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Editorial Results (free)

1. Flintco Files $25 Million Permit for ServiceMaster HQ -

150 Peabody Place
Memphis, TN 38103

Permit Amount: $25 million

Application Date: May 2017 

2. Memphis Office Market Off to Good Start -

Though small to mid-sized leases comprised the majority of leasing activity, the Memphis area office market got off to a healthy start in 2017, according to Cushman & Wakefield/Commercial Advisors’ first quarter Marketbeat report.

3. Shaffer Named Executive Director Of Rebranded BLDG Memphis -

John Paul Shaffer recently was named executive director of BLDG Memphis, the rebranded entity that brings the Community Development Council of Greater Memphis and Livable Mem-phis under a single organizational identity.
In his new role, Shaffer’s job is to guide the organization in its mission of supporting neighborhood revitalization through a network of organizations and individuals working in the community development space – which BLDG Memphis does primarily through organizational capacity building, community education and engagement, and public policy and advocacy – as well as to promote the new brand. 

4. Brewery District Developer Pulls $1.1M Building Permit -

495 Tennessee St., Memphis, TN 38103: Montgomery Martin Contractors LLC has filed a $1.1 million building permit application with the city-county Office of Construction Code Enforcement for tenant buildout in the former Tennessee Brewery, located at 495 Tennessee St.

5. Permit Filed for Boutique Arrive Hotel Downtown -

477 S. Main St.
Memphis, TN 38103 

Permit Amount: $5.3 million

Application Date: February 2017

Completion: 2018

6. LA Fitness Eyes Collierville, Urban Village Moves Ahead -

1048 W. Poplar Ave.
Collierville, TN 38017

Sale Amount: $3.7 million

Sale Date: Jan. 5, 2017

Buyer: Fitness International LLC

7. Opponents of Dairy Expansion To Host Community Meeting -

A group of Midtown citizens who are opposed to the expansion of Turner Dairy’s Madison Avenue location will hold a public meeting Tuesday, Jan. 10, at 5:30 p.m. in the Hattiloo Theatre lobby, 37 S. Cooper St.

8. Large Deals, Office Construction Among Memphis' Commercial Real Estate Trends -

Coming off of a strong year in 2015, the commercial real estate market in the Memphis metropolitan area continued to do well in 2016.

Larry Jensen, president and CEO of Cushman & Wakefield/Commercial Advisors, said his company was tracking approximately 6 million square feet of net absorption in the industrial market headed into the last week of 2016, as compared to 8.4 million in 2015.

9. Trump Picks Fast Food Executive Andrew Puzder for Labor -

WASHINGTON (AP) — President-elect Donald Trump plans to add another wealthy business person and elite donor to his Cabinet, saying he would nominate fast-food executive Andrew Puzder as labor secretary.

10. Two Hotel Projects Top Council Agenda -

Two Downtown hotels top a planning and development-heavy agenda for the Tuesday, Dec. 2, session of the Memphis City Council.

The council votes on a special use permit for a 68-room luxury hotel at 477 S. Main St., in a building that until recently had been a graduate school for the Memphis College of Art.

11. Commercial Real Estate Market On Strong Run -

When it comes to commercial real estate, Memphis is on a tear at the moment.

That’s according to Andy Cates, president and CEO of brokerage services for Colliers International in Memphis. Looking back on 2016, he’s ebullient about the abundant new construction that has characterized the year, as well as the large amount of capacity still in place and the promise of what’s to come in 2017.

12. Real Estate Awakening -

The year’s biggest office deal didn’t affect Memphis’ office absorption at all, but everyone in real estate has felt its reverberations.

When ServiceMaster Global Holdings announced its move to the shuttered Peabody Place Mall from Ridge Lake office park, it promised new life for a 328,000-square-foot black hole in Downtown’s retail market.

13. $92M Graceland Hotel Expected to Be a Catalyst for Whitehaven -

The Heartbreak Hotel on Elvis Presley Boulevard was full Wednesday, Oct. 26 – its final night as a hotel.

By the time the $92 million, 450-room Guest House at Graceland resort opened across the boulevard Thursday morning, many of the doors at the Heartbreak Hotel were missing their room numbers – taken as souvenirs by guests who filled the circa-1980s hotel in its final days.

14. Spate of Big Deals Among CRE Trends In 2016 -

Ask CBRE senior associate Gray Fiser to sum up the commercial real estate market in Memphis over the course of 2016, and he’s ready with a few quick bullet points by way of reply.

