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Editorial Results (free)

1. Southland Mall Sells In Foreclosure -

1215 E. Shelby Drive
Memphis, TN 38116
Sale Amount: $4.3 million

Sale Date: March 31, 2016
Buyer: 1215 East Shelby Drive Holdings LLC
Seller: Southland Mall Shopping Center LLC
Details: Southland Mall, Memphis’ first enclosed mall when it opened 50 years ago, has sold for $4.3 million in foreclosure.

2. Southland Mall Sells For $4.3M in Foreclosure -

Southland Mall, Memphis’ first enclosed mall when it opened 50 years ago, has sold for $4.3 million in foreclosure.

The Whitehaven mainstay was bought in a March 31 substitute trustee’s sale by an entity called 1215 East Shelby Drive Holdings LLC. The sale did not include the mall’s two anchor spaces – the Sears store on the west end and the shuttered Macy’s on the east end.

3. City Council Approves Colonial Conversion, Vintage Trolley Purchase -

One of two golf courses at Colonial Country Club would give way to houses under a planned development approved Tuesday, Jan. 19, by the Memphis City Council.

The council approved a development that would turn the north course at Colonial into either a mix of single-family homes, townhouses and cottages or a mix of housing for senior citizens.

4. 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.

5. Mall of Memphis Land Sold to Trucking Company -

The development company that wanted to build a speculative industrial park on the former Mall of Memphis site has sold the property instead.

Johnson Development Associates, Inc., acting as Memphis Industrial Properties, LLC, has unloaded the Mall of Memphis land in a Dec. 29 warranty deed.

6. 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.

7. Proposal Prompts Closer Look at Tax Breaks -

In recent years, the tax incentives used to bring economic development and jobs to Memphis have been a lightning rod.

The debate’s volume grew as it became apparent that Memphis was emerging from the national recession at a slower pace than other major cities as well as some parts of rural west Tennessee and north Mississippi.

8. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

9. REIT Buys Sears Properties in Sale-Leaseback -

In part of a major transaction to increase cash flow and make their retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

10. REIT Buys Sears Properties in Sale-Leaseback Transaction -

In part of a major transaction to increase cash flow and make its retail spaces more productive, Sears Holdings Corp. sold four Memphis properties to its newly formed public real estate investment trust, Seritage Growth Properties, for a combined $17.6 million.

11. Del-Nat Sells Warehouse, Newby’s Makes A Comeback -

Del-Nat Tire Co. has unloaded a 500,000-square-foot warehouse in Southwest Memphis.

Sunhill Holdings LLC acquired the warehouse at 2365 Texas Drive for $6 million from Del-Nat Realty.

12. Indmar Marine Engines Files Expansion Permit -

5400 Old Millington Road
Unincorporated Shelby County
Permit Cost: $2 million

13. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

14. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

15. Fair Expands One Source With New Broker, Listings -

For 15 years, One Source Commercial Inc. has been comprised of one agent: its founder, Rosemarie Fair.

16. Former Mall Acreage to be Industrial Development -

Acreage on Former
Mall of Memphis Site

Sale Amount: $2.7 million

Sale Date: April 18, 2012

Buyer: Memphis Industrial Properties LLC

17. Johnson Dev. Closes on Former Mall Property -

Johnson Development Associates Inc. has closed on its acquisition of more than 100 acres on the former Mall of Memphis site that the company plans to develop into an industrial park. South Carolina-based Johnson, working under the name Memphis Industrial Properties LLC, bought the property from Memphis Mall Holdings LLC for $2.7 million.

18. Cypress RE Fund Buys Perkins BYB Property -

Memphis-based realty investment fund Cypress Realty Holdings has bought Back Yard Burgers’ property at 436 Perkins Road Extended for $1.2 million.

19. Ohio-Based Company Buys Land Slated for Strayer University Campus -

7275 Appling Farms Parkway
Memphis, TN 38133
Sale Amount: $603,788

Sale Date: July 6, 2010
Buyer: Se Testa Memphis LLC
Seller: Belz Investment Co. LP

20. Cordova Retail Center Sells for $2.5 Million -

The Woodchase Center strip mall at 2075 N. Germantown Parkway in Cordova has sold for $2.5 million to MAM Realty Holdings of Memphis LLC. The sale closed July 1 and was recorded this week.

21. Midtown Target -

Two years ago this month, awed silence greeted real estate developer Tom Marsh as he clicked through slides and walked a neighborhood group through his team’s plan.

22. Commercial Real Estate Takes a Beating -

Commercial real estate suffered a sharp decline in May, with sales falling dramatically from the same month a year ago and the previous month.

