H&R Block, Kevin Hyneman Cos, Lenox Homes LLC, MalmoMemphis Real Estate Inc., Kevin Hyneman, Reggie Garner,
...Kevin Hyneman and Dede Malmo at the Corner Shops of 64 at Highway 64 and Houston Levee
Dede Malmo and Kevin Hyneman
have developed a retail brand they hope will let them "corner" the retail market.
Malmo and Hyneman's
first development was the Corner Shops of 64, a 13,000-square-foot retail center at the southeast corner of Highway 64 and Houston Levee Road.Their next venture will be the Corner Shops of Canada Road, a 32,000-square-foot center located nearby at Canada Road.
A corner location is key to these developments, according to Hyneman
"Long-term, these corners are going to be priceless," Hyneman
says."You can go anywhere and get off-corner.We're paying more money for the corners and our returns may not be as high initially, but when you look at 20 years, we feel we'll outperform anyone off-corner."
Malmo is president of MalmoMemphis Real Estate, Inc.
, which develops, sells, leases and manages commercial real estate. Hyneman is owner and president of Kevin Hyneman Cos., Inc., which develops and invests in properties in and around Memphis, Nashville, Atlanta and Destin, Fla.His
company partnered with Lenox Homes LLC
to develop hundreds of homes on Mud Island.Hyneman also teamed with developer Reggie Garner to form RiverBirch Memphis in order to develop homes in Schilling Farms and Sterling Square at Schilling Farms.
In Atlanta, Hyneman
developed an upscale subdivision called Lake Sovereign, which contains homes costing approximately $1 million each.
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