Buchanan Realty Group CLICK HERE located in Hamilton Hills Shopping Center, 621 Old Hickory Blvd., sponsors Strictly Business, a weekly column that takes a look at a few of this week’s business highlights.

The Buchanan Realty Group – (731) 300-3071 – provides commercial real estate services throughout Tennessee. The group specializes in leasing, tenant representation, investment sales and acquisition – concentrating on retail, hospitality, c-store, medical, industrial and multi-family sectors.

Jackson Energy Authority approves 7 resolutions during monthly meeting

The Jackson Energy Authority’s board of directors reviewed and approved seven resolutions during their monthly meeting at the Tennergy Center, Monday.

“Those resolutions were for equipment and supplies for the electric and water divisions while also approving the provider for employee long term disability insurance,” said Monte Jones, chairman of the board of directors at JEA, “The board also received reports on the financial condition of JEA.

“(JEA) president Jim Ferrell updated the group on monthly fuel cost adjustments and purchase gas adjustments.”

The Board of Directors –

Authorized the purchase of a Hendrix Spacer Cable System – Border States of Jackson submitted the low bid of $159,997

Authorized the purchase of one new trencher & trailer for the Electric Division – Vermeer Midsouth of Cordova submitted the low bid of $201,927.47

Authorized the purchase of one new compact track loader for the Electric Division – Thompson Machinery of Jackson submitted the low bid of $161,047.53

Ratified the purchase of two 60-foot insulated aerial devices on cab & chassis for the Electric Division from Altec Industries for $276,411 for both units with a price increase ($4,647.72) on one unit which brings the total price on one unit to $281,058.72

Authorized the purchase of valves and fittings for the Water Division – Consolidated Pipe, Memphis, submitted the low bid of $73,101.20

Approved the purchase of GME trench boxes (4) for the Water/Wastewater Division – ICM of Memphis submitted the low bid of $59,040

Approved provider of life/accidental death and dismemberment (AD&D) and long-term disability insurance

Unemployment rates for West Tennessee counties

Highlights from the October 2022 Labor Force Estimates –

The Seasonally Adjusted Unemployment Rate for Tennessee increased to 3.5% in October from September’s 3.4%.
During the same time period, the Seasonally Adjusted Unemployment Rate for the United States increased to 3.7% from September’s 3.5%.
The unemployment rate increased in all 95 counties.
Williamson County had the lowest unemployment rate at 2.4 percent.
Bledsoe County had the highest unemployment rate at 5.4 percent.
Chester County had the lowest unemployment rate in West Tennessee at 3.1 percent.

For West Tennessee counties – CLICK HERE

Apartment complex in Jackson sells for $24 million plus

Stonewater Place Luxury Apartments, 20 Stonewater Creek Drive, have been sold.

Andmark Stonewater LLC purchased the 120-unit complex from SM Stonewater LLC for $24,650,000.

The sale of the complex – which offers one- two and three bedroom apartments – is the second in less than three years.

SM Stonewater LLC (Florida), purchased the property – located off Ridgecrest Road east of Campbell Street – in January 2019 for $16,250,000.

LANA ‘Holiday Home’ tour begins Friday, Dec. 2

Join the residents of the Lambuth Neighborhood Association (LANA) as they welcome friends and neighbors into their homes to share the joy of the Christmas season.

Ticket holders will gather at Greer Real Estate, 106 S. Liberty St., in downtown Jackson, and a few of the stops will incorporate homes on Northwood Avenue, Westwood Avenue, North Highland Avenue and the ‘Pink House,’ at 169  W. Orleans Street.

Tickets are $12.50 in advance, or $15 after 7 p.m., Friday, December 2.

Tickets can be purchased at Carriage House Antique Market and Cafe, Garner Blue Shop and Studio, Marilyn Jackson Gifts, Morris Nursery and Landscapes, and Turntable Coffee Counter or online.

Tour Dates and Times:

Friday, December 2, 7 p.m. – 9 p.m.

Saturday, December 3, 1 p.m. – 5 p.m.

Sunday, December 4, 1 p.m. – 5 p.m.

FOR MORE LOCAL BUSINESS CLICK HERE

(BUCHANAN REALTY GROUP CLICK HERE sponsors Strictly Business)

David Thomas, Twitter – @DavidThomasWNWS
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