New owners investing $12M to make Clark Tower ‘relevant’ again
Jacob Biddle (left) and Shane Soefker are managing partners and co-owners of Clark Tower. (Patrick Lantrip/Daily Memphian)
An employee looks out the window of Clark Tower while on a work call. “You can’t get a view like this anywhere else,” co-owner Shane Soefker said. (Patrick Lantrip/Daily Memphian)
With 34 floors, the Clark Tower is one of the largest buildings in Memphis. (Patrick Lantrip/Daily Memphian)
Clark Tower casts an imposing shadow over the surrounding East Memphis landscape. (Patrick Lantrip/Daily Memphian)
The decorative concrete blocks that comprise Clark Tower’s garage walls have had some failures and will be replaced with a different, decorative material. (Patrick Lantrip/Daily Memphian)
The wood-paneled event space, which for years housed the private Summit Club, then the Tower Room restaurant, is now operated by a catering company for private events. The new owners want to reestablish daily lunches and happy hours and/or evening dinners for Clark Tower tenants. (Patrick Lantrip/Daily Memphian)
Jacob Biddle looks out a window while touring one of the Clark Tower's units that’s under construction. (Patrick Lantrip/Daily Mempian)
The Clark Tower’s sculptural, spiraling exit ramp in the garage will remain. (Patrick Lantrip/Daily Memphian)
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 OnlyAre you enjoying your subscription?
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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.
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