Barloworld Truck Center Inc. sold its full-service truck center in Memphis, located on Fontaine Road and East Brooks Road, as well as its truck centers in Jackson, Tenn., Tupelo, Miss., and Jonesboro, Ark., and a body shop in West Memphis to TAG Real Estate Holdings LLC. The total sale amount was $8.2 million, according to Gary Dodson, who formed TAG Real Estate with partner Tommy Earl.
TAG Real Estate is a shell corporation for TAG Truck Enterprises LLC. Earl formerly served as the vice president of sales for the South African-based company Barloworld, and Dodson was the company's vice president of operations.
The Memphis center includes three buildings, the largest of which is at 1650 E. Brooks Road. The buildings house parts warehouses, administrative offices and storage facilities.