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Editorial Results (free)

1. Memphis Speculative Industrial Building Will Be First in a Decade -

An Atlanta-based real estate development and acquisition company next month plans to start building Memphis’ first speculative industrial space in more than decade, the company announced Wednesday.

2. Piece by Piece: Construction Projects Flourishing Throughout Mid-South -

With $11 billion spread out among more than 300 active projects in the Memphis area, according to data from brokerage firm Cushman & Wakefield/Commercial Advisors, it’s safe to say business in the region is good.

3. Spikner Plans Shipping-Container Apartment Complex -

126 N Bellevue Blvd.,
Memphis, TN 38104 

Application Date: Dec. 20, 2017

4. Prologis Continues Selling Spree in Memphis -

San Francisco-based logistics real estate firm Prologis Inc. is continuing its selling streak in Memphis with the sale of four properties to Denver, Colorado-based Triumph Real Estate Corp. for a combined $11.3 million.

5. Prologis Continues Selling Spree in Memphis -

San Francisco-based logistics real estate firm Prologis Inc. is continuing its selling streak in Memphis with the sale of four properties to Denver, Colorado-based Triumph Real Estate Corp. for a combined $11.3 million.

6. Iconic E. Memphis Office Building Sells for $19.7M -

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.

7. Exeter Closes on Fifth Major Purchase in October -

Pennsylvania-based real estate investment management firm Exeter Property Group made its fifth significant local investment within a month with the $13.8 million purchase of a 400,000-square-foot industrial property in southeast Memphis.

8. Exeter Closes on Fifth Major Purchase in October -

Pennsylvania-based real estate investment management firm Exeter Property Group made its fifth significant local investment within a month with the $13.8 million purchase of a 400,000-square-foot industrial property in southeast Memphis.

9. Pennsylvania Investor Buys More Memphis Property -

Exeter Property Group has made its second significant splash in the Memphis market with the combined $34.5 million acquisition of two industrial properties.

In the first purchase, Exeter Property Group, doing business as Exeter 4755 Southpoint LLC, purchased a 700,000-square-foot Class A warehouse located at 4755 Southpoint Drive from New York-based Treeview Real Estate Advisors LP for $17.3 million.

10. Pennsylvania Investment Group Makes $34.5M Splash -

Exeter Property Group as make its second significant splash in the Memphis market with the combined $34.5 million acquisition of two industrial properties.

In the first purchase, Exeter Property Group, doing business as Exeter 4755 Southpoint LLC, purchased a 700,000-square-foot Class A warehouse located at 4755 Southpoint Drive from New York-based Treeview Real Estate Advisors LP for $17.3 million.

11. Prologis Sells 2 Industrial Buildings for $23.8 Million -

San Fransisco-based Prologis Inc. has sold two parcels of its Memphis portfolio for a combined $23.8 million.

12. Prologis Sells Two Industrial Buildings for $23.8M -

San Fransisco-based Prologis Inc. has sold two parcels of its Memphis portfolio for a combined $23.8 million.

13. Positive Absorption Streak Continues in Industrial Market -

For the 17th straight quarter, the Memphis area industrial market continued its positive absorption streak, as it wrapped up Q3 2017 with more than 800,000 square feet of positive net absorption, according to commercial real estate brokerage firm CBRE’s Memphis Industrial MarketView Report.

14. Memphis Industrial Market Continues Strength in Q1 -

The Memphis area industrial real estate market closed the first quarter with positive net absorption, a strong start to 2017 that builds on a nearly four-year streak.

The market closed with 1.3 million square feet of positive net absorption and a total vacancy rate of 8 percent, according to commercial real estate company CBRE’s Q1 2017 Memphis Industrial MarketView report. It is the 15th consecutive quarter the market has closed with positive net absorption.

15. Memphis Industrial Market Continues Positive Trend in 2017 -

The Memphis area industrial real estate market closed the first quarter with positive net absorption, a strong start to 2017 that builds on a nearly four-year streak.

The market closed with 1.3 million square feet of positive net absorption and a total vacancy rate of 8 percent, according to commercial real estate company CBRE’s Q1 2017 Memphis Industrial MarketView report. It is the 15th consecutive quarter the market has closed with positive net absorption.

