‹ Back To Pilot Programs

Barrett Distribution Centers, LLC

Project Number: 20180302
Pilot Type: Jobs
Parcel ID: 09420000507
County Commission District: 12 | City Council District: 3

Summary

Barrett Distribution Centers, LLC was awarded an eight-year Jobs PILOT to encourage the company to create 74 net new jobs with an average salary of $44,217 excluding benefits and invest $22,100,307 at 6100 East Holmes Road.

Barrett Distribution Centers, LLC operates third-party warehouse and distribution centers. The company has one other facility in the Memphis market that has participated and performed well, in the PILOT program.

The company has considered multiple locations in three states for this operation. The expanded Memphis location will provide apparel distribution and order fulfillment for international clothing brands. Activities at this location will include full-carton and individual garment picking, as well as other value-added services.

EDGE Staff projects $3,285,033 in local total tax revenues to be received during the PILOT term of this project and an estimated $2,952,889 benefit to Barrett Distribution.

**Barrett Distribution's PILOT agreement was amended on January 16, 2019 to include an increase in both real and personal property investment along with an increase in new employees.**

PILOT Term:

10

Projected New Jobs:

166

Projected Retained Jobs:

Not applicable

Total Jobs:

166

Projected Average Payroll of New Jobs:

$40,539

Projected Average Payroll of Retained Jobs:

Not applicable

Annual New Direct/Indirect Payroll:

$6,729,474

Annual Retained Direct/Indirect Payroll:

Not applicable

Total Capital Investment:

$40,000,100
Real Property Investment:
$1,920,000

Personal Property Investment:
$11,330,000

Community Reinvestment Credit (CRC):
$26,750,100

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:

$8,512,346

Projected Taxes Abated:

$6,855,421
City: $2,995,819 (75%)
County: $3,859,602 (75%)

Benefit/Cost Ratio:

1.24

Projected MWBE/LOSB Spending:

$1,508,313

Incentive Provided:

$6,855,421

Compliance Information

Not applicable

Approved

3/21/2018

Ramp up Period

2

Closing

6/4/2018 (Real)

Effective

6/4/2018

Lease Begins

6/4/2018 (Real)

Lease Expires

6/4/2026 (Real)

Amended

1/16/2019

Property Details

Lease Began

6/4/2018 (Real)

Lease Expires

6/4/2026 (Real)

Barrett Distribution Centers, LLC

6100 East Holmes Road, Memphis, TN 38141