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VOL. 130 | NO. 32 | Tuesday, February 17, 2015




Maines Paper & Food Service Continues Work in Arlington

By Kate Simone

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11420 Gulf Stream Road
Memphis, TN 38002
Permit Amount: $2.5 million

11420 Gulf Stream Road • Memphis, TN 38002

Permit Application Date: February 2015
Owner: W D Arlington LLC
Tenant: Maines Paper & Food Service
Details: More new construction is planned at the Maines Paper & Food Service cold-storage facility in Arlington.

A $2.5 million building permit application has been filed with the city-county Office of Construction Code Enforcement for the facility at 11420 Gulf Stream Road, listing the scope of work as “mechanical, electrical, plumbing, fire protection.”

The 56,780-square-foot Class A facility, which is owned by W D Arlington LLC, was built in 1998 and is situated on 6.1 acres at the northeast corner of Gulf Stream Road and Tenn. 385.

The Shelby County Assessor of Property’s 2014 appraisal of the site is $2.2 million.

The $2.5 million February permit application follows a $3 million permit application in December.

One of the largest independent foodservice distributors in the U.S., Conklin, N.Y.-based Maines generates an annual revenue approaching $4 billion and distributes to single-unit and regional chain restaurants, educational and health care institutions, convenience stores and other outlets spanning 36 states, according to the company’s website.

4760 Showcase Blvd.
Memphis, TN
Sale Amount: $3 million

Sale Date: Feb. 5, 2015
Buyer: Suit & Tie Lodging LLC, operating in care of Hawkeye Hotels
Seller: Leeward Strategic Properties LLC
Details: A Fairfield Inn & Suites by Marriott near Perkins Road and Interstate 40 in East Memphis has sold for $3 million.

Suit & Tie Lodging LLC, operating in care of Iowa-based Hawkeye Hotels, bought the hotel at 4760 Showcase Blvd. from Leeward Strategic Properties LLC, operating in care of GE Capital Real Estate, according to a Feb. 5 special warranty deed.

Built in 1999, the hotel includes 27,772 square feet. The number of rooms was not immediately available. The Shelby County Assessor of Property’s 2014 appraisal is $1.4 million.

3145 Players Club Parkway
Memphis, TN
Permit Amount: $555,924

Permit Application Date: February 2015
Owner/Tenant: FedEx
Contractor: Linkous Construction Co. Inc.
Details: FedEx is making some improvements at its world headquarters campus.

The Memphis-based company is seeking a $555,924 building permit from the city-county Office of Construction Code Enforcement for “interior tenant renovations of existing commercial building space” at 3145 Players Club Parkway.

Memphis-based Linkous Construction Co. Inc. is listed as the general contractor.

2865 Rudder Road
4100 Louis Carruthers Road
2756 Winchester Road
4376 Airways Blvd.
Memphis, TN
Permit Amount: $1 million total

Permit Application Date: February 2015
Owner: Memphis-Shelby County Airport Authority
Contractor: Chris Woods Construction Co. Inc.
Details: The Memphis-Shelby County Airport Authority is beefing up seismic protections at several properties.

The Airport Authority has applied to the city-county Office of Construction Code Enforcement for four building permits totaling $1 million for seismic improvements at 2865 Rudder Road, 4100 Louis Carruthers Road, 2756 Winchester Road and 4376 Airways Blvd.

Chris Woods Construction Co. Inc. is listed as the general contractor on all four permit applications.

4219 Riverdale Road
Memphis, TN
Sale Amount: $785,000

Sale Date: Jan. 30, 2015
Buyer: Ajit Varma and Haseena Ajit Varma
Seller: Hudson Properties LLC
Details: Investors have purchased a Southeast Memphis gas station and convenience store for $785,000.

Ajit Varma and Haseena Ajit Varma, purchased the Texaco gas station at 4219 Riverdale Road from Hudson Properties LLC, according to a Jan. 30 warranty deed.

Built in 1990, the convenience store totals 4,514 square feet. The Shelby County Assessor of Property’s 2014 appraisal is $496,700. The seller, Hudson Properties, acquired the property for $900,000 in 2012.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
FORECLOSURE NOTICES 19 63 2,202
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926
BUSINESS LICENSES 23 136 4,701
UTILITY CONNECTIONS 23 141 5,534
MARRIAGE LICENSES 15 88 2,982

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