Centennial Lands Deal On Location

Summary


The folks at Centennial Partners LLC are moving from one posh office building in East Memphis to another - at below-market prices.

While other firms are paying record rental rates for Class A space along the Poplar corridor, Centennial, a Memphis-based hedge fund-of-funds manager, will leave the Crescent Center and take 5,000 square feet at International Place Tower 2 through a creative sublease with Morgan Stanley .

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Extract


Centennial Lands Deal On Location

The going starting rate in the building on a direct basis is in the $28- to $29-per-square-foot range with fixed increases occurring every year of a ...

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