August 10, 2015
Construction Begins on Morgan Keegan Building Center
Boyle is developing a new 150,000-
square-foot office building in Ridgeway Center. Anchor tenant Morgan Keegan will occupy 50,000 square feet of space, and the remainder of the Class A space is available for lease.
Morgan Keegan plans to utilize the new space to consolidate a number of smaller departments and divisions currently located elsewhere in the East Memphis area. Additionally, Morgan Keegan will establish a new operations facility for its Morgan Trust Company subsidiary in the new building. Approximately 85 Morgan Keegan employees will move to the new building. The remainder of the building’s space is available for lease.
The new six-story office building will be located on an 8-acre site just south of the six-story Sedgwick building in Ridgeway Center. Like the Sedgwick building, the exterior of the building will consist of precast concrete and high-performance glass, and the public spaces will be upscale with Class A finishes. In addition, there will be one floor of parking underneath the building.
“We are pleased to be partners with Boyle Investment Company on this project. Morgan Keegan has had an office in East Memphis for 23 years, but the phenomenal growth of both our firm and the city has enabled us to expand our facilities in this area,” says Allen Morgan, Jr., Chairman of Morgan Keegan. “We are looking forward to the opportunity to provide both our clients and employees with a convenient and attractive place to conduct business.”
“This will be one of the most conveniently located Class A office buildings in East Memphis,” says Mark Halperin, senior vice president of office properties for Boyle. “The building will be highly visible from Poplar Avenue and will offer direct access to both the Poplar corridor and I-240. In addition, the building will provide some of the most attractive corporate office space in the area.”
The architectural firm for the building is Hnedak Bobo, which also designed the Sedgwick building, and construction will be handled by Mid-America Construction Company. The project is a joint venture between Boyle Investment Company and Morgan Keegan. Leasing and management of the new building will be handled by Boyle Investment Company.