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Features

The old Walmart property located at the Holly Springs Plaza was sold to the highest bidder last week.

“There were eight groups registered and approved for bidding,” said Sam Young, president of DTZ, the firm who handled the online auction. “All eight bidders were bidding early in the process, but once a certain price was hit, it narrowed down to three bidders for several rounds.”

Young noted that the final two bidders went back and forth for several rounds, causing the auction to exceed pricing expectations. Young could not yet confirm who won the winning bid, but noted that the information will be public once the deed is recorded. The starting bid on the 155,000 square foot property was set at $750,000. After the auction ended, the purchaser had two hours to submit the signed purchase contract, and closing is expected to occur 30 to 45 days from the auction end.

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Each week, hundreds of visitors from all across the southeast visit Franklin's Tourism Development Authority's website for information on coming events, where to stay, and what to discover while in town. With so much traffic visiting the website each week, Premiere Marketing, which handles the TDA's marketing efforts, encouraged board members to consider focusing on the website's blog in the coming year.

During their July meeting, TDA members voted to allow Brittney Raby to volunteer her time to work with Premiere to write the group's blog. Raby told board members that she plans to involve local business owners in the blog and give them an opportunity to write about events and assets to Franklin, and in return, the blog posts will include information about the business owner and where the business is located within Franklin.

"By getting a buy-in from local businesses, the TDA gets the blog content they need to increase website traffic, and local business owners have a unique opportunity for some free marketing," said Raby during the TDA meeting.

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With a little help from Macon County, a local business will receive nearly $90,000 from the state for upgrades and improvements. Brasstown Beef, LLC, which has recently taken ownership of Nantahala Meats, secured a Rural Development grant from the state in the amount of $87,777 to support the expansion of the 11,340-square-foot building located along West Palmer Street in Franklin.

Nantahala Meats has operated on West Palmer Street since 1947 when the original building was constructed, and now, with the transition to Brasstown Beef, will be able to expand and add additional jobs to the local economy.

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The Holly Springs Plaza with its vacant storefronts is all too common in small town USA as the big box stores move in and out, leaving empty shopping centers. But that might all change by the end of the month. According to Sam Young, Vice President of DTZ, a commercial real estate firm, an online auction for the Holly Springs Plaza Property will open later this month on July 20.

"The entire process is conducted through the Auction.com website," said Young. "The auction is July 20 through July 22. Due Diligence information for Holly Springs Plaza is hosted and accessible to registered prospects on Auction.com."

Those interested in the property can register for the auction online.

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