Local investors buy Midtown apartment tower for $1.25M
Stonewall Memphis claimed the 104-year-old Almadura apartment tower in Midtown out of foreclosure.
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Stonewall Memphis claimed the 104-year-old Almadura apartment tower in Midtown out of foreclosure.
The 275-unit development, listed as Tapestry Shelby Farms, consists of 11 buildings, varying from one to four stories.
Highwoods Properties developed the building, all nine floors of which is occupied by International Paper, for $56 million in 2014.
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