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VOL. 129 | NO. 48 | Tuesday, March 11, 2014




Galvanizing Company Files Permit for Facility

By Eric Smith

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3328 Fite Road
Millington, TN 38053

Permit Cost: $1.9 million

3328 Fite Road • Millington, TN 38053

Project Cost: N/A
Permit Date: Applied March 2014
Completion: N/A
Owner: 3328 Fite LLC
Tenant: 3328 Fite LLC
Architect: N/A
Contractor: N/A
Details: An affiliate of Columbus, Ohio-based “hot dip galvanizing” company Voigt & Schweitzer LLC plans to construct a 63,120-square-foot facility near Millington.

The affiliate, 3328 Fite LLC – named after the address in unincorporated Shelby County near Millington – filed a $1.9 million building permit last week with the city-county Office of Construction Code Enforcement.

The permit calls for foundations for an industrial building on the vacant land, which 3328 Fite bought in October for $325,000 from Timminco Properties Inc., formerly known as Timminco Corp., according to the special warranty deed.

The buyer acquired a 93.6-acre vacant parcel on the north side of Fite Road just south of the Memphis International Raceway. The Shelby County Assessor of Property’s 2013 appraisal was $374,200.

Hot dip galvanizing is the “process of dipping fabricated steel into a kettle or vat containing molten zinc” to protect from corrosion, according to the American Galvanizers Association.

9461 U.S. 72 (Poplar Ave.)
Germantown, TN 38138
Permit Cost: $1.3 million

Project Cost: TBA
Permit Date: Applied March 2014
Completion: TBA
Owner: Bridgestone
Tenant: Firestone Complete Auto Care
Architect: N/A
ContractorHart Construction LLC (dba Hart Contractors LLC)
Details: Firestone Complete Auto Care has filed a $1.3 million permit application with the city-county Office of Construction Code Enforcement for a new retail store at 9461 Poplar Ave. in Germantown.

Firestone, a subsidiary of Nashville-based Bridgestone Americas Inc., will bring a 7,983-square-foot automobile repair shop to the one-acre parcel on the south side of Poplar (referred to as U.S. 72 in the permit) just west of where it meets Old Poplar Pike.

The Shelby County Assessor of Property’s 2013 appraisal of the vacant parcel is $694,000. SMBC Leasing and Finance Inc., in care of Bridgestone Americas, owns the parcel, having purchased it for $900,000 in December from Paragon National Bank.

Hart Construction LLC (dba Hart Contractors LLC) of Searcy, Ark., is listed on the permit as the contractor; no architect is listed.

4789 Cromwell Ave.
Memphis, TN 38118
Permit Cost: $16 million

Project Cost: $41 million
Permit Date: Applied March 2014
Completion: TBA
OwnerThe J.M. Smucker Co.
TenantThe J.M. Smucker Co.
Architect: N/A
Contractor: N/A
DetailsThe J.M. Smucker Co. has filed a second $16 million permit with the city-county Office of Construction Code Enforcement as part of its planned plant expansion at 4789 Cromwell Ave. in Oakhaven.

No contractor or architect was listed on the permit, which is the second in Smucker’s plan to invest $41 million to upgrade its peanut butter production lines. The Orrville, Ohio-based company filed a $16 million permit at the end of January.

The Economic Development Growth Engine of Memphis and Shelby County in mid-January unanimously granted Smucker an amended payment-in-lieu-of-taxes (PILOT) agreement for 15 years on personal property and 13 years on real property.

In addition to 42 new positions, which will have an average wage of $52,545, created through the expansion, Smucker will maintain its existing 61 employees.

The approved tax freeze will save Smucker $13 million, but the company will still pay an estimated $16.2 million in taxes to the city and county over the length of the PILOT. The company said 25 percent of the company’s planned $21.5 million in discretionary spending will be with women- and minority-owned businesses.

6225 Shelby Oaks Drive
Memphis, TN 38134

Loan Amount: $1 million

Loan Date: Feb. 28, 2014
Maturity Date: N/A
Borrower: Nolan’s Shelby Oaks LLC
LenderFirst Tennessee Bank NA
Details: Longtime audio-visual company Nolan AV has filed a $1 million loan on its industrial facility at 6225 Shelby Oaks Drive in Northeast Memphis.

Operating in the transaction as Nolan’s Shelby Oaks LLC, the 73-year-old business filed the deed of trust Feb. 28 through First Tennessee Bank NA.

Dennis C. Nolan signed the deed as member/manager of Nolan’s Shelby Oaks.

Built in 1994, the 24,286-square-foot, Class A warehouse sits on the south side of Shelby Oaks Drive a little east of its intersection with Sycamore View Road. The Shelby County Assessor of Property’s 2013 appraisal was $1.4 million.

“Since 1941, Nolan has been providing solutions to audio and visual needs for corporations, churches, individuals, education, hospitality and many other public and private arenas,” according to its website.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 114 332 10,554
MORTGAGES 119 412 13,739
FORECLOSURE NOTICES 12 80 2,724
BUILDING PERMITS 522 915 25,222
BANKRUPTCIES 80 264 10,156
BUSINESS LICENSES 16 78 3,814
UTILITY CONNECTIONS 92 430 14,987
MARRIAGE LICENSES 15 83 3,250

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