GBT Realty’s record
A recent letter to the editor referred to a legal judgment against GBT Realty. I was not aware of the judgment, but an article about the issue has arrived in my e-mail inbox.
The question asked was whether GBT is an entity that the city should place its complete faith in, as proposed in the city’s proposed deal with the company…
According to the July 25, 2005, article Judge rejects contempt deal in Target suit, GBT was found in contempt of court because the company ignored a July 2004 court order ordering the company to stop work on development of The Shoppes of Brentwood Hills (a 14-acre shopping center anchored by a Target store). The judge is quoted as saying it was “pretty breathtaking” that GBT president George Tomlin had told crews to keep working when confronted with his restraining order.
With that attitude toward a court order, it is reasonable to ask whether GBT can be depended on to honor the city Industrial Development Board’s proposed legal contract with the company…
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GBT’s record can be summarized from their website by:
“About GBT
GBT Realty Corporation was formed in 1987 by George B. Tomlin, a Nashville-based real estate executive with over twenty five years experience. GBT is based just outside of Nashville in Brentwood, Tennessee. The majority of GBT’s work is carried out in the southeastern United States, but GBT is poised to explore opportunities throughout the country.
Over the past few years, GBT has been involved with the development, construction, leasing and management of over five million square feet of retail development, including grocery-anchored shopping centers, neighborhood centers and regional power centers. GBT’s portfolio ranges from grocery-anchored neighborhood shopping centers to regional power centers. GBT’s many years of experience with local, regional and national tenants includes such names as Publix, Harris Teeter, Lowe’s, Wal-Mart, Target, Walgreens, Best Buy, Circuit City, Ross, Kohl’s, Bed Bath and Beyond, Linens ‘N Things, Marshalls, PETsMART, Petco and Old Navy, to name a few.
GBT provides a wide array of services, such as site identification, project analysis, contract negotiation, acquisition management, construction and development management, property disposition, leasing and property management. Clients and investors profit from the full complement of GBT’s services. The GBT team carefully manages the entire development process, from inception to completion. GBT aspires to increase the value of every property it touches.”
Check out their other current Tennessee projects at: http://www.gbtrealty.com/tenn_projects.htm
Comment by Cracker — June 1, 2007 @ 2:06 pm