Boyle is excited that FHN Financial has selected Boyle’s Ridgeway Center community at Poplar Avenue and I-240 in East Memphis as the new location for its headquarters.  The company plans to take occupancy of its new space in May 2022 and will relocate 275 local employees.

FHN Financial has signed a lease for the second and third floors of Boyle’s 1000 Ridgeway Loop Road.  “It’s a fresh new space in a very desirable part of the city.  It’s also important to our employees, and we want to build something that works well for them, that they’re excited about,” said Rick Bollinger, EVP with FHN Financial. The new headquarters will occupy two floors encompassing a combined 50,000 square feet.

Both the second and third floors of 1000 Ridgeway Loop Road will be redone and modified to fit the needs of FHN Financial.  The office will have a large, open sales and trading floor.  The renovations to the space are expected to be completed by April 2022.  ANF Architects has been selected as the architect for the build-out of the two floors.

FHN Financial plays a pivotal role for First Horizon.  An institutional business, its clients include banks, insurance companies, cities, counties, states and investment managers.  The organization works with 50% of domestic banks that have an investment portfolio of more than $100 million.

The 275 local employees make up more than half of its overall workforce, as the business has about 500 total employees, spread throughout 26 offices across the country.

 Directions

ABOUT THE DEVELOPMENT

1000 Ridgeway Loop Road

Positioned within Boyle Investment Company’s Ridgeway Center mixed-use development, 1000 Ridgeway Loop Road is a 155,000 square feet office building. Constructed with column-free spaces, this “Class A” building provides efficiencies for tenant use. Currently home to tenants such as Landmark Community Bank and Evans Petree, P.C., this building utilizes stately exterior architecture combined with high-quality interior design to provide premier office space to potential tenants. Security features such as 24/7 security patrol and card access entry points have established 1000 Ridgeway Loop Road as a fully secure, multi-tenant flagship building located in Boyle’s prime central business district.

Property Details

At CityPark, Geodis will expand into the entirety of its 133,000-square-foot building as part of a long-term renewal of its lease in the project. CityPark is the U.S. headquarters for Geodis , it has been a tenant there since 2005. The expansion builds upon a series of recently signed commercial leases at CityPark, which takes the development from 91% leased at the beginning of 2020 to 98% today.

“Since Boyle’s purchase of the project in 2021, we have worked diligently at CityPark to build a walkable mixed-use district that serves our tenants and the Brentwood community, and Geodis has been a key partner since the beginning. Through relationships like the one we have with Geodis, we are excited to continue to elevate the CityPark project in the coming years.”

 – Thomas McDaniel, Boyle Investment Company

Press

• Community Impact Newspaper
• Williamson Source
• Williamson Herald

Directions

ABOUT THE DEVELOPMENT

CityPark Brentwood

CityPark is a vibrant, pedestrian friendly mixed-use community located in the central business and retail district of Brentwood, Tennessee. The 33-acre CityPark is comprised of 500,000 square feet spread among 8 office buildings, and 40,000 square feet of retail and restaurant amenities. The property is strategically situated on Franklin Road, for optimal access and visibility.

Women Who Lead/Commercial Real Estate/Memphis Business Journal Special Section

If there ever was a time for leadership, 2020 was the year.  And, commercial real estate was certainly negatively impacted by COVID, as many workers moved into work-from-home space.  For Memphis Business Journal’s next group of Women Who Lead, honoring executives in commercial real estate (CRE) seemed to be a logical choice.  Also logical is highlighting the accomplishments of women who have broken through the glass ceiling and helped define their businesses, as well as the local marketplace.  Each woman chosen by MBJ’s editorial team has qualities that define leadership – from pushing through challenges to moving a business forward to career-altering decision-making.  Within commercial real estate, the ten Women Who Lead honorees are leaders at some of Memphis’ highest profile real estate firms, from national CRE brands to locally owned firms.  The honorees in CRE have closed millions of dollars and square feet in deals, placed countless tenants in space, and continually provide the real estate structure that makes the local economy grow.

Kathy Pampuro, Senior Vice President, Boyle Investment Company

Kathy Pampuro has had a three-decade career with Boyle Investment Company and has been involved in innumerable office deals for one of the metro’s largest office real estate landlords. Since her start with the firm in the 1980s, the firm has tripled the amount of office space developed, owned and managed in Memphis, giving Pampuro no shortage of real estate tasks.  Her next professional goal is something of a vendetta against vacant square footage on Boyle’s occupancy report.  She has the lofty goal of 100% occupancy for all of Boyle’s office properties.  But, a goal more easily achieved involves her connection with tenants.  “It is gratifying seeing a space transformation and how excited our tenants are about their new office or even a refurbishment or space modification for a tenant renewal,” Pampuro said.

