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Editorial Results (free)

1. Mall of Memphis Property Bought by Trucking Company -

113-Acre Former
Mall of Memphis Site
Sale Amount: $3.9 million

Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.

2. iBank Tower Sells for $19.2 Million -

The iBank Tower, located at 5050 Poplar Ave., has sold for $19.2 million, and for the first time, the same owner controls both the iBank Tower and the nearby Clark Tower at 5100 Poplar Ave.

3. Crestview Collection Makes New HQ in Oakhaven -

4300 Concorde Road
Memphis, TN 38118

Sale Amount: $6.9 million

Sale Date: Dec. 15

Buyer: CLI Inc.

Seller: Lester McMahan Partnership

Loan Amount: $6 million

4. Federal Agency Moving to Brinkley Plaza -

A federal agency is moving to the Brinkley Plaza office building Downtown in the first quarter of 2016.

The Memphis field office of the United States Citizenship and Immigration Services will be taking up the seventh floor in the Downtown Class B building.

5. Makowsky Ringel Greenberg Buys 8 Acres Near Broad Avenue -

The bids have been opened. Memphis-based multifamily housing manager and developer Makowsky Ringel Greenberg won the eight acres of vacant Sam Cooper right-of-way announced for sale early last month.

6. St. Jude Files $10 Million Construction Permit -

650 St. Jude Place
Memphis, TN 38105

Permit Amount: $10 million

Application Date: Nov. 24, 2015

Owner: St. Jude Children’s Research Hospital

Tenant: St. Jude Children’s Research Hospital

7. LEDIC Signs Lease For New Memphis HQ -

LEDIC’s new headquarters is official.

The Memphis-based manager, owner and developer of multifamily properties around the country has signed a long-term lease at 555 Perkins Extended, according to a Tuesday, Nov. 24, announcement from CB Richard Ellis Memphis.

8. Ikea Hires Memphis Contractor, Reaffirms Opening Date -

Ikea has made it official, again, and has hired a Memphis contractor to handle the heavy lifting.

Linkous Construction Co. will serve as construction manager for Ikea’s Memphis project, which is set for a groundbreaking next month and a fall 2016 opening.

9. LEDIC Signs Lease For New Memphis HQ -

LEDIC’s new headquarters is official.

The Memphis-based manager, owner and developer of multifamily properties around the country has signed a long-term lease at 555 Perkins Extended, according to a Tuesday, Nov. 24, announcement from CB Richard Ellis Memphis.

10. Ikea Hires Memphis Contractor, Reaffirms Opening Date -

Ikea has made it official, again, and has hired a Memphis contractor to handle the heavy lifting.

Linkous Construction Co. will serve as construction manager for Ikea’s Memphis project, which is set for a groundbreaking next month and a fall 2016 opening.

11. TVA Begins Work On Memphis Natural Gas Plant -

2480 HENNINGTON AVE
Memphis, TN 38109

Permit Amount: $5 million; $1.4 million

Application Date: Nov. 17

Owner: Tennessee Valley Authority

Tenant: Tennessee Valley Authority

12. My HQ Initiative Aims to Boost Downtown Memphis Office Market -

For years, the Downtown Memphis office market has been the same story: Bank A, law firm B and accounting firm C left for East Memphis. The newest buildings are now half-empty as firms, big and small, make their exodus.

13. Crosstown Developer: Complicated Projects Can Be Transformative -

The Memphis-area commercial real estate market continues to trend upward, industry leaders say. All asset classes are trending toward pre-Recession levels, and Memphis is taking on more complicated projects like the Crosstown Concourse redevelopment.

14. Multifamily Investments Hold Steady in 2015 -

The numbers continue at a relatively steady pace, but signals are there that the multifamily market in Shelby County is on its way to pre-recession levels.

Year to date, there have been 105 multifamily sales in Shelby County, according to Chandler Reports, chandlerreports.com. That’s less than the 115 sales through Oct. 21, 2014, but well above the 87 sales over the same period in 2013.

