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VOL. 114 | NO. 75 | Tuesday, April 18, 2000

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Chicago computer company Chicago computer company establishes Memphis presence Image Technology Solutions Inc. has leased 34,000 square feet in Southeast Memphis. The Chicago-based computer repair and information technology services company is moving into Distriplex Center at Shelby Drive and Getwell Road, developed by Farnsworth Investment Co. I.T.S. has signed a lease for space formerly occupied by Summa Manufacturing Corp. The company chose to establish a presence in Memphis because of the areas overnight shipping services, primarily FedEx, company officials said. I.T.S. president Peter Spezza said the company planned to eventually expand its Memphis operations. He said I.T.S. also planned to expand its relationship with FedEx, both as a vendor and a customer. Within the first year, I.T.S. plans to hire 40 to 45 employees in its Memphis facility. The companys Express Restore Program is designed to help companies experiencing computer problems avoid down time. Through the program, I.T.S. delivers to clients replacement computers overnight, fully configured to their specifications. The company stores an inventory of spare computers ready for upgrading and reconfiguration, so each replacement computer is the clients to keep. Beth Flanagan, broker with Commercial Tennessee Inc., represented I.T.S. in lease negotiations. The areas newest Wal-Mart Supercenter is set to open Wednesday in Olive Branch, Miss. The 200,000-square-foot retail store is expected to generate about $650,000 in sales tax revenue during its first year, said Olive Branch Mayor Sam Rikard. When it opens, the store will employ about 400, with plans to hire an additional 100 in the near future, said Wal-Mart Supercenter store manager Don Robertson. Developers for the Supercenter originally hoped to bring in as much as $55 million in sales at the new store, with $713,000 in taxes. Olive Branchs board of aldermen approved the project in February 1999, with construction starting soon after. The new stores layout includes a full grocery store, bakery and deli counter, as well as a tire, oil change and lube express center. Several other businesses, including an optometrist and a Citizens Bank branch, also will occupy space in the Supercenter retail development. A Wendys restaurant and a discount gas station will be built in the same parking lot. A grand opening celebration for the new store begins at 8 a.m. Wednesday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 122 17,665
MORTGAGES 82 150 20,576
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 151 334 36,150
BANKRUPTCIES 54 92 11,774
BUSINESS LICENSES 31 59 5,619
UTILITY CONNECTIONS 28 120 12,154
MARRIAGE LICENSES 24 49 4,406

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