Fast forward, say, five years from now, he explains, and these are the things likely still being talked about:

15. Two More Boutique Hotels to Arrive Soon -

An out-of-town developer with one hotel planned for the Downtown market has purchased the former Memphis College of Art graduate school at 477 South Main for another hotel.

California-based Wessman Holdings was attracted to Downtown’s growth of boutique hotels and abundance of vacant buildings, said principal John Wessman.

16. Belz Preparing Peabody Place for ServiceMaster HQ -

150 Peabody Place

Memphis, TN 38103

Permit Amount: $9.5 million

Project Cost: $27 million overall

17. Bursting the Bubble -

Graceland is in Memphis. But the two have tended to coexist, rather than being part of each other, since Elvis Presley’s home opened as a commercial enterprise in 1982.

That is starting to change as a $137 million expansion of Graceland – a $92 million hotel resort opening in October and a $45 million, 200,000-square-foot entertainment complex west of the mansion to open in the spring of 2017 – begins to overlap with a renewed emphasis on Whitehaven as the home of many of the city’s middle class.

18. ServiceMaster to Change Mall’s Exterior -

Memphis-based ServiceMaster Global Holdings Inc. and its landlord, Belz Enterprises, plan to remove the pedestrian skybridge into the Peabody Place development that crosses over Second Street and will add more than 50 new windows to the second and third levels on the Second Street side of the mall.

19. ServiceMaster Plans Different Second Street Look -

Memphis-based ServiceMaster Global Holdings Inc. and its landlord, Belz Enterprises, plan to remove the pedestrian skybridge into the Peabody Place development that crosses over Second Street. And the plans call for adding more than 50 new windows to the second and third level surfaces on the Second Street side of the mall.

20. 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.

21. Parking Was Key in ServiceMaster Deal -

Parking concerns for ServiceMaster Global Holdings’ move to Downtown Memphis have been resolved.

On June 14, the Downtown Parking Authority granted ServiceMaster access to the parking garage at 250 Peabody Place.

22. Show Time -

For the first time in years, the Peabody Place mall was packed. On June 3, hundreds of ServiceMaster employees and a handful of business and government leaders ushered in One ServiceMaster Center, a multimillion-dollar headquarters for Memphis’ fourth-largest public company.

23. City, State Incentives Lining Up For ServiceMaster's Move Downtown -

ServiceMaster Global Holdings Inc. will be getting a lot of help with its headquarters move into the vacant Peabody Place mall.

Documents obtained by The Daily News show that mall landlord Belz Enterprises will contribute $12 million to improvements to the facility while ServiceMaster will invest $14.8 million in converting the 340,000-square-foot retail center into corporate offices with open working and research spaces.

24. Collierville Sees Year’s Largest Multifamily Sale -

160 Madison Farms Drive
Collierville, TN 38017

Sale Amount: $34.3 million

Buyer: Spyglass-Collierville LLC

25. EPE Takes Out $40 Million Loan for Graceland West -

Elvis Presley Enterprises has taken on a $40 million construction loan to build Graceland West, a 46-acre development to the west of Elvis Presley Boulevard, across from the Graceland mansion. Joel Weinshanker, managing partner of Graceland Holdings LLC and majority owner of Elvis Presley Enterprises, signed as grantor for the loan. Pinnacle Bank is the lender.

26. $12.6M Building Permit For New Ballet Memphis HQ -

2144 Madison Ave.
Memphis, TN 38104
Permit Amount: $12.6 million

Owner: Ballet Memphis
Tenant: Ballet Memphis
Architect: Archimania
Contractor: Grinder, Taber & Grinder
Details: Ballet Memphis is setting the stage for its Overton Square headquarters as Grinder, Taber & Grinder recently applied for a $12.6 million building permit for new construction.

27. 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.

28. Midtown Market Project Moving Forward -

The mixed-use Midtown Market project being planned at the southwest corner of McLean Boulevard and Union Avenue is moving forward.

In a March 11 warranty deed, Nevada-based Tennvada Holdings sold the Artisan Hotel, at 1837 Union Ave., for $1.3 million, and the Towery Office Building, at 1835 Union Ave., for $870,000.

29. Over $20M in Construction Headed to Brewery District -

495 Tennessee St.
Memphis, TN 38103

Permit Amount: $18.8 million

Owner: 495 Tennessee LLC

Tenant: Brewery Master Tenant

30. $1.2M Permit Filed For Highland Row Steakhouse -

Steakhouse restaurant Char is on track for its July opening with a $1.2 million building permit application recently filed with the city-county Office of Construction Code Enforcement.

