The week leading up to Memorial Day was busy for real estate in Knox County. There were 318 property transfers recorded, which is a 9.28 percent increase over the previous week. The total value of these transfers was $159.7 million.
The largest of the property sales was the physicians’ plazas at Tennova North Medical Center. CHP Knoxville Plaza A MOB Owner, LLC and CHP Knoxville Plaza B MOB Owner, LLC sold these properties to EPC Sparti, LLC. Plaza A sold for $33.1 million and Plaza B for $42.38 million.
Some 381 loans totaling $97.7 million were recorded during the pre-holiday week. A construction loan in the amount of $10.7 million was obtained by Third Creek, LLC from Home Federal Bank of Tennessee for future construction of three buildings on Third Creek Road.
Nick McBride, Knox County Register of Deeds, provides a weekly transfer report for KnoxTNToday readers.