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VOL. 125 | NO. 245 | Friday, December 17, 2010

Sarah Baker

SEND COMMERCIAL LEASE ANNOUNCEMENTS to Sarah Baker, who can be reached at 521-2464 or sbaker@memphisdailynews.com.

EMHC Moving to Appling Farms, Doubling in Size

By Sarah Baker

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Emergency Mobile Health Care is more than doubling the size of its Memphis corporate headquarters.

EMHC has signed a 14,200-square-foot lease at 6972 Appling Farms Parkway. EMHC currently occupies 6,900 square feet at 5071 Wilfong Road, and also has an office in Jackson, Tenn.

“It’s a better location for us to service our customers,” said Michael Nolen, EMHC’s chief operating officer and administrator.

EMHC services hospitals in the Memphis metro area with 30 wheelchair vans and ambulances. It is the official ambulance service for the St. Jude Memphis Marathon, FedExForum, Memphis Redbirds and Mississippi RiverKings.

Locally owned and operated company by Michael and Bette Arndt, EMHC employs more than 130 and is busy planning for its new Appling Farms location.

“We’re now hiring and expanding staff to better suit the needs of the Memphis community,” Nolen said.

CB Richard Ellis Memphis associate Laura Carpenter represented EMHC. Colliers International’s industrial team of Andy Cates, Preston Thomas and Mike Driscoll represented the landlord, Appling Farms Property LLC.

In other Colliers news, Chester Cheshire bought a 2,650-square-foot property at 9411 Cordova Park from Billy and Kristi Pegg for $320,000. Cates, Thomas and Driscoll represented the seller.

In other commercial leasing news, USA Cell & Accessories has signed a 5,032-square-foot lease at Kennedy View Shopping Center, 3980 Park Ave.

USA Cell is a retailer and wholesaler of cell phones, cell plans, equipment and accessories, including complete repair services.

USA Cell has been located at the northeast corner of Park and Highland for the past seven years, but was forced to move to make way for a new CVS pharmacy. The USA Cell signing boosts Kennedy View’s occupancy to 87 percent.

Dede Malmo, president of MalmoMemphis Real Estate Inc., represented the center’s owner, Commodore Realty LLC.

Other recent transactions by MalmoMemphis include the $1.1 million sale of the Tupelo Crossing Shopping Center in Tupelo, Miss.; Malmo represented the seller.

Tupelo Crossing is located on South Gloster Street, a major thoroughfare in Tupelo not far from the city’s large medical center. The shopping center is anchored by McAlister’s Deli. Other tenants include Mutual of Omaha and Joe Joe’s Espresso. Bayard Snowden of Colliers represented the buyer.

Gardo Design Group, a residential design firm specializing in innovative home plans, has signed a three-year, 2,272-square-foot lease in suite 201 in Trinity Place Shopping Center.

For the past 10 years, Gardo has been located in Bartlett. MalmoMemphis represented the tenant, and CBRE associate Tyler Tapley represented the landlord.

H&R Block also has renewed its 1,300-square-foot lease at the Corner Shops of 64, at the southeast corner of U.S. Highway 64 and Houston Levee Road.

MalmoMemphis represented the owner of the center, which includes Bank of Bartlett, Baskin Robbins, Redfish Sushi & Asian Bistro and Premier Martial Arts & Fitness.

• Towers Watson has renewed its lease on 12,400 square feet at Highwoods Properties Inc.’s Shadow Creek I, 3350 Players Club Parkway.

New York-based Towers Watson is an HR risk management insurance and financial services company with 14,000 associates around the world.

Tony Argiro represented Raleigh, N.C.-based Highwoods Properties in the deal. Hank Martin, vice president of NAI Saig Co., and Dan Fisk, vice president of Chicago-based UGL Equis, represented the tenant.

The Shopping Center Group LLC has announced a handful of deals, including two Exxon gas stations – 7874 Highway U.S. 51 North and 7757 Church St. in Millington – that both sit on about a half-acre.

The buyer was Uresh and Sweta Patel, and the seller was Jean Tugwell and the Estate of James W. Tugwell Jr. Gary Shanks, broker with The Shopping Center Group, was the only broker involved in the deal.

Also, Juan and Alma Reyes bought a 2,600-square-foot former Wendy’s fast food restaurant on 2.2 acres at 5015 Summer Ave. from Henry, Robert and James Bell.

The buyers own two Mexican restaurants called La Unica Tortilleria and are relocating and expanding their business from 5040 Summer Ave. Shanks was the only broker involved.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 405 5,939
MORTGAGES 141 492 7,092
FORECLOSURE NOTICES 0 85 1,115
BUILDING PERMITS 0 845 12,430
BANKRUPTCIES 39 255 4,343
BUSINESS LICENSES 49 184 2,363
UTILITY CONNECTIONS 0 138 2,518
MARRIAGE LICENSES 31 108 1,235

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