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Editorial Results (free)

1. Outdoors Retailer REI Planning First Memphis Store -

5895 Poplar Ave.
Memphis, TN 38119

Permit Amount: $900,000

Owner: Weingarten Realty

Tenant: REI

Details: Seattle, Washington-based sporting and camping goods retailer REI has filed a $900,000 building permit application for tenant improvement in the former Sports Authority building at 5895 Poplar Ave. in the Ridgeway Trace shopping center.

2. Constant Aviation Inks Deal Near Airport -

Cleveland, Ohio-based Constant Aviation recently signed a lease to occupy 33,950 square feet at 3720 Distriplex Drive near the intersection of Getwell Road and Shelby Drive.

3. Constant Aviation Inks Deal Near Airport -

Cleveland, Ohio-based Constant Aviation recently signed a lease to occupy 33,950 square feet at 3720 Distriplex Drive near the intersection of Getwell Road and Shelby Drive.

4. DHL Planning New Memphis Distribution Facility -

0 Tchulahoma Rd.
Memphis, TN 38118

Tenant: DHL Supply Chain

Landlord: Belz Enterprises

5. Dayco Inks Lease In Airport Industrial Park -

Dayco Products Inc. has signed a lease to occupy 45,700 square feet in the Airport Industrial Park at 4292 E. Raines Road.

6. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

7. Local Investor Buys NE Memphis Auto Shop -

Local entrepreneur Jose Serratos has purchased an auto repair shop in northeast Memphis where he plans to open his first Maaco Collision Repair & Auto Painting franchise.

Serratos, doing business as JAS Total Enterprises LLC, bought the building at 6397 Summer Gale Drive from PHP Investments for $412,500.

8. MAAR Elects Five New 2018 Board Members -

The Memphis Area Association of Realtors elected five new members for its 2018-19 board of directors at its annual meeting Thursday, Aug. 31.

The new members include Amanda Lott and Loura Edmondson of Crye-Leike Inc. Realtors; Eric Fuhrman of Crye-Leike Commercial; Keith Gilliam of Weichert Realtors; and Grace Uhlhorn of Keller Williams Realty.

9. Tennessee Taco Opens in Former Los Compadres Space -

3295 Poplar Ave.
Memphis, TN 38111

10. Honeywell Inks Lease At Airport Industrial Park -

Honeywell International Inc., a Fortune 100 software-industrial company based in New Jersey, has signed a lease to occupy 100,000 square feet inside the Airport Industrial Park.

11. ThyssenKrupp Signs Southeast Memphis Lease -

ThyssenKrupp Materials NA, Inc. has signed lease to occupy 80,000 square feet in the Raines Distribution Center in Southeast Memphis.

12. Bartlett Retail Portfolio Sells for $2.3 Million -

A six-building retail portfolio in Bartlett has switched hands for $2.3 million.

In the deal, Kam Investments purchased the buildings, which total 34,000 square feet and are located in the 5800 block of Stage Road near the intersection of Stage and Bartlett Boulevard.

13. Financial Services Firm Takes Floor in Clark Tower -

In this week’s Real Estate Recap, a financial services firm inks a full floor in Clark Tower and Crosstown High School files a $4.1 million permit to build-out space in the Crosstown Concourse for its charter school that is scheduled to open next fall. 

14. MAAR Elects Five New 2018 Board Members -

The Memphis Area Association of Realtors elected five new members for its 2018-19 board of directors at its annual meeting Thursday, Aug. 31.

The new members include Amanda Lott and Loura Edmondson of Crye-Leike Inc. Realtors; Eric Fuhrman of Crye-Leike Commercial; Keith Gilliam of Weichert Realtors; and Grace Uhlhorn of Keller Williams Realty.

15. Financial Services Firm Takes Floor in Clark Tower -

In this week’s Real Estate Recap, a financial services firm inks a full floor in Clark Tower and Crosstown High School files a $4.1 million permit to build-out space in the Crosstown Concourse for its charter school that is scheduled to open next fall. 


16. Bartlett Retail Portfolio Sells for $2.3 Million -

A six-building retail portfolio in Bartlett has switched hands for $2.3 million.

Kam Investments purchased the buildings, which total 34,000 square feet and are located in the 5800 block of Stage Road near the intersection of Stage and Bartlett Boulevard.

