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VOL. 130 | NO. 153 | Friday, August 7, 2015

Disney Store's Memphis Distribution Center Sells for $27.5 Million

Wendy Greenlaw/Chandler Reports

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DDC Investment Inc., a Colorado nonprofit corporation, has acquired The Disney Store’s Memphis distribution operation.

DDC purchased the building at 4795 Imagination Drive in Southpoint Distribution Park for $27.5 million, according to a special warranty deed filed Aug. 5.

The Disney Store has leased the property since 1996. The 660,000-square-foot distribution center was built in 1997 by Clayco for Disney’s direct marketing division.

The facility includes 35,000 square feet of Class A office space and 625,000 square feet of distribution space.

The seller, PanCal Shelby 126 LLC, purchased the property in January 2011 for $20 million.

The center sits on 46.4 acres at the southwest corner of Imagination Drive and Pleasant Hill Road.

The Shelby County Assessor of Property lists a tax appraisal value of $18.7 million.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 88 278 924
MORTGAGES 80 320 1,066
FORECLOSURE NOTICES 0 67 202
BUILDING PERMITS 120 590 2,248
BANKRUPTCIES 55 222 624
BUSINESS LICENSES 31 162 462
UTILITY CONNECTIONS 15 94 274
MARRIAGE LICENSES 12 49 130