Crye-Leike Ranks No. 28 among Largest Private Companies in Memphis, Tenn.; Ranks No. 23 as Fastest Growing
Memphis, Tenn. – Memphis-based Crye-Leike, a full service real estate company and the largest real estate company in Tennessee and the Mid-South, announced that it has attained top rankings among Memphis, Tennessee’s largest and most successful private companies.
A recent research report, produced by the Memphis Business Journal, ranked Crye-Leike No. 28 among the largest private companies in Memphis, Tenn., a move upward from its No. 33 ranking in 2002. The report further ranked Crye-Leike No. 23 among Memphis’ fastest growing private companies and No. 21 among Memphis’ largest employers.
The rankings were a part of the Memphis Business Journal’s annual Top 100 Private Companies list. The business journal based the rankings on the companies’ gross revenues in 2003, a criteria established by journal’s researchers due to the broad spectrum of industries represented on the list.
Additional criteria included that companies must maintain their headquarters in the Memphis metropolitan statistical area (MSA). The MSA includes Shelby, Fayette and Tipton counties in Tennessee, DeSoto County in Mississippi and Crittenden County in Arkansas.
Crye-Leike generated $126.6 million in gross revenue in 2003, a growth in revenue of 16.97 percent compared to $108.4 million in 2002.
Belz Enterprises, a real estate development & management company, was the only other real estate related business in Memphis that was ranked among the top 25 of the Top 100 Private Companies list.
Crye-Leike reported 320 full-time employees in 2003 compared to 273 in 2002. Crye-Leike was the only real estate related business included in the list of 23 businesses disclosed among the journal’s Largest Top 100 Employers list.
Crye-Leike has a total of four regional hub offices located in Memphis, Nashville and Chattanooga in Tennessee and in Little Rock, Arkansas. Crye-Leike’s regional hub office in Memphis has a sales force of over 1,200 sales associates located in nineteen (19) branch and four (4) franchise offices in eight (8) counties throughout the regions of West Tennessee, Eastern Arkansas and Mississippi. Those regions include Hardin and Shelby counties in Tennessee; Crittenden County in Arkansas; and DeSoto, Lee, Lowndes, Marshall and Union counties in Mississippi.
Crye-Leike (www.crye-leike.com), a full service real estate company for 27 years, is the nation’s 10th largest real estate company and the largest serving Tennessee and the Mid-South. It has a network of over 2,800 sales associates and 74 branch and franchise offices located in 40 counties throughout a six-state southern region in Tennessee, Arkansas, Mississippi, Georgia, Kentucky and Florida. Crye-Leike attained sales of $3.66 billion and 24,953 closed transaction sides corporate wide in 2003.
As a full service real estate company, Crye-Leike offers real estate and related services, including: residential real estate services; relocation services; commercial business and investment real estate services; property leasing and management services; REO – bank-assisted homes; mortgage lending facilities; insurance services; title services; home services; auction services; apartment locator services; franchise sales and builder resource services.