Posted on May - 11 - 2010
Done Deals: Premier Packaging signs 66-month lease at 4400 Delp
Premier Packaging has signed a 66-month lease for 61,350 square feet at 4400 Delp after moving from Memphis Depot Business Park.
The contract packager had been at the former military installation for 10 years.
The soft market in commercial real estate made the move attractive, said Bill McNeil, owner of Premier Packaging.
“With the economic conditions out there, there were a lot of good deals in the marketplace,” he said.
The business has a potential customer that will allow it to grow at the new space, he said.
Premier Packaging typically employs 25 to 30 people.
Brad Murchison of CB Richard Ellis Memphis represented the landlord, and Ed Larkin of Memphis Commercial and Industrial represented the tenant.
Konica Minolta has signed a lease for 13,750 square feet at 6991 Appling Farms Pkwy. Murchison of CBRE Memphis represented the landlord, and Matt Weathersby of Commercial Advisors represented the tenant.
Global Logistics has signed a lease for 33,600 square feet at 4105 Hickory Hill. Murchison of CBRE Memphis represented the landlord, and Stan Meyers of Belz Enterprises represented the tenant.
Trezevant-brokered deals
C&C Beauty & Fashion, owned by Won H. and Sophia Cho, signed an 181/2 -year lease for 6,000 square feet at 3966 W. Goodman Road in Horn Lake. Barry D. Maynard and Tom Marsh of Trezevant Realty Corp. represented the landlord, American Properties Co.
Bella Arte Hair Salon, owned by Beverly Otis and Andrea Millner, signed a five-year lease for 1,300 square feet at 3340-3354 W. Goodman Road in Horn Lake. Maynard and Marsh of Trezevant Realty represented the landlord, American Properties Co.
Cupcake Cutie Bakery, owned by Robert C. Clayton and Emeka L. Buck, signed a five-year lease for 1,400 square feet at Stage Coach Collections Shopping Center, 7140 U.S. 64, Suite 112 in Bartlett. Maynard and Marsh of Trezevant Realty represented the landlord, American Properties Co.
Golden Coast Asian Restaurant has signed a 10-year lease for 5,000 square feet at Cordova Town Center, 1134 N. Germantown Pkwy., in Cordova. Frank Gusmus and Barry D. Maynard of Trezevant Realty represented the landlord, Cordova Town Center I Partnership. Laura Trezevant of Trezevant Commercial Brockerage represented the tenant.
Humdingers Grilled Fish and Piri-Piri Chicken signed a five-year lease for 3,760 square feet at Cordova Town Center, 1134 N. Germantown Pkwy. Gusmus and Maynard of Trezevant Realty represented the landlord, Cordova Town Center Partnership. Trezevant Realty Corp. developed leases and manages Cordova Town Center. Laura Trezevant of Trezevant Commercial Brokerage represented the tenant.
Sleep disorder center signs
The Reggie White Sleep Disorder Center has signed a seven-year lease for 4,800 square feet at 7420 Guthrie Drive in Southaven. Elliot Embry and Brian Califf of NAI Saig represented the landlord, DeSoto Medical Plaza.
U-haul buys former Arby’s
U-haul bought the former Arby’s restaurant building, 3561 S. Mendenhall, from RTM Development Co. for $200,000. The eight-tenths of an acre has a 3,456-square-foot building. Barry D. Maynard and Tom Marsh of Trezevant Realty Corp. represented the seller.
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