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Editorial Results (free)

1. Northeast Memphis Flex Building Switches Hands -

A flex building at 5055 Covington Way in northeast Memphis has switched hands for $810,000.

Visual Projects and Martabra Real Estate sold the parcel to 5055 Covington Way LLC. NAI Saig vice president Bryan Evans represented the sellers.

2. West-Ward Pharmaceutical Plans Distribution Center Expansion -

4750 Pleasant Hill Road
Memphis, TN 38116
Loan Amount: $6.1 million

3. Warehouse At Perimeter Point Sells for $775,000 -

A Perimeter Point industrial building has been sold for $775,000.

Missouri-based Martabra Real Estate LLC acquired the flex warehouse building at 5055 Covington Way, just off Covington Pike south of Elmore Road, from CP Perimeter Point LLC, an affiliate of California-based Coastal Partners LLC.

4. Gastro Group Opens Office In Senatobia -

Utley Properties has closed on a flurry of deals in its Northwest Plaza Shopping Center in Senatobia in recent weeks.

Dr. Ulric Duncan of Delta Gastroenterology PC has leased 1,200 square feet of space at 113 Northwest Drive for two years.

5. Yogurt Shop Slated for South Main Street -

94 S. Main St.
Memphis, TN 38103
Permit Amount: $80,000

Project Cost: n/a
Permit Date: Applied January 2011
Completion: n/a
Owner: BMJ LLC
Tenant: BMK of Memphis LLC

6. CVS Ventures Into Local, Walgreens-Dominated Market -

CVS is already bringing one pharmacy to U.S. 64 and Houston Levee Road in Cordova, and the company last week secured the land where it will build its second Memphis store.

Woonsocket, R.I.-based CVS, the retail division of CVS Caremark, paid $1.4 million for the 7,344-square-foot retail store at 5055 Stage Road, on the southwest corner of Stage and Covington Pike in Raleigh. The building, which formerly housed a Hollywood Video store, sits on 1.1 acres near the Memphis-Bartlett border.

7. Covington Way WarehouseSells for $550,000 -      An 11,000-square-foot, flex-space warehouse at 5065 Covington Way has sold to a Pennsylvania limited partnership for $550,000. Rodino LP bought the property from CP Perimeter Point LLC, with the deal closing last week.8. Elmore Road FacilitiesSell for $5.9 Million -     CP Perimeter Point East LLC has purchased manufacturing/warehouse space at 5125 and 5175 Elmore Road from Knickerbocker Properties Inc. XII for $5.9 million, then filed a $6.2 million mortgage through Countrywide Commercial Re