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´╗┐distribution center BEAVERTON, Ore. Athletic footwear company Nike Inc. said Friday it will buy a 125 acre land parcel in nike basketball shoes Memphis, Tenn., to build a 1 million square foot footwear distribution center. The company signed the agreement nike sb free run 2 to buy the land parcel, called Northridge, on Thursday with Memphis based Belz Enterprises. The Industrial Development Board for Memphis and Shelby County also granted the company's application to be eligible for PILOT, or Payments in Lieu of Taxes, leases on the property "upon anticipated job creation and capital investment." Employees at Nike's Winchester Road facility in Memphis and those relocating from another distribution center in Wilsonville, Ore., will staff the new facility. Nike said it also reached a sale leaseback agreement for $27.6 million on the Wilsonville facility with CB Richard Ellis Investors, which purchased the property for the Illinois State nike i get buckets Board of Investment.

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