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Editorial Results (free)

1. Week Ahead: Feb.19-25 -

It seems the only thing consistent about this hot again, cold again weather is the rain. As we enter another week of the waning winter, there are plenty of events to keep you entertained. But don’t forget the umbrellas, Memphis!

2. 100 N. Main Owners Buy Additional Property -

80, 86, 88 N. Main St., Memphis, TN 38103: Less than a month after the 100 North Main Building was effectively reclaimed by the lender at a foreclosure auction, New York-based real estate firm Townhouse Management Co. affiliate THM Memphis Acquisitions LLC has purchased adjacent parcels.

3. DCA Planning to Add Community Amenities To Downtown HQ -

Creative communications consulting firm DCA has submitted plans to the Downtown Memphis Commission for some upgrades and new community-oriented amenities at its South Main headquarters.

DCA founder Doug Carpenter bought the 100-year-old former Nabisco warehouse at 11 W. Huling Ave. last April and relocated the firm there in December.

4. DCA Unveils New-Look Downtown HQ -

Creative communications consulting firm DCA has submitted plans to the Downtown Memphis Commission for some upgrades and new community-oriented amenities at its South Main headquarters.

DCA founder Doug Carpenter bought the 100-year-old former Nabisco warehouse at 11 W. Huling Ave. last April and relocated the firm there in December.

5. Residential Infill Projects Span the City -

Residential infill is the primary theme of the Land Use Control Board’s March 3 agenda, as multiple developers are look to add dozens of new units from South Main to East Memphis.

The largest of the bunch is Philip Woodard’s application for a 30-lot subdivision in the South Main Historic Arts District.

6. FedEx Customer Service Building Sells for $14M -

The 125,000-square-foot building that houses FedEx’s TechConnect Customer Service center in Collierville has switched hands for $14 million.

In the deal, BAP Properties sold the Class B warehouse located at 477 Distribution Parkway to Infinity Nine Collierville LLC for $14 million.

7. Last Word: Welders & Machinists, MLGW & Trust and Blockchain -

A new report shows jobs in demand in the Memphis area at a time when we are again talking about which expansions and new businesses should be getting incentives and how to get better paying jobs. The annual report by CERT – Center for Economic Research in Tennessee – shows high employer demand for information technology, health care, engineering, business and financial operations and welding.

8. Cooper Tire Taking 1 Million Square Feet in Gateway Global -

Ohio-based tire manufacturer Cooper Tire & Rubber Co. will lease a 1 million-square-foot warehouse in Gateway Global Logistics Center in Marshall County that Newport, California-based Panattoni Development Co. broke ground on Wednesday, Feb. 7. 

9. Memphis a Hot Bed for High-Demand Jobs -

Each year the Center for Economic Research in Tennessee puts together its Labor and Education Alignment Program report detailing which jobs are most in demand statewide and for each of the state’s nine economic and community development regions.

10. Getting Road Ready -

Volunteers help unpack and assemble 600 bicycles at the nonprofit Explore Bike Share’s temporary storage warehouse at 61 Keel Ave. on Tuesday, Feb. 6. The BCycle Dash bicycles hit the road at Bike Share stations across Memphis this spring. (Daily News/Houston Cofield)

...

11. Insulin Quality Questions Have Diabetes Experts Scrambling -

TRENTON, N.J. (AP) – Preliminary research suggesting that some diabetes patients may be injecting medicine that has partially disintegrated is causing concern even as serious questions are raised about the research itself.

12. FedEx Customer Service Building Sells for $14M -

The 125,000-square-foot building that houses FedEx’s TechConnect Customer Service center in Collierville has switched hands for $14 million.

In the deal, BAP Properties sold the Class B warehouse located at 477 Distribution Parkway to Infinity Nine Collierville LLC for $14 million.

13. FedEx Customer Service Building Sells for $14M -

The 125,000-square-foot building that is home to FedEx’s TechConnect Customer Service center in Collierville has switched hands for $14 million.

In the deal, BAP Properties sold the Class B warehouse located at 477 Distribution Pkwy to Infinity Nine Collierville LLC for $14 million.

14. Explore Bike Share Seeks Volunteers to Unpack Bikes -

Explore Bike Share is inviting the community to help unpack bike-share equipment Tuesday through Thursday, Feb. 6-8, in anticipation of the system’s spring launch in Memphis.

