ServiceMaster Global Holdings, a leading provider of essential residential and commercial services, announced it would move its global headquarters to downtown Memphis and occupy the former Peabody Place Retail Center, repurposing it into Class A, LEED-certified office space.
EDGE is pleased to work with the State of Tennessee, Downtown Memphis Commission, Tennessee Valley Authority (TVA), Shelby County Mayor Luttrell and City of Memphis Mayor Strickland, and the Greater Memphis Chamber to retain ServiceMaster’s global headquarters in Memphis and Shelby County while further strengthening Memphis’ downtown revitalization. ServiceMaster was awarded a 15-year personal property Expansion PILOT to retain 965 employees in the City of Memphis and relocate/consolidate its corporate headquarters at the vacant 315,450 SF former Peabody Place Retail Center located at 150 Peabody Place, Memphis, TN.
Total Capital Investment: $36 million
Projected Tax Revenue: $76.6 million
Total Employees: 965 employees