The Offering
Jones Lang LaSalle (“JLL”) is pleased to offer the unique opportunity to acquire fee simple interest in The Gateway, a 11.2-acre office property located at the base of Cameron Hill in Chattanooga, TN. Situated at the nexus of Downtown, Cameron
Harbor, and Westside, the Gateway is an incredibly rare opportunity to acquire a large parcel of land in the heart of Downtown Chattanooga. The property is currently being used a flex office totaling 182,384 SF which is owned and occupied by BlueCross BlueShield of Tennessee. C-3 zoning allows for redevelopment flexibility as residential / multi-family is a
permitted use with a 5-story height limit. This part of Chattanooga is a rapidly transforming area, with
“The Bend,” a $4 billion mixed-use project, breaking ground this Fall.
Chattanooga has emerged as one of the hottest places to live and work in the Southeast. The city has been the target of private sector investment – with major companies like General
Electric, NOVONIX, Unum, and Volkswagen all expanding their
presence in the city. Since 2017, there has been over $2.9 billion worth of private investment, resulting in over 8,600 new jobs. This explosive economic growth has built a tremendous amount of momentum that’s driving multifamily demand, with over 3,600 new units being delivered onto the market over the past 5 years. The Gateway is nestled between the charm and activity
of old Chattanooga and the new, rapidly exploding Waterfront district.
Property Details
| Address: | 401 West Martin Luther King Blvd, Chattanooga, TN |
| Property Type: | Flex Office Space |
| Building Size: | 182,384 SF |
| Site Size: | +/- 11.20 Acres |
| Current Zoning: | C-3 (Central Business Zone) |
| Permitted Uses: | Office, Commercial, Residential (Multifamily or Townhomes) |
| Parking Spaces | 499 |
Contacts