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VOL. 128 | NO. 225 | Monday, November 18, 2013

Legacy Wealth Management to Relocate Office

By Amos Maki

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Legacy Wealth Management Inc. is moving to the Renaissance Center.

The financial planning and portfolio management firm will take approximately 7,500 square feet in the building located at 1715 Aaron Brenner Dr., relocating from its current office at Atrium I.

“Legacy Wealth Management’s new location will provide us with the needed space for a growing firm,” said Legacy president and CEO Jim Isaacs. “Our staff is currently in divided space. So, our immediate goal was to lease offices where all of us share a common suite.”

With more than 700 clients across the country, Legacy Wealth Management has been in business since 1982. The employee-owned firm manages more than $950 million for its clients.

By relocating to Renaissance Center, Legacy Wealth Management takes advantage of current Class A rates, which could soon be on the rise. According to Cushman & Wakefield/Commercial Advisors’ office market report, asking rents started to flatten in 2013, reversing a five-year decline. East Class A rental rates have already increased $0.60 from their 2012 year-end average of $24.18 to $24.78.

Wyatt Aiken and Neely Mallory of Cushman & Wakefield/Commercial Advisors represented Legacy in the transaction, while Ron Kastner of CB Richard Ellis Memphis represented the landlord.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 95 460 14,043
MORTGAGES 101 520 16,304
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 198 1,098 29,161
BANKRUPTCIES 48 285 9,323
BUSINESS LICENSES 26 123 4,603
UTILITY CONNECTIONS 45 277 10,236
MARRIAGE LICENSES 18 96 3,352

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