IMC Companies Proceeds with Plans for New Collierville Headquarters
(Memphis, TN) – IMC Companies, a national leader in intermodal logistics, has been approved for a PILOT (Payment-in-Lieu-of-Tax) for its planned 75,000-square-foot corporate headquarters in Collierville, Tennessee. The three-story facility will be located in the office development area of Schilling Farms and is scheduled to be completed in the summer of 2021.
“We are excited about being in Collierville,” said Mark H. George, Chairman of IMC Companies. “This move will have tremendous value to our team members and their work environment.”
The new location offers easy access to walking trails, community centers, restaurants, shopping and a host of other amenities that will enhance quality of life for IMC Companies’ employees.
An estimated 152 jobs will be transferred to Schilling Farms. IMC Companies is the largest marine drayage company in the United States. The company was founded in Memphis in 1982.Read more
PILOT approved for IMC Companies relocation to Collierville
A 10-year payment-in-lieu-of-taxes (PILOT) incentive was approved that will move the headquarters of IMC Companies to Collierville.
The intermodal logistics company with operating units across the U.S. will leave its space in Lenox Park in the 385 Corridor and relocate to Schilling Farms.
The company will invest $18.3 million in a three-story, 75,000-square-foot facility for its headquarters. A release said the company hopes construction is complete by the summer of 2021.
It will be the biggest expense the company has made since it opened in 1982, according to the release.
Fleming Architects will design the headquarters and Linkous Construction will build it.Read more
Largest Memphis intermodal firm readies for Collierville move
With a 10-year tax break in hand, the largest intermodal firm in the area is moving forward with its plans to move from Memphis to Collierville.
As the Memphis Business Journal reported in November, IMC Cos. is planning to build a 75,000-square-foot headquarters office in Collierville’s Schilling Farms that it intends to occupy by summer 2021.
On Dec. 9, Collierville’s board of mayor and aldermen approved the company for a 10-year PILOT (payment-in-lieu-of-taxes), which had been approved by Shelby County Mayor Lee Harris on Nov. 18. (more…)Read more