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Editorial Results (free)

1. 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.

2. Wade: Shelby County’s New-Home Inventory Not Meeting Demand -

Jules Wade, principal broker with Coldwell Banker Collins-Maury, is happy with residential real estate prices in 2015.

Last year the average sales price of a Shelby County home rose 6 percent over 2014, and the average residential sales price matched the previous high of 2006.

3. Collaborative Aims to Enhance Memphis Medical District -

In 2016, the Memphis Medical Center will see $1.8 million in upgrades and enhancements aimed at creating a unified, livable district. That’s the annual budget for the newly established Medical District Collaborative, a nonprofit entity made up of the area’s stakeholders and executives.

4. 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.

5. 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

6. 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.

7. Patrick Accounting Moving HQ to East Memphis -

Patrick Accounting and Tax Services PLLC and Patrick Payroll LLC have purchased an East Memphis office building for their new headquarters.

8. Olymbec Compiling Airport-Area Office Park -

Olymbec USA LLC is gaining critical mass near Memphis International Airport with the planned purchase of a 133,600-square-foot office building at 2600 Nonconnah Blvd.

9. Patrick Accounting Moving HQ to East Memphis -

Patrick Accounting and Tax Services PLLC and Patrick Payroll LLC have purchased an East Memphis office building for their new headquarters.

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

601 Wolf River Blvd.
Collierville, TN 38017

Sale Amount: $17 million

Sale Date: Dec. 29, 2015

11. 7-Building Century Center Sells For $48.3 Million -

A light industrial business park in Northeast Memphis has sold for $48.3 million.

Boston-based Taurus Investment Holdings LLC acquired the seven-building Century Center Business Park on Dec. 30 from GID Investment Advisers, which had owned it for a decade. Miami-based Holliday Fenoglio Fowler LP marketed the park on behalf of GID.

12. 7-Building Century Center Sells For $48.3 Million -

A light industrial business park in Northeast Memphis has sold for $48.3 million.

Boston-based Taurus Investment Holdings LLC acquired the seven-building Century Center Business Park on Dec. 30 from GID Investment Advisers, which had owned it for a decade. Miami-based Holliday Fenoglio Fowler LP marketed the park on behalf of GID.

13. Speak Creative to Break Ground on New HQ -

Speak Creative will break ground Jan. 5 on its new East Memphis headquarters at 1648 W. Massey Road.

14. 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.

15. 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

16. Speak Creative to Break Ground on New HQ -

Speak Creative will break ground Jan. 5 on its new East Memphis headquarters at 1648 W. Massey Road.

17. Collison Joins Kemmons Wilson Insurance -

Eric Collison has joined Kemmons Wilson Insurance Group as insurance sales manager. In his new role, Collison’s duties will include development and mentoring of the current and new sales force, marketing campaigns and initiatives, developing and fostering carrier relationships, and identifying new profitable areas for growth within the agency.

18. Holiday Inn Express Ready To Rise Near Graceland -

3411 Elvis Presley Blvd.
Memphis, TN 38116

Loan Amount: $4.8 million

19. Avison Young to Open Memphis Office -

A new commercial real estate services firm has come to town.

Toronto, Canada-based Avison Young has hired principals Shane Soefker, who previously was an executive vice president and principal at Cushman & Wakefield/Commercial Advisors, and Jacob Biddle, who served as vice president at C&W/CA.

20. Jeff Johnson Leases Midtown Restaurant Space -

Jeff Johnson, the restaurateur behind Local, Oshi Burger Bar and Agave Maria, is bringing a new concept to a Midtown restaurant space.

Jeff Johnson Restaurant Group last month signed a 2,212-square-foot lease at 1545 Overton Park Ave. The property most recently housed the Evergreen Grill. Carson Claybrook, vice president of Cushman & Wakefield/Commercial Advisors, represented the tenant.

21. Jeff Johnson Leases Midtown Restaurant Space -

Jeff Johnson, the restaurateur behind Local, Oshi Burger Bar and Agave Maria, is bringing a new concept to a Midtown restaurant space.

Jeff Johnson Restaurant Group last month signed a 2,212-square-foot lease at 1545 Overton Park Ave. The property most recently housed the Evergreen Grill. Carson Claybrook, vice president of Cushman & Wakefield/Commercial Advisors, represented the tenant.

22. Avison Young to Open Memphis Office -

A new commercial real estate services firm has come to town.

