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Editorial Results (free)

1. $12.6M Building Permit For New Ballet Memphis HQ -

2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million

Owner: Ballet Memphis
Tenant: Ballet Memphis
Architect: Archimania
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

2. Faropoint Purchases Cordova Retail Center -

Israel-based Faropoint Investments has made its second Memphis purchase this year. The real estate investment firm, acting as Germantown Square Retail Co., bought a Cordova shopping center from NPK Cordova LLC for $9.7 million, according to an April 15 warranty deed.

3. Conn’s Acquires Site for Third Memphis-Area Location -

A Texas-based retailer has acquired a fully leased shopping center in Southaven and will build a new store on an outparcel of the existing retail center.

Conn’s Appliances Inc. acquired the Stateline Square Shopping Center at 550 Stateline Road in Southaven for $5 million from Brixmor Commercial Real Estate, which was doing business as NPK Southaven LLC.

4. Keystone Landing Complex Sells for $4.6 Million -

4266 Ridgestone Road
Memphis, TN 38128
Sale Amount: $4.6 million

Sale Date: Sept. 12, 2013
Buyer: Keystone Landing Apartments LLC
Seller: Ridgemont Investors LLC
Loan Amount: $3.5 million
Loan Date: Sept. 12, 2013
Maturity Date: N/A
Lender: Arbor Commercial Funding LLC
Details: The 150-unit Keystone Landing apartment complex at 4266 Ridgestone Road in Raleigh has sold for $4.6 million.

5. Cypress Realty Sells Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has sold the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova for $2 million.

6. Chicago Firm Buys Another Memphis Warehouse -

4219 Air Trans Road
Memphis, TN 38118
Sale Amount: $8.4 Million

Sale Date: Nov. 5, 2008
Buyer: Memphis Air Trans LP
Seller: TC Air-T Industrial LLC
Loan Amount: $6.7 million
Loan Date: Nov. 5, 2008
Maturity Date: N/A
Lender: Union Bank of California NA

7. Cypress Realty Buys Red Robin Ground Lease -

Memphis-based Cypress Realty Holdings Co. has paid $1.4 million for the ground lease of the Red Robin restaurant at 1231 N. Germantown Parkway in Cordova. The building sits on a 1.68-acre outparcel of the former Kmart at 1245 N. Germantown Parkway. That center was redeveloped into an America’s Incredible Pizza Co. and other stores by NPK Cordova LLC, which sold the ground lease to Cypress Realty Holdings.

8. Archived Article -

1245 Germantown Parkway
Cordova, TN 38016
Cost: $8 million

Buyer: NPK Cordova LLC

Seller: Kmart Corp.

9. Former Kmarts to Be Converted to Retail Centers -

7060 Winchester Road
Memphis, TN 38125
Cost: $8 million

Buyer: NPK Winchester LLC

Seller: Kmart Corp.

10. Former Kmart StoresSell for $16 Million - NPK Cordova LLC and NPK Winchester LLC have purchased two former Kmart stores from Kmart Corp. for $8 million each. The Cordova property includes a 150,368-square-foot building on 18.89 acres at 1245 Germantown Parkway. The Winchester property includ