ServiceMaster Global Holdings, Inc. is turning downtown Memphis’ former Peabody Place mall into its new global headquarters. The firm has hired general contractor Flintco to oversee the redevelopment, which is adjacent to the city’s landmark Peabody Hotel. Approximately 1,200 employees and contractors are expected to move into to the new building by the end of 2017.
The total project includes $35 million in renovations. ServiceMaster has committed to spending at least 20 percent of its cost with local minority- and women-owned businesses, but expects to exceed this goal. Flintco—well known for its work in Memphis and its diversity mentorships—will select and manage the various subcontractors as part of the build-out of ServiceMaster’s new global headquarters.
The property is one of the portfolio properties of Belz Enterprises, a leading real estate developer and property management firm with more than 60 years of history in the greater Memphis area. Belz Enterprises is currently managing exterior renovations and interior updates to repurpose the four-level, 328,000-square-foot structure into Class A office space using as many LEED standards as possible.
ServiceMaster owns American Home Shield (home warranties), AmeriSpec (home inspections), Furniture Medic (furniture repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control).