Toronto, Canada-based Avison Young has hired principals Shane Soefker, who previously was an executive vice president and principal at Cushman & Wakefield/Commercial Advisors, and Jacob Biddle, who served as vice president at C&W/CA.

23. 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

24. Memphis Distributor Doubles HQ, Signs New Lease -

DYK Automotive, a national aftermarket automobile parts and accessories distributor, will nearly double its current 150,000-square-foot headquarters at 4500 Malone Road.

25. BPI Packaging Buys 291K Warehouse in Olive Branch -

BPI Packaging LLC has expanded its footprint with the purchase of a 291,000-square-foot building in Olive Branch, Miss.

26. BPI Packaging Buys 291K Warehouse in Olive Branch -

BPI Packaging LLC has expanded its footprint with the purchase of a 291,000-square-foot building in Olive Branch, Miss.

27. Memphis Distributor Doubles HQ, Signs New Lease -

DYK Automotive, a national aftermarket automobile parts and accessories distributor, will nearly double its current 150,000-square-foot headquarters at 4500 Malone Road.

28. Medical Center Event Highlights New Vision -

Micro changes are making way for a new identity for the Memphis Medical District.

On Friday, Nov. 6, food trucks, live music and art installations came together at Health Sciences Park for a rare community-wide event.

29. 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.

30. 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.

31. 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.

32. 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.

33. Boyle Buys Vining Sparks HQ For $16.3M -

776 Ridge Lake Boulevard
Memphis, TN 38120

Sale Amount: $16.3 million

Sale Date: Oct. 15

34. 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.

35. Holmes Road Warehouse Gets $5M Expansion -

Panattoni Development Co. has filed a $5 million building permit for interior alterations to the Memphis Oaks III warehouse.

36. Bolding is Only Tennessean to Teach at 2015 NeighborWorks Institute -

Tim Bolding, executive director of United Housing Inc., is the only Tennessean selected to teach at NeighborWorks America’s 2015 NeighborWorks Training Institute. Bolding has taught coursework at the training institutes, which focus on providing high-quality training to nonprofit housing professionals, for more than 10 years.

37. Mercedes-Benz Hires Heath Elliott as Sales Manager -

Heath Elliott has joined Mercedes-Benz of Collierville as general sales manager. In his new role, Elliott will manage the sales of all new and pre-owned cars sold at the dealership, which opened in 2014.

38. Andrew and Michael Are Coming to The Chisca -

Chefs Michael Hudman and Andrew Ticer are stepping out of Brookhaven Circle for the first time to expand their restaurant interests, with a new concept – their fourth – planned for Carlisle Corp.’s The Chisca on Main.

39. 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.

40. 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.

41. Freelance, Remote Work Part of New Office Reality -

In its 2015 list of the top 100 companies to watch for remote jobs, FlexJobs looked at the job-posting histories of more than 30,000 companies last year. The report, released in January, revealed a 26 percent increase in the number of remote jobs posted, hinting that the option to work from home is becoming more widely accepted in the broader economy.

42. Brookhaven Boom -

Downtown has the South Main Historic Arts District and the Main Street core. Midtown has Cooper-Young, Overton Square and the Broad Avenue Arts District, among others.

In East Memphis, defining a proper restaurant and entertainment district might seem to be more difficult, but in fact it’s existed all along on Brookhaven Circle. It’s just taken a few new restaurant openings to bring the neighborhood into full focus.

43. Onyx Equities Expands Operations to Memphis -

A New Jersey-based real estate investment, management and development firm has added a Memphis office to accommodate its growing management portfolio of real estate owned (REO) and receivership properties.

44. Onyx Equities Expands Operations to Memphis -

A New Jersey-based real estate investment, management and development firm has added a Memphis office to accommodate its growing management portfolio of real estate owned (REO) and receivership properties.

45. Crosstown Concourse Taps Retail Leasing Agent -

Crosstown Concourse has added another member to its growing team: The Shopping Center Group LLC will be the exclusive retail leasing agent for the massive project.

46. Crosstown Concourse Taps Retail Leasing Agent -

Crosstown Concourse has added another member to its growing team: The Shopping Center Group LLC will be the exclusive retail leasing agent for the massive project.

47. Earnings Season Roundup -

International Paper Reports Q2 Earnings Growth: International Paper reports its second-quarter net earnings grew while net sales for the quarter decreased slightly.

