NAI Charter Leases Office Space to New York Life Insurance Company
CHATTANOOGA, TN – December 11, 2015 – Arnold Farmer, SIOR, CCIM of NAI Charter announces the lease of nearly 5,000 square feet of class “A” office space for six years to New York Life Insurance Company, in the Republic Center, located at 605 Chestnut Street in the central business district of Chattanooga, Tennessee.
About New York Life
New York Life Insurance Company began its operation on April12, 1845, in New York, New York. NYL is commemorating 171 years, of integrity, mutuality, humanity, and financial strength. The company has the passion and commitment for protection has continued unabated for nearly two centuries. NYL has seen the nation evolve and events occur that affect the lives of Americans from the Civil War, the 1906 San Francisco earthquake, the 1929 stock market crash to Hurricane Katrina. Thusly NYL is resilient and able to thrive in all economic conditions.
About NAI Charter
Founded in 1972, NAI Charter is Chattanooga’s premier commercial and industrial real estate service provider with a staff of 7 full time brokers with 4 holding the SIOR designation, 5 holding the CCIM designation and 1 holding the MAI designation. NAI Charter also offers a full-service property management division, Charter Management Company.
Charter Management Company currently manages 15 commercial properties totaling over 800,000 SF. The Charter Management team specializes in streamlining property operations through contractor/vendor discounts, fixed cost reduction and tenant satisfaction and retention.
About NAI Global
NAI Charter is a member of NAI Global which is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. Founded in 1978, today NAI Global member firms span the US and 54 other countries, with 400 offices and more than 5,000 local market experts on the ground, completing $55 billion of transactions annually.
NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.