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The Parkway Place development is a mixed-use development on 20.3 acres located in the heart of one of Memphis’ most vibrant commercial corridors, Germantown Parkway.
The site includes a Chili’s ground lease guaranteed by Brinkler International (NYSE: EAT); a landmark 62,000 square foot neighborhood retail center leased to Petco, Party City, Bonefish Grill and others; a 70,700 square foot single story office facility leased to regional and local tenants with substantial letters of credit, security deposits and/or personal guarantees securing their net lease obligations; a 2.5 acre building pad site with all utilities, landscaping, streetscape, sidewalk and curb gutters installed and a net leased single tenant retail bank branch to the Federal Express Credit Union.
Parkway Place is located on the “going home” side of Germantown Parkway at the intersection of Cordova Road to the south and Country Village Drive to the north. Average daily traffic counts on Germantown Parkway exceed 68,210 vehicles per day. Frontage on Germantown Parkway is 850 feet and 560 feet on Cordova Road, an 8 lane signalized intersection. Located in the heart of the thriving Cordova retail submarket, Parkway Place is situated between Memphis’ most affluent community, Germantown, and Memphis’ largest and most successful regional mall, Wolfchase Galleria Mall.
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