15. Retail Market Boosted by Groceries, Small Business -

The third quarter of 2015 was a busy one for the retail sector with a lot of activity derived from grocery stores and small businesses.

Fundamentals are trending favorably with the total vacancy rate down to 12.6 percent compared to 12.9 percent in second quarter 2015. Net absorption rose from 134,251 square feet in second quarter to 160,229 square feet in the most recent quarter, and the rental rate increased from $8.62 to $8.72 per square foot, according to CB Richard Ellis Memphis data.

16. Office, Industrial Real Estate Enjoy Strong Third Quarter -

Memphis’ industrial and office sectors are seeing healthy activity, and some areas are experiencing record fundamentals.

At the Crescent Center building in East Memphis, prices per square foot have reached $30.50, a level that hasn’t been seen before in the Memphis market.

17. Mix It Up -

Memphis’ development eye is turning inward and upward as mixed-use projects are becoming more common than ever before.

Usually a mode of survival for densely packed cities, residential, office, retail and even manufacturing are cohabitating in single mixed-use buildings or lots as a way to recoup Memphis’ sprawl. Downtown and Midtown are being combed for infill and adaptive reuse possibilities as millennials are moving to the urban core in droves.

18. 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.

19. Huge Memphis Industrial Lease Caps Busy Q3 -

The largest lease of the year has gone to a Fortune 500 Company.

TJX Cos., the parent company of T.J. Maxx, Homegoods and Marshalls, signed on with 800,000 square feet at Memphis Oaks III in Southeast Memphis.

20. Developer Long on Downtown Memphis, Short on Specifics -

Three Downtown properties are now owned by an Atlanta-based affiliate of an Australian real estate investment and development company, which is giving little in the way of clues about its Memphis plans.

21. Memphis Retail Market Boosted by Groceries, Small Business -

The third quarter of 2015 was a busy one for the retail sector with a lot of activity derived from grocery stores and small businesses.

Fundamentals are trending favorably with the total vacancy rate down to 12.6 percent compared to 12.9 percent in second quarter 2015. Net absorption rose from 134,251 square feet in second quarter to 160,229 square feet in the most recent quarter, and the rental rate increased from $8.62 to $8.72 per square foot, according to CB Richard Ellis Memphis data.

22. McLean Wilson To Address Crosstown’s Resurgence -

Four years ago, the Sears Crosstown building started on a complete transformation into becoming a vertical urban village as Crosstown Concourse. It hasn’t been an easy journey for McLean Wilson, leader of the abandoned building’s $200 million redevelopment, but it’s one that has the potential to uplift other disinvested areas in Memphis commercial real estate.

23. 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.

24. 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.

25. 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.

26. City Divisions To Relocate As Memphis Trims Its Footprint -

The city of Memphis is trimming its footprint with plans to consolidate municipal departments in three buildings across the city.

The Donnelley J. Hill State Office Building in Civic Center Plaza soon will be home to several municipal organizations, including the Memphis Police Department, the division of Housing and Community Development and some human resources and law offices.

27. 'En Fuego' -

When Southaven Mayor Darren Musselwhite took office in June 2013, one of the first tasks that landed on his desk was a long-planned regional outlet mall.

The outlet mall, planned for a roughly 33-acre site at Church Road and Interstate 55 in the DeSoto County city, had been on the drawing board for some time, but the recession and its aftermath caused developers and Mississippi officials to put it on hold.

28. Build Out -

Boyle Investment Co. is building a 52,000-square-foot office building at its Schilling Farms community in Collierville in which Helena Chemical Co.’s Southern Business Unit will lease half of the space.

29. LRK Launches Expansion in Downtown Memphis -

Looney Ricks Kiss is embarking on an expansion of its Downtown Memphis headquarters.

The Memphis-based architecture, planning and design firm is expanding its office footprint by about 60 percent as part of a long-term lease extension at the Toyota Center building adjacent to AutoZone Park, 175 Toyota Plaza.

