Paddywax candles to move corporate office from Franklin to Sidco Drive
Businessman Joseph Moore pays $7 million for vacant warehouse that will be converted into office and retail space.
An entity linked to Nashville businessman Joseph Moore has paid $7 million for a vacant warehouse building at 2934 Sidco Drive that will be converted into office and retail space.
Upon completion of that work, candle maker Paddywax Inc. will move its headquarters from Franklin into 10,000 square feet of office space at what will be known as the Oak Barrel building. Moore is president and CEO of Paddywax's majority owner, DesignWorks Investments LLC.
The remaining 30,000 square foot of space at the building at the corner of Sidco Drive and Fontana Avenue would be available for lease.
Moore hired Creed Investment Co. as the developer to direct conversion of 2934 Sidco Drive from a mid-century, barrel-vaulted warehouse to a modern office and retail building. Snipes Properties was also hired to handle leasing and property management.
The conversion work will include demolishing roughly 10,000 square feet of the existing 52,140-square-foot building to create more parking.
Joe Moore, president and CEO of DesignWorks Investments (Photo: Submitted)
David Creed of Creed Investment and Stan Snipes of Snipes Properties originally had the contract to purchase 2934 Sidco Drive before assigning their interest in the property to Moore.
"We are very excited to carry forward with our vision for this incredible building," Creed said about his new firm's ongoing involvement with the Oak Barrel building.
Horrell Properties Inc. was the seller of 2934 Sidco Drive, which includes 2.28 acres. Mayer Electric Supply Co. had been the tenant for 12 years before moving out over the summer to a larger building on nearby Kraft Drive.
Southeast Venture brokers J. Roscoe High and Lee White represented Moore's Oak Barrel Office Building LLC in the transaction.