After what was a banner year in many ways for Memphis commercial real estate in 2017, projections for this year were bullish. But at the halfway point of 2018, have expectations in the area risen with the temperatures or have they begun to dry out under the sweltering summer heat? 

2. Gibson Building Owners to Partner with Orgel Family - Monday, April 30, 2018

The new owners of the Gibson Guitar Factory building in Downtown Memphis have partnered with a prominent local family to bring the prime parcel of land back to life. 

On Monday, April 30, New York-based real estate investment firm Somera Road Inc., which purchased the 150,000-plus-square-foot building and showroom located at 145 Lt. George W. Lee Ave. for $14.4 million in January, announced it would be partnering with Billy and Benjamin Orgel’s Orgel Family LP to redevelop the guitar factory.

3. Capital Financial Group Completes Move to Tower - Saturday, March 17, 2018

Capital Financial Group has moved into the 23rd floor at Clark Tower, where it is now operating from its Memphis headquarters in 14,486 square feet.

Jerry Corless, president of Capital Financial Group, said recent improvements to the high-rise were critical factors in making the move, first reported by The Daily News last year.

4. Capital Financial Group Completes Move to Tower - Thursday, March 15, 2018

Capital Financial Group has moved into the 23rd floor at Clark Tower, where it is now operating from its Memphis headquarters in 14,486 square feet.

Jerry Corless, president of Capital Financial Group, said recent improvements to the high-rise were critical factors in making the move, first reported by The Daily News last year.

5. Digest - Tuesday, March 6, 2018

Memphis Grizzlies Suffer 15th Consecutive Loss

The Grizzlies lost their 15th straight game, 119-110 at Chicago, on Wednesday, March 7.

The team has not won since defeating the Phoenix Suns at FedExForum on Jan. 29.

6. Hotel Indigo, Trader Joe’s Move Ahead - Monday, February 12, 2018

22 N B.B. King Blvd., Memphis, TN 38103: Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

7. Trader Joe’s, H&M, Mempops Announce New Locations - Monday, January 29, 2018

2130 Exeter Road, Germantown, TN 38138: It looks like the Memphis area is finally getting a Trader Joe's. A $750,000 building permit application that lists Trader Joe’s as a tenant has been filed with the Office of Construction Code Enforcement.

8. Gibson Guitar Factory Property Fetches $14.4M, New Midtown Tiki Bar Opening Soon - Monday, January 1, 2018

145 Lt. George W Lee Ave.

Memphis, TN 38103

Sale Amount: $14.4 million

Sale Date: Dec. 27, 2017

Buyer: Somera Road Inc., Tricera Capital

9. Gibson Guitar Factory Sold for $14.1 Million - Saturday, December 30, 2017

A warranty deed filed Dec. 27 with the Shelby County Register of Deeds shows that buyers paid $14.4 million for the Gibson Guitar Factory property in Downtown Memphis.

The Daily News first reported that investment firms Somera Road Inc. of New York and Tricera Capital of Miami, Florida, bought the property on Dec. 5.

10. Gibson Guitar Factory Sold for $14.1 Million - Friday, December 29, 2017

A warranty deed filed Dec. 27 with the Shelby County Register of Deeds shows that buyers paid $14.1 million for the Gibson Guitar Factory property in Downtown Memphis.

The Daily News first reported that investment firms Somera Road Inc. of New York and Tricera Capital of Miami, Florida, bought the property on Dec. 5.

11. Out-of-Town Investors Buy Gibson Guitar Factory - Monday, December 11, 2017

145 Lt. George W. Lee Ave., Memphis, TN 38103: Investment firms in New York and Miami have purchased the Gibson Guitar Factory property in Downtown Memphis and an additional warehouse Gibson Brands Inc. owns in Nashville.

12. Outside Investors to Purchase Gibson Factory in Downtown Memphis - Tuesday, December 5, 2017

Investment firms in New York and Miami have purchased the Gibson Guitar Factory property in Downtown Memphis and an additional warehouse Gibson Brands Inc. owns in Nashville.

13. Chamber Chairman’s Circle Expands Leadership - Saturday, November 18, 2017

As the Greater Memphis Chamber’s Chairman’s Circle continues to grow, its founding members have decided to restructure its leadership.