30. New Hotel Planned for Downtown Memphis -

Two Ohio-based development firms plan to build a new hotel on a vacant site in Downtown Memphis.

The Orlean Co. of Beachwood, Ohio, and Ceres Development LLC of Westlake, Ohio, plan on building a Cambria Suites on a 3.3-acre lot on the south side of Union across from Fourth Street, just west of Danny Thomas Boulevard.

31. Wonder Bread Bakery Under Contract -

The former Wonder Bread bakery at 400 Monroe Ave. could soon have a new owner.

The bakery, idled by a labor strike before being sold in 2013, is under contract to a potential buyer, according to a commercial real estate broker.

32. TruGreen Selects East Memphis for New Headquarters -

TruGreen is moving more than 300 Memphis-area employees and its corporate headquarters to a 65,000-square-foot space at the Forum II office building in East Memphis, the company announced Friday.

The new headquarters, which will eventually house up to 400 of TruGreen’s corporate associates, will be part of the three-building Forum Office Complex, situated at the intersection of Kirby Parkway and Poplar Avenue.

33. Creative Class Boosting Downtown Memphis Office Market -

With the clock on its Downtown office sublease running, officials at Sullivan Branding began looking for a new home.

The Memphis-based marketing, advertising and public relations firm needed a dynamic environment, one that would appeal not just to clients but to existing and prospective employees.

34. Shops at Kirby Gate Sells for $3.4 Million -

A California-based investor has purchased the Shops at Kirby Gate in East Memphis for $3.4 million.

An affiliate of Los Angeles-based Westwood Financial Corp. acquired the shopping center at the northwest corner of Quince Road and Kirby Parkway from Shops at Kirby Gate LLC, according to public records.

35. Stringfellow Taking Memphis Back to the Basics -

Alex Stringfellow believes it’s time for Memphis to get back to basics.

As chairman of the Urban Land Institute’s Young Leaders division, he’s noticed at lecture events that questions from the audience always return to the same core subjects. This need for information, coupled with a perceived negative attitude among Memphians about the city’s issues, drove him to organize ULI Memphis’ May 4 event, “Getting Back to Basics: The Real Deal of Schools, Crime & Taxes.”

36. New Lease Pushes Atrium I Building Near 100 Percent -

A Memphis law firm has inked a new lease at a prominent East Memphis building, pushing the office property toward total occupancy.

The Miles Mason Family Law Group PLC has inked a lease for 2,700 square feet in the Atrium I building at 6800 Poplar Ave.

37. Pinnacle Awards Honor Commercial Real Estate Standouts -

The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.

38. Holding On -

The national outlook for traditional enclosed malls is bleak. No new enclosed mall has been built in the U.S. since 2006. More than 24 have closed since 2010, and an additional 60 are teetering on the edge, according to data from Green Street Advisors. Around 15 percent of malls nationwide are expected to close in the next decade.

39. MRG Enjoys Flurry of Leasing Activity -

Memphis-based Makowsky Ringel Greenberg LLC is reporting leasing activity at its retail, office and industrial properties.

40. Housing Crash Sends Beeson Into Commercial Real Estate -

Jacque Beeson entered the world of real estate when she was 19-years-old, working as an assistant to a homebuilder developing subdivisions. She stayed in the residential sector for 17 years, until the local housing market bottomed out in 2010.

41. Commercial Advisors Asset Services Sees Strong Growth -

Kemp Conrad joined the asset services team at Cushman & Wakefield/Commercial Advisors in 2007 after CB Richard Ellis acquired his former employer, Trammel Crow Co.

42. Real Estate Pros Upbeat -

After finally latching on to the broader national economic recovery in 2013, the Memphis-area commercial real estate market shook of the last vestiges of the Great Recession and roared back to life in 2014 with the office, retail, industrial and apartment sectors all producing solid gains.

43. Flexing Its Muscles, LA Fitness Eyes Third Store -

LA Fitness is eyeing a property in the heart of East Memphis for its third Memphis-area location.

