nexAir to relocate headquarters
nexAir, a distributor of atmospheric gases and welding supplies, announced plans to relocate its headquarters to an historic location in Memphis.
The company signed a letter of intent to lease office space in Crosstown Concourse , the mixed-use re-development of the former Sears, Roebuck & Company Crosstown catalog order plant and retail store in Memphis. The 1.1 million-square-foot structure on Watkins Street is scheduled to open in early 2017.
“Our company was founded here in Memphis in 1940, and as we began to outgrow our current offices, we were looking to relocate somewhere that spoke to our city’s rich culture of innovation and creativity,” said Kevin McEniry, CEO at nexAir. “We look forward to moving to Crosstown Concourse and becoming a part of this exciting new community. Additionally, the vibrant new area will give our team members the opportunity to participate in the local music, arts and wellness scenes and further contribute to the revitalization of our city.”
After sitting vacant for more than 20 years, the former Sears Crosstown is being transformed into one of the largest historic adaptive reuse projects in Tennessee history. More than $200 million from philanthropic and private sources, as well as public funding, has been secured to complete the project. An estimated 3,000 people will pass through the building each day, making Crosstown Concourse a hub for commercial, artistic and civic activity in the city.
Construction of nexAir’s new offices at Crosstown Concourse is underway, and nexAir plans to move into the space in early spring of 2017. Approximately 65 employees will relocate to the new headquarters; nexAir fill plants, distribution centers and retail stores will not be affected by the move.