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VOL. 131 | NO. 211 | Friday, October 21, 2016

Daily Digest

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Trustmark Centre Building Sells for $14.5 Million

An office building at 5350 Poplar Ave. in the prime East Memphis office submarket has been sold.

The Trustmark Centre building, located between Valleybrook and West Suggs Drive, was purchased by Tennessee and New York investment companies doing business as 5350 Poplar Office Center LLC for $14.47 million.

The seller is a group of 14 Tenants in Common, or TICs, from Greenville, South Carolina, according to public records. Those investors are doing business as TIC Poplar Ave LLC.

The 163,446-square-foot Trustmark Centre sits on 3.6 acres and was built in 1973.

The Shelby County Assessor of Property most recently appraised the building and land at $14.28 million.

Tenants in the building include Trustmark National Bank, Evergreen Packaging Inc., Southern Eye Associates, Coyote Logistics, Delta Asset Management and Universal Asset Management, records show.

Trustmark National Bank made the office its regional headquarters in November 2013 when it signed a 12.5-year lease. That deal for about 13,000 square feet of the first floor and a portion of the second floor includes a full-service branch with drive-thru and ATM banking, and came with naming rights for the building and the bank’s logo on top of the high-rise.

– Daily News staff

New Restaurant Opening Soon in East Memphis

On Wednesday, Oct. 26, the fast-casual restaurant Pimento’s Kitchen + Market will open in East Memphis for breakfast, lunch and dinner at 6450 Poplar Ave.

The concept is the sister store to the locally owned Holiday Deli and Ham Co. restaurants. Customers can expect a fresh look, including different branding and a modern, updated atmosphere. In addition, the new concept will make their meals in-house, with a focus on quality, healthy dishes.

The menu includes items like egg dishes, sandwiches, fresh entrees and signature sides, along with fresh smoothies and local beer.

Pimento’s will be open Monday through Friday from 6:30 a.m. to 9 p.m., on Saturday from 8 a.m. to 9 p.m., and Sunday from 11 a.m. to 3 p.m. In addition to dining, Pimento’s will also offer catering packages.

– Andy Meek

Williams-Sonoma Looking To Hire Workers Oct. 22

Williams-Sonoma Inc. will hold a second hiring event for the 2,000 seasonal and part-time jobs at its three local distribution centers to help fulfill the anticipated influx of seasonal orders.

More than 1,000 positions are left to be filled and Williams-Sonoma will be taking applications from workers ages 17 years and older on Saturday, Oct. 22, from 10 a.m. to 2 p.m. at 7755 Polk Lane in Olive Branch, Miss.

The positions will be filling three shifts of work, seven days a week. Available jobs include order fulfillment, forklift operators and monogram machine operation. These seasonal positions will run through the end of December 2016.

Interested applicants may also apply online at www.wsapplymemphis.com or complete applications Monday through Friday from 9 a.m. to 4:30 p.m. at 7755 Polk Lane in Olive Branch.

These jobs will supplement the permanent workforce at the company’s 2.7 million square feet of local distribution centers in Memphis and Olive Branch.

Williams-Sonoma Inc. offers competitive pay and a positive work environment,” said Shaun Hilliard, director Human Resources, Central Region. “We look forward to welcoming our new seasonal associates.”

– Daily News staff

Louisville Coach Rick Pitino Charged With NCAA Violations

The NCAA has alleged that University of Louisville men’s basketball coach Rick Pitino and other staff members violated rules in connection with a scandal in which a university employee provided prostitutes for players and recruits, according to The New York Times.

Pitino, 64, a Hall-of-Fame coach with two national championships, has denied knowing about the actions of the former employee, Andre McGee. Among four Level 1 charges by the NCAA is that Pitino failed to monitor McGee, the former director of basketball operations. That is potentially a serious enough charge that Pitino could face suspension. The NCAA did not bring a “lack of institutional control” charge, which in a worst-case scenario could bring long-term severe sanctions or even shut down a program.

Louisville’s athletic director Tom Jurich released a statement after receiving notice of allegations saying the NCAA’s findings basically aligned with the university’s findings.

“Improper activities took place in a dormitory that never should have occurred,” Jurich said in the statement. “When the facts were established, we acted (with a self-imposed postseason ban last season). We took appropriate and punitive corrective actions.”

The scandal was made public in 2015 when Katina Powell, a woman who worked for an escort service, wrote a tell-all book alleging McGee paid for her to provide prostitutes and strippers to recruits and others associated with Louisville basketball.

Louisville now has 90 days to respond to the NCAA’s letter. A hearing before the Committee on Infractions could come as soon as next spring.

– Don Wade

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 64 151 1,493
MORTGAGES 45 105 1,152
FORECLOSURE NOTICES 5 19 209
BUILDING PERMITS 201 410 3,466
BANKRUPTCIES 35 119 872
BUSINESS LICENSES 9 32 361
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0