The California-based fitness center chain is considering opening its third store in the Memphis market at 1285 Ridgeway Road, according to sources.

44. Raymond James Tower Fetches $20 Million -

How much is a 21-story skyscraper overlooking the Mississippi River worth? About $1 million a floor.

New York-based investor Jacob Sofer will pay Parkway Properties around $20 million for the Raymond James Tower at 50 N. Front St. Downtown, according to several people with knowledge of the transaction. The Shelby County Assessor of Property’s 2014 appraisal for the 340,000-square-foot building is $24 million.

45. Walter Awarded AAF Silver Medal -

Ronald A. Walter, president and general manager of WREG-TV, has been chosen to receive AAF Memphis’ 2015 Silver Medal, the highest form of individual recognition given by local chapters of the American Advertising Federation. The annual award, which honors an exceptional leader for a career of outstanding accomplishment and contribution in the industry, will be presented at AAF Memphis’ luncheon Jan. 29 at 11:30 a.m. at Memphis Botanic Garden.

46. Plans Emerge for Universal Life Building -

In major Downtown news, the on-again, off-again redevelopment of the Universal Life Insurance Co. building Downtown appears to be on.

47. Tanger Outlets Confirms Southaven Involvement -

Tanger Factory Outlet Centers Inc. has confirmed what The Daily News first reported in December: It will play a key role in the development of a massive outlet mall in Southaven.

48. Memphis Industrial Market Rebounds in 2014 -

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

49. Grassroots Growth -

In 2007, Greg Spillyards was part of a team at CB Richard Ellis Memphis tasked with reviving the dog-eared Bellbrook Industrial Park.

The project struck close to Spillyards’ heart.

Born in Pine Bluff Ark., and raised in Memphis, Spillyards originally entered the world of commercial real estate to help transform communities from the ground up, the kind of effort that restoring Bellbrook would take.

50. Conn’s Inc. to Open Second Store in Memphis -

Specialty retailer Conn’s Inc. will open a second store in Memphis, the second of possibly three stores the Texas-based home appliances and furnishings chain plans to open in Tennessee.

51. New Industrial Market Takes Hold in Marshall, Fayette Counties -

In November, Volvo began operations at its new parts distribution center in Marshall County, Miss.

The 1 million-square-foot distribution center inside Panattoni Development Co.’s Gateway Global Logistics Center is the centerpiece of the company’s streamlined North American parts distribution network and helped solidify the Marshall County and Fayette County, Tenn., region as a major player in local industrial real estate.

52. Target Bringing 400-Job Project to Memphis -

Memphis is poised to land hundreds of new jobs and retain several hundred more. Target will seek incentives from Memphis and Shelby County as early as next week for an online fulfillment center that will create over 400 new jobs.

53. Sources: Target to Seek Incentives for Memphis Project -

Target will seek incentives from Memphis and Shelby County as early as next week for an industrial project that could create up to 600 jobs, according to multiple sources.

The Minneapolis-based retail giant has explored sites in DeSoto County and Memphis for a distribution center and is in the process of finalizing a lease for the 900,000-square-foot building at 5461 Davidson Road in Southeast Memphis. In addition to the 600 jobs, Target is expected to make significant capital improvements to the property, which was formerly occupied by Hamilton Beach.

54. Anixter Moving Memphis Distribution Operations -

A leading supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components is relocating to a new Memphis distribution center.

Anixter International Inc., which is based in the Chicago area, has leased 100,000 square feet at 4001 Hickory Hill Road inside Memphis Distribution Center. Anixter will be relocating from 4580 S. Mendenhall Road, where DDN is expanding.

55. ’Tis the Season -

After the recession struck, desperate retailers competing for a shrinking amount of shopping dollars and market share began tinkering with time-tested holiday marketing strategies.

Good prices, great values, unique offerings and convenience no longer were enough to boost retail sales.

56. Boyle Sees Opportunity in East Memphis -

Memphis-based Boyle Investment Co. hopes to break ground next year on a new office building at its Ridgeway Center complex near Poplar Avenue and Shady Grove Road, according to company officials.

