Pinnacle Signs on as First Tenant in New Boyle Development

Financial services firm will move Memphis headquarters in fall of 2017

Pinnacle Financial Partners has signed on to be the first tenant in Boyle Investment Company’s new “Class A” office building at 949 Shady Grove.

Pinnacle also has signage rights and is the construction lender for the six-story, 155,000-square-foot building, which will serve as its Memphis headquarters in the fall of 2017. Construction will begin immediately.

Plans for the Pinnacle space call for two remote drive-through banking lanes and a drive-up automated teller machine (ATM). The 35,000-square-foot interior space will include a full-service banking office, conference rooms and signature Pinnacle design elements, including a Learning Center for meetings, workshops and use by community groups.

“As we continue to hire the best bankers and grow our operations in Memphis, we need more space to serve clients and the community,” said Kirk P. Bailey, Pinnacle’s Memphis chairman. “We are excited to put our mark on a first-class building in a highly desirable location.”

The 949 Shady Grove building is the first new multi-tenant “Class A” office building to be developed in Memphis since 2008. It is located on a highly visible 7-acre site directly across from the FedEx headquarters building and Boyle’s upscale Regalia shopping center in the heart of the East Memphis business district.

“We’re thrilled to move forward with this new building and to welcome Pinnacle as the first tenant,” said Mark Halperin, Boyle’s executive vice president and chief operating officer.

Founded in 1933, Boyle Investment Company is one of Memphis’ oldest real estate development, management and leasing firms and specializes in office, retail, industrial and high-end residential properties. More information is available at boyle.com.

Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The American Banker recognized Pinnacle as the third best bank to work for in the country in 2015.

The firm began operations in a single downtown Nashville location in October 2000 and has since grown to approximately $9.7 billion in assets at June 30, 2016. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in the state’s four largest markets, Nashville, Memphis, Knoxville and Chattanooga, as well as several surrounding counties.

Additional information concerning Pinnacle, which is included in the NASDAQ Financial-100 Index, can be accessed at www.pnfp.com.

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