Memphis Business Journal and Nashville Business Journal

By Stephen MacLeod

Memphis-based Boyle Investment Co. is the largest owner and operator of office space in the city as the company turns 90 years old.

The company has grown to be a large land and property holder in both Memphis and Nashville. Boyle is one of the largest developers in Nashville, with millions of square feet in office and retail.

The company isn’t done growing in either market, with plans underway for additional significant developments.

Franklin’s Popular Mixed-Use District Prepares for Addition of High-Profile Tenants,

More Community Gathering Spaces and Heightened Customer Experiences

The highly anticipated expansion of McEwen Northside, a 45-acre mixed-use urban district within Cool Springs, is on the horizon as construction begins on the site known as “Block E.” With an anticipated completion date of Spring 2025, Block E will take the McEwen Northside district to approximately 80 percent completion.

The 300,000-square-foot, $125 million expansion includes a nine-story, mixed-use building where high-profile tenants will activate dynamic office spaces and specialty retail storefronts and destination eateries will occupy the ground level. A new multi-level parking garage – conveniently connected to the state-of-the-art building via a covered walkway – will provide more than 900 parking spaces for visitors and employees.

Complete with interactive streetscapes and vibrant public art, Block E will be adjacent to McEwen Northside’s iconic Central Park, a thriving community gathering place. The block’s highly walkable and conveniently connected design continues to offer visitors a unique urban experience.

“With each addition to McEwen Northside, our focus is on enhancing the district’s well-earned reputation as a place for friends, families, and co-workers to enjoy time together,” said Phil Fawcett, Managing Partner of Boyle Investment Company. “In the busy hub that is Cool Springs, McEwen Northside is proud to present our residents and neighbors with opportunities for both work and play, including a truly unique mix of shopping and eating experiences, and we believe Block E will only strengthen McEwen Northside’s offerings as a premiere destination district.”

As McEwen Northside continues to evolve, the popular mixed-use district welcomes Designed Conveyor Systems (DCS) as one of the anchor tenants of Block E. The supply chain company specializes in designing and building material handling solutions for warehouse operations.

DCS will lease 46,000 square feet for its corporate headquarters, which will include a state-of-the-art, technology-enabled showroom, completely encased in a glass exterior.

“DCS understands that providing outstanding customer experience is fundamental to its industry leadership. By moving to McEwen Northside, DCS will have an exceptional setting to showcase its solutions and expertise. The advanced facilities will serve as a dynamic space for product demonstrations, meetings, and knowledge exchange, ensuring that customers receive focused attention and an enriching experience when engaging with DCS,” said Matt Ferguson, President of Designed Conveyor Systems.

Moreover, DCS values its employees as the driving force behind its ongoing success. The new lease at McEwen Northside will offer an inviting workplace designed to promote creativity, collaboration, and employee well-being.

DCS is excited about the opportunities that the McEwen Northside development presents. The move exemplifies the company’s dedication to prioritizing the employee and customer experience, fostering collaboration, and cultivating an environment that stimulates success.

There has been continued expansion throughout the year at McEwen Northside. New addition Finks, a fourth-generation, family-operated fine jewelry store, opened its doors in October 2023. Warby Parker, a lifestyle brand that offers designer eyewear while being a socially conscious business, opened at the end of September 2023. Soon to join the district are the group fitness gym Rumble Boxing (Fall 2023) and Blue Sushi Sake Grill. Pre-leasing has also begun for McEwen Northside Apartments Phase II. This exciting new apartment phase will add 428 more homes to the community, and hard hat tours have started for February 2024 deliveries. The Phase II experience features even better units, soaring amenities, another resort style zero entry pool and exciting new services like concierge and barista.

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 750,000 square feet of Class A office space, 113,000 square feet of restaurants and specialty retail, a 150-room business-class hotel, 770 luxury apartments, and upwards of 10 acres of beautifully designed green spaces to seamlessly connect the community.

Press

• NashToday
• WilliamsonSource
• ConnectCRE
• BizJournals
• ThewNewsTN
• WilliamsonHerald
• TheTennessean

The Commercial Appeal

By Jennifer Chandler

SOB has opened a location in Collierville.

The Memphis restaurant opened a new location in Collierville in the Schilling Farms development on Oct. 10 at 1329 W. Poplar Ave. It is the third location for the restaurant that started as “South of Beale” in Downtown Memphis.

