Officials from IMC Companies, the nation’s largest marine drayage company, and Tennessee Governor Bill Lee cut the white ribbon Wednesday to celebrate the grand opening of IMC’s new $23-million corporate headquarters at Boyle’s 443-acre Schilling Farms mixed-use community in Collierville, Tennessee.

“This is a great day at IMC,” said Mark George, chairman of the company. “It’s not just a building, it’s a 40-year celebration for our company.”

George revealed that IMC recently exceeded $1 billion in revenues and is now the 38th largest trucking company in the United States.

Nearly 150 employees, families, friends and state and town officials gathered in front of the new IMC headquarters at 1305 Schilling Blvd. West for the ribbon-cutting ceremony welcoming the intermodal logistics company to Collierville.

George founded IMC in 1982 to provide services including marine drayage, expedited services, truck brokerage, warehousing and more. Boyle is pleased to welcome IMC to Schilling Farms, which is already home to a number of corporate headquarters facilities including Helena Agri-Enterprises, Mueller, MCR Safety, and Juice Plus.

Schilling Farms has definitely reached its goal of becoming the preferred location for office headquarters facilities in the greater Memphis region. These companies are choosing Schilling Farms for its walkability and great mix of office, residential, retail, medical and recreational uses all conveniently located in one community.

Memphis Business Journal

By: Stephen MacLeod

Construction on Evolve Bank & Trust’s new East Memphis headquarters is getting underway, according to a filing with the Memphis and Shelby County Division of Planning and Development.

A commercial alteration permit shows that Evolve’s new HQ will involve renovations to the entire third floor and part of the second floor of Triad Centre I at 6000 Poplar Ave. Evolve previously spoke to MBJ in November about its plans to lease 42,000 square feet there for its new headquarters.

Grinder, Taber & Grinder will be the project’s general contractor and the work on the new space is estimated to cost $4.1 million, per the permit. Evolve previously told MBJ that LRK is serving as architect on the project.

LRK also designed AutoZone’s Downtown headquarters, Orion Federal Credit Union’s headquarters, and FedEx World Headquarters Building I.

Permit drawings from the filing show a largely open office on the second floor with two break areas, storage, and five offices.

The permit drawings for the third floor, which makes up a bulk of the total square footage, shows a somewhat mirrored approach on both sides — centered around an elevator lobby and boardroom.

Flanked by the boardrooms will be two executive offices. On the left adjacent to one executive area will be another office, a conference room, and a mailroom. On the right adjacent to the other executive office is a kitchen and media center.

At three corners of the third floor are “collaboration areas,” with a large break room taking up the final corner. The remainder of the floor plan is open office space, with rooms containing slightly over a dozen offices and storage spaces sprinkled throughout. The floor plan also calls for eight conference rooms on the third floor.

Evolve spoke to MBJ about the importance of building for what employees wanted.

“It’s important for folks [to have] an environment that flows together and is not siloed,” Thomas Holmes, Evolve’s chief marketing and communications officer said in November. “There’s going to be very minimal walls. Most of the offices will be glass. A more open collaborative space is what the employees asked for.”

Joe Muer Seafood and Andiamo Presto, two concepts owned by the Joe Vicari Restaurant Group, are set to open their first Tennessee locations in January 2023 at Capitol View, the mixed-use urban district in downtown Nashville, developed by Boyle Investment Company.

Joe Muer Seafood, an iconic Detroit staple, and Andiamo Presto, a new casual concept from the Joe Vicari Restaurant Group, will have separate, unique dining rooms and patios but share a kitchen in the 12,000 square-foot restaurant space.

Both restaurants will be located at the 500 11th Ave. North Block building home to HealthStream, Nashville Area Chamber of Commerce, and the Nashville Convention and Visitors Corp. The award-winning Joe Vicari Restaurant Group has been based in Metro Detroit for over 30 years, and the expansion to Nashville is the brand’s first move into the Tennessee market.

Joe Muer Seafood, a staple in Detroit since 1929, will offer an upscale dining experience serving fresh seafood, premium aged meats, free-range hormone-free chicken, and an award-winning wine list. Andiamo Presto, a new take on the classic Andiamo Italia restaurant, will feature a relaxed, casual atmosphere paired with the handmade pasta, soups, and salads for which the brand is known.

“We felt it was time to take our ideas, concepts, and menu items and expand them outside of Michigan,” said Joe Vicari, president of the Joe Vicari Restaurant Group. “It’s a big step; but we are excited to be doing so in Nashville, which has shown extraordinary growth over the years and has the demographics to support the concepts for our restaurant brands. Capitol View checked all the boxes of downtown access with a true neighborhood feeling. We look forward to serving the Nashville market an exemplary dining experience complete with exceptional food and drink choices in a gorgeous ambiance.”

