July 22, 2015
Construction Begins on New Offices in Humphreys Center
– The Daily News –
Construction has started on a two story office building at 6305 Humphreys Blvd. in the Humphreys Center commercial development.
Data Communications Corp. has signed a contract for 25 percent of the 50,000 square foot building, said Mark Halperin, senior vice president of Boyle Investment Co.
A building permit valued at $2.8 million has been filed for the project with Shelby County Code Enforcement.
The building is expected to be completed in summer 1998.
Boyle, the developer of Humphreys Center, is the developer of the new building. The company will continue to own and manage it when it is complete.
The building, which will have a precast concrete and reflective glass exterior, was designed by Memphis architect Scott Fleming of Fleming & Associates. The general contractor for the project is Mid-America Construction Co.
Halperin said the new building will be the first the company has developed in Humphreys Center for corporate office use. The other four buildings in the park contain only medical office space, he said.
“We’ve had a lot of inquiries over the years for corporate office space on Humphreys, so we thought it was a good idea to go ahead and provide some,” he said.
Halperin said Boyle is negotiating with several prospects for office space in the building.
Lease rates in the building are about $20 per square foot.
Halperin said the company plans to build a twin building next door.
“We hope to start early next year, as soon as we get the leasing on this one in good shape,” he said.
The medical buildings in the park are fully leased, he said.
Humphreys Center is located at the intersection of Walnut Grove and Humphreys Boulevard in East Memphis.
“It’s a crackerjack location,” Halperin said. “It is immediately adjacent to RiverOaks, and it has great access to Germantown and I-240.”
In addition to office space, Humphreys Center also contains other commercial and retail properties, including a Hampton Inn, a Wendy’s restaurant and a Texaco gas station/convenience store.
Although about 15 acres are all that remain for development in the park’s main section, a large amount of land is still available in the park on the north side of Walnut Grove.
“There’s significant acreage still left in Humphreys Center,” Halperin said.