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Integra Realty Resources Launches Hotel-Focused Practice
Denver-Integra Realty Resources announced plans to launch a hospitality-focused branch of its appraisal service, led by three longtime industry veterans. The new division, IRR Hotels, will provide valuation services for lending, market and feasibility...

Hooters Pays $3.97 Million for Former Ruby Tuesday
National restaurant chain Hooters has acquired the former Ruby Tuesday building in Memphis from Winchester Quince LLC for $3.97 million. The restaurant facility at 7535 Winchester Rd in the Walmart and Sam’s Club shopping center was constructed in...

LA Fitness Leases 33,970 SF in Bartlett
California health club chain LA Fitness signed a lease for 33,970 square feet at 6050 Stage Road in Bartlett, TN. The single story building totals 53,500 square feet in the Bartlett Towne Center. Bartlett Towne Center houses other tenants such as Kroger...

International Paper Leases Over 25,000 SF in Memphis
International Paper, the largest pulp and paper company in the world, signed a one-year lease for 25,245 square feet at 6775 Lenox Center Court in the 385 Corridor submarket of Memphis. The four-story building in Lenox Park totals 100,000 square feet...

The Pinnacle Apartments Bldg Sells for $6.72M
CLK Properties, a Memphis- based multifamily management company, sold its 118-unit apartment building at 305 S Bellevue Blvd. in Memphis for $6.72 million. The multifamily building was constructed in 1970 in Memphis’ Midtown submarket. The just outside...

Nighthawk Equity, 555 Ventures JV Acquires Hermitage Apts for $2.7M
A joint venture between Texas-based Nighthawk Equity and 555 Ventures acquired the Hermitage Apts., an 80-unit apartment complex located at 1103 S Center St in Memphis, TN, from a local investor for $2.68 million, or about $33,000 per unit. The new...

Gramercy Apartments LLC Sells Gramercy Park Townhomes
Gramercy Apartments LLC sold the 78-unit Gramercy Park Townhomes at 2163 Nathaniel Circle in Memphis to Portland, OR-based TC Gramercy Park LLC for $3.55 million, or about $45,500 per unit. Delivered in 1996, the townhome property includes one office...

Torin Drive Int'l Pays $2.7M for Memphis Warehouse
Torin Drive International (TDI), a Memphis-based professional elevator traction machine manufacturer, acquired the industrial building at 4949 E. Raines Rd. in Memphis, TN from SNS Investments for $2.7 million, or about $15 per square foot. The building...

Dayco Products Leases 48,000 SF in Memphis
Dayco Products, an engine product manufacturer and distributor, signed a lease for about 47,500 square feet in the industrial building at 4292 Raines Rd. in Memphis, TN. The single-story building totals 47,500 square feet in the Airport Industrial...

Diversified Conveyors Leases 110,000 SF in Memphis
Diversified Conveyors (DCI), a material handling services provider, leased 109,994 square feet in the industrial building at 1908 Troyer Ave. in Memphis, TN. Bldg 630 in the Memphis Depot is a single-story industrial building that was constructed 1950...

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