NAI Charter’s Sells Excess Property for Armstrong Relocation
Chad and Parker Wamack of NAI Charter announce the sale of excess property for Armstrong Relocation in Ooltewah, TN. The 5.25 acre tract of land is adjacent to the existing Armstrong facility which has direct frontage on I75. The Purchaser, Van De Wiele, will start construction on the new facility this summer.
Armstrong employs over 1,025 full-time employees and owner-operators, dispatches nearly 500 trucks, and operates over 1,200,000 square feet of warehouse space. Armstrong is one of the largest hauling and booking agents for United Van Lines. Out of nearly 500 agencies across the country, they are continually recognized annually for performance and remain a leader in the industry in terms of both volume and service quality.
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, 5 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 discounts, 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 owner-operated 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.