VOL. 115 | NO. 46 | Friday, March 9, 2001
By SUE PEASE
Industrial building underway near viaduct
By SUE PEASE
The Daily News
A new commercial building going up just outside Midtown in an office area near the Poplar Avenue viaduct may be the newest home for a logistics company.
The Acee Co., based in Fort Smith, Ark., has begun construction of a 96,000-square-foot light industrial building at 200 Collins St. as the third building in a complex started 14 years ago.
"We bought this property in 1986 and developed it when we felt the need was there," said Curtis Goldtrap, president of The Acee Co.
Construction costs are estimated at $2 million, he said. Mid-America Construction Co. is the general contractor.
The existing buildings on site are one story with a gray exterior and red stripe detail in the Acee Business Center Park complex between Poplar Avenue and Sam Cooper Boulevard.
Target date for completion of the new building is Memorial Day, Goldtrap said. Construction is on schedule even though inclement weather has interfered.
The contractor is expected to pour the slab this week, Goldtrap said.
"It has a long way to go. But still, were on schedule," he said.
Boyle Investment Co. handles all of The Acee Co.s leasing.
The business park houses office and warehousing-type businesses.
Companies leasing space in the complex include Onyx Medical Corp., Consolidated Electrical Distributors, United Medical, Allpoints Furniture and Pyramid Logistics Group Inc.
Pyramid currently occupies 12,000 square feet in the 174 Collins building plus 37,500 square feet in a facility near Elvis Presley Boulevard and Raines Road.
The company hopes to consolidate operations into the new 200 Collins building, said Pete McLoughlin, vice president of operations.
The logistics company has been in the courier and nationwide shipping business for seven years and has about 30 employees.
"If it picks up in Memphis, we will do a drive out anywhere in the continental U.S.," McLoughlin said.
"We do anything from a letter to a 45,000-pound shipment."
The company also warehouses and banks equipment parts and hopes to fill a minimum of 50,000 square feet in the new building. Contracts wont be final until April, McLoughlin said.
The central location in Memphis is a prime one for the company.
"Location wise it is pretty ideal for what we do," McLoughlin said.
Collins Street hooks into the Sam Cooper spur and drivers can reach the airport, East Memphis, West Memphis and eastern parts of Shelby County easily, he said.