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Editorial Results (free)

1. TAG Truck Center Prepares to Open On Former Mall of Memphis Site -

Just a few weeks before Tommy Earl’s and Gary Dodson’s new $30 million TAG Truck Center is to open at the old Mall of Memphis site on the 4400 block of American Way, Earl allows himself a moment of nostalgia.

2. TAG Expects Truck Facility to be Operational by Mid-2017 -

TAG Truck Center is moving forward with a $28 million trucking facility at the former site of the Mall of Memphis. Contractor Linkous Construction Co. recently filed two building permits for TAG’s new headquarters.

3. EDGE Grants Incentives for TAG Truck Center, Turner Dairy -

Two longtime Memphis-area companies secured tax incentives at the June meeting of the Memphis-Shelby County Economic Development Growth Engine.

The payment-in-lieu-of-taxes will support TAG Truck Enterprises LLC’s plans for the former Mall of Memphis site as well as an expansion of Turner Dairy in the heart of Midtown.

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. 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

7. Louisville Company Buys Apartment Complex for $41M -

NTS Realty Holdings LP of Louisville, Ky., has bought the Colonial Grand at Shelby Farms apartment complex for $41 million. The transaction occurred in two separate warranty deeds – one for $25.2 million and one for $15.8 million – with an NTS Realty Holdings entity called Shelby Farms Apartments LLC acting as buyer.

8. Barloworld SellsTruck Business, Properties -      Barloworld Truck Center Inc. sold its full-service truck center in Memphis, located on Fontaine Road and East Brooks Road, as well as its truck centers in Jackson, Tenn., Tupelo, Miss., and Jonesboro, Ark., and a body sh