The Memphis-based company, which released its quarterly financial results Wednesday, July 29, said second-quarter earnings totaled $227 million, or 54 cents per share. That’s up from $161 million, or 37 cents per share, in second quarter 2014, but down from $313 million, or 74 cents per share, in first quarter 2015.

48. '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.

49. MAA Reports Surging Profits -

Mid-America Apartment Communities Inc. reported a banner second quarter highlighted by surging profits.

50. ‘Play Together’ -

The Memphis Medical Center is a hotbed of nationally renowned research and health care, but after dark the area might as well be dead.

Despite a workforce of 16,000 and a student base of 8,000, there are limited residential facilities and only a handful of nearby restaurants. But that’s all poised to change thanks to a partnership with an outside consulting group.

51. Dayco Opens Memphis Distribution Center -

Dayco, a leading engine products and drive systems supplier for the automotive, industrial and aftermarket industries, has opened its new Memphis distribution center.

The 400,000-square-foot facility, located at 3530 E. Raines Road, will employ 200 people.

52. Speakers Set For Inaugural TEDxMemphis Event -

A few weeks from now, Memphians will have a chance to hear from Kimbal Musk, the brother of billionaire Tesla founder Elon Musk, about his plans for the restaurant and garden concepts he’s bringing to Memphis.

53. Camy’s To Relocate In Midtown -

Camy’s, the Midtown delivery and carry-out institution, will relocate soon.

Camy Archer, founder and owner of Camy’s, will move the business from 3 S. Barksdale to 2886 Walnut Grove Road, which is near the Union Avenue viaduct and was most recently occupied by the Love Shack.

54. Dayco Opens Memphis Distribution Center -

Dayco, a leading engine products and drive systems supplier for the automotive, industrial and aftermarket industries, has opened its new Memphis distribution center.

The 400,000-square-foot facility, located at 3530 E. Raines Road, will employ 200 people.

55. Clark Tower to Get $6 Million in Capital Improvements -

The venerable Clark Tower is getting an infusion of cash for capital improvements.

In-Rel Properties, which owns the East Memphis skyscraper, has executed an agreement with the building’s lender paving the way for a $6 million capital improvement project that will begin immediately.

56. Madeline Patterson Joins Burson Campaigns -

Madeline Patterson has joined the Memphis office of Burson Campaigns, the corporate issues management unit of Burson-Marsteller, as a vice president. In her new role, Patterson will work with Burson clients on issues and crisis management, communications strategy, and integrated marketing and communications campaigns.

57. Fino’s Taking a Bite Out of East Memphis -

The Brookhaven Circle area, an emerging restaurant row in the heart of East Memphis, is welcoming a new neighbor.

Jerry Wilson, owner of Fino’s from the Hill at 1853 Madison Ave. in Midtown, has acquired the property at 703 W. Brookhaven Circle in East Memphis for $526,600.

58. Commercial Advisors Lands Crosstown Concourse Duties -

Cushman & Wakefield/Commercial Advisors has been tapped to handle property management and office leasing at the Crosstown Concourse development.

Under redevelopment now, the 1 million-square-foot Crosstown Concourse building will include 65,000 square feet of retail space on the first floor, 620,000 square feet of commercial/office space on floors two through six, and 270 apartments on floors seven through 10.

59. Commercial Advisors Lands Crosstown Concourse Duties -

Cushman & Wakefield/Commercial Advisors has been tapped to handle property management and office leasing at the Crosstown Concourse development.

Under redevelopment now, the 1 million-square-foot Crosstown Concourse building will include 65,000 square feet of retail space on the first floor, 620,000 square feet of commercial/office space on floors two through six, and 270 apartments on floors seven through 10.

60. Simmons Joins Cushman & Wakefield/Commercial Advisors -

Mary Leesa Simmons has joined Cushman & Wakefield/Commercial Advisors as vice president – senior asset manager. In her new role, Simmons provides all aspects of property management duties for the firm’s clients.
This includes financial administration, budgeting, reporting, lease administration, contract administration, tenant, client and vendor administration, capital improvements and property inspections.

61. OneJet Lands in Memphis, Thanks in Part to FedEx -

Mid-South business travelers now have an easy, efficient way to reach several large Midwestern markets.

OneJet, a startup airline catering to business travelers, launched its inaugural Memphis to Indianapolis flight on Monday, June 22.

62. MDH Buys Belz’s Memphis Industrial Portfolio -

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Atlanta-based MDH Partners LLC bought 22 industrial buildings in the Memphis area totaling more than 3.1 million square feet.