17. ThyssenKrupp Signs Southeast Memphis Lease -

ThyssenKrupp Materials NA, Inc. has signed lease to occupy 80,000 square feet in the Raines Distribution Center in Southeast Memphis.

18. Pottery Studio/Coffee House to Open on Highland Strip -

549 S. Highland St.
Memphis, TN 38122

Lease Size: 2,788 square feet

19. Appliance Company Inks Memphis Industrial Lease -

CE North America, a subsidiary of appliance maker CEM Global, recently signed a lease to occupy a 45,000-square-foot facility in Southeast Memphis.

Hank Martin, NAI Saig Co. vice president and business manager, represented the tenant in the deal, while Tim Mashburn, vice president of Collier International’s Industrial Division, represented the landlord, DP 73 LLC.

20. Appliance Company Inks Lease in Southeast Memphis -

CE North America, a subsidiary of appliance maker CEM Global, recently signed a lease to occupy a 45,000-square-foot facility in Southeast Memphis.

Hank Martin, NAI Saig Co. vice president and business manager, represented the tenant in the deal, while Tim Mashburn, vice president of Collier International’s Industrial Division, represented the landlord, DP 73 LLC.

21. First Alliance Bank Inks 10-Year Lease to Move to Clark Tower -

Memphis-based First Alliance Bank has signed a 10-year lease to relocate its Poplar Avenue branch into the recently remodeled Clark Tower office building.


5100 Poplar Ave.
Memphis, TN 38137

22. Expeditors Signs Lease In Pilot Distribution Center -

Seattle-based logistics company Expeditors has signed 100,000-square-foot lease in the Pilot Distribution Center, located at 4221 Pilot Drive.

23. Developer Sells Pair Of Bartlett Office Buildings -

Freestanding office buildings at 6590 and 6591 Summer Ave. in Bartlett have sold for just less than $1 million.

24. Developer Sells Pair of Bartlett Office Buildings -

Freestanding office buildings at 6590 and 6591 Summer Ave. in Bartlett have sold for just less than $1 million.

25. Malco Pulls Additional Building Permit for Downtown Theater -

Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.


45 E. G.E. Patterson Ave.
Memphis, TN 38103
Permit Amount: $5 million

26. Malco Pulls Additional Building Permit for Downtown Theater -

45 E. G.E. Patterson Ave.

Memphis, TN 38103

Permit Amount: $5 million

Project Cost: $55 million

Application Date: July 2017

Owner: Henry Turley Co. and Community Capital

27. Cordova Shopping Center Sells for $2.3 Million -

The Woodchase Center, located at 2075 N. Germantown Parkway, has a new owner.

Dr. Alan Werner purchased the 28,484-square-foot retail building from MAM Realty Holdings of Memphis LLC for $2.3 million. Brian Califf, executive vice president of NAI Saig, represented Werner, while Melanie Myers with the Gary Myers Co. represented MAM Realty Holdings.

28. UWT Logistics Renews Lease in Pilot Center -

UWT Logistics will renew its 100,000-square-foot lease in the Pilot Distribution Center located at 4221 Pilot Drive in Southeast Memphis.

29. East Memphis Office Building Sells for $7 Million -

A 79,000-square-foot office building in East Memphis has switched hands in a multimillion-dollar deal.

Gregory Realty GP purchased the Class B building at 855 Ridge Lake Blvd. for $7 million from Israel-based investors Faropoint Ventures, doing business as Ridge Lake TN Realty Holdings LLC.

30. East Memphis Office Building Sells for $7 Million -

A 79,000-square-foot office building in East Memphis has switched hands in a multimillion-dollar deal.

Gregory Realty GP purchased the Class B building at 855 Ridge Lake Blvd. for $7 million from Israel-based investors Faropoint Ventures, doing business as Ridge Lake TN Realty Holdings LLC.

31. Cooper-Young Getting New Coffee House -

945 Cooper St.
Memphis, TN 38104

Permit Amount: $85,750

Application Date: July 2017

32. UWT Logistics Renews Lease in Pilot Center -

UWT Logistics will renew its 100,000-square-foot lease in the Pilot Distribution Center located at 4221 Pilot Drive. Hank Martin and Elliot Embry with NAI Saig Co. represented the landlord, Sealy Co., in the deal.

