Financier buys Madison Avenue Cash Saver for $5.3M
Send this to a friend
A New York-based real estate investment and financing company has acquired the Cash Saver grocery store building on Madison Avenue in Midtown Memphis for more than $5.3 million.
An affiliate in care of Ladder Capital Finance LLC, a subsidiary of Ladder Capital Corp. (NYSE: LADR), bought the 69,000-square-foot building at 1620 Madison Ave. from Kansas City-based Associated Wholesale Grocers Inc., according to public deed transaction records.
Cash Saver's lease was transferred to Ladder Capital, records show. Cash Saver is a locally owned cost-plus-10-percent grocer.
A representative at Ladder Capital didn't immediately return a call seeking more information about the purchase.
Ryan Poe covers commercial real estate; transportation and logistics; construction; and Downtown Memphis. Contact him at rpoe@bizjournals.com.
Most Popular
- Most popular
- Emailed
- Mobile
- Newby's plans big menu, venue, hours changes to avoid closure
- Another 'Big Four' accounting firm is leaving Downtown Memphis
- The highest paid executives in Memphis
- Wright Medical merges with international company, gets FDA nod
- Memphis' billion-dollar companies, ranked
- Best BBQ:
- New data center will create 20 jobs, $8.7M in investment in Memphis
- Hard Rock CEO in talks to build 200-room hotel in Memphis
- Memphis Business Journal names CFOof the Year winners
- crye leike
-
The RISE Foundation
-
Mercedes-Benz of Birmingham
-
Tennessee Administrative Office of the Courts
-
ECS Carolinas, LLP
-
The RISE Foundation
-
VIA Productions
-
Production Print Technician NOVACOPY | Memphis, TN -
Accounts Receivable Manager Youth Villages | Memphis, TN
-
Service Coordinator Maxim Staffing | Memphis, TN
-
Certified Occupational Therapist Assistant Signature HealthCARE, LLC | Memphis, TN
-
IT Development Manager Vaco Technology | Memphis, TN
Featured Property
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.