Brentwood-based logistics and transportation company Geodis announced Aug. 10 it will expand its offices at 7101 Executive Center Drive, Brentwood, to take up 133,000 square feet of space in its existing building at CityPark Brentwood.

The company offers distribution, supply chain optimization, freight forwarding and road transport services in 120 counties for approximately 165,000 clients.

Additionally, CityPark Brentwood, a 33-acre mixed-use community, has welcomed three new tenants in recent weeks.

I Love Juice Bar opened in early August at 7011 Executive Center Drive, Ste. B104, Brentwood. The shop offers smoothies, juices and acai bowls with fresh fruits and vegetables. Seasonal menu items are available. www.ilovejuicebar.com/brentwood

F-45 Training opened in the spring at 7030 Executive Drive, Ste. 150, Brentwood. The fitness studio, which also has locations in Cool Springs and Franklin, offers circuit and high-intensity training programs and workouts. 615-985-4545. www.f45training.com

 Directions

ABOUT THE DEVELOPMENT

CityPark Brentwood

CityPark Brentwood is a vibrant, pedestrian friendly mixed-use community comprised of 500,000 SF of office space and 40,000 square feet of walkable retail and restaurant amenities, as well as an on-site Hilton Garden Inn Hotel. CityPark is located at the intersection of Franklin Rd. and Executive Center Dr., with direct access to Old Hickory Blvd. and I-65 in Brentwood, TN.

Property Details

Four new businesses are slated to move into mixed-use center McEwen Northside later this year, according to a July 15 announcement from the development.

The center, located along Aspen Grove and McEwen drives in Cool Springs, features a number of restaurants and retailers as well as office space and multifamily residences.

Design and Engineering Inc. will relocate to McEwen Northside from 1645 Liberty Blvd., Brentwood, in September. The company is a full-service engineering and interior design firm that works with commercial clients and is licensed in 48 states. Clients include ML Rose, Bricktop’s, Buffalo Wild Wings and Cracker Barrel.

“As designers, we are always looking for great new spaces,” said Ryan Nicholson, vice president at Design and Engineering, in a release. “We are excited to become a part of and enjoy the amenities of this vibrant community. The energy and atmosphere at McEwen will give our team a fresh mentality when they come to work.”

Censis Technologies will relocate from 830 Crescent Centre Drive, Ste. 610, Franklin, in late 2021. The company specializes in web-based software to manage sterilization, tracking and data collection of surgical assets and medical equipment.

“Coming out of the COVID[-19] shutdowns, we are eager to be able to return to an office environment,” Censis President Randy Smith said in a release. “Our relocation to McEwen makes our return even more exciting as it will provide a very modern, collaborative and employee-friendly work environment. Our employees will also enjoy the amenities the new office and location will provide.”

615-468-8000. www.censis.com

Renew Co. will relocate from 325 Seaboard Lane, Ste. 150, Franklin. The company specializes in natural health and wellness products and works with health care practitioners to provide supplements. A relocation date has not been announced.

“We knew we would like our new offices at McEwen Northside, but it has exceeded our expectations,” Renew Co. CEO Jay Clarke said in a release. “Our new space will be another reason that folks want to come to work for Renew Co. and is a recruiting tool and a retention tool, and we are excited about that.”

https://therenewco.com

Gordon Rees Scully Mansukhani LLP will relocate from 3401 Mallory Lane, Ste. 120, Franklin, in mid-September. The law firm, which has offices in all 50 states, provides legal services, such as commercial litigation, professional liability defense and other legal advice.

“We had the opportunity to watch the development Boyle was putting together at McEwen Northside, and we really appreciated the live-work-play philosophy characteristic of the campus,” said Heather Gwinn Pabon, managing partner of the Nashville-area office, in a release. “McEwen Northside checked all of our boxes, including excellent paths of ingress and egress for our clients; beautiful multiuse indoor and outdoor spaces for client and team meetings; and easy accessibility to dining, retail, and health and wellness options for our team members. We are really looking forward to being part of the McEwen Northside community.”

615-772-9000. www.grsm.com

The companies will join Williamson Inc. and Mitsubishi Motors North America, which already have offices in the development’s Block B building. Construction has also begun on another block of retail and office space in the development, according to McEwen Northside.

