MEMPHIS-Riverdale Bend Investors LLC has bought the Market, a shopping center that measures 157,195 square feet, at Riverdale Bend from Capmark Finance Inc. out of foreclosure for a total amount of $1.75 million, which is 88% less compared to the $14.5 million paid for the property in 2006.
The shopping center, which was developed in 1998, sits on 18.1 acres of land at Riverdale and Winchester. Joe Montgomery, Tony D'Ambrosio and Andrew Phillips of Colliers International represented the seller. For the full story, go to Memphis Business Journal.
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