597 Beale St., Memphis, TN 38103: Gannett Co. Inc., The Commercial Appeal’s parent company, has sold 5 acres adjacent to the CA’s 495 Union Ave. location to a New York-based investment company that specializes in acquiring underperforming and underutilized locations from legacy newspapers.

2. Developer Buys Former Merle Norman Warehouse - Thursday, December 22, 2016

3670 S. Perkins Road

Memphis, TN 38118

Sale Amount: $1.3 million

Sale Date: December 2016

Buyer: Farnsworth Investment Co.

3. Developer Buys Former Merle Norman Warehouse - Saturday, December 17, 2016

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

4. Local Developer Buys Former Merle Norman Warehouse - Friday, December 16, 2016

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

5. 26 Industrial Properties Facing Foreclosure - Saturday, December 13, 2014

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

6. 26 Industrial Properties Facing Foreclosure - Friday, December 12, 2014

The company that purchased Farnsworth Investment Co.’s industrial portfolio in 2005 has defaulted on a $69 million loan, and now 26 of its properties are facing foreclosure, according to a first-run foreclosure notice in the Friday, Dec. 12, edition of The Daily News.

7. Kroger Buys Union Space for Expansion - Friday, September 14, 2012

Kroger has acquired the Belvedere Apartments in Midtown as part of a long-term project to reconfigure the grocery store’s antiquated and challenged layout.

Kroger Delta Division closed Wednesday, Sept. 12, on the 10-story apartment high-rise at 1733 Union Ave. from Belvedere Apartment Inc. The sale includes Belvedere’s attached and front parking areas.

8. Monroe Ave. Bldg. Sells For $3.3M - Friday, March 23, 2012

A fully leased Downtown office building has traded hands for more than twice its assessed value.

309 Monroe Property LLC purchased the 22,792-square-foot property at 309 Monroe Ave. for $3.3 million. The Shelby County Assessor of Property’s 2011 appraisal was $1.5 million.

9. 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

10. Memphis Defense Depot Slated for Sale - Monday, March 14, 2011

Memphis Defense Depot – the 4.2 million-square-foot industrial park and former Army base just north of Memphis International Airport – is back on the market.

Once sold, the property will return to the city and county tax base and deliver anticipated tax revenue of approximately $1 million annually, making it one of the more successful national Army base closures.

11. Memphis Defense Depot Slated for Sale - Friday, March 11, 2011

Memphis Defense Depot – the 4.2 million-square-foot industrial park and former Army base just north of Memphis International Airport – is back on the market.

Once sold, the property will return to the city and county tax base and deliver anticipated tax revenue of approximately $1 million annually, making it one of the more successful national Army base closures.

12. IDB Approves Dalphis Move to Airport Area - Friday, December 17, 2010

The same day local leaders celebrated the coming move of Electrolux to the Frank C. Pidgeon Industrial Park, members of the Memphis-Shelby County Industrial Development Board were reminded that there remains intense competition for jobs already in Memphis.

13. Net Magan, Others Sued for Breach of Contract - Thursday, August 9, 2007

The parties involved in a $78 million real estate portfolio sale from 2005 now are going to court over what one group calls a breach of contract.

Distriplex Investors LLC has filed a $3.5 million breach of contract complaint in Shelby County Chancery Court against Net Magan Land GP One LLC, Net Magan Land Mezz LLC and Joseph Mizrachi, according to The Daily News Online, www.memphisdailynews.com.

14. PharMEDium Expected to Create Up to 250 Jobs In First Five Years - Friday, July 13, 2007

Illinois-based pharmacy compounding company PharMEDium Healthcare Corp. has closed on nine acres of property in the Distriplex Farms industrial park south of Holmes Road and is moving ahead with plans to create a compounding facility in Memphis.

15. Archived Article - Tuesday, June 26, 2007

5539 Elvis Presley Blvd.
Memphis, TN 38116
Sale Amount: $3.1 million

Sale Date: June 8, 2007

Buyer: ArciTerra DG Memphis TN LLC

16. Sitting Pretty - Thursday, June 21, 2007

For anyone who can't see how important FedEx is to Memphis' economy, Wyatt Aiken, senior vice president of Commercial Advisors LLC, paints the following picture:

"If Memphis wasn't a great distribution hub, FedEx wouldn't be here," he said, "and if FedEx wasn't here, we'd be Little Rock."

