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Raines Group Offices
Four Squares Business Center
1200 Mountain Creek Rd.
Suite 100
Chattanooga, TN 37405
Phone: 423.875.3600
Fax: 423.875.9044
Newsflash
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William B. Raines, Jr., CCIM, CSM, RPA, President of The
Raines Group is pleased to announce the successful sale of a 16,300 sf
maintenance facility on Warehouse Road in Dayton TN. The Raines Group has been
contracted by SunTrust Bank to act as project manager for the site as well as
act as disposition agent for the 11.8-acre property. The Raines Group subdivided the property in order to execute the
sale of the 4+acre maintenance site. The Buyer, White Stone Logistics, will be
using the site for tractor-trailer maintenance and dispatch. Title Insurance Company of Dayton prepared
the Title work and First Bank provided the financing for the transaction.
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William B. (Bill) Raines, Jr., CCIM, CSM, RPA, President of The Raines Group is pleased to announce the sale of 106 Industrial Park Drive. The building which contains approximately 22,500 square feet of Class "A" office/warehouse flex space was sold to Darrell G. Moody and Anne-Marie Cardinale. The buyers own other property in the industrial park and plan to lease the building.
The seller, Cornerstone Community Bank, was represented by Principal Broker Bill Raines and Richard Rose, CPA, CIA, FLMI, who is also a Broker with The Raines Group.
This year, The Raines Group celebrates its twenty-fifth year of providing Commercial Real Estate, Brokerage, Management, Leasing and Investment services in the greater Chattanooga area. Other services available include: Acquisition/Development, Planning and Design, Construction Management and Marketing.
Congratulations Chattanooga for being selected as the location for the new Volkswagen Plant and the investment of one billion dollars at its Enterprise South site.
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List Agents
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Home
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Kevin Boehm Represents Maclellan Partners In Purchase of Maclellan Building |
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Kevin C. Boehm of the Raines Group Inc.
represented Maclellan Partners, LLC in the purchase of the Maclellan Building
at 721 Broad Street on Aug. 28, 2009. Maclellan Partners plans to convert
the historic Maclellan Building into a boutique hotel. The purchase price
was $3,850,000.
The 12-Story historic Maclellan
Building was originally built in 1924 as the headquarters for the Provident
Life Insurance firm.
The Indigo hotel firm had announced its plans
for the Maclellan Building in July of last year. The plan is still for the
building to be converted into a boutique hotel.
Officials at the time said they would use a
nearby six-story office building owned by the city at 730 Chestnut Street for
parking.
Indigo describes itself as "an oasis
where you can escape the hectic pace of travel and think more clearly, work
more productively, rest more refreshingly. An environment that doesn't
just shelter you but inspires and re-energizes you. That's the idea
behind Hotel Indigo. It's about peace. A hotel whose unique design
brings together math, art and nature in perfect symmetry, to give you a perfect
sense of balance and well-being."
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