Crye-Leike, Realtors Opens Fourth Office in Central Arkansas

Crye-Leike, the nation’s 13th largest real estate company, has opened a branch office in Conway, Ark, the fourth in a stream of corporate offices planned in Central Arkansas says company officials, joining Hot Springs and its two offices in West Little Rock.

Harold E. Crye, chief executive officer, has signed a seven-year lease for 5,400 square feet of office space in a high profile office building located at 1065 Skyline Drive. Crye says the space is sufficient enough to accommodate up to 35 sales associates who will serve Faulkner County as well as surrounding areas.

Managing Broker Named.    Judy Gerber has been named managing broker of Crye-Leike’s Conway branch office. A multi-million dollar producer, Gerber brings to Crye-Leike over 30 years of business experience.  As a Realtor for the past five years, Gerber is a member of the Conway Chamber of Commerce, the National Association of Realtors and the Arkansas Association of Realtors where she serves on its Convention Committee. She also serves as secretary for the Faulkner County Board of Realtors. She holds professional designations as an accredited buyers representative (ABR) and a seniors real estate specialist (SRES).

“We are extremely pleased with the warm reception we have received in the Conway real estate market thus far,” said Gerber. “Crye-Leike is bringing new levels of service to our customers and agents that we don’t currently see being provided by other real estate firms in Central Arkansas, such as being open seven days a week, an appointment center, relocation services and commercial business and investment real estate services.”

Crye-Leike of Arkansas, Inc. reported fourth-quarter sales at $25.8 million in 2002, representing a 114.7 percent increase over same-quarter results a year prior. Its 244 real estate property sales in the fourth quarter of 2002 represent a 102 percent increase over comparable quarterly results a year prior.

The local sales volume in Dec. 2002 was $9 million, up 82 percent from last Dec., representing 81 units closed, a 69 percent increase from the same period in 2001.

Year-end sales volume in 2002 for Crye-Leike of Arkansas, Inc. totaled $77 million, up 54 percent from $50.08 million through 2001. These figures represent 768 in property sales, a 44 percent increase over comparable year-end results in 2001.  The significant increase is reflective of Crye-Leike’s recent move into the Little Rock market in June 2002, making Little Rock Crye-Leike’s fifth regional office, joining Memphis, Nashville, Chattanooga and Johnson City.

Crye-Leike of Arkansas has seven corporate and franchise offices in Arkansas and over 127 sales associates who market residential, commercial, investment property, farms and acreage sales in Craighead, Crittenden, Faulkner, Garland, Mississippi and Pulaski counties. Branch offices are located in Conway, Hot Springs, Jonesboro, Little Rock, West Little Rock, West Memphis, and a franchise office in Blytheville.

Crye-Leike (, a full service real estate company for 26 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 2,300 sales associates and 62 corporate and franchise offices located in 33 counties throughout a six-state southern region in Tennessee, Arkansas, Mississippi, Georgia, Kentucky and Florida. Crye-Leike attained sales of $3.17 billion and 22, 198 closed transaction sides corporate wide in 2002.



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