Marcus & Millichap negotiated the sale of the 18-story Bellevue Tower Apartments in Memphis, Tenn.

The value of the transaction was $2.9 million.

Bellevue Tower Apartments, which comprises 118 units and offers panoramic views of the city, is located at 305 S. Bellevue Blvd. in the Medical Center District. The high-rise building totals 86,996 rentable square feet with a unit mix of 84 one-bedroom/one-bath apartments and 34 two-bedroom/one-bath floor plans. Attached to the property is a three-level parking garage for tenants. The tower, constructed in 1968, includes a clubroom with full-size kitchen, an exercise room and a pool.

Bellevue Tower LLC sold the property to a Chicago-based private investor.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.


Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top