Nashville, Tenn. - Crye-Leike Commercial Real Estate Brokerage & Property Management announces the relocation and expansion of its regional headquarters in Brentwood into a new company-owned office building located at 1187 Old Hickory Blvd. in Nashville, Tenn.
The move was prompted by the company's desire for greater visibility as well as expansion room for its rapidly growing commercial division, said Harold E. Crye, chief executive officer of Crye-Leike and owner of the 1.46 acre property which is valued at $1.8 million, including land and construction costs.
Crye-Leike Commercial will occupy 7,000 square feet of the newly-constructed 13,100 square foot office building, moving from its previous secluded location at 130 Wilson Pike in Brentwood. The new facility, located across the street from Bethel World Outreach Center, accommodates up to 30 Crye-Leike commercial brokers and management staff who serve Middle Tennessee and surrounding counties.
The area directly adjacent to Crye-Leike Commercial, located at the corner of Granny White and Old Hickory Blvd., is a high traffic intersection that for years experienced significant growing pains. Road and land improvements are now underway to widen the intersection into four lanes.
"Our timing to open this new office could not have been better," said Keith Rosenblum, president of Crye-Leike Commercial Real Estate Brokerage & Property Management. "We knew when we purchased the property that the Tennessee Department of Transportation had a proposal on the table to widen this intersection, but you never know if and when those kinds of projects will actually come to fruition. We see the widening of the street in front of our property as an asset in increasing visibility and accessibility for our clients."
Crye sold .253 acres of the site to the State of Tennessee Department of Transportation for use in widening the road in front of the property.
Crye-Leike Commercial plans to hold its grand opening on Tues., July 16, 2002, 4 p.m. to 6 p.m. The event will include a ribbon cutting ceremony by the Brentwood Chamber of Commerce, followed by a tour of the facility.
Crye-Leike Commercial, a division of Crye-Leike, is a full service commercial real estate company offering business and investment real estate services from its five regional commercial offices in Memphis, Nashville, Murfreesboro, Chattanooga and Johnson City. Combined, the five regional branch offices have averaged nearly $100 million in brokerage sales and lease volume for the last five years. The commercial brokers of Crye-Leike Commercial, which total 50 company wide, have a 19-year history of providing comprehensive brokerage, leasing, site selection and investment real estate services to its clients.
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 Mi-South. It has a network of over 2,200 sales associates and 60 branch and franchise offices located in 28 counties throughout a five-state region in Tennessee, Arkansas, Kentucky, Mississippi and North Georgia. Crye-Leike attained sales of $2.95 billion and 20,768 closed transaction sides corporate wide in 2001.
Crye-Leike Commercial Relocates into New Company Owned Office Building
June 24, 2002