Editorial Results (free)
1. Last Word: Vince Carter Leaves, Fairgrounds and Pulling the Plug on Green Tech
- Friday, July 7, 2017
Vince Carter joins Zach Randolph with the Sacramento Kings next NBA season with an $8 million one-year pact for Carter. Still no word on Tony Allen’s free agency status as we put this up. The Grizz plan to retire Randolph’s jersey.
2. Lofty Company
- Thursday, April 4, 2013
For creating the overnight package-delivery business four decades ago, and for everything his company has done since, FedEx Corp. founder Fred Smith has been placed among an elite group of chief executives by the business magazine Barron’s.
3. First Tennessee Unit to Move Downtown
- Friday, September 7, 2012
First Tennessee Bank is preparing its Downtown Memphis headquarters for occupancy of one of its units.
4. LSI Buys Flex Space to Expand
- Friday, August 24, 2012
A northeast industrial flex warehouse in Appling Center Industrial Park has been snatched up by an expanding Bartlett-based engineering firm.
Larry W. Bailey, trustee of the Bailey Children’s Trust, bought the 30,397-square-foot facility and its 2.55 acres at 2756 Appling Center Cove for $1.5 million.
5. 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.
6. StyleCraft Signs Lease At Airways Building E
- Friday, July 13, 2012
Home decor company StyleCraft Home Collection Inc. has signed a 167,600-square-foot lease at Industrial Developments International’s Airways Distribution Center Building E.
7. Unified Moves To East Pointe Biz Center
- Friday, April 20, 2012
An independent forensic engineering and investigations company has relocated its Mid-South Service Center to a more secure location.
Unified Investigations & Sciences Inc. has inked 8,565 square feet in East Pointe Business Center Building D, 3875 Vantech Drive. The Suwanee, Ga.-based tenant was previously located at 3955 Whitebrook Drive, where it serviced Arkansas, North Mississippi and West Tennessee.
8. Crye-Leike Sells Properties, Land At Feb. Auction
- Friday, March 30, 2012
Multiple properties in the Memphis area have traded hands as a result of an auction held by Crye-Leike Auction Services in February.
Kays Nawaf Employee Pension Plan sold three flex warehouse buildings at 4652 Damascus Road, 4660 Damascus Road and 4668 Damascus Road, ranging from 7,450 square feet to 10,160 square feet. There was a published minimum bid of $83,000 each.
9. Benz Repair Shop to Open On Cooper St.
- Friday, March 9, 2012
A high-end automobile maintenance and repair shop soon will be added to Cooper-Young’s booming portfolio of local businesses.
Shane Herbers, founder of Midtown Motor Werks, has leased 5,000 square feet at 795 S. Cooper St. from Richard Sullivan.
10. Elite Electric Relocates to Hickory Withe
- Friday, February 3, 2012
A local electrical designer is relocating its operations from Collierville to Hickory Withe.
Elite Electric & Lighting Inc. has purchased 5,000 square feet of the former John Deere Landscapes facility at 2875 U.S. 64 from K&L Highway 64 Investments LLC for $425,000.
11. JLS Enterprises Buys SE Market Warehouse
- Friday, September 2, 2011
A 51,000-square-foot industrial building in the Southeast submarket has traded hands. JLS Enterprises LLC purchased 4021 Delp St. in Airport Industrial Park for $850,000. The warehouse currently houses Coca-Cola Enterprises Inc. and is 100 percent occupied.
12. Local Investors Buy SE Memphis Office Condos
- Friday, August 26, 2011
A portfolio of office condominiums in Southeast Memphis have sold to a group of local investors.
Winchester Office Plaza at 5501, 5507 and 5489 Winchester Road has sold to QSM Holdings LLC for $273,333.
13. Airport Hotel, Conference Center Sells for $4.4M in Foreclosure
- Tuesday, August 16, 2011
2240 Democrat Road
Memphis, TN 38132
Sale Amount: $4.4 million
Sale Date: July 22, 2011
14. Vieux Carre Retail Center Sells for $1.3 Million
- Monday, August 15, 2011
Vieux Carre Investments LLC has bought Vieux Carre, a neighborhood shopping center at 7981 Dexter Road, from Nancy S. Waddell for $1.3 million. The deal closed July 28.
15. Ga.-Based Coastal Logistics Signs Lease
- Friday, June 24, 2011
A budding Savannah, Ga.-based third-party logistics firm is expanding into the Southeast Memphis industrial market. Coastal Logistics Group Inc. has signed a new 50,000-square-foot lease at 5715 Distribution Drive.
16. Sale Could Bring Improvements To Bella Vista
- Friday, January 15, 2010
Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.
In March 2007, a newly formed company, Maple Creek Advisors LLC of Dallas, made its first multifamily acquisition with plans to invest $4 million of renovations in the property.
17. Recession Not Welcome
- Tuesday, March 3, 2009
A touch of New Orleans is taking shape in Memphis thanks to a family owned real estate development group called The Commons at Dexter Lakes LLC.
18. 62-Bed Alzheimer’s Facility Coming to Germantown
- Tuesday, November 4, 2008
3179 Professional Plaza
Germantown, TN 38138
Permit Amount: $5.6 Million
Project Cost: $5.6 million
Permit Date: Applied October 2008
Completion: October or November of 2009
Owner: Alexander Enterprises
Tenant: Alexander Enterprises
Contractor: Patton and Taylor Enterprises
Architect: O.T. Marshall Architects
Details: An Alzheimer’s facility called the Gardens of Germantown soon will rise at 3179 Professional Plaza, which runs between Poplar Avenue and Poplar Pike near the Germantown/Collierville border.