16. Downtown Office Market Picking Up, Industrial Market Could Get Hotter -

Memphis’ office and industrial markets saw strong second quarters, with increased absorption and positive outlooks for the rest of the year.

The quarter was dominated by ServiceMaster Global Holdings’ announcement that it was moving its headquarters from East Memphis to the shuttered Peabody Place mall. The home services and tech company will transform the former mall into a $27 million, Class A office building.

17. Memphis MSA Industrial Sector Has A Strong First Quarter After Record 2015 -

The Memphis MSA industrial sector had a strong first quarter after a record-breaking year in 2015.

Last year saw a record absorption rate of 8.4 million square feet, which is 2 million square feet higher than 2006’s pre-recession levels.

18. Moving Dirt -

The Memphis development community is looking inward and upward to increase density in the urban core. New construction is happening across all four commercial real estate sectors, with long-anticipated projects like Trader Joe’s and the redevelopment of Central Station finally coming to fruition. Construction and operating costs continue to be a challenge as new projects hit the top of their class to command higher rents.

19. Construction Continues At Cummins Warehouse -

Renovations continue at Cummins Inc.’s new distribution center. Jolly Roofing and Contracting Co. Inc. recently filed a $944,000 building permit application for the existing 400,000-square-foot warehouse at 5800 Challenge Drive.

20. ALSAC Buys Warehouse For $6 Million -

483 Manassas St.
Memphis, TN 38105

Sale Amount: $6 million

Sale Date: March 17, 2016

Buyer: ALSAC

Seller: Michael Nussbaum and Joyce Nussbaum

21. Construction Continues on Cummins Warehouse -

Renovations continue at Cummins Inc.’s new distribution center. Jolly Roofing and Contracting Co. Inc. recently filed a $944,000 building permit application for the existing 400,000-square-foot warehouse at 5800 Challenge Drive.

22. 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.

23. Last Word: Post Caucus, Fincher's Exit, 1919 Handwriting and Your Rolodex -

That close (very little light between index finger and thumb) between Clinton and Sanders in Iowa Monday evening.
Both live to fight another day in another state—New Hampshire.
And because it is Iowa – they each get to declare victory as long as they don’t go into a lot of detail about the totals.
This is one of those cases where it is like horsehoes and hand grenades – close does count.

24. Save-A-Lot to Anchor New Sam Cooper Shopping Center -

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

25. ProLogis Sells 90M Square Feet of Property -

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:

26. ProLogis Sells 90 Million Square Feet of Property -

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:

27. DunAn to Open Manufacturing Facility in Memphis -

A Chinese company has selected Memphis to be its first manufacturing site in the U.S., bringing more than 100 jobs and $4.2 million in local taxes.

At a Wednesday, Nov. 18, meeting of the Memphis-Shelby County Economic Development Growth Engine, the board approved an eight-year abatement in property taxes for DunAn Precision Inc. The tax break amounts to a total savings of $2.1 million.

28. Memphis College Prep Renovating Former Dunn Avenue Elementary -

1500 Dunn Ave.
Memphis, TN 38106

Permit Amount: $1.4 million

Application Date: Sept. 30

29. Cloverleaf Shopping Center Sells in $4.8 Million Deal -

5071, 5079 and 5150 Summer Ave.
761 N. White Station Road
Memphis, TN 38122

30. Cummins Continues Memphis Expansion -

Cummins Inc. continues to expand its new distribution center in Memphis.

Dan Walker Associates Inc. applied for a $2.7 million building permit to renovate the existing 400,000-square-foot building at 5800 Challenge Drive in Southeast Memphis just across the street from the existing Cummins distribution facility on Quest Way.

31. Cummins Continues Memphis Distribution Center Expansion -

Cummins Inc. continues to expand its new distribution center in Memphis.

Dan Walker Associates Inc. applied for a $2.7 million building permit to renovate the existing 400,000-square-foot building at 5800 Challenge Drive in Southeast Memphis just across the street from the existing Cummins distribution facility on Quest Way.

