June 26, 2015
Newest IP tower ready for occupancy
The East Memphis office skyline has a major new addition. The development referred to as Tower IV is now officially International Paper's Training and Conferencing Center, adjacent to the company's main campus on International Drive in East Memphis.
The 10-story, 250,000-square-foot tower and 1,000-car, four-story parking structure was the result of IP's 2012 acquisition and resulting integration of Austin-based Temple-Inland Inc.
Plans for the tower came to light when IP applied and received a $56.9 million payment-in-lieu-of-tax incentive from the Memphis and Shelby County Economic Development Growth Engine in December 2012.
For the full story from the Memphis Business Journal, click here.