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VOL. 118 | NO. 3 | Tuesday, January 6, 2004

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Trezevant Adds New Phase to Shops of Collierville

Trezevant Adds New Phase to Shops of Collierville


875 W. Poplar Ave.

Collierville, TN 38017

Cost: $6.5 million

Borrower: Shops of Collierville LLC

Lender: National Bank of Commerce

Trustee: R. Grattan Brown Jr.

Property: Five parcels totaling more than 6.8 acres near Poplar Avenue in Collierville.

The property comprises the Shops of Collierville at 875 W. Poplar Ave.

Trip Trezevant, developer and owner of Trezevant Enterprises Inc., said the company refinanced phases one through three of the Shops of Collierville and newly financed phase four.

Were adding 20,000 square feet on to that center, Trezevant said of the fourth phase.

The first three phases of the development are 100 percent leased, with tenants including Schlotzskys Deli, Starbucks Coffee, Back Yard Burgers and Payless ShoeSource. Trezevant said no leases have been lined up for phase four.

Some changes are planned for the centers existing phases.

Were doing some modifications to phases one, two and three to tie all four phases together, Trezevant said. Right now, we have square columns out there; were replacing those with round columns and giving them a more upscale, classier look.

  Land in Baciagalupo

and Woodland Place

Cost: $26 million

Borrower: NNA Properties of Tennessee Inc.

Lender: Bank of America National Association

Trustee: T. Mark Lee

Property: Lots in Baciagalupo Subdivision and Sneeds Woodland Place Subdivision near Monroe Avenue and Interstate 240.


Two lots near

Frisco and LaBelle

Cost: $3 million

Borrower: Hunter Fan Co.

Lender: JPMorgan Chase Bank

Trustee: Joseph B. Pitt Jr.

Property: Two parcels located near Frisco Avenue and LaBelle Street.


35.9 acres of vacant land

on Billy Maher Road

Cost: $2.8 million

Borrower: Chamberlain and McCreery Inc.

Lender: Union Planters Bank National Association

Trustee: E. James House and Richard G. Hall

Property: 35.9 acres of vacant land on Billy Maher Road in Bartlett.


Land near Beale

and Wagner streets

Cost: $2.5 million

Borrower: Carlisle Hotels Inc.

Lender: First Tennessee Bank National Association

Trustee: Robert C. Liddon and Thomas F. Baker IV

Property: Land near Beale and Wagner streets.


Land in phase two of

Houston Levee Center

Cost: $2.2 million

Borrower: Chamberlain, McCreery & Rice LLC

Lender: Community Bank, DeSoto County, Miss.

Trustee: Kathleen R. Webb

Property: Land located in Houston Levee Center, phase two, near Hall and Macon roads.


712 U.S. Highway 51 N.

and 6780 Stage Road

Cost: $2.1 million

Borrower: Faye Foods Inc.

Lender: Imperial Capital Bank

Trustee: Security Title Co. Inc.

Property: Just under one acre at 712 U.S. Highway 51 N. in Covington, Tenn., and 6780 Stage Road in Bartlett.


Nine lots in

Carlton Ridge

Cost: $1.2 million

Borrower: Bowden Building Corp.

Lender: Wachovia Bank National Association

Trustee: TRSTE II Inc.

Property: Nine lots in the Carlton Ridge Planned Development in Cordova.


Vacant land in

Cordova Ridge

Cost: $1.2 million

Buyer: David Miller LLC

Seller: Rusco Co., a general partnership composed of ACH Trust (William R. Hyneman) and RCH Trust

Property: Vacant land in the Cordova Ridge Planned Development, phase six.


PROPERTY SALES 105 193 8,028
MORTGAGES 120 239 9,024
BUILDING PERMITS 192 445 17,512
BANKRUPTCIES 27 69 5,228