Crye-Leike Grows with DeSoto County

Memphis, Tenn. – In an effort to keep up with the rapid growth in DeSoto County, Miss., Crye-Leike, Realtors will be further expanding into North Mississippi, with a third branch office. The new branch office will be located in the county seat of Hernando at 2170 Highway 51 within the Oak Tree shopping plaza.

“We see continued dynamic growth in North Mississippi,” said Harold E. Crye, chief executive officer and co-owner of Crye-Leike, Inc. “This year, one of our goals was to have a third office in DeSoto County. Our new Hernando location will bring us closer to the casinos which is part of the catalyst for the growth in this area.”

Crye noted that this is one of Crye-Leike’s smaller offices, at approximately 2,000 sq. ft., but for a reason. “We intend to stay in this leased space over the next three to four years, and then build our own building in a new Hernando location once we determine the market size,” he stated.  The current office is planned to accommodate 14 sales associates, “some of whom may be relocating from other Crye-Leike Mississippi offices in Southaven and Olive Branch,” said Crye. He added that no managing broker has been named at this time.

When the lease agreement begins July 1, Crye said that extensive remodeling will be made to the existing office space over the next 30 to 60 days.

Crye-Leike (www.crye-leike.com) , the largest real estate firm in Tennessee and the Midsouth, has over 2,100 sales associates who operate in 50 branch offices, located in 20 counties and six regional areas, Arkansas, Chattanooga, Johnson City, Memphis, Mississippi and Nashville. Crye-Leike also has three franchise offices in Oxford and Tupelo, Miss. and Monteagle, Tenn. As a privately held company with over 480 employees, it attained record sales of $3.3 billion corporatewide in 1999. Nationally, Crye-Leike is ranked No. 10 among the nation’s top 500 residential real estate brokerage firms and No. 3 among the nation’s largest 161 privately owned independent real estate companies, as reported in May 2000 by REAL Trends Magazine. Recently, Crye-Leike was ranked No. 36 among the Top 100 private companies in Memphis based on revenue as reported by the Memphis Business Journal.

 

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