Original co-chairs Gary Shorb, Richard Smith, Calvin Anderson, Carolyn Hardy, Spence Wilson Jr., Duncan Williams, Leigh Shockey and Jason Hood voted to install a new leadership structure that will include addition of a chairman, vice chairman and new co-chairs.

14. Chamber Chairman’s Circle Expands Leadership - Thursday, November 16, 2017

As the Greater Memphis Chamber’s Chairman’s Circle continues to grow, its founding members have decided to restructure its leadership.

Original co-chairs Gary Shorb, Richard Smith, Calvin Anderson, Carolyn Hardy, Spence Wilson Jr., Duncan Williams, Leigh Shockey and Jason Hood voted to install a new leadership structure that will include addition of a chairman, vice chairman and new co-chairs.

15. First Alliance Bank Inks 10-Year Lease to Move to Clark Tower - Thursday, August 3, 2017

Memphis-based First Alliance Bank has signed a 10-year lease to relocate its Poplar Avenue branch into the recently remodeled Clark Tower office building.

5100 Poplar Ave.
Memphis, TN 38137

16. Fully Loaded - Saturday, July 29, 2017

It’s almost like the first half of 2017 was a decade in the making, at least when it comes to commercial real estate. Throughout all four major sectors of the Memphis-area commercial real estate market – industrial, office, retail and multifamily – figures are consistently reaching or exceeding pre-recession marks.

17. 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

18. McLean Wilson To Address Crosstown’s Resurgence - Monday, October 19, 2015

Four years ago, the Sears Crosstown building started on a complete transformation into becoming a vertical urban village as Crosstown Concourse. It hasn’t been an easy journey for McLean Wilson, leader of the abandoned building’s $200 million redevelopment, but it’s one that has the potential to uplift other disinvested areas in Memphis commercial real estate.

19. Conn’s Acquires Site for Third Memphis-Area Location - Friday, May 29, 2015

A Texas-based retailer has acquired a fully leased shopping center in Southaven and will build a new store on an outparcel of the existing retail center.

Conn’s Appliances Inc. acquired the Stateline Square Shopping Center at 550 Stateline Road in Southaven for $5 million from Brixmor Commercial Real Estate, which was doing business as NPK Southaven LLC.

20. Shops at Kirby Gate Sells for $3.4 Million - Friday, May 8, 2015

A California-based investor has purchased the Shops at Kirby Gate in East Memphis for $3.4 million.

An affiliate of Los Angeles-based Westwood Financial Corp. acquired the shopping center at the northwest corner of Quince Road and Kirby Parkway from Shops at Kirby Gate LLC, according to public records.

21. Raymond James Tower Fetches $20 Million - Friday, January 23, 2015

How much is a 21-story skyscraper overlooking the Mississippi River worth? About $1 million a floor.

New York-based investor Jacob Sofer will pay Parkway Properties around $20 million for the Raymond James Tower at 50 N. Front St. Downtown, according to several people with knowledge of the transaction. The Shelby County Assessor of Property’s 2014 appraisal for the 340,000-square-foot building is $24 million.

22. Olive Branch Business Park Closer to Development - Friday, October 3, 2014

A Texas-based development firm could start turning dirt soon on a massive new business park in Olive Branch.

Hillwood Investment Properties is expected to close on a land purchase next week that will clear the way for Legacy Park, a 265-acre distribution and business park on the south side of Goodman Road, just east of Hacks Cross Road near Polk Lane.

23. Marx-Bensdorf Expands in East Memphis - Friday, September 19, 2014

A prominent Memphis realty company has expanded its presence in East Memphis. Marx-Bensdorf Realtors has grown in the office building at 5860 Ridgeway Loop Blvd. by 526 square feet, bringing its total to 4,653 square feet.

24. Steffner Adds SIOR Role to Real Estate Resume - Saturday, August 23, 2014

Since Joe Steffner opened his own commercial real estate firm 10 years ago, the industry veteran has had a front row seat to some wild changes in the industry.

He experienced everything from the boom days of the early- and mid-2000s to the depths of the recession and its crushing aftermath as the decade ended.

25. Dohmen Life Science Adds Space in SE Memphis - Friday, August 1, 2014

Dohmen Life Science Services is expanding its footprint in Southeast Memphis.

The operator of the pharmaceutical logistics company DDN recently inked lease renewals and an expansion that pushed its occupancy to 628,000 square feet.