Six hundred state-of-the-art BCycle Dash bikes were set to arrive Thursday and Friday, Feb. 1-2, in more than 600 boxes, according to Explore Bike Share operations director Rajah Brown.

15. Digest -

Memphis Toys R Us

To Remain Open

A representative with Toys R Us has confirmed to The Daily News that the retailer’s Memphis location, at 7676 Polo Ground Blvd., won’t close after all.

16. Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers -

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

Radial, a third-party logistics firm that manages the distribution center for Target Corp., has filed notice with the Tennessee Department of Labor and Workforce Development that the permanent layoffs at its 5461 Davidson Road facility will start April 7 and continue through April 30.

17. Last Word: Wiretaps in the Wright Case, Target Layoffs and SCS Looks To Move -

Democratic Congressman Steve Cohen of Memphis among those boycotting the State of the Union address Tuesday evening by President Donald Trump. “The president is unworthy of the podium, the position and the power.” Republican Congressman David Kustoff of Germantown among those not boycotting SOTU. “Just one year after president Trump took the oath of office, our economy is the strongest it has been in decades. … We passed historic tax reform and we bolstered our military and support our veterans. Last year, the president kept his promises and tonight, he told the American people that he is not done.”

18. Explore Bike Share Seeks Volunteers to Unpack Bikes -

Explore Bike Share is set to receive seven truckloads of bike-share equipment Thursday and Friday, Feb. 1-2, at its Uptown staging warehouse, 61 Keel Ave., in anticipation of the system’s spring launch in Memphis.

19. Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers -

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

Radial, a third-party logistics firm that manages the distribution center for Target Corp., has filed notice with the Tennessee Department of Labor and Workforce Development that the permanent layoffs at its 5461 Davidson Road facility will start April 7 and continue through April 30. 

20. More Caffeine, Please: Keurig Is Buying Dr Pepper Snapple -

NEW YORK (AP) – Keurig is buying Dr Pepper Snapple Group, bringing together the make-at-home coffee brand with the company behind Dr Pepper soda, Mott's apple juice and Snapple iced tea.

21. Rolling on the River -

Despite being the fifth-largest inland port in the United States, the Port of Memphis often gets outshined by its counterparts like Memphis International Airport and BNSF Railway’s intermodal facilities. 

22. Humane Society Names Davis 2018 Board President -

Ted Davis has been named 2018 president of the board of directors for the Humane Society of Memphis and Shelby County. Davis, who is a wealth adviser for Regions Bank, joined the humane society board in December 2015. His first priority was a campaign inspiring adopters to become donors, which led him to being the Paw Prints Gala committee chair in 2017.

23. Downtown Office Tower Reclaimed at Auction; Lafayette's to Expand -

100 N. Main St.

Memphis, TN 38103

Sale Amount: $1 million

Sale Date: Jan. 11, 2018

Buyer: THM Memphis Acquisitions

24. Downtown Office Tower Reclaimed at Auction; Lafayette's to Expand -

100 N. Main St.

Memphis, TN 38103

Sale Amount: $1 million

Sale Date: Jan. 11, 2018

Buyer: THM Memphis Acquisitions

25. 100 North Main Building Reclaimed at Auction; Lafayette’s Expanding -

100 N. Main St.

Memphis, TN 38103

Sale Amount: $1 million

Sale Date: Jan. 11, 2018

Buyer: THM Memphis Acquisitions

26. Lender Reclaims City’s Tallest Building, Lafayette’s Expanding -

100 N. Main St., Memphis, TN 38103 - THM Memphis Acquisitions LLC effectively bought the 100 North Main Building, a 37-story office tower, at a foreclosure auction on the courthouse steps after the property failed to receive any bids. A substitute trustee’s deed for the $1 million transaction was recorded with the Register’s Office Thursday, Jan. 11.

27. Last Word: The Snow Split, Amazon Post-Mortem and Intermodal Comeback -

A split verdict on Snow Day 4. Some school systems and colleges and universities are out again Friday, others are not and still others are opening later in the day. Shelby County Schools, which is out, says it has 13 extra days built into its schedule for just such an event or events – that is 13 days extra beyond the 180 days the state requires as the bare minimum for a school year.

28. TVESCO Building Sells for $800,000 -

The former TVESCO building, a 40,000-square-foot office/warehouse building located at 296 Adams Ave., has sold for $800,000.

29. Container Apartments, Warehouse Moving Ahead -

Plans for a southeast Memphis textiles distribution facility and a Medical District apartment development made of shipping containers both took steps forward Wednesday, Jan. 17, with approvals from local boards.

