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Editorial Results (free)

1. Construction Continues At Cummins Warehouse -

Renovations continue at Cummins Inc.’s new distribution center. Jolly Roofing and Contracting Co. Inc. recently filed a $944,000 building permit application for the existing 400,000-square-foot warehouse at 5800 Challenge Drive.

2. ALSAC Buys Warehouse For $6 Million -

483 Manassas St.
Memphis, TN 38105

Sale Amount: $6 million

Sale Date: March 17, 2016

Buyer: ALSAC

Seller: Michael Nussbaum and Joyce Nussbaum

3. Construction Continues on Cummins Warehouse -

Renovations continue at Cummins Inc.’s new distribution center. Jolly Roofing and Contracting Co. Inc. recently filed a $944,000 building permit application for the existing 400,000-square-foot warehouse at 5800 Challenge Drive.

4. Save-A-Lot to Anchor New Sam Cooper Shopping Center -

Southeast Corner of Sam Cooper
Boulevard and Tillman Street
Memphis, TN 38104

Tenant: Save-A-Lot

Size: 16,300 square feet

Tenant’s Agent: Frank Dyer, Loeb Realty Group

5. ProLogis Sells 90M Square Feet of Property -

ProLogis has unloaded nearly 90 million square feet of its industrial holdings in six separate deals.

ProLogis, working under a number of affiliated names, sold multiple properties – including two warehouses housing Cummins Inc.’s distributions operations – to Exeter Property Group, according to warranty deeds signed Dec. 29. They include:

6. ProLogis Sells 90 Million Square Feet of Property -

ProLogis has unloaded nearly 90 million square feet of its industrial holdings in six separate deals.

ProLogis, working under a number of affiliated names, sold multiple properties – including two warehouses housing Cummins Inc.’s distributions operations – to Exeter Property Group, according to warranty deeds signed Dec. 29. They include:

7. Cloverleaf Shopping Center Sells in $4.8 Million Deal -

5071, 5079 and 5150 Summer Ave.
761 N. White Station Road
Memphis, TN 38122

8. Cummins Continues Memphis Expansion -

Cummins Inc. continues to expand its new distribution center in Memphis.

Dan Walker Associates Inc. applied for a $2.7 million building permit to renovate the existing 400,000-square-foot building at 5800 Challenge Drive in Southeast Memphis just across the street from the existing Cummins distribution facility on Quest Way.

9. Cummins Continues Memphis Distribution Center Expansion -

Cummins Inc. continues to expand its new distribution center in Memphis.

Dan Walker Associates Inc. applied for a $2.7 million building permit to renovate the existing 400,000-square-foot building at 5800 Challenge Drive in Southeast Memphis just across the street from the existing Cummins distribution facility on Quest Way.

10. Ikea Buys Cordova Acreage For Planned Memphis Store -

41 Acres for
Future Ikea Store

Sale Amount: $5.7 million

Sale Date: July 10, 2015

Buyer: IKEA Property Inc.

11. Cummins Begins Memphis Distribution Expansion -

Cummins Inc. is retooling its current distribution center in Memphis as it prepares for a planned expansion.

12. Biomedical Company Expanding in Southeast Memphis -

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.

13. Cummins Begins Memphis Distribution Expansion -

Cummins Inc. is retooling its current distribution center in Memphis as it prepares for a planned expansion.

Dan Walker Associates Inc. has applied for a nearly $2.2 million building permit to renovate the existing Cummins distribution center at 4155 Quest Way in southeast Memphis.

14. Stein World Finds New Home -

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.

15. Cummins Will Stay, Expand in Memphis -

Ending months of speculation, Cummins Inc. will remain – and expand – in Memphis, according to state and company officials.

Cummins and the Tennessee Department of Economic and Community Development said the company would invest $6.7 million to expand its current parts and distribution center in Memphis, creating 70 new jobs in the process.

16. Men’s Salon Opening in Germantown -

Germantown is getting an upscale styling salon and grooming service made just for men.

Owners Dara Vongphrachanh and Donald R. Johnson II are opening Baron’s Man Cave in 2,250 square feet in suite 102 at the Poplar Collection, located at 9289 Poplar Ave. in Germantown.

17. 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.

18. Big Deals Highlight 2014 Real Estate -

In Inked, we like to highlight local real estate transactions and the often-interesting companies leasing or buying commercial real estate space in the Memphis market. We also like to keep you informed about major deals before they happen and track companies that are critical to the local economy. Here are some important items that appeared in Inked in 2014.

19. City, County Catch Late-Year Economic Development Surge -

Through September, things were looking somewhat bleak for Memphis and Shelby County on the economic development front.

At that point in the year the city and county were on pace to tie a record low for the number of payments-in-lieu-of-taxes, or PILOT, agreements granted to companies in a year. While granting fewer tax incentives could be viewed as good news because companies were more fiscally sound or confident about operating in Memphis and Shelby County, the lower level of activity represented a dip in the level of economic investment in the area.

20. 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.

21. 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.

22. 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.

23. 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.

24. Cummins Eyes Memphis Site for Expansion -

Cummins Inc. is eyeing a Memphis property for a planned expansion of the company’s distribution operations, a move that would be welcome news for Memphis officials.

25. Archived Article: Real Recap - Parcels located in

ProLogis-Macquarie Finances Four Parcels Parcels in two

distribution centers

Cost: $27.5 million

Borrower: ProLogis-Macquarie Tennessee II LLC

Lender: Allstate Life Insurance Co.

Trustee: Wesley D. Turner of Will...