One of Chattanooga’s oldest real estate companies is joining well-known downtown real estate management and development groups in an estimated $60 million merger.

Fidelity Trust Co., SVN Second Story Real Estate Management and Lamp Post Properties have combined to form Aslan Holdings, according to partners Matt McGauley and Tiffanie Robinson.

“We’ve been colleagues for years,” Robinson said in an interview, noting that they recently partnered on a project on the North Shore. “We realized how strong the partnership would be if we did something bigger.”

Fidelity Trust Co., which began in 1912, has been renamed FTC Development and will operate as a commercial real estate development company specializing in innovative and sustainable adaptive reuse and grassroots projects.

SVN Second Story will be the operating company that will handle all management and maintenance of the property as well as rental and brokerage services.

Although the companies collaborate, they remain separate entities, the partners said.

Additionally, McGauley merged its real estate portfolio with that of Lamp Post Properties, making Aslan the largest local portfolio of commercial properties in downtown Chattanooga.

“Downtown is where we planted our flag,” McGauley, CEO of FTC Development, said in an interview.

Additionally, SVN Second Story will have a total of nearly 2 million square feet of commercial, mixed-use and multi-family properties under management, the partners said.

Aslan, the name of the holding company, comes from the lion in CS Lewis’ book “The Lion, the Witch and the Wardrobe,” Robinson said. She said the lion was “agile, flexible and found a way to outwit the odds”.

The headquarters of the merged companies is the Loveman Building. Together, it will employ 32 people.

McGauley said Fidelity has thrived over the years through innovation, a willingness to adapt and not being content with the status quo.

“Our core values ​​and our love for Chattanooga align,” he said. “Our combined resources will enable us to have a greater impact on the city we love, to provide improved services to our customers and to deliver strong and reliable returns to our partners.”

Robinson, CEO of SVN Second Story and Lamp Post Properties, said the mission has always been to deliver the highest quality products and returns to its partners and customers.

She said that with Second Story recently joining the global SVN franchise and now Lamp Post Properties merging with Fidelity Trust Co., “I am more confident than ever that our team will be able to greatly serve customers and communities with which we work.”

“It’s kind of a natural fit,” Robinson said. “The skills everyone brings to the table – that makes a lot of sense.”

McGauley said he and Robinson were like-minded in what they did with their businesses. He cited the recent partnership in the redevelopment of Chattanooga’s former Print and Engraving Building at 110 Somerville Ave. on the North Shore, as well as a new two-story building to be built nearby at 306 Cherokee Blvd. This $17 million project will include apartments and offices.

“It became clear that we could do a lot more together,” McGauley said.

They will continue to focus on downtown, historic buildings and adaptive reuse, but said they plan to branch out into other mid-sized cities in the region.

“We’re committed to Chattanooga, but we see other opportunities,” Robinson said.

She said the merged entity is also considering opportunities in the affordable housing sector.

Lamp Post Properties served as the real estate arm of Lamp Post Group, the Chattanooga-based venture capital incubator launched by partners Ted Alling, Barry Large and Allan Davis, who Robinson says are still part of the holding company.

Lamp Post Properties is committed to creating so-called next-generation spaces inside and outside Chattanooga’s Innovation District, such as the Tomorrow Building off Patten Parkway.

Contact Mike Pare at [email protected] or 423-757-6318. Follow him on Twitter @MikePareTFP.