Chambliss Real Estate Section Closes Deal on Chattanooga’s Largest Industrial Site Addition in 20 Years
Chambliss real estate attorneys recently assisted Rise Partners, a commercial real estate firm, with its purchase of a portion of the former DuPont facility in Chattanooga, TN. With the current shortage of industrial and warehousing facilities in the city of Chattanooga, the purchase of this property presents a unique opportunity for Rise and an important contribution to Chattanooga and Hamilton County. Due to the unique economic opportunity around this property, the tax increment financing involved, and the development history of this site, this project proved to be complex and intricate from a practical and legal perspective
The Chambliss legal team, led by Kirby Yost, Martha Millener, Andy Leffler, and Justin Powers, assisted Rise throughout the acquisition of the property for this project, including strategizing around winning the bid to purchase the property, working through complex environmental and title issues, and assisting with the closing of the purchase transaction. Chambliss will continue to support Rise with its ongoing legal needs for the project as development continues. The purchase transaction closed on September 23, 2022.
The Chambliss real estate team is devoted to working together to serve our clients on a wide variety of developments, and efficiently and effectively guide them through the complexities of real estate transactions to achieve desired results. As demonstrated with this closing, Chambliss takes a proactive approach and focuses on working collaboratively with all parties and professionals in a manner that achieves client objectives. If you are in need of our legal services, contact a member of our real estate team.