32. 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.

33. Cummins Will Stay, Expand in Memphis -

Ending months of speculation, Cummins Inc. will remain – and expand – in Memphis, according to state and company officials.

Cummins and the Tennessee Department of Economic and Community Development said the company would invest $6.7 million to expand its current parts and distribution center in Memphis, creating 70 new jobs in the process.

34. 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.

35. 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.

36. Target, Cummins Awarded Tax Breaks -

Two companies won approval Wednesday, Dec. 17, for tax incentives for projects that will create around 1,400 jobs.

The board of the city-county Economic Development Growth Engine approved 15-year payment-in-lieu-of-taxes, or PILOT, incentives for Target and Cummins Inc.

37. Target, Cummins Awarded 15-Year Tax Breaks -

Two companies won approval Wednesday, Dec. 17, for tax incentives for projects that will create around 1,200 jobs.

The board of the city-county Economic Development Growth Engine approved 15-year payment-in-lieu-of-taxes, or PILOT, incentives for both Target and Cummins Inc.

38. Target, Cummins Seek 15-Year Tax Breaks -

Memphis and Shelby County are offering generous tax incentives to attract and retain hundreds of jobs.

Discount retailer Target and Cummins Inc. are seeking tax breaks for projects that total 1,429 jobs.

39. Hearts and Minds -

Last fall, officials at Treadwell Middle School launched a school-wide beautification campaign, reaching out to anyone or any group that could help.

Lowe’s Home Improvement provided a $5,000 grant to help beautify a courtyard at Treadwell Middle and Memphis City Beautiful Commission also provided a grant and much more – a connection between the school and two commercial real estate businesses, Prologis and Colliers International Memphis.

40. Cummins Eyes Memphis Site for Expansion -

Cummins Inc. is eyeing a Memphis property for a planned expansion of the company’s distribution operations, a move that would be welcome news for Memphis officials.

41. Kyocera Inks ProLogis Park Lease Renewal -

ProLogis has landed a major renewal at one of its industrial parks.

Kyocera Document Solutions America Inc., which manufactures and markets network-ready digital copiers and printers, laser printers, color copiers and printers, digital laser facsimiles and multifunctional, wide-format imaging products, has renewed its lease for 300,000 square feet at 5510 Getwell Road in Memphis.

42. SK Realty Pays $9.4 Million For Raines Warehouse -

An affiliate of New York-based SK Realty Management has paid $9.4 million for the 658,257-square-foot warehouse at 5555 E. Raines Road in Hickory Hill.

43. Office Team Helps Colliers Expand Local Footprint -

As a part of the Colliers International office in Memphis’ growth strategy, the brokerage office has been expanding its presence in the office sector over the past year by adding a new office team consisting of Frazier Baker and Will Barden.

44. Exeter Property Group Buys Adjacent Warehouses -

Affiliates of Pennsylvania-based Exeter Property Group have paid a combined $9.4 million for the warehouses at 3630 E. Raines Road and 3676 E. Raines Road in Oakhaven.

45. Expert: Memphis Has Big Story to Tell -

Memphis area commercial real estate brokers were not only brought up to speed on the latest numbers and trends Thursday, Feb. 7, at the Memphis Area Association of Realtors Commercial Property Forecast Summit – they were also briefed on how to tweak their marketing strategy to recruit business by a former executive with the Federal Reserve.

46. Arnot Joins Hillwood as Market Director -

Dallas-based Hillwood Investment Properties has hired Bates Arnot as market director.

Arnot will be responsible for marketing and leasing industrial properties in the Dallas and Memphis markets.

47. Arnot Joins Hillwood as Market Director -

Dallas-based Hillwood Investment Properties has hired Bates Arnot as market director.

Arnot will be responsible for marketing and leasing industrial properties in the Dallas and Memphis markets.

48. Exeter Buys West Memphis Warehouse for $15.6 Million -

Pennsylvania-based Exeter Property Group has snatched up the Smucker’s distribution warehouse in West Memphis for $15.6 million.