26. FedEx Consolidates Office Space - Tuesday, May 6, 2014

For months, commercial real estate brokers have been watching closely for any signs that might hint at what FedEx Corp. and its subsidiaries will do with the hundreds of thousands of square feet of commercial space the Memphis-based company leases across the area.

27. Cates, Kornegay Look to Future While Honoring Colliers’ Past - Monday, April 21, 2014

The memory is scorched in Andy Cates’ mind.

It was 2005 and Cates, just 29 years old at the time, was being made a partner at Colliers International Memphis, the commercial real estate firm.

28. 2 Brokers Take Majority Stake in Colliers Memphis - Saturday, April 19, 2014

Two longtime members of Colliers International's Memphis office have taken a majority stake in the real estate company.

Andy Cates, executive vice president of brokerage, and Brad Kornegay, CEO of Colliers Management Services LLC, are now the majority shareholders in the two legal entities that make up the Memphis office.

29. 2 Brokers Take Majority Stake in Colliers Memphis - Monday, April 14, 2014

Two longtime members of Colliers International's Memphis office have taken a majority stake in the real estate company.

Andy Cates, executive vice president of brokerage, and Brad Kornegay, CEO of Colliers Management Services LLC, are now the majority shareholders in the two legal entities that make up the Memphis office.

30. Cates, Kornegay Take Majority Stake in Colliers’ Memphis Office - Friday, April 11, 2014

Two longtime members of Colliers International's Memphis office have taken a majority stake in the real estate company.

Andy Cates, executive vice president of brokerage, and Brad Kornegay, CEO of Colliers Management Services LLC, are now the majority shareholders in the two legal entities that make up the Memphis office.

31. Restivo Group Moves to New Midtown Digs - Friday, April 4, 2014

The Restivo Group Realtors has expanded into new offices at 1861 Madison Ave. in the landmark Gilmore Building.

32. Lakecrest II Sells for $4.6 Million - Friday, March 7, 2014

The Lakecrest II office building in East Memphis has changed hands again.

Southland Primacy LLC acquired the 129,104-square-foot office building at 6055 Primacy Parkway from Jefferson-Pilot Investments Inc. Feb. 28 for $4.6 million.

33. Leases Push Renaissance Center Near Capacity - Friday, November 22, 2013

The Renaissance Center office building in East Memphis should be near capacity early next year, following a series of recent lease signings.

Financial Federal signed a lease on Tuesday, Nov. 20, to occupy 27,000 square feet on the first and second floors of the Renaissance Center, 1715 Aaron Brenner Drive. In addition to the new location, the growing financial firm will have signage atop the East Memphis office building along Poplar Avenue east of Interstate 240.

34. Colliers Continues Role as Major Commercial Real Estate Player - Saturday, August 17, 2013

Wilkinson & Snowden Inc. helped lead the industrial warehouse revolution in Memphis at a prescient time.

35. Patterson Warehouses Adds Space - Friday, March 8, 2013

Patterson Warehouses Inc. is boosting its longtime local presence with a new lease in DeSoto County.

The renowned player in Memphis’ third-party logistics industry is leasing 237,952 square feet of Class A space in Marathon Distribution Center, 295 Marathon Way in Southaven.

36. Finding Office Lease Savings - Tuesday, February 19, 2013

If you have an office lease and you’ve ever received an invoice for a property tax and operating expense pass-through, you’ll want to read this article to make sure you understand the process. You may be paying more than you should.

37. Green Line Marketing Doubles Office - Friday, February 15, 2013

Green Line Marketing Group has outgrown its East Memphis office space due to its expanded staff and client roster.

The boutique agency has signed a 2,000-square-foot lease in Racquet Club Plaza, where it will relocate from its three 350-square-foot executive suites in Clark Tower by the end of the month.

38. Real Estate Leaders to Present Trends at Forecast - Saturday, February 2, 2013

Real estate leaders will offer their reviews and insights for the Memphis-area commercial market at the 10th annual Commercial Property Forecast Summit starting at 8 a.m. Feb. 7 at the Germantown Performing Arts Centre, 1801 Exeter Road.

39. Real Estate Leaders to Present Trends at Forecast Summit - Tuesday, January 29, 2013

Real estate leaders will offer their reviews and insights for the Memphis-area commercial market at the 10th annual Commercial Property Forecast Summit starting at 8 a.m. Feb. 7 at the Germantown Performing Arts Centre, 1801 Exeter Road.

