sherpa
Well-Known Member
http://memphis.bizjournals.com/memphis/stories/2008/11/03/daily32.html?ana=yfcpc
"....Both plans involve moving Colgan Air’s operations to Memphis. Pinnacle CEO Phillip Trenary told the IDB Thursday that the move would help the airline cut costs by operating both the companies subsidiaries in Memphis. Colgan is currently constructing a $7.5 million headquarters in Manassas. Trenary said if Pinnacle's board approved the Memphis expansion, the company would look to sell the Colgan facility.
Pinnacle, which employs 1,248, currently leases space at 1689 and 1785 Nonconnah Blvd.
Its Nonconnah option would involve leasing 130,000 square feet of space in this area. Also, the company would be looking to lease business continuity space, which could be used as back-up operational space in case of an emergency.
The Downtown option would mean leasing 130,000 square feet in an existing office building.
Pinnacle has been targeting the 475,082-square-foot One Commerce Square building at 40 S. Main for more than a year.
SunTrust Bank, Inc.’s lease for 170,000 square feet at One Commerce Square ends in January 2009, clearing the way for a Pinnacle move into the building.
This option also includes leasing business continuity space.
If Colgan moved its national headquarters to Memphis, it would mean the creation of 282 full-time jobs, many of them “decision-making officers,” according to the Industrial Development Board application. "The jobs we want to bring are very good jobs," Trenary said. "I fully expect a lot of these new jobs will come from Memphis.""
Eventually there is going to be integration of everything.
"....Both plans involve moving Colgan Air’s operations to Memphis. Pinnacle CEO Phillip Trenary told the IDB Thursday that the move would help the airline cut costs by operating both the companies subsidiaries in Memphis. Colgan is currently constructing a $7.5 million headquarters in Manassas. Trenary said if Pinnacle's board approved the Memphis expansion, the company would look to sell the Colgan facility.
Pinnacle, which employs 1,248, currently leases space at 1689 and 1785 Nonconnah Blvd.
Its Nonconnah option would involve leasing 130,000 square feet of space in this area. Also, the company would be looking to lease business continuity space, which could be used as back-up operational space in case of an emergency.
The Downtown option would mean leasing 130,000 square feet in an existing office building.
Pinnacle has been targeting the 475,082-square-foot One Commerce Square building at 40 S. Main for more than a year.
SunTrust Bank, Inc.’s lease for 170,000 square feet at One Commerce Square ends in January 2009, clearing the way for a Pinnacle move into the building.
This option also includes leasing business continuity space.
If Colgan moved its national headquarters to Memphis, it would mean the creation of 282 full-time jobs, many of them “decision-making officers,” according to the Industrial Development Board application. "The jobs we want to bring are very good jobs," Trenary said. "I fully expect a lot of these new jobs will come from Memphis.""
Eventually there is going to be integration of everything.