DAILY MEMPHIAN By Sophia Surrett, Updated: October 09, 2024 9:11 AM CT | Published: October 09, 2024 4:00 AM CT Inked: Medical building sold for more than $9 million Welcome to Inked, a column that notes some of the week’s commercial real estate transactions and updates in the greater Memphis area that may have gone unnoticed. Leased Medical Office Building Sold The fully leased 18,000-square-foot medical office building at 1717 Massey Road has been sold to Mill Valley, California-based Four Corners Property Trust for $9.45 million, about $540 per square foot. Four Corner Property Trust is an independent, publicly traded company that buys, acquires and leases retail and restaurant buildings nationwide. Baptist Medical Group renewed a 12-and-a-half-year lease for the building, which houses its pediatrics general physician work and a pharmacy. The seller was Wolf River LLC. Gill Properties brokers Barry Maynard and Frank Dyer III represented both sides of the lease and landlord as well as the purchase. Maynard said this is the highest price per square foot sold for a medical office building in Shelby County, according to Gill Properties and CoStar Group data. The closest is $490 per square foot in Atoka, Tennessee, at 11645 U.S. 51.