Boyle Sees Opportunity in East Memphis

VOL. 129 | NO. 228 | Friday, November 21, 2014

Inked

Amos Maki

Memphis-based Boyle Investment Co. hopes to break ground next year on a new office building at its Ridgeway Center complex near Poplar Avenue and Shady Grove Road, according to company officials.

Were talking to prospects now, said Mark Halperin, executive vice president and chief operating officer at Boyle. Weve had a couple of close calls, and we hope well be able to start it in a reasonable period of time.

Halperins comments come as the availability of Class A office space in East Memphis shrinks. The vacancy rate for Class A space in East Memphis ended the third quarter at 2.9 percent, according to CB Richard Ellis Memphis.

Basically, all the Class A space is occupied, said Halperin. The true Class A buildings are very tight, so its a simple supply-and-demand issue.

Boyle has a 7-acre site at Shady Grove Road and Briarcrest Avenue that is cleared and ready for development. Halperin said plans call for a 175,000-square-foot office building there.

Helena Chemical headquarters at Schilling Farms

(Boyle Investment Co.)

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Boyle Sees Opportunity in East Memphis