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Leed Gold Certified Class a Office Space Downtown Memphis, Tn an Iconic Structure Within the Memphis Skyline

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Leed Gold Certified Class a Office Space Downtown Memphis, Tn an Iconic Structure Within the Memphis Skyline LEED GOLD CERTIFIED CLASS A OFFICE SPACE DOWNTOWN MEMPHIS, TN AN ICONIC STRUCTURE WITHIN THE MEMPHIS SKYLINE One Commerce Square represents a landmark office address As the only multi-tenant LEED Gold certified building in Downtown, within the City’s CBD. With stunning views of the Mississippi River, the asset offers the signature amenities that premier tenants this Class A high-rise offering includes a 29-story office tower desire including 24-hour security, full service banking, on-site with a total of 391,440 rentable square feet of office space, a delicatessen, auditorium & conference center, structured parking, 4-story annex with 63,230 square feet of event space as well as and excellent walkability to an abundance of the City’s nationally an integrated 500-space parking garage. recognized attractions, hotels, restaurants, and shops. Since 2010, One Commerce Square has invested over $5.0 million in capital improvements including modernization of the elevators, new roofs on the office tower and annex, chiller replacements, LED lighting in the garage and numerous upgrades to the building lobby and common areas. REDEVELOPMENT PERCENTAGE OF PROJECTS ANNOUNCED/IN MEMPHIS PROGRESS/COMPLETED WORKFORCE DOWNTOWN 4 BILLION 20% DOWNTOWN POPULATION GROWTH SINCE 2010 9% DOWNTOWN DOWNTOWN RESIDENTIAL DAYTIME POPULATION POPULATION 24,665 82,804 BASS PRO SHOP ST. JUDE CHILDREN’S RESEARCH HOSPITAL RAYMOND JAMES FIRST TENNESSEE HEADQUARTERS MUD ISLAND CONVENTION THE MADISON THE EDGE CENTER THE PEABODY AUTOZONE PARK UNIVERSITY OF MEMPHIS LAW RIVERFRONT DEVELOPMENT CONCEPT FEDEX FORUM SERVICEMASTER HEADQUARTERS AUTOZONE HEAD1UARTERS ORPHEUM THEATRE MLGW HEADQUARTERS BEALE STREET BEALE STREET LANDING ENTERTAINMENT DISTRICT THE WESTIN HALLORAN CENTER FOR PERFORMING ARTS 266 LOFTS HOTEL CHISCA GIBSON GUITAR FACTORY & BEALE-STREET SHOWCASE LANDMARK ADDRESS One Commerce Square is the most visible structure on the Memphis skyline. The Property offers sweeping views of the Mississippi River and all of downtown Memphis. Tenants of One Commerce Square can easily access the City’s premier entertainment and sporting venues in- cluding AutoZone Park (AAA Baseball), the Orpheum Theatre, FedEx Forum, and the Beale Street Entertainment District. Additionally, within walking distance are the South Main Historic District, National Civil Rights Museum, and numerous dining and hotel accommodations includ- ing Memphis’ premier Four Diamond hotels: the Westin Hotel, the historic Peabody Hotel, the River Inn at Harbor Town and the Madison Hotel. MAJOR CORPORATE TENANTS GROWING DOWNTOWN: 1,200 Jobs 100 Jobs 1,000 Jobs 100 Jobs 1,800 Jobs DOWNTOWN MEMPHIS AREA DEVELOPMENTS AMENITIES The historical center of the Memphis MSA has seen a tre- Entertainment and nightlife continue to be a dominant downtown mendous surge in the revitalization of older neighborhoods as attraction for both tourists and residents. Downtown Memphis of- properties are being redeveloped into higher and better uses. fers the opportunity to experience an NBA game with theMemphis Within the past five (5) years, projects in the Downtown and Grizzlies at FedEx Forum, a Redbirds AAA baseball game at Au- adjacent Medical District amount to approximately $3.8 billion toZone Park, a Broadway show at the historic Orpheum Theater in investments including office, medical, hotel, residential, retail or experience the local music scene at the numerous clubs and and civic projects. Several notable projects are outlined below. restaurants of the Beale Street Entertainment District. Visitors can stay in one of Memphis’ premier Four Diamond hotels, such as the historic Peabody Hotel, the Westin Hotel, the River Inn at Harbor Town and the luxurious Madison Hotel. HIGHER EDUCATION RESIDENTIAL LIVING Downtown Memphis is home to numerous institutions of The Downtown residential market has experienced a revitalization higher learning, including The University of Memphis’ Cecil C. in recent years with an 8.62% population increase since 2010. Humphreys School of Law, University of Tennessee Health Drawing a diverse demographic of residents, ranging from young Science Center, Baptist Memorial College of Health Sci- professionals to retirees, the area offers numerous first-class ences, Southwest Tennessee Community College, Memphis restaurants, luxury hotels and entertainment amenities, as well as College of Art Graduate School and Visible Music College. an established and growing office market. Similarly, the multi-fam- Students and faculty of these schools offer strong support ily market consistently performs exceedingly well with a reported to downtown’s thriving residential market and entertain- 93% occupancy rate (per Downtown Memphis Commission) since ment district. Recently, the University of Memphis - Ce- 2010 even with increased inventory every year. This demand for cil C. Humphreys School of Law was ranked #1 on preLaw residential and multi-family product has led to more than $174 Magazine’s list of Best Law School Facilities in the nation. million in developments, either under construction or in the pipeline. FOR ADDITIONAL INFORMATION: Ron Kastner Senior Vice President +1 901 260 1050 [email protected] Austin Ehrat Senior Associate +1 901 260 4430 [email protected] © 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed onthis document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. PMStudio_January2019.
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