IN RE SERVICE MERCHANDISE CO., INC.

No. 399-02649.

256 B.R. 755 (2000)

In re SERVICE MERCHANDISE COMPANY, INC., et al., Debtor.

United States Bankruptcy Court, M.D. Tennessee.

June 5, 2000.


Attorney(s) appearing for the Case

John William Butler, Jr., George N. Panagakis, Skadden, Arps, Slate Meagher & Flom, Chicago, IL, Paul G. Jennings, Beth A. Dunning, Bass, Berry & Sims PLC, Nashville, TN, for debtors.

Ellen B. Vergos, United States Trustee, Region 8, Memphis, TN, Beth Roberts Derrick, Assistant United States Trustee, Nashville, TN, for Office of United States Trustee.

Glen B. Rose, Barbara Holmes, Harwell Howard Hyne Gabbert & Manner, P.C., Nashville, TN, Glen B. Rice, Otterbourg, Steindler, Houston & Rosen, New York City, for Official Unsecured Creditors' Committee.

Robert C. Goodrich, Ronald G. Steen, Jr., Farris Warfield & Kanday, PLC, Nashville, TN, for Melaver, Inc., ITR Property Company, and RC Properties.

Sam J. McAllester, III, Wyatt Tarrant & Combs, Nashville, TN, for Oakwood Plaza, L.P.

B. Gail Reece, Wyatt Tarrant & Combs, Nashville, TN, for Segal Development Associates, L.P.

Randal S. Mashburn, Baker Donelson Bearman & Caldwell, Nashville, TN, for Baton Associates.

John H. Rowland, Baker Donelson Bearman & Caldwell, Nashville, TN, for Hawley Management, Inc.

Marshall L. Hix, Beverly Haden, Hix Gray & Dennen, PLLC, Nashville, TN, for Chase Family L.P. No. 4.

Paul S. Magy, Matthew Schlegel, Ian Allen, Kupeliam Ormond & Magy, Southfield, MI, for Ramco-Gershenson Properties, L.P.

Andrew Conway, Miro Weiner & Kramer, Bloomfield Hills, MI, Jeffrey Meyers, Ballard Spahr Andrews & Ingersoll, Philadelphia, PA, for Oakland Square L.P.

Steven T. Hoort, Rupes & Gray, Boston, MA, for TJX Companies, Inc.

Randal S. Mashburn, John H. Rowland, Baker Donelson Bearman & Caldwell, Nashville, TN, James Carr, Robert Shenfield, Lisa Thompson, Kelley Drye & Warren, LLP, New York City, for Westmoreland Mall Associates.

Randal S. Mashburn, John H. Rowland, Baker Donelson Bearman & Caldwell, Nashville, TN, for Jackson Simon, L.P.

David L. Pollack, Jeffrey Meyers, Ballard Spahr Andrews & Ingersoll, Philadelphia, PA, Randal S. Mashburn, Baker Donelson Bearman & Caldwell, Nashville, TN, for New Plan Excel Realty Trust, Inc. and General Growth Management, Inc.

Ernest B. Williams, IV, David Canas, Williams & Prochaska, P.C., Nashville, TN, for Castleton Shopping Center, Ltd.

John H. Rowland, Baker Donelson Bearman & Caldwell, Nashville, TN, Lauren M. Iscoff, Kozyak Tropin & Throckmorton, P.A., Miami, FL, for Pompano Plaza, Ltd.

Randal S. Mashburn, John H. Rowland, Baker Donelson Bearman & Caldwell, Nashville, TN, James Carr, Lisa Thompson, Kelley Drye & Warren, LLP, New York City, for Westmoreland Mall Associates & Swansea Mall, LLC.

Randal S. Mashburn, John H. Rowland, Baker Donelson Bearman & Caldwell, Nashville, TN, James F. Wallack, Christine D. Lynch, Goulston & Starrs, P.C., Boston, MA, for E & A Northeast L.P.

Robert C. Goodrich, Farris Warfield & Kanday, PLC, Nashville, TN, for Heritage Realty Management, Inc.

Patrick M. Thomas, King & Ballow, Nashville, TN, Edwin G. Rice, Glenn Rassmussen Fogarty & Hocker, P.A., Tampa, FL, for Argyle Village Square Shopping Center, L.P.

Randal S. Mashburn, John H. Rowland, Baker Donelson Bearman & Caldwell, Nashville, TN, for Bennett Management Corporation, Newstart Factors, Inc., Bennett Restructuring Fund, L.P., and Bennett Offshore Restructuring Fund, L.P.

David Kleinfelter, Nashville, TN, Thomas M. Mayer, Phillip Bentley, Amy Caton, Kramer Levin Naftalis & Frankel, LLP, New York City, for Contrarian Capital Management LLC, Touchstone Capital, LLC, and Varde Partners.


MEMORANDUM

GEORGE C. PAINE, II, Chief Judge.

I. Introduction

This matter is before the court on the debtors' motions for entry of eleven separate orders pursuant to 11 U.S.C. § 363 and Rule 6004 of the Federal Rules of Bankruptcy Procedure, authorizing the debtors and TJX Companies, Inc. to enter into various leases and subleases of space at eleven of the debtors' retail stores. The debtors sought this relief as to a total of nineteen stores...

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