The district, which is easily accessible from the downtown core and the surrounding Nashville neighborhoods, has been the location of choice for many first-to-market brands, including VICI, Condado Tacos, VSL Nails, Central BBQ, and the addition of Joe Muer Seafood and Andiamo Presto.

“We’re excited for Nashville to get to experience the Joe Vicari Restaurant Group,” said Mark Traylor, partner at Boyle Investment Company. “Their ability to weather the COVID storm shows their acumen and prowess as restaurateurs, and we’re proud that they chose Capitol View for their expansion. The combination of classic Nashville staples and highly successful brands from other markets opening their first locations in Nashville makes the Capitol View project unique.”

Joe Muer Seafood and Andiamo Presto will join tenants including M.L.Rose, SVM Boutique, Starbucks, Clean Juice, Pokéworks, Jón Alan Salon, Sercy + Co., Club Pilates, Massage LuXe, drybar, and HOTBOX.

Quote: “Capitol View checked all the boxes of downtown access with a true neighborhood feeling. We look forward to serving the Nashville market an exemplary dining experience complete with exceptional food and drink choices in a gorgeous ambiance,” said Joe Vicari, president of the Joe Vicari Restaurant Group.

Links:

Capitol View slated for two Detroit restaurants | Retail | nashvillepost.com

Detroit-based Joe Vicari Restaurant Group expands to Nashville with two Capitol View concepts – Nashville Business Journal (bizjournals.com)

MEMPHIS, TN – December 13, 2021– Boyle Investment Company (Boyle) has acquired two parcels in the city of Germanton, Tennessee.  The first is a 52.41-acre lot along Winchester Road between Forest Hill Irene Road and Houston Levee Road.  The property is bordered by Winchester Road on the north, Crestwyn Hills Drive on the south and east, and Tyndale Drive on the west.  The second parcel is a 2.75-acre corner lot at the southeast corner of Forest Hill Irene Road and Crestwyn Hills Drive.

Both parcels are zoned T-5 Smart Growth in Germantown, which is a mixed-use zoning designation that permits a multitude of land uses such as retail and restaurants, office, hotel, and various residential types ranging from apartment buildings to single family detached housing.

“The City of Germantown has been eager to find a master developer to carry out their vision created in the Forest Hill Height Small Area Plan,” said Les Binkley, Vice President of Boyle.  “This acquisition puts us squarely in the heart of the plan.  We look forward to working with the city to carry out the plan as we feel we are in a unique position with our history of development in Germantown.  We also bring a wealth of expertise in developing large-scale, mixed-use communities.  It is Boyle’s goal to create a neighborhood that stands the test of time.”

Boyle Investment Company is one of Memphis’ oldest real estate development firms specializing in office, retail, mixed-use and residential properties.  Founded in 1933, our services include development, management, sales, leasing and insurance.  Visit us on the web at www.boyle.com.

The Commercial Appeal

By Dima Amro

Town Is Seeing Growth from New Developments

Collierville developments continue to make progress this year, despite the ongoing COVID-19 pandemic.

The Collierville Board of Mayor and Aldermen approved multiple projects in the last 10 months. Now, more companies, dwellings and attractions are headed to the town.

Here is a look at three of Collierville’s biggest projects and where they stand.

Schilling Farms Water Tower District

The board of mayor and aldermen in September approved the first phase of the Water Tower District, a mixed-use development south of Poplar Avenue.

The first phase includes 2,193 square feet of retail space and 259 rental dwellings — 27 buildings with 110 one-bedroom units, 95 two-bedroom units and 54 three-bedroom units.

The residential side is located along Schilling Boulevard West between Poplar Avenue and Winchester Boulevard.

Les Binkley, vice president of Boyle Investment — the project’s developer, expects phase one construction to begin this year and could last about two years.

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.

Town Administrator James Lewellen said the Schilling Farms area offers a big commercial impact to the town and it is still growing.

“It’s big,” Lewellen said. “For the whole district we’re looking at other possibilities for commercial and additional office growth.”

The area has been in the works since the 1990s and more commercial, office and residential developments are underway.

The Farms at Bailey Station

Some seniors can expect to move into the first round of apartments at The Farms at Bailey Station in late fall, said Thomas Becher, spokesperson for the Farms.

The Farms, a $290 million senior living community in Collierville, will allow residents to move into some of the 176 apartments Nov. 15, and by the end of the year, 25 of 63 homes will be occupied.

“It is huge, an amazing project,” Lewellen said. “Every time I drive by it I look at it and say, ‘That’s big.'”

Retirement Companies of America develops and manages the Farms, which is for adults 55 and older and includes housing, a three-story clubhouse and a health campus.

Lewellen said the retirement facility attracts more people to Collierville.

The Jordan River Health Center, an onsite medical campus, is nearing completion and will open soon, Becher said.

