(For more retail coverage, click GlobeSt.com/RETAIL and toread more on the industrial market, click here.)
MEMPHIS-The 1.45-million-sf, 10-story Sears Crosstown buildingat 495 North Watkins St. is being sold. The asking price for thevacant building was not disclosed.
Holliday Fenoglio Fowler managing director Andrew Scandalios,who is located in the company's New York office, and director JasonNettles, who is located in the company's Atlanta office, arerepresenting the seller. Nettles tells GlobeSt.com that the seller,who was not named, decided that market conditions were favorablefor a sale. "They decided that it was a good time to sell," hesays. "There was no strategic thought process behind thedecision."
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