Downtown Memphis Landmark Condos to Sell at J. P. King Auction

MEMPHIS, Tenn.--(Business Wire)--
Historical downtown Memphis landmark condominiums, Nettleton development, will
have an inventory close-out sale for 30 premier condominiums with 15 selling
absolute at auction on Saturday, September 12. The sale will be conducted by J.
P. King Auction Company, the nation`s leading real estate auction marketing firm
specializing in high-value properties and will take place at 11 a.m. at The
Peabody Hotel in downtown Memphis.

The auction will offer 30 units including 15 selling absolute with no minimums
and no reserves. Five of the absolute units are fourth-floor penthouses with a
variety of floor plans to choose from. Built in 1915, this historical building
has been completely renovated to develop the upscale units.

"This sale is a unique opportunity for all buyers, as they will have optimal
financing options available," said Craig King, president & CEO of J. P. King
Auction Company. "These condos are a perfect option for prospective buyers
seeking the urban, city lifestyle of downtown Memphis."

The one-, two- or three-bedroom condominiums feature upscale amenities including
hardwood floors, granite countertops throughout, exotic wood walls, seven-foot
doors, private patio or balcony in each unit, high ceilings, 24-inch old-world
pine pillars and heated underground parking. For its owners, the complex also
provides an exercise room, a rooftop terrace with unobstructed views of the
Mississippi River and a fully-furnished clubhouse with kitchen and wet bar.

Nettleton condominiums are located at the corner of Front Street and Nettleton
Avenue. The Nettleton is less than a mile from some of Memphis`s greatest
attractions including AutoZone Park, FedEx Forum, Peabody Place, the Orpheum and
Beale Street.

In June of 2008, J. P. King also successfully sold the historic River Tower at
South Bluffs in Memphis.

For more information about the upcoming auction, individuals may contact J. P.
King Auction Co. at 800.558.5464 or visit the company`s Web site at
www.jpking.com.

J. P. King, based in Gadsden, Ala. is the nation`s leading auction marketing
firm specializing in high-value properties such as condominiums, developments,
super luxury homes, ranches and land. J. P. King markets upscale properties in
49 states and six countries with recent sales in Texas, Florida, California,
Tennessee, Washington, South Carolina, Texas, Oregon and Alabama.

For J. P. King
The Conroy Martinez Group
Jose Boza/Jorge Martinez, 305-445-7550

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