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VOL. 129 | NO. 66 | Friday, April 4, 2014

Amos Maki

SEND COMMERCIAL LEASE ANNOUNCEMENTS to Amos Maki, who can be reached at 603-4025 or amos@memphisdailynews.com.

Restivo Group Moves to New Midtown Digs

By Amos Maki

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The Restivo Group Realtors has expanded into new offices at 1861 Madison Ave. in the landmark Gilmore Building.

Alison Restivo started The Restivo Group in 2005 as a retail real estate brokerage company and later expanded into full-service property acquisition and management.

“So many exciting things are happening in Midtown right now: the renewal of Overton Square and formation of a Memphis theater district, continued growth in Cooper-Young, the awesome bike lanes and the revitalization of Crosstown, just to name a few,” Restivo said. “My heart and my business have always been in Midtown, which is why I’m so thrilled to be opening my new office right in the middle of all the action. On a practical note, we’re expanding, so we needed a larger space but also wanted an office that is pedestrian- and bike-friendly.”

Restivo spent several thousand dollars upgrading the space before moving in. She also re-launched her website, www.therestivogroup.com, to coincide with the move.

“We plan to host regular events, including shows by local artists and open houses, as a way of engaging with the community and spreading the word about all the great things Midtown has to offer,” Restivo said.

While she loves Midtown, Restivo said she’ll work all over town and is looking for agents to join her team.

“We also work with buyers and sellers in all areas of Memphis and are more than happy to speak to anyone interested in knowing more about living in Midtown or Memphis in general,” Restivo said. “Memphis is such a great place to live and work.”

Jimmy Lewis of Rasberry CRE represented The Restivo Group while Alex Stringfellow of CB Richard Ellis Memphis represented the landlord.

A Mid-South cheer and tumbling company has renewed its lease. Memphis Pride Allstars renewed for 16,080 square feet at Trinity Ridge Business Center.

The full-service gym, which offers cheer, dance, choreography, music and tumbling programs, arrived at Trinity Ridge in 2011 after leaving a smaller space at Cordova Industrial Park.

Colliers International’s industrial team of Preston Thomas and Andy Cates represented Memphis Pride. Bryce Daves of CB Richard Ellis Memphis represented the landlord.

That’s not the only news at Trinity Ridge Business Center. Several months ago Audio Video Artistry, which specializes in residential entertainment and communications, including home theaters and music systems, moved from the Century Center to a 4,000-square-foot suite inside Cordova commercial complex.

Montreal-based Dalfen America Corp. bought the eight-building Trinity Ridge Business Center in Cordova in 2011 for $7.6 million. The eight-building, 235,000-square-foot industrial park is on 22 acres north of the intersection of Trinity and Raleigh-LaGrange roads. It was built between 1998 and 2007. In August 2007, DBSI Inc. purchased Trinity Ridge Business Center for $22.9 million.

A local logistics company, JMC Express Inc., has leased space at Bellbrook Industrial Park.

JMC Express, which offers air freight, truckload, less-than-truckload and local cartage services, has leased 23,060 square feet at 3035 Bellbrook Center Drive.

Bobby Daush of CB Richard Ellis Memphis represented JMC Express and Bryce Daves represented the landlord, Olymbec USA LLC.

PROPERTY SALES 21 82 6,474
MORTGAGES 7 53 4,088
BUILDING PERMITS 240 353 15,714
BANKRUPTCIES 38 58 3,328