*The Power Center Community Development Corp. has bought 18.6 acres on Winchester, east of Mendenhall, for $182,400. Darrell Cobbins and Donnell Cobbins of Universal Commercial represented the buyer. DeVaughn Colvin of Crye-Leike represented the seller, Boston Capital Corporate Fund XXIV.
*Powers-Hill Design has signed a five-year lease for 1,808 square feet of office space at Brinkley Plaza. Darrell Cobbins and Donnell Cobbins of Universal Commercial represented the tenant. Don Drinkard of CBRE Memphis represented the landlord, Sanderlin Place GP and Brinkley Plaza Partnership II GP.
*The Power Center Community Development Corp. bought the former Marina Cove apartment complex for $1.6 million, with plans to demolish the buildings and redevelop the 24 acres. Darrell Cobbins and Donnell Cobbins of Universal Commercial represented the buyer. Curtis Braden of Marcus & Millicap represented the seller, Water Gardens LLC.
*Thomas Consultants has signed a five-year lease for 2,572 square feet of flex space at Airport Distribution Center. Darrell Cobbins and Donnell Cobbins of Universal Commercial represented the tenant. Brad Murchison of CB Richard Ellis Memphis represented the landlord, Inland American TN Distribution.
