NAI Charter Completes Over $50 Million in Transactions in 2019

For Immediate Release
Contact:            April Linnemann
                         (423) 267-6549
                          april@charterre.com

 

CHATTANOOGA, TN – February 2020 – NAI Charter is pleased to announce completed commercial and industrial real estate transactions totaling $50,232,740 in 2019. David F. DeVaney, SIOR, CCIM, and President, stated that NAI Charter has closed 76 commercial transactions involving 1,468,635 SF of space and 480 acres of land.

Industrial
NAI Charter sold or leased 26 industrial properties totaling 1,233,437 SF for a value of $25,291,757. Notable transactions included reputable clients such as DB Schenker, Pak Rat, and Coca-Cola Bottling United, Inc., as well as, Northstar who purchased a 200,000 SF warehouse in the Bonny Oaks Industrial Park, and Novolex who signed a 10-year lease for 200,000 SF.

Office
NAI Charter also sold or leased 30 office transactions totaling 121,314 SF for a value of $11,152,390.67. Notable transactions included Brinks who signed a 10-year lease for 7,485 SF as well as, Unum, Principal Insurance, and Stantec.

Retail
NAI Charter sold or leased 13 retail transactions totaling 59,911 SF for a value of $8,623,806. Notable clients included OrangeTheory Fitness, Del Taco, Uptown Vision, and Fabletics.

Land
NAI Charter sold 6 land transactions totaling 480 acres for a value of $7,509,350. Notable transactions included the sale of the 165-acre Boys & Girls Club, 190 acres in Athens, Tennessee, and 80+ acres in Tifton, GA.

About NAI Charter
Founded in 1972, NAI Charter is Chattanooga’s premier commercial real estate service provider. Combined, our staff of six full-time brokers offers more than 100 years of experience! Two brokers hold the SIOR designation and two hold the CCIM designation. NAI Charter’s national resources and local knowledge help us exceed expectations by delivering finely tuned, premium services. We also offer a full-service property management division, Charter Management Company, that currently manages 36 commercial properties totaling over 850,000 SF. For more information, visit www.naicharter.com and www.chartermgmtco.com.