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Editorial Results (free)
1. Mall of Memphis Property Bought by Trucking Company
- Tuesday, January 5, 2016
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.
2. iBank Tower Sells for $19.2 Million
- Thursday, December 31, 2015
The iBank Tower, located at 5050 Poplar Ave., has sold for $19.2 million, and for the first time, the same owner controls both the iBank Tower and the nearby Clark Tower at 5100 Poplar Ave.
3. 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.
4. I-Bank Tower on Poplar Sells for $14.4 Million
- Tuesday, October 30, 2012
5050 Poplar Ave. Memphis, TN 38117
Sale Amount: $14.4 million
Sale Date: Sept. 14, 2012
5. I-Bank Tower Sells For $14.4 Million
- Monday, October 29, 2012
The I-Bank Tower at 5050 Poplar Ave. in East Memphis has traded hands for $14.4 million, although the sale appears to be an internal transfer as the result of a corporate acquisition.