NAI Charter 2013 Transactions

NAI Charter is pleased to announce completed commercial and industrial real estate transactions for the first half of 2013 in excess of $16.5 million. David F. DeVaney, SIOR, CCIM, President, stated that NAI Charter has closed over 44 commercial transactions involving 419,946 SF of space for a value of $18,522,375.

NAI Charter sold or leased 17 warehouses and industrial properties totaling 319,394 SF for a value of $7,473,133. Notable transactions in this sector included Woodbridge Foam, SimplexGrinnell, Express Courier, Consolidated Pipe and SmartFurniture.

NAI Charter also closed 12 office transactions totaling 43,082 SF for a value of $2,699,055. Notable transactions included United Healthcare, Edward Jones, H&R Block and LabCorp.

NAI Charter completed 5 retail transactions totaling 37,801 SF for a value of $4,200,000. Notable transactions included the sale of Battlefield Station and Hixson Crossing.

NAI Charter is Chattanooga’s leading commercial and industrial real estate service provider. The 41-year old company has 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 discounts, fixed cost reduction and tenant satisfaction and retention.

NAI Charter is a member of NAI Global. NAI Global has members in over 300 markets and 55 countries and has an annual commercial and industrial transaction volume of $45 billion dollars and is the world’s largest managed real estate network.