NAI Charter Announces $4,700,000 Sale of 19 Patten Parkway
For Immediate Release
Contact: April J Linnemann
423.267.6549
april@charterre.com
NAI Charter Announces $4,700,000 Sale of 19 Patten Parkway
CHATTANOOGA, TENNESSEE – February 24th, 2023 – NAI Charter, a member of the world’s premier managed network of commercial real estate firms, announced today that it has sold 19 Patten Parkway on behalf of the owners to 19 Patten LLC.
“Patten Parkway is an iconic and historic address in the CBD”, said President, David DeVaney of NAI Charter. “The renovations of these buildings will have such a long-term positive affect on Chattanooga. It is exciting to see out-of-town developers continue to invest in Chattanooga.”
Located in the heart of downtown Chattanooga, Patten Parkway was once home to the city’s first farmer’s market, the original Coca-Cola Bottling facility and City Hall. This historic Parkway, is within walking distance to The University of Tennessee Chattanooga, Miller Park, and the Central Business District. Patten Parkway has recently been revitalized with a $4.9 million dollar improvement.
About NAI Charter
Founded in 1972, NAI Charter is Chattanooga's premier commercial real estate service provider. Combined, our staff of six full-time brokers offers more than 100 years of experience! Two brokers hold the SIOR designation and two hold the CCIM designation. NAI Charter's national resources and local knowledge help us exceed expectations by delivering finely tuned, premium services. We also offer a full-service property management division, that currently manages 41 commercial properties totaling over 940,000 SF. For more information, visit www.naicharter.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.
