It was listed on the National Register in recognition of its local architectural significance and its association with its builder Dave Dermon, who was a prominent Memphis real estate developer in the years between World War I and the Great Depression.

Each facade of the building is clad with dark brown brick with yellow, green, and white terra cotta trim.

The grouped windows of the tenth floor and penthouse on the front and side facades have a foliated terra cotta border and a tympanum with a central quatrefoil.

Above each tympanum is a bearded male mask between a pair of tall, narrow panels with terra cotta medallions of a squirrel, eagle, and cherub.

He also engaged in real estate development, initially making several lucrative land deals in the Vance area and constructing a few buildings there.

In addition to buying and selling land in the area, Dermon constructed buildings for the city's Dodge and Buick dealerships as well as for various tire companies.

[1] The office building for the Dermon Company was constructed in 1925 and designed by the prominent Memphis architects, Charles O. Pfeil (1871–1927) and George Awsumb (1880–1959).

In partnership with Pfeil, the final auditorium design and construction was completed, as well as the plans for Humes (1926) and Southside (1927) High Schools and Idlewild Presbyterian Church (1929).

The structure's unusual color scheme of brown, yellow, green, and white has made it a noteworthy building in Memphis since it was constructed.