939 Ridge Lake Blvd.

Memphis, TN 38120

Sale Amount: $31 million

Sale Date: Jan. 3, 2018

Buyer: Linchris Hotel Corp.

Seller: Davidson Hotels and Resorts

2. Priam Purchases Primacy Parkway Property for $14M - Thursday, January 11, 2018

Nashville-based- Priam Capital has secured another East Memphis office property in a multimillion dollar deal.

In the deal, Priam Capital, doing business as Primacy III LLC bought the 130,000 square foot office building from Lone Star Funds doing business as LSREF2 Newtown for $14.1 million, according to a Jan. 9 warranty deed filed with the Shelby County Register.

3. Faropoint Buys 2 Properties After Trustmark Centre Sale - Saturday, November 11, 2017

Fresh off of the sale of Trustmark Centre, Faropoint Ventures has acquired two more substantial office assets.

The Israeli investment firm bought the Lipscomb & Pitts Building, 2670 Union Ave. Extended, and Poplar Towers, 6263 Poplar Ave., for a combined $19.3 million using capital from the Trustmark Centre sale. The purchase also includes the high-end restaurant Fleming’s, 6245 Poplar, and an AT&T store at 6267 Poplar, both outparcels to Poplar Towers.

4. Iconic E. Memphis Office Building Sells for $19.7M - Monday, November 6, 2017

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.

5. Faropoint Acquires Office Portfolio for $19.3M - Friday, November 3, 2017

Fresh off of the sale of the Trustmark Centre, Faropoint Ventures has acquired two more substantial office assets.

The Lipscomb Pitts Building, located at 2670 Union Ave. Ext.,  and Poplar Towers, located at 6263 Poplar Ave., were both purchased by the Israeli investment firm for $19.3 million using the capital they accrued from the aforementioned deal.

6. Gibson Guitar Factory Looking For New Home - Friday, October 20, 2017

Nashville-based guitar maker Gibson Brands Inc. is putting its Downtown Memphis factory on the market as it looks for a new, smaller home.

The 18-year-old Gibson Beale Street Showcase and Guitar Factory – located on nearly six acres at 145 Lt. George W. Lee Ave., across South B.B. King Boulevard from FedExForum – clocks in at 127,620 square feet and has an adjacent 330-space parking lot. And it could be yours for $17 million.

7. Outdoors Retailer REI Plans First Memphis Store - Tuesday, October 10, 2017

In this week's Real Estate Recap, outdoors retailer REI eyes Ridgeway Trace for its first local store, Hilton Worldwide prepares to upgrade its Memphis campus, and several proposed Midtown projects seek financial incentives.

8. Outdoors Retailer REI Planning First Memphis Store - Monday, October 9, 2017

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.

9. CBRE Chosen To Lease Southwind Office Center - Friday, October 6, 2017

Group RMC Corp., the new owners of Southwind Office Center, have tapped CBRE’s Ron Kastner and Patrick Reilly to handle leasing services for the recently acquired asset.

10. CBRE to Handle Leasing for Southwind Office Center - Wednesday, October 4, 2017

Group RMC Corp., the new owners of Southwind Office Center, have tapped CBRE’s Ron Kastner and Patrick Reilly to handle leasing services for the recently acquired asset.

11. GPAC Planning New Open-Air Venue - Monday, September 25, 2017

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

12. Highwoods Sells Southwind Portfolio for $39M - Thursday, September 21, 2017

Highwoods Properties Inc. has sold a massive portion of its portfolio in Southwind to a New York-based investment group for $39 million.

13. Bartlett Shopping Center Sells for Nearly $30M - Wednesday, July 19, 2017

An Atlanta-based real estate investment firm has made its first purchase in the Memphis market with the acquisition of a 198,103-square-foot shopping center in the heart of Bartlett.

The Bartlett Towne Centre, located at 6005 Stage Road, was acquired by Branch Properties LLC from Houston-based real estate investment trust Weingarten Realty for $28.8 million.

14. Germantown Village Square Sells for $27.3 Million - Thursday, April 27, 2017

7694 Poplar Ave.
Germantown, TN 38138

Sale Amount: $27.3 million

Sale Date: April 24, 2017 

Buyer: PEBB Enterprises

15. Germantown Village Square Sells for $29.3 Million - Wednesday, April 26, 2017

A Boyle Investment Co. real estate investment fund has sold Germantown Village Square to PEBB Enterprises, a private equity firm based in Boca Raton, Florida, for $29.3 million.

16. Boyle Investment Fund Sells Germantown Village Square for $29.3M - Tuesday, April 25, 2017

A Boyle Investment Co. real estate investment fund has sold Germantown Village Square to PEBB Enterprises, a private equity firm based in Boca Raton, Florida, for $29.3 million.

17. Mall of Memphis Property Bought by Trucking Company - Tuesday, January 5, 2016

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.

18. 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.

19. Massey Helps Grow Memphis CCIM Chapter - Saturday, May 9, 2015

Unlike countless college students who hop from one major to another, Shawn Massey always knew he wanted to be involved in commercial real estate.

20. Pinnacle Awards Honor Commercial Real Estate Standouts - Monday, April 13, 2015

The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.

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. Germantown Collection Sells for $13 Million - Saturday, October 11, 2014

Germantown Collection, a 55,373-square-foot retail center at 7820 Poplar Ave., sold for $13 million on Oct. 3 to Germantown Collection Property LLC, an entity affiliated with Wicker Park Capital Management LLC and Bayer Properties LLC.

