Nike Inc. paid $2.2 million for about 200 acres of vacant land in Frayser, TN as part of an expansion of its North Memphis distribution center.
The purchase was made from Belz Investco GP with the land located north of Nike’s 1.1 million-square-foot facility in Belz’s Northridge Industrial Park, Memphis Daily News reports.
Nike is expanding its Memphis distribution operation and in October received a payment-in-lieu-of-taxes incentive from the Memphis and Shelby County Economic Development Growth Engine for the project. Nike will add 250 jobs and about 1.8 million square feet to its existing operation in Frayser.
