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Friday, December 19, 2008

Real estate developers purchase Steak & Ale property in Poplar Corridor

Source: Memphis Business Journal

Memphis (Dec. 19, 2008) A pair of local real estate developers purchased the former Steak & Ale building and property for $2 million, with plans to lure another restaurant or other single-tenant user to the Poplar Corridor address.

Bernard Farber and Robert Allen, operating as RABF Holdings LLC, obtained the 6,300-square-foot building at 6201 Poplar during a sealed bid auction conducted by Chicago-based auction firm NRC Realty Advisors LLC.

The 1.3-acre site includes 110 parking spots, as well as access to both Poplar and Poplar Pike.

"It was an opportunity to get a triple A piece of property at Main and Main and add it to our portfolio," Farber says.

Details: Visit www.nrc.com/820 or call (800) 447-0672 for more information.