Is Stella closed?

I got an e-mail this morning from a reader saying that Saturday night was the final night for Stella, the elegant restaurant at Main and Monroe.  The e-mail stated that they are trying to negotiate a move to East Memphis.  Anyone got more details on this?  I know the Broadnax Building is up for sale, and I guess they weren’t able to negotiate a lease that would keep them there during and after the sale.  Sad to see them go… that makes three great restaurants on Monroe (Stella, LoLo’s Table, and Bon Ton Cafe) that we’ve lost in the past year.