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 Only2025 is almost over. Now is the time to support your trusted local news source.
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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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