Owner of Whitten Road Retail Center Files Loan
The owner of the 14,136-square-foot retail center at 2435 Whitten Road in Northeast Memphis has filed a $1.1 million loan on the property.
GPG Development Co. filed the deed of trust, assignment of rents and security agreement Jan. 24 through Landmark Community Bank.
The following joint venturers signed the deed on behalf of the borrower: Ken Garland Jr., Mark E. Pugh, Michael R. Pugh, Timothy L. Pugh, and Arminta L. Pugh.
Built in 2002 and home to Medicap Pharmacy, Pugh’s Flowers and Signs First, the Class A strip shopping center sits on 2.7 acres on the west side of Whitten Road between Reese and Elmore roads.
The Shelby County Assessor of Property’s 2013 appraisal was $1.4 million.
Source: The Daily News Online & Chandler Reports
– Daily News staff
Last Ike’s Store Closing Saturday
It will be the end of an era when the Ike’s store at Eastgate Shopping Center closes Saturday, Feb. 1.
When the East Memphis store closes its doors for good, the Ike’s brand will be gone.
Ike’s was formed in 1983 by Memphis-based Malone & Hyde Group. The stores, with their distinctive yellow and red colors and elephant mascot, offered deep discounts on everything from sodas to prescription drugs.
USA Drug bought Ike's and closed two Ike's stores in 2010 in a deal with Walgreen Co., which owns the Ike’s name and left the stores on Union Avenue and Park Avenue as the only remaining locations.
The Union Avenue store has closed in anticipation of being converted into a Fresh Market. The Eastgate store is closing as the Walgreens store at Poplar Avenue and White Station Road prepares to open. A sign outside the store in recent days said it would open Monday, Feb. 3.
– Amos Maki
Sanitation Workers Marker to be Unveiled Saturday
A historical marker in the East Memphis neighborhood where two sanitation workers died in the back of a garbage truck will be unveiled Saturday, Feb. 1, at 10:30 a.m.
The ceremony by the Tennessee Historical Commission and the Memphis Pink Palace Museum comes 46 years to the day after a short circuit in the truck’s compactor crushed Echol Cole and Robert Walker to death at Colonial and Sea Isle roads as their crew made its rounds on a rainy day.
Their deaths were the spark that ignited a wildcat strike by sanitation workers 11 days later, setting off already simmering tensions over the working conditions and city’s treatment of African-American sanitation workers.
The strike brought Dr. Martin Luther King Jr. to Memphis as the conflict quickly came to include other social issues. When King returned to the city in early April 1968 to lead another march, he was assassinated on the balcony of the Lorraine Motel.
– Bill Dries
Memphis Tennis Tourney Draws 18th-Ranked Player
Kei Nishikori, who won the U.S. National Indoor Championships title in Memphis in 2013, is returning for this year’s tournament.
Nishikori, 24, from Shimane, Japan, is currently ranked 18th in the world. He has three career titles on tour and did not lose a set in the Memphis championship last year.
He reached the round of 16 in the recent Australian Open and will compete in a field that includes former Memphis champion Sam Querrey, 2013 runner-up Feliciano Lopez, Vasek Pospisil and Lleyton Hewitt.
The U.S. National Indoor Tennis Championships will be played at The Racquet Club of Memphis Feb. 8-16. Tickets to all sessions are on sale now at memphistennis.com.
– Don Wade
Sullivan Branding, Running Pony Win Regional Emmys
Memphis creative groups Running Pony and Sullivan Branding have won regional Emmy awards for work they produced for the University of Memphis Tigers football team.
The two companies shared an Emmy in the Commercial Campaign category for their “Watercooler Guys” ads that sparked a local catchphrase: “Mind your business, Dennis!”
Running Pony won a second Emmy in the Sports Promo category for the team’s intro video, “A Storm Is Coming,” which features the Tigers and The Mighty Sound of the South marching band playing in a rainstorm.
– Andy Meek
HopeWorks Breakfast Fundraiser Planned for March 1
Dr. Ben Carson, an emeritus professor of neurosurgery, oncology, plastic surgery and pediatrics at the John Hopkins University School of Medicine, will speak at the sixth annual Morning of Hope breakfast and fundraiser Saturday, March 1.
The program will be held from 8:30 a.m. to 10:30 a.m. at Woodland Hills Event Center, 10000 Woodland Hills Drive.
Tickets are $60 each or $600 per table of 10 and may be purchased at whyhopeworks.org. The deadline for all ticket purchases is Friday, Feb. 21.
HopeWorks is also seeking sponsorships for the event. To learn more about sponsorship opportunities, call Ron Wade at 901-272-3700.
– Don Wade
West Cancer Center Names Director of Clinical Research
Dr. Ari VanderWalde has joined the West Cancer Center as director of clinical research.
An internationally recognized cancer researcher, VanderWalde will also hold an appointment with the University of Tennessee Health Science Center as associate vice chancellor of research and assistant professor of hematology/oncology.
Previously, VanderWalde served as Amgen Inc.’s United States medical lead and clinical research medical director, directing U.S. global development of a viral-based immunotherapeutic that has shown efficacy in late-stage clinical trials in melanoma.
– Don Wade
Sutton Reid Advertising Nominated for Award
Political campaigns journal Campaigns & Elections has chosen Memphis advertising agency Sutton Reid Advertising as a finalist for the 2014 Reed Awards, honoring the firm for being among the nation’s best creative agencies in political advertising and public affairs.
The company’s 60-second radio commercial called “Obama” was chosen as a finalist in the category of Best Radio Spots: Best Use of Voice-Over Talent. The ad was created in 2013 for the citywide campaign to fund universal pre-kindergarten classes in Memphis.
Award winners will be announced Feb. 7.
– Andy Meek
First Tennessee Opens Jacksonville Office
First Tennessee Bank has opened a new office in Jacksonville, Fla., that will serve the Jacksonville market with private client banking, wealth management, commercial banking and commercial real estate services.
Full-scale banking will be offered when the office moves to a downtown business district location in late spring.
– Andy Meek