AAON Manufacturing Campus in Memphis

AAON’s newly announced Memphis expansion represents one of the most significant advanced manufacturing investments in the region in recent years. Located at 5106 Tradeport Drive, the company is repurposing a 787,000-square-foot facility within the Airport Industrial corridor—a strategic hub positioned near major logistics infrastructure, including Memphis International Airport, FedEx World Hub, and key freight highways. This location gives AAON direct access to national distribution channels and strengthens the city’s growing role as a manufacturing and tech-adjacent production center.

The company’s $238.5 million investment will dramatically increase its production capacity, particularly for cutting-edge HVAC and data-center cooling equipment, a sector experiencing rapid global demand. For real estate investors, this signals another long-term anchor employer with strong wage potential and stable job growth—qualities that translate into steady rental demand for professionally managed single-family homes in nearby suburbs.

AAON’s Memphis operation is expected to create more than 800 new jobs across engineering, fabrication, assembly, quality control, logistics, and administrative roles. These are steady, skilled positions that attract residents seeking modern housing, reliable management, and easy commutes to major employment centers—factors that strengthen demand across Meridian’s core markets such as Olive Branch and Byhalia.

The size of the facility—nearly 18 acres under roof—positions AAON as one of the largest industrial tenants in the Memphis metro. The project has also received a proposed 15-year PILOT incentive from the Memphis & Shelby County EDGE Board, reinforcing the city’s commitment to business expansion and long-term economic development. Such public-private initiatives support stable property values and sustained investor confidence across the region.

For investors evaluating Memphis, AAON’s expansion is another strong indicator of the region’s upward trajectory—more jobs, higher wages, diversified industries, and a continued need for quality single-family rentals.