63. Dayco Wins Tax Break For Distribution Operations -

Michigan-based manufacturer Dayco Products Ltd. will consolidate its distribution operations in the Memphis area, but exactly where remains undecided.

“Due to the continued growth in demand for our products and increased product complexity over the past several years, we have committed to this significant capital investment in order to deliver increased value to our customers,” said Ed Rammel, president of the North American and Australian Aftermarket for Dayco, in a company statement.

64. Chism Opens Capital Advisors/Bellwether Enterprise's Memphis Office -

Jeremy Chism has joined Capital Advisors/Bellwether Enterprise as vice president to open the company’s Memphis commercial real estate loan production office. The firm provides financing solutions through a vast network of insurance companies, CMBS lenders and commercial lenders for commercial real estate.

65. MDH Partners Buys Belz's Memphis Industrial Portfolio -

An Atlanta-based firm has acquired a large industrial portfolio from Belz Enterprises.

Atlanta-based MDH Partners LLC bought 22 industrial buildings in the Memphis area totaling more than 3.1 million square feet.

66. MAA Outgrowing Its East Memphis Headquarters -

MAA has tapped Cushman & Wakefield/Commercial Advisors to explore its long-term corporate office needs.

The apartment-focused real estate investment trust says internal growth and the 2013 acquisition of Colonial Properties Trust means space at its East Memphis headquarters is getting tight.

67. One-Day TEDx Event Coming to Memphis -

Memphis is getting a local version of the global TED conference that’s known for talks given by engaging, often celebrity speakers.

The global TED banner – TED being an acronym for technology, entertainment, design – has an offshoot called TEDx that was created so independent organizers can set up their own “TED-like” events in communities around the world and deliver comparable experiences. That TEDx event is coming to Memphis Aug. 29 at the University of Memphis Rose Theater, 3795 Central Ave.

68. Connexion Point to Hire Nearly 400 in Memphis -

A technology-driven health care services company is opening a Memphis office that will employ nearly 400 people over the next few months.

Connexion Point, a Salt Lake City, Utah-based company that represents large insurance companies, will open a contact center at Nonconnah Corporate Center in Southwest Memphis.

69. Stein World Finds New Home -

Stein World has found a new home. The furniture distributor, which played a pivotal role in Cummins Inc.’s decision to expand locally, has inked a lease for 330,870 square feet at 5321 Shelby Drive.

70. Sutton Joins Dixon Hughes Goodman -

Giles Sutton recently joined Dixon Hughes Goodman LLP as a partner in the firm’s tax practice, where he will focus on issues pertaining to state and local tax.
Sutton, an established attorney and certified public accountant, brings more than 25 years of business tax experience, with a focus on state and local tax issues within the food and beverage, health care, transportation and energy industries.

71. DTZ, Cushman Merger to Have Little Local Impact -

The proposed merger of DTZ and Cushman & Wakefield should have “very little impact” on Memphis-based Cushman & Wakefield/Commercial Advisors, according to a high-ranking company official.

72. DTZ, Cushman Merger to Have Little Local Impact -

The proposed merger of DTZ and Cushman & Wakefield should have “very little impact” on Memphis-based Cushman & Wakefield/Commercial Advisors, according to a high-ranking company official.

73. Opportunities for ‘B’ Buildings in ‘A’ Markets -

Perched on floor 31 of the iconic Clark Tower office building in East Memphis, immigration attorney Eric Henton offers clients from around the Southeastern U.S. an incredible view of Memphis.

“The first thing my clients generally notice when they walk into my office is how beautiful, calm and green Memphis looks from above,” Henton said. “In many cases, my clients have never been up so high and it is fun to watch their reaction.”

74. Rodgers Takes Reins at Collierville Chamber -

Kanette Keough-Rodgers recently took over as president/CEO of the Collierville Chamber of Commerce after the chamber’s transition team selected her from more than 170 candidates.

In her new role, Rodgers is responsible for retaining and expanding chamber membership by ensuring members receive relevant, responsive and timely services, initiatives, programs and events. She is also responsible for forging and sustaining relationships with community, government and educational institutions.

75. US Factory Orders Rise in March for First Time in 8 Months -

WASHINGTON (AP) – Orders to U.S. factories rose in March for the first time since last July, breaking a long stretch of weakness in manufacturing.

