VOL. 128 | NO. 40 | Wednesday, February 27, 2013
California Company Buys Former Quebecor Facility
An affiliate of Downey, Calif.-based Industrial Realty Group LLC has paid $2.7 million for the former Quebecor World Inc. warehouse at 828 E. Holmes Road in Whitehaven.
The single-purpose entity, Memphis Business Park LLC, bought the 257,740-square-foot industrial facility in a Feb. 15 special warranty deed from QG LLC, successor to World Color (USA) LLC.
The Shelby County Assessor of Property shows the current owner as QW Memphis Corp. of Sussex, Wis., where Quad/Graphics – the company that bought Quebecor (later known as Worldcolor) – is based.
Built in 1958, the warehouse sits on 10.62 acres along the north side of East Holmes Road, east of its intersection with Tulane Road and adjacent to Whitehaven Country Club. The assessor’s 2012 appraisal was $6.2 million.
In 2009, Quebecor World, then based in Montreal, Quebec, notified state officials that the commercial printing company would close the Holmes Road facility, eliminating as many as 111 workers. The previous year, the printing company filed for Chapter 11 bankruptcy protection in New York and creditor protection in Canada.
The buyer, Industrial Realty Group, is a privately held real estate development and investment firm “specializing in the acquisition, development and management of commercial and industrial real estate across the country,” according to its website.
The transaction also includes two smaller vacant parcels, as well as two property restrictions signed by a representative of the seller and Industrial Realty Group president and chairman Stuart Lichter.
Source: The Daily News Online & Chandler Reports
– Daily News staff
Design Review Board to Discuss Artspace, Bass Pro
The Downtown Memphis Commission Design Review Board will discuss three major concepts at its Wednesday, March 6, meeting.
There is a construction application for Artspace Projects Inc.’s South Main Artspace Lofts, an adaptive reuse of the former United Warehouse at 138 St. Paul Ave. behind The Arcade Restaurant. The $12.5 million project will also include the new construction of a building over what is currently a parking lot with 44 live/work spaces, as well as more than 20,000 square feet of commercial space, which includes gallery space and an outdoor arts garden and performance plaza. Construction is planned to commence in October with an expected placed-in-service date in November 2014.
Also appearing before the DRB is Bass Pro Shops Outdoor World, which has a construction application for building renovation and site improvements at The Pyramid, 1 Auction Ave., as well as an exterior signage package that includes 5,490-square-foot logos for all four sides of the structure.
The DRB also will discuss window graphics and internally-illuminated monument sign for Beale Street Landing’s signage at 251 Riverside Drive. The application shows a lighted, rotating paddle wheel for Riverside Grill Sunset Bar.
The DRB meets at 4 p.m. in the DMC office, 114 N. Main St.
– Sarah Baker
County Commission Pays Road Project Installment
The Shelby County Commission approved Monday, Feb. 25, paying $239,665 in county capital funding for the local match on the $7.1 million realignment of North Parkway and Jackson Avenue at their intersection with Danny Thomas Boulevard in Uptown.
The Tennessee Department of Transportation project was a 50-50 split with the city being the local half.
The $239,665 is the latest in a series of payments of the county’s part of the local match over several fiscal years totaling nearly $1.8 million.
The city of Memphis share of the local match has been $1.7 million so far with an additional $91,555 due.
The commission also approved a $88,700 contract with Allen & Hoshall Inc. to develop a facility master plan for the Shelby County Health Department.
And the body approved $42,000 in funding for acquisition and closing costs for right of ways and easements for the Woodland Hills detention basin project in the Grays Creek area. The project site is east of Houston Levee Road between Humphreys and Macon roads.
The commission also approved a resolution urging the state to improve its share of funding to the Shelby County Public Defender’s office.
Meanwhile, the commission approved the appointment of eight citizens to a Juvenile Justice Consortium that is part of the settlement among Memphis-Shelby County Juvenile Court, county government and the U.S. Department of Justice over due process problems at the court.
The consortium is outlined in the agreement as the citizens group that will keep the community informed of the progress Juvenile Court makes in implementing the reforms.
– Bill Dries
Masson Joins Caissa Public Strategy
Rick Masson has joined Caissa Public Strategy LLC as senior director, serving as a lead strategist on local and regional projects.
Masson comes to Caissa with 23 years of experience working for the city of Memphis, where his roles included finance director and chief administrative officer.
Most recently, Masson operated his own private consulting firm that specialized in strategic planning and project management services to public agencies, nonprofit organizations and private corporations active in the government sector. The firm served as a catalyst in stimulating private investment in public projects and providing solutions to budgetary and operational challenges faced by public enterprises.
Caissa, run by lawyer and former Shelby County Election Commissioner Brian Stephens, opened in January 2011. Stephens told The Daily News in September that the public strategy concept is only about 15 years old and is relatively uncommon in the South compared to areas like Washington, where firms specializing in the trade are “on every block.”
Caissa will host a welcome reception for Masson on Thursday, March 7, at 5:30 p.m. at 125 S. Main St., suite 600.
– Sarah Baker
Youngberg is New Chair of Bar Health Law Section
Angela Choate Youngberg, an attorney with Rainey, Kizer, Reviere & Bell PLC, is the newly elected chair of the health law section of the Tennessee Bar Association.
Youngberg leads the health law practice group at Rainey Kizer.
The state bar association’s health law section focuses on increasing its members’ knowledge of federal, state and local laws that impact health care professionals and facilities.
At Rainey Kizer, Youngberg maintains a diverse health law practice that includes counseling physicians, physician groups, hospitals, ambulatory surgery centers, nursing homes, medical equipment suppliers, nurse practitioners, imaging facilities, home health agencies, pharmacies, institutional clients, physical therapy companies, and other types of health care providers and suppliers on a variety of health care matters.
– Andy Meek