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Cherry Tree International Corp.

Project Number: 20190801
Pilot Type: Fast Track
Status: Approved
Parcel ID: 09410000153, 09410000155
County Commission District: 11 | City Council District: 03, 08


Cherry Tree International Corp. was awarded a ten-year Fast Track PILOT to encourage the company to create 25 Net New Jobs with an average base salary of $28,877 excluding benefits and invest $9,246,163 in the City of Memphis.

Cherry Tree International Corp. is a U.S. based subsidiary of Shanghai Lowen Group, a privately held e-commerce company based in China. The company provides high-quality, low-priced products direct from manufacturers to consumers through online marketplaces such as Amazon, eBay, and Walmart. The company specializes in pet products, sporting goods and furniture. Cherry Tree International is evaluating locations in the central United States with strong logistics assets in order to expand its free 2-day shipping capacity to 95% of the U.S. population. The proposed Memphis distribution facility would be the company's third location along with one in California and another in Delaware.

EDGE Staff projects $1,528,148 in local total tax revenues to be received during the PILOT term of this project and a $1,708,060 benefit to Cherry Tree International.



Projected New Jobs:


Projected Retained Jobs:

Not applicable

Total Jobs:


Projected Average Payroll of New Jobs:


Projected Average Payroll of Retained Jobs:

Not applicable

Annual New Direct Payroll:


Annual Retained Direct Payroll:

Not applicable

Total Capital Investment:

Real Property Investment:

Personal Property Investment:
Not applicable

Community Reinvestment Credit (CRC):

Capital Investment not in PILOT:

Projected Tax Revenue:


Projected Taxes Abated:

City: $746,422 (75%)
County: $961,638 (75%)

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable



Ramp up Period



12/31/2019 (Real)



Lease Begins

12/31/2019 (Real)

Lease Expires

12/31/2029 (Real)


Not applicable

Property Details

Lease Began

12/31/2019 (Real)

Lease Expires

12/31/2029 (Real)

Cherry Tree International Corp.

3955 East Holmes Road, Memphis, TN 38118