“A lot of old regulars Downtown now have families in Collierville, so opening in this part of town seems right to us,” said Ed Cabigao, who owns the restaurant group with his wife, Brittany. “The area is growing, and we are excited to be a part of it.”

Here are three things to know about the new SOB restaurant.

A new look, with a nod to the past

“The restaurant definitely has a different aesthetic from the other two,” Ed Cabigao said. “The color palette harkens back to the original SOB with earthy tones like burnt orange and browns.”

The restaurant boasts a circular bar, as well as lots of booth seating. The restaurant also has an outdoor patio for al fresco dining.

At 3,900-square-feet, the Collierville SOB is the smallest of the three restaurants.

A new location, and a new menu

About three weeks ago, SOB rolled out a new menu at all its restaurants. The change was in anticipation of the Collierville opening.

“We brought back fan favorites,” Cabigao said. “The Duck Patty Melt, our Fried Pork Chop and our Gouda Mac-n-Cheese are all back.”

Since the Zaka Bowl has been such a popular menu item, Cabigao decided to add more bowls to the menu. Options now include a Shawarma Bowl (with grilled chicken) and a Carnitas Bowl (with shredded pork).

“Lola’s Bowl is a Filipino bowl with pork skewers, noodles and lumpia,” he said. “It’s inspired by what my mother used to make for us.”

From Downtown to Collierville — and what about that name?

Cabigao said when he was first approached about opening a location in Collierville, he didn’t know much about the neighborhood.

“We loved the building and the development that they are doing around it,” he said. “So, my wife Brittany and I did a lot of research and discovered that Collierville is a growing market. We decided that our concept would be well received there, so we moved forward.”

The Cabigaos opened their first restaurant, South of Beale, at 361 S. Main St. in the South Main Arts District in 2009. The restaurant always had the nickname “SOB” (short of South of Beale), and when the couple opened its second location, they started officially using the name SOB for the restaurants.

In 2020, the couple opened SOB East, its second location, at 5040 Sanderlin Ave. Then in 2021, the couple moved (and expanded) their Downtown restaurant to 345 S. Main St. The new space for the flagship restaurant is in a newly renovated historic building that was once the Ambassador Hotel.

The opening of the Collierville location is the fifth new project for the couple in 2023 alone. Earlier this year the couple bought The Liquor Store concept. After a remodel at the original location, a second of The Liquor Store opened in East Memphis in June. The couple also bought The Hen House on Mendenhall and Bangkok Alley in Collierville.

SOB Collierville will be open for lunch and dinner daily and for Sunday brunch.

SOB

Where: 1329 W. Poplar Ave., Collierville

Hours: 11 a.m.-9 p.m. Sunday-Thursday; 11 a.m.-10 p.m. Friday-Saturday.

Online: southofbeale.com

MEMPHIS, Tenn., October 18, 2023 – Boyle Investment Company (Boyle) is pleased to announce that Executive Vice President and COO Mark Halperin is the 2023 recipient of the Lifetime Achievement Award from the Memphis chapter of Lambda Alpha International.  Boyle has two previous Lambda Alpha Lifetime Achievement Award recipients:  J. Bayard Boyle, Sr. (1994), who founded the company in 1933 along with his two brothers, and Russell E.  Bloodworth, Jr. (2010), Executive Vice President, who has been with Boyle for 55 years.

Halperin joined Boyle in 1973 after graduating from the University of Tennessee and is celebrating his 50^th anniversary with the company this year. As Boyle celebrates its 90^th anniversary in 2023, Halperin leads the company’s commercial sales and leasing team, which has grown considerably and has never been stronger. Today, the team is comprised of 27 highly talented professionals with years of experience in development, leasing, property management, maintenance and space planning.

“I am humbled and honored to receive this award from Lambda Alpha,” says Halperin, who attributes his accomplishments in commercial real estate to the efforts of the Boyle commercial sales and leasing team, which operates 4 million square feet of office and retail space in the greater Memphis area. “We have always had a great team,” says Halperin, “but the group we have assembled after acquiring four additional ‘Class A’ office buildings in 2020 and hiring nine of the previous building owner’s employees is the most experienced we have ever had. We already had a tremendous group, and the new employees complement the skills of those already on our existing team.”

