LEDIC Realty Company will locate its new national headquarters in Memphis, Tennessee. LEDIC, a fully integrated manager, owner, and developer of multifamily properties across the United States, will invest $10.2 million in a new state-of-the-art facility with plans to create 300 jobs.
Currently located at 2650 Thousand Oaks Blvd., LEDIC will relocate all of its national headquarters personnel and equipment to 555 S. Perkins Rd., a four-story, 60,000 square foot building. LEDIC officials made the decision to locate its national headquarters and training facility, a key feature of the headquarters location, in Memphis.
The company will retrofit and improve the space to create a state-of-the-art training facility housing classrooms configured with training technology and equipment. The training facility will educate not only LEDIC’s employees, but will also serve as a location to host large real estate association groups and expand real estate professional education.
LEDIC CEO Pierce Ledbetter stated, “LEDIC is honored to grow alongside our city’s roster of leading multifamily firms headquartered in Memphis…”
Approximately 100 of the new jobs will be based at the national headquarters while the remaining 200 jobs, which include management, construction, maintenance and leasing positions, will be distributed throughout the state.
“We want to thank LEDIC for choosing Memphis for its new national headquarters and for creating 300 new jobs in Tennessee,” said Governor Bill Haslam. “LEDIC’s expansion speaks to the quality of our state’s business environment and workforce, and we are grateful the company will continue to grow here. Today’s announcement supports our goal of becoming the No. 1 location in the Southeast for high quality jobs.”
“It is great to have a company like LEDIC making plans for a significant, $10 million investment in our city,” Memphis Mayor A C Wharton, Jr. said. “Their commitment to build a state-of-the-art facility to train and certify employees for the hospitality and property management industries indicates that these are important growth sectors for our local economy. We welcome LEDIC’s investment and look forward to their future growth here.”