40. Victory Packaging Relocates to Memphis - Friday, January 18, 2013

Victory Packaging soon will relocate its entire Southaven branch operation to the Southeast Memphis industrial submarket.

The Houston, Texas-based industrial packaging supplier and distributor inked 158,333 square feet in Shelby Air Park Building 1, 4500 Malone Road. The 475,000-square-foot building also houses Terminal Warehouse Inc.

41. Levenger Leases Up EastPark IV - Friday, December 14, 2012

A Delray Beach, Fla.-based specialty retail company is relocating its Memphis distribution warehouse within the Southeast submarket.

Levenger has inked 96,400 square feet in EastPark Distribution Center IV, 5265 Hickory Hill Road, bringing the 372,800-square-foot building to full occupancy. Levenger also has an operation at 3530 E. Raines Road.

42. Local Logistics Firms Expand Medical Real Estate Offerings - Monday, December 3, 2012

Memphis area industrial brokers are reporting an increase in activity with third-party and proprietary logistics companies involved in distribution of medical/pharma-related product.

During the second half of this year, several local companies have inked new leases that will expand their overall space in the Memphis area, creating new jobs in the process.

43. I-Bank Grows in Namesake East Memphis Office Tower - Friday, November 30, 2012

Independent Bank has expanded its headquarters at I-Bank Tower to primarily accommodate its Mortgage Lending Division.

44. Highpoint Church Buys Briarcrest’s East Memphis Campus - Friday, November 9, 2012

After seven years of leasing space for its worship services, Highpoint Church has acquired Briarcrest Christian School Systems Inc.’s property at 6000 Briarcrest Ave. for $7.25 million.

45. LGSTX Services Expands Local Warehouse - Friday, October 19, 2012

LGSTX Services Inc. is relocating and expanding its Memphis warehouse operations. The Wilmington, Ohio-based firm, which specializes in aviation support and facility services, has leased 184,680 square feet across two facilities in the Southwide Distribution area at 363 Burma Road and 410 Burma Road.

46. 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.

47. Millstone Medical Expands Local Operations - Friday, August 31, 2012

Fall River, Mass.-based Millstone Medical Outsourcing LLC is relocating its Memphis operations to a larger Olive Branch facility to broaden services and capacity.

48. Invacare Inks Lease in SE Memphis - Friday, August 17, 2012

Invacare Continuing Care Inc. has inked a 3,500-square-foot lease at 4187 Senator St. in Southeast Memphis.

49. Colliers Trio Nearly Triples Retail Portfolio - Tuesday, July 31, 2012

In the past 12 months, Colliers International Memphis’ retail team of Andrew Phillips, Ed Thomas and Laura Frazier has grown its retail portfolio from about 300,000 square feet to nearly 850,000 square feet.

50. Hillwood Buys Industrial Portfolio for $37M - Tuesday, July 17, 2012

Hillwood Investment Properties has bought an industrial portfolio in Southeast Memphis for $37.25 million from TIAA Realty Inc., augmenting the Dallas-based commercial real estate firm’s budding local footprint.

51. Hillwood Buys Industrial Portfolio for $37M - Monday, July 16, 2012

Hillwood Investment Properties has bought an industrial portfolio in Southeast Memphis for $37.25 million from TIAA Realty Inc., augmenting the Dallas-based commercial real estate firm’s budding local footprint.

52. ‘Perfect Storm’ - Tuesday, July 3, 2012

Office sublease space reached a record high in the first quarter, and local experts are forecasting even more leases from one lessee to another to hit the market prior to year-end.

Office subleasing totaled 600,664 square feet during the first three months of the year, according to Cushman & Wakefield/Commercial Advisors LLC’s Q1 office market report. That’s nearly 14 percent of total available space.

53. Dunavant Development Buys Bartlett Logistics Portfolio - Friday, June 22, 2012

Dunavant Development Co. has reached a deal to buy Bartlett Logistics, a 515,000-square-foot multi-tenant flex portfolio consisting of Bartlett Logistics Park, at 8370-8500 Wolf Lake Blvd., and Stage Hills Industrial Park, 3080-3150 Stage Post Road. Dunavant bought the property from CMLT 2008-LS1 Wolf Lake Drive LLC (LNR Partners).

