Loeb Has Possible Residential Plans for Land Near Highland Row

Loeb Properties could add single-family home development to its list of University District projects.

Indiana-based Milhaus Development LLC, the developer behind the ongoing $52 million, 354-apartment complex under construction at the corner of Midland Avenue and Highland Street, had originally planned to build 35 townhomes on a piece of land adjacent to the Highland Row complex.

Read more in the Memphis Business Journal

Done Deals: Loeb Properties Signs Spate of Leases

 

"Loeb Properties has released a slew of recent leases that fill vacancies from Overton Square to Germantown.

• CFY Catering will be the new operator for the The Atrium, an event venue at 2105 Madison Ave. in Overton Square. Owned by Kevin andKristi Bush, CFY has another location at the Loeb Properties-owned Daybreak Shops in Bartlett. CFY’s lease begins July 1.

• Delta Health Alliance signed a 2,043-square-foot lease at 59 N. Cooper St. The nonprofit supports and operates community-based clinics and promotes health education in the Mississippi Delta.

• Elations His and Hers Boutique signed a 1,750-square-foot lease at 714 N. Germantown Parkway, in the Trinity Commons Shopping Center. Trecia Jones operates the clothing and accessories store.

• Mario’s Pool Supply signed a 1,200-square-foot lease at 1986 Exeter Road, at the Farmington Centre in Germantown. The retail shop specializes in pool supplies and accessories."

Read more in the Memphis Daily News

Tenant Profile: Germantown Trainers Studio

"Susan Ritter had been a Marine and a competitive athlete. Mike Farah had been a successful corporate executive who almost worked himself into an early grave, lost 50 pounds, retired, and began competing in body building competitions.

Along the way, Ritter and Farah worked as trainers at area fitness centers, and started talking about having their own business.

Recently, Farah, 61, and Ritter, 50, opened Trainers Studio in a 1,200 square-foot space in Farmington Centre in Germantown. The complex includes a fitness center and yoga studio, plus a chiropractor, but they don’t see any of them as threats. If anything, they are complementary business models."

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Memphis Daily News: Mary Carter Cake Decorating Center to Grow

"A venerable Memphis cake decorating and supply store is moving to a new location on Summer Avenue.

Mary Carter Decorating Center signed a 4,800-square-foot lease in Cloverleaf Shopping Center at 733 N. White Station Road.

The father-and-son team of Jim and Chris Faherty have operated the family business out of their current, 2,500-square-foot location at 3205 Summer Ave. for 55 years."

Read more in the Memphis Daily News

Loeb Properties Tenants In The News

"Neil’s Bar is moving to East Memphis, across town from its Midtown home of nearly 20 years that was destroyed in a fire last year.

The longtime Memphis bar and grill is setting up shop at 5727 Quince Road in Yorkshire Square, in the 6,000-square-foot space formerly occupied by Whole Hog Café. The shopping center is owned by Loeb Properties Inc. and includes tenants MemFish, ARC of the Mid-South, First American Bank and Yorkshire Liquors.

Neil Heins, owner of Neil’s, said he’s shooting for an opening by the end of February. He said build-out is minimal because it is a second-generation restaurant space."

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"Zaytoon: The Arabic word halal means “lawful” or “permissible,” and while the concept applies to many aspects of Muslim life, its most common use applies to food preparation. Though the Muslim population in Memphis is usually put at about 10,000 to 15,000, that number seems to increase slowly but persistently, particularly in the medical field.

Perhaps even more significant is the attraction that the rigorous purity of halal food has for the health-conscious. Put these two strains together, and you get what Mohammad Halimah calls “a huge opportunity" at Zaytoon in Trinity COmmons."

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"Cash Savers: Last September Kroger Co. purchased nine Memphis-area Schnucks grocery stores. Eight of the stores reopened as Kroger and the ninth remained vacant.

The move clearly illustrated Kroger’s intentions to increase its market share. At the same time, it gave more credence to the notion that smaller, family-owned grocery stores are going the way of the dinosaurs. “We had big visions,” said Jeff Burkhead, who in May 2010 bought the grocery store at 729 N. White Station Road that had formerly been Robilio’s Big Star and Piggly Wiggly."

Read more in the Memphis Daily News