Chattanooga Choo Choo

There is no more historic masterpiece of Americana than the Chattanooga Choo Choo. From its storied dome entrance and hotel train cars to its fame as the music industry’s first “Gold Record” song, the Chattanooga Choo Choo has been an iconic destination for millions of travelers and the true heartbeat of Chattanooga. When the nearly 30-year ownership group decided to sell the historic property, the challenge was how to maximize investment value selling a historic urban property without the benefit of national credit tenants and on-site parking during the pandemic business distractions and uncertainty.

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Regions Bank

Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services. Regions serves customers across the South, Midwest, and Texas. Regions Corporate Real Estate had accumulated a total space footprint of more than 18M SF. Regions had substantial vacancy across its owned and leased assets with no program in place to identify and monetize those assets to support expense offset and income.

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130 Innovation Drive

Spring Branch LLC, developers from Knoxville had commenced a speculative industrial development located in the Spring Branch Industrial Park with direct access from I-75 and Exit 20 in Bradley County Tennessee. Spring Branch LLC was self-marketing the property but felt they were not generating sufficient activity to either sell or lease the property upon project completion and engaged Wilson Steele for support.

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Elliott Davis Decosimo

Decosimo, founded in 1971 by Joseph Decosimo, is one of the most recognizable names in Chattanooga’s accounting sector. Decosimo’s consistent long-term growth over a more than 20-year term of lease, within its existing Chattanooga HQ facility, had created a challenge in terms of functionality, interdepartmental communications, and talent acquisition.

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