Press Release

CBRE Assigned Office Leasing at 795 Ridge Lake Blvd. in East Memphis

29 1月 2020

795 Ridge Lake_Website

Memphis, TN – January 29, 2020 – CBRE has been selected to lease 795 Ridge Lake Blvd., a three-story, 54,469 sq.-ft. Class A office building in Memphis, TN.  The property is located in Ridgeway Center in the premier East Memphis submarket.  Silver Tree Residential purchased the property in November 2019 and plans to move its headquarters into the building later this year.  The property’s lobby, common areas, and elevator cabs were recently renovated with new modern finishes.  More upgrades to the exterior building, landscaping, signage, and parking lots are planned.

CBRE’s Patrick Reilly will be working with the Silver Tree Residential team to lease the building. Currently there is approximately 20,702 sq. ft. of available office space for lease, including the full second floor consisting of 18, 292 sq. ft.  

“We are delighted for the opportunity to lease this premier Class A office building in the heart of East Memphis. We know tenants will be impressed by the property’s available space, planned renovations, convenient location, and tenant identity signage on the exterior of the building visible by 140,000 vehicles per day,” said Mr. Reilly, vice president at CBRE.

According to CBRE Research, Memphis capital investment activity remained constant throughout 2019 with investors showing growing interest and confidence in the market. Strong interest in the East Memphis submarket continued in third quarter 2019 with lease commencements in the submarket totaling 77,559 sq. ft. 

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.