VOL. 125 | NO. 120 | Tuesday, June 22, 2010
Memphis Real Estate Recap
Great Oaks Church of Christ Begins Work on New Wing
3355 Brunswick Road
Bartlett, TN 38133
Loan Amount: $1 million
Loan Date: June 16, 2010
Maturity Date: June 10, 2011
Borrower: Great Oaks Church of Christ
Lender: BancorpBank South
Details: Great Oaks Church of Christ at 3355 Brunswick Road in Bartlett has filed a $1 million construction loan through BancorpSouth Bank to add a 7,500-square-foot education wing to an existing building.
The church sits on 10.5 acres at the northwest corner of Brunswick and Ellis roads near the Bartlett-Lakeland border.
Plans call for the church to bring an eight-room wing that will house two small classrooms, three regular classrooms, two large classrooms and an extra-large youth room, plus storage space and bathrooms.
Church elder Kenny Harris, who is overseeing the project, said the building is long overdue.
“We’ve had classes in the hall, we’ve had classes in the kitchen, we’ve had classes in the gym,” Harris said. “We’ve needed this for about a year and a half – two years, really. Because of the economy and because we didn’t want to put a strain on our members, we just put it off. It got to where we couldn’t anymore.”
Founded in 1992, Great Oaks Church of Christ has more than 180 families on the church roll.
Wagner General Contractors Inc. is general contractor and Tim McCullough of Leininger McCullough Architecture (LMarchitecture LLC) is architect.
Construction began last week and should be completed by the end of the year.
2800 Gray’s Creek Drive
Arlington, TN 38002
Permit Amount: $6 Million
Project Cost: TBA
Permit Date: Applied June 2010
Owner: Shelby County Schools
Tenant: Shelby County Schools
Architect: McGehee, Nicholson Burke Architects
Details: Shelby County Schools has filed a $6 million permit with the city-county Office of Construction Code Enforcement to build an office facility at 2800 Gray’s Creek Drive in Arlington.
Details on the project – including timeline, total cost and contractor – weren’t available by press time, but the school district decided in early 2009 to build a new headquarters at that site.
Shelby County Schools communications specialist Shawn Pachucki wrote in an e-mail that the project will go to bid June 22.
“The architect of record, Jim Boggan of McGehee, Nicholson Burke Architects, submitted the request for permit,” he said, “but no other information will be available until after the project is bid.”
SCS already has some of its operations at the Gray’s Creek locale in Arlington, but its main office is at 160 S. Hollywood St., next to Memphis City Schools’ headquarters. Shelby County has run its school district there since the 1960s.
The district’s board of education bought 42.86 acres at the south end of Gray’s Creek – which is off U.S. 64 – in 1999 from Central North Church Inc.
3033 Airways Blvd.
Memphis, TN 38118
Permit Amount: $9.1 Million
Project Cost: $16 million
Permit Date: Issued June 2010
Completion: Spring 2011
Owner: Memphis Area Transit Authority
Tenant: MATA, Greyhound Lines Inc.
Contractor: Zellner Construction Services LLC
Architect: TRO Jung | Brannen – Memphis
Details: The Memphis Area Transit Authority was issued a $9.1 million permit by the city-county Office of Construction Code Enforcement for its South Intermodal Terminal at 3033 Airways Blvd. near Memphis International Airport.
The facility is under construction and should open next spring, said MATA’s director of marketing and customer service, Alison Burton.
About six months after breaking ground on the 9-acre site at the intersection of Airways and Brooks Road, MATA is 25 percent finished on the 29,000-square-foot, $16 million facility.
“All of the building foundation slabs have been poured and steel erection is about 95 percent complete,” Burton said.
The public transportation agency filed its initial permit for the structure in March 2009, but MATA ran into a host of problems before finally getting the project off the ground last winter.
The facility was at the center of a controversy that involved former Memphis Mayor Willie Herenton’s alleged deal to profit from Greyhound Lines Inc.’s current home on Union Avenue by encouraging the bus company to move to the Airways locale.
MATA’s board of commissioners last year voted unanimously to approve construction of the facility, and Greyhound signed a lease to occupy 76 percent of the terminal.
9640 Davies Plantation
Lakeland, TN 38002
Sale Amount: $3.5 Million
Sale Date: June 10, 2010
Buyer: Trustmark National Bank
Seller: Kelly E. McCarthy, substitute trustee
Details: The property that houses the Paintball Park at 9640 Davies Plantation in Lakeland has sold for $3.5 million in a substitute trustee’s deed following a foreclosure.
The sale closed June 10 with Trustmark National Bank reclaiming the 101.95-acre property on the Shelby County Courthouse steps from substitute trustee Kelly E. McCarthy of Morton & Germany LLC.
The previous owner, W.L.L. LLC of Brunswick, Tenn., defaulted on a $6.5 million development loan through Chris Heckler dated April 15, 1999. The debt is now owned by Trustmark.
The Shelby County Assessor of Property’s 2010 appraisal is $1.6 million. The property’s land use is listed as “country club” and is used for paintball activities and tournaments.