54. Dunavant Development Buys Bartlett Logistics Portfolio - Thursday, June 21, 2012

Dunavant Development Co. has announced it’s reached a deal to buy Bartlett Logistics, a 515,000-square-foot multi-tenant flex portfolio consisting of Bartlett Logistics Park, at 8370-8500 Wolf Lake Blvd., and Stage Hills Industrial Park, 3080-3150 Stage Post Road.

55. ‘Fun Food Fast’ - Tuesday, June 12, 2012

After a five-year hiatus, fast-casual restaurant Foozi has returned to the I-Bank Tower at 5050 Poplar Ave. while retaining its other location next door at Clark Tower.

56. Fla. Company Buys Cordova Retail Center - Friday, June 8, 2012

Coral Springs, Fla.-based Swiss Capital Group LLC has acquired The Shops of Woodland Hills in Cordova for $3.1 million.

57. Commercial Advisors Awarded Industrial Listing - Wednesday, June 6, 2012

Cushman & Wakefield/Commercial Advisors Asset Services LLC has been awarded listing and management of the 900,000-square-foot industrial space at 5461 Davidson Road, the largest vacancy in the Memphis market.

58. FDIC Signs Lease In Lakecrest - Friday, May 25, 2012

Federal Deposit Insurance Corp. has inked a substantial lease in Lakecrest III, marking the market’s largest office lease signing this year.

59. In-Rel Outsources Office Leasing - Friday, May 25, 2012

In-Rel Properties Inc. has outsourced its Memphis office leasing to Cushman & Wakefield/Commercial Advisors LLC, following months of changes up top for the Lake Worth, Fla.-based real estate firm.

60. In-Rel Outsources Office Leasing - Thursday, May 24, 2012

In-Rel Properties Inc. has outsourced its Memphis office leasing to Cushman & Wakefield/Commercial Advisors LLC, following months of changes up top for the Lake Worth, Fla.-based real estate firm.

61. Office Opportunities - Thursday, May 3, 2012

Memphis’ office real estate landscape is changing, and for three firms, those changes are creating opportunities.

Orlando, Fla.-based Parkway Properties Inc. in March completed the sale of its interest in Renaissance Center – a 190,000-square-foot office building at 1715 Aaron Brenner Drive in the Poplar Avenue corridor – to partner Parkway Properties Office Fund LP.

62. Former Mazda Warehouse Sells for $13.5M - Friday, February 10, 2012

The former Mazda North America Inc. distribution center in DeSoto County has been acquired by Hillwood Investment Properties for $13.5 million.

63. Grinding it Out - Monday, February 6, 2012

After most recessions, real estate bounces back.

But the Great Recession has been notably different – long, deep and very prolonged.

That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.

64. CRE Activity Stays Strong During 2011 - Friday, December 30, 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.

65. ‘Get In and Out’ - Monday, December 19, 2011

In a local commercial real estate market where prices have plunged as much as 40 percent from 2007 peaks, special service companies are taking advantage of opportunities for buying distressed debt.

66. 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.

67. Green Shoots - Monday, November 28, 2011

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.

68. Depot Biz Park Changes Direction - Monday, November 28, 2011

From Army supply base to base of operations, the new owners of the Memphis Depot Business Park hope to position their revitalized 260-acre site in South Memphis on real estate brokers’ radar screen as a solution for industrial needs.

69. Company Buys 11 Acres On Thousand Oaks - Friday, September 30, 2011

NAI Saig Co. has negotiated a pair of investment sales in recent weeks. Corolla Management Corp. has purchased two sites totaling 10.6 acres on Thousand Oaks Cove from Bank of Bartlett for $925,000.

70. Obsidian PR Preps For South Main Move - Friday, September 16, 2011

Obsidian Public Relations is relocating less than a mile from its current office, in efforts to establish a presence in the South Main Historic Arts District by having its own creative space that will allow plenty of room for growth.

71. Universal Commercial Built On Deep Family Legacy - Tuesday, September 6, 2011

For some people, the prospect of working with one’s brother, wife and mother on a daily basis would be a less than enticing proposition.

But as far as Darrell Cobbins, the owner, president and CEO of Memphis-based Universal Commercial LLC, is concerned, there’s no other way he’d rather do business.

72. Cable Service Provider Signs New Lease - Friday, June 3, 2011

A Madison, Tenn.-based cable service provider is taking advantage of lower rates in a competitive leasing environment.

