Memphis International Airport Sold

Atlanta-based Synergy Realty Advisors and Connecticut-based Greenfield Partners to buy Memphis International Airport Center for almost USD 25 million.

The joint venture Atlanta-based firm will have about 1.4 million square foot area. East side of the Memphis International Airport, the special servicer CIII Asset Management LLC.

The agreement including nine-building portofolio in Southeast Memphis or about north section of Winchester Road. The joint venture of special servicer said that the mortgage on the properties for USD 14.3 million in 2012.

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