No Vacancies: Overton Square 100% Leased

Six years ago its then-leasing agent described the mostly empty Overton Square as an outdated commercial center, much of which should be razed and rebuilt with a big-box grocery behind a suburban-style parking lot.

But on Tuesday came confirmation that the preserved and renovated Square is 100 percent leased with the signing of its 27th tenant, women’s clothing store The Ivory Closet at 2095 Madison.

"I think that had somebody told me it would be 100 percent occupied at this point in time we probably wouldn't have forecast that conservatively,'' said Aaron Petree, leasing broker for Square owner Loeb Properties.

With a long list of more businesses that have expressed an interest in moving into the walker-friendly Midtown entertainment district, Memphis-based Loeb Properties is now making plans to erect new retail space on the last few surface parking lots that line Cooper and Madison.

Read more at The Commercial Appeal