FTS USA has signed a 4,002-square-foot lease in East Pointe Business Center, 3915 S. Mendenhall Road.

73. Duo Helps Strengthen Colliers’ Retail Face - Thursday, May 26, 2011

After being historically thought of as a driving force in industrial real estate, Colliers International is becoming a rising star in the retail arena.

The retail team of Andrew Phillips and Ed Thomas has been involved in three of the largest retail lease transactions in the last six months with the 45,000-square-foot Habitat for Humanity, 24,000-square-foot Memphis Judo and 14,000-square-foot Jack Wills Co.

74. Black Equip. Supply Grows Memphis Presence - Friday, April 8, 2011

Black Equipment Supply is relocating its Memphis presence to a space that nearly doubles the size of the firm’s former location.

The company will vacate its 14,000-square-foot space off Cherry Road and has signed a 25,372-square-foot lease at Shelby Air Park, 4570 Shelby Air Drive, suite 8.

75. Electrolux Officials Sign Downtown Office Lease - Friday, March 4, 2011

Before it builds a new manufacturing plant at Frank C. Pidgeon Industrial Park, Electrolux will set up shop in Memphis with a Downtown office.

The Swedish appliance maker has signed a 14,000-square-foot lease at One Commerce Square, 40 S. Main St., where it will occupy the building’s entire 24th floor.

76. Staples to Build First Memphis Location - Friday, February 25, 2011

The world’s largest office products company will soon enter the Memphis market.

Framingham, Mass.-based Staples Inc. has signed a 17,945-square-foot lease at Ridgeway Trace, the shopping center at Poplar Avenue and Interstate 240 developed by Houston-based Weingarten Realty Investors.

77. 2011 CRE Outlook Cautiously Optimistic - Monday, February 21, 2011

Optimism is in the eye of the beholder in the commercial real estate industry. In a city plagued with high vacancies and scarce speculative development, investors have Memphis on its radar – and Memphis should too.

78. Montreal Investor Pays $7.3M for Memphis Center - Monday, January 31, 2011

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to reabsorb the space and bring it back to life.

Richard Stern, principal with Montreal-based Olymbec purchased the 1.1 million-square-foot Space Center, 3051-3133 Tranquility Drive, for $7.3 million.

79. Canadian Group Buys Distressed South Memphis Industrial Park - Friday, January 28, 2011

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to re-absorb the space and bring it back to life.

Richard Stern, principal with Quebec, Canada-based Olymbec purchased the 1.1 million-square-foot Space Center, 3051-3133 Tranquility Drive, for $7.25 million.

80. Pacific Logistics Picks Olive Branch for Hub - Friday, January 7, 2011

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.

81. Menlo Deal Tops Noteworthy Leases - Thursday, December 30, 2010

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:

82. EMHC Moving to Appling Farms, Doubling in Size - Friday, December 17, 2010

Emergency Mobile Health Care is more than doubling the size of its Memphis corporate headquarters.

EMHC has signed a 14,200-square-foot lease at 6972 Appling Farms Parkway. EMHC currently occupies 6,900 square feet at 5071 Wilfong Road, and also has an office in Jackson, Tenn.

83. Aces Increases Presence With Two Leases - Friday, December 3, 2010

Aces A/C Supply North has recently signed two leases in the region – one in Memphis and one in Jackson, Tenn.

Carrollton, Texas-based Aces, a representative of American Standard Heating and Air Conditioning, is a wholesaler of air conditioning and equipment and parts.

84. Omni Visions Deal Headlines Leasing Activity - Friday, October 29, 2010

Omni Visions Inc. recently signed a new lease at Kirby Gate Business Campus, 2725 Kirby Parkway, for 3,523 square feet.

85. Colliers Sells Property to Union Forklift - Friday, October 22, 2010

Colliers International recently sold an 18,750-square-foot building in the Perimeter Point Business Park, 2188 Spicer Cove.

86. MAAR Commercial Council Welcomes New Board Members - Monday, August 16, 2010

The Memphis Area Association of Realtors Commercial Council held its annual board of directors meeting Thursday, approving three new members for its 2011 board.

Greg deWitt of Grubb & Ellis Co. will take over one of the council’s director seats next year before becoming the council’s vice president in 2012. He will inherit the seat occupied by John Mercer of Highwoods Properties in 2011.

