Adams and Reese is pleased to announce that the law firm has signed a lease with Highwoods Properties, and after extensive renovations to the space, expects to relocate its Memphis office to the seventh floor of the Crescent Center before year end.
“We look forward to our move to one of the city’s most prestigious and recognizable buildings,” says Memphis Partner in Charge Jeffrey C. Smith. “The Crescent Center’s sleek appearance and unique features were important factors in attracting us.”
The Crescent Center is a nine-story, 337,000 sq. ft. building, located in the heart of the Poplar/I-240 corridor. The property features a granite and reflective glass exterior, granite flooring and a four-story atrium lobby.
“We are not only excited about our new office, we’re also optimistic about the additional growth opportunities for Adams and Reese in the Memphis market,” says Adams and Reese Managing Partner Charles P. Adams, Jr. “We have enjoyed much success here in the past seven years, and we see even more opportunities for growth on the horizon.”
Adams and Reese entered Memphis in 2006 as part of the firm’s strategic expansion plan to better serve its clients. The 10-year lease at Crescent Center further demonstrates the firm’s long-term commitment to the market.
Smith continues, “Our firm is deeply committed to Memphis, and although we were unable to negotiate an acceptable deal for Class A space downtown, it was important to us to remain inside the city limits. When we started looking elsewhere, the Crescent Center was quickly identified as the ideal choice, providing convenience for many of our clients who are located in the area, as well as an outstanding office environment for the firm.”
Transactions Practice Group Leader, James B. McLaren, Jr. who is resident in the firm’s Memphis office adds, "We are excited to continue our long term commitment to downtown Memphis and will maintain a downtown office for the convenience of our clients located there." McLaren continued, “We are still looking at properties and have not yet finalized our selection.”
According to Steve Guinn of Highwoods Properties, landlord for the Crescent Center, Adams and Reese will become one of the Crescent Center’s largest corporate tenants. “We are very pleased to have the prestigious Adams and Reese firm joining our list of premier customers,” said Guinn. The property offers many first class amenities for its tenants such as the Crescent Club, a private dining club located on the top floor, as well as others in the surrounding area, including two soon-to-open marquis restaurants, The Capital Grille and Seasons 52.
In addition to its Memphis office, Adams and Reese has offices in Birmingham and Mobile, Alabama; Columbia, South Carolina; Nashville (Downtown and Music Row), Tennessee; Baton Rouge and New Orleans, Louisiana; Jackson, Mississippi; Jacksonville, Tampa, Tallahassee, St. Petersburg, and Sarasota, Florida; Houston, Texas; and Washington, D.C.
Kemp Conrad, SIOR and Principal of Commercial Advisors, LLC (www.commadv.com/kempconrad) represented Adams and Reese in the transaction with Steve Guinn, Vice President Memphis Division of Highwoods Properties and Tony Argiro, Senior Leasing Agent. (http://www.highwoods.com/)