The Emporium sells for $24.75 million

Nick McBrideOn the Grow

1,218 documents were recorded during the week of December 12-16, including 255 loans which had a combined value of $159 million. Eight of those loans were for more than a million dollars, the largest being a doozy – $73.18 million! That huge amount was loaned by Computershare Trust Co NA. The second-highest loan, $17.56 million, was funded by Y-12 Federal Credit Union. The other six were:

There were 172 deeds transferring $124 million worth of property. 11 were worth more than a million with eight being commercial properties.

Nick McBride

Brookstone Gliding Hawk LLC purchased two adjoining properties on the corner of Valley Vista and Carmichael Roads in the Hardin Valley community. Holrob-Testerman GP sold a 22-acre parcel to Brookstone for $1.49 million and purchased two tracts equaling 16.5 acres from an individual for $1.6 million.

An office complex on Mabry Hood Road was included in the million-dollar properties. Southeast Surgical Properties II GP purchased the Four Seasons Village complex from an individual for $2.75 million.

Mesana Investments LLC sold more property this week but on the opposite side of town from last week’s sale. The Westland Oaks Subdivision off Westland Drive in west Knoxville will have 52 new homes. Ball Homes LLC purchased the lots for $3.4 million.

Also, in the western part of the county, Synergy Auto Wash LLC sold the facility located at 10500 Kingston Pike to a family LLC for $3.6 million.

The Brookview Town Center, which lies between Northshore Dr and N. Weisgarber Rd, was another high-value transfer. Brookview Town Center LLC sold the 7-acre property with three buildings to OTN Retail Four LLC for $5.11 million.

An iconic building in downtown Knoxville has a new owner, who also purchased a parking structure behind the building. Mainstream Group LP et al sold the Emporium Loft Building on the corner of Jackson Ave & S. Gay St. and the parking structure located at 121 State Street to Boghani Properties LLC for $24.75 million.

And just a few miles east of downtown, coffee lovers make the world go round at the Keurig Green Mountain Manufacturing plant in the Forks of the River Industrial Park. The property the manufacturing facility occupies was sold by Keurig Green Mountain Inc. to Veyron/Optimus IV US Leasing LLC. This transfer was the most valuable of the week at $65 million.

The end of the year is fast approaching. The three-year comparison is up-to-date as of December 16. Property values have risen over the past year’s numbers even though the number of sales is significantly lower than in 2021.

Today, December 22, our office is open until 4:30 p.m. The office will be closed tomorrow, Friday, December 23, and Monday, December 26. We will reopen at 8 a.m. on December 27.

Merry Christmas and Happy Hanukkah to you and yours! — Nick

Nick McBride is register of deeds for Knox County.


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