Ribbon Cutting Ceremony for New Bellevue Office

Nashville, Tenn. – Crye-Leike, Realtors held a ribbon cutting ceremony on Thurs., April 19, 2001, for its newly-established Bellevue branch office, located at 224 Old Hickory Blvd. The Bellevue office is the first of several expansion offices Crye-Leike plans to open to the west of Nashville, says Tom Kimbrough, vice president and general manager of Crye-Leike of Nashville, Inc.

“Crye-Leike is committed to serving home buyers and sellers in all of Middle Tennessee. We intend to position ourselves to support the impact on development resulting from the completion of Interstate 840 in the western counties.”

Among those state and local dignitaries who attended the ribbon cutting ceremony were: State Representative Tim Garrett of District 50; State Senator Douglas Henry Jr. of District 21; Civil Judge Leon Ruben and Councilman Vic Lineweaver of District 35.

Crye-Leike’s new Bellevue location, located just north of intersection Highway 70 South and Old Hickory Blvd, is in 4,000 square feet of office space that accommodates 30 sales associates who will serve the west Nashville area, including Bellevue, Fairview and Cheatham and Dickson counties.

Based on 2000 statistics from the U.S. Census Bureau, Bellevue grew at a rate of 35.5 percent – almost three times faster than the rest of Davidson County at 11.6 percent. After 10 years of steady growth, the population of this southwest Davidson County community is approaching 30,000 from 20,219 in 1990. The largest growth spurt was south of Old Hickory Boulevard and west of Highway 70 South.

“Crye-Leike’s new Bellevue branch office provides a great location for our company in west Nashville,” notes Kay Crawford, Crye-Leike’s Bellevue branch manager. “Crye-Leike sales associates will now be able to better serve clients from Dickson County to Belle Meade. Previously, our most western office was Green Hills.”

Crye-Leike’s Bellevue branch office is open seven days a week and features its fully automated and staffed appointment center as in all Crye-Leike offices. ” We make it easy for any real estate agent in the area who wants to show a Crye-Leike property to make an appointment for a showing,” said Crawford. “The appointment center is open 12 hours a day, seven days a week, from 8 a.m. to 8 p.m. and receives up to 400 calls daily.”

Crye-Leike, Realtors is one of a few real estate companies to open an office in the Bellevue area. But why so few?

Real estate companies have been discouraged from establishing branch offices in the Bellevue area because of two key reasons, notes Keith Rosenblum, president of Crye-Leike Commercial Sales & Leasing in Brentwood, Tenn.  “Commercial land is expensive in Bellevue: $10 to $12 per square foot or $500,000 to $600,000 an acre. Secondly, it is almost impossible to get zoning changes. So, real estate companies are forced to search for an existing building in that area that meets their needs and has already met zoning requirements.” Crye-Leike purchased two existing buildings for its Bellevue branch office as well as for tenant leasing for $710,000 at $75 a square foot.

Crye-Leike (www.crye-leike.com), the largest real estate company in Tennessee and the Mid-South, entered Nashville’s real estate market in 1992 as Crye-Leike of Nashville, Inc. Its new Bellevue location brings the total number of Crye-Leike branch offices to 20 in the Middle Tennessee area. Offices are located within Davidson, Maury, Montgomery, Robertson, Rutherford, Sumner, Williamson and Wilson counties, including one Tennessee franchise in Monteagle, Grundy County. Sales associates in the Nashville area currently total over 800. Crye-Leike of Nashville, Inc. recorded 7,491 units sold in 2000, representing a sales volume of $1.08 billion.

As a privately held company, Crye-Leike attained sales of nearly $3 billion corporatewide in 2000, the second best year in the company’s 23-year history. Nationally, Crye-Leike is ranked No. 10 among the nation’s top 500 residential real estate brokerage firms, as reported in May 2000 by REAL Trends Magazine.