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VOL. 126 | NO. 94 | Friday, May 13, 2011

Sarah Baker

SEND COMMERCIAL LEASE ANNOUNCEMENTS to Sarah Baker, who can be reached at 521-2464 or sbaker@memphisdailynews.com.

‘The Rat’ at Rhodes Gets Makeover

By Sarah Baker

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Rhodes College has filed an $11 million permit with the city-county Office of Construction Code Enforcement to expand and renovate its main dining hall facility.

Known by students as “The Rat,” Catherine Burrow Refectory opened in 1958 and has three dining areas – Neely Hall, Hyde Hall and Rollow Hall. Smaller meeting rooms include the Alburty Room, the Davis Room and the Bell Room.

The expansion calls for 18,500 square feet of new construction, including a major new dining hall, a new fireside lounge and kitchen and a variety of seating options and other comfortable furnishings, said Brian Foshee, Rhodes director of physical plant.

Burrow Refectory’s transformational renovation of existing space will accommodate a new grand servery featuring a bakery, a brick pizza oven and several cook-to-order food stations that will provide students with fresh menu options ranging from stir fry to vegan dishes.

Memphis-based Grinder, Taber & Grinder Inc. is listed as the general contractor on the project, and is taking bids from an approved subcontractor list May 18. The site’s architect is Norfolk, Va.-based Hanbury Evans Wright Vlattas + Co.

On the engineering side, Burr & Cole Consulting Engineers Inc. will provide civil and structural services, and OGCB Inc. is responsible for mechanical, plumbing, electrical and fire protection.

All four firms are also responsible for the West Village, Rhodes’ new $13 million, 52,000-square-foot residence hall that broke ground in March. Both project completion dates are August 2012.

In other commercial real estate news, Solberg Properties, owner of a Sonic franchise, has purchased 0.926 acre in Arlington Town Center, off Airline Road for $403,366.

Matt Prince, Loeb Properties Inc.’s senior vice president of brokerage and development, represented the landlord. There was no tenant representation.

Loeb’s Arlington Town Center is bordered by Jetway Avenue, U.S. 70 and Airline Road. Sonic’s new address will be on Airline Road, Prince said.

“We have 14.48 acres in which we are trying to develop and right now we are looking for outparcel users and we see that (the tenant’s) use is a perfect fit for our goal,” Prince said.

In other Loeb deals, Renea Gaston Salon signed a 1,200-square-foot lease at 3677 Mendenhall Road.

Frank Dyer III, principal broker with Loeb Properties’ affiliate, Loeb Realty Group, and affiliate broker Allen Israel represented the landlord, Nightingale Properties.

“The demographics of the area are her clientele and this is where she wanted to locate,” Israel said.

Gaston plans to have her business up and running by June 1.

In addition, Melanie Warner, owner of a UPS Store franchise, has closed on 1,740 square feet in the Shops of Collierville, 875 W. Poplar Ave.

Dyer and Israel were the landlord reps.

Warner relocated from another space in Collierville, Israel said, “to service a market that she’s developed already.”

• Rock Star Tanning and Salon has signed a new lease on 3,325 square feet at Country Bridge Shopping Center, 9020 U.S. 64 in Lakeland.

Tyler Tapley, associate with CB Richard Ellis Memphis, represented the tenant. Doug Carroll of CB Associates in Savannah, Ga., represented the landlord.

This is Rock Star’s first venture, offering more than 15 tanning booths and a range of salon services.

Country Bridge was chosen because it is a Kroger-anchored shopping center with appealing demographics, Tapley said. Other tenants in the center include Subway and Hertz Rent-A-Car.

Rock Star officially opened for business on Monday.

Dede Malmo, president of MalmoMemphis Real Estate Inc., has completed negotiations for two tenant renewals.

First Solutions Financial Inc., a life insurance, long-term care and Medicare supplement service provider, has renewed its lease of 2,605 square feet in White Station Tower, 5050 Poplar Ave, suite 2000.

Malmo represented the tenant in the transaction. He handled the firm’s original three-year lease as well.

Laura Taylor of Colliers International represented the landlord, Tomorrow 34 White Station Tower LP.

Malmo also represented Landau Uniforms in the five-year lease renewal for its 2,549-square-foot retail store in Trinity Commons Shopping Center, 714 N. Germantown Parkway, suite 31.

The Olive Branch, Miss.-based firm manufactures health care uniforms and apparel.

Bradley Wilford, Loeb senior property manager, represented the landlord.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 124 481 17,865
MORTGAGES 127 530 20,565
FORECLOSURE NOTICES 4 48 2,693
BUILDING PERMITS 195 891 36,836
BANKRUPTCIES 52 262 11,426
BUSINESS LICENSES 24 139 5,848
UTILITY CONNECTIONS 26 116 6,830
MARRIAGE LICENSES 26 133 4,049