57. Target Eyeing Memphis Area for Distribution Center -

Target is eyeing the Memphis area for an industrial project that could create up to 600 jobs, according to multiple sources.

The Minneapolis-based retail giant is considering sites in DeSoto County and Memphis for a distribution center and could soon seek incentives from Memphis and Shelby County, the sources said.

58. Hillwood to Launch Two Spec Buildings in DeSoto County -

A Texas-based development firm will start turning dirt soon on a massive new business park in DeSoto County.

Hillwood Investment Properties is expected to begin site work in around 30 days on Legacy Park, a 266-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

59. Real Estate Rally -

Commercial real estate can offer insight into the strength of the local economy. Through the office, retail, industrial and apartment developments that mark the region the economy at work in the real world can be seen.

60. Germantown Collection Sells for $13 Million -

Germantown Collection, a 55,373-square-foot retail center at 7820 Poplar Ave., sold for $13 million on Oct. 3 to Germantown Collection Property LLC, an entity affiliated with Wicker Park Capital Management LLC and Bayer Properties LLC.

61. Germantown Collection Sells for $13 Million -

Germantown Collection, a 55,373-square-foot retail center at 7820 Poplar Ave., sold for $13 million on Oct. 3 to Germantown Collection Property LLC, an entity affiliated with Wicker Park Capital Management LLC and Bayer Properties LLC.

62. Olive Branch Business Park Closer to Development -

A Texas-based development firm could start turning dirt soon on a massive new business park in Olive Branch.

Hillwood Investment Properties is expected to close on a land purchase next week that will clear the way for Legacy Park, a 265-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

63. Pain Treatment Center to Open Second Locale -

Comprehensive Pain Specialists, a national player in the field of medical pain treatment centers from Nashville, has signed a lease for 4,713 square feet in Healthcare Realty Trust’s building at 8000 Wolf River Blvd.

64. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

65. Hot Yoga Plus Expands in Memphis -

Hot Yoga Plus, a Nashville-based Yoga concept, is opening a second Memphis area location.

Hot Yoga Plus, founded by Memphian Susannah Herring, has signed a 2,015-square-foot lease at 9037 Poplar Ave. in Germantown. The new store is expected to open this fall and follows the original Memphis location in Laurelwood.

66. Changing Landscape -

A “high-end” grocery store chain not currently serving the Memphis market has leased the shuttered former Kroger store at 9050 U.S. 64 in Lakeland and should open in the spring, according to a Lakeland official.

67. Steffner Adds SIOR Role to Real Estate Resume -

Since Joe Steffner opened his own commercial real estate firm 10 years ago, the industry veteran has had a front row seat to some wild changes in the industry.

He experienced everything from the boom days of the early- and mid-2000s to the depths of the recession and its crushing aftermath as the decade ended.

68. Memphis Multifamily Sector on Firm Ground -

It was 2008 and Memphis-based Makowsky Ringel Greenberg had just acquired a swath of property inside Boyle Investment Co.’s master planned Schilling Farms community in Collierville for a new multifamily development.

69. Source: Horizon Under Contract To Be Purchased -

The Horizon, an uncompleted 16-story residential tower overlooking the Mississippi River on the southern end of Downtown, could change hands soon.

A yet-to-be-identified buyer is under contract to purchase the tower, according to sources familiar with the effort.

70. CBRE Picked to Manage Lenox Park Buildings -

CB Richard Ellis Memphis has been selected by Highbrook Investment Management to manage four buildings in the Lenox Park office complex, located at Tenn. 385 near Kirby Road.

The four 100,000-square-foot buildings are part of the seven that comprise the largest collection of Class A office space in Memphis. CBRE Memphis began management of buildings C, D, E and F on May 1. Since Highbrook purchased the four buildings in 2012, more than 50,000 square feet has been leased to companies including C.H. Robinson, W.M. Barr, Verso Paper and Metro PCS.

