FedEx Logistics HQ
Category: Projects
FedEx Logistics HQ
145 George W Lee Ave
Memphis, TN
A renovation of the Gibson guitar factory & museum into the headquarters for FedEx Logistics. The headquarters will eventually house over 600 workers, and will feature ground-level retail.
| Property Name | Gibson Guitar |
|---|---|
| Project Cost | $62,522,503 |
| District | Core |
| Type | Renovation |
| Developer | Somera Road |
| Contractor | Grinder Taber Grinder |
| Architect | LRK, OGCB |
| SF Developed | 194,467 |
| Total MWBE | $11,342,503 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Office SF | 194,467 |
| Approval Date | 2019-02-12 |
| Expected Completion | 2020 |
| Year Opened | 2021 |
PILOT Details
| Lessee | Somera Road-Gibson Memphis, LLC |
|---|---|
| Lessee Address | c/o Somera Road Inc., 130 West 42nd Street, Suite 1001, New York, NY 10036 |
| Term | 22 Years |
| Approval Date | February 12, 2019 |
| Close Date | 7/26/2019 0:00:00 |
| Extension | 1 |
| Term Date | 2/3/2045 0:00:00 |
| Term Mos | 264.00 |
| Status From Date | Active |
| Expected Term Date | 2/3/2045 0:00:00 |
| Remaining PILOT Years | 21.38 |
| Pilot Documents | Instrument #19076680 July 26, 2019 - Amended and Restated Lease |
CCDC Grant Details
| Grant Program | General Grant |
|---|---|
| Grant Recipient | FedEx Logistics |
| Grant Amount | $1,000,000 |
| Grant Approval Date | February 12, 2019 |