Exclusive: FedEx, Gibson deal back in advanced negotiations; announcement expected soon

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The large FedEx subsidiary run by Richard Smith is back in advanced negotiations to rent Downtown's Gibson Guitar building. FedEx Logistics — formerly FedEx Trade Networks — is nearing a finalized deal with the owners of the building, according to multiple sources close to the situation, and an official announcement is expected this week. Currently, Logistics' global headquarters — including Smith's office — is in East Memphis' Crescent Center, but the subsidiary's employees are located...

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