MBJ: ServiceMaster moving headquarters Downtown

MBJ: ServiceMaster moving headquarters Downtown

Downtown Memphis is about to become home to another major corporation.

The ServiceMaster Co. (NYSE: SERV) is expected to announce Friday afternoon plans to move to Peabody Place, Memphis Business Journal has learned.

According to multiple sources, the company is holding a meeting for its employees at The Peabody Hotel Friday. The meeting will be followed by a press conference announcing the company’s plans to the public. Mayors Jim Strickland andMark Luttrell will reportedly be in attendance, along with representatives of the Downtown Memphis Commission.

As first reported by MBJ in March, ServiceMaster has been searching for options for it new headquarters inside and outside of Memphis, including Atlanta.

ServiceMaster moved its headquarters to Memphis in 2007 after the company received a 12-year PILOT for the current building on Ridgelake Boulevard in 2006. The company’s property tax PILOT expires July 31, 2020, while its personal property PILOT will be phased out, beginning in 2019. The company is expected to apply for a new PILOT.

ServiceMaster has renovated the floor in its existing headquarters that was vacated when TruGreen moved out of the building in February. TruGreen and ServiceMaster separated in late 2013.

The company’s pending move to Peabody Place will consolidate operations that are currently spread out among four facilities in the metro area.

During an interview with MBJ in January, Robert Gillette, ServiceMaster’s CEO, said his preference was to have the operations together in one building that would also help attract new talent to the city as it expands its operations.

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MBJ: ServiceMaster moving headquarters Downtown

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