VOL. 116 | NO. 215 | Tuesday, November 5, 2002
Wolf River office center nearing completion
Loeb Properties Wolf River center nearing capacity
By SUE KIRSTEIN
The Daily News
Loeb Properties, under the name Wolf River Professional
Center, sold one of its last vacant lots in a 22-acre property in Germantown,
an area becoming home for medical groups.
Wolf River Professional Building LLC, a partnership of two
dental groups and two medical groups, bought the 63,000-square-foot lot at Wolf
River Boulevard and Germantown Road to build new offices.
The property sold for $988,699, according to a warranty deed
filed in the Shelby County Registers Office.
Currently, the park contains eight buildings. Loeb began
developing the property in 1998, said Frank Dyer III, the companys vice
president of marketing.
Since then, five or six medical groups have bought chunks of
property to develop new offices, including the Renal Care Group and Foundation
Negotiations are underway on a remaining parcel in the park,
The 16,000-square-foot building will be home to four
established businesses not only following their patient base, but looking for a
location in what is fast becoming a hotspot for medical services.
That (area) is going to be the new medical center. That
puts us right in the middle of it, said Dr. Larry Dormois, a dentist in the
Pediatric Dental Group.
This group of doctors came wanting to develop a presence in
what will be the medical center in Memphis over the next 25 or 30 years, with a
goal of having a state-of-the-art medical office that could incorporate all the
The Pediatric Dental Group will move its Hickory Hill office
when the new building is completed, but will keep its Southaven office open.
Other dentists in the Pediatric Dental Group are Steve
Fuson, Chuck Page and John Acosta.
Dr. Pat Person will move to his dental practice to the Wolf
River location, as well.
Two medical groups relocating are Drs. Tom Long and Neil
Beckford of Otolaryngology Associates and Dr. Ben Cox of Memphis Hearing Aid
and Audiological Services.
Total investment in the project is more than $3 million,
Bob Howell of Fleming Associates is the project architect.
Maler Construction Associates is the general contractor.
The group expects to break ground early next year and
complete the project by the end of 2003.