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Strictly Business – BUCHANAN REALTY GROUP highlights this week’s activity

The Buchanan Realty Group CLICK HERE is a boutique commercial real estate firm that specializes in all aspects of commercial leasing to clients across the Southeast.

 

With attention to detail, and client oriented goals, the team, under the direction of principal agent, Brandon Buchanan, successfully represents owners & tenants who want to see growth in their prospective investments or businesses.

 

BRG agents are leaders in the investment sales and acquisition department, and pride themselves in their abilities to successfully negotiate the best deals for their clients. The team has represented clients focused on retail, hospitality, C-store, medical, industrial, and multi-family sectors.

 

7 Brew facility announces ‘Drop date’ for Jackson location

 

7 Brew Coffee drive-thru, 2050 North Highland Avenue, has announced a ‘Drop date’ for November 13, 2026.

Plans call for a 510-square-foot drive through only facility, with eight parking spaces.

The North Highland location is a commercial strip, next to Starbucks and across from Chick-fil-A.

 

JEA Board of Directors approve 10 resolutions during monthly meeting

 

The Jackson Energy Authority’s Board of Directors held their monthly meeting at the Tennergy Center, Thursday, which also just happened to be the birthday of Monte Cooper, who serves as president/CEO of the utility powerhouse.

 

“The JEA board reviewed and approved ten resolutions at today’s meeting,” Monte Jones said. “Those resolutions covered equipment purchases, policy updates, and an appointment to Tennergy’s board. Financial reports were reviewed with good results to budget for each division.

 

“Also, an update on funding for the pension and other benefits plans showed good improvement from last year.”

 

Monte Jones is the Chairman of the Board of Directors at Jackson Energy Authority.

 

“The board also participated in some annual training, focused primarily on updates to and a review of the purchasing policy,” Monte said. “The board is required to complete a stipulated number of training hours annually.

 

“Several project updates were given to the board, with one report letting the board know that the last system water tower branded under the old Jackson Utility Division name had been fully restored and proudly displays the current Jackson Energy Authority logo.”

 

Resolutions approved

 

The purchase of 2,000 residential gas meters and 3,550 ITRON Encoder Receiver Transmitters (ERTs), Bids were accepted from Koons Gas Measurement, Shelbyville, Kentucky for $130,000, and United System & Software, Benton, Kentucky, for $340,750

 

The purchase of a replacement dump truck for the Gas Division. A bid of $135,672 was accepted from Tri-State Truck Center of Jackson, TN

 

The purchase of Itron Encoder Receiver Transmitter (ERT) modules for the Water Division. A bid of $307,500 was accepted from United Systems & Software, Benton, Kentucky

 

The purchase of AMI capable water meters for the Water Division. Badger Meter Inc., Milwaukee, Wisconsin, submitted an accepted bid of $433,999.50

 

A contract to repair and rehabilitate North Well #6 and North High Service Pump No. 3. The board approved a bid of $384,280 from National Water Services, LLC

 

Amending Jackson Energy Authority’s Purchasing Policy.

 

Amending and restating the Jackson Energy Authority Health and Welfare Benefits Program and Trust and renaming the Employee Health and Welfare Benefits Committee, effective November 1, 2026.

 

Authorizing Utility Network migration services from True North Geographic Technologies. A bid of $370,860 was accepted from True North Geographic Technologies

 

Nomination of Hameen Harris to the Board of Directors of Tennergy Corporation.

 

Revisions to the Jackson Energy Authority’s Policy and Procedure Manual.

 

Residential, commercial & entertainment – ‘The Crossings at Exum Place’ continues to take shape

 

JACKSON, TENNESSEE – Residents are moving in, additional properties are for sale, and construction continues at ‘The Crossings at Exum Place,’ a 208-acre, $350 million mixed-use development located along Ashport Road, between U.S. Highway 45 Bypass and North Highland Avenue (U.S. Highway 45) in Jackson and Madison County.

 

The development is utilizing a $20 million TIF incentive, which is a method of monetizing future tax revenues to help developers and municipalities cover costly public infrastructure for large projects. For every dollar the city and county allocate to the TIF, they will receive $2.67 in return.

 

The Crossings at Exum Place was designed in collaboration with LRK, a Memphis-based architectural firm renowned nationally for their expertise in mixed-use projects.

 

This development will blend residential, commercial, and entertainment areas while promoting walkability.

 

Main features include 260,000 square feet of commercial development, 1,100 residential units – 600 single-family homes and townhomes and 500 apartments – which includes loft apartments and senior housing units – outdoor venues, a farmers’ market, and approximately 40 acres of green space – including multiple lakes and dog parks.

 

The Crossings at Exum Place is also in discussion with grocery stores, restaurants, a healthcare/fitness center, apartment groups – and hotel groups.

 

The project is expected to create 1,500 new jobs and have an economic impact of more than $3.4 billion for the City of Jackson and Madison County over the next 20 years.

 

This development is projected to generate more than $68.4 million in net new property taxes and more than $62.5 million in new local sales taxes during the same period.

 

The Crossings Partners is a Tennessee General Partnership comprised of Shane McAlexander, Joel McAlexander, and Chris Carothers.

 

Opening date set for Buc-ee’s first convenience store in this West TN community

 

According to published reports, Buc-ee’s, known for food, multiple fuel pumps, super clean restrooms, and home décor, is scheduled to open its first location in West Tennessee in late May, 2027.

 

Located in Gallaway, at Exit 28 – Intersection of Interstate 40 and TN-196 in Fayette County – the 74,000-square-foot store will also be about 14 miles from BlueOval City.

 

The Business of Buc-ee’s – called the Disney World of Convenience stores – here’s an idea of what the convenience store will look like in Fayette County.

 

Size of an average travel center – 74,000-square-feet

 

Fuel stations – 120

 

Restroom facilities (clean) – 71

 

As of September 2026, there are 58 Buc-ee’s locations in the United States. Texas has the highest concentration, with 37 stores, accounting for about 64% of all Buc-ee’s locations.

 

Starting wage – with benefits – $17-$19 hour

 

Typical capital expenditure per location – $60,000,000

 

Annual Gross Taxable sale – not including fuel – $50,000,000

 

Annual number of gallons of fuel sold – 18,000,000

 

Average number of automobiles per day – 4,000 – 8,000

 

Average number of visitors in store weekly – 100,000

 

Average number of visitors annually – 5,200,000

 

Average number of visitors from outside the state – 50 percent

 

Average number of customers from outside county where store is located – 80 percent

 

Arby’s closes Old Hickory Boulevard location in Jackson

 

The Arby’s at 601 Old Hickory Blvd. in Jackson has closed permanently, according to signs posted on the doors this morning.

 

The restaurant, which opened in 1986 and had operated continuously since then, is no longer serving customers. Other Arby’s locations in Jackson remain open, including those on South Highland Avenue, Parkstone Place, and Stonebrook Place.

 

The closure comes as the chain has shuttered locations in various markets in recent years.

 

The Buchanan Realty Group CLICK HERE sponsors Strictly Business.

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