18,000 square feet of office space absorbed with McDonald Murrmann, 911 District leases - Memphis Business Journal:

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has signed a sublease for 12,972 square feet of offic space in the Wolf RiverMedical Building, while the has signed a 5,200-square-foot leasd at Lenox Office Park. McDonald an all-female practice, is consolidatinvg into one space at 7205 Wolf River in which will openin April. The practicee currently has two locations, one at and one at . “Havinfg two locations has both blessingsand challenges,” says Margaret practice administrator. “It has some convenience for our patientsand doctors, but there are many more challenges with cost and In hard economic times, health care is hit just as hard as everyone else.
” One space offers efficiencies for the business, but the chanc to move into some high-en sublease space was also a factor, even if it meantr having to find a sublease tenang for its 5,834-square-foot space at Baptist Women’se Hospital. principal Mary Singer and broker Jill Schmitt representex McDonald Murrmann inthe lease. Schmitt had toured the which is located almostg in the middle ofMcDonalds Murrmann’s two current locations.
“I realized it was a good opportunityy for them to marry both of theier locations underone roof, cut costs and to have a beautifulp Class A space which someone else had spent a lot of moneyt building out,” she Pat Gamble, vice president of Memphis, and Lauraq Carpenter, associate with CB Richard Ellis’ , representedc the space lessee , Inc. , an entitg of the , owns the Wolf River Medicakl Building, a two-story, 50,400-square-foot building in the Wolf RiveerMedical Corridor. McDonald Murrmann’s leasee takes up half of the building’s groune floor. Gamble will marketg the remaining balance ofthe floor, 12,000 square for sublease beginning Feb. 1.
“It represents one of the only blockxs ofcurrently built-out medicap space in the Wolf Riverr Medical Corridor,” he says. Meanwhile, the Emergency 911 District of Shelbhy County is moving its administrative officee and other functions to 3150 Lenox Park Suite 108. The organization will also use the spacew for software training and other programsand seminars. “Ws were having to rent some space every time when we hostedctraining instructors,” Raymond Chiozza, executivde director, says. “Now we can hold it in our site The new space will alsohost twice-a-monthh board of directors meetings.
“This particular tenant is goingf to drive traffic into the Tracy Speake, managing partner of LLC, says. “They’ll have some peoplde get exposure to Lenox who mighg not have hadit otherwise.” Speake representec the tenant in the leasre while LLC senior leasing agent Bentlegy Pembroke represented the landlord, . The leasre is a positive for Lenox, a 683,000-square-foot office park in the 385 submarketr whichis 78% leased. “It’s positive, especiallu right now when we’re not seeing a lot of deals out therrover 3,000 square Speake says.
“For a 5,200-square-foot deal in this there is obviouslyheavy