Short week produces solid sales

Nick McBrideOn the Grow

Wasn’t that the prettiest Christmas Day we’ve had in a long time? I don’t think there’s anything better than a white Christmas! Hopefully you had time to reflect on the gifts in your life, even if your gathering was different this year.


Last week was a three-day workweek: comparing to others the numbers weren’t bad. Overall, 250 property sales were recorded with a value of $62.82 million, and 432 loans were recorded with a total value of $119.09 million.

The highest value property transfer was the law office building located at 617 Main Street. Main Street Law Office Partnership sold the property to 617 Main LLC for $4.15 million.

The only other commercial property transfer coming in over $1 million was between Miles Mencer and Stowers Partners LP. Mencer sold the property located at the corner of Dutchtown and Lexington Drive for $1.1 million.

The top lenders of single loans over $1 million for the week were:

  • Renasant Bank $10.5 million
  • Apex Bank $9.8 million
  • Citizens Bank $2.0 million
  • Pinnacle Bank $1.89 million
  • Smartbank $1.32 million
  • TN Bank $1.2 million

Our office will be closed this Friday, Jan. 1, 2021. We will resume normal business hours on Monday, Jan. 4. Happy New Year to you and yours!

Nick McBride is register of deeds for Knox County.

 

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