Memphis Business Journal
By: Meagan Nichols
As work continues on one of Germantown’s largest developments, a seven-figure permit was just filed for a future office tenant.
A building permit valued at $7 million was submitted Sept. 7 for the soon-to-be headquarters of MAA — a real estate investment trust (REIT) that specializes in multifamily developments in the Southeast and Southwest U.S.
In 2016, MAA announced plans to relocate from its current offices at 6584 Poplar Ave. in Memphis to Gill Properties Inc.’s $90 million TraVure project, now under construction on Poplar Avenue near Kirby Parkway — just inside the Germantown city limits.
MAA occupies 43,000 square feet at its current offices, and the relocation will give the company 89,000 square feet.
“We are excited about this move and the ability to bring all of our Memphis-based employees into one location,” said Tim Argo, senior vice president of finance for MAA. “In addition to the office space, we also look forward to providing secured, covered parking for both employees and visitors.”
Argo said they expect to have the build-out finished in February, with MAA's 200 to 225 employees occupying TraVure by March.
Grinder, Taber & Grinder Inc. was listed as the contractor on the permit; MAA plans to use The Crump Firm for the design and architecture.
“The design concept is to be an open environment with a focus on collaboration areas,” Argo said. “We aim to have natural light in all spaces and a minimalist feel to the space.”
MAA, which has ownership interest in more than 100,000 apartment homes, was approved for a 15-year payment-in-lieu-of-taxes (PILOT) from City of Germantown in October 2016. In addition to office space, TraVure will house a Hilton Garden Inn and Home2 Suites and retail space.