17. PharMEDium Buys LandFor Memphis Facility - Wednesday, June 20, 2007
     PharMEDium Healthcare Corp. is moving ahead with plans to create a Memphis compounding facility with the purchase of nine acres in Distriplex Farms industrial park. The company bought the land from Net Magan Land Owner O

18. Distriplex Property Part of Farnsworth Sale - Tuesday, September 13, 2005

5400 Distriplex Farms Drive
Memphis, TN 38141
Cost: $10.2 million

Buyer: Net Magan Property Owner One LP

19. Farnsworth Investment Founder Looks to Future - Tuesday, September 6, 2005

Farnsworth Investment Co.'s recent sale of its entire 28-building industrial portfolio signals a new beginning for the longstanding Memphis industrial real estate company.

The sale included just under 2 million square feet of industrial space and 169 acres of undeveloped land. But the company is not all that will experience change as a result of the deal. Company founder Tommy Farnsworth Jr. is scaling back his involvement in the industry after a 40-year real estate career.

20. Farnsworth SellsIndustrial Properties - Tuesday, August 30, 2005
Net Magan LLC has purchased more than 30 industrial buildings and vacant parcels from Farnsworth Investment Co. for $78 million, according to deeds filed with the Shelby County Register of Deeds office through Aug. 26. The properties include a parcel

21. Archived Article: Lead - Monday, February 21, 2005
Industrial Market Looks for Improvement

Industrial Market Perks Up for 2005

Prospects seeking property in Shelby, DeSoto counties

LANCE ALLAN

The Daily News

Month after month, quarter after quarter saw the same story in the local indu...

22. Archived Article: Lead - Wednesday, January 12, 2005
Businesses Deal with Property Reappraisals

Business Owners Brace for Reappraisal

Higher appraisals mean higher taxes for commercial tenants

LANCE ALLAN

The Daily News

Among the estimated 300,000 parcels of property examined for the up...

23. Archived Article: Lead - Friday, November 19, 2004
Industrial Market Update

Industrial Market Sees Signs of Strength

Local property sales rise, leasing remains strong

LANCE ALLAN

The Daily News

Opinions have varied during this election year of whether or not the economy is on an upswi...

24. Archived Article: Standout - Friday, September 24, 2004
Tommy Farnsworth standout

Farnsworth Balances Service on Several Fronts

LANCE ALLAN

The Daily News

When the phone call came, Tommy Farnsworth III did the only thing that seemed natural he took it.

On the line was Kirk Bailey, presiden...

25. Archived Article: Newsmakers - Wednesday, September 15, 2004
Beverly Bond was appointed vice president of Rhodes Colleges newly formed division of external programs

Crye-Leike Hires New Corporate Counsel

Sabrena Clinton was named corporate counsel for Crye-Leike Realtors. Clinton previously was a civil ...

26. Archived Article: Real Focus - Tuesday, August 26, 2003
By Keri Holt

New council gives voice to commercial practitioners

By KERI HOLT

The Daily News

With more than 3,600 members in the Memphis Area Association of Realtors, its 200 commercial brokers can easily get lost in the mass of resident...

27. Archived Article: Real Focus - Tuesday, March 25, 2003
Industrial real estate market further hampered by war

Industrial real estate market further hampered by war

By STACEY WIEDOWER

The Daily News

With companies hesitant to make major operating decisions in a national climate characterized b...

28. Archived Article: Real Review - Tuesday, January 7, 2003
Pinnacle Awards

MAAR accepting Pinnacle applications

The Memphis Area Association of Realtors is accepting applications for its second annual Pinnacle Awards.

Pinnacle Awards are given yearly to the highest producing commercial real estate ...

29. Archived Article: Real Review - Tuesday, February 19, 2002
Home prices above norm, NAR says Home prices above norm, NAR says Median existing-home prices are increasing in most metropolitan areas and typically are increasing well above historic norms, according to the latest quarterly survey by National Asso...

30. Archived Article: Park Correction - Friday, January 18, 2002
Correction: Wednesday the Daily News reported that Memphis-based Farnsworth Investment Co Correction: Wednesday the Daily News reported that Memphis-based Farnsworth Investment Co. deeded 27 acres of land in southeast Shelby County to the Shelby Cou...

31. Archived Article: Comm Briefs - Friday, January 18, 2002
Beginner Spanish classes for adults start Jan Beginner Spanish classes for adults start Jan. 28 at the East Memphis YMCA, 5959 Park Ave. Classes, which run through April 14, are from 5:30 p.m. to 7:30 p.m. Monday, at a cost of $130 for members and $...

32. Archived Article: Sccb (lead) - Wednesday, January 16, 2002
Farnsworth donates land to county for park Farnsworth donates land to county for park By JENNIFER MURLEY The Daily News A neighborly gesture by a local real estate development and investment company toward area homeowners in the form of a public par...