Developer Alexander Enterprises has filed a permit application with the city-county Department of Construction Code Enforcement to build the 30,500-square-foot, single-story facility. The Gardens of Germantown will be a 48-unit, 62-bed facility that sits on roughly half of a 4.36 acre-parcel backing up to the Village Shops of Forest Hill retail center. Beacon Communities Inc. of Cumming, Ga., will manage the facility.
Construction on the building, set to begin in December, should take 10 months, said Michael Alexander of Alexander Enterprises, with an opening projected for October or November 2009. The property has been divided into two lots, with the Gardens of Germantown slated for the northwest corner of the property.
1.46 Acres in Commons at Dexter Lake
Cordova, TN 38018
Loan Amount: $1.2 Million
Loan Date: Oct. 2, 2008
Maturity Date: April 22, 2009
Borrower: Commons at Dexter Lake LLC
Lender: First Citizens National Bank
Details: A $1.6 million retail center with a French Quarter motif is being built in Cordova. The Commons at Dexter Lake LLC has filed a $1.2 million construction loan to build a 10,400-square-foot retail center, dubbed Vieux Carré, south of Dexter Road and west of Chickering Lane. Construction started last week. The development team bought the land from John B. Maxwell Jr., trustee for the sellers, for $334,541 and filed the construction loan through First Citizens National Bank. Commons at Dexter Lake LLC principal Nancy Waddell signed the trust deed. The center will sit on a 1.46-acre parcel near the Commons at Dexter Lake retail center and the Reserve at Dexter Lake apartments. A spokesman for the developer said the seven-bay center already has five leases signed. Tenants include a Belle Meade salon, financial planner Martin Hearn, a Crown Trophy store and a florist/gift shop. Jeff Blackledge is architect for Vieux Carré. KT Construction LLC, whose partners are Scott Turnage and Riley Kail, will be the general contractor. Turnage said the company is “stripping the lot off right now and pushing hard for the first of the year” to complete the center. “We’re going to go for kind of a hybrid French Quarter style – we’re going to be doing more of a Bourbon Street look,” Turnage said. “It’s going to be a strip center, but we’re going to try to give each space individuality, using depth and height offsets to try to give each space somewhat of a unique appearance.” More retail space will be coming to the site soon.
6075 Winchester Road
Memphis, TN 38115
Sale Amount: $1.4 Million
Sale Date: Oct. 23, 2008
Buyer: World Overcomers Outreach Ministries Church Inc.
Seller: Carlyle Rock Ridge LLC
Loan Amount: $1.2 million
Loan Date: Oct. 24, 2008
Maturity Date: N/A
Lender: Tri-State Bank of Memphis
Details: World Overcomers Outreach Ministries Church Inc. has bought the Hickory Ridge Mall for $1.4 million from Carlyle Rock Ridge LLC. The roughly 500,000-square-foot Hickory Ridge Mall sits on 44 acres at 6075 Winchester Road in Hickory Hill. It was damaged by a tornado during the Feb. 5 storms that ripped through the southern and southeastern areas of town. World Overcomers will retain its congregational home at the former Central Church at 6655 Winchester Road, down the road from the mall. The church bought that property in 2001 for $10 million. Church pastor Alton Williams has announced plans to turn the mall into a Christian community center, replete with a restaurant, banquet hall, theater and other services for the neighborhood. The Hickory Ridge Mall opened in 1981 to much fanfare, but it steadily declined over the years as newer malls opened in other parts of town and tenants departed. The February storm proved to be a death knell for the mall. Although the city of Memphis considered buying it and turning it into a satellite office for city services, the renovation proved too costly.
19. New Orleans-Style Center Comes to Cordova
- Thursday, October 30, 2008
A $1.6 million retail center with a French Quarter motif is being built in Cordova. The Commons at Dexter Lake LLC has filed a $1.2 million construction loan to build a 10,400-square-foot retail center, dubbed Vieux Carré, at the southwest corner of Germantown Parkway and Dexter Road. Construction started this week.
The development team bought the land from John B. Maxwell Jr., trustee, for $334,541 and filed the construction loan through First Citizens National Bank. Commons at Dexter Lake LLC principal Nancy Waddell signed the trust deed.
The center will sit on a 9-acre parcel west of the Jason’s Deli off Dexter Road. The property is near the Commons at Dexter Lake retail center and the Reserve at Dexter Lake apartments.
A spokesman for the developer said the seven-bay center already has five leases signed. Tenants include a Belle Meade salon, financial planner Martin Hearn, a Crown Trophy store and a florist/gift shop.
Jeff Blackledge is architect for Vieux Carré. KT Construction LLC, whose partners are Scott Turnage and Riley Kail, will be the general contractor. Turnage said the company is “stripping the lot off right now and pushing hard for the first of the year” to complete the center.
“We’re going to go for kind of a hybrid French Quarter style – we’re going to be doing more of a Bourbon Street look,” Turnage said. “It’s going to be a strip center, but we’re going to try to give each space individuality, using depth and height offsets to try to give each space somewhat of a unique appearance.”
More retail space will be coming to the site soon.
Source: The Daily News Online & Chandler Reports
20. Smith Named President at Zycron Inc.
- Wednesday, February 6, 2008
Steven Howard Smith of Zycron Inc., Tennessee's largest minority-owned information technology services firm, has been chosen as the company's new president.
Smith joined Zycron in July as executive vice president. He has more than 21 years of management experience in the information technology consulting industry.