Last updated Friday, September 7, 2007 11:57 PM CDT in Business

 

BY THE MORNING NEWS

 

Crye-Leike Realtors will construct a new office building in Bella Vista at the corner of U.S. 71 and Benton County Road 40.

 

Financial terms were not disclosed, but the Memphis-based real estate company said in March it would spend approximately $8 million in the next three years constructing four new offices in the two-county area.

 

Construction on the new site will begin in the next two months and should be completed by February 2008. Harrison-French and Associates of Bentonville will provide the architectural and engineering services for the project.

 

Crye-Leike, the nation's fourth largest real estate company, came to Northwest Arkansas earlier this year with plans to hire 150 agents in 2007 and increase to 400 in the next three to four years.

 

The company is doing business in five locations across Northwest Arkansas and has recruited 85 agents since opening in March.

 

The company has 125 offices located in seven states across the Southeast region. In 2006, Crye-Leike had combined sales of $6.1 billion.