NAI Charter Successfully Closes Two Industrial Leases

In December 2012, NAI Charter successfully closed two leases of light industrial properties in Chattanooga.

James G. Fitzpatrick CCIM, SIOR, MAI represented S-L Distribution Company, Inc in securing a three year lease on 14,400 SF of a multi-tenant at 501 Cumberland Avenue for a rental of $4.95/sf NN.

Fitzpatrick also represented the owner for a NNN lease of the property at 4137 N. Creek Rd in Chattanooga. The 13,140 SF building was leased to STR Property Restoration, LLC for a five year term at a rate of $5.15/SF. Martin Commercial Brokerage, LLC of Nashville, TN represented the tenant.

NAI Charter Real Estate Corporation 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 of them holding the SIOR designation and 4 holding the CCIM 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.