{"id":1004488759,"date":"2020-10-30T05:50:35","date_gmt":"2020-10-30T13:50:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004488759"},"modified":"2020-11-02T07:59:02","modified_gmt":"2020-11-02T15:59:02","slug":"memphis-area-whole-foods-market-trades-for-19m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/memphis-area-whole-foods-market-trades-for-19m\/","title":{"rendered":"Memphis-Area Whole Foods Market Trades for $19M"},"content":{"rendered":"
\"\"<\/a>

Whole Foods in Germantown, Tenn. Image via Google Street View<\/em><\/p><\/div>\n

Benderson Development has acquired a 36,570-square-foot Whole Foods Market in Germantown, Tenn., from Cypress Realty Holdings Co., according to Shelby County public records. Stan Johnson Co. arranged the $18.5 million sale of the single-tenant building at a 4.6 percent cap rate.<\/p>\n

Director Pat Weibel of Stan Johnson worked on behalf of the seller. The buyer assumed a $10.3 million loan originated by Farm Bureau Life Insurance Co. in 2015. <\/p>\n

The property is located at 7811 Poplar Ave., 15 miles east of downtown Memphis. Completed in 2015 on a 5.2-acre parcel adjacent to Route 72, the grocery store is part of the city\u2019s largest retail and entertainment hub. Other retailers in the area include Starbucks, T.J. Maxx and Hobby Lobby.<\/p>\n

In February 2020, Benderson Development acquired a $218 million interest<\/a> in the ground lease under Pioneer Natural Resources\u2019 new headquarters in Irving, Texas. The 1.1 million-square-foot property is part of the $1 billion Hidden Ridge development.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stan Johnson Co. represented buyer Benderson Development in the disposition of the 36,570-square-foot asset.<\/p>\n","protected":false},"author":739,"featured_media":1004488807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749],"tags":[41030,44270,33004],"class_list":["post-1004488759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","tag-benderson-development","tag-stan-johnson-co","tag-whole-foods-market"],"acf":[],"yoast_head":"\nMemphis-Area Whole Foods Market Trades for $19M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/memphis-area-whole-foods-market-trades-for-19m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Memphis-Area Whole Foods Market Trades for $19M\" \/>\n<meta property=\"og:description\" content=\"Stan Johnson Co. represented buyer Benderson Development in the disposition of the 36,570-square-foot asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/memphis-area-whole-foods-market-trades-for-19m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-30T13:50:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-02T15:59:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Whole-Foods-in-Germantown.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"798\" \/>\n\t<meta property=\"og:image:height\" content=\"597\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/memphis-area-whole-foods-market-trades-for-19m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/memphis-area-whole-foods-market-trades-for-19m\/\",\"name\":\"Memphis-Area Whole Foods Market Trades for $19M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/memphis-area-whole-foods-market-trades-for-19m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/memphis-area-whole-foods-market-trades-for-19m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Whole-Foods-in-Germantown.jpg\",\"datePublished\":\"2020-10-30T13:50:35+00:00\",\"dateModified\":\"2020-11-02T15:59:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/memphis-area-whole-foods-market-trades-for-19m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/memphis-area-whole-foods-market-trades-for-19m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/memphis-area-whole-foods-market-trades-for-19m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Whole-Foods-in-Germantown.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Whole-Foods-in-Germantown.jpg\",\"width\":798,\"height\":597,\"caption\":\"Whole Foods in Germatown, Tenn. 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