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Editorial Results (free)

1. California Company Buys Former Quebecor Facility -

828 E. Holmes Road Memphis, TN 38116

Sale Amount: $2.7 million

Sale Date: Feb. 15, 2013

2. Tenants in Common Buy Southern Avenue Apartments -

Three tenants in commons have paid $2.4 million for three apartment complexes on Southern Avenue in the University of Memphis’ 38111 ZIP code.

The three tenants are Gideon D. Zook and Mary A. Cook; Campus Property Management LLC; and Summit Asset Mgt. LLC, whose percentage of ownership varies with each parcel.

3. Substantial Deal Inked By Ontario-Based Manufacturer -

A substantial lease has been signed in a formerly distressed southwest Memphis industrial park that has made leaps and bounds since it was purchased by an out-of-town investor earlier this year.

KIK Custom Products, an Ontario-based manufacturer of national and retail brand consumer products, has signed a lease for 115,000 square feet in the Space Center Industrial Park, 265-353 Titan Drive.

4. Villas at Cordova Complex Sells for $14.2M in Foreclosure -

8546 Prestine Loop
Cordova, TN 38018
Sale Amount: $14.2 million

Sale Date: May 11, 2011

5. U of M-Area Apts. Sell for $1.6M in Foreclosure -

Sycamore Bank has bought three apartment complexes near the University of Memphis at a substitute trustee’s sale, or foreclosure sale, for $1.6 million. The complexes were foreclosed after the borrower, Little Rock-based Polk Rental Properties of Memphis LLC, defaulted on loans taken out through Sycamore Bank.

6. Commercial Sales See Bump in October -

High-dollar transactions involving a wide range of properties – vacant land, a strip center, an apartment complex and a couple of warehouses – helped Shelby County’s commercial market register a relatively decent month by 2009 standards during October.

7. Memphis College of Art Files Loan to Build Residence Hall -

139 N. Barksdale St.
Memphis, TN 38104
Loan Amount: $3.1 Million

Loan Date: Oct. 1, 2009
Maturity Date: Oct. 1, 2019
Borrower: Memphis College of Art
Lender: First Tennessee Bank NA

8. U of M-Area Multifamily Sells for $2.4M -

Polk Rental Properties of Memphis LLC has bought a multifamily portfolio of three University of Memphis-area apartment complexes for $2.4 million. The apartments are at 3251, 3341 and 3427 Southern Ave. The seller was Sycamore Bank, which weeks before had reacquired the properties in a substitute trustees’ sale following a foreclosure. The sale to Polk closed Sept. 29.

9. Le Bonheur Files Permit For FedExFamilyHouse -

918 Poplar Ave.
Memphis, TN 38105
Permit Amount: $5.2 Million

Project Cost: $5.2 million
Permit Date: Applied September 2009
Completion: Fall 2010
Owner: Le Bonheur Children’s Medical Center
Tenant: FedExFamilyHouse
Contractor: Montgomery Martin Contractors LLC
Architect: Looney Ricks Kiss Architects Inc.

10. Pair of Apartments Sold Back to Bank -

Two apartment complexes in the University of Memphis area – the 38-unit Southern Station Apartments at 3341 Southern Ave. and 40-unit Barclay House Apartments at 3427 Southern Ave. – have sold for a combined $2.5 million back to the lender, Sycamore Bank, following a foreclosure. Southern Station sold for $1.2 million and Barclay House sold for $1.3 million.

11. Pair of Apartments For Sale After Foreclosure -

Two apartment complexes in the University of Memphis area – the 38-unit Southern Station Apartments at 3341 Southern Ave. and 40-unit Barclay House Apartments at 3427 Southern Ave. – have been foreclosed and will be sold on the Shelby County Courthouse steps later this month. The notice begins on Page 32 of today’s print edition of The Daily News and also at The Daily News Online, www.memphisdailynews.com.

12. Porter Properties Finances Apartment Communities -

3341 and 3427 Southern Ave.
Memphis, TN 38111
Cost: $1.5 million

Borrower: Porter Properties LLC