Highwoods Properties Buys International Place II

6410 Poplar Ave.

Memphis, TN

Cost: $24.6 million

Borrower: HIW-TN LLC

Lender: Massachusetts Mutual Life Insurance Co.

Trustee: W. Rowlett Scott

Property: International Place II in Tower Place Planned Development at 6410 Poplar Ave. near Massey Road.

Mike Harris, senior vice president for Highwoods Properties, said International Place II was included in a loan package with other Highwoods Properties.

It was part of a much larger loan that Highwoods completed out of our corporate office in Raleigh, North Carolina, Harris said. The deed of trust loan here, which was International Place II, was just part of the collateral package for that loan.

It also included properties in other markets, including Nashville and I believe Charlotte and maybe Florida.

Harris said Highwoods had no plans to change things at International Place, a 208,104-square-foot, 10-story office building in the East-Poplar corridor.

It was not a single loan or a refinancing, because there was no debt on the property until now, he said.

5900 Cedar Forest Drive

Memphis, TN 38119

Cost: $11 million

Borrower: Lynnfield Gardens Associates LLC

Lender: Bank of America National Association

Trustee: Mid South Title Corp.

Property: Land at 5900 Cedar Forest Drive and part of Bennetts Ridgeway Farm Subdivision.

5900 Cedar Forest Drive

Memphis, TN 38119

Cost: $10.2 million

Buyer: Lynnfield Gardens Associates LLC

Seller: Millie C. Cassidy, Michael J. Weinberger and David Weiner as trustees of Sentinel Real Estate Fund

Property: Land at 5900 Cedar Forest Drive and part of Bennetts Ridgeway Farm Subdivision.

1880 Kimbrough Road

Germantown, TN 38138

Cost: $6 million

Buyer: Chardonnay Gardens Associates LLC

Seller: Millie C. Cassidy, Michael J. Weinberger and David Weiner as trustees of Sentinel Real Estate Fund

Property: Property at 1880 Kimbrough Road near Farmington Avenue in Germantown.

1880 Kimbrough Road

Germantown, TN 38138

Cost: $4.7 million

Borrower: Chardonnay Gardens Associates LLC

Lender: Bank of America National Association

Trustee: Mid South Title Corp.

Property: Property at 1880 Kimbrough Road near Farmington Avenue in Germantown.

Land near New Airline

and Old Airline in Arlington

Cost: $2.7 million

Borrower: CBascom Family LLC

Lender: First Citizens National Bank

Trustee: John S. Bomar

Property: 2.1 acres near New Airline and Old Airline roads in Arlington.

Seven lots in

Forest Creek

Cost: $1.7 million

Borrower: Vintage Homes LLC

Lender: National Bank of Commerce

Trustee: R. Grattan Brown Jr. and Charles A. Neale

Property: Seven lots in Forest Creek Planned Development amended (Barkley Square) Subdivision.

1.4 acres in

Almadale Farms

Cost: $1.2 million

Borrower: Houston Levee Shops LP

Lender: National Bank of Commerce

Trustee: R. Grattan Brown Jr.

Property: 1.4 acres near Houston Levee Road and Wolf River Boulevard in the Almadale Farms Planned Development in Collierville.

3561 Hickory Hill

Memphis, TN

Cost: $1.2 million

Buyer: Serve Holdings LLC

Seller: SHN Properties LLC

Property: Captain Ds Store No. 3116 at 3561 Hickory Hill Road.