Crye-Leike, REALTORS Announces the Retirement of Hugh Huffaker

Crye-Leike, REALTORS Announces the Retirement of Hugh Huffaker
???????????????????????????????Chattanooga real estate legend and visionary Hugh Huffaker is honored at his retirement party hosted by Crye-Leike?s Downtown Chattanooga office on March 11, 2009. From Left to Right: Jack Webb, Harold Crye, Hugh Huffaker. (Photo by: The

CHATTANOOGA, TN., Crye-Leike, REALTORS announces the retirement of Chattanooga real estate legend and visionary Hugh Huffaker from the company.  A retirement reception and farewell party for Hugh was held, Wednesday, March 11, 2009 2:00pm – 3:30pm at the company’s Downtown Chattanooga branch office located at 1201 Market Street.


“In Hugh’s 55 years in the real estate industry, he has been one of the most reputable people in the business,” said Jack Webb, Crye-Leike Broker and former President of Huffaker Realtors. “He not only was very successful in the real estate business but also in the Chattanooga community. Hugh built his reputation by caring for the needs of others and had a tremendous talent for building positive relationships.”


Mr. Hugh Huffaker has served as President of the Chattanooga Association of Realtors, Chairman of the of McCallie School Board Of Trustees, and served on other numerous boards throughout his career, said Webb.


Hugh and his brother Bob Huffaker started out working for Ferger Brothers in the 1950’s, where they sold both real estate and insurance. Hugh continued selling real estate for Ferger Brothers until he founded Huffaker, Inc. Realtors in 1982. His company grew to become the largest independent real estate company in metro Chattanooga with 100 agents and offices in East Brainerd, Signal Mountain, Downtown, and Hixson.


“When Hugh first considered starting to slow down a little, we decided to approach Harold Crye of Crye-Leike, Realtors which had grown tremendously at that time in Memphis and Nashville,” said Webb. “In December 1997, Crye-Leike acquired Huffaker’s four offices and nearly all of the company’s 100 agents stayed on board.”


Hugh remained active with Crye-Leike in both a consulting and sales role until now. Since Crye-Leike, REALTORS bought Huffaker Inc. Realtors more than 10 years ago, the company has grown into 10 existing residential sales offices.  In 2008 Crye-Leike posted a gross sales volume of $505-million dollars with more than 3,100 homes sold in the region making the company #1 in the region in both volume and homes sold for the first time.


“The trustworthy real estate company Hugh Huffaker established provided Crye-Leike with a solid foundation to enter the Chattanooga market,” said Crye-Leike CEO and Cofounder Harold Crye. “Hugh has been a remarkable asset to Crye-Leike and his presence in the company will be deeply missed by many people. We all wish him a very happy retirement.”


Hugh’s immense fascination with real estate led him to obtaining his license and building one of the largest and most successful companies for the industry in Chattanooga.


“Mr. Hugh as he is affectionately called, is a beloved member of the real estate community in Chattanooga,” said Barbara Feagans, Crye-Leike Chattanooga Marketing Director. “His talents and achievements in real estate paved the way for Crye-Leike to thrive in Chattanooga.”


Crye-Leike came into Chattanooga with high hopes of being #1 in the market. Huffaker’s well known company helped Crye-Leike meet that goal in a short period of time.


“Our goal many years ago and still today is to be Tennessee’s real estate company so that when anyone is moving in or to the state, they will think of us,” said Crye. “Hugh Huffaker helped Crye-Leike make great strides in reaching that goal and becoming #1 in Chattanooga.”


Harold Crye and Dick Leike established Crye-Leike, REALTORS in 1977.  Today, Crye-Leike?, the nations 4th largest real estate company, has a network of more than 3,500 licensed sales associates based out of 126 corporate and franchise offices located in 65 counties through-out the eight-state southern region of Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi and North Carolina.


Crye-Leike is a full-service real estate company offering buyers and sellers services in: residential sales, mortgage lending, title, insurance, business brokerage and investments, property management, development and construction, builder resources, REO bank-owned properties, relocation, auctions, and home services referrals.  In 2008, the Crye-Leike organization attained a sales volume in excess of $4.2 billion with 25,871 homes sold.