strip center, but we’re going to try to give each space individuality, using depth and height offsets to try to give each space somewhat of a unique appearance.”

More retail space will be coming to the site soon.

Source: The Daily News Online & Chandler Reports

14. BNSF Adds Fueling Facility To Memphis Intermodal Yard - Tuesday, October 7, 2008

5280 E. Shelby Drive
Memphis, TN 38118
Permit Amount: $1.6 Million

Project Cost:$100 million
Permit Date:Applied October 2008
Completion:Second Quarter 2009
Owner:BNSF
Tenant:BNSF
Contractor:Ames Construction

15. G’Town Office Building Sells for $1 Million - Monday, September 29, 2008

The office building at 7660 Poplar Pike in Germantown isn’t quite finished, but it already has a new owner. Bregenzer Properties LLC paid $1 million for the 5,000-square-foot structure. The company bought the office building from Nancy S. Waddell, who acquired it in March from the builder, The Salvaggio Group LLC.

16. Archived Article: This Week - Monday, October 4, 2004
MBA Presents the Irving Younger Video Series

Shelby County Mayor Hosts Town Hall Meeting

Oct. 4

The Memphis Area Association of Realtors Multi-Million Dollar Club sponsors Professional Standards in the 21st Century from 9 a.m. to noon at Ge...

17. Archived Article: Market Briefs - Monday, September 11, 2000
Union Planters Corp Union Planters Corp. was named the third most small business-friendly bank holding company in the nation by the U.S. Small Business Administration. In the SBAs study of large banks, Union Planters ranked third, trailing BB&T ...

18. Archived Article: Graphic (divatty) - Thursday, August 10, 2000
Attorney for the plaintiff Attorney for the plaintiff More than 2,300 petitions for divorce were filed in the first seven months of 2000. A growing number of plaintiffs represent themselves in the proceedings, but the majority sought the advice of a...