“The relocation of companies like Design and Engineering, Censis Technologies, Renew Co., and Gordon Rees Scully Mansukhani LLP is a testament to the growing community and destination workplace that’s being created at McEwen Northside,” said Phil Fawcett, a partner with Boyle, the developer of McEwen Northside, in a release. “Cool Springs is quickly becoming a hub for companies that are seeking a unique workplace experience. We are proud to see established companies choosing to relocate their operations here.”

 Directions

ABOUT THE DEVELOPMENT

McEwen Northside

McEwen Northside is an inviting urban experience in the vibrant Cool Springs area of Franklin, Tennessee. The unique 45-acre mixed-use environment will include approximately 745,000 square feet of Class A office space, 113,000 square feet of restaurants and specialty retail, a 310-room business-class hotel, 770 luxury apartments, and upwards of 10 acres of beautifully designed green spaces to seamlessly connect the community.

Property Details

Memphis Business journal

By John Klyce

For almost 40 years, FHN Financial — the capital markets division of First Horizon Corp. – has been housed at 845 Crossover lane.  But in May 2022, the business will move its headquarters – and take its roughly 275 local employees with it.

FHN Financial has signed a lease for two floors at the Boyle Investment Company-owned 1000 Ridgeway Loop Road.  “It’s a fresh new space in a very desirable part of the city.  It’s also important to our employees, and we want to build something that works well for them, that they’re excited about,” said Rick Bollinger, EVP with FHN Financial.

The office at Crossover Lane spans 78,000 square feet, but according to Bollinger, the business isn’t currently using the entire space.  The new headquarters will have a smaller footprint, with the two floors encompassing a combined 50,000 square feet.

Both floors will be redone and modified to fit the needs of FHN Financial.  For example, the office will have a large, open sales and trading floor.  Refitting the space to reflect social distancing and pandemic-safety suggestions, however, isn’t top of mind.  While FHN Financial has made adjustments in current spaces, May 2022 is still almost a year away, and by then, the company expects the health situation to be different.

The renovations to the space are expected to be completed by April 2022.  ANF Architects has been selected as the architect for the build-out of the two floors – which, according to a document filed with the Shelby county Register of Deeds, are the second and third floors of the building.

FHN Financial plays a pivotal role for First Horizon.  An institutional business, its clients include banks, insurance companies, cities, counties, states and investment managers.  The organization works with 50% of domestic banks that have an investment portfolio of more than $100 million.

The 275 local employees make up more than half of its overall workforce, as the business has about 500 total employees, spread throughout 26 offices across the country.

MEMPHIS BUSINESS JOURNAL’s BEST REAL ESTATE DEALS/EAST MEMPHIS

Boyle’s Highwoods Purchase

Locations:  International Place II, Triad Centres I, II and III

Date of the Deal:  Transaction closed March 2020

Dealmakers:  Boyle Investment Company; Highwoods Properties

Highwoods Properties completed in March 2020 its sale of four East Memphis office buildings that total 599,000 square feet.  MBJ first reported in January that Highwoods was in advanced negotiations to sell International Place II and Triad Centres I, II and II to Boyle Investment Company.  One source with knowledge of the deal confirmed at the time that Boyle was the final buyer.  The buildings include a total of $82 million worth of appraised value, according to the Shelby County Assessor of Property.  The Triad buildings give Boyle a virtual monopoly on Class A office space near Poplar Avenue’s intersection with Ridgeway Loop Road – the premier office neighborhood in Memphis.  The Crescent Center, which Highwoods is also trying to sell, is the only significant exception.  International Place II is located at 6410 Poplar Avenue, and Triad Centres I, II and III are located at 6000, 6060 and 6070 Poplar Avenue.  In August 2019, Highwoods announced it planned to sell all of its Memphis assets.  The case from the sales is helping finance the firm’s $436 million purchase of the new Bank of American Tower in Charlotte.  Highwoods had previously sold International place IV and Atrium I and II.  Los Angeles-based CIM Group bought the International Place building, and a group of investors from Nashville and Memphis bought the Atrium buildings.  While International Place I, III and IV are occupied by International Paper, the 210,000-square-foot International place II is a multi-tenant building, home to companies including Jernigan Capital and Martin, Tate, Morrow & Marston.

