115 Years and Still Growing – Chattanooga Coca-Cola Bottling Company United, Inc. Finalizes Expansion in Chattanooga
David F. DeVaney, SIOR, CCIM, President of NAI Charter is pleased to announce that Coca-Cola Bottling Company United, Inc., (CCBCU) has purchased 3 properties on Olan Mills Drive including the former Olan Mills facility to build its new state-of-the-art distribution center for Chattanooga CocaCola Bottling Company. The site is comprised of 45 acres and located near State Highway 153. CCBCU plans to invest $62 million to build a new 305,000 square foot distribution and sales facility, creating 43 new jobs while still preserving the 484 local jobs at the Amnicola Highway facility. Operations at the new facility are expected to begin in 16-18 months.
Coca-Cola Bottling Company United, parent company of Chattanooga Coca-Cola Bottling Company, has 3 production facilities and 19 distribution centers located in the southeast. They are the third largest Coca-Cola bottler in the United States employing a workforce of approximately 3,000 people. Founded in 1902, CocaCola produces and distributes more than 750 beverages and over 100 million cases per year.
About NAI Charter
Founded in 1972, NAI Charter is Chattanooga’s premier commercial and industrial real estate service provider with a staff of 7 full time brokers with 4 holding the SIOR designation, 4 holding the CCIM designation and 1 holding the MAI designation. NAI Charter also offers a full-service property management division, Charter Management Company.
Charter Management Company currently manages 15 commercial properties totaling over 800,000 SF. The Charter Management team specializes in streamlining property operations through contractor & vendor relations, fixed cost reduction and tenant satisfaction and retention.
About NAI Global
NAI Charter is a member of NAI Global which is the single largest, most powerful global network of owneroperated commercial real estate brokerage firms. NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. Founded in 1978, today NAI Global member firms span the US and 54 other countries, with 400 offices and more than 5,000 local market experts on the ground, completing $55 billion of transactions annually.