Hagan Properties

Providing quality shopping center, apartment and self-storage locations since 1990

(502) 245-8800
  • Home
  • Shopping Centers
    • Current Assets
    • Sold Assets
  • Apartments
    • Current Assets
    • Sold Assets
  • Self-Storage
    • Current Assets
  • About
    • About Us
    • Hagan HQ
    • Corporate Resume
    • In The News

Archives for November 2014

Kirklands home décor store open in Shelbyville Road Plaza

November 12, 2014 By Hagan Properties

NOV
12

By Caitlin Bowling 
Nov 12, 2014, 3:51pm EST

Kirkland’s, a Tennessee-based home decor chain, opened a store in St. Matthews today.

Kirkland’s has moved into a 7,500-square-foot space at Shelbyville Road Plaza, located at 4600 Shelbyville Road, according to Tommy Edwards, a leasing agent with Hagan Properties Inc., which owns and operates the center.

The retail company is hosting a grand opening celebration from 9 a.m. to 3 p.m. on Saturday, Nov. 15. Kirkland’s will offer refreshments from Argo Sons Coffee and Please & Thank You. Gift bags and $10 gift cards will be handed out to the first 50 shoppers, according to the event’s Facebook page. All shoppers will have the chance to win a $50 gift card.

Kirkland’s has two other area locations, in Clarksville and in Springhurst Towne Center in Louisville’s East End. The company operates more than 300 stores nationwide.

Filed Under: In The News

Louisville bank ordered to pay nearly $1 million to cover bond interest in Signature Point lawsuit

November 10, 2014 By Hagan Properties

NOV
10

By Braden Lammers  – Reporter, Louisville Business First
Nov 10, 2014, 5:19pm EST Updated Nov 11, 2014, 7:38am EST

The meter is running on a legal judgment made in Jefferson Circuit Court more than a year ago.

The case involves developer J. Scott Hagan and his former plan to build Signature Point, a complex of 414 apartments and 299 condominiums on 90 acres near Christian Academy of Louisville, as Business First reported last year.

PBI Bank lent Hagan more than $25 million to build the complex, but the project went awry in the recession.

According to court records, Hagan claimed PBI Bank asked him to deed the property to the bank in exchange for forgiving the loan. Hagan agreed, if he could keep the 30 acres planned for apartments.

Hagan claims that, unbeknownst to him, PBI Bank was negotiating the sale of the apartment property to Managed Assets of Kentucky LLC for $3.8 million. Hagan’s attorneys said that was “deceitful negotiating” to secure the deed from Hagan.

In September 2013, a jury awarded $7.8 million in damages to Signature Point LLC. PBI Bank’s parent PBI Bancorp Inc., (NASDAQ: PBIB) continues to appeal that judgment.

Because the ruling favored Signature Point, PBI was required to put up a bond to cover the $7.8 million award. That appeal is ongoing, and the interest on the bond continues to accrue more than a year after the ruling and dollar amount were initially set.

“After a year with all the post-trial motions that PBI made, the case wasn’t finished in August,” Signature Point attorney Larry Zielke said.

Therefore, Zielke requested that another year’s interest be added to the bond to cover the interest that had accrued.

According to court records, the court agreed to increase the bond by $942,824 as of Oct. 1. PBI paid the additional interest to Jefferson Circuit Court on Oct. 22.

Zielke said he expects that the earliest the appeal could be resolved is the summer of 2015. If the case continues until September 2015, he said, he will ask again for the bond to be raised to cover the accrued interest.

PBI Bancorp officials declined to comment on the matter, except to confirm that the bank had made the interest payment to the court.

Filed Under: In The News

Recent Posts

  • Why developers say townhomes are the next housing trend to hit Louisville
  • $26 million Bull Run Townhomes underway in East Louisville
  • The new Dee’s? The Hat Shoppe has everything to make your own Kentucky Derby hat
  • Law to curb ‘frivolous’ appeals of commercial development upheld by the Court of Appeals
  • Growing doughnut chain to open location in East End shopping center

Recent Comments

    Archives

    • April 2024
    • February 2024
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • February 2021
    • November 2020
    • October 2020
    • August 2020
    • July 2020
    • February 2020
    • July 2019
    • December 2018
    • September 2018
    • June 2018
    • April 2018
    • April 2017
    • March 2017
    • February 2017
    • December 2016
    • November 2016
    • September 2016
    • May 2016
    • April 2016
    • March 2016
    • January 2016
    • October 2015
    • July 2015
    • April 2015
    • January 2015
    • November 2014
    • June 2014
    • March 2014
    • November 2013
    • July 2013
    • May 2013
    • March 2013
    • November 2012
    • July 2011
    • September 2007

    Categories

    • In The News

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    • Facebook
    • Instagram

    Hagan Properties

    12911 Reamers Road
    Louisville KY 40245

    P: (502) 245-8800
    F: (502) 245-7747
    info@hagan.com
    COPYRIGHT © 2025