Orders increased 2.1 percent following seven monthly declines, the Commerce Department reported Monday. And in further good news, orders in a key category that tracks business investment plans eked out a 0.1 percent rise. It was the first advance in this category since last August.

76. Rieger Begins Work at Memphis Chamber -

Tom Rieger recently joined the Greater Memphis Chamber as senior vice president of member development, a role in which he will oversee major fundraising activities, conduct membership drive campaigns and implement revenue enhancement opportunities.

77. Office, Industrial Real Estate Rebounds in First Quarter -

In a sure sign that the local economy is in rebound mode, the Memphis-area commercial real estate market is heating up with the industrial and office sectors producing strong gains.

Fueled by strong demand and tightening of available space, rental rates for Class A space in East Memphis, the city’s primary business district, are approaching pre-recession levels, according to a new report.

78. Events -

JETS Memphis (Jet & Engine Trading Society) will host its second annual evening reception Wednesday, April 22, from 6 p.m. to 8 p.m. at the Memphis Rock ‘n’ Soul Museum, 191 Beale St. The commercial aviation business and networking event will include heavy hors d’oeuveres, drinks, and rock and soul music. Visit team.aero/jetsmemphis to RSVP.

79. Bristol on Union, Crowne Plaza Poised For Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

80. Bristol on Union, Crowne Plaza Memphis Poised for Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

81. 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.

82. Workforce Group Elects Downtown for Office -

The Greater Memphis Alliance for a Competitive Workforce has found a headquarters location Downtown, leasing 2,967 square feet at the One Commerce Square office tower.

The alliance aims to produce a united regional workforce development system by generating extensive workforce data, creating a pipeline of ready-to-work employees, crafting career roadmaps for workers and students and helping meet the near-term employment needs of local employers.

83. Daily News Names Managing Editor -

Jane A. Donahoe has joined The Daily News Publishing Co. as managing editor. In her new role, she oversees award-winning coverage of business and government news for both The Daily News and The Memphis News.

84. 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.

85. Memphis Industrial Portfolio Sells for $86.3 Million -

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $86.3 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

86. Memphis Industrial Portfolio Sells for $82.6 Million -

A Minnesota-based real estate investment trust has acquired a large Memphis industrial portfolio for $82.6 million, one of the largest transactions ever recorded in the Memphis market.

Welsh Property Trust acquired the six-building, 2.3 million-square-foot portfolio from DCT Industrial Trust in a sale that was finalized last week. Built between 1998 and 2001, the six buildings are located in the Eastpark, Chickasaw and Southpoint Industrial Parks. The purchase price breaks down to about $37 per square foot.

87. Boyle Unveils New Office Building Design -

Boyle Investment Co. is offering the first glimpse of the new office building the company is planning near Poplar Avenue and Shady Grove Road.

88. 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.

89. 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.

90. 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.

91. Crone Promoted at Trane Mid-South -

Jim Crone has been promoted to comprehensive solutions business development manager with Trane Mid-South. In his new role, Crone will work with large commercial, industrial and institutional customers throughout the Mid-South to develop performance-based comprehensive solutions for capital improvements and operational efficiencies.

92. Sprouts Opening Lakeland Store May 13 -

Sprouts Farmers Market, a fast-growing specialty grocery chain, has set an opening date for its first Memphis-area store.

Phoenix-based Sprouts, which replicate the look and feel of an indoor farmers market and specialize in fresh, organic and healthy food, will open a 28,000-square-foot store in a former Kroger at 9050 U.S. 64 in Lakeland on May 13.

93. Planned Downtown Hotel Features Urban Design -

A new rendering of a proposed LaQuinta Inn & Suites hotel at Union Avenue and Danny Thomas Boulevard Downtown shows a more urban design than a previous stock rendering sent to city and county planners.

94. 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.

95. 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.

96. 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.

97. Big Deals Highlight 2014 Real Estate -

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

98. Memphis Resolutions -

The end of the year hastens a season of resolutions about the year ahead, resolutions about what to include on the blank canvas of a new year.

No matter who you are, the road to 2015 starts at the same place – through the experience of 2014. With that in mind, we surveyed many of the people we’ve covered in these pages in the last year to talk about the possibilities ahead.

99. 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.

100. E-Commerce Shift Could Benefit Region -

The Target online distribution center slated to open in Memphis next year is not only a major jobs generator in an area desperate for them, it could signal the region’s arrival as an e-commerce-based distribution hub, according to real estate experts.