The 600,000-square-foot facility was a foreclosed property from Bank of America, which was selling it with a year-end anticipated closing, said Matt Brodnik, Exeter’s director of capital markets.

49. Changing Market -

Much of 2012’s commercial real estate deals could be summed up in one of three phrases: speculative construction, institutional buyers and unusual transactions.

The first quarter was kicked off when Industrial Developments International Inc. revealed plans to add one build-to-suit and two speculative buildings in its Crossroads Distribution Center in Olive Branch – marking the area’s first spec construction since 2008.

50. Urban Land Institute: Memphis Recovering Slowly, Behind Nashville -

Memphis’ economy and commercial real estate industry is recovering, but not as fast as other places – like Nashville.

That was the message local professionals heard Tuesday, Dec. 4, at the Urban Land Institute Memphis’ 2013 Real Estate Outlook for the Mid-South.

51. Seminar Underscores Commercial Sectors’ Highs, Lows -

Memphis’ commercial real estate market for the most part appears to mirror national trends, with all four sectors boasting challenges and bright spots so far this year.

That was a message a room full of real estate professionals received when The Daily News hosted its second annual Commercial Real Estate seminar Thursday, Nov.1, at the Memphis Brooks Museum of Art, sponsored by Magna Bank and Evans Petree PC.

52. Capital Influx -

Capital is finally being set free in the Memphis industrial market, with opportunities on both the buy and sale side of investment deals.

Nearly $200 million has been spent since June, as public and private institutional buyers alike make large plays.

53. Seminar To Tackle Commercial Conditions -

While many commercial real estate professionals would like to forget about 2011 altogether, celebrating increases in 2012 is necessary for morale.

Shelby County experienced the most second-quarter sales this year since the second quarter of 2008, and the highest quarterly sales revenue since the second quarter of 2007.

54. Merchandiser Five Below Signs Lease in Olive Branch -

A growing Philadelphia-based value retailer has inked a substantial industrial lease deal in Olive Branch.

Five Below Inc. has leased 605,427 square feet in Hacks Cross Logistics Center Building 1, 9105 Hacks Cross Road.

55. Firms Make Investments in Memphis Distribution -

In the past month, a pair of out-of-town firms have scooped up local distribution warehouses, growing its Memphis industrial real estate portfolio and planning for more.

Montreal-based Olymbec USA LLC recently closed on its $1.5 million purchase of 3615 Lamar Ave. from an entity affiliated with Miami-based loan servicer LNR Partners LLC.

56. Aren Buys SE Memphis Warehouse For $1.3M -

Trane U.S. Inc. has sold its parts distribution center in Southeast Memphis for $1.3 million.

Aren Investments LLC of Memphis acquired the 99,375-square-foot distribution warehouse at 4250 Concord Road. The company, which used a 1450 Massey Road address on the Shelby County Register of Deeds, financed the purchase with an $800,000 loan through BancorpSouth Bank. Igal Elfezouaty signed the trust deed as managing member of Aren.

57. Exeter Closes On Acquisition Of ProLogis Properties -

Pennsylvania-based Exeter Property Group has closed on its acquisition of 10 Memphis-area industrial buildings for $40 million from San Francisco-based ProLogis Inc.

58. Conn.-Based XSE Group Inks Deal -

A Middletown, Conn.-based office supply printing company has entered the local industrial scene, taking advantage of Memphis’ centralized logistical capabilities.

XSE Group Inc. has leased 40,214 square feet in Building 14 of Airport Distribution Center, 4006 Airpark St., owned by San Francisco-based ProLogis Inc.

59. The Right Place -

When people think of Memphis, they might picture an aerial shot of Downtown – skyscrapers, The Pyramid and all.

But Andy Cates’ view of Memphis is different. He sees the city’s “dirty, industrial real estate.”

60. Ewing Signs New Lease In SE Memphis -

Ewing Moving Service Inc. & Storage is relocating its operations in Southeast Memphis for better efficiencies and more office space.

61. CRE Activity Stays Strong During 2011 -

Despite hard times, local commercial real estate firms were able to ink plenty of deals in the past 12 months.

