Crye-Leike Expands Branch Offices in Greater Chattanooga

Chattanooga, Tenn. – Crye-Leike, Realtors, the largest real estate company in Tennessee and the Midsouth, continues to expand in the Greater Chattanooga and North Georgia areas since it first entered Chattanooga’s real estate market in December 1997. Two office plazas, both to be called Crye-Leike Plaza, are currently under construction in Cleveland, Tennessee and Fort Oglethorpe, Georgia. Together, these two projects represent an estimated $4 million and 37,400 square feet in new construction.

Crye-Leike Plaza of Cleveland, Tennessee will be a 14,400 square foot office plaza, located at 4631 North Lee Highway in Bradley County. Crye-Leike’s Cleveland branch office will occupy 4,000 square feet within this office plaza and accommodate a total of 30 sales associates and administrative offices. The remaining 10,400 square feet will be available for lease as retail and office space.

Crye-Leike Plaza of Fort Oglethorpe, Ga. will be a 23,000 square foot office plaza on

6.5 acres of land in Catoosa County. Crye-Leike will occupy a “significant portion of that space for its North Georgia branch,” said Harold Crye, chief executive officer of Crye-Leike, which will accommodate a total of 45 sales associates and administrative offices with the remaining space available for lease as retail and office space.

Crye-Leike secured the approval from the city of Fort Oglethorpe to name the street on which Crye-Leike’s Fort Oglethorpe branch office and office plaza are located as 69 Crye-Leike Drive.

“We selected the Fort Oglethorpe site because Catoosa County is the fastest growing county in the Tri-State area and North Georgia, as well as the fact that Battlefield Parkway is a highly desirable location,” said Crye. The office plaza is located directly across the street from the Wal-Mart Super Center which is also on Battlefield Parkway.

The Strauss Company of Chattanooga is the general contractor and Solar Bear, Inc. (SBI) of Chattanooga is serving as the engineering firm. They estimate completion of these projects in the fall of 2000.

“Excavation has been completed at Crye-Leike’s Fort Oglethorpe site and construction of the building has begun,” said Keith Rosenblum, president of Crye-Leike’s Commercial Sales & Leasing of Brentwood, Tenn. who is the leasing sales associate for both Crye-Leike Plazas in Fort Oglethorpe, Ga. and Cleveland, Tenn. “Our Cleveland branch is one step behind, with the initial site work in progress.”

There are two out parcels adjacent to the Fort Oglethorpe property available for sale that are .96 and 1.31 acres in size, “each with high visibility on Battlefield Parkway,” notes Rosenblum.

Upon completion of the Crye-Leike Plazas, Crye-Leike will have six branch offices in the Greater Chattanooga area and one in the North Georgia area, reports Jack Webb, vice president and general manager of Crye-Leike of Chattanooga, “potentially increasing the total number of Crye-Leike sales associates to 250.” Offices are currently located in downtown Chattanooga,  Cleveland, East Brainerd, Hixson, Signal Mountain, and Soddy-Daisy.

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 $3.35 billion companywide in 1999. Crye-Leike of Chattanooga recorded sales of $50.19 million in its first quarter of 2000, up 43 percent from same-quarter results a year earlier.

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.

 

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