Notable Closings Q1-2018
As we prepare to usher in the first day of spring in a few days, you can rest assured the Agents at Burns Commercial Properties haven’t been hibernating during the winter. Tyler may have been under a sheet of ice for a few days in January but that couldn’t stop the team from burning up the emails and phone calls to have all the details finalized for a total of six sales that month.
One of the more talked about sales is that of Matt Coale’s listing of the Smith County building formerly known as the Carlton Hotel. The former hotel is a 115,000 sf building on 0.634 acres and was sold to a Dallas investor for the purpose of multi-family residential and possibly some retail opportunities on the ground floor. Two examples of the professionalism of Mark Whatley are the sale of the former Karen Horton building and the Towne Oaks East Apartments located on Old Bullard Rd. Last but not least, one of the prettier locations to change ownership in January was The Arbor located at 2215 Roy Rd. (pictured). The event center, an adjacent office building, and additional land was purchased in late January with Blair Swaim representing the seller.
February wasn’t just filled with Cupid and Super Bowl parties but also a touchdown for the former Gander Mountain building. Camping World signed a lease for the building and will soon be moving in and preparing to serve Tyler and all of east Texas from their new location. In addition, the ground under On The Border Cantina, at the corner of Loop 323 and Broadway Avenue, may have changed ownership, but the recipes inside the building are exactly the same!
I don’t know what welcomes spring in any better than the closing on a car dealership! Maybe the sale of a shopping center? Either way, we’ve got both of those areas covered in March. Mark Whatley, Glenn Eikner, and Aaron Uncapher worked with both the seller and purchaser of the Lone Star Shopping Center on East Fifth Street in Tyler and closed on March 1st. Always keeping the momentum moving forward, Mark Whatley represented the seller when the former Randall Noe dealership (pictured) on SSW Loop 323 closed in mid-March.