Q2 2012 Knoxville, Tennessee Office Property Sales Analysis

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Q2 2012 Knoxville, Tennessee Office Property Sales Analysis

The Great Recession and financial crisis shut down qualifying office investment sales in metro Knoxville.* Transaction Analytics shows no deals closed in the second quarter of 2012, and none dating back to the fourth quarter of 2009. Cushman & Wakefield, however, report several transactions, including “216,412 square feet purchased for $3.55 million by FL Summit Hill, LLC at 520 West Summit Hill Drive (Kimberly-Clark building) and 618 South Gay Street purchased by La Corona Fine Properties for $1.01 million. Both properties are located in the downtown submarket.”