Construction of Business Park Begins in Columbia

Nashville, Tenn. – Construction of a business park has begun on 11.68 acres of land at Highway 31 North in Columbia, Tenn., owned by Harold E. Crye, chief executive officer of Crye-Leike, Realtors. The site will include the future home of Crye-Leike, Realtors’ Columbia branch office, which is currently located in leased office space at 2010 Elmer Pogue Drive.

The site was purchased by Crye, under his development corporation for residential and commercial development, SunSouth, LLC, for approximately $1.3 million. It is zoned for mixed use, “to give the ability to develop the property as a business park,” noted Crye.

Crye plans to build two one-story retail buildings, totaling 29,000 square feet, as phase I. Building I will have 10,000 sq. ft., housing Crye-Leike’s Columbia office as the primary tenant. Building II will be 19,000 sq. ft. Completion is projected for April 2001.

A restaurant user is currently being sought to purchase the outer .98 acre parcel, located in the front portion of the site, notes Keith Rosenblum, president of Crye-Leike Commercial & Property Management in Brentwood.

Crye-Leike is seeking retail sized users who would utilize 1,500 to 19,000 sq. ft. “We will deliver turn-key improvement to deliver the space for each tenant,” said Rosenblum.

Century Construction Company, Inc. in Franklin, Tenn. is serving as the general contractor. James D. Webb & Associates in Columbia, Tenn. is the civil engineer. Site work was by Smith Trucking & Excavating Co., Inc. Architect is Joe Gooch of Memphis, Tenn. with interior design by Jack Rainey of Rainey Contract Design in Memphis, Tenn.  Lender for the project is National Bank of Commerce, headquartered in Memphis, Tenn.

Crye-Leike Commercial & Property Management is a division of Crye-Leike (www.crye-leike.com), the largest real estate firm in Tennessee and the Mid-South. Independently owned and operated, Crye-Leike’s sales volume of $3.3 billion in 1999 ranked it 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.

Crye-Leike of Nashville Inc. has 20 branch offices in eight counties in Middle Tennessee: Davidson, Maury, Montgomery, Robertson, Rutherford, Sumner, Wilson and Williamson counties, with its commercial and property management divisions located in Brentwood.