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Founded in 2014
3350 S. Forest Hill Irene Road | Germantown, TN 38138
Phone: 901-752-7900 | Fax: 901-757-6479
GERMANTOWN, TN--March 3, 2016--
Incorrect information was recently included in a Commercial Appeal article about the Germantown Municipal Schools’ Central Office lease. The proposed rent will increase at only 5.3%, and not nearly 19% as written in the article. Current rent on the property is at $12,056 per month and could rise to $12,700 at the new proposed rate.
This increase was requested by Carrefour Management as the shopping centers pro-rata operational expenses have increased 12% and the utility costs have increase 6% since the inception of our lease.
The Germantown Board of Education has agreed to move forward with the formation of a committee to further discuss the future plans for central office.
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