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VOL. 121 | NO. 194 | Tuesday, October 3, 2006

New Office Condo Development Borrows From Popular Residential Trend

By Amy O. Williams

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OLD, NEW WORLD: Michael Walker of JBHM Architects stands with developers Pam and Hall Jones and Realtor John Waddell of Crye-Leike Property Management Inc. outside part of the new The Courtyard office complex near FedEx's World Headquarters. -- Photo By Amy O. Williams

Developer Hall Jones has brought French Country to the city with his latest office project in Southwind.

The design of the new office building project on Player's Club Parkway mirrors that of the French Country-style architecture that has been popular with homeowners in recent years.

Commercial Realtor John Waddell said that is what sets the development apart from other office space in the area - near the intersection of Winchester and Hacks Cross roads - which includes the FedEx World Headquarters and the offices of Thomas & Betts Corp., DuPont Agricultural Products and Hilton Hotel Corp.

"In this area, it's very rare to find this quality in office space," said Waddell, the listing agent for the project and a broker for Crye-Leike Property Management Inc.

"It's the high quality of construction and the selections that were made for all the amenities with high quality construction to give it that French country feel. It's the quality you would expect to find in a high-end-home."

The French do it best

The Courtyard office condominium project is one of two projects developed by Hall Jones and his wife, Pam.

Two office building projects on Players Club Parkway
-----------------------------
THE COURTYARD:
Four office condos - 1,300 to 4,500 square feet
Architect: Michael Walker of JBHM
Architects
Developer: The Courtyards LLC, which includes Hall and Pam Jones
Contractor: Mike Murphy and Rob Hansom of H&M Development LLC
Listing agent: John Waddell of Crye-Leike Property Management Inc.
-----------------------------
PLAYERS FOREST OFFICE PARK:
30-acre planned office subdivision with 22 lots ranging from .5 acres to 1 acre
Developer: Fieldstone III Inc., which includes Hall and Pam Jones and R.A. Trippeer Inc.
Listing agent: John Waddell of Crye-Leike Property Management Inc.

The Players Forest Office Park is a 30-acre office subdivision directly behind the office condo project. Of the 30 acres in Players Forest, 12 were kept natural and will not be developed, Pam said.

The acreage was divided into five wooded areas throughout the development. Players Forest backs up to a Germantown subdivision. The entrance into the Courtyards and Players Forest will be a private, gated drive.

The Courtyard, which was completed last month, consists of four buildings ranging in size from 1,300 to 4,500 square feet. The two larger buildings were built in the image of French-style manor houses, while the two smaller buildings look more like cottages, said architect Michael Walker, principal of JBHM Architects PA. All four buildings face a fountain in the center of the parking lot. The effect produced by the shingled roof, combined with copper roofing over the windows and metal spires on each end of the buildings, is reminiscent of a village in southern France, Waddell said.

Although Walker designed the entire Courtyard project, he does not take full credit for the way the finished product looks.

"It's the way it's put together," Walker said. "It all goes back to Hall's and Pam's good taste."

Carving a ... nook

The couple got their inspiration while driving through some neighborhoods in the Memphis area, Pam said. They came back to Walker with the ideas they had in mind for the project, and he produced the drawings.

The buildings are only finished as shells, with concrete slabs around the interiors' perimeters and dirt floors in the middle.

"By selling them as shells, the buyer is able to price and finish it out the way they want," Pam said.

She and Hall will be completing one of the buildings themselves, with designs from Walker, so buyers are able to see what the other buildings might look like once they're completed. Pam compared the process to when someone shopping for a home is able to see it furnished ; it's easier to envision how the space might look.

The building being finished by Pam and Hall will be available to lease when the interior is completed.

Adjuvants Unlimited Inc., an agricultural chemical company with multiple offices in Germantown, bought a second building in The Courtyard development. Adjuvants paid $389,000 for the 2,800-square-foot building.

As for other tenants for The Courtyard, Pam said she already has heard from some physicians.

"We foresee professionals - accountants, physicians, lawyers - as being interested in The Courtyard," she said.

A big draw for the project is its proximity to the commercial area at Winchester and Hacks Cross roads.

However, the development's green space provides a buffer between the offices and the traffic of the nearby retail businesses and restaurants.

"From a business standpoint, it's great because you have a private nook carved out for you," Walker said.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 20,821
MORTGAGES 44 44 24,405
FORECLOSURE NOTICES 0 0 8,610
BUILDING PERMITS 0 0 42,337
BANKRUPTCIES 51 51 13,953
BUSINESS LICENSES 22 22 6,423
UTILITY CONNECTIONS 0 0 13,511
MARRIAGE LICENSES 23 23 5,092

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