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May 2010 Commercial Sales Recap

July 2nd, 2010 Comments off

43 commercial property sales were recorded for May in Shelby County, up 2% from 2009.

Average sales prices were $494,421, down 27% from the prior year.

The largest commercial property sale was the Hampton Inn located at 1280 West Poplar in Collierville. SGR LLC purchased the property from Collierville Hotels GP on May 11, 2010 for $5,050,000.

Join us Thursday, July 29th from 11:30AM-12:30PM to review 2Q10 commercial market trends and listen to guest speaker Joseph Steffner, President  of Grubb & Ellis Memphis provide details on the state of Shelby County’s commercial real estate market. Cost is $20/person and includes a boxed lunch, copy of the presentation as well our updated market trend reports. Click here to register.

Read the latest article on the commercial market from The Daily News Online here.