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Bemis Square sells for $6 million plus

Bemis Square, 1320 South Highland Avenue, has been sold.

DPP Properties LLC, MH40 Properties LLC purchased the 130,310-square-foot facility from LBD Properties LLC for $6,189,000.

Goodwill Industries and Cowboy Jim’s are anchor tenants in the facility that was once home to Kroger and Walmart.

The sale continues a trend of commercial sales in Jackson that includes –

Rodeway Inn, 2239 Hollywood Drive.

Located near Interstate 40, Torna LLC purchased the facility from Eshanya TN Hotels for $2 million.

The sale adds to a growing list of commercial properties sold in Jackson-Madison County.

Recent sales include –

– Hill Boren Properties, 1269 North Highland Ave., sold for $525,000.

The building is located on 2.17 acres on North Highland Avenue in the Downtown Development Cooridor of the Jackson Walk Development and three blocks from West Tennessee’s Largest Medical Center, West Tennessee Healthcare.

– Clay Carlock Jr., purchased 531 Vann Drive, from Cappo Real Estate Holdings LLC etal – Jeffrey E. Cappo TR, Jeffrey E. Cappo Irrevocable Trust for $2,257,817.50.

The 18,000-square-foot facility is a former home of Victory Honda North.

– Madison Towne Centre, 100 Vann Drive, sold for $1,575,000.

Huey and Arnold Acquisitions LLC sold the strip center to Chaohui Tang Li.

Tenants at Madison Towne Centre are LD2 Consignment, elements Salon, First Metropolitan Financial, Sassy Grace Boutique, West Tennessee Vapors, Morgan Tax Service and Batteries Plus Bulbs.

– Old Hickory Inn, 1849 U.S. Highway 45 Bypass, sold for $2,450,000.

Daybreak Suites Jackson LLC purchased the 132 room hotel from JPJ LLC.

The hotel is closed for renovations, and will open in phases – 29 rooms in July – 43 additional rooms in September.

The project is expected to be completed by December 2021.

Daybreak Suites Extended Stay will offer 113 studio, 7 handicap and 12 one-bedroom units.

FOR MORE LOCAL BUSINESS CLICK HERE

(PHOTO: Bemis Square, 1320 South Highland Avenue)

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