Nike has purchased 125 acres in the Northridge area on which it will build a new 1 million square foot footwear distribution center.

Nike expects to realize more than $200 million in cost efficiencies totaling, not to mention reduced shipping times. And, of course, Nike gets a sweet Payments in Lieu of Taxes (PILOT) deal from both Memphis and Shelby County because of the expected job creation and capital improvements to the area.

The new facility will replace one in Wilsonville, Oregon as another company moves off of the east coast and comes to Tennessee.