Contributed photo / Warehouse Row’s new owner, The Simpson Organization, says it wants to continue the momentum in the downtown Chattanooga retail and office complex.THE SIMPSONORGANIZATION
Atlanta company’s downtown Chattanooga holdings:› Warehouse Row: 260,295 square feet› SunTrust Bank Building: 140,726 square feet› 728 Market (under construction): 146,000 square feet› Total: 547,021 square feet
An Atlanta real estate group has bought Warehouse Row, adding to the company’s holdings in downtown Chattanooga and emerging as one of the central city’s biggest stakeholders.
The Simpson Organization has made the Market Street office and retail complex its third major property downtown, and the company indicated it may not be finished with its buying spree.
“We like the dynamics of downtown Chattanooga,” said Boyd Simpson, the company’s chief executive. “If there are other opportunities we thought were equally positive, we’d also be interested in those.”
He declined to reveal the purchase price for the 260,295-square-foot, five-story collection of former warehouses at 1110 Market St.