"Two of Loeb Properties Inc.’s larger retail centers in East Memphis are in the midst of major transformations.
Park Place Centre – the upscale 175,000-square-foot center at Park Avenue and Ridgeway Road that Loeb acquired fromBelz Enterprises Inc. for $10.3 million in late 2010 – has completed $60,000 in improvements, including new monument signage, ongoing tenant improvements, revamped landscape and a new music system.
“Some of it is just making it our own,” said Tom Hayes, Loeb Vice President of Construction. “Some of it is just having new owners look at it with fresh eyes.”"