Harold Crye purchases land in Franklin’s Cool Springs for Crye-Leike branch office

Brentwood, Tenn. – The recent purchase of 3.83 acres of land in northern Williamson County, Tenn. by Harold E. Crye, chief executive officer of Crye-Leike, Realtors, confirms Crye-Leike’s intentions to open a branch office in Cool Springs, one of the fastest growing areas in the southeast.

Cool Springs, a community located off of Interstate 65, south of Nashville, combines class A office space with retail development and some upscale homes and apartments.

Crye is planning the construction of two separate single-story commercial buildings on the purchased property, each approximately 15,000 square feet with some leasing to third parties.

The land was sold to Crye on June 30, 2000 for $1.13 million, $6.75 per square foot, by Smith Crowe Wilson, LLC, land and retail developers of Brentwood. Smith Crowe Wilson is still retaining 10 acres behind the purchased property. The mortgage lender was National Bank of Commerce of Nashville. The title and closing was done by the law firm of Boult Cummings Conners & Berry PLC in Nashville.

The property, located in Franklin, Tenn., is a part of Aspen Grove, a development area that runs west of Mallory Lane to Mack Hatcher Parkway. It rests on the south side of Cool Springs Boulevard between Firstar Bank and Graham Lighting.

“Site work will commence after the entire project is approved by the Franklin Planning Commission,” said Keith Rosenblum, president of Crye-Leike Commercial Sales & Leasing in Brentwood, Tenn., who will serve as the developer and leasing agent for the project. “Our goal is to advance as rapidly as possible to get into the construction phase.”

Ragan-Smith is the civil engineer and Joe Gooch of Memphis is the architect. Plans include adding additional soil to the land to increase site elevation “so it looks level with Cool Springs Boulevard,” says Rosenblum.

“Adding a Crye-Leike branch office in Cool Springs will bring a total of six Crye-Leike offices in that area which demonstrates our confidence in Williamson County’s growth,” said Tom Kimbrough, vice president and general manager of Crye-Leike of Nashville, Inc.

Crye-Leike of Nashville, Inc. has a total of 819 sales associates in 22 branch offices, located in eight counties in Middle Tennessee.

Crye-Leike, Inc. (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 affiliates offices in Tupelo and Oxford, 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.