Halperin was hired by Boyle’s Co-Chairman Henry Morgan, Sr. in 1973.  “Mark has played a large part in the development and leasing of approximately 12 million square feet of commercial and office space,” says Morgan. “I don’t think our company would be as successful if we hadn’t had Mark with us over this long period of time.  Mark and I have had a lot of fun in the process of doing deals together, and I congratulate him in winning this Lambda Alpha Lifetime Achievement Award, which is greatly deserved.”

Founded in 1933, Boyle Investment Company is one of the oldest real estate development, management, sales and leasing firms in Memphis and is celebrating its 90^th anniversary this year. Even before the company was founded by Bayard Boyle, Sr., his father, Edward Boyle, developed the iconic Belvedere Boulevard in Midtown Memphis in 1907. The Boyle and Morgan families trace their origins back to John Overton, one of the founders of the City of Memphis. Boyle is known in Memphis for developing complex mixed-use projects such as Ridgeway Center, Humphreys Center, and Schilling Farms in Collierville, as well as for its high-end residential communities such as River Oaks and Spring Creek Ranch. In 2001, Boyle opened a Nashville office, which has grown from two principals to 32 employees and is actively developing major large-scale, mixed-use projects including Capitol View, Berry Farms, Meridian Cool Springs, McEwen Northside and CityPark.  Boyle’s real estate portfolio consists of more than eight million square feet of commercial space, multiple high-end residential communities, multi-family communities and extensive land holdings. For more information, visit https://boyle.com/

Established in 1930, Lambda Alpha International (LAI) is a land economics society whose membership includes architects, engineers, real estate developers, planners, government officials, professors, bankers, attorneys, and real estate consultants.  The LAI Memphis Chapter also installed eight new members and recognized three new University of Memphis student members at their annual banquet on September 13.  The chapter now has more than 150 members from all disciplines related to land economics and commercial real estate in our market area.   For more information, visit https://www.lai.org/

Memphis Business Journal

Bog & Barley is scheduled to open April 7 at the Regalia Shopping Center at 6150 Poplar Ave. in the former Great Wines & Spirits space.

The restaurant —owned by DJ and Jamie Naylor of Celtic Crossing Irish Pub & Restaurant — will serve elevated Irish fare.

Reny Alfonso serves as director of culinary operations for the Brazen Restaurant Group, which owns both Celtic Crossing and Bog & Barley.

Alfonso was the chef de cuisine at Chez Philippe from 2005 to 2010. After he left Memphis, he kept in touch with DJ Naylor.

“Even when I lived here, we talked about doing something together,” Alfonso said. “So, he flew me out to Memphis to look at the space. And that’s pretty much all it took.”

Alfonso said that the menu is designed to be authentic and modern.

“We all have in our minds what traditional Irish food is. It’s not necessarily what they eat over there. I wanted to take a modern approach to a lot of this food, and even a healthier approach. We just wanted to bring it up and make it fresher and more relevant to the times,” he said.

Dishes will include a pimento cheese toastie — a Southern take on the Welsh rarebit. They’ll have fish and chips, shepherd’s pie, corned beef made in-house, and oysters raised in British Columbia.

For dessert, there will be an apple cake, which Alfonso called a play on apple cake and tarte Tatin. They will also have a lemon posset and a Guinness chocolate cake with a coffee brown butter sauce.

“I looked at classic Irish dishes and attacked them one by one,” Alfonso said.

Bog & Barley will be differentiated from Celtic Crossing by the elevated cooking techniques. The kitchen will be led by chef Joel LeMay.

The 7,100-square-foot Regalia site underwent a $2.5 million renovation and has a capacity of 250. The booths, tables, chairs, and bars were sourced from Ireland.

Alfonso stressed that Bog & Barley will not be upscale.

“We’re not trying to make it fancy. We’re just trying to bring it up,” he said. “If you go to Ireland, you have your staple pubs, which is what Celtic Crossing is. And then you have your slightly elevated ones, which is more in line to a bistro.”

The restaurant will employ 100, and they are now busy putting finishing touches in the run up to the opening.

“The location sells itself,” Alfonso said. “It’s very beautiful.”

Les Binkley

Boyle Investment Company

Years in role: 11

Les Binkley joined Boyle Investment Co. in 2007, became Vice President in 2011, and has been Senior Vice President since 2022. He handles all aspects of real estate development for the firm.

In particular, he oversees the day-to-day for Boyle’s mixed-use projects and has taken a leading role as it has increasingly been involved in multifamily developments. Of note for Binkley are major projects in Collierville, such as Schilling Farms — including The Carrington and Carrington West — and Price Farms; East Memphis’ Ridgeway Center; Germantown’s Viridian Planned Development; and Fisherville Farms, stretching across Shelby and Fayette Counties.

