Boyle Announces Acquisition of Four “Class A” Office Buildings

MEMPHIS, TN – April 1, 2020 – Boyle Investment Company, through an affiliate
Poplar Corridor Investments, LLC, is pleased to announce the acquisition of four “Class
A” office buildings from Highwoods Properties, Inc. totaling around 600,000 square feet
which includes the Triad Centre and International Place II. This transaction is an
affirmation of Boyle’s long-term commitment to Memphis and expands the company’s
presence along Poplar Avenue from I-240 to International Drive.
In addition, Boyle has hired nine Highwoods employees who have been involved in
the operation and management of these four properties, and we are excited to
significantly expand our already talented and experienced team of real estate
professionals.
The new properties will fit seamlessly into Boyle’s existing portfolio given that they
are strategically located in the heart of the East Memphis business district where Boyle
currently owns, leases and manages a sizeable portfolio of commercial real estate.
Northwestern Mutual provided financing for the acquisition.
“Boyle has been working on this transaction since October 2019. Although the
closing has occurred during the current economic challenges posed by the efforts to
slow the spread of COVID-19 virus, we believe the long-term impact will be positive for
our community and city as these important assets will remain under local ownership and
management,” says Paul Boyle, President of Boyle Investment Company. “These four
new buildings are currently occupied by a wide range of businesses, both local and
national, and we are excited to welcome these tenants into the Boyle family.”
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.