NAI Charter Brokers St. Elmo Office/Investment Sale
David F. DeVaney, SIOR, CCIM & Jeff Jennings, CCIM both of NAI Charter announce the sale of 3918 Tennessee Avenue from Soapstone Partners to Walston Investments. On February 11, 2011 Walston Investments purchased the 6,000sf building which is located in historic St. Elmo at the base of Lookout Mountain for $515,000. The closing was handled by Brian Kopet of Title Guaranty & Trust.
Dr. Timothy Case occupies slightly over 2,000sf of the property for his dental practice. Attorney Brian Smith is also a current and future tenant. The balance of the building will soon become the corporate offices of Pro-Ad Sports.
Since 1973, Pro-Ad Sports has specialized in screen printed apparel for college, pro sports, high school and other seasonal events. Pro-Ad Sports’ licensed products are sold at mass market retail outlets, such as Dollar General, Walgreens, CVS, Family Dollar, Kroger, Piggly Wiggly, Fred’s, HEB, Fry’s, Shop Rite and many other grocery, drug and convenience stores nationwide.
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.