NAI Charter Brokers Industrial Sale
David DeVaney, CCIM, SIOR & President of NAI Charter and Jeff Jennings, CCIM also of NAI Charter, announce the sale of 4162 South Creek Road. DeVaney assisted the purchaser, Chickasaw Management, LLC and Jennings assisted the seller, Development Company of America (DCA) in the transaction.
The 61,500sf industrial building located just off Amnicola HWY sold for $1,650,000 on January 6, 2011. Brian Kopet of Title Guaranty and Trust handled the title work and closing.
Chickasaw Management will be leasing the entire property to South Atlantic Galvanizing (SAG). Prior to the sale SAG leased 25,000sf of the building, and they will now expand into an additional 36,500sf which was previously vacant. SAG is one of the regions premier sources for hot dip galvanizing services and products. They provide rapid quality coating service for manufacturers and fabricators throughout the southeast United States.
Founded in 1947, DCA is a real estate development and investment firm headquartered in Westminster, Maryland.
NAI Charter Real Estate Corporation is Chattanooga’s leading commercial and industrial real estate service provider. In 2009 the company completed over $29 million in commercial and industrial transactions. The 38-year old company has a staff of 7 full time brokers, 4 of them holding the SIOR designation and 5 holding the CCIM designation.
NAI Charter is a member of NAI Global. NAI has members in over 350 cities and 40 countries giving NAI Charter the ability to service client’s real estate needs anywhere in the world by providing local knowledge with international reach. NAI Global has an annual commercial and industrial transaction volume of $40 billion dollars and is the world’s largest managed real estate network.