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VOL. 129 | NO. 157 | Wednesday, August 13, 2014

Daily Digest

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Krispy Kreme Pulls Permit for Third Store

Krispy Kreme has filed a $575,000 building permit for a new store at 4198 Hacks Cross in Southeast Memphis, its third location in the city.

The Winston-Salem, N.C.-based company filed the permit with the city-county Office of Construction Code Enforcement, listing Chris Sneeden, the director of U.S. real estate at Krispy Kreme, as the owner.

The permit shows no details, such as contractor or architect, other than it’s for the construction of a Krispy Kreme doughnut shop. The company operates its two other Memphis doughnut shops at 4244 Elvis Presley Blvd. and 6255 Winchester Road.

Krispy Kreme has 11 other stores in Tennessee and five in Mississippi.

Source: The Daily News Online & Chandler Reports

– Daily News staff

Restoration of Elvis’ Circle G Ranch Begins

The first phase of restoration at Circle G Ranch in Horn Lake, Miss., formerly owned by Elvis Presley, has begun.

Plans include the relocation and restoration of the historic Honeymoon Cottage to the interior of the property near the horse stables, which will also be restored. An arena will be created next to the stables for horse and pony rides, shows, and equine therapy to help those with developmental challenges.

Elvis’ barbecue pit will be re-created in its existing location, using the remaining original bricks.

The 55-foot cross and the bridge across the 14-acre lake will be refurbished and repainted.

A dynamic water feature will be installed within the lake, as well as a stage for performances on the west side of the lake. A grassed terrace seating area will allow approximately 500 guests to enjoy multimedia water, light and music shows in the natural environment.

A parking area and walking paths will be established to access the attractions. The destination will be a paid attraction.

The investors, led by managing partner Buddy Runnels Jr. of Real Estate International Inc., are striving to preserve the features from Elvis’ ownership, and will nominate these elements to be on the National Register of Historic Places. Projected completion for the first phase is summer 2015. For more information, visit circlegranch.com.

– Amos Maki

CBRE Picked to Manage Lenox Park Buildings

CB Richard Ellis Memphis has been selected by Highbrook Investment Management to manage four buildings in the Lenox Park office complex, located at Tenn. 385 near Kirby Road.

The four 100,000-square-foot buildings are part of the seven that comprise the largest collection of Class A office space in Memphis. CBRE Memphis began management of buildings C, D, E and F on May 1. Since Highbrook purchased the four buildings in 2012, more than 50,000 square feet has been leased to companies including C.H. Robinson, W.M. Barr, Verso Paper and Metro PCS.

The seven buildings in Lenox Park are also home to Pfizer, United Way, United Healthcare, Pickering Firm and Mutual of Omaha.

– Amos Maki

New Physical Therapy Clinic Opens in Midtown

Results Physiotherapy, a Nashville-based physical therapy company, has opened a Midtown clinic in the Belvedere Collection shopping center at Union Avenue and South Belvedere Boulevard.

The clinic is Results’ eighth in the Mid-South. Mary O’Bryan, a native Memphian and graduate of St. Agnes Academy, is serving as the lead therapist at the Midtown location. She attended the University of Tennessee, Knoxville, where she received her bachelor’s degree in exercise science. Following graduation, she continued her education at the University of Tennessee Health Science Center; she earned her Doctor of Physical Therapy degree in 2011.

Results’ other Mid-South locations include Bartlett, Collierville, Cordova, East Memphis, Germantown, Memphis Specialty and Southaven.

– Don Wade

College of Optometry Seeks Dry-Eye Study Participants

Southern College of Optometry is still in need of participants for a comprehensive study to determine the impact of dry eye on daily activities, evaluate differences between clinician-reported and patient-reported severity of dry eye and assess patient satisfaction with existing over-the-counter treatments for dry eye.

The study will take place in cooperation with TearWell Advanced Dry Eye Treatment Center on the college’s campus.

Participants must have a complaint of dry eye, must not be in punctal plugs and can never have used the prescription treatment Restasis. Participation requires one office visit that will last approximately 15 to 30 minutes and involve basic eye tests and a patient questionnaire. Qualified, enrolled patients will receive $50 for participating in the study.

Dry eye is a condition in which the eyes are not producing enough tears to adequately lubricate and nourish themselves. People suffering from this condition typically do not have enough tears or produce poor-quality tears. It is a common, often chronic, problem that worsens with age and is often associated with other conditions like rheumatoid arthritis, diabetes and thyroid problems.

The study is ongoing until reaching the required number of participants for statistical significance. For more information, contact Ramon Gomez at TearWell Advanced Dry Eye Treatment Center by emailing rgomez@sco.edu or calling 722-3263.

– Don Wade

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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