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FedEx Logistics is moving its global headquarters to the former Gibson Guitar factory building in downtown Memphis, consolidating multiple locations and nearly 700 team members into the new location over the next several years.

“This is a moment of dynamic growth and transformation both for our company and for the city of Memphis, and we at FedEx Logistics are thrilled to be a part of this revitalisation of downtown Memphis,” said Richard W. Smith, president and CEO of FedEx Logistics. “By combining our disparate offices into a dynamic campus, it became economically attractive to provide this fantastic environment for our team members. This will be a great space for collaboration among the different aspects of our business and a true home for our growing company as we attract new talent for the future of FedEx.”

Last month, FedEx Logistics announced its rebranding from FedEx Trade Networks, Inc. to FedEx Logistics.

“With FedEx Logistics creating more than 680 jobs in Memphis, they are once again showing that Tennessee is a great place to do business,” Tennessee Gov. Bill Lee said. “FedEx and its subsidiaries have been a true Tennessee success story, and we as a state are proud to see this company continue to grow and call Tennessee home.”