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VOL. 118 | NO. 226 | Tuesday, December 14, 2004

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Addresses on Union Avenue

Circuit Playhouse Buys Property for Theater, Offices

Addresses on Union Avenue

and South Cooper Street

Cost: $1.1 million

Buyer: Circuit Playhouse Inc.

Seller: Union Catfish Co. Ltd.

Property: Property at 66 S. Cooper St. and 2158 Union Avenue. The site includes a five-story office building and a former antiques mall, slated to become Playhouse on the Squares new facility.

According to Jackie Nichols, founder and executive producer of Circuit Playhouse Inc., the office building will contain dressing rooms, a costume shop and a backstage area for the theater.

The bottom two floors of it will be support space for the new theater facility, which is going to be designed by John Morris, who is the architect for The Steppenwolf Theatre in Chicago, Nichols said, adding that the top three floors will be rented out to nonprofit arts groups for use as offices or rehearsal space.

Once that theater is built, Circuit Playhouse, which is on Poplar, will move to where Playhouse is so both of the theaters will be adjacent to each other, Nichols said. Well rent Circuit out, and it will be used for educational programming over there.

Playhouse has begun a $15 million capital campaign. The new facility is slated to open in 2007.

 

11.56 acres near

Knight Arnold Road

Cost: $6.1 million

Borrower: Waverly Gardens of Memphis LLC

Lender: First Tennessee Bank NA

Trustee: Robert C. Liddon and Thomas F. Baker IV

Property: 11.56 acres and an easement near Knight Arnold Road and Kirby Parkway.

 

5384 Poplar Ave.

Memphis, TN 38119

Cost: $3.9 million

Buyer: Commerce Center LP

Seller: Industry General Corp.

Property: 3.95 acres at 5384 Poplar Ave. near Valleybrook Drive.

 

Kimball Cabana

apartment complex

Cost: $3.7 million

Borrower: Tennessee Investment Group Realty LLC

Lender: Washington Mutual Bank FA

Trustee: Joseph B. Pitt Jr.

Property: Kimball Cabana Apartments located near Kimball Avenue and Haynes Street.

 

464 N. Main St.

Memphis, TN 38103

Cost: $3 million

Borrower: Uptown Center LLC

Lender: Bank of Bartlett

Trustee: John W. Byrd

Property: Three parcels at 464 N. Main St. near Auction Avenue.

 

Five lots in

Braystone Park

Cost: $2.4 million

Borrower: Tabor Building Corp.

Lender: First Tennessee Bank NA

Trustee: Thomas F. Baker IV

Property: Five lots in Braystone Park Subdivision.

 

4341, 4365 Old Lamar Ave.

Memphis, TN 38118

Cost: $2 million

Borrower: Boise Building Solutions Distribution LLC

Lender: JPMorgan Chase Bank

Trustee: Mark Lee

Property: Parcels at 4341 and 4365 Old Lamar Ave. near Delp Street.

 

9.1 acres near

Germantown Parkway

Cost: $2 million

Buyer: Cypress Realty Holdings Co. LLC

Seller: Ambulatory Operations Inc.

Property: 9.1 acres near Germantown Parkway and Club Parkway.

 

Four parcels in

three subdivisions

Cost: $1.5 million

Borrower: Mark Matthews Development LLC

Lender: AmSouth Bank

Trustee: FMLS Inc.

Property: Four parcels including lots in the Bristol Heights and Millers Grove subdivisions and Kings Pointe Planned Development.

 

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 51 328 20,960
MORTGAGES 58 387 24,132
FORECLOSURE NOTICES 6 54 3,101
BUILDING PERMITS 170 842 43,435
BANKRUPTCIES 50 288 13,468
BUSINESS LICENSES 34 90 6,712
UTILITY CONNECTIONS 16 110 7,899
MARRIAGE LICENSES 32 91 4,734