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Editorial Results (free)

1. 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.

2. Overton Square Hotel Awarded Tax Incentives -

The developers of a $24 million Overton Square hotel and a Canadian elevator company looking to build its first U.S. facility in Memphis have been awarded tax incentives to move ahead with their projects.

3. Canadian Elevator Company Seeks PILOT For Hickory Hill Plant -

A Canadian elevator company has a contract with a “Tennessee area” machine manufacturer for $500,000 and as a result wants to build a manufacturing plant in Hickory Hill as it expands its U.S. customer base.

4. Orion Acquires Medical Center Property for New Branch -

821 Poplar Ave.
Memphis, TN 38105
Sale Amount: $1.3 million

Sale Date: March 20, 2015
Buyer: Orion Federal Credit Union
Seller: Georgia Commercial Stores Inc.
Details: Orion Federal Credit Union has acquired a key piece of Memphis Medical Center real estate for a new branch.

5. East Raines Warehouse Sells to New Jersey-Based Investor -

A New Jersey-based investor has acquired a Memphis industrial property for $1.1 million.

E. Raines 4949 LLC, which lists a mailing address in Lakewood, N.J., acquired the 182,136-square-foot warehouse at 4949 E. Raines Road from Missouri-based MHB LLC, according to a March 19 warranty deed.

6. MHB LLC Files MortgageOn Raines Road Warehouse -      MHB LLC has filed a $2.8 million mortgage through Royal Banks of Missouri for a one-story, 180,568-square-foot warehouse at 4949 Raines Road. The warehouse, which was built in 1971, formerly was the Chrysler Corp. Memphi