Mark Halperin, EVP/COO, Boyle Investment Company Named to Memphis Business Journal’s Power 100

Mark Halperin is not often in front of the media, but he can get its attention whenever he wants it. In 2018, Halperin helped land East Memphis a TIF district, despite it reportedly being opposed by some political heavyweights. He was crucial to ServiceMaster’s headquarters relocation to the former Peabody Place Downtown. And, in his primary job at Boyle Investment Co., Halperin leads one of the city’s most powerful real estate firms. In 2020, the company bought four East Memphis office buildings from Highwoods Properties, giving it a near monopoly on Class A space in the city’s premier office district.

The Commercial Appeal

Construction could begin this year on residential and retail buildings at the Schilling Farms Water Tower District in Collierville.

On Dec. 14, the Collierville Board of Mayor and Aldermen approved a preliminary site plan for 257 residential units in the northwest corner of Schilling Farms. Now Boyle Investment Co., the project’s developer, is preparing the final plans.

“We hope we’ll have the residential and retail component under construction in 2021,” said Les Binkley, vice president of Boyle Investment.

The first phase includes 28 buildings for the residential side of the 50-acre Water Tower District, which will include rental properties — 32 townhomes, seven three-story apartment buildings and duplexes. The residential side is located along Schilling Boulevard West between Poplar Avenue and Winchester Boulevard.

“We’ve done a pretty terrific job, I think, of mixing up the building types inside the neighborhood,” Binkley said. “It’s pretty special for a suburban project like this because we have so many different building types with elevator-served buildings, which is rare.”

In addition to elevators, Binkley pointed out the development will include private direct-access garages for some. He also said the community will have a walkable component not commonly seen around Collierville.

Along with residential areas, the first phase contains 40,000 square feet of retail space, 50,000 square feet of office space and the corporate headquarters for IMC Companies, an intermodal logistics provider, which is already under construction.

“I think as far as the retail component, we’re trying to add services to this section of Collierville and this area of Schilling Farms to have more services for corporate office tenants,” Binkley said. “That’s one big thing we try to do.”

Binkley said the phase one construction would last around two years.

Phase two plans, which Boyle has not submitted yet, will include more space for office and apartment buildings and a hotel or two if the market allows.

We have the zoning for it, and we would love to sell a site to a hotel company,” Binkley said. “Just obviously with the COVID pandemic and the stress on hotels we’re not really sure when or if that would occur.”

Binkley expects the market will embrace a development like the Water Tower District because of the walkability, elevator-served buildings and direct-access garages.

“Our project is laid out in a really urban walkable fashion, so all the buildings are pulled up close to the street, they all have front porches and there’s parallel on-street parking,” Binkley said. “It’s a very pleasant, non-typical suburban type of arrangement, and we’re excited for the next phase.”

The Daily Memphian

Collierville’s Board of Mayor and Aldermen approved a preliminary site plan that includes duplexes, triplexes and townhomes at Schilling Farms.

The proposal was approved in a 5-1 vote. Alderman Billy Patton cast the lone vote of opposition, saying he wanted to see more retail or office space.

Boyle Investment Company’s newest component to its mixed-use development, easily seen from Poplar Avenue and Winchester Boulevard, includes 257 units in the first phase of the Water Tower District.

The Planning Commission recommended approval of the proposal in August.

“Schilling Farms is the premier mixed-used development in West Tennessee and the Mid-South region,” John Duncan, Collierville’s director of economic development, said. “The Water Tower District continues Boyle’s thoughtful elevation of the property.”

Schilling Farms’ outline plan was approved in 1991, but amended in 2009 to help allow for mixed-uses within buildings and to help create pedestrian-friendly neighborhoods.

The previously approved outline plan allows up to 1,725 units within the mixed-use development. If the board denied the proposal, they could face legal fees, as Monday’s proposal was in line with the outline plan.

Schilling Farms already has 1,180 multifamily units. With Monday’s approval, an additional 288 could be approved in the future for the mixed-use development.

The Water Tower District won’t contain only multifamily residential units. The project will be completed in two phases. In addition to apartments, the first phase includes 50,000 square feet of office space and 40,000 square feet of retail. Completion of phase one is estimated by the end of 2021.

Patton said he understood the property owners had vested rights, but he would like to see more retail or office space. After the meeting, he noted the developers want the multi-family units to benefit profit, but did not want it “become a problem for the town of Collierville.” He noted multi-family units can put strain on the town’s schools and services, like police and fire.

The second phase will look for approval at a later date, but Boyle officials are hopeful to submit the request in 2021. The company will request about 200 more apartments, two hotels with 100 rooms each and another 150,000 square feet of office space. The developers expect it to be completed in 2028 if it can gain the necessary approvals.

