The Church of Scientology Religious Trust has bought the Fall School Business Center on 8th Avenue.
The Scientology trust purchased the executive suit building at 1130 8th Ave. S. along with adjacent properties at 1112 and 1114 8th Ave. S. for $6 million from Fall School Associates June 26, according to records and the Davidson County Register of Deeds.
"It was just a persistence of the part of the buyer to continue to purse and be interested in a historic building," says Gary Haynes owner and managing partner of the Fall School Business Center. "There is a point at which the buyer becomes more motivated than the seller."
According to Davidson County records, the appraised value of the three parcels of land is about $1.84 million.
"It was a good deal," Haynes says.
Current tenants will have 120 days to move out of the 36,000-square-foot building at which point it will be turned over to the new owners who occupy the whole building, Haynes says.
The Falls School building was constructed in 1898 as an elementary school, and is on the National Registry of Historical Places.
Haynes says it was very important that the historic building be well preserved by its new owners, and looking at other historic buildings purchased by the Church of Scientology around the country, he was convinced there buildings character would remain intact.