AEL Files Permit for Century Center Facility
ERIC SMITH | The Daily News
Rendering courtesy of Evans Taylor Foster Childress Architects
American Esoteric Laboratories has taken another step toward building a $14.3 million lab and headquarters for its Mid-South division. AEL, a regional provider of clinical laboratory services to physicians and hospitals, last week filed a $9.2 million permit to build a one-story, 70,000-square-foot facility at 1701 Century Center Parkway near the junction of Interstate 40 and Whitten Road. The company this week expects to close on a roughly 10-acre parcel of land from Boyle Investment Co., spending “plus or minus $2 million” on the property, said AEL president John Mazzei.
AEL, a division of Sonic Healthcare USA, has local roots that date back a half-century with the founding of Memphis Pathology Laboratory. That company was bought by AEL in 2007. The company now will begin a new chapter by consolidating its existing 33,000-square-foot building on Distribution Drive and 10,000-square-foot administrative office near Covington Pike, moving its entire Mid-South division into one space.
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AEL Buys Land At Century Center
American Esoteric Laboratories has formally bought the land where it will build a $14.3 million lab and headquarters for the company’s Mid-South division. AEL, a regional provider of clinical laboratory services to physicians and hospitals, paid slightly less than $2 million for 10 acres of land at 1701 Century Center Parkway near the junction of Interstate 40 and Whitten Road. The sale closed March 18. Whitten Partnership Ltd., an entity related to Boyle Investment Co., was the seller. Memphis Pathology Laboratory, the company’s former name, was listed along with AEL as the buyer.
AEL two weeks ago filed a $9.2 million permit to build a one-story, 70,000-square-foot facility. The goal is to begin the six-month construction project soon and be in the building by Nov. 1, company president John Mazzei told The Daily News for a recent article. AEL, a division of Sonic Healthcare USA, will consolidate its existing 33,000-square-foot building on Distribution Drive and 10,000-square-foot administrative office near Covington Pike, moving its entire Mid-South division into one space. Mazzei said the Century Center locale is ideal for many reasons including proximity to the interstate. The company currently is 15 or 20 minutes off the highway, which increases delivery time. Rusty Foster of Memphis-based Evans Taylor Foster Childress Architects is the architect of record for the project. Atlanta-based IDI, which has an office in Memphis, is the contractor. Jeb Fields of Commercial Advisors represented AEL in its site selection. For more about AEL’s plans, see the March 15 edition of The Daily News,
www.memphisdailynews.com.
Source: The Daily News Online & Chandler Reports – Eric Smith