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VOL. 131 | NO. 93 | Tuesday, May 10, 2016

Daily Digest

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WIN Launches Data-Driven Initiative

Workforce Investment Network has launched a new initiative that will use a data-driven approach to identifying a skilled workforce based on local industry needs.

The ACT Work Ready Communities initiative will use the college admissions ACT test to certify potential employees as “work ready,” according to a release from WIN.

Memphis Mayor Jim Strickland and Shelby County Mayor Mark Luttrell announced the initiative at a Monday, May 9, press conference.

– Madeline Faber

Olymbec Purchases TBC Warehouse

Montreal, Canada-based Olymbec USA has purchased a Hickory Hill warehouse currently occupied by Tire & Battery Corp.

In the first quarter of 2016, TBC signed a 1.5 million-square-foot lease at the Gateway Global Logistics Park in Fayette County, which is the largest lease ever recorded in the Memphis market. TBC will remain in the Hickory Hill warehouse until the new building is completed.

The 471,744-square-foot warehouse at 6125 E. Shelby Drive was constructed in 1981 as a build-to-suit for TBC.

In a May 5 warranty deed, MLCFC 2007-9 Industrial 6125 LLC sold the property to Olymbec USA for $4.8 million.

Justin Klumak, managing director of investments for Olymbec, represented the buyer. Jacob Biddle and Shane Soefker with Avison Young represented the seller.

– Madeline Faber

Memphis Football Attendance Ranked Second in Growth

The University of Memphis football team experienced the second-largest growth in average attendance from 2014 to 2015, according to a report of the National Football Foundation. Memphis saw an increase of 9,951 people per game in its average attendance numbers, second only to Temple’s increase of 20,789 during that period..

In 2014, Memphis averaged 33,851 fans for its six home games at Liberty Bowl Memorial Stadium. In six games in 2015, the Tigers’ average attendance jumped to 43,802.

In addition, Memphis’ appearance in the Birmingham Bowl helped the bowl game with its biggest increase in attendance, drawing 59,430 fans to the contest compared with 30,083 in attendance the year prior, a 98 percent increase. The bowl was one of 15 that drew more than 50,000 people.

Memphis will play seven home games for the upcoming 2016 season, head coach Mike Norvell’s first. The Tigers open with Southeast Missouri State on Sept. 3. The Tigers also will have seven home games in 2017 and 2018.

Season tickets for Memphis football start at $100 for all seven home games. New for 2016 will be premium sideline seating on both sides of the stadium, featuring wider chair-back seats with arm rests. Information on purchasing season tickets is available at GoTigersGoTix.com or by calling the ticket office at 901-678-2331.

– Don Wade

Local Rite Aid Pharmacies Offering New Vaccines

In response to the outbreak of measles cases in the Memphis-area, Rite Aid pharmacies are offering to administer the MMR vaccine, which offers protection against measles, mumps and rubella, at all Memphis-area stores to anyone age 3 and above.

The vaccine can also be ordered upon request at other Rite Aid pharmacies in Tennessee and

in Kentucky and Mississippi.

No appointment is necessary to get the vaccine, administered during pharmacy hours.

– Andy Meek

Mike Conley a Finalist For Community Assist Award

The NBA today announced the finalists for the 2015-16 season-long NBA Cares Community Assist Award, with Grizzlies guard Mike Conley making his first finalist nomination for the league-wide award.

Conley previously won the monthly NBA Cares Community Assist Award in January for his Jr. NBA work in the Memphis community and his fundraising efforts for Methodist Healthcare Foundation through the Methodist Sickle Cell Center.

The nominees include past monthly winners: Conley, Carmelo Anthony, Anthony Davis, Andre Drummond, Zach LaVine, Victor Oladipo, John Wall and three additional nominees, Kevin Durant, Draymond Green and Damian Lillard. The NBA and presenting sponsor Kaiser Permanente will donate $25,000 to the winner’s charity of choice, with Conley choosing the Methodist Healthcare Foundation.

“It’s a blessing to be able to use my platform to bring more awareness to the local causes that are near and dear to my heart,” Conley said in a statement.

Conley is being considered for the award after a breakout year in his local philanthropic efforts, where he routinely expressed his passion in supporting the health and wellness of Memphis’ youth. In the 2015-16 season he stepped up as Ambassador of NBA FIT and Jr. NBA and hosted more than two dozen basketball clinics, and multiple Shoe UP! events where he provided underprivileged youth with Under Armour basketball shoes. Continuing a tradition, he hosted his seventh annual Mike Conley Bowl N’ Bash benefiting Methodist Sickle Cell Center and continued his work as a St. Jude Children’s Research Hospital ambassador.

Along with an NBA panel of judges, a social media campaign will take place via Facebook, Twitter and Instagram urging Grizz Nation to use #NBACommunityAssist and #MikeConley to help Conley win the top honor. Fan voting will close on May 18.

– Don Wade

Memphis-Area Tech Firm Acquired

Massachusetts-based SmartBear software has acquired CrossBrowserTesting of Germantown.

SmartBear says the acquisition will help it further accelerate and scale the growing cloud testing platform.

CrossBrowserTesting has more than 200,000 users globally. With more than 5 million tests run so far, CrossBrowserTesting provides a secure, scalable and flexible cloud containing more than 1,500 mobile and desktop browsers in more than 65 operating systems, including iOS, Android and Windows.

CrossBrowserTesting will also continue to operate as a standalone business inside SmartBear.

All CrossBrowserTesting employees, including co-founders Ken Hamric, Tony Colston and Mike Bowen, have joined SmartBear to continue to grow the CrossBrowserTesting product and business. The Memphis-area location will continue to serve as the headquarters of CrossBrowserTesting for future expansion.

– Andy Meek

Germantown Medical Office Sells for $1.1 Million

A Germantown medical office has sold for $1.1 million.

Wolf Trail Medical Partners GP sold the property at 7796 Wolf Trail Cove to MHFY LLC in a May 2 warranty deed.

The 10,870-square-foot building was built in 2009, according to the Shelby County Assessor of Property. It most recently was appraised at $1 million.

In conjunction with the sale, MHFY LLC signed a $1.6 million mortgage with BancorpSouth Bank.

– Madeline Faber

PROPERTY SALES 62 288 2,619
MORTGAGES 52 197 1,783