In December, the Daily News reported that the restaurateurs behind longstanding Italian restaurant Amerigo were bringing Char to Highland Row. The first Char opened in Jackson, Miss., in 2001.

31. Midtown Market Moves Forward -

The mixed-use Midtown Market project at the southwest corner of McLean Boulevard and Union Ave. is moving forward.

In a March 11 warranty deed, Nevada-based Tennvada Holdings sold the Artisan Hotel, at 1837 Union Ave., for $1.3 million, and the Towery Office Building, at 1835 Union Ave., for $870,000.

32. Work Begins On Brewery Development -

502 Tennessee St.
Memphis, TN 38103

Permit Amount: $4.5 million

Application Date: Feb. 18, 2016

Tenant: Brewery Master Tenant LLC

Architect: LRK Architects

Contractor: Montgomery Martin Contractors

33. Midtown Memphis Ready for Apartment Building Boom -

It’s been more than a decade since new apartments were built in Midtown, and that’s poised to change in a big way with a wave of new multifamily construction stretching from Binghampton to Crosstown.

34. Collaborative Aims to Enhance Memphis Medical District -

In 2016, the Memphis Medical Center will see $1.8 million in upgrades and enhancements aimed at creating a unified, livable district. That’s the annual budget for the newly established Medical District Collaborative, a nonprofit entity made up of the area’s stakeholders and executives.

35. International Real Estate Firms Find Purchase Potential in Memphis -

International investors and developers are increasingly looking to Memphis because the market is stable and the returns are high, according to a variety of real estate professionals doing business locally.

36. 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.

37. First Building Permit Pulled For Crosstown Concourse Build-Out -

495 N. Watkins St.
Memphis, TN 38104

Permit Amount: $15.6 million

Application Date: January 2016

38. Outside the Box -

Southwest Tennessee Community College is opening its new Whitehaven Center on Tuesday, Jan. 19. The building, which accommodates nearly 2,000 students at 1234 Finley Road off Elvis Presley Boulevard, is seeing new life following its run as a Kroger store that closed in 2011.

39. 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.

40. Mix It Up -

Memphis’ development eye is turning inward and upward as mixed-use projects are becoming more common than ever before.

Usually a mode of survival for densely packed cities, residential, office, retail and even manufacturing are cohabitating in single mixed-use buildings or lots as a way to recoup Memphis’ sprawl. Downtown and Midtown are being combed for infill and adaptive reuse possibilities as millennials are moving to the urban core in droves.

41. 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.

42. ROCO Real Estate Buys Third Memphis Apartment Community -

2778 Pickering Drive
Memphis, TN 38115

Sale Amount: $5.5 million

Sale Date: Sept. 18, 2015

43. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

44. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

45. The Shops of Collierville Sells for $7.4 Million -

Mount Pleasant, S.C.-based Ziff Properties Inc. has acquired The Shops of Collierville for $7.4 million, according to a special warranty deed filed Aug. 3.

46. 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.

47. Michigan Investor Pays $7.5 Million for Hickory Hill Apartments -

5995 Waterstone Oak Way
Memphis, TN
Sale Amount: $7.5 million

Sale Date: June 11, 2015
Buyer: RoCo-Lakes LLC
Seller: RRE Waterstone Holdings LLC
Loan Amount: $6.2 million
Loan Date: June 11, 2015
Maturity Date: June 11, 2017
Lender: Keybank NA
Details: RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.

48. Midtown Momentum -

Kroger Co., buoyed by the Crosstown Concourse development and increased investment in Midtown as a whole, has purchased properties associated with the long-dormant Washington Bottoms project at Poplar Avenue and Cleveland Street.

49. Elvis' Planes Could Take Flight in New Museum -

Two jets once belonging to Elvis Presley that have been displayed at Graceland for years could be destined for a museum, if the group that owns the planes has its way.

OKC Partnership, which owns the Lisa Marie and Hound Dog II jets, has applied to the Office of Planning and Development for a planned development to allow a museum featuring Elvis Presley’s airplanes at 3850 Elvis Presley Blvd. The museum would be located on a vacant lot that was formerly home to Covenant Presbyterian Church.

50. MRG Enjoys Flurry of Leasing Activity -

Memphis-based Makowsky Ringel Greenberg LLC is reporting leasing activity at its retail, office and industrial properties.

