Collierville Office Relocates and Expands
Memphis, Tenn. – Crye-Leike, Realtors’ branch office in Collierville, Tenn. has expanded and relocated operations into a new company-owned office plaza at 435 North Byhalia Road. The move allows the company to broaden its real estate services into new areas of growth within Fayette County and North Mississippi, Marshall County, said Harold E. Crye, chief executive officer.
Crye-Leike’s new location occupies 8,245 square feet of office space, accommodating 70 sales associates, a 32 percent increase in office capacity from its previous location. The office is located a few blocks north of Poplar Avenue in Collierville.
“Our Collierville branch office has outgrown its space due to growth in our sales associate population, which is indicative of what is happening to the area’s population growth,” said Steve Brown, vice president and general manager of Crye-Leike Inc. of Memphis. ”
The Collierville Chamber of Commerce reports that since 1990, Collierville has led suburban communities in housing starts, with 908 single family residential permits issued in 1995 and an average of 540 new homes every year for the last five years.
The Collierville Chamber of Commerce further reports that when the reserve area surrounding the town of Collierville is annexed, the town will be made up of 25,006 acres of residential properties; 3, 112 acres of commercial and office properties; 1,162 acres of industrial properties and 3,244 acres of parks and open spaces. The chamber projects population estimates to be 66,200 people by the year 2020.
Crye-Leike’s Collierville branch office features the company’s latest “smart” technology.
“Every work station in our new building is designed to accommodate the needs of our independent agents who are tech savvy,” said Jeanne Lubiani, managing broker. “Each work space has computer accessibility to the Internet. Sales associates can bring their own personal computers or Palm Pilots, or utilize the firm’s own personal computers. A network card allows the sales associates’ personal computer ‘to blend with the Crye-Leike network,’ interacting with the company’s Intranet and Internet.”
“With Crye-Leike’s additional marketing programs like Smartline, an automated 24-hour information telephone line about the property, and virtual tours to Crye-Leike Home Services, a free network of home and family related services, our sales associates are equipped with the most leading edge technology in the real estate industry,” said Lubiani.
This one-story plaza, owned by Harold E. Crye and Dick Leike, co-founders and owners of Crye-Leike, Realtors, totals 16,800 square feet. Development of this two-acre property is valued at $2.35 million, including land and construction costs.
Renaissance Group of Memphis served as the architect with Crye-Leike Commercial & Property Management as the developer. Priester & Associates of Memphis was the general contractor. National Bank of Commerce of Memphis was the lender.
Crye-Leike is the primary tenant. Other tenants secured include Realty Title & Escrow Company, Inc., Edwards Jones, Quality Carpets and Kathy’s Nails, reports Collins Michael, commercial leasing manager of Crye-Leike Property Management. “Currently, there is 1,500 sq. ft. of space remaining and available for lease.”
Crye-Leike (www.crye-leike.com), a full service real estate company for 25 years, 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 57 branch and franchise offices located in 26 counties throughout a five-state Mid-South region in Tennessee, Arkansas, Kentucky, Mississippi and Georgia. Crye-Leike attained sales of $2.95 billion and 20,768 closed transaction sides corporate wide in 2001.
Crye-Leike, Inc. in Memphis has a sales force of over 1,100 sales associates who are located in 23 branch and franchise offices in eight counties throughout a three-state Mid-South region in Tennessee, Arkansas and Mississippi. Crye-Leike, Inc., along with Crye-Leike of Mississippi, Inc., collectively sold 9,904 units in 2001 with a sales volume of $1.5 billion. Crye-Leike’s Collierville sales associates generated $78.1 million in sales volume in 2001.