The health campus features 60 private nursing suites, 52 private assisted-living suites, 32 memory care suites for patients with dementia and Alzheimer’s, and 4,300 square feet of inpatient and outpatient rehab facility.

The medical facility is available to anyone but members of The Farms at Bailey Station are a priority.

The development will be fully constructed by 2023.

Town Square parking garage

In July, the board unanimously approved a $1.1 million purchase agreement to acquire approximately an acre of land north of the historic Town Square to potentially add a parking garage.

This agreement began the board’s due diligence period of 120 days to determine if the site is appropriate for the garage. But after looking at another piece of land on Washington Street, east of the square, they may back off the deal, Lewellen said.

The town owns the parking area at 177 Washington St., and the board is concerned about purchasing new land when another area is only a couple minutes farther away, Lewellen said.

Currently, the land north of the square is vacant but a 55-room hotel, event center and restaurant are planned for the area to the right of it. The parking garage will complement the project, the debate is whether the garage will be right next to the hotel or about 500 feet away on Washington Street.

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

Boyle’s renovation of the west side of Williamsburg Village in East Memphis has proven to be extremely popular with patrons enjoying the new restaurants and shops.  The renovation includes the area from the railroad south, and the reconstruction involved the demolition of the two southernmost buildings.  Constructed in their place is a 9,000-square-foot multi-tenant building in which all facades maintain the traditional Williamsburg style of architecture.  New roofs, windows, sidewalks, landscaping and parking lot are breathing new life into the center and have made it like new.  New tenants include Southall Café, Torchy’s Tacos, Henhouse Wine Bar, Crumbl Cookies, Greys Fine Cheeses, Mrs. Post, Shelby Jewel and London & York.  Longstanding tenant Benjamin Moore Paints is still as popular as ever.  Boyle leasing agent, Jonathan Aur, reports that traffic at the center has been tremendous, so stop by today and enjoy new retail and dining experiences unique to the greater Memphis area.

Directions

ABOUT THE DEVELOPMENT

Williamsburg Village Shopping Center

The renovation and reconstruction of Williamsburg Village Shopping Center is complete. Boyle renovated the area from the railroad south, demolished the two southernmost buildings and constructed in their place a 9,000-square-foot multi-tenant building. All facades maintain the traditional Williamsburg style of architecture. New roofs, windows, sidewalks, landscaping and parking lot are breathing new life into the center and have made it like new.  An exciting mix of restaurants and retail includes Torchy’s Tacos, Henhouse Wine Bar, Southall Cafe, Crumbl Cookies, Greys Cheese Shop, Mrs. Post, London & York, Shelby Jewel, and Benjamin Moore Paints.   A wood privacy fence has been constructed at the rear of the property on the property line. Boyle is excited about this project. Contact Joel Fulmer at (901) 766-4206 or Jonathan Aur at (901) 766-4216 at Boyle for more information.

The Daily Memphian

By Abigail Warren

The Collierville Board of Mayor and Aldermen has approved the first phase of the Water Tower District that includes 259 new apartments at Schilling Farms.

The board on Monday night endorsed the final development plan for the mixed-use project with retail components to go with the apartments. There was no discussion before the 5-1 vote in favor of the plan, Alderman Billy Patton casting the opposing vote.

Schilling Farms’ outline plan was initially approved in 1991, but amended in 2009 to allow for mixed-uses within buildings providing flexibility while creating pedestrian-friendly neighborhoods.

Schilling Farms has 1,180 apartments on site south of Poplar and west of Byhalia Road. The 2009 outline plan allows a maximum 1,725 multifamily units within the 443-acre property. If the board denied the project Monday, the decision could have resulted in legal fees, due to previous approvals a dozen years ago.

The proposal Monday for 16 acres also didn’t change substantially from a preliminary plan the mayor and aldermen approved in December.

The plan for the first phase includes 110 one-bedroom units, 95 two-bedroom apartments, and 54 three-bedroom residences. Based on previous approvals, developers have rights for an additional 286 apartments inside the Water Tower District in a later phase. Developers plan varying styles of rental units including duplexes, triplexes and town homes.

“I think it’s going to be a very special community, very walkable and organized,” Rusty Bloodworth, Boyle’s executive vice president, said.

In 53 years of development, he said the project took between two and three times more thought than anything else in his career.

The neighborhood will be centered around an old-fashioned water tower similar to one on the site when it was a working farm decades ago.

“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.”

The leasing office and amenities for residents are planned for the center of the development in the phase. There is also some retail space in the first phase.

No residents spoke at the Collierville meeting regarding the project, but a common concern attached to development is traffic. An analysis by Kimley-Horn said traffic impacts should be minimal. Engineers suggested retiming the traffic signals on Poplar Avenue at Shea Road and Poplar Avenue at Schilling Boulevard West in a future phase. Last month, the board also approved an agreement for an eastbound right turn lane at Poplar Avenue and Schilling Boulevard West.

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.

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.