Well-known Fountain City office building changes hands

January flew by! During the fourth week, we recorded 1,420 documents. Two hundred sixty-six were loans (Trust Deeds) that had a total value of $114.38 million. JPMorgan Chase Bank funded the largest loan of the week for $28.67 million. The others over $1 million were:

On the transfer side of things, 215 property sales (Warranty Deeds) with a combined value of $98.59 million were among the recordings. Nine had price tags over $1 million, including six commercial properties.

Reliance Development LLC sold the Fountain City Professional Complex at 2911 Essary Road to Fountain City Partners Investments LLC for $1.11 million.

Obsidian Development, LLC purchased the Russell’s Printing Options building at 1800 Grand Avenue in the Fort Sanders area for $2 million.

Cypress Point 54 LLC bought two Service Auto Repair properties last week. The first, at 7601 Maynardville Pike purchased from Knoxville CGB GA LLC for $1.43 million. The second, 8858 Kingston Pike, had a price of $1.77 million which was paid to Knoxville (Kingston Pike) CGB GA LLC.

D.R. Horton Inc. is building a new neighborhood called Mockingbird Meadows on E. Emory Rd. The 53 lots and common space for the project were conveyed to DHIR Knoxville I LLC for $6.19 million.

The Sonesta Simply Suites hotel at 10206 Parkside Drive was the most valuable property to change hands. The owner since May 2022, CWP Knoxville I LLC, sold the hotel to Keystone Hospitality LLC for $8 million.

You’ll notice that our comparison chart is now four years:

As spring nears, civic group and homeowner’s meetings are being arranged – if you need a speaker, I am available. Just give me a call at the office at 865-215-2330 to schedule.

If you haven’t already taken the time to sign up for the FREE Property Fraud Alert Program, which is available to all Knox County property owners, you can do so by visiting our new website: https://rod.knoxcounty.org/.

Have a great weekend!        – Nick

Nick McBride is register of deeds for Knox County.