Trane U.S. Inc. Inks 625K Foot Industrial Lease in Southeast Memphis

Trane U.S. Inc. has finalized its 625,875-square-foot industrial lease in Southeast Memphis, confirmed Brad Murchison with CB Richard Ellis Memphis.

Trane is a subsidiary of Dublin-based Ingersoll-Rand. The residential and commercial heating, ventilation and air-conditioning (HVAC) system provider also has a location in Southaven.

Trane will occupy all of Chickasaw Building E’s building at 5200 Tradeport Dr. The space formerly housed warehouse space for Hewlett-Packard.

CBRE handles lease negotiations for Chickasaw Distribution Center – a master-planned industrial park near E. Holmes Road and the Mississippi state line.

Built in 1998, the Class A warehouse’s 2011 appraisal is $15.8 million, according to the Shelby County Assessor of Property. The owner’s name is listed as Industrial HPM Owners LLC out of Atlanta.

Union and Main Intersection Turned into Revolving Art Gallery

As part of the Downtown Memphis Commission’s effort to beautify vacant spaces within the city’s core, two local artists have their photographs featured in empty buildings at the intersection of Union Avenue and Main Street.

The first is Chip Chockley, who specializes in portraits, weddings, engagements, senior sessions, food and editorial work. His photos are stretched on canvas in the old Smooth Moves building at 85 Union Ave.

Across the street at 82 Union Ave., where one can find the work of John Henry, who says he does “everything,” including landscapes, rivers, sunsets, people and animals. Leslie Gower, director of communications for the DMC, discovered Henry’s work on Facebook and made him an offer he couldn’t refuse.

“It’s not a paying gig, they just offered us the opportunity to get some exposure,” Henry said. “You’ve got two empty storefronts right there at the most heavily walked intersection in Memphis. I was like, ‘sure, you can’t go wrong.’”

Henry said his only goal in photography right now is to get an identifiable photo of the Ivory Bill Woodpecker, the most endangered bird in America.

“I’ve heard two of them and seen one and that’s something that nobody else can claim,” he said.

Henry and Chockley’s artwork will be up until February, when the next batch of work will revolve, giving other local artists the same opportunity.

“They’re doing it in other cities,” Henry said. “The more people that come by to see it, the better everybody will be.”

U.S. EDA Investment to Help Memphis Recover from 2010 Flood Damage

The U.S. Commerce Department’s Economic Development Administration announced Friday, Dec. 30, a $150,000 grant for Shelby County Government to help develop a comprehensive planning effort to assist the county in developing the Interstate 69/Interstate 269 International Trade Corridor as well as addressing ways to mitigate flooding along the corridor.

The investment comes as part of disaster supplemental funding provided to EDA by Congress in response to massive flooding in the region in May 2010. Shelby Country was also declared a disaster area by the Federal Emergency Management Agency in response to the flooding.

“Economic recovery and development are top priorities for the Obama Administration,” U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez said in a release. “This EDA grant will guide local economic development efforts to attract private investment along the Corridor and will help the region become even stronger than before.”

This investment will help create the blueprint and implementation strategies that regional leaders hope will make the I-269 International Trade Corridor the epicenter of North American trade. The comprehensive planning efforts will provide local government with the information and guidance to be utilized in future development plans along the Corridor.

The plan will also address strategies to mitigate flooding along the corridor area in an effort to protect development opportunities in the region.

“The planning effort will promote growth of existing industry clusters as well as identify and promote emerging clusters in the region,” said Shelby County Mayor Mark Luttrell.

No Sears closings in Memphis – for now

For the time being, Memphis, you can still get clothing, housewares and the like at your local Sears store. None of the locations in Memphis are going to be shuttered as Sears begins winding down branches around the country.

The full list of closures released this week is here.

The Symphony Plays Union Mission

A few blocks from the Memphis Union Mission is the performing home of the Memphis Symphony Orchestra – the Cannon Center for the Performing Arts.

Next Tuesday evening, however, the symphony and its chorus will travel a few blocks east on Poplar and perform at The Memphis Union Mission’s Opportunity Center at 600 Poplar Avenue.

The free performance is Memphis philanthropist Gayle Rose’s way of marking the third anniversary of her son Max’s death.

“All of us need healing in some way: the homeless and those of us grieving loss of one form or another,” Rose posted on her Facebook page Wednesday morning. “So, what if we all came together and used the power of music to heal our wounded souls?”

The doors of the mission center open at 6:30 p.m. and the concert is free although seating will be limited. The performance begins at 7 p.m.

The concert is certainly not the only effort by the group called Team Max. Before Christmas, the group distributed about 1,500 Christmas baskets at the Fairgrounds and in South Memphis.