Daily Memphian By Sophia Surrett, Daily Memphian Updated: January 22, 2025 4:00 AM CT | Published: January 22, 2025 4:00 AM CT https://dailymemphian.com/subscriber/section/businessreal-estate/article/49347/crosstown-memphis-midtown-olive-branch-business-commercial-real-estate

A Wave of Best Wash Laundromats coming to Memphis Best Wash Laundromats, a St. Louis-based 24/7 laundromat company, plans to open a dozen or more locations in the Memphis area. Best Wash has 17 sites open and 10 in the works across Missouri, Illinois and West Tennessee. Most recently, Best Wash opened in the 5,000-square-foot building formerly occupied by Regions Bank at 3558 S. Mendenhall Road. The company signed a 20-year lease with four five-year extension opportunities. The 10-year-old company hired Tom O’Hara, who focused on growing the laundromat business and expanding its presence. O’Hara said they are focused on similar metro areas like St. Louis and recreate what they built in the chosen city. “We have really been in an expansion and growth mode,” O’Hara said. “That’s what led us to Memphis.” O’Hara said by February, the company will have six Best Wash Laundromat locations. Frank Dyer III and Barry Maynard with Gill Properties represented both the landlord, GeStault Power Academy, and the tenant, the O'Hara family. Dyer and Maynard will facilitate leases for all Best Wash Laundromat locations. Two more locations are expected to open soon, including a 3,000-square-foot space at 2887 Covington Pike and a 5,452-square-foto space at 6819 Winchester Road. Over the next five years, Best Wash plans to open 25 to 30 locations. Dan Walker & Associates is the general contractor for the Memphis locations, with each site costing about $1.2 million to $2 million to build.

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.

By Sophia Surrett, Daily Memphian Updated: September 27, 2024 7:02 AM CT | Published: September 27, 2024 4:00 AM CT Scooter’s Coffee opening five locations in Mid-South National coffee chain Scooter’s Coffee has five freestanding locations in the works within the Mid-South. Two Scooter’s Coffee locations have opened along U.S. 51, one at 712 U.S. 51 in Covington and one at 7971 U.S. 51 in Millington. Food Files: Waffle House may come to Forest Hill Irene, Gangsta Fried Chicken opens Downtown Two contracts have been closed: 2555 W. Goodman Road in Horn Lake and Church Road at the Shops of DeSoto Center. A contract could be signed for a location later this year at 1732 S. Highland Ave. in Jackson, Tennessee. Scooter’s Coffee, which has 321 locations nationwide, wants to open 18 more locations in the Mid-South within two years, with the next 12 under construction by the end of 2025. Gill Properties brokers Barry Maynard, Frank Dyer III and Emily Vanasek facilitate all Scooter’s new site deals.

By Sophia Surrett, Daily Memphian Updated: September 25, 2024 4:00 AM CT | Published: September 25, 2024 4:00 AM CT Wallace Plastic Surgery Group Wallace Plastic Surgery Group has expanded its space in Baptist Hospital at 6125 Humphreys Blvd. with a 10-year lease that has multiple five-year options. The Memphis-based surgery group was in a 4,353-square-foot space but is now expanding into an adjacent area with an additional 2,175 square feet. <strong>Wallace Plastic Surgery Group has moved to Baptist Hospital.</strong> (Courtesy&nbsp;Barry Maynard/Gill Properties) Wallace Plastic Surgery Group has moved to Baptist Hospital. (Courtesy Barry Maynard/Gill Properties) The additional suite will be an esthetic center for skin care and esthetic services and should be open in January. The practice’s owner, Dr. Robert Wallace, said he wanted to stay and expand at the Baptist Hospital because of its convenience to other practices. “I did a children’s cleft work this morning at the Baptist’s Children’s Hospital, which is attached,” Wallace said. “It was very convenient in a number of ways for me.” Dan Walker & Associates will handle renovations. “We’re very pleased with the direction we’re headed and the services we’re able to provide,” Wallace said. Barry Maynard and Frank Dyer III with Gill Properties represented Wallace Plastic Surgery Group. Patrick Reilly with CBRE represented the landlord, Healthcare Realty Services LLC.

Daily Memphian Scooter's Coffee plans for opening in Horn Lake

Daily Memphian The Early Word

Belly Acres coming to Bartlett Union Depot's first live/work building is under construction.