NAI Charter Sales Kinro Manufacturing Facility in Dayton, TN
J. Bryan Rudisill, SIOR, CCIM, and Vice-President of NAI Charter Real Estate Corporation announces the completion of the sale of Kinro Mfg. located at 311 Greenway Dr. in Dayton, TN.
The Industrial Development Board of the City of Dayton purchased the property for $1,100,000. The property consisted of approximately 100,000 SF on roughly 4 acres in the north industrial park. The City reports that they have as many as three lease prospects for the property.
Kinro manufactures windows and doors for manufactured housing. Closure of the Dayton facility was a consolidation move precipitated by the housing downturn. The City is very optimistic that it can and will replace those jobs lost in the very near future.
NAI Charter Real Estate Corporation is Chattanooga’s leading commercial and industrial real estate service provider. In 2010 the company completed over $29 million in commercial and industrial transactions. The 37-year old company has a staff of 7 full time brokers, 4 of them holding the SIOR designation and 5 holding the CCIM designation.
NAI Charter is a member of NAI Global. NAI has members in over 300 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 $35 billion dollars and is the world’s largest managed real estate network.