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Tag Archives: Hertz Investment Group

Clinton office complex sold for $20.5 million

CLINTON — The Hertz Investment Group is adding to its dominant position in the metro Jackson office market. Hertz, based in Santa Monica, California, announced Friday that it has purchased the South Pointe Business Park in Clinton for $20.5 million. The 400,000 square-foot complex just south of Interstate 20 was built in 1996 as the headquarters for WorldCom. The Mississippi ...

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Landmark Center's sale price surprises bidder

Downtown Jackson’s Landmark Center has a new owner, having sold at a minimum bid auction for about $2.125 million on July 31 to an undisclosed buyer. The final bid price surprised the Hertz Investment Group, a prominent downtown Jackson office property owner which had sought to buy the  345,000-square-foot building vacated two years ago by AT&T. “We had no idea ...

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New buyer interest in Jackson’s Landmark Center after UMMC drops deal

A potential new buyer is ready to seek a deal on downtown Jackson’s Landmark Center now that the University of Mississippi Medical Center no longer wants the vacant office building. The Hertz Investment Group, owners of 1.2 million square feet of metro Jackson office space, wants to be 100 percent sure UMMC is out of the deal before approaching representatives ...

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Landmark final offer for DOR HQ came in $10M above South Pointe’s

  With a 20-year-lease offer of $48.5 million on the table, downtown Jackson’s Landmark Center held a clear lead in the competition to become the new headquarters of the Mississippi Department of Revenue. Rivals South Pointe Business Park in Clinton and Diversified Technologies complex in Ridgeland presented offers of $51.4 million and $53.4 million, respectively. But in the next phase ...

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Hertz taps Ingram

Hertz Investment Group has named James M. Ingram as executive vice president and chief investment officer. Ingram will be based in Jackson, and responsible for managing all acquisition and disposition activity, and oversee the leasing operations of Hertz properties in Mississippi, Tennessee, Louisiana and Virginia. Ingram previously worked at Parkway Properties for 23 years.

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Former Parkway executive named Hertz Group senior VP

Hertz Investment Group, landlord to many of downtown Jackson’s office buildings, has named the former chief investment officer of Parkway Properties, James M. Ingram, its senior VP and chief investment officer. Ingram will continue to be based in Jackson and will oversee leasing operations of Hertz properties in Mississippi, Tennessee, Louisiana and Virginia. Ingram will also manage all acquisition and ...

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Wanted: Replacement for Parkway’s downtown leadership

The coming departure of Parkway Properties from Jackson leaves a leadership void for downtown causes, says Ben Allen, president of the Downtown Jackson Partners, a public-private partnership created to promote and facilitate downtown’s revitalization. Parkway’s executive corps brought a “care factor” that will be hard to replace, Allen said. “As far a losing the emotional capital, I can’t sugar coat ...

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Parkway's exit from Jackson market seen as needed step

Parkway Properties’ planned exit from office markets in Jackson, Memphis and Richmond, Va., gets a thumbs-up from analysts who call the market departures an overdue course correction. The consensus is the self-administered real estate investment trust is giving itself its best chance for success by leaving tertiary, or secondary, markets for core markets that can bring higher returns. With Parkway’s ...

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Turnipseed named property manager

  Hertz Investment Group announced that Amy Turnipseed has joined its staff in Jackson as property manager. Turnipseed’s responsibilities include overseeing the common area improvements recently announced for the Regions Bank Plaza complex in downtown Jackson. Turnipseed was previously commercial manager at StateStreet Group, LLC, responsible for managing and leasing 10 commercial buildings in the Jackson metro area. She has ...

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