Memphis’ industrial leasing activity kicked off in January when Buena Park, Calif.-based Pacific Logistics Corp. signed a 60,000-square-foot lease in ProLogis Park DeSoto for its first Memphis-area location.

62. Tubing Maker Doubles Space in Willow Lake -

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.

63. Colliers Signs Baker to First Site in Tenn. -

Colliers International’s industrial team of Andy Cates, Preston Thomas and Mike Driscoll has inked 63 transactions this year. Here’s a rundown on a flurry of recent deals the trio has brokered.

64. Green Shoots -

As the local commercial real estate market approaches the end of 2011, experts say it appears to be in line with national fundamentals for secondary and tertiary markets.

Shelby County commercial sales in the third quarter were the highest sales volume since Q3 2007, with $259 million, according to real estate information company Chandler Reports, www.chandlerreports.com.

65. Arlington Pet Hospital Files $1.2M Permit For Expansion -

Construction plans for a new stand-alone space for a growing Arlington veterinary clinic are under way near its current shopping center space.

Samuel Garrett Davis, founder of Arlington Pet Hospital PLLC, has filed a $1.2 million building permit application with the city-county Department of Construction Code Enforcement for a 5,200-square-foot facility, complete with hospital boarding and grooming capabilities.

66. Franklin Sports Extends Lease in ProLogis Park -

Franklin Sports Inc. has signed a four-year lease extension for its 300,000-square-foot industrial distribution warehouse in ProLogis Park Stateline, 5510 Getwell Road.

67. Nike Adds 400K Square Feet To Local Portfolio -

The world’s largest maker of athletic gear has signed a lease in Memphis’ Southeast industrial submarket to handle its newly acquired NFL contract.

Nike Inc. inked a 400,000-square-foot warehouse lease in Centerpointe Distribution Center No. 1, 3461 E. Raines Road. Built in 1994, the property, owned by San Francisco-based Prologis Inc., features 38 dock doors and an 11,687-square-foot office space component.

68. ProLogis, AMB Corp. Announce Merger -

Denver-based ProLogis and San Francisco-based AMB Corp. announced Wednesday, June 1, a definitive agreement to combine through a merger of equals.

69. Cordova’s Parkway Place Hits 100 Pct -

Two recent leases at Parkway Place Office have brought the center to 100 percent occupancy. Guardian Community Living LLC signed a 10,500-square-foot lease in the 70,000-square-foot office annex that is situated in Cordova.

70. Glencore Grain Buys Mendenhall Warehouse -

4834 S. Mendenhall Road
Memphis, TN 38118
Sale Amount: $6 Million

Sale Date: March 25, 2011
Buyer: Glencore Grain USA LLC
Seller: ProLogis NA2 Tennessee LLC

71. Glencore Grain Buys Mendenhall Warehouse -

Glencore Grain USA LLC, a Stamford, Conn.-based affiliate of Swiss commodities giant Glencore International AG, has paid $6 million for the warehouse at 4834 S. Mendenhall Road.

72. AMB Property and ProLogis Agree to Combine -

The real estate investment trusts AMB Property Corp. and ProLogis said Monday they have agreed to combine in an all-stock deal that will create a global powerhouse in warehouses and other industrial real estate.

73. Pacific Logistics Picks Olive Branch for Hub -

Pacific Logistics Corp. has signed a lease for its first Memphis-area location, which will serve as a regional hub for the company’s growing shoe and retail business.

74. Menlo Deal Tops Noteworthy Leases -

The Daily News in September launched a new weekly column called “Inked” to spotlight Memphis’ commercial leasing landscape.

Despite tough times, local commercial real estate firms were able to ink plenty of deals in the past four months. Here’s a rundown of some of the most noteworthy commercial leases since Inked’s debut:

75. FedEx to Relocate Fueling, Recycling Centers -

2691 Democrat Road
Memphis, TN 38118
Permit Amounts: $2 million (fueling center); $1.5 million (recycling center)

76. Delp Street Warehouse Sells for $4.3 Million -

BRE/TN Industrial Properties LLC has bought a 300,000-square-foot warehouse at 4505 Delp St. from ProLogis-North Carolina LP for $4.3 million. The building, which the Shelby County Assessor of Property lists at 4485 Delp, sits on 18.7 acres on the west side of Delp Street south of Crowfarn Drive in Airport Industrial Park. The Shelby County Assessor’s 2010 appraisal is $5.8 million.

