I just got off the horn with Roger Moore, president of the real estate services firm Sperry Van Ness/R.M. Moore, which helped oversee the sale, and he said the new owners have “no definitive plans” yet but could potentially lease the lower portion of the building for restaurant and office space.
(Moore by the way is no relation to the baddest a$$ James Bond but a nice guy nonetheless.)
The new owners, he said, are a group of local investors, dubbed Regas Property, LLC.
“I can’t say as of yet who they are because they don’t want it made public yet, but they have a passion for Knoxville and the Regas,” he said. “The property is important to them to maintain and as part of Knoxville’s history.”
Moore added that the investors, in part, also purchased the iconic building because there were other potential suitors that wanted the property but planned to demolish it.”