Crye-Leike Expanding Athens Office to Accommodate Growth
Chattanooga, Tenn. – Crye-Leike, the nation’s 10th largest real estate company, has secured approval from the Athens City Planning Commission to begin construction of a new state of the art facility for its Athens, Tenn. branch office, a move accelerated by the office’s exponential growth over the past 3 ? years.
Crye-Leike’s new Athens office will be located on a 1.04 acre site at Congress Parkway, next to Tractor Supply and less than one mile from the intersection of Highway 30 and Highway 11. Crye-Leike will occupy approximately 4,000 sq. ft. of the 8,610 sq. ft. building to be built. The new office space will accommodate up to 35 Crye-Leike sales associates. They will continue to serve the real estate needs of buyers and sellers in and around McMinn County.
Company officials plan to lease the remaining 4,610 sq. ft. to real estate related businesses such as a mortgage company or title & escrow company, a deviation from current market trends for business center tenants, said company sources. Ron Renegar, commercial manager of Crye-Leike Commercial & Property Management, is handling the leasing of this property.
Crye-Leike is currently running sales operations at its 500 South Congress Parkway location where they had outgrown the space in less than a year since first opening its doors in November 2000.
“When we established an office in Athens, we purchased the old Farm Credit Services building thinking that the space would be adequate for such a small town,” said Harold Crye, chief executive officer. “The growth in the area definitely took us by surprise and the growth in our agent force is a result of that.”
The Strauss Company of Chattanooga is serving as the general contractor for the project and March Adams & Associates of Chattanooga is serving as the civil engineer. Architect is River Street Architects of Chattanooga.
Financing for the Crye-Leike project is being provided by Bank of Athens, a subsidiary of Greene County Bank. The total cost of the project is projected at $1.2 million.
The architecture of the new Crye-Leike building will be consistent with that of its other office locations as built by The Strauss Company. A one-story building is planned with a brick and synthetic stucco storefront, said John Straussberger, owner and president of The Strauss Company. The Strauss Company has built the last five Crye-Leike branch offices, located in downtown Chattanooga, Ft. Oglethorpe, Ga., Hixson, Cleveland and its main headquarters at Gunbarrel Road.
Crye purchased this 1.04-acre property, along with an adjoining 4.04 acres in October 2003 from the late Tom Ziegler, a funeral home operator who passed away right before the closing of the property. Ziegler, who had originally purchased the property with intentions to build another funeral home, chose to sell the property due to his declining health.
The remaining commercial property will be subdivided into three lots, located within the city limits, said Crye. Lot 2 is divided as 1.59 acres and Lot 3 as 1.25 acres, both listed at $125,000 each. The fourth lot with highway frontage is divided as 1.20 acres and listed at $250,000. Wayne Rutherford, managing broker of Crye-Leike’s Athens branch office, is handling the sale of these properties.
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 75 branch and franchise offices located in 39 counties throughout a six-state southern region in Tennessee, Arkansas, Mississippi, Georgia, Kentucky and Florida.
Crye-Leike’s Athens branch office is one of nine Crye-Leike branch offices and nine franchise offices in 14 counties throughout the East Tennessee Region in Bradley, Cumberland, Greene, Grundy, Hamblen, Hamilton, McMinn, Meigs, Putnam, Rhea, Roane, Sevier and Washington counties, including Catoosa County in North Georgia.
Its branch and franchise offices in the East Tenn. Region are conveniently located in Athens, downtown Chattanooga, Cleveland, Cookeville, Crossville, Decatur, East Brainerd, Gatlinburg, Greenville, Hixson, Johnson City, Kingston, Monteagle, Signal Mountain, Soddy-Daisy, Spring City, Talbott, Tenn., including Ft. Oglethorpe, Ga. Crye-Leike sales associates within the Greater Chattanooga area currently total over 380.
For sale or leasing information on this property, contact Crye-Leike, Realtors at 423/887-4371.