A rare, large office campus in East Memphis, just steps from Dixon Gallery & Gardens, is on track to hit the market later this year after its corporate tenant moves out. With roughly 123,000 square feet, it is one of the few truly contiguous office blocks left in the garden community and is already drawing quiet buzz among brokers.
As reported by the Daily Memphian, Stryker's office at 1023 Cherry Road is expected to be vacated and listed for lease or sale later in 2026. That departure, the paper notes, creates one of the largest leasing and investment openings to surface in East Memphis this year.
The listing and brokers
According to Crexi, the campus is being marketed at roughly 122,000 to 123,000 square feet. The listing names CBRE brokers Ron Kastner, Don Drinkard, and Lacy Haynie as contacts.
The materials highlight multiple floors and plentiful surface parking, setting the property up as a fit for a single large tenant or an investor looking for a substantial, contiguous footprint instead of a patchwork of smaller suites.
Where it fits in the market
Large, uninterrupted blocks of office space are not common in the garden community submarket, which boosts the site's appeal for medical, corporate, or build-to-suit users who do not want to be scattered across several buildings.
Local market summaries show office vacancy has been elevated in recent years and that landlords are concentrating on higher quality buildings or adaptive reuse, trends that can funnel interest toward well-located, modern products. TenantBase outlines these shifts in recent reporting on Memphis office conditions.
Stryker's local footprint
Federal device registration records list 1023 Cherry Road as an official Stryker/Wright Medical address, confirming the company's presence at the campus. Local coverage has also noted that Stryker operates multiple locations in the Memphis area, which helps explain why news of this listing is on the radar for regional real estate players and medical sector tenants.
For background on the company's local footprint, see the FDA registry along with reporting from WMC/Action News 5.
What to watch next
In the coming months, brokers are expected to begin touring tenant prospects and investors, testing interest from medical and corporate users that want a large, single location instead of spreading operations across town.
CBRE notes that Ron Kastner is among the Memphis brokers who regularly handle large office assignments in the market, and his team is listed as a primary point of contact on the 1023 Cherry Road marketing materials. More on Kastner's work can be found via CBRE.