30. TVESCO Building Sells for $800,000 -

The former TVESCO building, a 40,000-square-foot office/warehouse located at 296 Adams Ave., has sold for $800,000.

31. Last Word: A New Majority, A Plan After Kroger and Cold Cases -

Shelby County elections administrator Linda Phillips has been watching the ebb and flow of petitions for the 2018 elections and has found what she believes is a link to the weather. “Apparently when the dreaded ‘snow’ word is mentioned in the forecast, not only do people go out and clear the shelves of milk, bread and eggs. They also decide to pick up a petition,” she wrote in an email with the list of who has pulled and who has filed in the last two days.

32. Walmart Boosts Starting Pay, Closing Dozens of Sam's Clubs -

NEW YORK (AP) – Walmart confirmed Thursday that it is closing dozens of Sam's Club warehouse stores across the country – a move that seems sure to cost jobs – on the same day it announced that it was boosting its starting salary for U.S. workers and handing out one-time bonuses to others.

33. Outlook Bright for Memphis' Gig Economy in ’18 -

Whether by choice or necessity, the number of people working freelance and contract jobs in Memphis and nationwide is increasing as the “gig economy” booms. Employers are saving money by not keeping as many employees on full-time or with benefits, while gig workers have added freedom and flexibility.

34. Industrial Market Closes 2017 With Strong Q4 -

The Memphis industrial market finished the year strong by adding almost 1 million square feet of net absorption in the fourth quarter, bringing the 2017 total to more than 4.3 million square feet.

It also marked the 18th consecutive quarter of positive net absorption for the Memphis market, capping off a more than four-year span that has seen more than 23 million square feet of space absorbed, according to brokerage firm CBRE’s Q4 Industrial MarketView report.

35. Moore Named Executive Director of Explore Bike Share -

Trey Moore has been named executive director of Explore Bike Share, the Memphis nonprofit that is preparing to launch a local bike-share system with 600 bicycles and 60 stations. Moore, who is returning to Memphis from Atlanta, Georgia, will lead Explore Bike Share’s staff in operations, fund development and community engagement activities in partnership with the organization’s board of directors.
As executive director, he also is committed to bicycling as a sustainable transportation option with access to as many Memphians as possible, and will help promote a bike-friendly culture in Memphis while encouraging exercise and healthy lifestyles.

36. Explore Bike Share Names Executive Director -

With its spring 2018 launch right around the corner, Memphis native Trey Moore has been named the inaugural executive director of Explore Bike Share.

Prior to taking this job, Moore served as executive director of voluntary health organizations in Atlanta for more than 12 years.

37. This Week in Memphis History: December 22-28, 2017 -

1929: Memphis Power & Light Co. advertises Christmas gifts in The Daily News, including Christmas tree lamps at $1.25 for a set of eight; washing machines for $99.50 or $185; waffle irons from $8.45; cigar lights “attachable to any socket” at $5 each; and curling irons “for maid or matron” at $1.95 and $3.

38. Explore Bike Share Names Executive Director -

With its spring 2018 launch right around the corner, Memphis native Trey Moore has been named the inaugural executive director of Explore Bike Share.

Prior to taking this job, Moore served as executive director of voluntary health organizations in Atlanta for more than 12 years.

39. Out-of-Town Investors Buy Gibson Guitar Factory -

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.

40. Piece by Piece: Construction Projects Flourishing Throughout Mid-South -

With $11 billion spread out among more than 300 active projects in the Memphis area, according to data from brokerage firm Cushman & Wakefield/Commercial Advisors, it’s safe to say business in the region is good.

41. Last Word: Norvell's New Contract, Grade-Changing Culture and Buying Gibson -

So the Grizz snap the losing streak Monday with a win over the Timberwolves. They try to start a winning streak Wednesday against the Knicks. Elsewhere, so much for a holiday lull. It was cold outside but many a keyboard around this place was warm enough Tuesday afternoon with both the anticipated and the unanticipated. And then there were those items that fall somewhere inbetween. Could happen but will it be today? In many of those cases, the answer was yes.

42. Outside Investors to Purchase Gibson Factory in Downtown Memphis -

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.