51. Brewery Developers Buy Site for New Apartment Building -

11 Butler Ave.
Memphis, TN 38103
Sale Amount: $1.25 million

Sale Date: Feb. 23, 2015
Buyer: 495 Tennessee LLC
Seller: BCH Investments LLC
Details: The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Tennessee Brewery: The Revival series of events there move forward.

52. Makowsky Ringel Greenberg Still Going Strong -

In 2008, Memphis-based Makowsky Ringel Greenberg LLC acquired land inside the Schilling Farms community in Collierville for a new high-end apartment development.

53. Developer Focuses on Midtown Corner -

Developer Charles S. Ryan is looking to expand his Midtown real estate holdings. For several years Ryan has held discussions with property owners around the intersection of Cooper Street and Central Avenue.

54. 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.

55. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

56. Aren Investments Buys Winchester Haverty’s -

6870 Winchester Road
Memphis, TN 38115
Sale Amount: $1.1 million

Sale Date: June 2, 2014
Buyer: Aren Investments LLC
Seller: Kirsch Associates LP
Loan Amount: $850,000
Loan Date: June 2, 2014
Maturity Date: Nov. 15, 2015
Lender: BancorpSouth Bank
Details: Local real estate investment firm Aren Investments LLC has paid $1.1 million for the Haverty’s furniture store at 6870 Winchester Road in Hickory Hill.

57. Eastgate Set for Possible Makeover -

A venerable shopping center in East Memphis could be getting a significant makeover, according to a recent retail market report from CB Richard Ellis Memphis.

Eastgate Center LLC, the owner of Eastgate Shopping Center at Park Avenue and White Station Road in East Memphis, could make significant aesthetic improvements to the retail center beginning this year.

58. Germantown Board OKs Whole Foods Zoning -

Two major retail projects in Germantown have received a green light to move forward.

The Germantown Board of Mayor and Aldermen on Monday, Jan. 27, approved several zoning exemptions for a proposed Whole Foods store – important votes that moved the project closer to completion – as well as a redevelopment plan for the Shops at Saddle Creek.

59. 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.

60. 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.

61. Collierville Fred’s Sells for $1.5 Million -

450 U.S. 72
Collierville, TN 38017
Sale Amount: $1.5 million

Sale Date: Dec. 20, 2013
Buyer: Collierville Realty Holdings LLC
Seller: Washington Square Properties (a Tennessee general partnership composed of Thomas W. Taylor, trustee of the Thomas W. Taylor Revocable Living Trust dated April 27, 2000, and Thomas W. Hart)
Loan Amount: $793,000
Loan Date: Dec. 20, 2013
Maturity Date: Dec. 20, 2016
Lender: First Capital Bank
Details: The 19,152-square-foot fred’s retail store at 450 U.S. 72 in Collierville has sold for $1.5 million.

62. Germantown Planning Commission OKs Plan for Whole Foods -

Developers on Tuesday, Jan. 7, cleared a key regulatory hurdle for a planned Whole Foods Market store in Germantown.

Before a packed house, the Germantown Planning Commission voted to approve a revamped plan for a new Whole Foods store at the southeast corner of the intersection of Poplar Avenue and Pete Mitchell Road, on the eastern edge of Germantown’s Central Business District.

63. Plans in Works for Dormant Midtown Project -

City officials are working on plans to kick-start the dormant Washington Bottoms project at Poplar Avenue and Cleveland Street in Midtown.

Memphis Housing and Community Development director Robert Lipscomb confirmed that he is working on the effort but said he was not yet able to release detailed information on the project.

64. Traffic Concerns Delay Germantown Whole Foods -

The development team behind a proposed Whole Foods store in Germantown is going back to the drawing board after some neighbors expressed concerns about the project, particularly over traffic.

The development team withdrew its application from the Germantown Planning Commission’s Tuesday, Dec. 3, agenda and will return next month. After that, the development team would need approval from Germantown’s Board of Mayor and Aldermen.

65. Fresh Market, Whole Foods Seek Approval From Boards -

Two planned high-profile grocery stores will be seeking regulatory approval in the coming weeks.

The Fresh Market is applying for a special-use permit from the Land Use Control Board Dec. 12 to convert the existing Ike’s store on Union Avenue into one of the chains upscale grocery stores.

66. Apartment, Retail Markets Holding Steady -

The Memphis area multifamily and retail markets continue to chug along, with the newer, more upscale products in each sector propping up both overall markets.

