Premium

New owners investing $12M to make Clark Tower ‘relevant’ again

By , Special to The Daily Memphian Updated: August 30, 2021 4:00 AM CT | Published: August 30, 2021 4:00 AM CT

Buying a 675,000-square-foot office tower for just $55 a square foot in a prime, East Memphis location gives the new owners latitude to spend a lot more money improving the building and adding tenant amenities.

Topics

Clark Tower Avison Young Shane Soefker Jacob Biddle office real estate Subscriber Only

Thank you for supporting local journalism.

Subscribers to The Daily Memphian help fund our not-for-profit newsroom of nearly 40 local journalists plus more than 20 freelancers, all of whom work around the clock to cover the issues impacting our community. Subscriptions - and donations - also help fund our community access programs which provide free access to K-12 schools, community organizations, and more. Thank you for making our work possible.

Tom Bailey

Tom Bailey

Tom Bailey retired in January as a business reporter at The Daily Memphian, and after 40 years in journalism. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He has lived in Midtown for 36 years.


Comments

Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here