NAI Charter Sells Property in NorthShore District

David DeVaney, SIOR, CCIM, President of NAI Charter announces the sale of the 21,320 SF building located at 328 Cherokee Blvd. The transaction was co-brokered with Robby Davis, CCIM and Rob Lowe, CCIM of Cassidy Turley. The 1.80 acre property sold for $535,000. The Seller was SunTrust Bank and the Buyer was Eberle Properties.

Located in the popular NorthShore area of Chattanooga, the property was more known as the Loft Restaurant which was renovated and expanded in 2007 into an office building.

NAI Charter is Chattanooga’s leading commercial and industrial real estate service provider. In 2011, the company completed over $47 million in commercial and industrial transactions. The 40-year old company has a staff of 7 full time brokers, 4 holding the SIOR designation, 4 holding the CCIM designation and 1 holding the MAI designation. Charter Management Company, LLC is a subsidiary of NAI Charter that manages commercial real estate

NAI Charter is a member of NAI Global. NAI has members in over 350 cities and 55 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 $45 billion dollars and is the world’s largest managed real estate network.