News for the week of Monday, November 11, 2013

Late-Breaking News
Closing Held on Baptist Center Property
By
11/11/2013

Randy C. Davis, second from left, executive director of the Tennessee Baptist Convention, and Wes Turner, left, an attorney representing the TBC in the sale, sign papers Nov. 8 selling the Baptist Center property in Brentwood to the H.G. Hill Realty Company. Representing H.G. Hill were CEO Jimmy Granbery, second from right, and Linda Boggess. The TBC received a signed contract for the property in late October. H.G. Hill Realty purchased the property for $8,750,000. With funds saved from not having to pay broker’s fees and earnest money from the sale of the property that did not materialize last February, the convention will have about $9 million for its relocation, Davis said. The TBC will be allowed to stay rent free at its current location for up to a year. For more information about the sale of the property, refer to the Oct. 30 issue of the Baptist and Reflector.
 

 

View the original News article at http://www.tnbaptist.org/BRNews.asp?ID=4968

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