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Pristex Solutions, LLC

Project Number: 20201001
Pilot Type: Jobs
Status: Approved
Parcel ID: 073101 00814
County Commission District: 11 | City Council District: 03, 08


Pristex Solutions, LLC (“Applicant”) was approved for a 13-year Jobs PILOT to enable the company to create 439 Net New Jobs with an average wage of $34,644 and invest $11,608,422 at 4259 Delp Street in Memphis, Tennessee.

The total project investment includes construction costs of $2,008,600 and new personal property of $7,254,222. Community Reinvestment Credit has been requested for the value of the vacant space to be occupied ($297,300 land and $2,048,300 building).
Parcel 073101 00814 (4259 Delp Street) is 7.6 acres and contains a 151,200 square foot building. The Applicant will occupy the entire building. Both real property improvements and new personal property will be included in the PILOT.

Pristex Solutions is being created to directly serve Pristex Medical. Pristex Medical was launched in May by Gabe Velasquez and Kyle Wallgren to connect Personal Protective Equipment (PPE) manufacturers with high volume buyers such as healthcare groups, governmental entities, and large distributors. Their goal was simply to help move products from warehouses to hospitals. But now, with long-term contracts in place with a diverse array of purchasers, revenue of more than $631,000 per month, and a continuing shortage of necessary product, the company needs increased manufacturing capacity.

Pristex Solutions is being formed to fill this need for additional manufacturing. The ownership is evaluating locations in Texas, Mississippi and Tennessee for a facility that will produce commercial and household cleaning products and disinfecting wipes. The facility will have initial production capacity of approximately three million units (canisters) per month.

The location produces $67,985 today in City of Memphis and Shelby County property taxes annually. Estimated annual property taxes will be $47,333 during the PILOT term and $144,017 after. Staff projects $28,537,950 in total local tax revenues to be received during the PILOT term of this project and a $1,509,925 benefit to the Applicant.



Projected New Jobs:


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Capital Investment not in PILOT:

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Projected Taxes Abated:

City: $665,986
County: $843,939

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Compliance Information

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Ramp up Period



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Lease Begins

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Lease Expires

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Property Details

Lease Began

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Lease Expires

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Pristex Solutions, LLC

4259 Delp Street, Memphis, TN 38118