71. Developer Tries Again for Highland McDonald’s -

The developer behind a proposed McDonald’s on Highland Avenue near the University of Memphis is making another attempt at the project.

According to the most current site plan, the 5,353-square-foot restaurant building is situated along the sidewalk on Highland and a looping drive-thru proposed earlier has been replaced with one that runs along the eastern side of the building.

72. CBRE Picked to Manage Lenox Park Buildings -

CB Richard Ellis Memphis has been selected by Highbrook Investment Management to manage four buildings in the Lenox Park office complex, located at Tenn. 385 near Kirby Road.

The four 100,000-square-foot buildings are part of the seven that comprise the largest collection of Class A office space in Memphis. CBRE Memphis began management of buildings C, D, E and F on May 1. Since Highbrook purchased the four buildings in 2012, more than 50,000 square feet has been leased to companies including C.H. Robinson, W.M. Barr, Verso Paper and Metro PCS.

73. City Mulls Plan to Buy Former State Building -

It would be cheaper and more efficient for the city of Memphis to lease and then buy the vacant Donnelley J. Hill state office building across Main Street from Memphis City Hall than to continue leasing multiple properties spread across town, consultants and city officials told City Council members Tuesday.

74. Contractors See Bright Days Ahead -

After slogging their way through the deepest economic slump in more than 60 years, Memphis area contractors say the near future looks much brighter than the dark days of the recession and its immediate aftermath.

75. Music Lounge to Open in Edge District -

The Edge District near Downtown lost a theater but is gaining a new live music lounge in August.

The Dizzy Bird, named after legendary Jazz greats John “Dizzy” Gillespie and Charlie “Bird” Parker, is slated to open Aug. 2 at 652 Marshall Ave.

76. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

77. Green Mountain Consulting Finds Home Along Poplar -

Logistics vendor Green Mountain Consulting wasn’t necessarily looking to buy an office building when it began its search for more office space for expansion.

“We’re not getting into the commercial real estate business because we wanted to be in it; we got into it because we have a company to operate and needed the space,” said Jim Jacobs, one of Green Mountain’s co-founders.

78. Asics America to Expand Byhalia Footprint -

Asics is expanding its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park area by 342,144 square feet.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven. Asics hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

79. Asics America Expanding in Byhalia -

Asics America Corp. is expanding its footprint in Byhalia, Miss.

The company is adding 342,144 square feet to its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park.

80. ‘Significant Headwinds’ -

When Gov. Bill Haslam joined local economic development and civic officials at FedExForum in January to announce that Conduit Global would open a call center in Shelby County that would employ 1,000 people over the next three to five years, it provided a much-needed boost to the local office real estate sector.

81. Poplar Plaza to Undergo Renovation -

The venerable Poplar Plaza shopping center at Poplar Avenue and Highland Street near the University of Memphis is slated to undergo a second facelift.

Finard Properties LLC is expected to soon launch extensive exterior improvements to the massive retail center at Poplar and Highland, starting with a fresh coat of paint.

82. Problem Solvers -

Rick Smith is director of property management for Finard Properties, the commercial real estate firm that owns and manages properties such as the landmark Poplar Plaza shopping center at Poplar Avenue and Highland Street.

83. Pan Am Flight Academy Building Sold -

A private investment group has purchased the Pan Am International Flight Academy office building.

Valhalla Financial bought the Memphis property, which is occupied by Pan Am’s local flight academy, for $4.9 million from Road Bay Investments LLC, a subsidiary of The Allstate Corp.

84. Pan Am Flight Academy Building Sold -

A private investment group has purchased the Pan Am International Flight Academy office building.

Valhalla Financial bought the Memphis property, which is occupied by Pan Am's local flight academy, for $4.9 million from Road Bay Investments LLC, a subsidiary of The Allstate Corp.

85. FedEx Seeks Office Space as Needs Shift -

FedEx Corp. is currently looking for 25,000 square feet of office space in the Memphis market, according to several real estate brokers.

