S P R I N G -- 1 9 9 8P A G E5
Industrial Division Has Big Plans for
Belz Enterprises industrial real estate
division keeps pace with its first quarter
leasing activity, 1998 could be a record year.
The industrial division leased 550,000
square feet of distribution and warehousing space
during the first quarter of 1998. The first
quarter numbers are more than half of the 950,000
square feet the company leased in 1997, which was
a banner year for the company.
The demand for
distribution and warehousing space could very
well outpace the supply in 1998. The demand for
Memphis is incredible, said Andrew J.
Groveman, senior vice president of marketing and
administration for Belz Enterprises. For
Belz Enterprises as well as others, I know that
as soon as a property is built, there is already
a list of potential tenants.
Weve had a growth
trend that has been good over the last several
years, but 1998 looks great for the entire
region. Memphis is definitely Americas
Belz Enterprises has announced
a lease with Enfield Logistics of Boca Raton,
Florida, for its new 385,000-square foot
warehouse and distribution building at Holmes
Road Industrial Park in Southeast Shelby County.
The Holmes Road facility is the largest
speculative building the company has built in its
To keep pace with product
demand, the company has plans for building
additional speculative industrial buildings in
1998. Con-struction begins May 1 on a new
275,000-square foot building at Southridge
Corporate Park, located at 4800 Southridge
Boulevard. Plans also call for the purchase and
development of an additional 30 acres at
A new 150,000-square foot
distribution facility and 50,000 square feet of
office and showroom space will be under
construction June 1 at the Shelby Oaks Business
Center, located on Summer Avenue in East Memphis.
The division also is acquiring
240 acres at the corner of Holmes Road and
Tchulahoma to develop more speculative buildings.
Belz Enterprises Announces 1997
Employees of the Year
Enterprises is pleased to announce the 1997
Employees of the Year. We are so proud of
these fine employees and their contributions
throughout 1997, says Andrew J. Groveman,
senior vice president of marketing and
Dudas has been named overall Employee of the Year
for 1997. Other Belz employees who were named
Employees of the Year for their divisions include
Kimberly Stumm, Patricia Mosley, John Dozier,
James Rhodes, Jay Snow and Megan James.
|John Dudas (right)
has been with Belz for 11 years and is the vice
president and director of strategic planning.
John works closely with Jack Belz in planning and
coordinating the development of various projects,
most notably the Peabody Place project underway
in Downtown Memphis.
Stumm is the Employee of the Year for the
Financial Services Division. Hired as an
accountant in 1995, Kim is an assistant
controller and was in charge of installing the
new financial system software in 1997.
Patricia Mosley is the
Brokerage Divisions Employee of the Year.
As a leasing administrator/administrative
assistant, Patricia provides administrative
support to the VP of brokerage and leasing, plans
meetings, prepares weekly reports of deal
tracking history and is responsible for lease
|John Dozier, North Memphis
asset manager, is Employee of the Year for the
Asset Management Division. John joined Belz in
1988 and is primarily responsible for
analyzing, evaluating and making recommendations
on more than 4,000,000 square feet of Belz
property in North Memphis.
James Rhodes was named Employee of the
Year for the Corporate Division. As the network
administrator, James tests and adds new software
and hardware, troubleshoots and remedies a
multitude of network issues.
Architectural space planner Jay
Snow is the Architecture/Construction
Divisions Employee of the Year. Since
joining Belz in 1994, Jay has been responsible
for developing architectural projects for civil,
interior and developmental design, developing
space plans for prospective tenants and
coordinating work with outside architectural and
Megan James is the Employee of
the Year for the Peabody Hotel Group. Megan began
working with the Peabody Hotel in 1994 and is the
executive administrative assistant to the
president of human resources and general counsel
at PHG. Megan works closely with the special
event committee to coordinate special events
(such as monthly luncheons), serves as the editor
of the company newsletter and provides various
human resources administrative support.
Seated left to right: John Dudas,
Patricia Mosley. Standing left to right: James
Rhodes, Jay Snow, Kim Stumm, John Dozier, Megan
| The Belz Report, Spring
1998 | Page 1 | Page
2 | Page 3 | Page 4 | Page