VOL. 121 | NO. 132 | Thursday, June 29, 2006
South Germantown Road Church Sells for $1.2 Million
Love Fellowship Ministries Inc. has purchased church property at 4475 S. Germantown Road from Brookside Baptist Church Inc. for $1.2 million. East of Germantown Road Extended and north of East Shelby Drive, the 13.15-acre property contains a 16,320-square-foot, one-story building constructed in 1990 and an 11,800-square-foot building with one- and two-story sections built in 1997. The Shelby County Assessor's 2006 appraisal was $1.7 million. Love Fellowship filed a $2.7 million mortgage through SunTrust Bank.
It's Not Over Yet: Coors Finds Another Potential Buyer
Coors-Memphis has signed a letter of intent with Memphis investment group Chism Hardy Enterprises LLC for the purchase of the Coors equipment and plant at 5151 E. Raines Road.
Molson Coors announced plans to close the Memphis plant in September as part of an expense-cutting strategy.
In March, Wisconsin-based City Brewing Co. expressed interest in acquiring the plant. But earlier this month, City Brewing announced it no longer intended to purchase the plant after the company failed to reach an agreement with the local union.
No financial terms have been released yet for the proposed Chism Hardy deal, said Robin Hicks, manager of business development for Coors Brewing Co.
"All it is is a letter of intent at this time," she said. "It means that Coors is in negotiations with this investment group. The letter of intent simply means that Coors and the local investment group have agreed in principle on the terms of the sale."
The process will continue over the next few weeks, Hicks added.
One of the members of the investment group is Carolyn Hardy, plant manager for the local Molson Coors Brewing plant.
Hardy said it's possible a sales agreement could be reached Aug. 7 and the deal could close Sept. 1.
District Attorney to Announce Initiative Via News Conference
Shelby County District Attorney Bill Gibbons will hold a news conference today to announce that the office is heading an initiative to help protect victims of domestic violence. The news conference begins at 10 a.m. at Hazel's Hair Fashions, 4105 Elvis Presley Blvd.
Details of the initiative, which will be a partnership between the district attorney's office and area hair and nail salons, will be announced at the news conference.
Other partners in the initiative will be The Coalition of 100 Black Women, the YWCA, the Shelby County Domestic Violence Council, the Memphis Sexual Assault Resource Center, the Exchange Club Family Center and Verizon Wireless.
Vital Records Company Says Bye-Bye to Memphis
Alpharetta, Ga.-based ChoicePoint announced Wednesday it has acquired the assets of Memphis-based USCerts from parent company N-Cycles Inc. for an undisclosed sum.
USCerts provides vital records, such as certified birth, death, marriage and divorce certificates, through its Web site, www.uscerts.com. The company also provides a network for processing vital records requests by telephone or fax. Though based in Memphis, customers can order certificates from any state within the United States.
N-Cycle launched the USCerts Web-based system in December 2003.
ChoicePoint also owns Memphis-based Rapsheets Criminal Records, which it acquired in 2004. Rapsheets provides instant online results of criminal records searches.