Crye-Leike to Heighten Presence in East Memphis

Memphis, Tenn. –  Crye-Leike, the largest real estate company in Tennessee and the Mid-South, announces a branch office opening in East Memphis, its second branch office expansion within the Greater Memphis area that follows the company’s recent decision to also locate into northeast Shelby County.

Opening a branch office in East Memphis was prompted by the company’s desire to heighten its presence in East Memphis, notes Harold E. Crye, chief executive officer.

This new East Memphis office makes it Crye-Leike’s 20th branch office in the Memphis region. The region includes North Mississippi and part of Eastern Arkansas as well as three franchise offices.    Crye-Leike has signed a 10-year lease commitment for its East Memphis location at 585 South Perkins in Laurelwood Collection shopping center, across the street from Seessel’s grocery store. The previous tenant was Blockbuster Video. Crye-Leike will occupy 6,518 square feet of office space.

Native Memphian Tom Kimbrough, vice president and general manager of Crye-Leike of Nashville, Inc. for the past three years, has been named branch manager of this new East Memphis office.

He will be responsible for the sales production, recruitment and management of 50 sales associates who market residential and commercial real estate sales in Shelby, Fayette and Tipton counties.

Affiliated with Crye-Leike for the past 10 years, Kimbrough has over 43 years of broker experience in the real estate industry and holds professional real estate designations as a certified real estate brokerage manager (CRB), a certified residential specialist (CRS) and a Graduate, Realtor Institute (GRI). As Crye-Leike’s general manager of residential real estate in the Middle Tennessee region, he also held the dual role as branch manager of Crye-Leike’s Brentwood West branch office. He has served as past president of the Memphis Area Association of Realtors and is a life member and past president of MAAR’s Multi-Million Dollar Club. He also was branch manager of Crye-Leike’s Hickory Ridge office. He currently serves as a board member of the Tennessee Association of Realtors.

“Many ask us why we haven’t opened an office in East Memphis sooner,” said co-founder Dick Leike. ” We felt that our Quail Hollow and Kirby branch offices were sufficient enough to service clients in East Memphis, but in the back of our minds, we knew that one day we would need to open an East Memphis office.”

“With Crye-Leike doing more business in East Memphis, we were encouraged by our sales associates to open an office there to make it more convenient for them to serve clients in the area,” said Kimbrough. “This new office will compliment our sales activities generated from our other branch offices. We plan to recruit agents to ultimately bring the total to 50 sales associates in the new facility.”

According to the Multiple Listing Service of the Memphis Area Association of Realtors, there were a total of 2,277 new and active listings in the East Memphis area from January 1 through October 31, 2001 compared to 2,134 a year prior. Of those listings, Crye-Leike represented 25 percent in East Memphis compared to 26 percent during this same time period one year prior.

Company officials project renovations to the East Memphis Crye-Leike office to be completed by January 2002. General contractor for the project is Priester & Associates of Germantown, Tenn. Space planning and office design is by Jack Rainey of Rainey Contract Design in Memphis, Tenn.

For the past three years, Kimbrough has managed 21 Crye-Leike branch offices in nine counties within Middle Tennessee. ” It has been a challenging experience, but with great branch management in place and our Crye-Leike sales team achieving a closed sales volume of over $1 billion, I’m ready for new opportunities,” said Kimbrough.

Kimbrough recalls that he not only is returning to Memphis but also coming back to the roots of his real estate career. “My father bought 10 acres of farm land at Poplar Avenue and Perkins Road in 1946. I opened my first real estate office on that property with my father’s real estate firm, R.R. Kimbrough & Co., My office was in a small framed building located exactly where Crye-Leike’s new East Memphis branch office will be located today in the Laurelwood Collection which is property I still own.”

Crye-Leike (www.crye-leike.com) is the nation’s 13th largest real estate company and the largest serving Tennessee and the Mid-South. It has a network of over 2,200 sales associates and 56 branch and franchise offices located in 25 counties throughout a five-state Mid-South region in Tennessee, Arkansas, Kentucky, Mississippi and Georgia. Crye-Leike, Inc. in Memphis has a sales force of over 1,100 sales associates who are located in 22 branch and franchise offices in eight counties throughout a three-state Mid-South region: Tennessee, Arkansas and Mississippi.

 

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