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VOL. 114 | NO. 50 | Tuesday, March 14, 2000

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The nations largest grocery store chain and a major discount retailer have signed on with Boyle Investment Co Boyle development draws Kroger, Stein Mart The nations largest grocery store chain and a major discount retailer have signed on with Boyle Investment Co. to be tenants in its newest shopping center development. The Kroger Co. and Stein Mart have committed to lease space in Boyles Gallina Centro shopping center, now under construction at Houston Levee and Poplar Avenue. Kroger has signed a lease for 60,000 square feet of space and Stein Mart has agreed to lease 36,000 square feet of the centers 400,000 square feet of available space. Construction started March 1 on the project, and the first stores in the shopping center are expected to open in about a year. About 270,000 square feet is available in the main portion of the shopping center. The remainder of the space is available in pad lots. Boyle currently is in negotiations with other retailers for space in the building, said to Boyle senior vice president Cary Whitehead. Although their identities were not yet ready to be released, he said they included a national drug store chain, restaurants, a home decor store and a clothing store. Convenience retailers, an office supply company and two laundry/dry cleaning enterprises also are considering the property, he said. DeSoto County home sales declined roughly 10 percent in January from the same month in 1999, according to the latest statistics released by the Northwest Mississippi Association of Realtors. According to NMAR, 95 homes were sold in January 2000 compared to 105 sold in 1999. Olive Branch continued to lead the county with 38 home sales, up 8 percent from the same month last year, while Southavens 22 sales, up from 18 in January 1999, led with the highest percentage increase of about 22 percent. Anthie Sutterfield, executive director of NMAR, said the latest figures were based on closings that took place between Jan. 1 and Jan. 31. She said these figures might be conservative because NMARs survey represents only sales of homes listed for sale through the Multiple Listing Service. R.L.R. Investments LLC, an Ohio limited liability company, financed $6.2 million through Union Planters Bank, securing the loan with property at Memphis-Arlington and Gerber roads, according to a trust deed filed Wednesday in the Shelby County Registers Office. Raleigh Springs LLC, a Delaware limited liability company, financed $11 million through Credit Suisse First Boston Mortgage Capital LLC, securing the loan with Raleigh Springs Mall property at Yale Road and Austin Peay Highway, according to a trust deed filed March 6. Bowden Building Corp. financed $3.5 million through GMAC Mortgage Corp., securing the loan with 30 lots in Rogers Farm subdivision, according to a trust deed filed March 6. Mitchell Investments LLC and Corporate Estates, a California corporation, purchased 28.7 acres on Holmes and Mineral Wells roads from Vintage Ranch Properties, a California corporation, for $10.7 million, according to a special warranty deed filed March 1.
PROPERTY SALES 56 289 2,908
MORTGAGES 55 226 2,009
BUILDING PERMITS 108 1,002 6,703
BANKRUPTCIES 42 248 1,225