NASHVILLE, TN. - Brentwood based Crye-Leike Commercial and The Blonder Group, LLC, today announced they have completed the sale of a marquis downtown office building, located at 333 Union Street, in Nashville's central business district. The Voss Development Corporation from Oxnard, California purchased the 36,000 square-foot four-story office building located at the corner of 4th Avenue and Union Street in the heart of the financial district.
In addition to David Stremic, Crye-Leike Commercial president, J. Randolph Ayers, vice president and director of Crye-Leike Commercial sales co-brokered the sale with Ira A. Blonder, managing general partner of The Blonder Group, LLC. Formally the headquarters for Fifth Third Bank, it is currently configured as a retail and corporate bank branch with the first and second floors available for lease.
"This will be the first time Crye-Leike jointly markets & leases a commercial building in downtown Nashville" commented David Stremic who oversaw the facilitation of the purchase on behalf of Voss Development Corp. "We partnered with Ira Blonder, managing partner of The Blonder Group, LLC, because of his expertise and reputation in bringing commercial transactions, like 333 Union, to a successful conclusion."
Ira Blonder commented, "Co-marketing the 333 Union Building with Crye Leike Commercial offers The Blonder Group, LLC an interesting platform, unique to Nashville. I believe this is the first time two commercial firms are jointly leasing and marketing a downtown office building. Given the building's prime location and existing configuration as a financial institution, it is ideally suited for a bank. Given Crye-Leike's market prominence, I am excited at the opportunity to work with David and Randy, on behalf of Voss Development.
The Blonder Group, LLC (http://www.blondergroup.com/) provides corporate real estate advisory services, specializing in landlord and tenant representation, investment brokerage, corporate and retail site location, and raw land development. The Blonder Group, LLC is an affiliate partner of CRESA Partners (http://www.cresapartners.com), the sixth largest provider of commercial real estate services worldwide.
Crye-Leike Commercial (http://www.crye-leike.com/commercial/) is a full service commercial real estate company and division of Crye-Leike Realtors, the nation's 6th largest real estate company. The commercial brokers of Crye-Leike Commercial have a 20-year history of providing comprehensive brokerage, leasing, site selection and investment real estate services to its clients.
Crye-Leike Commercial and The Bloner Group, LLC Completes Sale of 333 Union Street
June 14, 2006