Newspaper Page Text
Terry Is Driving Force Behind New Shopping Center
QUICK CLEAN
CENTER WILL
OPEN SOON
Quick Klean Center, a com
plete fabric care facility otter
ing not only modern washers
and dryers but also coin-oper
ated dry cleaning and profes
sional complete-service laun
dry and dry cleaning, will as
sure Covington Meadows shop
pers of the best in clothes
cleaning convenience.
The center, expected to open
its doors on or about Novem
ber Ist, is specifically design
ed to allow shoppers to de
posit their clothes in the ma
chines, complete their shop
ping chores elsewhere in Cov
ington Meadows, and then pick
up their ready-to-go clothing
and other articles. Attendants
will be on hand to assure that
all goes smoothly.
A feature of the washing
section of the center is four
25-lb. capacity professional-
Re ve r s e-o-m at i c washers
which, by reversing tumbling
action 12 times a minute,
“quardruple” the wash-rinse
performance, according to
George A. Cowee Jr., owner of
Quick Klean Center. The wash
rinse cycle runs 22 1/2 min
utes. Also in this section will
be six 10-lb. capacity Frigid
aire washers with the famous
three-ring, somersault action
for normal washes. Dryers of
50-lb. capacity complete the
picture in this section.
In the coin - operated dry
cleaning section, where shop-,
pers can save up to 75 per cent
in dry cleaning bills, are mach
ines which requires no profes
sional knowledge to operate.
The Fashion Care machines
allow the drycleaning of from
one to 12 pounds of articles,
and special steam-cabinet stor
age—an extra service at no
extra charge — assures prac
tically wrinkle - free cleaning
whether or not the customer is
on hand to receive the clean
ing at the instant it comes out
of the drycleaning machine.
The steam cabinet makes the
Covington Meadows Quick
Continued on Page 8
JI
Ms L >
DIAMOND HEADQUARTERS
n
W ' COVINGTON I
ANY QUALIFY an( j |^\
Z; witch MEADOWS “ ENS Jk)
WATCH STRETCH
K rep™ GHfIND bands Z
1 SAJS OPENING " ,,s ’ s I
I ” I S^9s I
<i COMPETE . , "Z f
bpecials!^ »v
t , * *- ' “'“*
LLOYD’S JEWELERS
"LOCATED IN COVINGTON MEADOWS SHOPPING CENTER"
Dynamic Worker, He Makes
His Dreams Come True
For a man who 11 years ago was completely paralyzed
by polio, Addison Terry — dynamic Atlanta economist,
author and developer of million-dollar shopping centers,
motels and high-rise apartments in Georgia. Florida, Arkan
sas and Texas — seems to be doing all right for himself.
Three miles north of Cov
ington, Georgia, county seat of
Newton County, in the heart
of an area that is rapidly gain
ing on crowded DeKalb County
as Atlanta’s newest boom coun
ty, Terry lives on a 206-acre
spread complete with horses,
sons and a nearby Commanche
airplane in which he flits about
the U. S. at the rate of some
4,000 miles ti month. A fan of
Atlanta's late Joel Chandler
Harris and his “Uncle Remus”
stories, Terr; calls his place
“The Briar Patch”.
During office hours, which
he doesn’t observe as such, Ter
ry may be found in a swank
■I 'TAW*? iW I V
it ■ T
It
E If J| Ik .-a'-M
-a « s Af «HmHk W » y,- ■■ ;
■ ■■; —
BHESW-h . a ft >VI k,, i • x . ”f :■
TERR? AND SONS (1-r) Tim and Jeb are shown with blooded horses on Terry's New
ton County farm, "The Briar Patch."
new suite of offices just off the
mall of his current pride and
joy — Covington Meadows, a
new million - dollar shopping
center complex 39 miles south
east of Atlanta at Covington,
just off the right-of-way of the
rapidly approaching four-lane
interstate Highway 20.
From these offices, two which
he has just moved from Deca
tur, Terry directs the multi
faceted destinies of the Addi
son Terry Company, his eco
-1 nomic consulting firm, and of
Forest Lane, Inc., a Georgia
corporation which he and De
catur attorney William H. Bar
ber organized in December,
1960, to acquire and develop
high - yield commercial real
estate. Terry, who is president
and treasurer, and Barber, who
is secretary, have been joined
in the venture by Locke E.
Glenn, president of both At
lanta’s good-music WGKA ra
dio station and of Glenkaren
Associates; owner of Baker
Audio, and holder of extensive
real estate, commercial and in
dustrial interests in Georgia,
North Carolina and Florida.
A six-foot, two inch giant
with brown hair, glinting
brown eyes and a restless driv
ing disposition. Terry has
crammed an almost unbe
lievable amount of activity and
achievement into his youthful
34 years. Holder of two econo
mics degrees (8.5., Purdue;
M.A., University of Florida),
Terry wrote as his master’s
thesis a treatise with the lofty
title of "The Economic Di
sequilibrium of Puerto Rico,”
a paper used by that U. S. pos
session in the development of
its fabulously successful "Op
eration Bootstrap.”
Terry also wrote the book
“Police Action” which dealt
with the Korean War and saw
print in the Infantry Journal.
