Editorial Results (free)
1.
Commercial Appeal, Amazon Eying New Locations -
Monday, August 6, 2018
262 Danny Thomas Place
Memphis, TN 38105
Permit Amount: $412 million
Project Cost: $330 million
2.
Memphis Army Depot, CA Building Get New Owners -
Monday, April 30, 2018
2028 Memphis Depot Pkwy.
Memphis, TN 38114
Sale Amount: $50 million
3.
Germantown Medical Office Sells for $16M -
Monday, September 18, 2017
1325 Wolf Park Drive, Germantown, TN 38138
Sale Amount: $15.9 million
Buyer: Global Medical REIT
4.
Southeast Memphis Portfolio Sells for $23.6 Million -
Thursday, October 13, 2016
Multiple Properties
Memphis, TN 38118
Sale Amount: $23.6 million
Sale Date: Sept. 27, 2016
5.
Enoble Business Capital Offices Sell in Foreclosure -
Thursday, September 8, 2016
813 Ridge Lake Blvd.
Memphis, TN 38120
Sale Amount: $9.6 million
Sale Date: Aug. 31, 2016
Buyer: Merchants Capital Real Estate LLC
6.
Nonconnah Center Sale Could Boost Market -
Friday, September 2, 2016
In what is sure to be one of the top commercial real estate transactions of the year, the majority of the 1.2 million-square-foot Nonconnah Corporate Center has sold. ReMark Trust, an out-of-town investment group, purchased the property for $57 million.
7.
Much of Nonconnah Park Sells for $57 Million -
Thursday, September 1, 2016
The majority of the Nonconnah Corporate Center has sold for $57 million.
New York-based Hampshire Properties, acting as Nonconnah Holdings LLC, sold the entirety of its portfolio at the Memphis International Airport-area office park.
8.
Snapshot: How Memphis-Based Public Companies are Faring -
Saturday, May 28, 2016
Acquisitions have been a common theme among many Memphis-based public companies the past few quarters. Here is a roundup of those transactions and other business highlights from each of the companies.
9.
Save-A-Lot to Anchor New Sam Cooper Shopping Center -
Tuesday, February 2, 2016
Southeast Corner of Sam Cooper
Boulevard and Tillman Street
Memphis, TN 38104
Tenant: Save-A-Lot
Size: 16,300 square feet
Tenant’s Agent: Frank Dyer, Loeb Realty Group
10.
ProLogis Sells 90M Square Feet of Property -
Saturday, January 30, 2016
ProLogis has unloaded nearly 90 million square feet of its industrial holdings in six separate deals.
ProLogis, working under a number of affiliated names, sold multiple properties – including two warehouses housing Cummins Inc.’s distributions operations – to Exeter Property Group, according to warranty deeds signed Dec. 29. They include:
11.
ProLogis Sells 90 Million Square Feet of Property -
Friday, January 29, 2016
ProLogis has unloaded nearly 90 million square feet of its industrial holdings in six separate deals.
ProLogis, working under a number of affiliated names, sold multiple properties – including two warehouses housing Cummins Inc.’s distributions operations – to Exeter Property Group, according to warranty deeds signed Dec. 29. They include:
12.
International Real Estate Firms Find Purchase Potential in Memphis -
Tuesday, January 26, 2016
International investors and developers are increasingly looking to Memphis because the market is stable and the returns are high, according to a variety of real estate professionals doing business locally.
13.
TVA Begins Work On Memphis Natural Gas Plant -
Tuesday, November 24, 2015
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
14.
Memphis Investment Professionals Preach Caution Amid Market Swings -
Tuesday, August 25, 2015
The 1,000-point drop at one point Monday, Aug. 24, in the Dow Jones Industrial Average – it ended the day down 588 points to close at an 18-month low – was a result of volatile trading that marked a stomach-churning start to the week for investors.
15.
$9.5 Million Permit Filed For Downtown Hotel -
Tuesday, August 11, 2015
310 Union Ave.
Memphis, TN 38103
Permit Cost: $9.5 million
Permit Date: Applied August 2015
16.
The Shops of Collierville Sells for $7.4 Million -
Saturday, August 8, 2015
Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.
17.
The Shops of Collierville Sells for $7.4 Million -
Friday, August 7, 2015
Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.
18.
