4049 Willow Lake Blvd., Memphis, TN 38118 (portfolio)

Sale Amount: $21.8 million

Buyer: Faropoint Ventures

Buyer Rep: Brian Califf, NAI Saig Co.

2. Rapid Expansion - Friday, May 4, 2018

For the fifth time in a little more than two years, commercial real estate brokerage Avison Young is growing in Memphis. Now the rapidly expanding local franchise, which started out as two men in a temporary office and currently employs 15, will be occupying 5,200 square feet in an iconic building along the Poplar corridor, more than doubling its previous footprint.

3. New Construction North Of State Line Highlights Busy Q4 - Friday, March 2, 2018

A flurry of large-scale build-to-suit projects north of the Tennessee-Mississippi state line – the first of their kind in a decade – capped off a busy 2017 for the Memphis industrial market, which closed the fourth quarter with 665,896 square feet of net absorption, according to Cushman & Wakefield/Commercial Advisors’ latest Marketbeat report.

4. Possible Trader Joe’s Update, New $35M Airport Facility - Monday, December 18, 2017

In this week’s Real Estate Recap, a new development in the saga of Germantown’s Trader Joe’s, Memphis International Airport begins work on a new $35 million facility, and Central BBQ announces a new a location...

5. Faropoint Sells Asset Near FedEx Headquarters - Saturday, December 16, 2017

A 15,400-square-foot retail center around the corner from FedEx’s World Headquarters has been purchased by a California investor for $2.7 million.

Judith Obermeir of San Luis Obispo bought the center at 3315 Hacks Cross Road from Israeli investment firm Faropoint Ventures, which had purchased it in June 2016 for $2.2 million.

6. Faropoint Sells Asset Near FedEx Headquarters - Thursday, December 14, 2017

A 15,400-square-foot retail center around the corner from FedEx’s World Headquarters has been purchased by a California investor for $2.7 million.

Judith Obermeir of San Luis Obispo bought the center at 3315 Hacks Cross Road from Israeli investment firm Faropoint Ventures, which had purchased it in June 2016 for $2.2 million.

7. 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.

8. Trustmark Centre Sells for Nearly $20M - Thursday, November 2, 2017

An iconic East Memphis office building has switched hands for $19.7 million.

Nashville-based Magnolia Capital Investments has purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investment group Faropoint Investments.

9. Trustmark Centre Sells for Nearly $20M - Wednesday, November 1, 2017

An iconic East Memphis office building has switched hands for $19.7 million.

In the deal, Nashville-based Magnolia Capital Investments purchased the Trustmark Centre located at 5350 Poplar Ave. from Israeli investors, Farpoint Investments.

10. RE/MAX On Point Opens East Memphis Office - Saturday, August 5, 2017

Jason and Laura Wallace, two Memphis-area real estate veterans, are the new broker/owners of RE/MAX On Point–East Memphis.

11. RE/MAX On Point Opens East Memphis Office - Thursday, August 3, 2017

Jason and Laura Wallace, two Memphis real estate veterans, are the new broker/owners of RE/MAX On Point–East Memphis.

12. Trustmark Centre Building Sells for $14.5 Million - Saturday, October 22, 2016

An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.

The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.

13. Trustmark Centre Building Sells for $14.5 Million - Friday, October 21, 2016

An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.

The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.

14. Trustmark Centre Building Sells for $14.5 Million - Thursday, October 20, 2016

An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.

The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.

15. Evergreen Packaging Expands in East Memphis - Saturday, August 27, 2016

Evergreen Packaging has renewed and expanded its lease at the 5350 Poplar Ave. office building in East Memphis.

16. Evergreen Packaging Expands in East Memphis - Wednesday, August 24, 2016

Evergreen Packaging has renewed and expanded its lease at the 5350 Poplar Ave. office building in East Memphis. The 40,000-square-foot location will be the global headquarters for Evergreen, a spinoff of International Paper’s paper packaging division located in Memphis since 2007. Evergreen recently merged with Indianapolis-based Closure Systems International and York, Pa.-based Graham Packaging Co., creating a combined company with $5.5 billion in annual revenue.

17. Evergreen Packaging, Hollywood Feed Make Big HQ Moves - Friday, March 18, 2016

At its March 16 meeting, the Memphis-Shelby County Economic Development Growth Engine Board approved tax incentives for two companies, creating 101 jobs and $8.1 million in local tax revenue.

A payment-in-lieu-of-taxes incentive went to Evergreen Packaging Inc., making Memphis the site of a global headquarters for a company with $5 billion in annual revenue.

18. Events - Thursday, October 1, 2015

Sales & Marketing Society of the Mid-South will meet Thursday, Oct. 1, from 11:30 a.m. to 1 p.m. at Napa Cafe, 5101 Sanderlin, suite 122. Selena Silvestro of The Selling Agency will present “Digital Differentiation: A 5-Point Sales Strategy to Earn More Customers.” Tickets are $20 for members and $25 for nonmembers. Visit sms-midsouth.org.