Shelby County saw just 35 commercial sales in May, marking a 49 percent dropoff from 69 sales in May 2008 and a 35 percent dropoff from 54 sales in April, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

23. Former Cordova Applebee’s To Be Converted to IHOP -

1106 N. Germantown Parkway
Cordova, TN 38016
Sale Amount: $1.3 Million

Sale Date: April 2, 2009
Buyer: Hotcakes Cordova Venture LLC
Seller: Gourmet Systems Inc.
Loan Amount: $1.6 million
Loan Date: April 2, 2009
Maturity Date: Sept. 30, 2014
Lender: Branch Banking and Trust

24. World Overcomers Buys Hickory Ridge Mall Macy’s -

6001 Winchester Road
Memphis, TN 38115
Sale Amount: $1 Million

Sale Date: Feb. 26, 2009
Buyer: World Overcomers Outreach Ministries Inc.
Seller: Macy’s Retail Holdings Inc.

25. World Overcomers Buys Hickory Ridge Macy’s -

The World Overcomers Ministries Church Inc. has bought the former Macy’s department store at the Hickory Ridge Mall. The church, which already owned the main mall building, paid $1 million for the 212,282-square-foot store. Macy’s anchored the mall’s west side before a tornado damaged the property last year.

26. Circuit City to Close Two Memphis-Area Stores -

Circuit City Stores Inc. will close two of its four locations in the Memphis area as part of a nationwide downsizing effort, the company announced Monday.

27. $55M Transaction Lifts Commercial RE -

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.

28. Former Midtown Grocer Building Gets New Owner, Look -

A Midtown building once home to a well-known grocery store and then an antique shop is on the verge of yet another incarnation as its new owners prepare to give it a fresh look.

Memphis-based Lynch and Weddle Holdings GP, whose partners are Richard Lynch and Todd Weddle, Feb. 6 bought the decades-old strip center on the northeast corner of North McLean Boulevard and Madison Avenue for $600,000.

29. Archived Article -

2380 James Road
Memphis, TN 38127
Sale Amount: $4.9 million

Sale Date: May 1, 2007

Buyer: FPX Leasing II LLC

30. Saving Place -

Editor's Note: This is the fourth in The Daily News' five-part Retail Reinvented series about the past - and future - of the local shopping landscape.

Velma Bobo bought a MaggieMoo's Ice Cream and Treatery shop in Peabody Place Entertainment and Retail Center in 2005, turning it into one of the franchise's top-performing stores in the nation.

31. Lot of Potential -

Editor's note: This is the first in The Daily News' five-part Retail Reinvented series about the past - and future - of the local shopping landscape.

The former site of the iconic Mall of Memphis now lays open and empty, thanks to a demolition more than two years ago of the 1.2 million-square-foot retail center. But that might change within the next year or so as the mall site could begin to resemble the thriving retail center it once was.

32. Archived Article -

4540 and 4600 Pleasant Hill Road
Memphis, TN 38118
Sale Amount: $9.8 million

Sale Date: Nov. 1, 2006

33. Wolfchase Joe's Crab Shack Sold, But It's 'Business As Usual' -      A local Joe's Crab Shack is among 120 affected by a recently completed sell-off by Joe's parent company, Landry's Restaurants Inc. Landry's Seafood House-Memphis Inc. sold the Joe's at 7990 Horizon Center Blvd. for $2.5

34. Archived Article: Lead - By Andy Meek

Germantown Parkway Gets More Retail

Parkway Collection to resemble nearby center

ANDY MEEK

The Daily News

More retail options are getting set to open along Germantown Parkway, joining scores of shopping centers, stores an...

35. Archived Article: Real Recap - Lakeland Factory

Lakeland Outlet Mall Sells for $4 Million

Lakeland Factory

Outlet Mall

Cost: $4 million

Buyer: Lakeland Station LLC

Seller: Chelsea Memphis Holdings LLC

Property: The Lakeland Factory Outlet Mall, including an a...

36. Archived Article: Real Recap - Addresses on Union Avenue

Circuit Playhouse Buys Property for Theater, Offices

Addresses on Union Avenue

and South Cooper Street

Cost: $1.1 million

Buyer: Circuit Playhouse Inc.

Seller: Union Catfish Co. Ltd.

Property: Property ...

37. Archived Article: Real Focus - By JENNIFER MURLEY REITs gain credibility with S & P showing By JENNIFER MURLEY The Daily News Known as one of the more conservative investment vehicles, real estate investment trusts have continued to gain credibility in a volatile financial ma...

38. Archived Article: Real Review - Real Estate Review 10-05-99 Real Estate Review 10-05-99 Construction is underway on a 50,000-square-foot office building for Airborne Express at 3474 Winchester Road, according to Shelby County Construction Code Enforcement records. The $2.1 million...

39. Archived Article: Warranty Deeds - 7/15 jts warranty deeds Big property deals worth over $33 million in second quarter By JAMES SNYDER The Daily News The largest property sales in Shelby County totaled more than $33 million during the second quarter of 1996, with 12 deals filed in ex...