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Phoenix Investors Picks Up 1.1 Million-SF Industrial Portfolio in Covington, Mount Morris
One of the former Quad Graphics industrial buildings at 4000 Hwy. 51 N. in Covington, TN Phoenix Investors (Phoenix), a national investment firm, purchased two former Quad Graphics industrial buildings totaling approximately 1.1 million square feet...

Wheel Mart Tennessee Renews 42,000-SF Ind. Lease at Outland Business Center
The 123,986-square-foot Outland Business Center E distribution building at 4995 Outland Center Dr. in Memphis, TN Wheel Mart Tennessee, a wholesale wheel and tire distributor, renewed its 41,548-square-foot industrial lease at Faropoint Ventures’...

Stoneweg Acquires 200-Unit Memphis Apt. Complex
Leasing office at the The Meadows apartment complex in Memphis, TN Saint Petersburg, FL-based Stoneweg, a real estate services and management company launched in 2015, purchased a 200-unit apartment complex in Memphis, TN from New York-based RCP General...

Dogwood Trace Multifamily Complex Fetches $4.2 Million
The 168-unit Dogwood Trace apartment complex at 4635 Forest Oak Way in Memphis, TN Fort Lee, NJ-based 555 Ventures, a multifamily real estate acquisition and syndication company, purchased a 168-unit apartment complex from Health Ed. and Housing Facility...

CoStar Market Insights: Memphis Multifamily Market
The 252-unit Bridges at Germantown at 7491 Wyndhurst Pl. in Germantown, TN The multifamily boom across the U.S. has not hit Memphis, TN this cycle. Since 2010, Memphis has increased its inventory by four percent compared to the country’s 11 percent...

Special Announcement: CoStar Power Broker Award Winners Named in Memphis
The top-performing commercial real estate firms and brokers in Memphis in 2017 were recognized as winners of the annual CoStar Power Broker Awards. Now in its 17th year, the awards recognize those who perform at the highest levels in commercial real...

Moser-Biddle Corp. Acquires 6,000-SF Retail Bldg. in Suburban Memphis
Photo Credit: Matthews Real Estate Investment Services Knoxville, TN-based Moser-Biddle Corp. purchased a 5,810-square-foot, fully leased retail building in Cordova, TN from Quality Concrete Products Co. for $3.53 million, or approximately $608 per...

Industrial Properties America Lands $109 Million Loan
Pictured: 2124 Skyview Dr. in Lithia Springs, GA.A joint venture between investors advised by J.P. Morgan Asset Management and IDI has landed a $108.6 million loan to refinance a large industrial portfolio. The floating-rate loan from an unidentified...

Tensaw Land & Timber Pays $2.6M for Burger King Branch in Southaven
Burger King at 150 Goodman Rd. in Southaven, MS Tensaw Land & Timber, a family-owned land management company based in Mobile, AL, acquired a 3,993-square-foot Burger King branch in Southaven, MS from Mirabile Investment Corp. for $2.66 million, or...

TMC Renews, Expands Branch to 172,000 SF in Southaven
8655 Commerce Dr. in Southaven, MS Terumo Medical Corporation (TMC), a medical equipment manufacturer headquartered in Somerset, NJ, signed a renewal and expansion of its industrial branch at 8655 Commerce Dr. in Southaven, MS. The company has added...

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