Trust pays $19.6M for animation business building | Development

A North Davidson County warehouse property home to a animatronics company with clients including Disney World has sold for $19.6 million — a relatively noteworthy transaction of late based on price, use and location.

The new owner of the property, with an address of 101 Fernco Drive (and an alternative address of 2834 Brick Church Pike), is a California-based family trust, according to a source who asked to go unnamed.

A 77,710-square-foot warehouse sits on the 7.61-acre property and is home to Animax Designs, which creates sculptures, 3D characters, costumes and animation related to the film and television industries.

Charles Fawcett, who founded Animax Designs in 1989, was the seller. Two years ago, he sold the business to Singapore Based CityNeon Holdings but kept ownership of the building and leased it to Animax.

The…

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