"Loeb Properties Inc. has closed on Overton Square, paving the way for the Memphis-based commercial real estate firm to move forward with its plans for the historic property.
Loeb Properties purchased the property, which is eight acres spread across multiple parcels, from Colorado-based Overton Square Investors LLC for $7 million.
The land is bordered by Court on the north, Cooper on the east, Monroe on the south, and Florence on the west."