MRG Enjoys Flurry of Leasing Activity -
Friday, March 6, 2015
Memphis-based Makowsky Ringel Greenberg LLC is reporting leasing activity at its retail, office and industrial properties.
19.
Makowsky Ringel Greenberg Still Going Strong -
Monday, November 17, 2014
In 2008, Memphis-based Makowsky Ringel Greenberg LLC acquired land inside the Schilling Farms community in Collierville for a new high-end apartment development.
20.
CWCapital Sheds Willow Lake Buildings -
Tuesday, October 28, 2014
3900, 4100 Willow Lake Blvd.
Memphis, TN 38118
Sale Amount: $1.9 million
21.
Willow Lake Sales Positive News For The Market -
Friday, October 24, 2014
The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.
For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.
22.
Willow Lake Building Sold for $1.9 million -
Thursday, October 23, 2014
Another building inside Willow Lake Business Park and Corporate Park in Hickory Hill has been sold for $1.9 million.
Willow Lake Business Park LLC acquired 3592 Willow Lake Blvd. from 198-6 Memphis Industrial Portfolio Holdings LLC, which is affiliated with Bethesda, Md.-based special servicer CWCapital Asset Management, according to an Oct. 13 warranty deed.
23.
Two Willow Lake Buildings Sold for $1.9 Million -
Tuesday, October 21, 2014
Two buildings inside Willow Lake Business Park and Corporate Park in Hickory Hill have been sold for $1.9 million.
Eagle Capital LLC acquired 3900 Willow Lake Blvd. and 4100 Willow Lake Blvd. from 198-6 Memphis Industrial Portfolio Holdings LLC, which is affiliated with Bethesda, Md.-based special servicer CWCapital Asset Management LLC, according to an Oct. 13 warranty deed.
24.
Shops of Wolflake Sells for $3.8 Million -
Tuesday, June 10, 2014
2965 N. Germantown Road
Bartlett, TN 38133
Sale Amount: $3.8 million
Sale Date: May 20, 2014
Buyer: Bartlett Interests LLC
Seller: Pref Wolflake Partners GP
Details: The Shops of Wolflake retail strip center at 2965 N. Germantown Road in Bartlett has sold for $3.8 million.
25.
Eastgate Set for Possible Makeover -
Friday, May 2, 2014
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.
26.
Georgian Woods Apartments Sell for $3.9 Million -
Tuesday, March 25, 2014
118 St. Agnes Drive
Memphis, TN 38112
Sale Amount: $3.9 million
Sale Date: March 14, 2014
Buyer: Georgian Woods Property Owner LLC
27.
Exeter Property Group Acquires Industrial Portfolio -
Tuesday, March 11, 2014
Exeter Property Group has acquired a 4.4 million-square-foot industrial portfolio – including four properties in Memphis – for $132 million.
Exeter recently acquired the properties located in Memphis, Nashville and Columbus, Ohio, from LNR Property LLC, a special servicer appointed to the portfolio upon its transfer from London-based Strategic Realty Advisors Ltd. in June 2013.
28.
Orpheum Files Permit For Performing Arts Center -
Tuesday, February 18, 2014
225 S. Main St.
Memphis, TN 38103
Permit Cost: $10.2 million
Project Cost: $14.5 million
29.
Industrial Portfolio Sells for $17 Million -
Monday, February 17, 2014
An affiliate of Boston-based Taurus Investment Holdings LLC has paid close to $17 million for a 650,000-square-foot industrial portfolio on South Mendenhall Road in Hickory Hill.
30.
Oakhaven Warehouse Sells for $1.2 Million -
Tuesday, January 7, 2014
4300 Air Trans Road
Memphis, TN 38118
Sale Amount: $1.2 million
Sale Date: Dec. 17, 2013
Buyer: Chob Realty LLC
Seller: Tenn Trans LLC
Loan Amount: $950,000
Loan Date: Dec. 19, 2013
Maturity Date: N/A
Lender: BankPlus
Details: The 109,626-square-foot warehouse at 4300 Air Trans Road in Oakhaven has traded hands for $1.2 million.
31.
Mid-South Food Bank Files $1.6 Million Loan -
Friday, January 3, 2014
Mid-South Food Bank has filed a $1.6 million on its newly acquired property at 3834 Knight Road in Oakhaven.
32.
