Fresh off of the sale of Trustmark Centre, Faropoint Ventures has acquired two more substantial office assets.

The Israeli investment firm bought the Lipscomb & Pitts Building, 2670 Union Ave. Extended, and Poplar Towers, 6263 Poplar Ave., for a combined $19.3 million using capital from the Trustmark Centre sale. The purchase also includes the high-end restaurant Fleming’s, 6245 Poplar, and an AT&T store at 6267 Poplar, both outparcels to Poplar Towers.

2. Iconic E. Memphis Office Building Sells for $19.7M - Monday, November 6, 2017

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.

3. Faropoint Acquires Office Portfolio for $19.3M - Friday, November 3, 2017

Fresh off of the sale of the Trustmark Centre, Faropoint Ventures has acquired two more substantial office assets.

The Lipscomb Pitts Building, located at 2670 Union Ave. Ext.,  and Poplar Towers, located at 6263 Poplar Ave., were both purchased by the Israeli investment firm for $19.3 million using the capital they accrued from the aforementioned deal.

4. Pinnacle Awards Honor Commercial Real Estate Standouts - Monday, April 13, 2015

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.

5. Events - Saturday, May 4, 2013

In-Synk and The Daily News will host a Leadership Lunch & Learn about Nate Silver’s book “The Signal and The Noise: Why So Many Predictions Fail – But Some Don’t” Friday, May 3, from 11:45 a.m. to 1 p.m. in the Triumph Bank board room, 5699 Poplar Ave. Cost is $20. Register at lnlsignalnoise-rss.eventbrite.com.

6. DeNeuville Assists Women on Life’s Journey - Thursday, January 24, 2013

Last week we shared the success story of a high school student who overcame tremendous adversity to recently be awarded a $200,000 full-ride scholarship to Brown University. This week let us discuss an organization that is working to assist women of all backgrounds and cultures in learning the skills needed to make positive choices for themselves and their families: DeNeuville Learning Center.

7. Defense Depot Property Sells for $1.1 Million - Tuesday, October 4, 2011

2085 W.E. Freeman Drive
Memphis, TN 38114
Sale Amount: $1.1 million

Sale Date: Sept. 14, 2011

Buyer: Varma Family LP

8. Enclave Lots Sell for $1.4 Million - Monday, October 3, 2011

J. Terry Pitts, as trustee, has bought 12 lots in Enclave Planned Development from Atlanta-based CRM Central Properties LLC for $1.4 million. Pitts lists a Cordova address.

9. Events - Thursday, August 4, 2011

The Memphis and Shelby County Division of Planning and Development will hold an open house for those interested in developing brownfields along the Wolf River Thursday, Aug. 4, at 5:30 p.m. at Rhodes College, Frazier Jelke, auditorium C. For more information, contact Marion Jones at 576-7181 or marion.jones@memphistn.gov.

10. Events - Tuesday, March 8, 2011

The Greater Memphis Chamber will present a lunch and learn meeting Tuesday from 11:30 a.m. to 1 p.m. at First Tennessee, Ron Terry Center, 4385 Poplar Ave. Bridget DiCello will present the topic “High Impact Networking: Growing Your Business by Connecting Strategically.” For reservations, contact Nykesha Cole at 543-3519 or ncole@memphischamber.com.

11. Shelby Farms Ad Hoc Committee to Meet - Monday, October 30, 2006

Oct. 31

The Shelby County Board of Commissioners Ad Hoc Committee on Shelby Farms meets at 2 p.m. in the Commission's 4th floor committee room at the Shelby County Administration Building, 160 N. Main St. Call Steve Summerall at 545-4301 for more information.

12. Archived Article: Newsmakers - Wednesday, August 4, 2004
Tennessee Press Association elects vice president

Pitts Named Principal Owner at Pickering

Robert J. Pitts was named principal owner of Pickering Inc. Pitts is the companys civil engineering team leader. He received a bachelors degree from the...

13. Archived Article: Real Recap - Tuesday, June 15, 2004
Property in

Grant and Co. Refinances Camden Grove

1571 N. Houston Levee Road

Cordova, TN 38016

Cost: $17 million

Borrower: Camden Grove LLC

Lender: First Trust Bank for Savings

Trustee: Robert J. Pinstein

Property: Camden Gro...