COOKEVILLE, TN., - The Cookeville/Cumberland region has not been immune to the global economic and real estate market downturn. With the start of a new year, several indicators point to improving conditions for real estate values and investment opportunities across the region.
One of those 'positive signs' is a decision by the state's largest real estate firm, Crye-Leike, REALTORS, to launch a new Commercial Division based out of Cookeville, Tennessee.
"Crye-Leike Commercial has placed great confidence in the Cookeville-Middle Tennessee market." said Bill Monday, Managing Broker of Crye-Leike Commercial, Cookeville. "Our company is putting its money where its mouth is based on many positive indicators on the outlook for the region and commercial real estate as a good investment."
According to Monday, Cookeville is ranked #1 as the strongest Micropolitan area in the state - where economic growth has historically been steady and healthy. Micropolitan is a term used for a community that is too urban to be called rural and too rural to be called urban. In essence - Cookeville is the ?mother town' of the region.
"The Tennessee Valley Authority forecasts that more than 45% of the population of the US will be living in the southeast within the next 20 years and Cookeville is smack in the middle," said Monday. "TVA anticipates increasing production capacity by 30 percent within the next ten years and the 'Cookeville Trade Area' is in the eye of a fruitful storm as I see it."
Monday points to the arrival of Volkswagen to Chattanooga, Hemlock Semiconductor to Clarksville and Wacker Chemie to the Cleveland area - as more evidence of positive indicators for the region. He sees Cookeville at an intersection at the center of the state's recent business development - along the Interstate 40 corridor - with the opportunity to benefit through increased retail and commercial real estate activity.
"There's already proof of this in the number of annual visitors to the area's great natural resources, lakes, parks and recreation areas," said Monday. "Existing businesses can also attest to this as both the Cookeville restaurants O'Charley's and Cheddars rank as #1 stores for their respective chains and the city's Krystals, Lowes, Walgreens and Wal- Mart retail outlets are also top ranked stores in sales."
The new Crye-Leike Commercial, Cookeville division already includes four licensed Business Brokers offering auction and real estate sales services. The team currently serves the Middle Tennessee counties of: Bledsoe, Cannon, Clay, Cumberland, DeKalb, Fentress, Jackson, Macon, Morgan, Overton, Pickett, Putnam, Smith, Trousdale, Van Buren, Warren, White and Wilson.
"Almost daily we talk with folks who are interested in moving to God's Country," said Monday. "We're happy to visit with people wanting a business, moving a business, needing land or office space, wanting development property or just requesting more information."
An official Grand Opening Ceremony for the new Crye-Leike Commercial, Cookeville office in partnership with the Cookeville-Putnam County Chamber of Commerce will be held later in the spring.
More About Crye-Leike Commercial Managing Broker Bill Monday
Crye-Leike Commercial Managing Broker Bill Monday is a licensed Realtor in Tennessee based out of the company's new Commercial Branch Office located at 1400 Neal Street. He specializes in business brokerage and real estate sales and leasing with a focus on land, commercial, industrial, retail, office, restaurant, hotel-motel, healthcare, churches and auctions.
Monday brings more than four decades of experience as a manager, officer, director and business owner in a variety of industries that include: Convenience Food Stores, Retail & Wholesale Catalog Showroom, Wholesale Grocery & General Merchandise, Franchisor of Retail Stores, Manufacturing, and Residential & Commercial Construction.
For all your real estate needs and personal referrals, please contact Crye-Leike Commercial, Cookeville Managing Broker Bill Monday directly by phone at 931-526-3853 and you can email him at info@MondayTN.com.
About Crye-Leike, REALTORS
Harold Crye and Dick Leike established Crye-Leike, REALTORS in 1977. Today, Crye-Leike?, the nations 6th largest real estate company, has a network of more than 3,500 licensed sales associates based out of 141 corporate and franchise offices located through-out the nine-state southern region of Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina and Oklahoma.
Crye-Leike is a full-service real estate company offering buyers and sellers services in: residential and commercial sales, mortgage, title, insurance, business brokerage and investments, property management, development and construction, builder resources, REO bank-owned properties, relocation, auctions, and home services. In 2009, Crye-Leike attained a sales volume in excess of $3.9 billion with 24,983 homes sold.
Crye-Leike Opens Commercial Division in Cookeville, TN
January 20, 2010