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Editorial Results (free)

1. Lynnfield Place Apartments Sell for $22.4 Million -

1400 Lynnfield Road
Memphis, TN 38119
Sale Amount: $22.4 million

Sale Date: Nov. 7, 2014
Buyer: Lynnfield Apartments LLC
Seller: Lynnfield Holdings LLC
Loan Amount: $20 million
Loan Date: Nov. 3, 2014
Borrower: Lynnfield Apartments LLC
Lender: Arbor Commercial Funding LLC
Details: The Lynnfield Place apartment community in East Memphis has sold for $22.4 million.

2. City, Bass Pro File Permits for Pyramid Renovations -

1 A.W. Willis Memphis, TN 38105

Permit Costs: $21.5 million; $7 million

Project Cost: TBA

Permit Date: Applied January 2013

Completion: TBA

Owner: City of Memphis

3. Wolfchase Hooters Sells for $2.8 Million -

An affiliate of Scottsdale, Ariz.-based real estate investment trust STORE Capital has bought another Wolfchase-area restaurant.

STORE Master Funding II LLC – whose name stands for Single Tenant Operational Real Estate – paid $2.8 million for the Hooters of Memphis-Wolfchase restaurant at 2838 New Brunswick Road, south of U.S. 64 near Wolfchase Galleria.

4. Firebirds Wood Fired Grill in Bartlett Sells for $2.1 Million -

An affiliate of Scottsdale, Ariz.-based STORE Capital has paid $2.1 million for the Firebirds Wood Fired Grill at 8470 U.S. (Highway) 64 in Bartlett.

The entity, STORE Master Funding II LLC, bought the 7,168-square-foot restaurant in a Dec. 28 special warranty deed from DMLD Building Group LLC of Charlotte, N.C.