19. Events - Wednesday, September 30, 2015

Family Safety Center of Memphis and Shelby County will screen “Private Violence,” a documentary about domestic violence, Wednesday, Sept. 30, at 7 p.m. at Malco Studio on the Square, 2105 Court Ave. After the film, domestic violence survivors from VOICES will hold a brief Q&A about their experiences. Tickets are $10; all proceeds benefit FSC. Visit familysafetycenter.org.

20. Passion for Architecture Fuels Looney Ricks Kiss' Norcross - Saturday, June 20, 2015

Rob Norcross, a principal at Memphis architecture, planning and design firm Looney Ricks Kiss, has increasingly enmeshed himself into public service, holding positions on several key boards or committees.

21. Tanger Outlets Confirms Southaven Involvement - Friday, January 9, 2015

Tanger Factory Outlet Centers Inc. has confirmed what The Daily News first reported in December: It will play a key role in the development of a massive outlet mall in Southaven.

22. Making a Statement - Saturday, December 13, 2014

One of the regional banking players in Memphis is Jackson, Miss.-based Trustmark Bank, which took a big step that made a statement in Memphis this year.

23. New Office Building Park in Works - Wednesday, August 27, 2014

A Memphis contractor is planning a new office building park in the city, according to a news report.

Memphis-based construction contractor Dan Walker Associates Inc. plans to develop up to 240,000 square feet in seven buildings on nearly eight acres at 3923 Forest Hill Irene Road, according to the report in the Memphis Business Journal.

24. Trustmark Regional President Reflects on Future - Friday, May 16, 2014

When yours is a bank that’s traditionally had a suburban footprint, moving inside the Interstate 240 loop to open a new regional headquarters is the kind of thing that makes a statement.

Trustmark’s newly opened regional headquarters, at 5350 Poplar Ave. in East Memphis, was an attempt to do just that. It came after Gene Henson, the bank’s Memphis region president, had been hunting for such a space for years – for pretty much the entirety of his time in Memphis, actually.

25. Trustmark Bank Opens Headquarters in East Memphis - Monday, April 28, 2014

Trustmark Bank has officially opened its new regional headquarters location in East Memphis.

The regional headquarters opened at the 5350 Poplar Ave. office building, which has been renamed Trustmark Centre. The bank acquired naming rights as a part of the 12.5-year lease Trustmark Corp. signed in November.

26. Office Occupancy Ends 2013 on High Note - Tuesday, February 4, 2014

An unusually strong fourth quarter helped push the overall Memphis office market occupancy rate into positive territory for 2013, according to year-end commercial real estate market reports.

The Memphis market recorded absorption of 225,338 square feet in the fourth quarter – the largest positive absorption the market has experienced during any quarter in more than 10 years – to end the year with positive net absorption of 40,558 square feet, according to CB Richard Ellis Memphis.

27. Banner Year for East Memphis Office Space - Monday, December 30, 2013

The Memphis office real estate market began showing signs of life in 2013, with the market for Class A office space in the East Memphis submarket fueling the resurgence.

While the city’s overall office market numbers may not appear very strong, the city’s most desired office submarket – East Memphis around Poplar Avenue and Interstate 240 – began showing strong signs of improvement in the second half of the year.

28. Out-of-Town Banks Target Memphis for Growth - Saturday, December 14, 2013

More than 40 percent of the customer deposit share in the Memphis-area banking market belongs to institutions that have a presence here but are based outside the area, the latest figures from the Federal Deposit Insurance Corp show.

29. Leases Push Renaissance Center Near Capacity - Friday, November 22, 2013

The Renaissance Center office building in East Memphis should be near capacity early next year, following a series of recent lease signings.

Financial Federal signed a lease on Tuesday, Nov. 20, to occupy 27,000 square feet on the first and second floors of the Renaissance Center, 1715 Aaron Brenner Drive. In addition to the new location, the growing financial firm will have signage atop the East Memphis office building along Poplar Avenue east of Interstate 240.

30. Office Team Helps Colliers Expand Local Footprint - Friday, October 4, 2013

As a part of the Colliers International office in Memphis’ growth strategy, the brokerage office has been expanding its presence in the office sector over the past year by adding a new office team consisting of Frazier Baker and Will Barden.

31. Mercer Ready to Steer MAAR Commercial Council - Monday, November 28, 2011

John Mercer does not take over as 2012 president of the Memphis Area Association of Realtors Commercial Council until Jan. 1, but he is already working hard planning several big MAAR events for early next year.

32. Obsidian PR Preps For South Main Move - Friday, September 16, 2011

Obsidian Public Relations is relocating less than a mile from its current office, in efforts to establish a presence in the South Main Historic Arts District by having its own creative space that will allow plenty of room for growth.

33. Argent Gains More Space with Move East - Monday, June 7, 2010

Only weeks after landing in Memphis, scooping up Memphis-based Investment Counsel and Trust Co. and landing a temporary office space, Argent Trust Co. of Tennessee has scooted east along Poplar Avenue to a bigger home.

34. Louisiana’s Argent Establishes Memphis Office - Monday, May 3, 2010

Louisiana-based Argent Financial Group, a diversified financial services company with $2 billion in client assets, has opened an office in Memphis.