Qualifying him for this task
was firsthand experience as a
Regular Army lieutenant. In
those first harsh days in 1950,
Terry recalls mustering "cooks
and clerks” into squads of 12
and leading them north to
“seek out and engage the ene
my.” His big, square fists and
equally square jaw lend cre
dence to his story that he en
gaged said enemy, as do his
Bronze Star (“with ‘V’”), two
Presidential Citations and two
Purple Hearts. It was the cir
cumstances surrounding his
winning of his second Purple
Heart which landed him in the
hospital with gunshot wounds
and return to the States. In
1951 at Ft. Bragg, N. C. polio
mylitis completely paralyzed
Terry. At this bleak juncture,
nobody knew whether he would
ever walk again. He did, of
course, he was six months abed,
six months on crutches and
still walks with an almost in
discrenible limp.
Forest Lane's crown jewl of
the moment is the 66,000
square-foot Covington Mead
ows Shopping Center, but that
is just part of the story. The
firm is rapidly pushing to com
pletion contracts assuring erec
tion of a 130 unit, high-rise
motel in downtown Pensacola,
Florida; a similar motel in Hot
Springs, Arkansas, both to be
operated by Arizona’s Ramada
Inns. Also in the works is a
service-retail park and multi
storied housing project in Irv
ing, Texas, situated on the 1 fl
lane highway between Fort
Worth and Dallas and billed as
the state’s “fastest growing
city.”
At the vortex of this four
state flurry of economic activi
ty, Terry found time to rumi
nate about the birth of Cov
ington Meadows Shopping Cen
ter, his "baby” if anyone’s. Like
the faro dealer on straight sal
ary who learns the percentages
and wants to try his luck as a
player, Terry from the begin
ning of his career as an econo
mist hankered to turn his skill
as a consulting economist to
more lucrative personal ad
vantage. If he could spot eco
nomic advantages for others
for a fee, why couldn’t he spot
them for himself?
He could. Unlike the myriad
Walter Mittys of real estate fi
nance who dream of acquiring
land along the proposed right
of-way of a six-lane, but rare-
Meadows Hairstylists
B GRAND
OPENING
SEPT. 27th
at
COVINGTON
MEADOWS
SLIPPING CENTER
MARY DUNN—Manager ARNOLD BLACKMAN—StyIist
Both operators recent/y finished advanced training at the £ / z X z X
MODERN HAIR DESIGN ACADEMY / '
WE INVITE YOU TO COME IN AND VISIT
US AT COVINGTON'S LARGEST AND MOST hfVK
MODERN BEAUTY SALON -A
Meadows -V
4^^ 5* Hairstylists
Located in Covington Meadows Shopping Center
Covington, Georgia Phone 786-5354
ly do, Terry used his economic
nose to smell out what he
thought was the right spot,
and acted—he bought his first
parcel of land in Covington in
1956; his second in 1957, and
his third in 1961. All of the
land, some 17 acres in all, was
purchased by him as a personal
investment and venture. His
land involves three quardrants
of the six-lane U.S. 278 bypass
and will enable him to even
tually triple the size of Cov
ington Meadows.
Now that he had the land,
what to do? Hold it for fast ap
preciation and sale to other
developers, or develop it him
self? He decided on the latter
course, and set up Forest Lane,
Inc., as the developing corpo
ration. The first step in lur
ing the necessary financing and
tenants, of course, was writing
up formally the findings of his
continuing study, which, at that
time, had embraced six years.
The study, entitled "Project
Paper”, detailed a classic exer
cise in economic snoopery aim
ed at, as the paper says, “. . .
selecting a community within
a 50-mile radius of Atlanta that
possessed outstanding growth
potentials not yet anticipated
by the large real estate devel
opers.”
Terry’s study Indicated that
Covington, when Interstate 20
reached it from Atlanta, could
expect the same kind of ex
plosive “strip city” economic
boom that occurred when the
superhighways earlier reached
Marietta, 18 miles northeast of
Atlanta, and Griffin, some 40
miles southwest of Atlanta.
Moreover, there were no mod
ern, retail shopping centers,
either in Newton County, of
which Covington is the county
seat, nor were there any in the
surrounding six counties. The
industry of Covington was di
versified and on the upgrade:
Bibb Manufacturing Company
employed 2,000; Lowenstein’s
Covington Mills, 300. Bruns
wick’s MacGregor Corp, had
just completed the nation’s
largest golf ball factory, em
ploying 70 to 100; Dodge Wire
Company was bustling, and
other industry included sports
shirt manufacture and lumber.
As for agriculture the area had
many large, prosperous farms,
embracing cattle raising and
the peach and dairy industries.
One of the most significant
factors favoring the establish
ment of a shopping center at
.^8 W
Jl*^***^»B^ Ik' 7
" — i
■’ B l '' ■
ADDISON TERRY
CHIEF DEVELOPER of Covington Meadowa Shopping
Center; President, Forest Lane, Inc. developing Corporatioa
for Covington Meadows.
Covington, however, was New- ’
ton County’s sales activity in- ;
dex of 77. Although the coun- ;
ty’s population of 20,999 (low, i
insofar as luring shopping cen
ters is concerned, but adequate
when considered as a part of a i
seven-county drawing area)
had an effective buying income
of $23.3 million, the county’s
sl7 million 1959 retail sales
indicated much of this money
was being spent in nearby At
lanta, whose Fulton County
racked up a sales index activi
ty of 156 in that year. This
money could be kept at home, |
Terry reasoned, if the right
shopping facilities were avail
able. Further Covington Mea
dows would serve Madison,
Monroe, Social Circle, Conyera,
Mansfield and other supporting
communities.
Drawing on his military ex
perience as one of former Un
dersecretary of Defense Roger
Keyes’ aides in selling arms
budgets to Congressional com
mittees, Terry made such a
successful pitch that money
came in from New York, Okla-
I Continued on Page 6