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VOL. 130 | NO. 165 | Tuesday, August 25, 2015

Daily Digest

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Car Wash Facilities Sell for $29 Million

Car Wash USA Express Holdings LLC, a Mississippi limited liability company, has sold its portfolio of car wash facilities located across Memphis and Shelby County.

IMO US South LLC, a Delaware limited liability company, purchased 10 car washes and two parcels of vacant land for $29 million, according to a special warranty deed signed Aug 13.

The addresses listed in the sale include: 6975 Stage Road, 1270 Lamar Ave., 3419 Elvis Presley Blvd., 3736 Riverdale Road, 4349 Summer Ave., 612 Waring St., 161 Byhalia Road, 9122 U.S. 64, 434 S. Germantown Parkway, 6040 Mount Moriah Road, 3045 Austin Peay Highway and 1675 Union Ave.

Car Wash USA Express is the largest express exterior car wash in the Mid-South, with 17 locations in West Tennessee, Mississippi and Arkansas.

The properties have a combined tax appraisal value of $6.7 million.

– Wendy Greenlaw, Chandler Reports

Origin-and-Destination Traffic Up 9.6 Percent at Airport

Origin-and-destination air traffic at Memphis International Airport increased by 9.6 percent in July compared to a year ago.

The 173,000 total enplanements in July represented an increase in origin-and-destination traffic for every airline serving the airport except Delta Air Lines.

Origin-and-destination traffic is made up of passengers who begin or end their journey in Memphis as opposed to passengers making a connecting flight.

Connecting traffic was the bulk of airport passenger service when Delta had a hub at Memphis International Airport. That began to shift as Delta cut its Memphis service steadily over several years before dehubbing the airport in 2013.

Airport statistics for July also show 213,000 passengers for the month compared to 188,000 a year ago. The airport attributed the seat increase to the addition of flights and larger aircraft.

– Bill Dries

Chamber Announces 2015 Young Memphians

The Greater Memphis Chamber has selected its class of 2015 Young Memphians.

To qualify, the young professionals had to be chamber members under the age of 40. Nominations were received through the chamber’s website, social media outlets and email.

“When we look at this talented group of young professionals, we see a generation that’s ready to spark transformational change in Memphis,” said Phil Trenary, president and CEO of the Greater Memphis Chamber. “These 10 young Memphians represent a variety of industries and companies, but they all have two things in common: a passion for Memphis and a hardworking, can-do attitude that will accomplish great things for our city.”

The chamber’s 10 Young Memphians are:

Anna Cardona, designer and marketing director, Evans Taylor Foster Childress
• Airika Gigas, director of sales and events, LEO Events
• Noah Glenn, videographer, City Leadership
Brent Hooks, accountant, Allworld Project Management
Brooke Jones, engineer, FedEx
• Kela Jones, director of development, Peer Power Foundation
Jonathan Lyons, director of public relations, Memphis Convention & Visitors Bureau
George Monger, vice president and executive director, The Consortium MMT
• Carlissa Shaw, criminal lawyer, Horne & Wells
David Underwood, director of import services, Dunavant Logistics

– Don Wade

Methodist North Unveiling New Technology

Methodist North Hospital is preparing to debut 3-D imaging technology.

The hospital, at 3960 New Covington Pike, is introducing a new piece of equipment designed to treat a variety of medical disorders of the heart and blood vessels, neuromuscular disorders, cancer and other conditions. The GE Innova IGS 540 Gen 2 System is an advanced digital X-ray imaging system that will allow doctors to see highly detailed, real-time images of patient anatomy during procedures that require exact precision.

The system provides advanced capability for visualizing delicate procedures like placing stents in a patient’s artery.

– Andy Meek

Creative Aging Seeks Pumpkin-Carving Teams

Creative Aging is seeking corporate teams and sponsors for its annual Underwater Pumpkin Carving Contest, a fundraiser for the Memphis-based nonprofit.

The event, which is scheduled Oct. 24 from noon to 3 p.m. at The Dive Shop, 999 S. Yates Road, features both underwater and topside pumpkin-carving competitions, a costume contest, live music and kids activities.

The underwater competition calls for teams of two or more to carve pumpkins while wearing scuba gear or using snorkels. Teams must surface with all pumpkin pieces within one hour or at 500 psi, whichever comes first. The topside contest gives contestants an hour to complete their work.

Guests – who can watch the underwater carving on a live video feed – will vote for their favorites by pitching tickets, each valued at $5, and the pumpkins with the most tickets in them will win gift certificates.

The entry fee is $25 per team, and while all ages are welcome in both contests, children younger than 15 in the underwater contest must have an adult partner. Corporate/carving teams can view the full rules and register for the event at creativeagingmidsouth.org.

– Daily News staff

Sedgwick Announces Lyons As New CFO

Memphis-based Sedgwick Claims Management Services Inc. has tapped a new chief financial officer.

The company has hired Henry Lyons, who has more than 30 years of experience in finance, accounting, corporate development and executive management. Lyons most recently was CFO of APMEX Inc., one of the world’s largest Internet-based retailers of precious metals.

He’s also served in financial leadership roles at corporations including Gain Capital, ACI Worldwide, GE Healthcare, W.R. Grace & Co. and Ernst & Young.

– Andy Meek

Grizz Coach Joerger Hosting Junior Tennis Benefit

Memphis Grizzlies head coach Dave Joerger will host the second annual Grizzlies Season Preview Dinner on Sept. 22.

The event will benefit National Junior Tennis & Learning and will be held at Colonial Country Club, 2736 Countrywood Parkway.

This will be Joerger’s fourth event benefiting NJTL. It also has inspired the creation of the Dave Joerger Foundation, which will present this year’s dinner.

Guests will be able to mix and mingle with Joerger and his assistant coaches during a meet-and-greet cocktail hour starting at 6:30 p.m., followed by dinner and the program at 7 p.m.

“Over the last two years, the NJTL’s after-school programming has expanded into 40 new schools locally and also into the Boys and Girls Clubs of Memphis,” Joerger said in a statement. “During the school year, Tennis Memphis reaches 500 to 1,000 students weekly through NJTL’s after-school education programs and activities. It’s a cause that is being carried out exactly how Arthur Ashe envisioned when he founded the NJTL as a way to bring tennis to underserved youth.”

Grizzlies radio play-by-play announcer and 92.9 FM ESPN radio host Eric Hasseltine will emcee a silent auction, which will include sports memorabilia, a golf outing at Colonial Country Club with the Grizzlies coaching staff, a Grizzlies experience ticket package to a home game, and other basketball- and tennis-themed items.

Tickets for the event are $100 in advance or $125 at the door.

– Don Wade

PROPERTY SALES 0 263 9,865
MORTGAGES 0 246 10,862
BANKRUPTCIES 0 256 6,219