Smith & Nephew’s office campus in Memphis listed for sale

MEMPHIS, Tenn. (September 5, 2024) — JLL is pleased to announce that 7135 Goodlett Farms Parkway, Smith & Nephew’s world-class, 300,000-square-foot office campus located in the Memphis MSA, is for sale. As a headquarters-caliber building for Smith & Nephew, a leading medical technology company, the campus represents a rare investment opportunity to acquire a premier, move-in ready campus significantly below replacement cost. In addition to listing and marketing 7135 Goodlett Farms Parkway for sale, JLL Senior Managing Director Russ Westlake and Managing Director Jack Wohrman are assisting Smith & Nephew in its search for a new, long-term relocation in the Memphis area.

7135 Goodlett Farms Parkway is located in the Memphis MSA. Developed in 2003, the campus includes 269,000 square feet of premier office space, a 26,000-square-foot Tier IV data center and a 5,000-square-foot warehouse. The property features a modern glass and steel architectural design with a four-story atrium entrance, abundant natural light, premium finishes and state-of-the-art technology. Amenities include numerous private offices and executive suite space and convenient lounge and dining areas with a restaurant-grade kitchen, a 142-seat multimedia conference center, and high-tech security and building systems. Situated within a 56-acre, park-like campus with streams and walking paths, there are 31 acres of undeveloped land which allows the opportunity for future expansion.

“7135 Goodlett Farms is a prime opportunity for a user or investor to acquire a thoughtfully designed, well-located corporate campus in excellent condition,” said JLL’s Wohrman. “There are very few properties in the market that can compete with the location, quality, amenities and technological capabilities of the property. Additionally, the potential for onsite expansion and the building’s open and efficient floor plans offer the future owner a variety of redevelopment and reconfiguration opportunities.”

Smith & Nephew established its presence at 7135 Goodlett Farms Parkway in 2009. JLL is currently working with Smith & Nephew to finetune its facilities requirements in the Memphis area

As the second-largest city in Tennessee, Memphis benefits from a strategic geographical location on the east bank of the Mississippi River, allowing for unrivalled access to all primary transportation methods. Memphis is home to many corporate headquarters and regional outposts, including First Horizon, FedEx, Hilton Worldwide, International Paper, Sylvamo, Raymond James and more. 7135 Goodlett Farms Parkway is located within Memphis’s Northeast office submarket. According to JLL research, the submarket continues to experience significant leasing momentum as demand for high-quality space remains strong.

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