33. Two Bartlett Buildings Sell for $2.7M -

Two flex buildings totaling 30,796 square feet on 3.16 acres of land at 7895 Stage Hills Blvd. in Bartlett were sold for $2.7 million.

34. $18.5 Million Permit Filed for Central Station Project -

In this week’s Real Estate Recap, developers pull an $18 million permit for the Central Station overhaul, another new Downtown hotel is in the works and the new Laurelwood bookstore gets a restaurant...

35. Cordova Shopping Center Inks Tenant Wing King -

The Wolf River Commons Shopping Center, located at 420 S. Germantown Parkway, is now fully leased as a three-year, $69,459 deal will bring a Wing King into the last 1,335-square-foot bay.

36. Demand for Smaller Industrial Facilities Growing -

Even though massive deals like Niagara Bottling’s 554,000-square-foot facility and McCormick & Co.’s 615,000-square-foot operation next door in Gateway Global Logistics Center often steal the spotlight, they only paint part of the picture of North Mississippi’s industrial market.

37. North Mississippi Developers Gear Up to Land Large Clients -

With almost 3.5 million square feet of speculative space floating around in North Mississippi just between Crossroads Distribution Center and Gateway Global Logistics Center alone, it appears that there is no shortage of interest in the region from prospective clients.

38. Medical District Apartments Sell for $5.2 Million -

A medical district apartment switches hands in a multimillion-dollar deal, a Downtown developer plans an apartment complex near FedExForum, and a California investor buys a local industrial portfolio. Details in this week’s Real Estate Recap...

39. Collierville Retail Building Sells for $2.5 Million -

A Collierville retail center at 1204 W. Poplar Ave. has sold for $2.5 million.

Bryan Evans with NAI Saig Co. represented the buyer, TH Magnolia Sands, in the purchase of the 7,562-square-foot building. Patt Bullock with Gill Properties represented the seller, Gill Retail GP.

40. Collierville Retail Building Sells for $2.5 Million -

A Collierville retail center at 1204 W. Poplar Ave. has sold for $2.5 million.

Bryan Evans with NAI Saig Co. represented the buyer, TH Magnolia Sands, in the purchase of the 7,562-square-foot building. Patt Bullock with Gill Properties represented the seller, Gill Retail GP.

41. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1-million-square-foot industrial portfolio for $33.1 million. Details on that and more commercial real estate news in this week's Real Estate Recap...

42. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1 million-square-foot industrial portfolio for $33.1 million.

The seller was Greenfield Partners LLC, a Connecticut-based private equity firm. 

43. Shops of Wolflake Near Wolfchase Sells for $4.8M -

2965 N. Germantown Parkway
Bartlett, TN 38133 

Sale Amount: $5 million

Sale Date: March 31

Buyer: WFL Retail LLC

44. Shops of Wolflake Sells for $4.8 Million -

A Germantown Parkway shopping center near Wolfchase Galleria has switched hands for nearly $5 million, according to a warranty deed filed with the Shelby County Register of Deeds March 31.

Called the Shops of Wolflake, the Bartlett shopping center is located between St. Francis Hospital-Bartlett and the Wolfchase mall and is anchored by Eat Well Sushi and Grill.

45. Shops of Wolflake Near Wolfchase Sold for $4.8M -

A Germantown Parkway shopping center near Wolfchase Galleria has switched hands for nearly $5 million, according to a warranty deed filed with the Shelby County Register of Deeds March 31.

Called the Shops of Wolflake, the Bartlett shopping center is located between St. Francis Hospital-Bartlett and the Wolfchase mall and is anchored by Eat Well Sushi and Grill.

46. Hickory Hill Home Depot Site Sells for $15 Million -

3469 Riverdale Road
Memphis, TN 38115 

Sale Amount: $15.7 million

Sale Date: March 3, 2017

Buyer: Spirit Realty Capital

47. Six Acres Sold In Southeast Memphis -

A sizeable parcel of undeveloped land near a busy intersection in Southeast Memphis has switched hands for $784,000.

Bryan Evans with NAI Saig Co. represented the buyer, New Development LLC, while Andrew Phillips with Colliers International represented the seller, Forest Bend Properties LLC, in the Feb. 24 deal.

