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Editorial Results (free)

1. TAG Truck Center to Occupy Mall of Memphis Land -

4430 American Way

Memphis, TN 38118

Permit Amount: $28 million

Application Date: July 2016

2. EDGE Grants Incentives for TAG Truck Center, Turner Dairy -

Two longtime Memphis-area companies secured tax incentives at the June meeting of the Memphis-Shelby County Economic Development Growth Engine.

The payment-in-lieu-of-taxes will support TAG Truck Enterprises LLC’s plans for the former Mall of Memphis site as well as an expansion of Turner Dairy in the heart of Midtown.

3. EDGE to Consider Incentives for ServiceMaster, Others -

ServiceMaster Global Holdings is one of three local companies with tax-incentive applications before the Memphis-Shelby County Economic Development Growth Engine board on Wednesday, June 15.

The residential- and commercial-services company, which plans to move its headquarters into the former Peabody Place mall in Downtown Memphis, is seeking a payment-in-lieu-of-taxes incentive to offset its $9.3 million personal property investment for items such as furniture, fixtures, computers and equipment.

4. Mall of Memphis Property Bought by Trucking Company -

113-Acre Former
Mall of Memphis Site
Sale Amount: $3.9 million

Sale Date: Dec. 29, 2015
Buyer: TAG Real Estate Holdings LLC
Seller: Memphis Industrial Properties LLC (Johnson Development Associates Inc.)
Loan Amount: $23 million
Loan Date: Dec. 29, 2015
Lender: Mercedes-Benz Financial Services USA LLC
Details: The 113-acre former Mall of Memphis property has a new owner. TAG Real Estate Holdings, an affiliate of Memphis-based TAG Truck Enterprises LLC, paid $3.9 million, or $34,513 an acre, to buy the property from Johnson Development Associates Inc., acting as Memphis Industrial Properties LLC.

5. Mall of Memphis Land Sold to Trucking Company -

The development company that wanted to build a speculative industrial park on the former Mall of Memphis site has sold the property instead.

Johnson Development Associates, Inc., acting as Memphis Industrial Properties, LLC, has unloaded the Mall of Memphis land in a Dec. 29 warranty deed.

6. Group Tries to Entice Purchase of Greened-Up Rigs -

NASHVILLE (AP) – A Tennessee environmental group is using nearly $5 million in low-interest money from the U.S. Environmental Protection Agency to encourage the purchase of tractor-trailers that emit less air pollution.

7. Findings Pinpoint Lamar Corridor’s Troubles -

Anyone who has traveled along Lamar Avenue between Interstate 240 and the Mississippi state line knows how congested it can get, with a seemingly endless line of trucks driving both directions and backing up traffic.
Members of the Greater Memphis Chamber’s aerotropolis initiative now have a better idea of the corridor’s horrendous deficiencies.
Cambridge Systematics Inc., a Cambridge, Mass.-based firm that studies transportation assets and needs nationwide, late last week presented the preliminary findings of its Lamar Avenue Corridor Study to the aerotropolis initiative’s access and transportation committee.
The message is clear and not at all surprising: Lamar Avenue has a host of problems that need to be resolved if Memphis wants to continue its role as a critical link in the global supply chain.
The study, which kicked off in the summer, is addressing traffic flows and transportation needs within the Lamar Avenue corridor – the area bordered by I-240 to the north, the Mississippi state line to the south, Interstate 55 to the west and Hickory Hill to the east.
Cambridge Systematics is conducting the study in conjunction with the Memphis Metropolitan Planning Organization, the University of Memphis’ Intermodal Freight Transportation Institute and the chamber.
The Tennessee Department of Transportation assigned Cambridge Systematics to the study following a request from MPO; TDOT has an ongoing contract with Cambridge Systematics to assist local planning organizations around the state.

8. Barloworld SellsTruck Business, Properties -      Barloworld Truck Center Inc. sold its full-service truck center in Memphis, located on Fontaine Road and East Brooks Road, as well as its truck centers in Jackson, Tenn., Tupelo, Miss., and Jonesboro, Ark., and a body sh