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.