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1. Biomedical Company Expanding in Southeast Memphis
- Friday, July 17, 2015
Cognate Bioservices Inc. is launching a 32,500-square-foot expansion at its manufacturing facility at 4600 E. Shelby Drive in southeast Memphis near Lamar Avenue.
2. Stein World Finds New Home
- Friday, May 22, 2015
Stein World has found a new home. The furniture distributor, which played a pivotal role in Cummins Inc.’s decision to expand locally, has inked a lease for 330,870 square feet at 5321 Shelby Drive.
3. Outside Interests Local Sector’s Biggest Benefactors
- Friday, June 19, 2009
As the real estate slump toils on, a Chicago-based company has proven to be a savior of sorts for the local industrial sector.
HSA Commercial Real Estate, already a player in the local market, continued its investments here by pulling the trigger on three of the four most lucrative deals in Shelby County during the past year, all of them in the Oakhaven/Parkway Village area.
4. Numbers Show Industrial Real Estate Taking Plenty Of ‘Licks’
- Friday, June 19, 2009
A healthy industrial real estate market is imperative for Memphis to live up to its longtime moniker of “America’s Distribution Center” or its new one of “America’s Aerotropolis.”
In other words, a viable warehouse sector – which bolsters the city’s ability to store goods before they’re distributed and supports the city’s robust transportation assets – is mission critical no matter how the city’s marketing is phrased.
5. Industrial Real Estate Shows Rare Q1 Weakness
- Tuesday, May 05, 2009
Industrial real estate in many ways is the backbone of Memphis’ economy, providing warehouse and distribution space to the myriad transportation companies that move freight in and out of the city.
That sector began 2009 by showing rare signs of weakness, suffering its first three-month period of negative absorption since late 2007. The Memphis Metropolitan Statistical Area saw a loss of 521,677 square feet in the first quarter, according to quarterly data released last week by the Memphis office of CB Richard Ellis.
6. Tight Credit Put Squeeze On ‘08 Commercial Real Estate Sales
- Thursday, January 22, 2009
As with the residential sector, 2008 was a year to forget in commercial real estate, which suffered declining sales and endured a nationwide credit crunch throughout the year.
“The big storyline in ’08 was that lenders weren’t lending,” said Johnny Lamberson, senior vice president at CB Richard Ellis Memphis. “It put a real tightening on deals getting done. If deals weren’t highly leveraged, as the year went on it became harder and harder to get transactions closed because nobody was lending money.”
7. Commercial Real Estate Sales Down 18 Percent
- Tuesday, December 23, 2008
A familiar theme in the commercial real estate market continued in November as a couple of high-dollar transactions kept the month out of the doldrums. Not surprisingly, though, those numbers didn’t do much to salvage an otherwise dismal year.
8. Chicago Company Buys Again In Memphis
- Tuesday, December 02, 2008
A Chicago real estate firm has bolstered its Memphis presence with another industrial acquisition, its fourth high-dollar deal in the past couple of years.
HSA Commercial Real Estate, operating locally as Memphis Air Trans LP, has bought the 342,860-square-foot, one-story warehouse at 4219 Air Trans Road for $8.4 million, proving that it remains bullish on this market.
9. Commercial Sales Down by More Than Half
- Tuesday, September 23, 2008
Long before the financial markets were rocked by last week’s events on Wall Street, commercial real estate was reeling. Even without the upheaval, the downturn was affecting sales and mortgage activity.
10. THM to Build Nursing Facility Near Downtown
- Tuesday, September 16, 2008
1513 N. Second St.
Memphis, TN 38107
Permit Amount: $12.5 Million
Project Cost: $12.5 million
Permit Date: Applied September 2008
Completion: Winter 2009
Owner: Harbor View Properties Inc.
Tenant: Harbor View Properties Inc.
Contractor: Inman Construction Co.
Architect: Askew Nixon Ferguson Architects Inc.
11. Parkway Village Warehouse Sells for $9.1M to TICs
- Monday, September 08, 2008
The Harriet Crews Partnership has sold the warehouse at 5321 Shelby Drive in Parkway Village for $9.1 million to a pair of Illinois-based tenants in common (TICs), Shelby Road Memphis LP (60.4 percent) and JES Shelby Road Memphis LLC (39.6 percent). The sale closed Aug. 27.