The building housing the Tyler Morning Telegraph, 410 W. Erwin St. in downtown Tyler, has been sold.
The buyer of the property is Atlas Credit and the Young family. Atlas Credit, which has been doing business in Tyler since 1968, will be relocating from South Tyler to downtown, those involved with the sale announced Monday.
The Tyler Morning Telegraph property is across from their former office. The company intends to relocate their corporate headquarters this year and has plans to renovate the building for potential tenants, according to a news release.
The approximately 43,000 square foot space was renovated in 2016. It includes offices, a warehouse and a fitness gym, The Press, that is open to the public. Other amenities include more than 100 parking spaces, retail space and easy access to downtown.
Atlas Credit plans to expand The Press to possibly include a climbing gym and yoga studio, the announcement said.
Drake Real Estate & Investments announced the sale. Casey Hymer, Founding Partner of Drake, and Hagan Baker facilitated the sale.
“Marketing a large downtown property seemed like a challenge that could require a long selling cycle,” said Nelson Clyde, representative for T.B. Butler Publishing Company Inc., the seller in the transaction. “Casey and Hagan brought excellent service, creativity, and went the extra mile to get our campus sold within months of listing. I was pleased with every aspect of the transaction.”
The sale comes after the Tyler Morning Telegraph operations were acquired by Longview based M. Roberts Media in November 2018.
Drake Real Estate & Investments offers commercial and investment real estate services in the Southern United States. It offers specialist knowledge in industries from commercial to industrial, office and retail, residential, income and investment properties, land, farm and ranch.