After being resuscitated by Loeb Properties Inc. Newby’s on the Highland Strip has received a new lease on life — literally.
Larry Thompson and his business partners just inked the deal on the 539 S. Highland St. property. The former 535 S. Highland St. building, which had also been occupied by the original Newby’s, will be leased to a separate tenant.
Loeb bought both buildings from Paragon Bank in December 2014 after Newby’s fell into foreclosure. Loeb then proceeded to do what they are known for: take an old building, mend its aging bones and find new tenants. Part of the update included replacing the roof and installing new plumbing and electric.