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NAI Koella | RM Moore Represents Seller In First Commercial Deal At Alcoa West Plant

Thu, 10 Oct 2019 14:21:56 Z
For Immediate Release NAI Koella | RM Moore Represents Seller In First Commercial Deal At Alcoa West Plant Knoxville, TN – Date [10/9/19] – A redevelopment of the Alcoa West Plant site takes a major step forward with the sale of 2.26 acres to an East Tennessee firm that plans to develop a Marriott-branded hotel on the site.  NAI Koella | RM Moore represented the seller, Airport Center Development Partners, LLC, a Division of RESIGHT, on the transaction, which marks the first sale of property at the former West Plant site for a commercial project. The buyer was Gibson Hotel Management, a Knoxville-based hospitality company with more than 3,900 rooms under management and ownership. Springbrook Farms a multi-use development on the site of the former ALCOA, Inc. West Plant consists of approximately 360 acres bounded by Mills Street, Pistol Creek, and Hall Road, lying directly across Alcoa Highway from McGhee Tyson Airport. Gibson Hotel Management purchased a tract near the corner of Tesla Blvd and Alcoa Highway, and plans to develop a 90-bed hotel under Marriot’s Fairfield Inn and Suites flag. Construction is expected to begin in November of 2019, and the property is scheduled to come online in August of 2020. “We believe Springbrook Farm is poised to become an essential destination for travelers and a hub of commercial activity in Blount County,” said Michael Gibson, founder and CEO of Gibson Hotel Management. “With a prime location across from McGhee Tyson Airport and tremendous visibility from Alcoa Highway (Hwy. 129), we anticipate that this hotel will be in high demand among business travelers working in Knoxville and Oak Ridge. It will also be a convenient lodging choice for tourists visiting the Great Smoky Mountains National Park.” Springbrook Farm is a public-private venture that enjoys strong support from the City of Alcoa, and has already seen a significant amount of infrastructure improvements. The project’s main thoroughfare, Tesla Boulevard, opened in August of 2018 and the section of Highway 129 between Hall Road and Hunt Road is being rebuilt as a six-lane, access-controlled facility. In addition, a new interchange at Tyson Boulevard will provide access to McGhee Tyson Airport. In 2017, a 1.7-acre parcel was sold to Springbrook Properties, which has developed a number of Craftsman-style homes along Mills Street and Lodge Street. Since then, NAI and RESIGHT have focused on forging partnerships with commercial developers who recognize the unique opportunity at Springbrook Farm,. Currently, RESIGHT is under contract or in negotiations with developers for multi-family residential, single-family residential and restaurant projects. RESIGHT is a nationally recognized industry leader in redeveloping distressed and impaired real estate, and Founding Member Mikk Anderson said the firm is excited to work with a well-respected hospitality partner with a long track record of successful ventures. "We’re delighted that Gibson Hotel Management sees the great potential of Springbrook Farm, and we look forward to a successful partnership,” said Anderson. “Their investment highlights the strong momentum we’re seeing, and expect it will successfully kick off the next phase of development at Springbrook Farm.” Maribel Koella, principal broker of NAI Koella | RM Moore, said RESIGHT's long track record of transforming former industrial land makes it a perfect fit for this project, and NAI is proud to work alongside them. “The West Plant Site has been a strategic asset for years, and we believe its redevelopment as a vibrant commercial center will benefit the City of Alcoa and residents of Blount County for decades to come,” Koella said. About NAI Koella | RM Moore NAI Koella | RM Moore is a full-service commercial real estate firm with international reach and local expertise in Knoxville and the surrounding markets. Maribel Koella, co-founded NAI Knoxville in 1983 and Roger M. Moore, second generation to Moore Real Estate, founded RM Moore Real Estate in 1995. In 2017, they combined their professionally trained brokers and property management services to provide a premier level of commercial real estate services. To learn more, visit www.koellamoore.com. About NAI Global NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property.  Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com. NAI Koella | RM Moore Represents Seller In First Commercial Deal At Alcoa West Plant NAI Koella | RM Moore

NAI Koella | RM Moore Fills Large Vacancy on Deane Hill

Mon, 26 Aug 2019 13:42:09 Z
Media Contact: [Marketing, Tommy Keeler 865 777 3032, tkeeler@koellamoore.com] NAI Koella | RM Moore Fills Vacancy at 6501 Deane Hill Drive. Knoxville, TN – [8/20/19] – Roger Moore, Jr. SIOR, principal broker at NAI Koella | RM Moore recently filled a long-term vacancy at 6501 Deane Hill Drive. TAG Resources, LLC will occupy the 36,921 square feet space on Bearden Hill, allowing them to better serve the Knoxville, Tennessee area. TAG Resources utilized Roger to find a new space that could sustain their current offerings but also allow for growth in the coming years. This task, while simple in nature created a challenge. Roger said, “With plenty of available spaces fitting their current needs, few buildings and landlords were offering terms favorable for their future expansion.” Working diligently, Roger was able to put together a long-term lease that both the landlord and the tenant could agree on. Located in the Bearden Hill area of West Knoxville, 6501 Deane Hill Drive consists of two levels around 18,400 square feet and are accessed through grade level parking. The property features key card entry, independent HVAC and upgraded cabling, including fiber optic, along with ample power distributed throughout.  In addition to the main office building, the lease is set to include an adjoining 2,750 square foot, 7-bay storage building. If you are a tenant looking to find your next space or a landlord needing to fill a vacancy, give us a call at 865-531-6400 and let NAI Koella | RM Moore go to work for you. About NAI Koella I RM Moore NAI Koella | RM Moore is an experienced, full service commercial real estate firm with deep roots in Knoxville and surrounding area markets. Principal broker, Maribel Koella, co-founded NAI Knoxville in 1983 and President, Roger M. Moore, a second generation to Moore Real Estate, founded RM Moore Real Estate in 1995. Together with their brokers, they provide a premier level of commercial real estate services and comprise the largest and most experienced firm in the area. www.koellamoore.com About NAI Global NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,000 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges. NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.   To learn more, visit www.naiglobal.com. NAI Koella | RM Moore Fills Large Vacancy on Deane Hill NAI Koella | RM Moore

Record Year for NAI Koella | RM Moore

Mon, 14 Jan 2019 18:47:21 Z
January 14th, 2019- KNOXVILLE, TENNESSEE NAI Koella | RM Moore finished 2018 with a record setting $220 Million in volume for the year. The two largest deals were executed by the Multi-Family team and included the disposition of The Enclave of Hardin Valley (Multi-Family) and The Tower at Morgan Hill (Student Housing).  Roger Moore and Maribel Koella's seasoned team of real estate professionals closed 278 deals throughout the year. With over $144 million in sales and 1 Million + square feet leased, NAI Koella | RM Moore has set the bar high for 2019.  To see a few of NAI Koella | RM Moore's top deals, download the attachement below.  If you are looking to buy, sell, lease or better manage your property in 2019, contact NAI Koella | RM Moore at 865-531-6400 or send an email to info@koellamoore.com. Record Year for NAI Koella | RM Moore NAI Koella | RM Moore

 

                    

                                                                                                                             

 

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