Riverview Tower sold to major Knoxville bank

Apex Bank acquires 24-story downtown office building for $44.17 million

Apr. 7, 2026 at 8:26pm

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A photorealistic studio still life featuring a sleek, minimalist model of the Riverview Tower office building in Knoxville, Tennessee, captured with dramatic lighting and shadows to symbolize the strategic corporate investment behind the property acquisition.The purchase of Knoxville's iconic Riverview Tower by a major regional bank signals confidence in the city's continued economic growth and development.Knoxville Today

Downtown Knoxville's iconic Riverview Tower has been sold to Apex Bank, a major regional financial institution. The 24-story office building, one of the tallest in the city's skyline, was purchased by Apex Bank on April 7 for $44.17 million.

Why it matters

The sale of Riverview Tower represents a significant investment in Knoxville's downtown core by a major regional bank, signaling confidence in the city's continued economic growth and development. As one of the largest office buildings in the area, the tower's new ownership could lead to changes in tenancy and building operations.

The details

Apex Bank, a regional financial institution headquartered in Knoxville, closed the sale on the 900 S. Gay St. building on April 7. The 24-story Riverview Tower is one of the largest office buildings in Knoxville's skyline.

  • Apex Bank closed the sale on Riverview Tower on April 7, 2026.

The players

Apex Bank

A major regional bank headquartered in Knoxville, Tennessee that purchased the Riverview Tower office building.

Riverview Tower

A 24-story office building located at 900 S. Gay St. in downtown Knoxville, one of the largest in the city's skyline.

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What’s next

It remains to be seen how Apex Bank will manage the Riverview Tower property and whether any major changes to tenancy or operations will occur under the new ownership.

The takeaway

The sale of the prominent Riverview Tower to a major regional bank signals continued confidence in Knoxville's downtown commercial real estate market and the city's overall economic trajectory.