It's a Done Deal -- One Commerce Square Changes Hands, Clearing Way for Pinnacle's Landing

Summary


Downtown's biggest office deal in 15 years closed Thursday as investors bought One Commerce Square and locked in Pinnacle Airlines Corp. headquarters as anchor tenant.

By next Nov. 1, about 650 employees of Pinnacle's regional airlines will breathe new life into a building that had slipped to about 30 percent occupancy.

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It's a Done Deal -- One Commerce Square Changes Hands, Clearing Way for Pinnacle's Landing

Fittingly, it was a deal that never would have happened without the involvement of AutoZone founder J.R. "Pitt" Hyde III.

Hyde bucked the trend of office jobs migrating to Memphis' eastern suburbs when he

moved his auto parts chain's headquarters and 750 employees to Front Street in 1995.

He ste...

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