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St. Jude Children’s Research Hospital Announces Opening of $198M Center

St. Jude Children’s Research Hospital Announces Opening of $198M Center

Nonprofit medical corporation St. Jude Children’s Research Hospital recently announced the opening of the Kay Research and Care Center. The $198 million center will now house the Eric Trump Foundation Surgery and ICU Center; the Marlo Thomas Center for Global Education and Collaboration; and the St. Jude Red Frog Events…

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Sealy & Co. Buys Desoto County Distribution Center

Sealy & Co. Buys Desoto County Distribution Center

Sealy & Company, a commercial real estate investment and operating company, just increased its regional footprint through the acquisition of the Hacks Cross Distribution Center located in Desoto County, MS. At the time of the acquisition, the 240,000-square-foot distribution center was fully leased by hardlines distributor Orgill Inc.…

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Innotrac Pulls Permit for $42M Redevelopment of Property as Target Fulfillment Center

Innotrac Pulls Permit for $42M Redevelopment of Property as Target Fulfillment Center

Innotrac Corp., a Georgia-based commerce services provider, recently pulled a $42 million permit for the redevelopment of the facility at 5461 Davidson Road in Memphis, TN as a new Target fulfillment center.…

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Tanger, Poag Build New Outlet Shopping Center Near Memphis

Tanger, Poag Build New Outlet Shopping Center Near Memphis

North Carolina-based Tanger Factory Outlet Centers Inc. and Poag Shopping Centers, LCC will break ground for a new Tanger Outlets shopping center in Southaven, MS on March 13. Located just 4.5 miles from Memphis at the northeast quadrant of I-69/55 and Church Road, the outlet mall will be developed in…

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Ashford Hospitality Trust Buys Memphis Marriott East Hotel for $43.5M

Ashford Hospitality Trust Buys Memphis Marriott East Hotel for $43.5M

By Liviu Oltean, Associate Editor Ashford Hospitality Trust Inc. signed a definitive agreement to purchase the 232-room Memphis Marriott East Hotel for $43.5 million or $187,500 per room. According to an official statement, the acquisition price represents a trailing 12-month cap rate of 7.6 percent on net operating income. “This…

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IKEA Seeks Approval for 260K SF Store in Memphis

IKEA Seeks Approval for 260K SF Store in Memphis

IKEA is on the brink of increasing its southeastern US presence seeing as it has recently unveiled tentative plans for the development of a new, 260,000-square-foot store in Memphis. Contingent on receiving all governmental approvals, the store could open as early as Fall 2016.…

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Target Corp.Chooses Memphis for the Development of $50M Online Fulfillment Center

Target Corp.Chooses Memphis for the Development of $50M Online Fulfillment Center

Tennessee Gov. Bill Haslam, Community Development Commissioner Bill Hagerty and Target Corporation just announced that Memphis has been chosen for the development of a new, 900,000-square-foot , online fulfillment center. Target will be investing almost $50 million in the new facility, which will bring more than 400 jobs in Shelby…

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Germantown Planning Commission Greenlights New, 60-Bed Psychiatric Hospital

Germantown Planning Commission Greenlights New, 60-Bed Psychiatric Hospital

By Liviu Oltean, Associate Editor The Germantown Planning Commission unanimously approved on Dec. 2 the development of a new 60-bed psychiatric hospital. The hospital will be located on an 18.9-acre tract of land 0.2 miles south of the intersection of Crestwyn Hills Drive and Winchester Road. Dubbed Crestwyn Behavioral Health,…

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Hillwood Investment Makes Official 4M-Plus SF Industrial Park

Hillwood Investment Makes Official 4M-Plus SF Industrial Park

Hillwood Investment Properties officially announced its plan to develop a Class A business park in Olive Branch, MS. The project, dubbed Legacy Park, has the potential of bringing between 850 and 3,000 new jobs to the Memphis metropolitan area.…

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Main to Main Multi-Modal Connector Project Moves Forward with $28.6M Harahan Bridge Renovation

Main to Main Multi-Modal Connector Project Moves Forward with $28.6M Harahan Bridge Renovation

A long-awaited renovation project started this Monday as a construction crew began work on the Harahan Bridge. The $28.6 million renovation of the bridge is part of the Main to Main Multi-Modal Connector Project, which also includes extensive work in Memphis and West Memphis.…

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Downtown Memphis Commission Set to Review Two New PILOTs

Downtown Memphis Commission Set to Review Two New PILOTs

Downtown Memphis Commission’s agenda is filling up seeing as they will have to decide on the 11th of November on two new PILOTs. Filament, LLC, the real estate arm of architecture firm Archimania applied for a PILOT for the development of a new, mixed-use project at 705 S. Main Street,…

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Main Street Apartment Partners Propose 144-Space Parking Lot Adjacent to Hotel Chisca

Main Street Apartment Partners Propose 144-Space Parking Lot Adjacent to Hotel Chisca

Main Street Apartment Partners, LLC, the developers behind the Hotel Chisca project, will present on the 5th of November a proposal for the development of a parking lot to the Downtown Memphis Commission. If approved, the parking lot will occupy a currently vacant lot, just east of the Hotel Chisca.…

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