33. Archived Article: Southwind P.2 - Tuesday, July 25, 2000
Southwind, Distriplex Southwind, Distriplex properties change hands Laureate Capital Corp., a subsidiary of Resource Bancshares Mortgage Group, Inc., recently arranged permanent financing in the amount of $17.9 million for three Memphis properties t...

34. Archived Article: Graphic ($1mill) - Tuesday, May 30, 2000
Million-dollar babies Million-dollar babies April was not as prolific for construction of new projects valued at more than $1 million as April 1999, but several large projects were started during the month. A new $2.8 million athletic facility for B...

35. Archived Article: Real Review - Tuesday, April 18, 2000
Chicago computer company Chicago computer company establishes Memphis presence Image Technology Solutions Inc. has leased 34,000 square feet in Southeast Memphis. The Chicago-based computer repair and information technology services company is movin...

36. Archived Article: Law Focus - Thursday, November 18, 1999
By LAURIE JOHNSON Board approves park agreement, carriage ride proposal By LAURIE JOHNSON The Daily News An agreement to develop a master plan for a new southeast Memphis park and a proposal for wagon and carriage rides in Orgill Park were among ite...

37. Archived Article: Cons Lead - Thursday, October 21, 1999
By LAURIE JOHNSON Farnsworth, county agree to develop park By LAURIE JOHNSON The Daily News For the past several years, tightening county budgets have made it increasingly difficult for the Shelby County Conservation Board to secure funds for develo...

38. Archived Article: Industrial St - Tuesday, October 19, 1999
By SUZANNE THOMPSON Industrial starts rise during third quarter While values down year-to-date, e-commerce growth fuels building, leasing of warehouse space By SUZANNE THOMPSON The Daily News The value of building permits issued for industrial and c...

39. Archived Article: Industrial St - Friday, July 23, 1999
By SUZANNE THOMPSON Second quarter industrial starts mirror 1998 activity By SUZANNE THOMPSON The Daily News The number of industrial building permits filed during the second quarter increased slightly over the number of permits filed in the same pe...

40. Archived Article: Gov't Lead - Friday, May 7, 1999
County commissioners will consider two proposals related to the development of a nearly 300-acre industrial park in Southeast Shelby County Developer seeks changes in industrial park plan By KATHLEEN BURT The Daily News County commissioners will con...

41. Archived Article: 4q Warehouse - Thursday, February 18, 1999
The warehouse and industrial construction market is alive and well in Shelby County Industrial growth strong, incentives are concern By KATHLEEN BURT The Daily News The warehouse and industrial construction market is alive and well in Shelby County....

42. Archived Article: Scit (lead) - Tuesday, June 23, 1998
By LAURIE JOHNSON Security Capital starts large-user warehouse By LAURIE JOHNSON The Daily News Security Capital Industrial Trust has started constructing a 500,000-square-foot speculative distribution facility at 5461 Davidson Road in Southeast Mem...

43. Archived Article: Ameriserve - Monday, May 11, 1998
Ameriserve Food Distribution Dallas food distribution company buys vacant land in Memphis By CAMILLE H. GAMBLE The Daily News Dallas-based AmeriServe Food Distribution Inc. has purchased vacant land in Memphis on Shelby View Drive near Raleigh-LaGra...

44. Archived Article: Warehouse - Thursday, April 23, 1998
By CAMILLE H Warehouse construction steady in first quarter Most major area developers have projects underway or planned By CAMILLE H. GAMBLE The Daily News Warehouse construction in the first quarter remained steady in Shelby County with seven perm...

45. Archived Article: Resourcenet Chg - Thursday, October 9, 1997
Construction has started on a 45,600 square foot addition to ResourceNet ResourceNet doubles space at Airport Industrial Park By CAMILLE H. GAMBLE The Daily News Farnsworth Investment Co. has borrowed $2.7 million from Deposit Guaranty National Bank...

46. Archived Article: Memos - Wednesday, September 4, 1996
Susan Harris is the new regional coordinator for behavioral health services for the eastern Arkansas region for Charter Lakeside Behavioral Health System. Harris has a masters degree from Arkansas State University and was a senior rehabilitation cou...

47. Archived Article: Ccim Lj - Thursday, June 6, 1996
lj 10/5 cates Distribution development looks good for 1996 By LAURIE JOHNSON The Daily News With development in the first five months of 1996 already standing at 75 percent of 1995s total, the Memphis warehouse and distribution facility market is ex...

48. Archived Article: Farnsworth Chg - Tuesday, May 21, 1996
By CAMILLE H. GAMBLE Farnsworth breaks ground on 15th building at Distriplex Center FedEx to house city station in 90,000-square-foot warehouse By CAMILLE H. GAMBLE The Daily News Farnsworth Investment Co. recently broke ground on its 15th building ...