VOL. 126 | NO. 243 | Wednesday, December 14, 2011
Safeway Files $1.7M Loan for Winchester Retail Ctr.
Norcross, Ga.-based Safeway Group Inc., working under the name Fairington Shopping Center LLC, has filed a $1.7 million loan through Bank of North Georgia for Memphis Retail Center located at 6743 Winchester Road and 6797 Winchester Road.
Those are two of three adjacent parcels Safeway obtained from Pan Pacific Development Tennessee LLC via a $2.5 million quitclaim transfer in October 2007.
The company, again working as the Fairington entity, sold the third parcel, which is a vacant lot, in January 2009 for $250,000.
Memphis Retail Center is in The Gallery Planned Development, phase 1, at the southeast corner of Winchester Road and Ross Road.
Safeway uses the address 6809 Winchester Road, according to the company’s website.
The 6743 Winchester parcel includes a 21,216-square-foot neighborhood shopping center on 3.17 acres; the Shelby County Assessor of Property’s 2011 appraisal is $1 million.
The 6797 Winchester parcel has a 31,301-square-foot shopping center on 2.1 acres; the 2011 appraisal is $500,000. Both Class B retail buildings were built in 1990.
Memphis Retail Center has seven vacant bays totaling 23,149 square feet, according to Safeway’s website.
Tenants include J Beauty Supply (13,063 square feet), Family Dollar (8,500sf), Memphis Academy of Barbering (1,800sf), Budgetline Cash Advance (1,200sf), a hair salon (1,206sf) and Postal Employees’ Credit Union (2,625sf), according to the site.
Source: The Daily News Online & Chandler Reports
– Daily News staff
Two Clothing Stores to Open Downtown
Two new apparel stores are coming Downtown.
The Center City Development Corp. will consider two retail forgivable loan applications at its meeting Wednesday, Dec. 14.
The retailers that have applied are Life is Good, which plans to sign a 10-year lease for 1,900 square feet at 100 Peabody Place, and Dress Style Studio, which plans to sign a seven-year lease for 1,800 square feet at 119 S. Main St.
The CCDC meets at 9 a.m. The agency’s staff has recommended loans of $40,000 for each business.
Life is Good, which plans to open in March, designs, prints, embroiders and distributes its own product line, which includes men’s, women’s, children’s and pet accessories, T-shirts, sweatshirts, casual sportswear and accessories.
Its most popular item is a 100 percent cotton, pre-washed T-shirt that sells for $25.
Dress Style Studio, which is looking to open in January, will be owned and managed by Tamara Sorman, who opened Shop Girl New York Downtown in November.
Her store will offer a selection of the latest fashion styles, including professional attire as well as casual and social wear.
– Andy Meek
Retired Criminal Ct. Judge Lockard Dies at 91
Funeral services were pending Tuesday, Dec.13, for retired Shelby County Criminal Court Judge H.T. “Tony” Lockard.
The 91-year-old Lockard died Monday, Dec. 12.
Lockard was among the attorneys who served as the bulwark of the Memphis civil rights movement and establishment in the late 1950s and early 1960s. He was president of the Memphis branch of the National Association for the Advancement of Colored People, which was a dominant factor in the shaping of the city’s civil rights movement.
Lockard became an attorney in 1951 and earned his law degree from the Lincoln University School of Law in Missouri.
He had been denied admission to any law school in Tennessee.
By the late 1960s, Lockard was an administrative assistant to then-Tennessee Gov. Buford Ellington. Ellington played a key behind-the-scenes role as an adviser on civil rights issues to President Lyndon B. Johnson.
Lockard became a Criminal Court judge in 1975 and retired in 1994.
– Bill Dries
Boyle Promotes Binkley to VP
Boyle Investment Co. has promoted Les Binkley to vice president.
Along with overseeing day-to-day activities that pertain to Boyle’s mixed-use developments, Binkley will explore potential property acquisitions for future Boyle projects.
Binkley joined Boyle in 2007 as director of development in the company’s land development department.
He is accredited as a Leadership in Energy and Environmental Design professional and has been involved in the execution of projects such as Schilling Farms, Price Farms, Ridgeway Center and Fisherville Farms.
Prior to joining Boyle, Binkley worked in the commercial real estate sales and leasing sector with CB Richard Ellis.
– Sarah Baker
KIPP Memphis Awarded $3M Grant to Expand
KIPP Memphis Collegiate Schools has been awarded $3 million from the Charter School Growth Fund Tennessee to go toward its expansion from two to 10 schools by 2016.
CSGF is a nonprofit philanthropic fund that supports charter schools specifically.
KIPP, which stands for Knowledge Is Power Program, is a national network of college-prep charter schools that have open enrollment.
The KIPP Memphis Collegiate Middle School opened in 2002. KIPP Memphis Collegiate High School opened this fall with a ninth-grade class.
The KIPP Memphis organization won approval from the countywide school board in October to open two new charter schools in the 2012-2013 school year as part of the Memphis City Schools system.
– Bill Dries
Wells Fargo Gives $200K to Nature Conservancy
Wells Fargo & Co. is giving The Nature Conservancy $200,000 to help fund the group’s work with the U.S. Army Corps of Engineers for long-term recovery and restoration along the Mississippi River.
Part of the money will help pay for an assessment study that will guide restoration and recovery – such as flood-plain reconnection – for years to come.
With the contribution from Wells Fargo, staffers from the conservancy’s Great Rivers Partnership are working with the corps and other federal agencies to look for ways to improve flood-risk management and environmental conditions along the river.
The conservancy also is working with other nonprofit groups and the corps to fund and conduct the Lower Mississippi River Resource Assessment. A report from that assessment will guide future restoration efforts.
– Andy Meek
Peabody Elem. PTA Leader Lunches at White House
Peabody Elementary School Parent Teacher Association Co-President Mandy Grisham recently attended lunch at the White House upon invitation by the U.S. Department of Education.
Grisham, the 2011 Tennessee representative for Parenting Magazine’s Mom Congress, attended a reception and private tour of the White House, according to the Friends of Peabody School blog. Her trip was sponsored by an organization called City Leadership.
In January, Grisham will return to Washington to meet with the Education Department and other Mom Congress delegates to discuss ways the government can improve communication with parents in regards to the Elementary and Secondary Education Act.
– Aisling Maki
Lifeblood Seeks Donors During Holiday Season
Lifeblood is seeking blood donors during the holiday season as its community blood supply nears critical shortage levels.
Between now and Sunday, Dec. 18, Lifeblood will offer a choice of a Malco movie pass or a long-sleeve Lifeblood T-shirt for those who donate at any Lifeblood center or mobile blood drive.
For more information including a complete list of donor centers and hours, call 888-LIFEBLOOD or visit www.lifeblood.org.
– Taylor Shoptaw