Willows of West Hills leads strong real estate sales

Nick McBrideOn the Grow

Multi-family housing tops the list of high value properties that changed hands this week.


The Willows of West Hills in West Knoxville is the latest of the many multi-family apartment complexes that have changed owners in 2020.  Willows Partners LLC sold the complex located at 7118 W Arbor Trace Drive to KB Willows LLC for $37.5 million.

Another notable sale was the Cheddar’s restaurant property on Kingston Pike. Green Land Company Restaurants LLC sold the property to CH Knoxville TN Landlord LLC for $4.82 million. The restaurant is located in front of Bearden High School at 8390 Kingston Pike.

The Cheddar’s property at 8390 Kingston Pike.

We also recorded the sale of a private school located in the Downtown West area. Oakmont Education Corporation sold the building at 8042 Gleason Drive to the Stanford Eisenberg Knoxville Jewish Day School for $1.58 million.

We ended the week with a total of 263 property transfers recorded with a grand total of $139.21 million.

Lending was busy too — we recorded 578 loans totaling $174.65 million.  The real estate and lending markets have certainly held strong this year!

The top lenders of individual loans over $1 million for the week are:

  • Grandbridge Real Estate Capital LLC – $24.37 million
  • Home Federal Bank of Tennessee – $8.22 million
  • Mony Life Insurance Company – $4.2 million
  • Wells Fargo Bank – $4.2 million
  • Knoxville TVA Employee’s Credit Union – $4.08 million
  • First Horizon Bank – $2.56 million
  • Pinnacle Bank – $2.3 million

All of our top lenders can be viewed here.

I’d like to wish all of you a Merry Christmas and hope that you are able to safely spend time with the people you love. It’s a different kind of holiday and making the best of it is all we can do! Our office will be closed on Thursday and Friday, Dec. 24-25. We will resume regular business hours on Monday. We will also be closed on Friday, Jan. 1, 2021. Again, Merry Christmas!

Nick McBride is register of deeds for Knox County.

 

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