48. Mallory Alexander Inks Three-Year Industrial Lease -

Memphis-based shipping company Mallory Alexander International Logistics has signed a three-year lease for space at 4221 Pilot Drive.

49. Six Acres Sold In Southeast Memphis -

A sizeable parcel of undeveloped land near a busy intersection in Southeast Memphis has switched hands for $784,000.

Bryan Evans with NAI Saig Co. represented the buyer, New Development LLC, while Andrew Phillips with Colliers International represented the seller, Forest Bend Properties LLC, in the Feb. 24 deal.

50. Mallory Alexander Inks Three-Year Lease -

Memphis-based shipping company Mallory Alexander International Logistics has signed a three-year lease for space at 4221 Pilot Drive.

51. CRE Brokers Speculate on Future of Commercial Appeal Headquarters -

When USA Today Network executive and president of The Tennessean newspaper Laura Hollingsworth came into town the day after The Commercial Appeal announced printing operations will be moving to Jackson, Tennessee, she told the staff that while no immediate plans were in place, selling the daily paper’s iconic building was certainly a possibility down the road.

52. Temple Israel Expanding Into Crosstown Concourse -

495 N Watkins St.
Memphis, TN 38104

Tenant: Temple Israel

Details: In a letter that went out to its congregation over the weekend, Temple Israel announced plans to expand into the Crosstown Concourse this summer.
Officials said the new Crosstown campus won’t be a second synagogue, but will instead enhance the Temple’s community outreach programs.
“We believe that Temple will thrive in Crosstown and that you, the members, will be truly amazed by the collaboration in the years ahead,” Temple Israel president Elkan Scheidt said in the email. “Crosstown’s creativity, innovation, and social-action focus aligns seamlessly with Temple and Reform Judaism’s inclusive philosophy.”
Temple Israel formed a preliminary Crosstown committee, which included Cara Greenstein, Alex Shindler, Daniel Kiel, Meggan Kiel, Bruce Landau, Susanne Landau, Joanna Lipman, Josh Lipman, Liz Rudnick and Elton Parker to discuss the move before deciding to sign a lease for a 1,200-square-foot “Midtown Living Room” in the Concourse.
“By offering countless programming and Tikkun Olam opportunities, Temple Israel Crosstown will bring the celebrated Temple Israel spirit of 38120 to 38104,” the announcement went on to say. “It will also become a new member gateway for unaffiliated Downtown/Midtown Jews and newcomers to Memphis.”
“Tikkun Olam, Hebrew for “repairing this broken world,” expresses the fundamental Jewish idea that what we do to heal the hurt and help those who are suffering most – in our city and in this world – is what matters most to the one God who loves us all,” Rabbi Micah Greenstein, senior rabbi at Temple Israel, said.
The email outlined some of the programs Temple Israel could offer in Crosstown, such as partnerships with their Crosstown neighbors, lunch and learns, baby-and-me classes, Hebrew tutoring and Women of Reformed Judaism-Sisterhood knitting for the Manna House.
Temple Israel, which is located at 1376 E. Massey Road, was founded in 1854 as the first permanent Jewish house of worship in Tennessee and now serves 1,500 member families in the Memphis area. 

53. Airport-Area Property Sells for $300,000 -

A nearly 3-acre parcel with a pair of 30,000-plus-square-foot buildings near the Memphis International Airport has sold for $300,000.

The parcel, which is located at 3592 Knight Arnold Road near Kathy Cove, is home to a 35,000-square-foot warehouse and a 31,200-square-foot office building.

54. Airport-Area Property Sells for $300,000 -

A nearly 3-acre parcel with a pair of 30,000-plus-square-foot buildings near the Memphis International Airport has sold for $300,000.

The parcel, which is located at 3592 Knight Arnold Road near Kathy Cove, is home to a 35,000-square-foot warehouse and a 31,200-square-foot office building.

55. Ernest Strickland Takes On Workforce Role at Chamber -

The Greater Memphis Chamber has promoted Ernest Strickland to senior vice president of workforce development, a newly created role. Strickland, who has worked at the chamber since 2006, previously served as vice president of international and business partnerships.
In his new position, he is responsible for creating and implementing the chamber’s workforce development strategy. His department serves as a liaison, working directly with existing and prospective businesses to ensure they are able to attract and retain a qualified workforce today and in the future.

