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One Service Master Center

Category: Projects

One Service Master Center

150 Peabody Pl
Memphis, TN

Renovation of the Peabody Place Mall into the global headquarters for ServiceMaster.

Property NamePeabody Place (Retail Center)
Project Cost$48,114,944
DeveloperBelz Enterprises
ContractorBelz Construction Services
ArchitectLRK, Architects
SF Developed360,000
Total MWBE$23,716,781
EBO Percent CTD1.00
Office SF340,000
Retail SF20,000
Approval Date2016-06-14
Year Opened2017


PILOT Details

LesseePeabody Place Centre, GP
Lessee Address100 Peabody Place Avenue, Suite 1400, Memphis, TN 38103
Term20 Years
Approval DateJune 14, 2016
Close Date12/31/2017 0:00:00
Term Mos240.00
Status From DateActive
Expected Term Date12/31/2037 0:00:00
Remaining PILOT Years13.52
Pilot Documents
Instrument #16095871
September 19, 2016 - Amendment to original Peabody Place lease
Instrument #16095872
August 1, 2016 - Sublease for Service Master headquarters

CCDC Grant Details

Grant ProgramGeneral Grant
Grant RecipientServiceMaster Global Holdings, Inc.
Grant Amount$1,000,000
Grant StatusClosed
Grant Approval DateJune 15, 2016
Grant Approval Close DateJune 28, 2018