One of downtown Chattanooga’s iconic office buildings, which for decades held the headquarters of the Tennessee Valley Federal Credit Union, has been sold for $4 million to a local developer.
Noon Development LLC plans to renovate the three-story, 62,000-square-foot building to offer multiple suites of professional office space, according to the company.
The building at 715 Market St. backs up to Broad Street, where Chattanooga’s largest credit union offered parking and a drive-thru window, and the structure’s refurbishing is expected to give a boost to the central business district.
Todd Kimling of Noon Development said company officials have seen an increased need for updated, modern office space downtown.
“The renovation and modern facelift of the building will align with the character of Chattanooga,” he said in a statement. “We are pleased to have the opportunity to invest in this great location.”