56. Dave & Buster’s to Open Cordova Location -

7930 Germantown Parkway
Memphis, TN 38133 

Landlord: Brixmor Property Group 

Tenant: Dave & Buster’s 

57. Former Collierville Church Sells for $500,000 -

The building that formerly housed Orchard Fellowship Church, located at 140 S. Main St. in Collierville, has been purchased by Chris Dickens and Associates LLC for $500,000.

58. Midtown Retail Property Sells for $5 Million -

1625 Poplar Avenue

Memphis, TN 38104 

Sale Amount: $5 million

Sale Date: Dec. 21, 2016

59. Large Deals, Office Construction Among Memphis' Commercial Real Estate Trends -

Coming off of a strong year in 2015, the commercial real estate market in the Memphis metropolitan area continued to do well in 2016.

Larry Jensen, president and CEO of Cushman & Wakefield/Commercial Advisors, said his company was tracking approximately 6 million square feet of net absorption in the industrial market headed into the last week of 2016, as compared to 8.4 million in 2015.

60. Developer Buys Former Merle Norman Warehouse -

3670 S. Perkins Road

Memphis, TN 38118

Sale Amount: $1.3 million

Sale Date: December 2016

Buyer: Farnsworth Investment Co.

61. American Car Care Signs 9-Year Lease at Lenox Park -

American Car Care has signed a lease with Lenox Park C-F Owner LLC for 17,427 square feet in Lenox Park Building E, located at 6775 Lenox Center Court.

62. Developer Buys Former Merle Norman Warehouse -

Merle Norman Cosmetics Inc. has sold its former Memphis distribution center to local real estate developer Thomas Farnsworth Jr. for $1.3 million.

63. Local Developer Buys Former Merle Norman Warehouse -

Merle Norman Cosmetics Inc. has sold its former Memphis distribution center to local real estate developer Thomas Farnsworth Jr. for $1.3 million.

64. Village Shops of Forest Hill Sold for $37.1 Million -

9155 U.S. Highway 72

Germantown, TN 38138

Sale Amount: $37.1 million 

Sale Date: December 2016

65. Short-Term Leases Help Retail Industry Navigate Busy Shopping Season -

With the holiday shopping season already in full swing, some companies in need of additional space to help alleviate their seasonal storage requirements are finding willing landlords as partners.

Because holiday retail sales are expected to significantly rise above the 10-year average and increase 3.6 percent to $655.8 billion nationally, according to the National Retail Federation, it’s no surprise local companies are looking to work out year-end deals with landlords trying to fill leftover space.

66. Gill Seeks $25 Million Permit For New MAA Headquarters -

6815 U.S. 72

Germantown, TN 38138

Permit Amount: $25 million

Future Tenant: MAA

67. Last Word: The Long Count, Bigger Than Boutiques and God's View of the NBA -

It's Veterans Day with the annual Downtown parade starting at 10 a.m. Friday and a wreath-laying ceremony an hour later at the Doughboy Statue in Overton Park.

The long local vote count since Tuesday is still underway as Thursday becomes Friday. It should wrap up Friday with the provisional ballot count completed.

68. First Tennessee Consolidating Real Estate -

First Tennessee Bank is renovating and restructuring three of its Memphis properties in a project totaling upwards of $62 million.

69. Pinnacle Financial to Anchor Boyle’s Building -

Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.

70. Pinnacle Financial Anchor Tenant in Boyle's New Office Building -

Pinnacle Financial Partners will be an anchor tenant in Boyle Investment Co.’s long-awaited office building in Ridgeway Center.

71. Bank Building Set To Become Boutique Hotel -

158 Madison Ave.
Memphis, TN 38103

Sale Amount: $1.1 million

Sale Date: June 13, 2016

Buyer: Wessman Holdings

72. Boutique Hotel Planned For Downtown Bank Building -

The former Leader Federal headquarters will be converted into a boutique hotel.

Wessman Holdings, an out-of-town group, purchased the property at 158 Madison Ave. from 158 Madison LLC for $1.1 million, according to a June 13 warranty deed. The five-floor building was built in 1961 and bears more than 62,000 square feet.