23. Germantown Collection Sells for $13 Million - Tuesday, October 7, 2014

Germantown Collection, a 55,373-square-foot retail center at 7820 Poplar Ave., sold for $13 million on Oct. 3 to Germantown Collection Property LLC, an entity affiliated with Wicker Park Capital Management LLC and Bayer Properties LLC.

24. Green Mountain Consulting Finds Home Along Poplar - Friday, July 18, 2014

Logistics vendor Green Mountain Consulting wasn’t necessarily looking to buy an office building when it began its search for more office space for expansion.

“We’re not getting into the commercial real estate business because we wanted to be in it; we got into it because we have a company to operate and needed the space,” said Jim Jacobs, one of Green Mountain’s co-founders.

25. Pan Am Flight Academy Building Sold - Saturday, June 21, 2014

A private investment group has purchased the Pan Am International Flight Academy office building.

Valhalla Financial bought the Memphis property, which is occupied by Pan Am’s local flight academy, for $4.9 million from Road Bay Investments LLC, a subsidiary of The Allstate Corp.

26. Pan Am Flight Academy Building Sold - Wednesday, June 18, 2014

A private investment group has purchased the Pan Am International Flight Academy office building.

Valhalla Financial bought the Memphis property, which is occupied by Pan Am's local flight academy, for $4.9 million from Road Bay Investments LLC, a subsidiary of The Allstate Corp.

27. West Clinic Portfolio Sells for $12.1 Million - Saturday, May 24, 2014

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

28. West Clinic’s Midtown Locale Sells for $5.3 Million - Monday, May 26, 2014

West Clinic’s cancer center at 1580 Union Ave. in Midtown has sold for $5.3 million, one of three centers in the area that sold recently.

29. West Clinic Portfolio Sells for $12.1 Million - Friday, May 23, 2014

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

30. West Clinic Portfolio Sells for $12.1 Million - Thursday, May 22, 2014

Core Real Estate Capital has completed the sale of three West Clinic Cancer Centers to 2014 Acquisitions 11 LLC, an affiliate of Net Lease Capital Advisors.

Net Lease Capital Advisors, a national real estate investment company based in Nashua, N.H., purchased the portfolio of three single-tenant medical facilities for approximately $12.1 million from Core Real Estate Capital, which acquired the properties in 2011. The deal closed Tuesday, May 20.

31. 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.

32. KBM Group Growing at Clark Tower - Friday, January 17, 2014

A digital marketing agency is expanding at Clark Tower in East Memphis.

KBM Group, which is part of Wunderman/WPP, one of the world’s largest marketers, is expanding at Clark Tower less than a year after moving into the East Memphis office building, 5100 Poplar Ave.

33. Former Theater Site Heads to Auction Block - Friday, July 26, 2013

The Internal Revenue Service is auctioning a Midtown building with an interesting history.

On Friday, Aug. 9, at the Shelby County Courthouse, the IRS will auction the building and a vacant lot at 319 Dr. M. L. King Jr. Drive and 323 Dr. M. L. King Jr. Drive. The minimum bid the IRS is seeking is $12,356. The IRS seized the building for nonpayment of IRS taxes due from Faith Village.

34. Former Harrah's Headquarters Sells for $4.1 Million - Saturday, January 26, 2013

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

35. Former Harrah’s Headquarters Sells for $4.1 Million - Thursday, January 24, 2013

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

36. Former Harrah’s Headquarters Sells for $4.1 Million - Wednesday, January 23, 2013

The previous owner of the East Memphis office complex at 1023 Cherry Road has reinvested in the asset for $4.1 million.

37. Brinkley Plaza Sells to Olymbec for $7.2 Million - Monday, October 29, 2012

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

38. Brinkley Plaza Sells to Olymbec for $7.2M - Friday, October 26, 2012

Downtown’s Brinkley Plaza has sold for $7.2 million to a Canadian real estate investment firm.

Montreal-based Olymbec USA LLC, an entity of Olymbec Corporate Group, acquired the 219,557-square-foot tower at 80 Monroe Ave., its ground lease and the adjacent 300-space covered parking garage.

39. Denver REIT Buys Industrial Portfolio for $24M - Wednesday, July 18, 2012

Denver-based Industrial Income Trust Inc. has bought an 890,000-square-foot industrial portfolio in Southeast Memphis from CRP Holdings B LP for $24.3 million. The purchase, recorded under the entity IIT Memphis IC LLC on the Shelby County Register of Deeds, includes various lots in Memphis Distribution Center.

40. Hertz Closes On Memphis CRE Portfolio - Wednesday, April 4, 2012

Hertz Investment Group LLC has completed its acquisition of five Memphis office buildings, marking the firm’s return to the Bluff City and focus shift to secondary and tertiary markets.

41. CBRE Memphis Brokers Florida Investment Sale - Monday, February 13, 2012

CB Richard Ellis Memphis has brokered the sale of the Grand Panama Office Building in Panama City Beach, Fla., from Grand Panama Office LLC to Corr Properties I LLC for $3.7 million, or $137.80 per square foot.

42. Trinity Place Sells For Third Time In Five Years - Friday, July 8, 2011

A Cordova retail center is under new ownership for the third time in five years. Atlanta-based Altus Real Estate Advisors LLC has purchased Trinity Place, 7990 Trinity Road, for $2.8 million.

43. Skyline Grows Local Footprint on Vantech Dr. - Friday, December 10, 2010

Skyline Exhibits MidSouth is expanding its presence at East Pointe Business Center.

The St. Paul, Minn.-based tradeshow exhibits company renewed its 9,958-square-foot lease at 3895 Vantech Drive, Suite 9, and expanded into an additional 3,524 square feet. The additional space will enable Skyline to assemble and store exhibits for clients.