43. Spikner Plans Shipping-Container Apartment Complex -

126 N Bellevue Blvd.,
Memphis, TN 38104 

Application Date: Dec. 20, 2017

44. Amazon Builders File $36 Million Permit -

Tricore Builders Inc., the contractor building Amazon’s new $72 million receive center in Memphis, has filed a $35.9 million building permit application with construction code officials for new construction, interior offices and warehouse modifications.

45. Amazon Builders File $36 Million Permit -

Tricore Builders Inc., the contractor building Amazon’s new $72 million receive center in Memphis, has filed a $35.9 million building permit application with construction code officials for new construction, interior offices and warehouse modifications.

46. Animal Health Company To Open Southaven Facility -

An animal health care company has announced a new DeSoto County distribution center, carrying a $1.7 million investment and the creation of 27 jobs.

Henry Schein Animal Health announced in a news release this week that it will begin operations in a 50,000-square-foot facility in Southaven in December.

47. Palazola Produce Making Fresh Deliveries for Decades -

The Palazola name has been associated with produce in the Bluff City for more than a century.

In 1974, Mike Palazola founded M. Palazola Produce Co., a wholesaler and distributor of fresh fruits and vegetables to restaurants and institutional food service establishments in the Greater Memphis area, but his grandfather before him had delivered produce around the city out of his truck.

48. Speedway Terrace Seeks Historic District Status -

Located along a shady stretch of North Parkway, Speedway Terrace has all the look and feel of a classic Midtown Memphis neighborhood – historical homes, ties to the early days of the city, and an abundance of bungalows.

49. Animal Health Care Company to Open Southaven Facility -

SOUTHAVEN, Miss. (AP) – An animal health care company has announced a new Mississippi distribution center, carrying a $1.7 million investment and the creation of 27 jobs.

Henry Schein Animal Health announced in a news release Monday that it will begin operations in a 50,000-square-foot facility in Southaven in December.

50. Events -

The Whitehaven Partnership will meet Friday, Nov. 10, from 2:30 p.m. to 3:30 p.m. at the Whitehaven branch library, 4120 Millbranch Road. The organization seeks to clean up Whitehaven and address community concerns. Open to the public. RSVP to Calvin Burton at cburton615@hotmail.com or 901-345-3695.

51. Events -

The Whitehaven Partnership will meet Friday, Nov. 10, from 2:30 p.m. to 3:30 p.m. at the Whitehaven branch library, 4120 Millbranch Road. The organization seeks to clean up Whitehaven and address community concerns. Open to the public. RSVP to Calvin Burton at cburton615@hotmail.com or 901-345-3695.

52. Events -

The St. George’s Independent School Art Show takes place Thursday through Saturday, Nov. 9-11, at its Collierville campus, 1880 Wolf River Blvd. More than 50 local and regional artists will display and sell sculptures, paintings, mixed-media pieces and more. Visit sgisartshow.org for hours and tickets.

53. Last Word: Fairgrounds Surprises, Aquarium Reprise and Six Open Commission Seats -

There are lots of renderings and blueprints floating around this city of ours these days. Land opening up, locations changing, possibilities revealed, new uses for old places and old places giving way to new. So it’s not surprising to see some smaller changes that are nevertheless highly visible. Thus comes word with the new week that Spin City, the corner tenant at Poplar and Highland in Poplar Plaza, will close with the new year and Spaghetti Warehouse, on Huling Downtown, will close later this month in the week before Thanksgiving.

54. Iconic E. Memphis Office Building Sells for $19.7M -

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Faropoint Ventures. Faropoint intends to reinvest proceeds from the sale to buy other Memphis properties.

55. Week Ahead: November 6-12 -

Good morning, Memphis. The week starts off with the conclusion of the Indie Memphis Film Festival, followed by a plethora of cool things to do all week – including the Memphis in May barbecue cooking contest judging seminar. As usual, you rock, Memphis!

56. Exeter Closes on Fifth Major Purchase in October -

Pennsylvania-based real estate investment management firm Exeter Property Group made its fifth significant local investment within a month with the $13.8 million purchase of a 400,000-square-foot industrial property in southeast Memphis.

57. November 3-9, 2017: This week in Memphis history -

1933: The Tennessee Brewing Co. reopens for the first time in 15 years with the first bottles of Goldcrest beer, brewed and bottled in Memphis, delivered to stores by the Tennessee Brewing Co.

58. Exeter Closes on Fifth Major Purchase in October -

Pennsylvania-based real estate investment management firm Exeter Property Group made its fifth significant local investment within a month with the $13.8 million purchase of a 400,000-square-foot industrial property in southeast Memphis.

