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 Name | Peabody Place (Retail Center) |
|---|---|
| Project Cost | $48,114,944 |
| District | Core |
| Type | Renovation |
| Developer | Belz Enterprises |
| Contractor | Belz Construction Services |
| Architect | LRK, Architects |
| SF Developed | 360,000 |
| Total MWBE | $23,716,781 |
| EBO Percent CTD | 1.00 |
| Status | Completed |
| Office SF | 340,000 |
| Retail SF | 20,000 |
| Approval Date | 2016-06-14 |
| Year Opened | 2017 |
PILOT Details
| Lessee | Peabody Place Centre, GP |
|---|---|
| Lessee Address | 100 Peabody Place Avenue, Suite 1400, Memphis, TN 38103 |
| Term | 20 Years |
| Approval Date | June 14, 2016 |
| Close Date | 12/31/2017 0:00:00 |
| Extension | 0 |
| Term Mos | 240.00 |
| Status From Date | Active |
| Expected Term Date | 12/31/2037 0:00:00 |
| Remaining PILOT Years | 13.26 |
| Pilot Documents | Instrument #16095872 August 1, 2016 - Sublease for Service Master headquarters Instrument #16095871 September 19, 2016 - Amendment to original Peabody Place lease |
CCDC Grant Details
| Grant Program | General Grant |
|---|---|
| Grant Recipient | ServiceMaster Global Holdings, Inc. |
| Grant Amount | $1,000,000 |
| Grant Status | Closed |
| Grant Approval Date | June 15, 2016 |
| Grant Approval Close Date | June 28, 2018 |