Blue Ridge Realty and Development have moved from One Lakeside Centre to Brookview Town Centre, another of Blue Ridge’s developed, owned, and managed properties. As of September 14, 2020, we are located at 265 Brookview Centre Way, Suite 602. Our team is excited to allow room for the expansion of tenants in our previous building while making a move that will locate us more centrally to the our other managed properties. We look forward to continue providing excellent service to our tenants and clients.

Is your company ready to make a move? We now have space available at our prestigious Brookview Town Centre development. Contact us today to setup a showing.

The effects of COVID-19 have led many businesses to reconsider their office space needs. One trend is clear: many companies are moving away from the Central Business District and into the suburbs. Another emerging industry trend is not so straight-forward. Some companies are considering downsizing in anticipation of a permanent shift toward more employees telecommuting. Others are contemplating more space, as shared workspaces and cramped cubicles may no longer be an efficient way to keep employees safe.

For those employees expected to remain in the office, it will be more important than ever to provide an appealing workspace to improve company loyalty and minimize frustration among peers that are able to work from home. According to an article published by the Harvard Business Review in 2019, the majority of employees surveyed (58%) said that fresh, allergen-free air would improve their wellness. Another 50% said they would work and feel better with some view of the outdoors.

If your company is lacking the amenities that would help it stand out, Blue Ridge Realty has office space available now for direct lease and sublease ranging in size from 7,000 to 12,000 SF at our prestigious suburban Lakeside Centre office complex. Three Lakeside Centre provides plenty of opportunities for “fresh air” breaks with a covered outdoor patio, a lakefront waterfall and walking trail on the property, and walking distance to many Northshore shops and restaurants.

Contact us today to schedule a showing at 865-470-4868.

Despite the ongoing global pandemic and the declining sales volume in the retail sector of the commercial real estate industry nationwide, Blue Ridge Realty has completed the sale of Brookview Market A, part of its Brookview Town Centre. The building was finished in 2010 and is part of a mixed-use project that includes retail, offices, and a hotel.

Brookview Market A is in the Papermill area off N Northshore Drive. It comprises 12,667 SF and houses restaurants including Five Guys Burgers & Fries, The Casual Pint, and Rosati’s Pizza. Other establishments include Casa Blanca Nail Bar, Sports Clips, and the newest tenant, Vonn Jones Hair Salon, which is currently under construction.

Brookview Market A sold to OTN Retail Centre Three, a California-based owner with a local presence who will also take over property management of the building.

If you or your company is looking for suburban office space convenient to shops and restaurants with natural amenities, contact Blue Ridge Realty to see how we can help at 865-470-4868 or email.

When you need a good advisor, this is where our experience and expertise come into the picture! Find a good commercial real estate agent who knows the local market, including unlisted properties. An agent is critical in negotiations with vendors and we take pride in being advocates for our clients. If you’re in Knoxville or the surrounding area, we’d love to talk to you about your commercial real estate needs.

Next, you’ll want to ask your agent to research market values for the kind of space and location you want. Make sure those values align with your budget to ensure that your expectations are realistic and you’re properly informed to talk to vendors.

Often a company’s needs do not go hand in hand with its budget. You may have to pay more than you’re expecting to get what you need. However, knowing how much your budget can stretch is important to keep your business from overreaching.

A good lawyer can also be beneficial in negotiating a purchase. We recommend going with a lawyer that deals with commercial real estate transactions on a daily basis. If you’re working with us, we have several we’d be happy to recommend.

Start by setting up an appointment early on with your accountant and financial partners to establish a budget and get pre-approved for financing.

Setting up a sound budget in the beginning can be effective in negotiating your offer because you know what you can afford. You can find a great property but if it’s way over your budget then you shouldn’t put yourself and your company at risk.

Remember to explore all your options for commercial real estate financing. Keep in mind that your budget has to cover more than just purchase price. It will also need to cover items such as environmental and structural assessments, renovations, moving, down time during the transition, land transfer tax, legal fees, any realty commission and an amount for contingencies.

Lastly, your bank may need additional documentation for financing such as additional up-to-date financial statements for your business or an environmental report from an approved accessor. Knowing what your bank will need before agreeing to financing and what conditions you will need to meet can save time and frustration when it comes to closing a deal.