Saturday, March 3, 2012

Chattanooga, Tenn., Automotive Firm to Sell Two Downtown Buildings.

Byline: Dave Flessner

Jan. 12--Two of Chattanooga's most historic buildings will soon be sold as part of the liquidation of the city's oldest manufacturer.

North American Royalties Inc., the parent company of Wheland Automotive Industries which filed for bankruptcy protection last November, gained approval Friday to sell both the Dome Building and the old Carnegie Library Building in downtown Chattanooga. The historic buildings at Georgia Avenue and East Eighth Street have served as NAR's corporate headquarters since 1969.

"Both of these buildings are a part of the historic fabric of this community," said Mike McGauley, president of Fidelity Trust …

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