The Daily Memphian

By Abigail Warren

The Collierville Planning Commission endorsed 256 additional multifamily units at Schilling Farms between Poplar and Winchester.

The positive recommendation for a new neighborhood – the Water Tower District – includes 16.29 acres already zoned for mixed-use and multifamily. The development will include town homes, duplexes, triplexes and flats and range from one to three bedrooms.

Les Binkley, Boyle Investment Company vice-president, acknowledged this is “one of the most complicated residential developments” the company has done and thanked Nancy Boatwright, assistant town planner, for her assistance during the application process.

He acknowledged the “intricate” design of the neighborhood. Buildings will look unique, not repetitive. Elevator apartment buildings are rare in the suburban market and the project proposes several.

He said the projected can “capture” all ages adding “richness” to neighborhoods.

Due to prior reviews of the entire Schilling Farms project, the development could have up to 289 more multifamily units if the mayor and aldermen approve this neighborhood proposal. The entire project is allowed to have up to 1,725 units, and 1,180 were previously approved and built.

Boyle will seek retail as part of this project at a later date, Binkley said. This phase includes 2,193 square feet of nonresidential space for the leasing office and neighborhood amenities.

Alderman John Worley pointed out the mayor and aldermen are not “aggressively seeking apartments.” He said there were entitlements given to this long ago – before most commissioners and aldermen were in their position.

Commission Chairman Greg Cotton acknowledged the project already was granted the total number of apartments in the outline plan.

“You may not agree with the number of apartments, but they are what they are,” Cotton said, noting there needed to be solid reasoning if they were to turn it down.

Worley said if they rejected the plan, there would likely be a lawsuit, to which Rusty Bloodworth, Boyle executive vice-president, nodded his head.

No residents appeared before the commission to address the project.

One component of the commission’s review included traffic impacts. A traffic study submitted with the application said minor delays could be created near the site including at Schilling Farms Boulevard W and Poplar Avenue.

Jaime Groce, town planner, said the project will likely appear before the Board of Mayor and Aldermen in September. They may ask for the company to make improvements along Poplar at that time.

IMC Companies is making its headquarters home at Schilling Farms. Binkley said his company would like more large businesses to make their home in the development, and a project like the Water Tower District helps encourage their move to Collierville.

The Daily Memphian

By Abigail Warren

Boyle Investment Company is seeking approval of town homes, triplexes, duplexes and flats at Schilling Farms in Collierville.

The town’s Planning Commission is scheduled to review the proposal for the development’s northwest portion at its meeting Thursday. Schilling Farms, a 443-acre mixed-use development, is easily seen along Poplar Avenue and Winchester Boulevard.

“The Boyle Schilling Farms Community is the premier mixed-use development in West Tennessee and one of the nicest ongoing real-estate projects in the Mid-South,” John Duncan, director of economic development in Collierville, said. “Schilling Farms is a key differentiator for us as we continue to promote our community for expansion and relocation.”

This project, known as “The Water Tower District,” will add 256 rental units in town, creating additional living options in Collierville. The neighborhood will encompass a water tower located in the area since the 1950s, when it was farmland. The tower won’t be functional but is a “marker referencing the past,” according to Les Binkley, Boyle Investment Company vice-president.

Collierville has 2,592 stand-alone apartments. The 2040 Land Use Plan says that number should not exceed 3,532 – excluding the Downtown area that could see more. When that plan was developed, town leaders knew of potential multi-family units at Schilling Farms.

The zoning allows multi-family, and previous approvals allow up to 1,725 units. The development already has 1,180.

The Water Tower district will add 109 one-bedroom units, 93 with two bedrooms and 54 with three.

The proposed differing building styles meet town guidelines.

“There’s nothing like it,” according to Rusty Bloodworth, Boyle Investment Company’s executive vice president. “It’s by far the most complex predominantly residential community that’s almost ever been done (in the area).”

He said the only concept in the area slightly similar is Harbor Town along the Mississippi River with its various living options.

Duncan said the neighborhood “continues Boyle’s commitment to Collierville.”

Boyle aims to make the neighborhood walkable, with common open space as a distinct feature of the area.

The property has some old oak trees that Boyle plans to keep. They hope the neighborhood feels secluded away from bustling Poplar Avenue.

Developers also want some nonresidential development on the west side of the property just south of Poplar Avenue.

Schilling Farms has been two decades in the making. Boyle still has land zoned for offices. Binkley hopes another group like IMC Companies will make Schilling Farms its headquarters home.