Those trends and others in commercial real estate will be the subject of discussion Thursday, Nov. 7, during the 2013 Commercial Real Estate Review & Forecast, one of six seminars in The Daily News’ 2013 Seminar Series.

67. Whole Foods Eyes Germantown Site -

Whole Foods Market and local development firm Cypress Realty Holdings Co. are targeting the Poplar Avenue corridor in Germantown for the Memphis area’s second Whole Foods store.

68. Henry Turley Co. Files Permits for South Junction -

727 E. Mann Circle; 726. E. Mann Circle; 725 W. Mann Circle; 35 W. Georgia Ave.; 649 Florida St.; 18 W. Carolina Ave.; 9 E. Carolina Ave.
Memphis, TN 38103
Permit Costs: $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.4 million

69. Oklahoma Hotel Group Buys Baymont Inn -

6020 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $2.1 million

Sale Date: Aug. 6, 2013
Buyer: Champion Regional Development LLC
Seller: BRE/LQ Properties LLC
Loan Amount: $2.1 million
Loan Date: Aug. 7, 2013
Maturity Date: N/A
Borrowers: Sunny Management LLC; KNSB LLC; Jansa LLC
Lender: InterBank
Details: An affiliate of Oklahoma City-based Champion Hotels has paid $2.1 million for the 103-room Baymont Inn & Suites Memphis East hotel at 6020 Shelby Oaks Drive in Northeast Memphis.

70. Fresh Market Eyes Midtown Property for New Store -

The Fresh Market, the upscale specialty grocery store, has had its sights on Midtown Memphis for some time and may have found the right address.

The Greensboro, N.C.-based grocer and retailer is eyeing the vacant office building and hotel at the southwest corner of Union Avenue and McLean Boulevard, according to several sources, who said the property is under contract to be purchased.

71. Market of Riverdale Bend Sells for $6.2 Million -

7114-7186 Winchester Road Memphis, TN 38125

Sale Amount: $6.2 million

Sale Date: July 2, 2013

72. Kroger-Anchored Center Sells for $14.6 Million -

4270 Summer Ave. Memphis, TN 38122

Sale Amount: $14.6 million

Sale Date: June 18, 2013

73. Jamesbridge Apartments Sell for $3.6 Million -

3689 James Road Memphis, TN 38128

Sale Amount: $3.6 million

Sale Date: June 6, 2013

74. Virginia Company Buys Poplar Avenue Retail Property -

7665 Poplar Ave. Germantown, TN 38138

Sale Amount: $2.9 million

Sale Date: April 19, 2013

75. Wills Stewarding Growth of East Memphis Land -

For Walter Wills III, taking care of his neighborhood and the surrounding area is one of his life tasks.

Wills & Wills LP has owned much of the land in the Kirby-Quince corridor for more than 40 years. The area is seeing an influx of medical office and retail users in the past few years, and more are expected with a new Regional Medical Center at Memphis outpatient center in the area.

76. Victory Packaging Relocates to Memphis -

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.

77. Realty Income Corp. Buys Herbalife Facility -

5025 Crumpler Road Memphis, TN 38141

Sale Amount: $16.6 million

78. Levenger Leases Up EastPark IV -

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.

79. $3.5 Million McVay Station Begins -

Three Class A speculative office buildings have broken ground in Germantown at McVay Road and Poplar Pike.

The $3.5 million development, named McVay Station Professional Center, is by Jason Speed, local developer and contractor whose claim to fame was Corporate Gardens, a $24 million, 148,000-square-foot retail and office park delivered in 2001 on 14 acres at Forest Hill Irene Road and Poplar Pike.

80. Broadway Pizza Buys Building for East Memphis Expansion -

627 S. Mendenhall Road Memphis, TN 38117

Sale Amount: $365,000

Sale Date: Sept. 13, 2012

81. Lease Takes Appling Farms to Capacity -

A distributorship of Pella Corp. has inked 11,300 square feet in Appling Farms Corporate Park, 6972 Appling Farms Parkway.

82. Shelby Oaks Red Roof Inn Sells for $1.6 Million -

6055 Shelby Oaks Drive
Memphis, TN 38134

Sale Amount: $1.6 million

Sale Date: Sept. 19, 2012

83. Hickory Hill Warehouse Sells for $1.3 Million -

5837 Distribution Drive
Memphis, TN 38141

Sale Amount: $1.3 million

Sale Date: July 11, 2012

84. Walgreens Buyer Finances Purchase With $2.6M Loan -

WG Memphis Holdings LLC, the Hamilton, N.J.-based company that bought the Walgreens site at 6980 E. Holmes Road, has financed the purchase with a $2.6 million loan through Wells Fargo Bank NA.