Argent, which operates one of the region’s oldest full-service independent trust companies, recently acquired Memphis-based Investment Counsel and Trust Co. Argent then hired several financial professionals from Regions Morgan Keegan Trust.

35. Events - Friday, November 13, 2009

The International Business Council will hold its 2009 fall meeting today at 8 a.m. at The Hilton Memphis, 939 Ridge Lake Blvd. The theme of the event is “Memphis: The Crossroads of NAFTA.” Cost is $45 for Greater Memphis Chamber members and $60 for nonmembers. For tickets, call Brenda Montgomery at 543-3541.

36. Events - Thursday, November 12, 2009

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will present “Show Me the Money (and the Strings): Things the Construction Industry Needs to Know about the American Recovery and Reinvestment Act of 2009” today from 8 a.m. to 9:30 a.m. at the Ron Terry Center of First Tennessee Bank, 4385 Poplar Ave. The event is free. To register, contact Nicolette Thomas at 577-2328 or nthomas@bakerdonelson.com.

37. Events - Wednesday, November 11, 2009

Vaco Mid-South will host a continuing education seminar today at 8 a.m. at the Memphis Botanic Garden, 750 Cherry Road. Topics of the event are “Fair Value Measurements,” “Goodwill and Intangible Asset Impairment” and “Extensible Business Reporting Language.” Cost is $75. To register, call Joe Fracchia or Justin Farmer at 333-2250.

38. Events - Friday, October 26, 2007

The Memphis Advertising Federation will hold its annual seminar with workshops to help nonprofit organizations with marketing communications, public relations and advertising today from 8:30 a.m. to 4 p.m. at the Community Foundation, 1900 Union Ave. Registration is $95 at the door, including breakfast and lunch. Contact Sally Baker-Brenner at adfed1@memphisadfed.org or at 748-8889 to register.

39. Events - Thursday, October 25, 2007

The Memphis Regional Chamber will host its Breakfast Forum today from 7:30 a.m. to 9 a.m. at the Memphis Marriott East, 2625 Thousand Oaks Blvd. Memphis Mayor Willie W. Herenton will present "Memphis: Achieving its Potential." Space is limited. R.S.V.P. to Tunga Lee at 543-3571 or tlee@memphischamber.com.

40. Century Wealth Management Changes Tune in Rebranding - Monday, October 15, 2007

Seven years ago, Jay Healy changed careers the way talented musicians change tempo mid-song - seamlessly, fluidly, effortlessly. Like a virtuoso, he simply found a new beat and continued playing.

Musical analogies are appropriate for the New Jersey-bred Healy, who spent the early stages of his working life as a recording engineer for a number of popular artists including Billy Joel, Mariah Carey, John Mellencamp and R.E.M.

41. Passion for Missions Leads Memphian to Open Vision Clinic in Africa - Friday, May 11, 2007

Dr. Cathy Schanzer knew from an early age that when she grew up she wanted to do some kind of mission work.

As early as the fourth grade, she was planning for the day when she'd be able to put her talents to use outside the United States. That passion rubbed off on her future husband, Tom Lewis, when they first met. It was so contagious Lewis said he soon felt he was destined to help his wife make life just a little easier for people in third-world countries.

42. Archived Article: Briefs - Wednesday, May 28, 2003
Cannon Ivy presents a QuickBooks and Treatment seminar from 8 a

Cannon Ivy presents a QuickBooks and Treatment seminar from 8 a.m. to 10 a.m. today at 5350 Poplar Ave, Suite 650. Cost is $35.

For information, call Pam Pittman at 685-7500. Gary...

43. Archived Article: Uofm Prevention Cntr Lj - Wednesday, April 2, 1997
lj 10/5 cates U of M Prevention Center expands off-campus By LAURIE JOHNSON The Daily News While the prospect of budget cuts has many University of Memphis departments planning for possible downsizing, one U of M health research program has expanded...

44. Archived Article: Memos - Wednesday, March 19, 1997
Larry Lewis, president of Lewis Ford, was elected chairman of the board for the Better Business Bureau for 1997-1998 Larry Lewis, president of Lewis Ford, was elected chairman of the board for the Better Business Bureau for 1997-1998. Other elected ...

45. Archived Article: 5350 Poplar Chg - Wednesday, September 11, 1996
By CAMILLE H. GAMBLE East office building reopens after facelift By CAMILLE H. GAMBLE The Daily News The office building at 5350 Poplar Ave., formerly the Sedgewick James building, will reopen Thursday after a $3.6 million renovation which started i...

46. Archived Article: Calendar - Monday, March 11, 1996
03-11 Calendar March 12 The Institute of Management Accountants will meet at noon at Paulettes. The speaker will be forensic specialist Tom Vastrick. The cost is $15. For more information, call Tammy Greco at 682-7766. The Memphis Bar Association wi...

47. Archived Article: Calendar - Monday, February 12, 1996
01/05 Calendar Feb. 12 The MidSouth Workers Compensation Association will meet at 11:30 a.m. at the Racquet Club. The speaker will be Dr. William Bourland of The Orthopaedic Clinic, who will address "Reduction of Workers Compensation Costs by P...