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.
New office construction at St. Mary’s Catholic Church
Construction continues on a new parish office at St. Mary’s Catholic Church, 1665 U.S. Highway 45 Bypass.
HORD Architects designed the facility, and the project is being constructed by Jackson’s Watlington Brothers Incorporated.
Commercial property on Vann Drive sells for $2.7 million plus
Commercial property once home to Furniture Factory Outlet (FFO) in the Columns II at 1505 Vann Drive, has been sold.
Shy Properties GP purchased the 21,500-square-foot facility, which sits on 1.98 acres, for $2,795,000.
The property is vacant and for lease.
Additional commercial property sales –
Commercial property occupied by Arby’s Restaurant, 1984 South Highland Ave., sold in March.
Lucky’s Pizza Huts LLC, purchased the property from BC North Partners for $1,555,555.
Arby’s opened its fourth and newest restaurant in Jackson on January 31, 2022.
In February, property home to a Slim Chickens franchise, 6 Channing Way, sold for $3,120,000.
Slim Chickens opened November 8, 2021.
Also in February, property home to a Wendy’s restaurant at 873 Vann Drive sold.
Cactus Development Partnership purchased the property from WRG Realty for $2,711,115.
The building was renovated and reopened for business in March 2019.
Jackson-Madison County Community Economic Development Commission Grant Application due April 8
The Jackson-Madison County Community Economic Development Commission (CEDC) will be accepting Tourism Grant requests for the FY 2023. Applications are accepted from non-profit, non-governmental organizations, and for-profit businesses that demonstrate the ability to complete the proposed event or activity in Madison County. Please refer to the grant guidelines.
According to a press release from Lori Nunnery – CTTP, TMP, FEP, Executive Director – if you would like to request funds from the CEDC, please complete the enclosed Grant Application and supplemental items and return to the address listed below prior to 12 p.m. on Friday, April 8, 2023:
Jackson Convention and Visitors Bureau / Visit Jackson, TN
CEDC Grant Applications
197 Auditorium
Jackson, TN 38301
Upon receipt, all applications will be reviewed and considered for the FY 2023 budget. Please note an economic impact analysis will be completed on each event by calculating the room nights booked.
Please provide the following in order:
Completed Application and Event Description
Copy of your non-profit status if eligible
Project Budget
Financial Statement or the most recent Audit
In the absence of an Audit please include the organization’s overall budget
If you are utilizing funds for a program of work, please identify specific projects for which the funding will be utilized
All Applicants are required to submit event information, including promotional materials for inclusion in Jackson’s marketing and social media campaign. Additionally, the Visit Jackson, TN logo is to be included in the applicant’s promotions. Should you have questions, please contact Jackson Convention and Visitors Bureau / Visit Jackson, TN at 731.425-8333.
Real estate market report – Jackson & Madison County
According to the Multiple Listing Service
New construction homes sold in February – 8
Number of active listings for sale in February – 80
Average days on the market – 19
Number of homes sold in February – 83
The Median sales price for a home in February – $191,000
YEAR TO DATE
NUMBER OF HOMES SOLD – 170
NEW HOMES SOLD – 17
AVERAGE DAYS ON MARKET – 19
MEDIAN SALES PRICE – $215,500
FOR MORE LOCAL BUSINESS CLICK HERE
(BUCHANAN REALTY GROUP CLICK HERE sponsors Strictly Business)
David Thomas, Twitter – @DavidThomasWNWS
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