59. Explore Bike Share Seeks Permanent Headquarters -

In anticipation of its roll out next spring, Explore Bike Share is in the search for a permanent headquarters and a temporary warehouse to construct its 600-bike fleet.

For its permanent headquarters, the nonprofit bike-share initiative is seeking a minimum of 6,000 square feet with expansion opportunities and room for two overnight vans, a maintenance shop and a battery-charging station. It wants the facility to be within its initial service area, which includes Midtown, Downtown, Uptown, South Memphis, Binghampton and Orange Mound.

60. Gibson Plans to Sell Downtown Factory, Build a New One -

145 Lt. George W. Lee Ave., Memphis, TN 38103: Nashville-based guitar maker Gibson Brands Inc. confirmed Friday, Oct. 20, it is putting its Downtown Memphis factory on the market and plans to build and lease a new facility nearby.

61. Pennsylvania Investor Buys More Memphis Property -

Exeter Property Group has made its second significant splash in the Memphis market with the combined $34.5 million acquisition of two industrial properties.

In the first purchase, Exeter Property Group, doing business as Exeter 4755 Southpoint LLC, purchased a 700,000-square-foot Class A warehouse located at 4755 Southpoint Drive from New York-based Treeview Real Estate Advisors LP for $17.3 million.

62. Clicking on All Cylinders -

Memphis is a city on the precipice of change as projects that were once deemed impossible – like ServiceMaster’s Downtown headquarters or Crosstown Concourse – have emboldened developers and city officials to shoot for the moon.

63. Whitmor, Neat Method Merger Could Create Industry Giant -

While the home organization product industry is booming internationally, Whitmor Inc., a fourth-generation family owned company in Southaven, Mississippi, that has led in the industry for decades is getting ahead in the game again with the strategic purchase of a service provider.

64. Amazon Offers Both Sides Of Recurring Incentives Debate -

Memphis City Council member Martavius Jones calls it “ironic” that Memphis is competing with cities nationwide for Amazon’s $5 billion headquarters project even as Amazon executives have already picked Memphis for the site of a distribution center.

65. Pennsylvania Investment Group Makes $34.5M Splash -

Exeter Property Group as make its second significant splash in the Memphis market with the combined $34.5 million acquisition of two industrial properties.

In the first purchase, Exeter Property Group, doing business as Exeter 4755 Southpoint LLC, purchased a 700,000-square-foot Class A warehouse located at 4755 Southpoint Drive from New York-based Treeview Real Estate Advisors LP for $17.3 million.

66. U of M Files $33.5M Permit for Land Bridge -

570 Houston St. 

Memphis, TN 38111

Permit Amount: $33.5 million

Owner: University of Memphis

Details: The University of Memphis has filed a $33.5 million building permit application with the Office of Construction Code Enforcement to move forward with a parking garage and a long-awaited land bridge over the Southern Avenue railroad track.

67. Site of Amazon's HQ2 Has Much to Learn From Seattle -

SEATTLE (AP) – Memo to the many places vying for Amazon's second headquarters: It ain't all food trucks and free bananas.

For years, much of downtown Seattle has been a maze of broken streets and caution-taped sidewalks. Dozens of enormous cranes tower overhead as double-length dump trucks hauling excavated dirt rumble past pedestrians and bicyclists. The crashing and clanging of construction is the city's soundtrack on a perpetual loop.

68. Highline Aftermarket Expands at Memphis HQ -

Highline Aftermarket, a manufacturer and distributor of automotive chemicals, lubricants, parts, tools and related accessories, is expanding its existing Memphis presence and headquarters in Memphis.

69. Pettit Joins Food Bank As Chief Development Officer -

Attorney Peter Pettit has joined Mid-South Food Bank as chief development officer following his recent retirement as a partner in the Memphis office of Bass, Berry & Sims PLC. In his new role, Pettit works closely with food bank leaders to develop strategies and relationships with major gift donors, and specifically is working to complete the $12.5 million “Hunger to Hope” capital campaign.

70. Prologis Sells 2 Industrial Buildings for $23.8 Million -

San Fransisco-based Prologis Inc. has sold two parcels of its Memphis portfolio for a combined $23.8 million.

71. Designs for 3 Downtown Redevelopment Projects Approved -

Plans for three prominent Downtown redevelopment projects received the architectural green light Wednesday afternoon, Oct. 11, from the Downtown Memphis Commission’s Design Review Board.

