NAI Charter Brokers Long Term Office Lease in SunTrust Office Tower

David F. DeVaney, SIOR, CCIM and Jeff Jennings, CCIM, both of NAI Charter, announce the execution of a long term lease by TractManager at the SunTrust Office Tower in downtown Chattanooga.

TractManager will be moving into the 10th and 11th floors where they will occupy the entirety of each floor; a total of 14,900 sf.

Headquartered out of Saddle Brooke, New Jersey TractManager’s Chattanooga operations center will provide organizations proven technology and expertise for cost effective and efficient contract management. TractManager, a current tenant which was originally placed in the building by NAI Charter, will be vacating a smaller suite, part of which is currently under a letter of intent agreement to be filled by a different tenant.

The SunTrust building which is exclusively leased by NAI Charter is one of Chattanooga’s premier downtown office towers and is located at 736 Market Street. More than $1Million dollars has recently gone into further enhancing this iconic building. Only one full floor is currently available in the 18 story building.

NAI Charter Real Estate Corporation is Chattanooga’s leading commercial and industrial real estate service provider. In 2010 the company completed over $34 million in commercial and industrial transactions. The 39-year old company has a staff of 7 full time brokers, 4 of them holding the SIOR designation and 4 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.