6410 Poplar Ave
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.