Fidelity Trust Company, SVN | Second Story, And Lamp Post Properties Join Forces In $60 Million Merger Of Equals

Wednesday, May 4, 2022

SVN | Second Story Real Estate Management, Fidelity Trust Company, and Lamp Post Properties have joined forces to better serve the greater Chattanooga real estate market, properties under management and their clients.

SVN | Second Story is the operating company handling all property management and maintenance, as well as providing leasing and brokerage services. Fidelity Trust Company has rebranded as “FTC Development” and will operate as a boutique commercial real estate development firm specializing in unique, innovative and sustainable adaptive reuse and ground-up projects. Although the companies collaborate, they remain separate entities.

Further, Matt McGauley and Lamp Post Properties have merged their real estate portfolios under a single holding company, now the largest, locally owned portfolio of downtown commercial properties in Chattanooga. Following the merger, SVN | Second Story now has a total of nearly two million square feet of commercial, mixed-use and multifamily properties under management, and growing.

J. Matthew McGauley, president of FTC Development, said, “Fidelity Trust Company has thrived for 110 years through constant innovation, willingness to be adaptable and never being satisfied with the status quo. I couldn’t be more excited to write the next chapter of our storied history alongside SVN | Second Story. Our core values and love for Chattanooga align. Our combined resources will lead to making a greater impact on the city we love, providing enhanced services to our clients, and delivering strong, reliable returns to our partners.”

Tiffanie L. Robinson, president and CEO of SVN | Second Story and Lamp Post Properties, said, “Our mission has always been to provide the highest quality product and returns for our partners and clients. With Second Story Real Estate Management recently joining the SVN global franchise, and now Lamp Post Properties merging with Fidelity Trust Company, I am more confident than ever that our team will be able to greatly serve the clients and communities we work with."


2-Story Office Building In East Ridge Sells For $1.3 Million

Property At 700 E. Main By The Railroad Sells For $2.1 Million

Strip Mall In Hixson Sells For $10.75 Million


A two-story office building in East Ridge has sold for $1.3 million. The location is 5512 Ringgold Road. Built in 1987, it has s paces ranging from 510 square feet up to 5,000 square feet. ... (click for more)

A long stretch of vacant land just off Main Street on the Southside has sold for $2.1 million. The location at 700 E. Main is between Madison Street and the railroad. The sale was to Chattanooga ... (click for more)

A strip mall at 5380 Highway 153 in Hixson has sold for $10,750,000. Developer Bassam Issa sold the property to Paulina Limited Parnership. The property is occupied by Gabe’s, Ollie’s, ... (click for more)



Real Estate

2-Story Office Building In East Ridge Sells For $1.3 Million

A two-story office building in East Ridge has sold for $1.3 million. The location is 5512 Ringgold Road. Built in 1987, it has s paces ranging from 510 square feet up to 5,000 square feet. The sale was to T4 Llc from Nandlal Khatri. (click for more)

Property At 700 E. Main By The Railroad Sells For $2.1 Million

A long stretch of vacant land just off Main Street on the Southside has sold for $2.1 million. The location at 700 E. Main is between Madison Street and the railroad. The sale was to Chattanooga Builders Llc from General Electric Co. New residential units are expected to go up at the site. (click for more)

Breaking News

Supt. Robertson Sees "Many Positive Results" In Latest TCAP Data

Hamilton County students scored at or above statewide proficiency levels in more than 64 percent of tested areas during the 2021-22 school year according to district-level TCAP results released by the Tennessee Department of Education on Wednesday morning. Of the 28 content areas tested in grades 3-12, Hamilton County students met or exceeded proficiency scores from the state ... (click for more)

EPA Awards Chattanooga $4.9 Million To Clean Up Polluted Sites

At a press conference at the U.S. Pipe/Wheland site, Environmental Protection Agency officials announced that the federal agency has awarded Chattanooga $4.9 million in funding to tackle brownfields in the city, "helping turn contaminated sites into productive economic opportunities." The funds consist of two $500,000 grants - one for analysis, one for cleanup - and $3.9 ... (click for more)

Opinion

Dangerous Dam At Ketner's Mill Has Claimed Too Many Young Lives

Something must be done about the dangerous low head dam at Ketner’s Mill on the Sequatchie River in Whitwell, Tn. (Marion County). This dam is a dangerous public safety hazard that has claimed the lives of many young people through the years. It seems to me to be grossly negligent for the owner of this dam (which no longer serves any purpose) to continue to allow unknowing ... (click for more)

Uncovering Chattanooga’s Hidden Gem

Missionary Ridge is Chattanooga's "diamond in the rough" that can spearhead a new era in our city's growth. Way back on Nov. 25, 1863, soldiers under the leadership of General Ulysses S. Grant stormed Missionary Ridge and broke the back of the Confederacy. The Battle of Missionary Ridge demonstrated the superior forces of the industrialized North and gave their soldiers a chance ... (click for more)