NAI Charter Represents BB&T Bank in CREO Asset Disposition
J. Bryan Rudisill, SIOR, CCIM, Vice President of NAI Charter announces the sale of 5915 Brainerd Rd. The site was formerly Volvo Infiniti dealership owned and operated by Prebul Automotive. The site consisted of two dealerships both of which were roughly 16,000SF. The site consisted of 4.2 acres. The purchase price was $2,400,000.
The seller, Atlas Tri State, LLC was represented by Mr. Rudisill. The purchaser was the Chattanooga Metropolitan Airport Authority. The property lies directly in the primary landing zone for approaching flights. The Authority required the site as part of its strategic growth plan and plans are to demolish the improvements and return the site to green space.
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, 4 holding the CCIM designation and 1 holding the MAI 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.