Busy Corner of Granny White and Old Hickory Fast Changing

Brentwood, Tenn. – The residential landscape at the southeast corner of Granny White and Old Hickory Blvd. is fast changing its character. A 1.46 acre lot, zoned commercial OL (office limited), has been sold on April 26, 2000, to Harold E. Crye for $490,000. The property is located across the street from Bethel World Outreach Center and borders, but is not a part of, neighboring Maryland Farms Office Park.

The listing and selling sales associates were Jim Terrell of Crye-Leike, REALTORS? in Brentwood and Keith Rosenblum of Crye-Leike Commercial Sales & Leasing in Brentwood.

“The property has a high traffic count and easy access which makes a prime location for a commercial building, ” says Crye, chief executive officer of Crye-Leike, the largest real estate firm in Tennessee and the Mid-South.  He says plans for the building space include utilizing it to handle the rapidly growing divisions of Crye-Leike.

Crye’s property is next to two adjoining parcels that intersect at one of Brentwood’s busiest and congested corridors. Two corner parcels were sold last year to Ritzen Development Group as a one corner development. The remaining parcel is still available for sale.

“All these properties sit on both Williamson and Davidson county lines with a dominance in Davidson County,” said Rosenblum. “They have a Brentwood address, but are under the development jurisdiction of Metro-Davidson County.”

The high traffic count at the corner of Granny White and Old Hickory Blvd. and its single lane intersection have caught the attention of the Tennessee Department of Transportation to consider a recent proposal to widen this intersection into four lanes. Motorists have felt some traffic relief with a recent addition of a left turning arrow street light for both north-south and east-west bound traffic. In his purchase, Crye allowed for the widening of the road in front of his property which would be .253 acres.

“We don’t see the widening of the street in front of the property as a problem, ” said Terrell. “Instead, it will increase accessibility and visibility for the tenants and their clients.”

Williamson County has benefited from Crye-Leike’s expansion of offices into the Middle Tennessee area since 1992. Their strong presence in Brentwood includes three office buildings that total in excess of 60,000 sq. ft. in office space for Crye-Leike: 5055 Maryland Way, better remembered as the old Brentwood library, which now serves as a Crye-Leike branch office for over 65 sales associates; 130 Wilson Pike Circle which houses its commercial, leasing and property management division; and 5111 Maryland Way, another branch office for over 95 sales associates as well as for its administrative offices.

Crye-Leike was founded in 1977 in the Memphis area. It entered Chattanooga’s real estate market in December 1997.

Crye-Leike (www.crye-leike.com) has over 2,200 sales associates who operate in 46 branch offices, located in 16 counties, primarily in Tennessee, along with select Crye-Leike offices in Mississippi and Arkansas. As a privately held company, it attained record sales of $3 billion corporatewide in 1999, the best year reported in company history. Nationally, Crye-Leike is ranked No. 13 among the top real estate brokers in the United States as reported in 1999 by Real Trends Magazine.