Invacare Inks Lease in SE Memphis
Invacare Continuing Care Inc. has inked a 3,500-square-foot lease at 4187 Senator St. in Southeast Memphis.
The company, an entity of Elyria, Ohio-based Invacare Corp., manufactures and distributes non-acute medical equipment such as wheelchairs, hospital beds, mobility scooters, walkers and respiratory therapy products.
Invacare will occupy part of the institutionally owned, multitenant property spanning 24,750 square feet just east of the intersection at Raines and Getwell roads.
Treat Macdonald, partner of Crump Commercial LLC/Corfac International, represented the tenant. Tim Mashburn, senior leasing associate with Colliers International Memphis’ Management Services Office represented the landlord, Boston-based Cabot Properties Inc.
“It’s great that Invacare, a national company, is occupying space in Memphis,” Mashburn said. “It’s good to see quality tenants like that come into the market.”
The audio specialist was previously in 1,800 square feet at 1731 Dancy Blvd., suite 7.
Classic Party Rentals is a Los Angeles-based event rental company with 30 outlets in 13 states. Its Tennessee locations include one in Memphis and one in Nashville.
The small, women-owned/operated company specializes in Federal Aviation Administration aircraft maintenance repair and overhaul.
Cates and Thomas represented the tenant. Mashburn represented the landlord, Cabot Properties.
Eagle Vision, which offers dry eye care products for health care professionals, occupies about half of the 47,564-square-foot flex warehouse.
Cates and Thomas handled the deal for building owner Wolf Lake Logistics GP.
“It’s a great deal for the Northeast market to retain a tenant of that size,” Thomas said.
• In other deals, James E. Moore of Krispy Krunchy Chicken has leased 3,600 square feet at 2871 S. Perkins Road.
The national fried chicken chain is relocating from 51 S. Main St., where it was housed for less than a year.
J. Max Hamidi of RE/MAX Elite handled both sides of the deal, including representation of landlord Ziad Ozrail of Kortz LLC.
Krispy Krunchy Chicken celebrated its grand opening Aug. 10, Hamidi said.
Hamidi handled the deal, including representation of landlord Mehdi Abesi of Persepolis LLC.
Shah plans to raze the existing 1,100-square-foot structure and building a new 2,500-square-foot Shell station. Hamidi said he will spend about $850,000 for building and equipment, new tanks and new pumps.
Hamidi brokered the deal for landlords Diana Bagby and Dorothy Waters.
• Meanwhile, Advanced Physical Therapy LLC has signed a five-year lease for 2,400 square feet from Crye-Leike Property Management for its new location at 6399 Goodman Road, suite 108, in Olive Branch.
Jeff Waddell with Crye-Leike Commercial’s Arlington office handled the transaction.
Waddell represented the tenant. Bert Adcock with Crye-Leike represented the landlord.
• And Resources for Human Development/Memphis SHP began a three-year, 1,200-square-foot lease at 1707 Madison Ave. last week.
The organization is a job re-training nonprofit with a home base in Philadelphia.
Wilson McCloy with Crye-Leike Commercial represented the landlord, Walter Broadfoot. Bert Canfield with Canfield Realty Services represented the tenant.