VOL. 113 | NO. 119 | Monday, June 21, 1999
Belz Enterprises announced Jillians, a food and entertainment retailer, will anchor 55,000 square feet of the new Peabody Place Retail and Entertainment Center
Belz Enterprises announced Jillians, a food and entertainment retailer, will anchor 55,000 square feet of the new Peabody Place Retail and Entertainment Center. Jillians will feature a sports video café, more than 200 electronic simulation games, a bowling alley, dance club, billiard tables, banquet facilities and private party rooms, and seven bars.
Memphis Light, Gas & Water approved buying the Shelby County water system last week. The move will make 21,000 residents in unincorporated county areas new MLGW customers on June 30. The sale, approved by the Shelby County Commission on June 7, will reduce Shelby County residents water rates by 15 percent over the next five years, MLGW officials said. MLGW is paying the Shelby County Board of Public Utilities $5 million and waiving an estimated $4.1 million county debt. Prior to the sale, SCBPU bought its water from MLGW although it owned the distribution system. MLGW also operated and maintained the system and billed customers for SCBPU.
Concord EFS Inc. announced a public offering of almost 31.66 million shares of its common stock at $32.25 per share. Concord sold 2 million shares. The former owners of Electronic Payment Services Inc., a company Concord acquired earlier this year in a pooling of interests transaction, sold 29.66 of the shares. Concord has granted the underwriters an option to purchase up to about 4.7 million additional shares to cover any over allotments.
CFS Development Co. of Boston broke ground for a factory outlet shopping center in Tunica, Miss. The developer has contracted with Benchmark Construction Co. of Jackson, Miss., to build Casino Factory Shoppes. Reaves Sweeney Marcom Inc. of Memphis is handling the development planning and engineering. The new center will be located on a 44-acre site at U.S. Highway 61 and Grand Casino Parkway. The $24 million project will have more than 300,000 square feet designed for about 60 stores.
EnSafe Inc. recently opened an office in Jackson, Miss. EnSafe is a Memphis-based environmental and management consulting firm. Chuck Peel has been named branch manager.