NAI Charter Sells Large Industrial Warehouse off Amnicola Highway

Jeff Jennings, CCIM along with David F. DeVaney, CCIM, SIOR of NAI Charter announces the sale of the former WDI Building located at 4191 S Creek Road in Chattanooga, TN. The 57,600 sf building sits on 4 acres and is located across Chattanooga State’s Main Campus on Amnicola Highway. The seller, Clarit Realty, LTD was represented by Jeff Jennings, CCIM of NAI Charter and the buyer, Amnicola Partners, LLC was represented by David DeVaney, SIOR, CCIM, also with NAI Charter. The industrial property sold for $1,200,000.

The new owners, Amnicola Partners, LLC plan to renovate the 57,600 sf industrial building and is placing the building back on the market for lease. Contact David F. DeVaney of NAI Charter for leasing information.

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, 4 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 relations, 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 owneroperated 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.