77. Menlo Bolsters Local Presence With New Lease -

Menlo Worldwide Logistics LLC is expanding its Memphis-area operations with a new 181,000-square-foot lease in ProLogis Park DeSoto in Olive Branch.

78. Pet Hospital Signs Lease at Corner Shops -

A new pet hospital is among the most recent tenants at The Corner Shops of Canada Road.

The Lakeland Pet Hospital signed a new 3,850-square-foot lease in the 32,500-square-foot center, at the northwest corner of U.S. 64 and Canada Road in Lakeland.

79. Hamilton Beach Signs Lease in Olive Branch -

ProLogis announced Thursday it has leased 1.2 million square feet of warehouse space in Olive Branch to Washington, N.C.-based Hamilton Beach Brands Inc. for a distribution center.

80. Aren Buys Delp Warehouse from Prologis -

Aren Investments LLC of Memphis has paid $1.5 million for the 86,400-square-foot warehouse at 4041 Delp St. from Prologis-North Carolina LP.

81. Global Cotton Firm Moves Into Memphis -

As two local cotton companies work through their lengthy merger, another player has arrived on the scene with the purchase of a 300,000-square-foot warehouse it will use as a major distribution center.

82. Kohl’s Repairs Storm Damage At Cordova Department Store -

2335 N. Germantown Parkway
Cordova, TN 38016
Permit Amount: $550,000

Project Cost: $550,000
Permit Date: Applied August 2009
Completion: August 2009
Owner: Kohl’s
Tenant: Kohl’s
Contractor: InStar Services Group LP

83. Hubcap LP Finances Warehouse Purchase -

The new owner of the 120,560-square-foot warehouse at 4000 Air Park Cove in Oakhaven/Parkway Village on July 29 filed a $2 million loan through Lafayette Life Insurance Co. for the property.

84. Commercial Real Estate Pocked by Financial Ruins -

Commercial real estate deals used to be hammered out in boardrooms, but with the rise of foreclosures in that sector, many of them are now being negotiated at the courthouse.

The steps of the Shelby County Courthouse proved to be a hot spot for high-dollar, high-profile commercial deals in June, a month that saw the most lucrative transaction and two of the top three sales occur following foreclosures.

85. New Building Slated for Hickory Hill Dialysis and Vascular Surgery Center -

6490 Mount Moriah Road Ext.
Memphis, TN 38115
Permit Amount: $1.1 Million

Project Cost: $1.1 million
Permit Date: Applied June 2009
Completion: Autumn 2009
Owner: DH MR Partners
Tenant: Mid-South Nephrology Consultants
Contractor: S. Webster Haining & Co.
Architect: Christopher Kidd & Associates LLC

86. Oakhaven Warehouse Sells for $2.6 Million -

The 120,560-square-foot warehouse at 4000 Air Park Cove in Oakhaven/Parkway Village has sold for $2.6 million in a special warranty deed to an entity called Hubcap LP. The seller was ProLogis-North Carolina Limited Partnership, a division of Denver-based distribution leasing giant ProLogis.

87. DeSoto Tops for Industrial Real Estate -

Sale after sale, lease after lease, DeSoto County in 2008 retained its role as the area’s dominant player in industrial real estate with a host of high-profile transactions.

The submarket notched a metro-wide high of 1.1 million square feet in positive absorption in the third quarter of 2008, according to the most recent data from CB Richard Ellis. All year, however, DeSoto County saw big deals get inked as companies either moved into the area from outside the region or relocated to the county from Memphis.