Mark Halperin, EVP/COO, Boyle Investment Company

Mark Halperin is not often in front of the media, but he can get its attention whenever he wants it.  Halperin himself did make one headline this past year:  he was promoted to COO of the firm he has been with since 1973.  In 2018, Halperin helped land East Memphis a TIF district, despite it being opposed by some political heavyweights.  In his latest role at Boyle Investment Company, Halperin directs and oversees the operations of one of the region’s most powerful real estate firms, which has sizeable property portfolios in Memphis and Nashville.  In 2022, the company notably secured a hotel and South of Beale location in Collierville’s Schilling Farms and progressed toward a second phase of Williamsburg Shopping Center in East Memphis

.

The Commercial Appeal

By Dima Amro

Schilling Farms Planned Development plans to add a TownePlace Suites by Marriott in its Water Tower District.

The Collierville Board of Mayor and Aldermen on Monday unanimously approved a preliminary site plan for a four-story, 110-room hotel at the Schilling Farms development for phase 73.

Town Planner Jamie Groce presented the site plan to the board as well as a traffic study and building designs.

The 68,335-square-foot hotel will sit on about 3 acres south of Poplar Avenue and west of Schilling Boulevard West and will also include a pool and 108 onsite parking spaces with two electric vehicle charging stations.

The outside of the hotel will consist of brick painted white, and the inside will contain mostly suites. Based on a traffic study from 2018, the hotel will have minor impact on the roadways.

The hotel is a part of the 54-acre Water Tower District, a mixed-use development with plans for multi-family residential units, hotels, retail shops and restaurants.

Now developers Schilling Enterprises LLC must create a final site plan for planning commission and board approval, then the board must approve a development

agreement. Once the board approves of the agreement, the developer can begin construction.

A date for construction has not been set yet.

The Commercial Appeal

By Jennifer Chandler

SOB is headed to Collierville.

The Memphis restaurant is opening a new location in Collierville in the Schilling Farms development in the spring. It will be the third location for the restaurant that started as “South of Beale” in Downtown Memphis.

“A lot of old regulars Downtown now have families in Collierville, so opening in this part of town seems right to us,” said Ed Cabigao, who owns the restaurant group with his wife, Brittany. “The area is growing, and we are excited to be a part of it.”

The new restaurant will be at the intersection of Poplar Avenue and Schilling Boulevard. The restaurant space is around 4,000 square feet, just slightly smaller than the Downtown SOB. The restaurant will also have an outdoor patio.

Cabigao said he thinks that the 4,000-square-foot footprint will be “the sweet spot” for his restaurant concept. “We are making this be the prototype for any locations we may do out of town,” he said, adding that further expansion of the brand is their goal.

The building in Collierville is currently under constructions.  Cabigao said that “in the best case scenario” the restaurant will open in April.

Cabigao said SOB is launching a new menu in coming weeks.  The new menu will be served at both existing locations, as well as the new Collierville restaurant.

“We are bringing back some of our greatest hits,” said Cabigao, listing dishes like SOB’s Mushroom and Carnitas Bowl.

Aaron Petree with Retail Strategic Advisors represented SOB and Jonathan Aur Commercial Real Estate represented Boyle, the property management company and owner of Schilling Farms, in the lease deal.

Nashville Business Journal

Boyle Investment Co. has named both a new president and CEO and a new chairman, effective immediately. Matt Hayden has been appointed president and CEO. He succeeds Paul Boyle, who has been promoted to chairman.

Henry Morgan Jr. and Bayard Morgan have been named vice chairmen, and Bayard Boyle Jr. and Henry Morgan Sr. have been named co-chairmen emeritus.

Hayden’s promotion comes after rising in the ranks at Boyle. He joined the real estate company in 2014 as deputy treasurer and became its treasurer and CFO in 2016. Prior to joining Boyle, Hayden had prominent roles with Memphis companies Wunderlich Securities Inc., as a senior vice president, and at Morgan Keegan & Co., as a first vice president.

As Boyle’s CFO, Hayden oversaw the financial accounting and reporting on a large portfolio of investment properties, which included 150 real estate entities comprised of different investors.

