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Editorial Results (free)

1. Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers -

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

Radial, a third-party logistics firm that manages the distribution center for Target Corp., has filed notice with the Tennessee Department of Labor and Workforce Development that the permanent layoffs at its 5461 Davidson Road facility will start April 7 and continue through April 30.

2. Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers -

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

Radial, a third-party logistics firm that manages the distribution center for Target Corp., has filed notice with the Tennessee Department of Labor and Workforce Development that the permanent layoffs at its 5461 Davidson Road facility will start April 7 and continue through April 30. 

3. Brewery Developers Buy Site for New Apartment Building -

11 Butler Ave.
Memphis, TN 38103
Sale Amount: $1.25 million

Sale Date: Feb. 23, 2015
Buyer: 495 Tennessee LLC
Seller: BCH Investments LLC
Details: The team behind the development of the historic Tennessee Brewery has acquired a key piece of property adjacent to the long-vacant structure as plans for the new Tennessee Brewery: The Revival series of events there move forward.

4. Vendor Seeks Permit for Target Distribution Center -

A third-party vendor has applied for a $1.2 million building permit to build out Target’s planned Memphis online fulfillment center.

Innotrac, which will manage the Southeast Memphis facility for Target, applied for the permit through the city-county Office of Construction Code Enforcement. Memphis-based construction contractor Dan Walker Associates Inc. is listed as the contractor on the application, which says the work is for “new tenant space renovations.”

5. Vendor Seeks $1.2 Million Permit For Target Distribution Center -

A third-party vendor has applied for a $1.2 million building permit to build out Target’s planned Memphis online fulfillment center.

Innotrac, which will manage the Southeast Memphis facility for Target, applied for the permit through the city-county Office of Construction Code Enforcement. Memphis-based construction contractor Dan Walker Associates Inc. is listed as the contractor on the application, which says the work is for “new tenant space renovations.”

6. $42 Million Permit Filed For Target Fulfillment Center -

5461 Davidson Road
Memphis, TN 38118
Permit Amount: $42 million

7. $42 Million Permit Sought for Target Distribution Center -

A third-party vendor has applied for a $42 million building permit to build out Target’s planned Memphis online fulfillment center.

Innotrac, which will manage the Southeast Memphis facility for Target, applied for the permit through the city-county Office of Construction Code Enforcement.

8. $42 Million Permit Sought for Target Distribution Center -

A third-party vendor has applied for a $42 million building permit to build out Target’s planned Memphis online fulfillment center.

Innotrac, which will manage the Southeast Memphis facility for Target, applied for the permit through the city-county Office of Construction Code Enforcement.

9. $42 Million Permit Sought for Target Distribution Center -

A third-party vendor has applied for a $42 million building permit to build out Target’s planned Memphis online fulfillment center.

Innotrac, which will manage the Southeast Memphis facility for Target, applied for the permit through the city-county Office of Construction Code Enforcement.

10. Memphis Industrial Market Rebounds in 2014 -

The upswing in the industrial real estate sector that started in 2012 and gained momentum in 2013 continued in 2014 and the Memphis market, fueled by several large transactions late in the year, should top 2013's level of around 3.2 million square feet of absorption.

11. Target, Cummins Awarded Tax Breaks -

Two companies won approval Wednesday, Dec. 17, for tax incentives for projects that will create around 1,400 jobs.

The board of the city-county Economic Development Growth Engine approved 15-year payment-in-lieu-of-taxes, or PILOT, incentives for Target and Cummins Inc.

12. Target, Cummins Awarded 15-Year Tax Breaks -

Two companies won approval Wednesday, Dec. 17, for tax incentives for projects that will create around 1,200 jobs.

The board of the city-county Economic Development Growth Engine approved 15-year payment-in-lieu-of-taxes, or PILOT, incentives for both Target and Cummins Inc.

13. Target, Cummins Seek 15-Year Tax Breaks -

Memphis and Shelby County are offering generous tax incentives to attract and retain hundreds of jobs.

Discount retailer Target and Cummins Inc. are seeking tax breaks for projects that total 1,429 jobs.

14. Target Bringing 400-Job Project to Memphis -

Memphis is poised to land hundreds of new jobs and retain several hundred more. Target will seek incentives from Memphis and Shelby County as early as next week for an online fulfillment center that will create over 400 new jobs.

15. Sources: Target to Seek Incentives for Memphis Project -

Target will seek incentives from Memphis and Shelby County as early as next week for an industrial project that could create up to 600 jobs, according to multiple sources.

The Minneapolis-based retail giant has explored sites in DeSoto County and Memphis for a distribution center and is in the process of finalizing a lease for the 900,000-square-foot building at 5461 Davidson Road in Southeast Memphis. In addition to the 600 jobs, Target is expected to make significant capital improvements to the property, which was formerly occupied by Hamilton Beach.

16. Industrial Uptick Seen in Outer Counties -

The Memphis industrial market saw the return of speculative development in 2013 and an uptick in tenants seeking blocks of 500,000 square feet or more.

After suffering through a prolonged slump in industrial construction activity following the economic collapse and resulting recession, industrial development outside of Shelby County in the Memphis market roared back to life in 2013.

17. Commercial Advisors Hires, Promotes Associates at Firm -

Cushman & Wakefield/Commercial Advisors Asset Services LLC has promoted Phil Dagastino to senior vice president of office leasing. Dagastino has been with the firm since January 2008.

18. Commercial Advisors Lists Former Hamilton Beach Site -

Cushman & Wakefield/Commercial Advisors LLC has been awarded listing and management of the 900,000-square-foot industrial space at 5461 Davidson Road, the largest vacancy in the Memphis market.

19. Commercial Advisors Awarded Industrial Listing -

Cushman & Wakefield/Commercial Advisors Asset Services LLC has been awarded listing and management of the 900,000-square-foot industrial space at 5461 Davidson Road, the largest vacancy in the Memphis market.

20. Archived Article: Distrib - Bott - By SUZANNE THOMPSON Hamilton Beach/Proctor-Silex brings distribution center online By SUZANNE THOMPSON The Daily News Hamilton Beach/Proctor-Silex Inc. officially opened its 500,000-square-foot distribution center Thursday at 5461 Davidson Road in M...

21. Archived Article: Scit (lead) - By LAURIE JOHNSON Security Capital starts large-user warehouse By LAURIE JOHNSON The Daily News Security Capital Industrial Trust has started constructing a 500,000-square-foot speculative distribution facility at 5461 Davidson Road in Southeast Mem...