88. Lightman Buys Back Land To Bolster Retail Center -

Three acres in Centennial Commons
Memphis, TN 38125
Sale Amount: $2 Million

Sale Date: Sept. 12, 2008
Buyer: Michael A. Lightman Sr.
Seller: Winsouth Hotel Partnership

Details: Michael Lightman Sr. has bought back a three-acre parcel of land in Centennial Commons retail center that he sold to Winsouth Hotel Partnership nine years ago for $1.4 million. The land is on the southwest corner of the Centennial site, which is north of Winchester Road, east of Germantown Road and near Tenn. 385.

89. ProLogis Files $3.6M Permit For Warehouse Rehab -

ProLogis has filed a $3.6 million permit for additional repairs on its Hickory Hill facility, which was severely damaged in the storms that ripped through the area on Feb. 5. The warehouse is at 5700 Challenge Drive.

90. ProLogis to Begin Rehab On Hickory Hill Warehouse -

5700 Challenge Drive
Memphis, TN 38115
Permit Amount: $1.1 Million

Project Cost: N/A
Permit Date: Applied June 2008
Completion: End of 2008
Owner: ProLogis
Tenant: ProLogis
Contractor: The Conlan Co.
Details: Denver-based ProLogis has filed a permit application to rebuild the foundation of its warehouse at 5700 Challenge Drive. The building, in the Memphis Distribution Center near Raines and Hickory Hill roads, was damaged in the Feb. 5 storms that ripped through the industrial section of Southeast Memphis.

91. ProLogis to Begin Rehab On Hickory Hill Warehouse -

Denver-based ProLogis has filed a $1.1 million permit application to rebuild the foundation of its warehouse at 5700 Challenge Drive. The building, in the Memphis Distribution Center near Raines and Hickory Hill roads, was damaged in the Feb. 5 storm that ripped through the industrial section of Southeast Memphis.

92. Congress Urged to Boost Investor Confidence Before Housing Slump Fallout Goes Commercial -

WASHINGTON (AP) - To insulate commercial real estate from a still-crumbling housing market, investors need a confidence boost and Congress should help give it, industry analysts and executives told lawmakers Thursday.

93. Archived Article -

63 lots in
The Vinings
Sale Amount: $6 million

Sale Date: Dec. 26, 2007

Buyer: RAM Holdings LLC

94. Memphis Industrial Market Experiences 'Flat' 3rd Quarter -

One large and lingering transaction resulted in a poor showing for Memphis' industrial leasing market during the third quarter of 2007.

Carrier Corp. formally vacated the 500,000 square feet it once occupied in the Southpoint Distribution Center in South Memphis to move to Holly Springs, Miss., in Marshall County.

95. Archived Article -

5925 Logistics Drive
Memphis, TN 38118
Permit Cost: $4.7 million

Project Cost: $4.7 million

Permit Date: Applied July 2007

96. Archived Article -

18 buildings near
Memphis International Airport
Sale Amount: $42 million

Sale Date: April 9, 2007
Buyer: Inland American TN Distribution LLC
Sellers: ProLogis-North Carolina LP (14 properties); Dorothy Vea Polk, Lewie R. Polk III, Patricia Polk Boyd, Peggy Polk Kent and Janice Polk Thompson (four properties)

97. Airport-Area Industrial SitesPart of $56.6 Million Deal -      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

98. Barrow Named Chef de Cuisine At Capriccio Grill -

The Peabody Hotel has named Brian Barrow chef de cuisine for Capriccio Grill, an Italian steakhouse. Barrow began his culinary career at 27. He attended Johnson & Wales University's College of Culinary Arts in Miami. He previously was a chef at the Ambassador Hotel in Fort Lauderdale, Fla., and with Do & Co International Catering.

99. ProLogis Finances WarehouseIn Memphis Distribution Center -      ProLogis-Macquarie Tennessee III LLC has filed a $9 million mortgage through New York Life Insurance Co. for Memphis Distribution Center Building J at 5700 Challenge Drive. The 427,500-square-foot warehouse was built in

100. Kyocera Prepares for Opening of New Memphis Distribution Center -

With the recent decision to locate a new distribution hub in Memphis, Kyocera Mita America executives have made it clear Memphis is "people friendly" enough for their tastes.

The phrase appears in the company's latest television commercial and has been echoed throughout its three-year-long "People Friendly" advertising campaign.