It marks HomeGoods’ first store in the Memphis area.

Sugar Land, Texas-based Montex Exploration Co. bought the property from Gallina Centro LLC, an entity affiliated with Memphis-based Boyle Investment Co., which developed Gallina Centro.

Montex financed the purchase with a $5.8 million construction loan through Magna Bank. The loan matures in October 2015. A note on the bottom of the trust deed lists it as “Gil Ryan HomeGoods.” Developer Gil Ryan is behind the Gallina Centro infill development slated to include a 21,360-square-foot Michael’s, a 24,000-square-foot HomeGoods and 3,200 square feet of speculative tenant space, according to an October report presented to the Collierville Board of Mayor and Aldermen.

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