Commercial real estate continues to grow in Jackson as Buchanan Realty Group closes two deals to finish 2020.

According to a press release from Summer Paris – Paris Creative Agency – Buchanan Realty Group (BRG) represented the seller in the sale of the 12,000-square-foot building located at 1270 Union University in Thomsen Farms.

FSC WTH Jackson TN LLC purchased the property from FirstChoice Property & Development LLC for $3,843,000.

“Net lease properties are still in high demand as investors look for safe and predictable income streams while also taking advantage of low interest rates,” said Brandon Buchanan, Principal Broker at Buchanan Realty Group.

BRG also represented Drury Development Corporation in the sale of 1.7 acres in Park Place West located at Exit 85 on Interstate 40.

Drury Development Corporation sold the property to OB Land LLC, for $1,775,000.

“This site is arguably the best hotel site in Jackson,” said Buchanan. “It is right in the middle of a mix of retail, restaurants and entertainment. It has the potential to pull in traffic from the hundreds of sports teams that play at the sportsplex and from the thousands of travelers on Interstate 40.”

(PHOTO: 1270 Union University Drive – courtesy Summer Paris – Paris Creative Agency)