Inked: ‘Homegrown success story’ expands; Shelby Drive site sold to former owner
Welcome to Inked, a column that notes some of the week’s commercial real estate transactions and updates in the greater Memphis area that may have gone unnoticed.
Industrial site sold to former owner
Karon Nash said Ash Holdings plans to lease out the two warehouses on East Shelby Drive. (Courtesy of Cushman and Wakefield | Commercial Advisors)
Local real estate investor Ash Holdings bought a 38,400-square-foot industrial property on East Shelby Drive for $1.1 million.
The double-warehouse property at 5625 and 5639-5653 E. Shelby Drive was auctioned April 2, with the bid starting at $375,000.
This is an excerpt of this story. To read more, please click here and subscribe.
Topics
inked industrial real estate office real estate Nail spa Subscriber OnlyThank you for being a subscriber to The Daily Memphian. Your support is critical.
As a 501(c)3 nonprofit news organization with a hybrid business model, we rely on a mix of revenue from subscriptions (50%), advertising, events and miscellaneous earned income (25%) and fundraising (25%).
Please consider making a fully tax-deductible donation or other contribution to The Daily Memphian today.
👉 Your subscription pays for you to read all our journalism.
👉 Your donation powers the work we do to reach everyone else with the news.
We believe an informed Memphis is a better Memphis. If you agree, join our growing list of donors now.
Dima Amro
Dima Amro is a native Memphian who covers commercial real estate and economic development for The Daily Memphian. She received her B.A. in journalism at the University of Memphis and M.A. in investigative journalism at American University.
Comments
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.