Chattanooga Christian School has been paid $6,540,000 for three parcels it recently sold just north of the South Broad Street campus.
The school about 10 years ago had acquired three tracts across W. 33rd Street after a warehouse operation went out of business. The price for all three was under $1 million.
The Crane property was purchased from Hickory Land Company for $595,000. The parcel in front of it on Williams Street was bought from Dealers Warehouse for $266,667. The parcel across from it and behind the motel was purchased from Jim Sheets for $106,000.
Eads Holdings LLC. bought the property about the same time it purchased the former Raines Brothers on Main Street. It plans a mixed-use development there.
The former CCS property is set to hold close to 400 new residential units.
Another section of the mixed-use development will include space for small business offices.