Services

Recent MRG Transactions

Posted on by MRG Memphis

Posted in Recent Transactions

Greenberg

Michael Greenberg represented Highway 64 Partners LP, et al, in the sale of 5.319 acres on Highway 64 at I40 in Lakeland for $1.3 million.  The property was sold to Lakeland 64, LLC, a company affiliated with the Barclay Group of Phoenix, Arizona.  Barclay has plans to develop a 45,000 square foot build-to-suit for an L.A. Fitness Center on the property.

 

Lubin

Gary Lubin recently represented the landlords of Crestview I and II, located on Crestview Drive in northeast Memphis, in the relocation and expansion of Electronic Security Systems Corporation from 3,000 square feet in Crestview II to 5,500 square feet in Crestview I.

 

McLemore

Roger McLemore represented the landlords of Crestview II in two recent transactions.   Ashlye McCormick Design has leased 3,000 square feet and Michael Chambers has also leased 3,000 square feet for a restoration business.

 


MRG Receives Eight Honors at Diamond Achievement Awards

Posted on by MRG Memphis

Posted in Awards

Jimmy Ringel, COO of MRG and Dawn Barber, District Property Manager and winner of the Multi-Site Supervisor award

Jimmy Ringel, COO of MRG and Dawn Barber, District Property Manager and winner of the Multi-Site Supervisor award

MRG had another winning year at the 10th annual Diamond Achievement Awards, sponsored by the Apartment Association of Greater Memphis and held January 10th at the Kemmons Wilson Holiday Inn at the University of Memphis. Our eight awards included both of the event’s Outstanding Management Team honors (Monticello and Highland Chateau). For the third year in a row, MRG took home the trophy for Top Shop for best performance on a leasing mystery shop, thanks to Cassandra Johnson at Highland Chateau. And hats off to Dawn Barber, who was recognized as Best Multi-Site Supervisor, the second time Dawn has received this honor.

Congratulations to all of the 2014 MRG winners:

Best Clubhouse/Leasing Center, 8-18 Years Old: The Westbury
Assistant Manager of the Year, 1-299 Units: Marnita Beach Copes, Champion Hills at Windyke
Property Manager of the Year, 1-299 Units: Khristy Kline, University Crossing
Top Shop Award: Cassandra Johnson, Highland Chateau Apartments
Outstanding Management Team, 1-299 Units: Monticello Apartments
Outstanding Management Team, 300+ Units: Highland Chateau Apartments
Above and Beyond Maintenance Award: Steve Craft, Corporate Rovers
Best Multi-Site Supervisor, 501+ Units: Dawn Barber

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Shops of Countrybridge 100% Occupied

Posted on by MRG Memphis

Posted in Recent Transactions

Roger McLemore

The Shops of Countrybridge, located on U.S. 64 near Interstate 40, was 75 percent leased at the start of the year, but a string of lease signings have brought occupancy up to 100 percent.

Lakeland Chiropractic expanded its 1,300-square-foot lease to 2,600 square feet. Emerald Thai restaurant moved from its location on Mount Moriah Road to a 1,300-square-foot space at The Shops at Countrybridge. In addition, Fayette Pools and The Testosterone Clinic each leased 1,300 square feet there.  Roger McLemore of MRG represented the landlord in all of these transactions.

 

 


Angelo’s Grove Occupancy Rises

Posted on by MRG Memphis

Posted in Press

McLemore

Roger McLemore
VP Commercial Property Services

As reported in this recent Daily News article, 2013 has been a banner year for Angelo’s Grove in Marion, Arkansas, the retail center developed by MRG in 2008.  The center started 2013 at just 37% occupancy and will wrap up the year at 75%. New tenants include Andrey’s Pizza and Grill, Dr. Erin Mitchell with Crittenden Regional Hospital, a new dentist office, Chicken City and an Army and Marine Corps recruiting center.

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Greenberg Speaks about Memphis Apartment Outlook

Posted on by MRG Memphis

Posted in Multi-Family Trends, Press

Michael Greenberg

CEO Michael Greenberg

Makowsky Ringel Greenberg CEO Michael Greenberg recently addressed a crowd at the annual Urban Land Institute’s 2014 Real Estate Outlook for the Mid South, sharing that the geographic location of the existing market supply of apartments isn’t likely to match future demand.  While there is new development occurring in the market, it appears to be more about accommodating shifts in the market that will leave older apartments vacant in favor of newer properties.  More in this Memphis Business Journal article.

Download Michael’s presentation here.


Angelo’s Grove Boosts Occupancy

Posted on by MRG Memphis

Posted in Recent Transactions

Roger McLemore

Roger McLemore

With leases totaling more than 12,000 square feet in 2013 facilitated by MRG’s Roger McLemore,  the occupancy at Angelo’s Grove has doubled.  As quoted in this recent Memphis Daily News article about the flurry of leases here, McLemore says, “Marion continues to be a focal point for businesses trying to capture market share between Memphis and Jonesboro. Marion provides local communities with access to essential needs of local families and businesses such as doctors, dentists, restaurants and more.”


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