Real estate brokerage firm CBRE announced it will be moving offices as part of a company-wide Workplace360 initiative.

CBRE’s new Memphis office will occupy 10,824-square-feet in the Triad Centre III building located at 6070 Poplar Avenue, which is almost half of its current 20,000-aquare-foot space at 2620 Thousand Oaks Boulevard.

“Since moving into our existing space 10 years ago, advances in technology have resulted in a different, more mobile way of working,” Frank Quinn, managing director of CBRE’s Memphis business said in a release. “Our new office will feature amenities that enable employees to truly embrace technology and collaborate more effectively. It will also demonstrate a new way of working to our clients and the Memphis business community.”

CBRE’s Kevin Adams represented the firm in the deal.

According to CBRE, its Workplace360 strategy is designed to promote flexibility, mobility and productivity through technology-enabled, 100 percent-free address and paperless offices.

Memphis will join approximately 60 other CBRE offices worldwide in transitioning to the Workplace360 model.

“From productivity and wellness, to engagement and recruitment, the workplace directly contributes to business results. Better business performance begins with better workplace performance, and at CBRE, we practice what we preach,” said Cicily Scharlach, program manager for CBRE’s Workplace360 initiative. “We will engage employees by forming committees focused on delivering an environment that supports the way they work in terms of flexibility and mobility, and the experience they want to have when they come to the office every day.”