73. Memphis MSA Industrial Sector Has A Strong First Quarter After Record 2015 -

The Memphis MSA industrial sector had a strong first quarter after a record-breaking year in 2015.

Last year saw a record absorption rate of 8.4 million square feet, which is 2 million square feet higher than 2006’s pre-recession levels.

74. Bridging a Divide -

The Mid-South is united by more than the Mississippi River, but that’s what it took to get the region’s mayors in the same room.

In the aftermath of the 2011 Mississippi River flood, damage stretched from Millington’s naval base to Memphis’ Beale Street. Leaders of the affected municipalities had to come together to apply for FEMA grants and plot their way out of devastation.

75. Moving Dirt -

The Memphis development community is looking inward and upward to increase density in the urban core. New construction is happening across all four commercial real estate sectors, with long-anticipated projects like Trader Joe’s and the redevelopment of Central Station finally coming to fruition. Construction and operating costs continue to be a challenge as new projects hit the top of their class to command higher rents.

76. Airport-Area Industrial Sells for $1.2 Million -

1525 Three Place, 3365-3378 One Place
Memphis, TN 38116

Sale Amount: $1.2 million

Buyer: Gregory Realty

Seller: One Place Associates

77. Airport-Area Industrial Sells for $1.2 Million -

A local investor has purchased four industrial buildings near Memphis International Airport. Gregory Realty bought 1525 Three Place and 3365-3378 One Place, totaling 85,631 square feet, from One Place Associates for $1.2 million.

78. Work Begins On Brewery Development -

502 Tennessee St.
Memphis, TN 38103

Permit Amount: $4.5 million

Application Date: Feb. 18, 2016

Tenant: Brewery Master Tenant LLC

Architect: LRK Architects

Contractor: Montgomery Martin Contractors

79. Israeli Firm Purchases Industrial Park for $13M -

Faropoint Investments, an Israel-based real estate firm, has purchased the Outland Business Center for $13 million, now its largest holding in the area.

On Feb. 11, Faropoint closed on the Southeast Memphis park, which includes five industrial buildings totaling more than 400,000 square feet at Outland Center Drive and Burbank Road.

80. Orleans at Walnut Grove Sells for $29.2 Million -

317 Royal Chartres Square E.
Cordova, TN 38018

Sale Amount: $29.2 million

Sale Date: Feb. 4, 2016

Buyer: PC Orleans LLC

81. Israeli-Based Firm Purchases Industrial Park for $13M -

Faropoint Investments, an Israel-based real estate firm, has purchased the Outland Business Center for $13 million, now its largest holding in the area.

On Feb. 11, Faropoint closed on the Southeast Memphis park, which includes five industrial buildings totaling more than 400,000 square feet at Outland Center Drive and Burbank Road.

82. New Numbers: Memphis Industrial Market Breaks Records -

The Memphis industrial sector had a banner year in 2015. According to year-end data from Cushman & Wakefield/Commercial Advisors, last year’s absorption level came in at 8.4 million square feet, 2 million square feet higher than 2006’s pre-recession levels and a record for the market.

83. Wheel Distributor WSD Comes to Memphis -

Wheel and tire distributor WSD Inc. has signed a 25,386-square-foot lease in the Outland Business Park. The lease at 4995 Outland Center Drive, suite 107, commenced on Jan. 1.

84. Belz Sells Linden Camilla Towers for $14.4 Million -

256 S. Camilla Street
Memphis, TN 38104

Sale Amount: $14.4 million

Sale Date: Dec. 6, 2015

85. International Real Estate Firms Find Purchase Potential in Memphis -

International investors and developers are increasingly looking to Memphis because the market is stable and the returns are high, according to a variety of real estate professionals doing business locally.

86. Wheel Distributor WSD Comes to Memphis -

Wheel and tire distributor WSD Inc. has signed a 25,386-square-foot lease in the Outland Business Park. The lease at 4995 Outland Center Drive, suite 107, commenced on Jan. 1.

87. Collierville Assisted Living Facility Sells for $17 Million -

601 Wolf River Blvd.
Collierville, TN 38017

Sale Amount: $17 million

Sale Date: Dec. 29, 2015

88. Pilot Distribution Center Sells for $11.9 Million -

The 605,000-square-foot Pilot Distribution Center in Southeast Memphis has sold for $11.9 million.

