Hulet Gregory Buys 101,000 SF Office Building In Memphis For $10.25M

The property involved in the transaction is the 101,000-square-foot Poplar Tower office building located at 6263 Poplar Avenue in Memphis, TN. The asset was sold for $10,250,000, at a price per square foot of $101.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,250,000
• Buyer: Hulet Gregory - Gregory Realty LP
• Seller: Adir Levitas - Faropoint
• Buyer's Representative: Brian Califf - NAI Saig Co.
• Seller's Representatives: Landon Williams & Katie Hargett - Cushman & Wakefield

The acquisition of the Poplar Tower office building in Memphis was brokered by Cushman & Wakefield for the seller, Adir Levitas of Faropoint. Representing the buyer, Gregory Realty LP, was Brian Califf from NAI Saig Co. Notable tenants in the building include NAI Saig, Carty & Co. Inc., Douglas & Greer Inc., and EZR Management.