MBJ: Aerotropolis Development Site Marketed for Sale

A 113-acre site that once was home to the Mall of Memphis is back on the market.

Commercial Advisors LLC brokers Dave Curran and Matt Weathersby, who are listing the property for an asking price of $3.95 million, see it as a prime location for Memphis’ next big industrial user.

Memphis Mall Holdings LLC, an entity of Lehman Brothers Holdings Inc., owns the property at the southwest corner of Perkins and Interstate 240, but has had it off the market for the past two years.

“They’re a motivated seller looking to get something done,” Weathersby says.

Read more: Mall of Memphis marketed for sale | Memphis Business Journal

MBJ Article: Lifeblood Merges Germantown & Collierville Facilities

The new facility will be located at 2095 Exeter Road. Larry Jensen and Matt Weathersby represented Lifeblood in the transaction, using advanced mapping techniques to identify the best location for their operation. According to the MBJ "The new facility, which will open in February, will be about 3,200 square feet and allow Lifeblood to better serve a market where more than 22 percent of its total donors live. Lifeblood, a not-for-profit blood donor and research organization, has an estimated 35,000 active donors in its service area, which extends to Tipton County, North Mississippi and East Arkansas."

Read more: Lifeblood caters to donors by merging Collierville, Germantown facilities in larger space | Memphis Business Journal

Planning Begins on Third Bridge

TDOT has begun a study to examine building a third bridge across the Mississippi River and improve transportation in the tri-state area. They are calling it the Southern Gateway Project, and it is being developed through a collaborative effort amongst TDOT, Arkansas State Highway and Transportation Department (AHTD), MDOT, Memphis and West Memphis Metropolitan Planning Organizations (MPOs), and the Federal Highway Administration (FHWA). To learn more you can visit the project website here.