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Kelly Truitt

Senior Vice President

Kelly Truitt

Senior Vice President
Meet the Team
+1 901 2601020
+1 901 2601021

Memphis

2620 Thousand Oaks Blvd.
Suite 4000
Memphis, TN 38118
+1 901 528 1000
+1 901 528 1000

Professional Experience

 

 Kelly Truitt serves as Senior Vice President for CBRE, Inc. With more than 29 years of experience in the commercial real estate business, he specializes in corporate and transaction advisory services and serves as team leader of the Advisory & Transaction Services | Occupier team.

Prior to joining CBRE in 1990, Kelly was responsible for all commercial property activities with Henry Turley Company, including acquisition, leasing and management. Over the past 25 years, Kelly’s team has been responsible for a large market share of representation services and large assemblages in Memphis, the Mid-South as well as a number of national requirements.


Professional Affiliations /Accreditations

  • ​​Tennessee Real Estate License, Principal Broker
  • Mississippi Real Estate License, Principal Broker
  • Arkansas Real Estate License, Executive Broker
  • Alabama Real Estate License, Principal Broker
  • Certified Commercial Investment Member (CCIM)
  • Certified Property Manager (CPM)
  • Member, National Association of Realtors (NAR)
  • Named to the 2004 Top 200 professionals in the CBRE worldwide family
  • Inducted into CBRE Colbert Coldwell Circle (top 3% globally) in 2003
  • Multi year winner of the MAAR Pinnacle Award
  • 2010 winner of the MAAR Commercial Broker of the year award

Education

 

  • University of Arkansas, Bachelor of Science in Business Administration; Finance and Real Estate, 1985


Significant Assignments

  • Union Planters/Regions Bank (Multi-Market) | 600,000 SF
  • Harrah's Entertainment (Data Center) | 280,000 SF
  • Accredo Health (Corporate Headquarters) | 250,000 SF
  • Pinnacle Airlines Corp. (Corporate Headquarters) | 200,000 SF
  • Sara Lee Corporation (Regional Headquarters) | 123,000 SF
  • Semmes Murphey | 110,000 SF
  • Perkins Family Restaurants (Corporate Headquarters) | 108,000 SF
  • MLG&W (Critical Ops Center) | 91,000 SF
  • Sedgwick CMS (Corporate Headquarters) | 90,000 SF
  • TruGreen (Corporate Headquarters) | 72,000 SF
  • Clear Channel Communications | 60,000 SF
  • Independent Bank (Corporate Headquarters) | 45,000 SF


Clients

 

  • Baptist Memorial Healthcare Corp.
  • Echelon Residential
  • IBM    
  • McDonald Kuhn Attorneys    
  • OrthoMemphis   
  • Thompson Dunavant, CPA    
  • Verso Paper
  • DuPont Corporation
  • Federal Compress
  • Memphis Area Greater Transit Authority
  • MLG&W
  • Rhodes College
  • United Way of the Mid-South

 

Case Studies


Autozone Park

The Challenge 
When the Memphis Redbirds came to CB Richard Ellis Memphis for help in finding suitable property for their own Field of Dreams, it wasn't just a matter of mowing down the corn, sowing grass seed, packing the clay and chalking the base lines. The challenge, in fact, was assembling enough property in an urban location to build a convenient, accessible and affordable stadium complex. So, together with the Redbird Foundation Team, we rolled up our sleeves at CB Richard Ellis Memphis and went to work. 
 
The Solution 
We targeted 34 parcels of land totaling 13 acres in the densely crowded Central Business District of Memphis. And it wasn't just a matter of locating the property-it had to be acquired within a short period of time and a fixed budget. It was also important that the land be under contract at little risk to the buyer so that critical details could be resolved before the land was actually purchased. Eventually, we obtained a majority of the site under contract, avoiding the potential of unrealistic inflation of prices by speculators once the ball park was announced. Today, construction is finished on AutoZone Park, the Redbirds are playing, and the crowds are packing in. At CB Richard Ellis Memphis, we're proud to have helped make our home team's own "Field of Dreams" a reality.


Perkins Family Restaurant 

The Challenge
Perkins Family Restaurants employed CB Richard Ellis Memphis to assess their real estate needs for their headquarters in Memphis, Tennessee.  Perkins, at the time of our initial involvement, occupied 38,000 square feet in a mature office building that was 94% leased.  They needed to expand by an additional 16,000 square feet, wanted to establish a long-term location but needed the ability to expand and retract, and wanted to obtain the best possible economic terms.   
 
The Solution
As a result of CB Richard Ellis Memphis’ efforts, Perkins was able to expand and renew at their current location, obtain more favorable expansion rights within the building and obtained a savings in occupancy costs of approximately $2,000,000 over the life of the lease. 




Kelly Truitt

Senior Vice President
Meet the Team
+1 901 2601020
+1 901 2601021

Memphis

2620 Thousand Oaks Blvd.
Suite 4000
Memphis, TN 38118
+1 901 528 1000
+1 901 528 1000