FOR IMMEDIATE RELEASE
Vindex Pharmaceuticals Relocating, Bringing Distribution Operations to Memphis
MEMPHIS, Tennessee, June 13, 2005 – Memphis-based Vindex Pharmaceuticals, Inc. has signed a lease for a 22,500-square-foot facility in Shelby Oaks Corporate Park. Vindex, which develops and markets branded, prescription pharmaceutical products, plans to move into its new space in June.
The move will allow Vindex to combine its corporate offices and distribution center into one location. Currently, the company’s distribution operations are outsourced to a company in Birmingham, Alabama, and its offices are located in Cordova, Tennessee.
According to Jeff King, President and CEO of Vindex Pharmaceuticals, the company was looking for a location that would allow it to continue expanding its internal office staff in addition to bringing its distribution in-house.
King said the convenient location of the center was another reason Vindex decided to move there. A National Association of Industrial and Office Parks award winner, Shelby Oaks Corporate Park is located one mile from the I-240/I-40 interchange.
“Shelby Oaks is in an easily accessible location on the eastern side of Memphis,” said King. “The space we will lease already has the special amenities needed for the pharmaceutical industry, and has room for further expansion as we continue to grow.”
Headquartered in Memphis, Tennessee, Belz is a leading innovator in real estate development with interests throughout the Southern United States. Belz develops, owns and/or manages more than 30 million square feet of industrial/warehouse/distribution centers, shopping centers, office buildings, mixed-use centers and corporate campuses. The company also owns a group of premier hotels, including The Peabody Hotels in Memphis, Orlando and Little Rock. Additional information about Belz is available at www.belz.com.