Mid-South Food Bank Buys Oakhaven Warehouse -
Tuesday, December 3, 2013
3834 Knight Road
Memphis, TN 38118
Sale Amount: $3.6 million
Sale Date: Nov. 18, 2013
Buyer: The Mid-South Food Bank
Seller: 198-6 Memphis Industrial Portfolio Holdings LLC
Details: Mid-South Food Bank has paid $3.6 million for the 122,496-square-foot warehouse at 3834 Knight Road in Oakhaven.
33.
Mid-South Food Bank Buys Oakhaven Warehouse -
Wednesday, November 27, 2013
Mid-South Food Bank has paid $3.6 million for the 122,496-square-foot warehouse at 3834 Knight Road in Oakhaven.
34.
Embassy Suites Memphis Sells for $24.8 Million -
Tuesday, November 26, 2013
1022 S. Shady Grove Road
Memphis, TN 38119
Sale Amount: $24.8 million
Sale Date: Nov. 15, 2013
Buyer: 1022 South Shady Grove LLC
Seller: 1022 Shady Grove LLC
Loan Amount: $22.6 million
Loan Date: Nov. 15, 2013
Maturity Date: N/A
Lender: Great American Life Insurance Co.
Details: An affiliate of Chicago-based hotel asset manager Lodging Capital Partners LLC has paid $24.8 million for the Embassy Suites Memphis hotel at 1022 S. Shady Grove Road in East Memphis.
35.
Olymbec Acquires 13-Building Bellbrook -
Friday, November 15, 2013
Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.
36.
Apartment, Retail Markets Holding Steady -
Friday, November 1, 2013
The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.
Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.
37.
Four-Way Self Storage Facility Sells for $1.3 Million -
Tuesday, April 23, 2013
6780 Country Park Drive Memphis, TN 38134
Sale Amount: $1.3 million
Sale Date: April 9, 2013
38.
Realty Income Corp. Buys Herbalife Facility -
Tuesday, January 15, 2013
5025 Crumpler Road Memphis, TN 38141
Sale Amount: $16.6 million
39.
Owner Files $9.1 Million Loan on Hickory Hill Warehouse -
Thursday, January 10, 2013
An affiliate of Denver-based Industrial Income Trust has filed a $9.1 million loan on the 437,740-square-foot warehouse at 6380 Holmes Road in Hickory Hill.
40.
Hickory Hill Warehouse Sells for $15.7 Million -
Tuesday, December 11, 2012
6380 Holmes Road Memphis, TN 38141
Sale Amount: $15.7 million
Sale Date: Dec. 5, 2012
41.
Hickory Hill Warehouse Sells for $15.7 Million -
Monday, December 10, 2012
An affiliate of Denver-based Industrial Income Trust has paid $15.7 million for the 437,740-square-foot warehouse at 6380 Holmes Road in Hickory Hill.
42.
Lease Takes Appling Farms to Capacity -
Friday, September 28, 2012
A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.
43.
Panda to Build Restaurant On Winchester Outparcel -
Monday, September 3, 2012
7525 Winchester Road
Memphis, TN 38125
Permit Cost: $791,345
Project Cost: N/A
44.
Commercial Sales Drop 36 Percent -
Tuesday, August 28, 2012
Local commercial real estate sales in July posted a 36 percent decrease from the same period a year ago.
Shelby County saw 41 sales last month, down from 64 sales in July 2011, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.
45.
Denver REIT Buys Industrial Portfolio for $24M -
Wednesday, July 18, 2012
Denver-based Industrial Income Trust Inc. has bought an 890,000-square-foot industrial portfolio in Southeast Memphis from CRP Holdings B LP for $24.3 million. The purchase, recorded under the entity IIT Memphis IC LLC on the Shelby County Register of Deeds, includes various lots in Memphis Distribution Center.
46.
Hickory Hill Warehouse Sells for $1.3 Million -
Tuesday, July 17, 2012
5837 Distribution Drive
Memphis, TN 38141
Sale Amount: $1.3 million
Sale Date: July 11, 2012
47.
Former Mall Acreage to be Industrial Development -
Tuesday, April 24, 2012
Acreage on Former
Mall of Memphis Site
Sale Amount: $2.7 million
Sale Date: April 18, 2012
Buyer: Memphis Industrial Properties LLC
48.
