LPI buys trio of medical-office buildings
Formerly known as Loeb Properties Inc., the company owns and manages several properties in East Memphis, including Park Place Centre, an upscale retail center at Park and Ridgeway Road.
There are 34 article(s) tagged NAI Saig Co.:
Formerly known as Loeb Properties Inc., the company owns and manages several properties in East Memphis, including Park Place Centre, an upscale retail center at Park and Ridgeway Road.
A shopping center built in 1970 might be cleared. Plus, a national supplier has bought an Olive Branch warehouse as part of its growth plans.
“I would say that the repurposing of former retail spaces to owner-occupants or local investors has kind of been our sweet spot,” said one of the brokers in this week’s transactions.
A local private investment company bought Sycamore View Plaza, a retail center on Summer Avenue for more than $3 million.
The old Margaritas space in the 153-year-old building across from the Peabody Hotel has new ownership, and a former Kroger building has a new use.
Millwork Specialty Contractors buys warehouse in Memphis International Airport Center; Fusion Hospitality adds to its local hotel holdings; and Rush Gaming & Collectibles signs lease in East Memphis.
Also in this edition of Inked: American Deli may be taking over a former Wendy’s restaurant in the Wolfchase area, and an HVAC company bought a Southeast Memphis building.
Cushman & Wakefield Commercial Advisors markets historic Front Street building, FI Real Estate Capital Management makes second local purchase and North Carolina investors buy East Memphis Bojangles for $3 million.
Commercial real estate firm CBRE is marketing Clark Tower, a 653,214-square-foot office tower at 5100 Poplar Ave.
Plus, local investors add to their retail holdings in Southeast Memphis, and a hotel near Wolfchase Galleria sold for $5.5 million.
Local buyers claim former Daily News building and Fox Run Square. Helen of Troy expands to Southeast Memphis.
The deal is a vote of confidence for the Memphis industrial real estate market, observers said.
A firm tied to an industrial electrical contracting firm and a prominent drag racing operator has bought a Southeast Memphis warehouse.
LBMC is already expanding at Clark Tower, and Southaven will get a little hotter and a lot colder with a Sweathouz location. And rent a business space at Crosstown Concourse.
YH TN Brownsville LLC, a private investment company, bought the 55,356-square-foot building at 2714 Union Ave. Extended from Coastal Partners LLC for $5.5 million.
Growlers, a locally owned and operated concert venue, occupies the building at 1911 Poplar Ave.
Caissa K12 grows at Clark Tower, the city starts building a golf clubhouse and a gutter services company opens its first Mid-South location.
“Investors looking at Memphis from a distance will run the numbers, pull the crime stats, look at the demographics and sometimes walk away from deals that don’t fit a national template,” an executive with real estate firm NAI Saig Co. said about the Southeast Memphis shopping center.
Renovation plans include a new roof, parking lot repairs, LED lighting upgrades and interior renovation of vacant units.
A Denver-based Western-apparel company bought a Southeast Memphis property for its U.S. distribution center.
The Collierville location will be the second Back Nine Golf planned for the Memphis area, and Herman expects to open another spot in Lakeland.
The new laundry will offer a washing, folding, pickup and delivery service.
The former Downtown Royal Furniture Co. building, which was slated to become a Dream Hotel and mixed-use development, was sold in a foreclosure sale to the lender of the project.
The group behind Amuse Adventure Museum and Memphis Escape Rooms is expanding its headquarters. And work is expected to start soon on new townhomes within Cooper-Young.
An inventory of available commercial spaces in Bartlett shows several significant spots open, some of which are on the verge of being occupied.
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