“I never envisioned [being CEO] when I joined Boyle,” Hayden told Memphis Business Journal, a sister publication to the NBJ. “Working with the Boyle and Morgan families and the key executives here, one thing led to another. It was never in my mind that I’d be in this position, but I’m very grateful to be.”

Hayden sees himself in the role for a long time at a firm with a history dating back to 1933.

“While it’s a new step for the company [by] promoting me to president and CEO, there’s not going to be a major change, necessarily,” he said. “The company’s direction is to help our board and key executives continue to do what we’ve been doing, and try to grow stronger as a company over the next 10 years as we reach 100 years old.”

Memphis-based Boyle has 135 total employees, including more than 30 at its Nashville office. The company collectively manages 8 million square feet of commercial space in the Memphis and Nashville metros.

Phil Fawcett is the managing partner of the firm’s Nashville office. Its local projects include Capitol View and McEwen Northside, among others.

Brentwood Homepage

Boyle Investment Company has appointed Matt Hayden president and CEO.

Hayden will oversee the management, finance and operations of Boyle and its affiliated companies, Boyle Nashville LLC and Boyle Insurance Agency, with a total of approximately 135 employees.

Boyle Investment Company will celebrate its 90th anniversary next year, and Hayden will work directly with the company’s chairman Paul Boyle, vice chairmen, Henry Morgan Jr. and Bayard Morgan, and senior managers to continue to guide the strategic direction of the company.

Boyle oversees a number of properties in the Nashville area, including Berry Farms, Meridian Cool Springs, McEwen Northside and CityPark Brentwood in Williamson County.

Hayden joined Boyle in 2014 as deputy treasurer. In 2016, he was promoted to CFO and since then has overseen all finance, tax accounting and refinancing activities of Boyle and its affiliates, and played a major role in property acquisition/disposition decisions. Hayden also oversees the company’s investment fund, Midsouth Capital Fund, its investment committee, and its acquisition/disposition analysis of properties.

“For the past six years as CFO of Boyle, Matt has successfully handled a wide range of responsibilities that were extremely complex and involved the oversight of financial accounting and reporting for a large portfolio of investment properties, including 150 different real estate entities composed of different investors,” Boyle said in a press release.

“Matt has the experience, the ability to handle complexity, an exceptional analytical ability and the human touch to lead Boyle Investment Company to the next level,” added Bayard Boyle Jr. and Henry Morgan Sr., co-chairmen emeritus of Boyle.

“Since joining Boyle nearly a decade ago, Matt has contributed hugely to the company’s growth,” said Mark Halperin, executive vice president and COO of Boyle. “We are confident that Matt is uniquely qualified to oversee the operation and management of our Memphis office, now the largest office landlord in the Greater Memphis region, and our Nashville office, one of the largest private developers in the Greater Nashville area.”

Boyle now manages approximately 8 million square feet of commercial space in the Greater Memphis and Nashville markets. Boyle Nashville owns and manages almost 4 million square feet of office and retail space, as well as a projected 5 million square feet in the development and planning stages.

“Matt’s extensive experience prior to joining Boyle, and his deep understanding of our values and commitment to building community, make him the perfect candidate to lead Boyle into our 100th anniversary over the next decade and beyond,” said Boyle partner Phil Fawcett. “We are confident in the future of Boyle and our next generation of leadership with Matt at the helm.”

Prior to joining Boyle, Hayden gained a wealth of knowledge and experience in the areas of accounting, corporate finance, and mergers and acquisitions. He was previously a senior vice president with Wunderlich Securities, Inc., in the investment banking group, where he specialized in advising companies on mergers and acquisitions and capital-raising transactions in the financial services, industrial and energy sectors.

Prior to Wunderlich, he was a first vice president with Morgan Keegan & Company, Inc., where he specialized in transactions in the transportation, industrial and financial services sectors. Hayden also performed assurance and advisory services for public and private companies with Ernst & Young.

“I am humbled, honored and excited about this opportunity,” Hayden said. “Since joining Boyle, I have learned so much about the company, its operations and culture from a team of long-term industry executives who developed a significant amount of real estate in the Greater Memphis and Nashville markets. Along with the Boyle and Morgan families, these executives have been key in preparing me for this new role.”

Hayden succeeds Paul Boyle, who has served as president of Boyle since 2013 and has been promoted to chairman. Henry Morgan Jr. and Bayard Morgan have been named vice chairmen, and Bayard Boyle Jr. and Henry Morgan Sr. have been named co-chairmen emeritus.