A Florida real estate company has emerged as the leading bidder for a high-profile tract on Chattanooga’s downtown riverfront, and the firm reportedly has a potential tenant or two.
A U.S. Bankruptcy Court judge in Chattanooga on Thursday agreed to the proposed sale of a vacant 6.6-acre piece of property to a company related to Boca Raton, Fla.-based Halvorsen Holdings for $5.5 million.
Jerrold Farinash, trustee in Chattanooga businessman Allen Casey’s bankruptcy case, said Halvorsen is conducting due diligence on the property that’s located on the North Shore across from Ross’s Landing.
He declined to name the possible property user, but said it’s a commercial one and that there’s a “secondary tenant” as well.
About Halvorsen Holdings
The real estate company says its mission is for its grocer, restaurateur, health, medical and service-retail merchants to better serve their customers. In Tennessee, Halvorsen’s website says it’s developing an upcoming grocery-anchored shopping center in Murfreesboro.