$30,250,000 Note on Riverview Tower has been Sold
May 3rd
The $30,250,000 note on Riverview Tower has been sold – The property securing the note is a 334,198 SF Class A Office Building in downtown Knoxville, Tennessee.
The note for a 24 story Class A office building (Riverview Tower) in downtown Knoxville has been sold. The seller was represented by Matthew Fentress RPA, CPM, CCIM of NAI Knoxville, Fain Hicks, CCIM of NAI Brannen Goddard and Linda Simpson of C-III Realty Services LLC.
The buyer was Hertz Investment Group, which has secured ownership of the building as well.
“NAI Knoxville is honored to have the opportunity to work with C-III Realty Services in the disposition of the non-performing note.” Matthew Fentress RPA, CPM, CCIM Broker at NAI Knoxville.
Caris HealthCare Buys Building for New Regional Offices
Apr 29th
An 18,000 SF, Class A office building formerly occupied by Community Tectonics Architects has been sold. Brokers handling the sale announced today that the former building was purchased by Caris HealthCare Services which will be occupying the building as their new Knoxville regional office. The buyer was represented by Maribel Koella CCIM, SIOR and Matthew Fentress RPA, CPM, CCIM of NAI Knoxville.
The property located at 10651 Coward Mill Road (near Hardin Valley and the Pellissippi Parkway) sold on April 26, 2013. The Seller was Master Builder Properties, LLC and the Buyer was Caris Healthcare L.P.
“NAI Knoxville is honored to have the opportunity to work with Norman McRea and the fantastic staff of Caris HealthCare Services in the acquisition of their new facility.” ~Maribel Koella CCIM, SIOR, and Principle Broker of NAI Knoxville
Dr. Peter Linneman – 2013 Global Market Outlook: United States
Apr 9th
“With the U.S. economy subject to economic martial law and our political leaders unable to achieve a consensus, one cannot expect growth faster than the current pace,” said Dr. Linneman at the Global Market Outlook in New York City. “A failure on the part of government to arrive at meaningful spending cuts has left an environment of uncertainty for global financial markets.” Read more Additional Global Market Outlooks available here under the News Feed via NAI Global’s website.
NAI Knoxville’s 30th Anniversary Celebration was a Success!
Apr 9th
On Thursday, April 4, NAI Knoxville was honored to spend the evening celebrating our 30th Anniversary with our clients and associates who have helped us grow and thrive over the years. We would like to say thank you to all of our clients, thank you to the Knoxville community, and thank you to NAI Global for all of your support. Images
CoStar Broker & Firm Awards
Mar 7th
Congratulations to NAI Knoxville’s Sam Tate, James Roberson and Matt Fentress for winning CoStar Power Broker individual awards for 2012!
NAI Knoxville also ranked as a CoStar Power Broker firm for both Sales & Leasing, so congratulations to all!
Each year, CoStar Group recognizes the top commercial real estate brokerage firms and brokers with the prestigious Power Broker Awards.
As the largest professional research organization serving the commercial real estate industry, CoStar is uniquely positioned to track transactions and identify the top players across the U.S. Every year, CoStar tallies the commercial real estate sales and lease transactions that closed during the previous year then presents awards to the firms and individuals who achieved the highest volume of sales and leases in over 90 markets across the country.
Editorial: Jefferson officials should approve megasite funding
Feb 11th
The proposed industrial megasite in Jefferson County is facing a megavote today when the Jefferson County Commission meets in a special session to consider initial funding.The $442,000 appropriation would provide start-up funds for seeking megasite certification for the project.
Commissioners should approve the funding and move forward with the project, which would put Jefferson County — and the region — in play as a location for a major automobile plant or other manufacturing facility.
According to a study by Younger Associates, a certified megasite in Jefferson County has the potential to create 4,900 jobs and generate more than $2.7 billion for the regional economy each year. [Knoxville News Sentinel]
Tennessee to open export offices in China, Mexico, Germany and U.K.
Feb 11th
Tennessee plans to open four offices abroad to help promote the state’s export business, with outposts in China, Mexico, German and the United Kingdom, Gov. Bill Haslam and the state Department of Economic and Community Development announced today.
Already, Tennessee industries export $30 billion worth of products annually, but that could grow substantially in the future with some assistance from the state, said Bill Hagerty, the department’s commissioner.
The initiative will be led by the department’s International Division, and it will be the first time since 1997 that the state has operated foreign offices “solely dedicated to advancing Tennessee exports,” the department said in an announcement. [The Tennessean]
Regional Leaders Discuss Economic Competitiveness at PlanET Symposium
Feb 4th
Featured article from Knoxville-Knox County MPC News.
A maximum-capacity crowd of 250 registrants joined business, government and economic development leaders last week to discuss the region’s future competitiveness at ETcompetes!, a symposium hosted by PlanET and Knoxville-Oak Ridge Innovation Valley, Inc.
Held at the East Tennessee History Center on January 9, the event was moderated by Ted Abernathy, executive director of the Southern Growth Policies Board. Attendees and panelists engaged in a candid discussion of how East Tennessee can best position itself to compete in a global marketplace.
Responding to questions submitted by attendees, panelists shared their insights on topics ranging from preparing the region’s workforce to capitalizing on East Tennessee’s quality-of-life assets that are essential to attracting and keeping talent and industry. {read more}
Tapp sets hook, reels in Broker of the Year award
Feb 4th
Pigeon Forge has been very good to Brian Tapp.
For the second consecutive year, the 34-year-old NAI Knoxville broker has been chosen by the East Tennessee chapter of commercial real estate organization CCIM as its Broker of the Year.
Read more of Josh Flory’s article {knoxvillebiz.com}
Celebrating 30 Years of Business in 2013!
Jan 15th
NAI Knoxville is celebrating 30 Years of Business in 2013!
NAI Knoxville completed commercial and industrial real estate transactions for 2012 in excess of $62 million, as stated by Maribel W. Koella, SIOR, CCIM and president. She reported that NAI Knoxville had closed over 104 commercial transactions to reach this total.
Notable transactions include Pigeon Falls in Pigeon Forge, EET Corporation, Kimberly-Clark Financial Services, ITT Education Services, Denso Manufacturing Tennessee, multiple Ruby Tuesday, Inc (land and restaurant) dispositions, Office Furniture Outfitters, 84 Lumber in Westbridge Industrial Park, ProTech Metal Finishing in Horizon Center, Iron Mountain, Niles Ferry Industrial Park acreage and Martin Marine.
NAI Knoxville’s current listing inventory is in excess of $153 million.
Our company has been in business for 30 years and has a staff of eight full-time brokers, six holding the CCIM designation, two holding the SIOR designation, one holding the MRED designation and one holding both RPA and CPM designations.
