W
allace Real Estate marked a significant milestone with the grand opening of its new Downtown Knoxville office at 625 S Gay Street #205. The event, co-hosted by the Knoxville Chamber, celebrated the company's return to its roots in the heart of the city. This second-story office boasts a vintage view of the iconic Journal Arcade building.

    The Journal Arcade was once home to Wallace & Wallace Real Estate when it was founded in 1936 by James A. Wallace and his son Charles. The younger James Wallace Jr. joined after World War II, guiding the company through decades of growth as neighborhoods like Island Home and Sequoyah Hills emerged. Under their leadership, Wallace Real Estate made significant contributions to Knoxville's development beyond real estate sales.

    Principal Broker Jennifer Montgomery is leading the new office, which aims to honor the company's legacy while embracing the future. Montgomery's Local Lore initiative highlights East Tennessee's unique history and culture, aligning perfectly with the office's mission. With a master's degree in urban planning and over two decades of experience in real estate sales, Montgomery is poised to serve both residential and commercial clients.

    "We're thrilled to reconnect with our roots and serve this dynamic area," Montgomery said. "Downtown Knoxville has transformed into a vibrant hub of culture, commerce, and community." The downtown office is a testament to Wallace Real Estate's commitment to the region it has proudly called home since 1936.