DHL plans for $85.7 million Memphis to house logistics services for two companies
DHL Supply Chain plans to invest $85.7 million to build a Memphis campus that could create 255 jobs and house logistics services for two companies.
DHL is seeking local tax savings worth $19.8 million over a 13-year term for the development, according to a PILOT application submitted to the Economic Development Growth Engine (EDGE) for Memphis and Shelby County. It would be near the intersection of East Holmes Road and Tchulahoma Road, just north of the Tennessee-Mississippi line.
DHL wants to provide third-party logistics services at the campus for YETI Coolers and an unnamed life sciences company. However, YETI and the life science company could choose to keep the logistics services at locations they already have elsewhere in the U.S., per the application.
"Yeti maintains the option of staying in its current Texas location and the life sciences partner could stay in Illinois," an EDGE document stated. "If selected, the Memphis campus will provide logistics services for the two anchor partners and hold one land parcel for future development."
DHL Supply Chain plans to invest $85.7 million for a campus just north of the Tennessee-Mississippi state line in Memphis. DHL wants to provide logistics services for YETI Coolers at Site No. 3 and for an unnamed company at Site No. 2.
The development would create 255 new jobs with an average wage of $37,448 each, per the application.
The campus would have around 1.55 million square feet for the companies to work with. The application said 975,000 square feet would be to receive, load and ship YETI coolers, drinkware and apparel.
For the life sciences company, 570,000 square feet would be used to store products such as seeds, herbicides and insecticides. Those products would then be shipped to local co-ops and dealers in the Mid-South, per the application. The company "is working with DHL on improving their distribution network," according to a PILOT term sheet.
Steve Hess, vice president of real estate development for DHL, said a building permit filed Thursday was for "a speculative building" but did not provide further information.