87. Colliers to Rebrand Following Joint Venture - Tuesday, June 15, 2010

One of the oldest and most respected commercial and industrial real estate firms in town will see a name change this summer.

Colliers Wilkinson Snowden, the brokerage services company founded in 1946 by Bob Snowden and Russell Wilkinson, within the next two months will be known simply as Colliers International.

88. Colliers Takes On Tough Project - Thursday, October 15, 2009

A retail portfolio hit hard by the slumping economy has a new temporary owner and a new leasing/management team. Now those entities are charged with repositioning the assets so a buyer can step in and have a better shot at building long-term success.

89. MAAR Commercial Council Names 2010 Officers - Monday, August 24, 2009

The Memphis Area Association of Realtors Commercial Council announced Friday that Wyatt Aiken of Commercial Advisors will serve as 2010 president and Ron Riley of In-Rel Management will serve as 2010 president-elect.

90. Mixed-Use Development Slated For Southeast Shelby County - Tuesday, July 14, 2009

50 acres at Forest Hill-Irene Road and Tenn. 385
Memphis, TN 38125
Sale Amount: $4 Million

Sale Date: June 26, 2009
Buyer: Edward Rose Development Co. LLC
Seller: Turley LP

91. White Station Tower Owner Files $14.2M Loan - Friday, July 10, 2009

The owner of the White Station Tower at 5050 Poplar Ave. has filed a $14.2 million deed of trust, security agreement, financing statement and fixture filing on the property through American National Insurance Co.

92. Outside Interests Local Sector’s Biggest Benefactors - Friday, June 19, 2009

As the real estate slump toils on, a Chicago-based company has proven to be a savior of sorts for the local industrial sector.

HSA Commercial Real Estate, already a player in the local market, continued its investments here by pulling the trigger on three of the four most lucrative deals in Shelby County during the past year, all of them in the Oakhaven/Parkway Village area.

93. Jones Ascends to High-Level Position At Army Corps of Engineers - Wednesday, May 21, 2008

Carol Winfield Jones has been selected as chief, project development branch and assistant to the deputy district engineer for project management for the U.S. Army Corps of Engineers, Memphis District.

94. Jones Receives Welcome Home Memphis Designation - Wednesday, November 14, 2007

Crye-Leike affiliate broker C. Lauren Jones was the first Realtor in the Memphis market to receive the Welcome Home Memphis designation when she recently earned the honor.

The designation recently was created by the Memphis Area Association of Realtors and is designed to increase affordable housing expertise.

95. Kornegay Honored WithNational Real Estate Award - Friday, October 26, 2007
     The commercial division of the National Association of Realtors has recognized Brad Kornegay of Colliers Management Services with the 2007 Commercial Alliance National Award.
     The Nationa

96. MAAR ConfirmsCommercial Council Officers - Monday, September 10, 2007
     The Memphis Area Association of Realtors (MAAR) Commercial Council last week confirmed that Steve Guinn of Highwoods Properties will serve as 2008 president. The group also elected Irvin Skopp of Belz Realty Co. as 2008

97. Archived Article - Tuesday, May 29, 2007

15 buildings in
Bartlett Industrial Park
Sale Amounts: $20.7 million; $9.4 million; $2.9 million; $1.5 million; and $1.2 million

Sale Date: May 17, 2007

98. California Investment Co. BuysBartlett Industrial Park for $36M - Wednesday, May 23, 2007
     A California-based private real estate investment company has bought McNeill Investment Co.'s 15-building portfolio in Bartlett Industrial Park for $35.8 million.
     Bartlett Logistics One

99. Memphis Heart Clinic Promotes Shirwany to Cardiovascular Practice - Wednesday, April 25, 2007

Memphis Heart Clinic recently appointed Dr. Arsalan Shirwany to its cardiovascular practice. Shirwany is board certified in cardiology, echocardiology and internal medicine. He has served as chief fellow during his cardiology fellowship at the University of Tennessee Health Science Center (UTHSC). Previously, Shirwany was a staff physician with the Veterans Affairs Medical Center at Memphis and an assistant professor of medicine at UTHSC.

100. Pinnacle Awards Given ToTop Commercial Realtors - Monday, April 16, 2007
     The Memphis Area Association of Realtors Commercial Council honored the top performers in commercial real estate for 2006 at the sixth annual Pinnacle Awards gala Thursday at the University of Memphis.
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