LENOIR CITY, Tenn. – Steven K. Maddox & Associates, LLC / Keller Williams Commercial has been retained by Town Creek Properties GP to broker the sale of Town Creek Commons, a Class A Medical Office Building on the campus of Fort Loudoun Medical Center in Lenoir City, TN, a growing bedroom community of Knoxville. The asset was constructed in 2010 and has visibility from Exit 81 of Interstate 75.

KNOXVILLE, Tenn. – Where others see turmoil, Steven K. Maddox of Maddox Companies sees opportunity in the so-called "Wall of Maturities" looming over the US Commercial Real Estate market in 2016. The term refers to the over $600 billion in CMBS loans orignated between 2005 and 2007, most of which have 10 year maturities. It is expected that anywhere from 20 percent to 50 percent of maturing loans will face difficulties. 

KNOXVILLE, Tenn. – Maddox Property Management & Sales, Inc brokered the $3.5 million sale of 9305 Kingston Pike, a 66,511 square-foot former Kroger grocery store in Knoxville, Tenn. Veloce Speedway will open in the building in early 2016. Veloce is a growing chain of European-style indoor go kart centers. Steve Maddox and Brandon Clark represented the Seller, Palo Plesnik of Pacific Palisades, Calif. in the transaction.

KNOXVILLE, Tenn. – Maddox Property Management & Sales, Inc has brokered the $6.7 million sale of Century Park Building I, a 51,604-square-foot Class A suburban office property in Knoxville, TN. Functional Pathways, LLC, a national leader in contract rehabilitation and therapy management services, will relocate its headquarters to the top floor of the building. Steve Maddox and Brandon Clark represented both Buyer and Seller in the off-market transaction.