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Exel Inc. dba DHL Supply Chain 2

Project Number: 20200801
Pilot Type: Jobs
Status: Approved
Parcel ID: 094100 00299, 094100 00303
County Commission District: 11 | City Council District: 03, 08


Exel Inc. d/b/a DHL Supply Chain (USA) (“Applicant”) was approved for a 13-year Jobs PILOT to enable the company to create 255 Net New Jobs with an average wage of $37,448 and invest $85,718,770 to construct a new Memphis campus near the intersection of East Holmes Road and Tchulahoma Road.

The total project investment includes purchase of vacant land for $5,748,716, construction of two new buildings totaling 1,545,000 square feet at a cost of $66,094,732, and $13,875,322 in new personal property. Parcel 094100 00299 (0 Tchulahoma) is 61.11 acres. Parcel 094100 00303 (0 Holmes) is 73.59 acres. Both real property improvements and new personal property located on these parcels will be included in the PILOT.

DHL Supply Chain is the world’s largest contract logistics specialist, creating a competitive advantage through customized logistics solutions based on globally standardized warehousing, transportation and integrated service. DHL Supply Chain is a wholly owned entity of Deutsche Post DHL, an international company with revenues of more than $75 Billion, approximately 550,000 employees with operations in over 220 countries worldwide.

DHL has been evaluating locations for third party logistics services for two companies, neither of which are currently located in Shelby County. One is Yeti Coolers which produces coolers, drinkware and apparel. DHL will receive inbound materials, load and ship outbound parcel deliveries, and provide outbound scheduling services for Yeti. The other, a confidential life sciences partner in the crop protection, seed and environmental science business, is working with DHL on improving their distribution network.

DHL has considered locating this business in its North Mississippi campus, locating this business in other areas such as Kansas City and Western Arkansas, or building in Memphis. Yeti maintains the option of staying in its current Texas location and the life sciences partner could stay in Illinois. If selected, the Memphis campus will provide logistics services for the two anchor partners and hold one land parcel for future development. The future development site is not included in this application and will not be receiving any benefit related to this application.

Estimated annual City and County property taxes will be $673,326 during the PILOT term and $2,142,631 after. The location produces $103,345 today in property taxes. Staff projects $21,668,293 in total local tax revenues to be received during the PILOT term of this project and a $19,761,517 benefit to the Applicant.


13 Years

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:

Community Reinvestment Credit (CRC):
Not applicable

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:


Projected Taxes Abated:

City: $8,716,211 (75%)
County: $11,045,306 (75%)

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable



Ramp up Period

2 Years


7/1/2021 (Real)



Lease Begins

7/1/2021 (Real)

Lease Expires

6/30/2034 (Real)


Not applicable

Property Details

Lease Began

7/1/2021 (Real)

Lease Expires

6/30/2034 (Real)

Exel Inc. dba DHL Supply Chain 2

0 Tchulahoma Rd. & 0 Holmes Rd., Memphis, TN 38118