Thursday, June 2, 2016

ServiceMaster May Be Moving Downtown

Posted By on Thu, Jun 2, 2016 at 9:13 PM

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ServiceMaster, the Memphis-based Fortune 1000 home-cleaning, maintenance, and pest control company, may be moving its headquarters into the old Peabody Place building, an informed source has told the Memphis Flyer.

The company is expected to hold a press conference on Friday to announce plans to renovate Peabody Place and move its offices there.

ServiceMaster moved their headquarters to Ridgelake Blvd. in Memphis in 2007 on a 12-year PILOT. The company had been looking at new options for its headquarters and had explored other cities, including Atlanta. Had the company moved out of Memphis, it would have been one of the biggest corporate losses since Holiday Inn moved its headquarters to Atlanta in 1991. ServiceMaster employs more than 2,000 workers in Memphis alone.

Earlier this month, the Flyer ran an opinion piece by local advertising firm founder Doug Carpenter urging the company to relocate their headquarters to downtown. The Peabody Place mall has been completely vacant since 2012, but it began dying a slow death around 2005 as various stores and the old Muvico Theater pulled out.

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