East Memphis office building sells for $1.2 million
Memphis Business Journal
Date: Wednesday, February 23, 2011, 5:00pm CST
A 15,000-square-foot office building at 5100 Sanderlin Ave. in East Memphis has sold for $1.2 million to Infinity Real Estate LLC.
The building was owned by the Fouts Estate Family Trust and the Don W. Morgan Family Trust. Fouts & Morgan, a certified public accounting firm, has occupied the space since 1981 and will be moving.
The building’s new occupant will be Tri-State Neurology, which is currently located in the medical facility adjacent to St. Francis Hospital-Memphis.
Infinity Real Estate LLC is a joint venture between James J. Wang, M.D., Ph.D, and Rada Petrinjac-Nenadic, M.D.
Stephen W. Anderson and Stephen W. Cross of Associated Realty Services Inc. represented the seller, and Darrell Cobbins and Donnell Cobbins of Universal Commercial represented the buyer.