86. West Clinic Portfolio Sells for $12.1 Million -

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

87. West Clinic’s Midtown Locale Sells for $5.3 Million -

West Clinic’s cancer center at 1580 Union Ave. in Midtown has sold for $5.3 million, one of three centers in the area that sold recently.

88. Medical Makeover -

After suffering from years of benign neglect, a new, more invigorated Memphis Medical Center is finally beginning to take shape.

A drive or walk around the area these days shows the hallmarks of a changing landscape – bulldozers, backhoes, cranes and construction crews working feverishly to forge the new urban environment.

89. West Clinic Portfolio Sells for $12.1 Million -

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

90. Kyocera Inks ProLogis Park Lease Renewal -

ProLogis has landed a major renewal at one of its industrial parks.

Kyocera Document Solutions America Inc., which manufactures and markets network-ready digital copiers and printers, laser printers, color copiers and printers, digital laser facsimiles and multifunctional, wide-format imaging products, has renewed its lease for 300,000 square feet at 5510 Getwell Road in Memphis.

91. West Clinic Portfolio Sells for $12.1 Million -

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

92. CBRE Memphis Joins Energy Star Program -

CB Richard Ellis Memphis has joined a national energy-saving program that could help the environment and benefit the company’s bottom line.

CBRE Memphis joined the U.S. Environmental Protection Agency’s Energy Star program as an Energy Star partner. Through the voluntary partnership, CBRE Memphis aims to help the environment and boost financial performance by improving the energy efficiency of properties it manages.

93. Trustmark Regional President Reflects on Future -

When yours is a bank that’s traditionally had a suburban footprint, moving inside the Interstate 240 loop to open a new regional headquarters is the kind of thing that makes a statement.

Trustmark’s newly opened regional headquarters, at 5350 Poplar Ave. in East Memphis, was an attempt to do just that. It came after Gene Henson, the bank’s Memphis region president, had been hunting for such a space for years – for pretty much the entirety of his time in Memphis, actually.

94. Bourland Heflin to Expand, Renovate Poplar Home -

A Memphis law firm is expanding its East Memphis office and improving public areas for clients and visitors.

Bourland Heflin Alvarez Minor & Matthews PLC renewed and expanded its lease in the 5400 Poplar Ave. office building.

95. Volvo Group’s Byhalia Facility to Employ 250 -

The Volvo Group will build a massive new distribution center in Byhalia, Miss., that should employ around 250 people.

The 1 million-square-foot distribution center will support the company’s Mack, Volvo and UD truck brands, as well as Volvo Construction Equipment and Volvo Penta. 

96. CBRE Memphis Joins Energy Star Program -

CB Richard Ellis Memphis has joined a national energy-saving program that could help the environment and benefit the company’s bottom line.

CBRE Memphis joined the U.S. Environmental Protection Agency’s Energy Star program as an Energy Star partner. Through the voluntary partnership, CBRE Memphis aims to help the environment and boost financial performance by improving the energy efficiency of properties it manages.

97. Area Industrial Market Poised for Solid Year -

All signs are pointing toward a strong year for the Memphis-area industrial market.

The Memphis market closed the first quarter with 897,829 square feet of absorption and the total vacancy rate for the Memphis market – 10.8 percent - is the lowest the market has experienced in 14 years, according to CB Richard Ellis Memphis.

98. Vote of Confidence -

After experiencing a strong fourth quarter in 2013, confidence in the Memphis office market remains high so far this year.

First quarter leases signed outnumbered tenant move outs and the Memphis market ended the quarter with 54,989 square feet of absorption, according to CB Richard Ellis Memphis.

99. Eastgate Set for Possible Makeover -

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.

100. Trustmark Bank Opens Headquarters in East Memphis -

Trustmark Bank has officially opened its new regional headquarters location in East Memphis.

The regional headquarters opened at the 5350 Poplar Ave. office building, which has been renamed Trustmark Centre. The bank acquired naming rights as a part of the 12.5-year lease Trustmark Corp. signed in November.