Tuesday Briefing

Report: A planned munitions plant in Alcoa is still on track, despite some challenges facing the plant’s parent company. KNS

A controlling interest in AC Entertainment has been acquired by a prominent concert promotion company. KNS

TeamHealth has reached an agreement to be acquired by Blackstone. KNS

A public meeting is scheduled for tonight to discuss improvements to the Broadway corridor. KNS

Wednesday Briefing

An auction of Villa Collina is scheduled for this evening. KNS

A hospitality development aimed at adventure travelers is planned in South Knoxville. KNS

Knoxville City Council has taken a first step toward removing church buffers for beer permits. KNS

A West Knox County industrial site has received a certification from ECD. KNS

 

NAI Knoxville represents buyer, seller in Maryville office deal

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NAI Knoxville handled both sides of a recent transaction involving the sale of a corporate office building in downtown Maryville.

Principal broker Maribel Koella, CCIM, SIOR, CRE, represented Ruby Tuesday, which sold the 40,000-square-foot property at 150 W. Church Avenue for $2.8 million. Matt Fentress, CCIM, SIOR, represented the buyer, fashion retailer Altar’d State. The transaction closed on Friday.

Fentress, who specializes in office and investment transactions, said Altar’d State is a rapidly growing company that will provide a boost to the Blount County economy. “We’re excited that we helped to bring an additional company headquarters into Maryville,” he said.

Thursday Briefing

Report: Rick Dover will redevelop the former South High School. KNS

Architect Faris Eid will be honored tonight by the East Tennessee Community Design Center. KNS

An Athens manufacturing firm announced expansion plans on Wednesday. KNS

A Maryville bakery has closed. KNS

The former Ruby Tuesday in Oak Ridge has been demolished, making way for another restaurant chain. Oak Ridge Today