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VOL. 130 | NO. 238 | Tuesday, December 8, 2015

Bass Berry & Sims Plans $2.1 Million Renovation

Daily News staff

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100 Peabody Place
Memphis, TN 38103

Permit Amount: $2.1 million

Application Date: December 2015

Owner: Belz Enterprises

Tenant: Bass, Berry & Sims PLC

Contractor: Grinder, Taber & Grinder Inc.

Details: The Downtown Memphis office of Bass, Berry & Sims PLC is about to undergo a $2.1 million interior renovation.

Contractor Grinder, Taber & Grinder Inc. applied for a building permit with the city-county Office of Construction Code Enforcement. The law firm’s office is in the Peabody Place office tower, 100 Peabody Place.

Nashville-based Bass, Berry & Sims renewed its nearly 30,000-square-foot lease at the Downtown office tower in October after considering a move to East Memphis. The new lease is for 10 more years.

It also comes with new exterior signage for the law firm at the 16-story tower. The lit signs on the north and east sides of the building were approved in November by the Design Review Board of the Downtown Memphis Commission.

Belz Enterprises, which owns and occupies space in the building, also will get a lighted sign.

Belz received approval from DRB for a third sign, which it hopes will help attract another tenant. Peabody Place Tower currently is about 65 percent vacant.

1450 E. Brooks Road
Memphis, TN 38116

Permit Amount: $275,000

Application Date: November 2015

Owner/Tenant: Smith & Nephew

Details: Smith & Nephew is expanding its Memphis hub at 1450 East Brooks Road.

The medical device manufacturer has applied for a permit with the city-county Office of Construction Code Enforcement to add 1,665 square feet to the shipping area of Building B. The permit is valued at $275,000.

Smith & Nephew’s 377,000-square-foot building was built in 1963, according to the Shelby County Assessor of Property.

Portion of
2955-2979 Kate Bond Road
Bartlett, TN 38133

Sale Amount: $1.5 million

Sale Date: Nov. 30, 2015

Buyer: HP Sherrill IV LLLP

Seller: Senter C. Crook

Details: Part of a Bartlett commercial center has sold for $1.5 million, according to a Nov. 30 warranty deed.

Senter C. Crook, a trustee of The Crook Trusts, sold the property at 2955 Kate Bond Road to Florida-based HP Sherrill IV LLLP.

According to Florida Uniform Commercial Code filings, the LLLP lists Harrod Chadwick as the registered agent. Chadwick is president of development group Harrod Properties Inc.

The sold parcel of the Bartlett Corporate Park East is 3,515 square feet. In recent years, the bay housed furniture store DirectBuy of Memphis.

191 Beale St.
Memphis, TN 38103

Permit Amount: $550,000

Application Date: November 2015

Owner: FedExForum

Contractor: Montgomery Martin Contractors

Details: Montgomery Martin Contractors has applied for a building permit for “interior renovation of existing offices” for the venue at 191 Beale Street. The permit amount is $550,000.

The Grizzlies applied for a $350,000 building permit in June as the beginning of a multiphase renovation.

Improvements in the first phase – which were complete before the season – included the addition of a new state-of-the-art video and screening room for coaches and players to analyze game and practice footage, renovation of coaches’ offices and new space for front office personnel.

Jason Wexler, the Grizzlies’ president of business operations, said in June that the facilities improvements “represent another step towards creating the best-in-class basketball organization that Robert Pera envisions.”

PROPERTY SALES 56 437 16,061
MORTGAGES 76 508 18,556
BUILDING PERMITS 241 876 33,390
BANKRUPTCIES 64 301 10,314