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