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Clark Tower in east Memphis sold for $37 million

Cicada Capital Partners bought the 34-story office building in partnership with Eightfold Real Estate Capital L.P.

MEMPHIS, Tenn. — UPDATE 8/10/2021 - An iconic east Memphis landmark has been sold.

According to public records, Clark Tower was sold for $37.1 million.

Cicada Capital Partners bought the 34-story office building in partnership with Eightfold Real Estate Capital L.P.

A company spokesman said last week the plan would include "substantial" improvements to the interior, exterior, and building amenities.

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8/2/2021 - The second tallest building in East Memphis got a new owner Monday.

The Memphis Business Journal reports that Clark Tower was sold to Cicada Capital Partners, a local real estate and investment group.

The sales price has not been disclosed.

Cicada say it is planning significant renovations to both the interior and exterior of the 34-story building.