Sealy Strategic Equity Partners LP, working as Sealy Pilot LLC, purchased the industrial warehouse at 4221 Pilot Drive from Pilot Distribution Center Inc. on Dec. 22, according to a warranty deed.

89. Pilot Distribution Center Sells for $11.9 Million -

The 605,000-square-foot Pilot Distribution Center in Southeast Memphis has sold for $11.9 million.

Sealy Strategic Equity Partners LP, working as Sealy Pilot LLC, purchased the industrial warehouse at 4221 Pilot Drive from Pilot Distribution Center Inc. on Dec. 22, according to a warranty deed.

90. Memphis, North Mississippi Competition Raises Questions -

When leaders of the city-county Economic Development Growth Engine didn’t grant developers a $24 million tax abatement to build an industrial park on the site of the former Mall of Memphis, some saw it as more kindling for competition between the industrial markets of North Mississippi and Southeast Shelby County.

91. Trinity Ridge Business Center Sells for $16M -

7730, 7740, 7750, 7760, 7866 Trinity Road
Cordova, TN 38018
Sale Amount: $16 million

92. Tanger Southaven Expected To Drive More DeSoto County Retail -

At its grand opening Nov. 20, Tanger Outlets Southaven mall will finally see light after years of development.

The project, which initially was developed by Memphis-based Poag Shopping Centers and shelved during the recession, was revived thanks to a relationship with national group Tanger Factory Outlet Centers Inc. and several public partnerships with DeSoto County and the state of Mississippi.

93. Toshiba Warehouse Sold For $7.7 Million -

Toshiba America Inc.’s Hickory Hill home has changed hands for $7.7 million.

Delaware-based Net Magan Property Owner One LP sold the 207,472-square-foot industrial property at 5400 Distriplex Farms Drive to national real estate investment group Sealy & Company.

94. Toshiba Warehouse Sold For $7.7 Million -

Toshiba America Inc.’s Hickory Hill home has changed hands for $7.7 million.

Delaware-based Net Magan Property Owner One LP sold the 207,472-square-foot industrial property at 5400 Distriplex Farms Drive to national real estate investment group Sealy & Company.

95. Toshiba Warehouse Sold For $7.7 Million -

Toshiba America Inc.’s Hickory Hill home has changed hands for $7.7 million.

Delaware-based Net Magan Property Owner One LP sold the 207,472-square-foot industrial property at 5400 Distriplex Farms Drive to national real estate investment group Sealy & Company.

96. Belz Sells Champion Hills Office Building for $7.8M -

3725 Champion Hills Drive
Memphis, TN 38125
Sale Amount: $7.8 million

Sale Date: Oct. 8, 2015
Buyer: Champion Hills Realty Holdings LLC
Seller: Belz Investco GP
Loan Amount: $5.5 million
Loan Date: Oct. 5, 2015
Lender: C-III Commercial Mortgage LLC
Details: Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

97. Belz Sells Office Building Near Windyke for $7.8M -

Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

In an Oct. 8 warranty deed, Belz Investco GP sold the four-story office building at 3725 Champion Hills Drive for $7.8 million to Faropoint Ventures LLC acting as Champion Hills Realty Holdings LLC.

98. Belz Sells Office Building Near Windyke for $7.8 Million -

Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

In an Oct. 8 warranty deed, Belz Investco GP sold the four-story office building at 3725 Champion Hills Drive for $7.8 million to Faropoint Ventures LLC acting as Champion Hills Realty Holdings LLC.

99. NAI Saig Leases Last Space at Nonconnah Corporate -

Nonconnah Corporate Center’s industrial space is now 100 percent leased thanks to a 26,865-square-foot deal.

NAI Saig Co., which has handled industrial leasing at the property since July 2011, said the new deal with Mar Cor Purification Inc. pushed the 350,000-square-foot park to full occupancy.

100. NAI Saig Leases Last Space At Nonconnah Corporate -

Nonconnah Corporate Center’s industrial space is now 100 percent leased thanks to a 26,865-square-foot deal.

NAI Saig Co., which has handled industrial leasing at the property since July 2011, said the new deal with Mar Cor Purification Inc. pushed the 350,000-square-foot park to full occupancy.