NAI Charter Facilitates Retail Sale

David F. DeVaney, SIOR, CCIM, and President of NAI Charter announces the completion of the sale of a 12,800sf retail building located at 7351 Commons Blvd. The former Ethan Allen store sold for $1,150,000. The Seller was Cornerstone Bank and the Purchaser was Eras Mines. Tom Dupree of Results Realty represented the Purchaser. Eras Mines is the president and owner of Art Creations located on Frazier Ave. Art Creations was founded in 1973 and is the oldest art and frame shop in Chattanooga. Mr. Mines is a Certified Picture Framer (CPF) and a Guild Certified Framer (GCF).

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NAI Charter 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 transaction volume of $45 billion Dollars, 200 MSF of property under management, and is the world’s largest managed real estate network.