85. Walgreens Site on Holmes Sells for $3.5 Million -

Hamilton, N.J.-based WG Memphis Holdings LLC has bought a Walgreens property at 6980 Holmes Road for $3.5 million, the same price seller Trio Investments LLC paid for it a decade ago.

86. 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.

87. Sears Adds Ex-Brookstone CEO to Head Merchandising -

NEW YORK (AP) – Sears Holdings Corp.'s CEO says he's looking to former Brookstone head Ron Boire as its new chief merchandising officer to help meld the store experience with online and mobile shopping.

88. WPG Americas Signs Lease in Southaven -

A San Jose, Calif.-based worldwide electronics distributor is entering the Memphis area with full force.

WPG Americas Inc. has signed a 54,000-square-foot lease at Airways Distribution Center, 481 Industrial Drive, in Southaven. The project – a relocation of the WPG America’s New York facility – represents a $1.5 million investment by the company and will create 60 jobs over the next three years.

89. Family Dollar Signs 2 Leases for Stores -

Family Dollar has signed a 12,000-square-foot lease at 2754 Lamar Ave. Shawn Massey, partner with The Shopping Center Group LLC, represented the tenant. Harold Blockman with Keller Williams Realty Inc. represented the landlord, Chong K and Dul S. Pae.

90. Memphis Firm Acquires Two Atlanta Properties -

Memphis-based Cypress Realty Holdings Co. has acquired two outparcels in the North Atlanta market.

91. Highwoods Extends Tenants at Southwind Office Center -

Raleigh, N.C.-based Highwoods Properties Inc. has signed two deals at its Southwind Office Center, a 62,000-square foot, three-story building with views of the Tournament Players Club at Southwind golf course.

92. Omni Visions Deal Headlines Leasing Activity -

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

93. MedVet Memphis Builds New Cordova Facility -

555 Trinity Creek Cove
Cordova, TN 38018
Permit Amount: $3 million

Permit Date: Applied August 2010
Completion: May 2011 (open Summer 2011)
Owner: MedVet Memphis LLC
Tenant: MedVet Memphis LLC
Architect: archimania
Contractor: Grinder, Taber & Grinder Inc.

94. Gill Enterprises Sells Land to CVS for Cordova Pharmacy -

786 N. Germantown Parkway
Cordova, TN 38018
Sale Amount: $2.2 Million

Sale Date: July 28, 2010
Buyer: CVS 6628 TN LLC
Seller: Gill Enterprises GP

95. Brownstone Lands First Tenant In Radiological and Vascular Center -

7695 Poplar Pike
Germantown, TN 38138
Sale Amount: $1.6 Million

Sale Date: May 28, 2010
Buyer: MRPC Building LLC
Seller: Salvaggio Group LLC
Loan Amount: $1.2 million
Loan Date: May 28, 2010
Maturity Date: Aug. 21, 2011
Lender: MedArm Inc.

96. Shelby County Schools Files Permit For Millington Central Renovations -

8057 Wilkinsville Road
Millington, TN 38053
Permit Amount: $3.9 Million

Project Cost: $5 million
Permit Date: Applied June 2010
Completion: July 2011
Owner: Shelby County Schools
Tenant: Millington Central High School
Contractor: Barnes & Brower Inc.
Architect: Steve Landwehr, Fleming/Associates/Architects PC

97. Shelby Drive AutoZone Sells for $1.2 Million -

A-Z Memphis Holding Inc., the developer of a retail building that houses an AutoZone store at 8071 E. Shelby Drive in Southeast Memphis, has sold the property for $1.2 million to Yicai Ruan and Xiaoqin Li of Collierville.

98. 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.

99. Crews Buys Collierville Hampton -

1280 W. Poplar Ave.
Collierville, TN 38017
Sale Amount: $5.1 Million

Sale Date: May 11, 2010
Buyer: SGR LLC
Seller: Collierville Hotels GP
Loan Amount: $3.8 million
Loan Date: May 11, 2010
Maturity Date: May 11, 2015
Lender: First Citizens National Bank

100. CCDC to Consider Loan, Grant Applications -

The board of directors for the Center City Development Corp. at its meeting Wednesday will discuss a development loan application for a corner location at 77 S. Main St. and 85 Union Ave. and a second one for the Memphis College Preparatory Elementary School at 278 Greenlaw Ave.