Developer 495 TN Partners, which includes partners William Orgel, Jay Lindy and Adam Slovis, will be able to begin construction on Phase II of the Tennessee Brewery development at the southeast corner of Tennessee Street and Butler Avenue in the South Main Historic Arts District.

72. First Music Project Funded Through Memphis Slim House Loan Program -

Attendees of the Eric Hughes Band’s CD release party next week won’t see everything that goes into making a collection of tunes like the band’s latest.

The album – “Meet Me in Memphis” – and band will be feted Oct. 21 at the warehouse behind Earnestine & Hazel’s during a bash that includes live music and food by Central BBQ. Among the things that won’t be apparent amid the festivities, though, is all the work that goes into an undertaking like this, and the honing of chops that for Hughes has meant playing about 3,000 shows in Memphis since 2001.

73. Prologis Sells Two Industrial Buildings for $23.8M -

San Fransisco-based Prologis Inc. has sold two parcels of its Memphis portfolio for a combined $23.8 million.

74. Auto Supplier Denso: $1B Investment in Tennessee Plant -

NASHVILLE, Tenn. (AP) – Automotive supplier Denso announced plans Friday to invest $1 billion and create more than 1,000 new jobs in its main Tennessee facility to meet growing demand for electric vehicle parts.

75. Outdoors Retailer REI Planning First Memphis Store -

5895 Poplar Ave.
Memphis, TN 38119

Permit Amount: $900,000

Owner: Weingarten Realty

Tenant: REI

Details: Seattle, Washington-based sporting and camping goods retailer REI has filed a $900,000 building permit application for tenant improvement in the former Sports Authority building at 5895 Poplar Ave. in the Ridgeway Trace shopping center.

76. Constant Aviation Inks Deal Near Airport -

Cleveland, Ohio-based Constant Aviation recently signed a lease to occupy 33,950 square feet at 3720 Distriplex Drive near the intersection of Getwell Road and Shelby Drive.

77. Last Word: The Chamber on Forrest, Different Amazon News & More 2018 Dominoes -

The Greater Memphis Chamber rolls out its part of the push by the city administration to get a state waiver for the removal of the Nathan Bedford Forrest statue. Next week is the meeting of the Tennessee Historical Commission with Memphis Mayor Jim Strickland showing up to make his pitch. That is even though the chairman of the body has told him the commission will not take up a waiver at the meeting.

78. Amazon Planning Memphis Distribution Center, Sources Say -

Memphis is poised to land a massive Amazon distribution facility just north of the state line in Southeast Shelby County, according to multiple sources familiar with the project.

The Daily News first reported last week that Atlanta-based developer IDI Gazeley is launching a new large-scale commercial warehouse less than two miles from the Memphis International Airport, which appears to be the site that Amazon has targeted for its new fulfillment center.

79. Constant Aviation Inks Deal Near Airport -

Cleveland, Ohio-based Constant Aviation recently signed a lease to occupy 33,950 square feet at 3720 Distriplex Drive near the intersection of Getwell Road and Shelby Drive.

80. Positive Absorption Streak Continues in Industrial Market -

For the 17th straight quarter, the Memphis area industrial market continued its positive absorption streak, as it wrapped up Q3 2017 with more than 800,000 square feet of positive net absorption, according to commercial real estate brokerage firm CBRE’s Memphis Industrial MarketView Report.

81. IDI Planning Huge Facility Near Airport -

Atlanta-based developer IDI Gazeley appears to be planning a large-scale commercial warehouse less than two miles from the Memphis International Airport.

Located at 3292 Holmes Road, near the intersection of Holmes and Tchulahoma roads, IDI has already began moving dirt on the 139-acre site to prepare for a new commercial warehouse facility. The property is currently being marketed by Scott Pahlow with the commercial real estate advisory firm Newmark Knight Frank.

82. DHL Planning New Memphis Distribution Facility -

0 Tchulahoma Rd.
Memphis, TN 38118

Tenant: DHL Supply Chain

Landlord: Belz Enterprises

83. DHL Planning New Memphis Distribution Facility -

International shipping giant DHL Supply Chain is planning a massive new development just north of the Tennessee-Mississippi state line.

The global logistics division of Germany’s Deutsche Post DHL Group is looking to build a 580,000-square-foot distribution facility on 55 acres of vacant land east of Tchulahoma Road and west of Meltech Boulevard on the northern border of the state line.

84. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

85. Massachusetts Investor Buys Warehouse on Delp -

Wellesley, Massachusetts-based Trident Capital Group has purchased a 150,000-square-foot industrial facility in the airport submarket for $3.5 million.

Trident, doing business as TCG 4290 Delp LLC, bought the warehouse at 4290 Delp St. from a group of investors comprised of three individual entities, according to a warranty deed filed with the Shelby County Register Sept. 19. Ronald Baumgarten with RNB Interests controlled 55 percent of the selling entity, while Brett Baumgarten with BRB Interests and Brett Keeshin with BAK Interests controlled 22.5 percent each.

86. Raised From the Dead -

GHOST AND SPIRIT. I walked through the town at mid-morning. Like any town you spend a lifetime in, you know people.

I spoke to the guy that owns the coffee shop, Jimmy Lewis, as he walked between customers over cups and conversation. He and I went to the same high school, and I see they’re building a new high school right here in town – going to be trying all kinds of new ideas in there, a public/private, secondary/higher education partnership model for the country I’m told.

87. Massachusetts Investor Buys Airport-Area Facility -

Wellesley, Massachusetts-based Trident Capital Group has purchased a 150,000-square-foot industrial facility in the airport submarket for $3.5 million.

Trident, doing business as TCG 4290 Delp LLC, bought the warehouse at 4290 Delp St. from a group of investors comprised of three individual entities, according to a warranty deed filed with the Shelby County Register Sept. 19. Ronald Baumgarten with RNB Interests controlled 55 percent of the selling entity, while Brett Baumgarten with BRB Interests and Brett Keeshin with BAK Interests controlled 22.5 percent each.

88. Germantown Medical Office Sells for $16M -

1325 Wolf Park Drive, Germantown, TN 38138

Sale Amount: $15.9 million

Buyer: Global Medical REIT

89. Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

90. SE Memphis Industrial Center Sells for $3.7 Million -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

91. Soulsville Gateway Has 2nd Site -

The South Memphis Alliance is about to close on a 52,923-square-foot warehouse on South Bellevue at Walker Street, the second part of a hard-fought gateway to the Soulsville area that has been in the works for the past five years.

92. Plymouth REIT Expands Memphis Portfolio -

Boston-based real estate investment firm Plymouth Industrial REIT has expanded its local portfolio with the acquisition of a 132,000-square-foot industrial center in southeast Memphis.

In the deal, Plymouth purchased the property from Huntington Industrial Partners for $3.7 million.

93. Tennessee Taco Opens in Former Los Compadres Space -

3295 Poplar Ave.
Memphis, TN 38111

94. Honeywell Inks Lease At Airport Industrial Park -

Honeywell International Inc., a Fortune 100 software-industrial company based in New Jersey, has signed a lease to occupy 100,000 square feet inside the Airport Industrial Park.

95. Marketing Firm Prepares For New Downtown HQ -

Oden & Associates Inc., a locally owned marketing firm, has filed a pair of permits totaling $3.6 million to renovate its future headquarters at 158 Vance Ave. in Downtown Memphis.

96. Financial Services Firm Takes Floor in Clark Tower -

In this week’s Real Estate Recap, a financial services firm inks a full floor in Clark Tower and Crosstown High School files a $4.1 million permit to build-out space in the Crosstown Concourse for its charter school that is scheduled to open next fall. 

97. Financial Services Firm Takes Floor in Clark Tower -

In this week’s Real Estate Recap, a financial services firm inks a full floor in Clark Tower and Crosstown High School files a $4.1 million permit to build-out space in the Crosstown Concourse for its charter school that is scheduled to open next fall. 


98. Marketing Firm Moving Ahead With New Downtown HQ -

Oden & Associates Inc., a locally owned marketing firm, has filed a pair of permits totaling $3.6 million to renovate its future headquarters at 158 Vance Ave. in Downtown Memphis.

99. Pottery Studio/Coffee House to Open on Highland Strip -

549 S. Highland St.
Memphis, TN 38122

Lease Size: 2,788 square feet

100. Appliance Company Inks Memphis Industrial Lease -

CE North America, a subsidiary of appliance maker CEM Global, recently signed a lease to occupy a 45,000-square-foot facility in Southeast Memphis.

Hank Martin, NAI Saig Co. vice president and business manager, represented the tenant in the deal, while Tim Mashburn, vice president of Collier International’s Industrial Division, represented the landlord, DP 73 LLC.