Stonebridge Apartments Sells for $22 Million -
Tuesday, December 20, 2011
9135 U.S. 64 and 9225 U.S. 64
Memphis, TN 38016
Sale Amount: $21.9 million
Sale Date: Dec. 6, 2011
Buyer: AB Merion Stonebridge LLC
49.
Tubing Maker Doubles Space in Willow Lake -
Friday, December 16, 2011
A Memphis-based tubing supplier is renewing its lease and more than doubling its space in a distressed Hickory Hill industrial park.
Jacob Tubing LP – the U.S. subsidiary of European modular tubing manufacturer Jacob Soehne – has renewed its 10-year lease for 20,232 square feet and expanded into an additional 30,000 square feet at Willow Lake Business Park, 3948 Willow Lake Blvd., in the Southeast industrial submarket.
50.
Lender Buys Willow Lake for $26M -
Monday, October 17, 2011
Willow Lake Business Park and Corporate Park in Hickory Hill sold back to the lender for $26 million Friday, Oct. 14, on the Shelby County Courthouse steps following a foreclosure.
A single-purpose entity named 198-6 Memphis Industrial Portfolio Holdings LLC, which is related to U.S. Bank NA, bought the property from substitute trustee R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.
51.
IP Stays Fixed on Temple-Inland Pursuit -
Thursday, August 25, 2011
The chief financial officer of Memphis-based International Paper Co. said this week the company is still interested in buying competitor Temple-Inland of Austin, Texas.
52.
Philadelphia-Based Investor Buys Waterstone Landing Apartments -
Wednesday, March 24, 2010
The Memphis multifamily market remains attractive to Resource Real Estate Inc., which has bought its second apartment complex here.
53.
Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales -
Thursday, January 22, 2009
As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.
“The big storyline in ’08 was that lenders weren’t lending,” said Johnny Lamberson, senior vice president at CB Richard Ellis Memphis. “It put a real tightening on deals getting done. If deals weren’t highly leveraged, as the year went on it became harder and harder to get transactions closed because nobody was lending money.”
54.
Chicago Firm Buys Another Memphis Warehouse -
Tuesday, November 25, 2008
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
55.
Commercial Real Estate Tumbles -
Friday, August 22, 2008
After a prolonged and prosperous ride, commercial real estate stumbled in the past year with no signs of regaining its balance anytime soon.
Just 998 commercial sales were made in Shelby County from August 2007 through July 2008, down 17.6 percent from 1,211 sales during the previous 12-month period, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
56.
June Commercial Sales Down 31 Percent -
Thursday, July 31, 2008
New month, same story for Shelby County’s commercial real estate market.
Following a recent trend, June’s sales total was salvaged by a high-profile, high-dollar multifamily transaction that kept the commercial numbers afloat while other property types foundered.
57.
United Liquors Corp. Sells Parkway Village Warehouse -
Tuesday, July 8, 2008
4009 Air Park Cove
Memphis, TN 38118
Sale Amount: $1.5 Million
Sale Date: June 30, 2008
Buyer: TCD Co.
Seller: United Liquors Corp.
Loan Amount: $11.2 million
Loan Date: June 30, 2008
Maturity Date: June 10, 2013
Lender: Columbus Bank and Trust Co.
58.
$55M Transaction Lifts Commercial RE -
Wednesday, March 26, 2008
Shelby County's sluggish commercial real estate market got a boost when a portfolio that includes Cordova's Countrywood Crossing shopping center and Dick's Sporting Goods sold to an out-of-town real estate investor for $55.2 million.
59.
Airport-Area Industrial SitesPart of $56.6 Million Deal -
Thursday, April 19, 2007
Eighteen distribution buildings near Memphis International Airport have sold for more than $42 million as part of a 20-site, $56.6 million portfolio buyout.
Oak Brook, Ill.-based Inland 60.
Archived Article: Real Focus -
Tuesday, May 22, 2001
By JENNIFER MURLEY Out-of-towners find Memphis real estate enticing By JENNIFER MURLEY The Daily News Within the past three years, two out-of-town commercial real estate investment firms drawn to the growth and location of Memphis have acquired near...61.
Archived Article: Real Focus Lj -
Tuesday, January 23, 1996
lj 10/5 cates REIT returns increase in 1995 High performance anticipated to continue through 1996 By LAURIE JOHNSON The Daily News Real estate investment trusts, which proved a good investment strategy in 1995, are being touted as strong performers ...