Buchanan Realty Group CLICK HERE located in Hamilton Hills Shopping Center, 621 Old Hickory Blvd., sponsors Strictly Business, a weekly column that takes a look at a few of this week’s business highlights.
The Buchanan Realty Group – (731) 300-3071 – provides commercial real estate services throughout Tennessee. The group specializes in leasing, tenant representation, investment sales and acquisition – concentrating on retail, hospitality, c-store, medical, industrial and multi-family sectors.
The Vinings – shopping center sells for $2 million plus
Management could not be reached for comment, but Madison Holdings LLC, has purchased The Vinings at 861 North Parkway from Hammitt Regency Plaza Limited Partners for $2,105,000.
Tenants in the 75,357-square-foot facility are City Gear, Ollie’s Bargain Outlet, it’s Fashion Metro, 2 U Beauty, CSL Plasma and Dollar Tree.
Real estate market report – Jackson & Madison County
According to the Multiple Listing Service –
New construction homes sold in September was 2
Number of active listings for sale in September – 96 (active now)
Average days on the market – 15
Number of homes sold in September was 118
The Median sales price for a home in September was $187,000
YEAR TO DATE –
NUMBER OF HOMES SOLD: 1,071
NEW HOMES SOLD: 62
AVERAGE DAYS ON MARKET: 16
MEDIAN SALES PRICE: $190,000
Jackson site chosen for possible industrial development
A large parcel of land in Jackson, has been selected by state economic development officials for possible industrial development.
According to the Associated Press, the 316-acre site, which is served by a railroad line, is located near Highway 223 in Jackson. It has been selected to join the Select Tennessee Certified Sites program, which has helped communities prepare industrial sites for private investment and job creation since 2012, the Tennessee Department of Economic and Community Development said in a news release Monday.
Sites in the program are used to attract businesses to the state. Companies have invested nearly $2 billion in projects located on certified sites, which accounts for over 7,700 job commitments, Economic and Community Development Commissioner Bob Rolfe said.
Certified sites have at least 20 acres of developable land for industrial operations, documented environmental conditions and geotechnical analysis, existing onsite utilities or a formal plan to extend utilities to the site, and truck-quality road access, the department said.
Cherry Grove Apartments near Union University sell for $52 million
Cherry Grove Apartments, 27 Dunn Ridge Cove, has a new owner.
Located off Walker Road near Union University, Cherry Grove Jackson Owners LLC sold the 380-unit complex to Cherry Grove Jackson LLC, Cherry Pick TN LLC and Bailard Cherry LLC, 27 Dunn Ridge Drive for $52,000,000.
Business Spotlight – Joseph Kabre, Jamaican & African Cuisine & Catering
Joseph Kabre is a man of few words, but he allows his menu at Jamaican & African Cuisine, 289 Vann Drive, do his talking.
Joseph, who left West Africa for the United States in 1996, made his way to Jackson after relocating from Michigan.
“I moved to Jackson because of the weather,” said Joseph, a husband and father of three, “We opened a grocery store and a dry cleaners, but we’ve put all our efforts into the restaurant.
“We don’t have something like this ( restaurant) in Jackson … it’s unique food in Jackson … the only Jamaican restaurant in Jackson. Our oxtail and jerk chicken are the most popular items.”
The restaurant – which also caters – opened at 101 Carriage House Drive, May 26, 2016, but the popularity of the restaurant required a move to Vann Drive.
“We moved to Vann Drive (September 2020) because we needed more space,” Joseph said, “There’s more traffic and the location is great – we love it.”
Business hours are 11 a.m. to 9 p.m., Monday through Saturday.
FOR MORE LOCAL BUSINESS CLICK HERE
(BUCHANAN REALTY GROUP CLICK HERE sponsors Strictly Business)
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