MEMPHIS, Tenn.--(BUSINESS WIRE)--Epicenter announced today its primary office location is moving to the former Ground Floor space at 150 Peabody Place, in downtown Memphis.
Terminix Global Holdings, Inc., will sublease the 20,000-square-foot space to Epicenter, the greater Memphis region’s nonprofit entrepreneurship hub. Epicenter’s current offices are located at 902 S. Cooper St., where it has operated since 2017.
“Epicenter’s economic development mission is to foster a culture of inclusive innovation and to grow entrepreneurship in our region. As we plan for returning to, most likely, a hybrid remote/in-person work environment, we strongly believe that accessible, welcoming spaces in which we collaborate and convene our entrepreneurial community will still be essential to economic growth,” said Jessica Taveau, Interim CEO, Epicenter. “The incredible location and additional square footage of Peabody Place allows us to host ecosystem partners, incubate businesses, and convene educational programs and networking events at a larger scale.”
“Terminix has a long history of innovation which dates back to the founding of the termite control industry, and we are honored and proud to offer this unique space to such a great partner in our community,” said David Dart, chief human resources officer of Terminix. “The Ground Floor space was originally designed as a community hub for innovation, collaboration and vitality, so partnering with Epicenter to grow the local entrepreneurial ecosystem fulfills that vision and investment. We are also grateful to Belz Enterprises for their support and partnership as this great space is energized.”
As part of the transition, Epicenter will wind down its traditional coworking program at the Cooper-Young location, which provided flexible workspace for entrepreneurs, freelancers, remote workers, and nonprofit organizations. While many of the coworking members have been working from home over the last 12 months, Epicenter kept its space open to members at no charge. Epicenter staff is working with remaining members to find alternative workspaces in the region.
“When we started operating in the space four years ago, we were one of the few coworking locations in the region,” said Taveau. “We’re thrilled to see many coworking spaces launch over time, and we will continue to support this network of spaces as a key part of our entrepreneurship ecosystem.”
While the organization plans a phased return to in-person work, it will announce plans to offer space to partners and companies in the near future. The organization also will continue to partner with neighborhood and community organizations to deliver and distribute accessible entrepreneurial services to citizens across Shelby County.
The terms of the sublease are not disclosed.
Epicenter leads the connected and collaborative entrepreneur ecosystem in the Memphis area. Using a systems approach, Epicenter drives strategy and measures impact among a network of economic development, academic, corporate, and government partners to increase support to new and existing tech startups, creative and community-based businesses, student entrepreneurs, and others across industries and stages of growth. Epicenter and its partners connect these entrepreneurs and their innovative ideas to programming, capital, customers, and talent in order to create a just, inclusive, and growing economy that accrues to all Memphians. More information is at epicentermemphis.org.
Terminix Global Holdings (NYSE: TMX) is a leading provider of residential and commercial pest control. The company provides pest management services and protection against termites, mosquitoes, rodents and other pests. Headquartered in Memphis, Tenn., with more than 10,500 teammates and 2.8 million customers in 24 countries and territories, the company visits more than 50,000 homes and businesses every day. To learn more about Terminix, visit Terminix.com or LinkedIn.com/company/terminix.