Newsletter_Mid Year Report _email.pub

NAI Charter Real Estate
Mid-Year Report - 2015
Chattanooga, Tennessee 414 Vine Street Chattanooga, TN 37403
(o) 423.267.6549
www.naicharter.com
NAI Charter News
Highlights
NAI Charter Completes $21.5 million in Transactions in
First Two Quarters of 2015
CHATTANOOGA, TN: July 1, 2015 – NAI Charter is pleased to announce completed commercial and industrial real estate transactions for the first two quarters of 2015 in excess of
$21.5 million. David F. DeVaney, SIOR, CCIM and President, stated that NAI Charter closed
39 commercial transactions involving 404,824 SF of space and 43.57 acres of vacant land.
Transactions:
NAI Charter completed 19 office transactions totaling 204,446 SF for a value of $11,691,580.
Notable transactions include DHL leasing 10,000sf, Dixie Group leasing 42,790sf and BASF
selling 95,625sf.
NAI Charter also closed 10 industrial transactions totaling 158,716 SF for a value of
$2,510,227. Notable transactions include Simplex Grinnell leasing 13,700sf, Smart Furniture
leasing 46,000sf and CIBA selling 37,716sf
NAI Charter closed 5 land transactions totaling 43.57 acres for a value of $3,615,625. Notable
transactions include 19 acres sold on Frawley Rd and 13.5 acres sold in Walker County, GA.
NAI Charter completed 4 retail transactions totaling 14,762 SF for a value of $2,654,361. Notable transactions include Old Chicago leasing 5,500sf and Rock Creek leasing 5,262sf.
NAI Charter sold 1 investment deal totaling 15,000 SF for a value of $1,125,000.
NAI Charter’s current property inventory is in excess of $90 million dollars.
Transactions Volume
Mid-Year 2015
Transaction Volume
$21,596,795
Sold & Leased
404,000 SF  43 Acres
Sample of clients successfully represented by NAI Charter
Office News
Overview
650 25th Street - Cleveland, TN - Landmark Corporate Center




FOR LEASE
Rate: $17.00/SF
Suite Sizes: 2,000 - 15,000 SF
Located near Keith Street
Catylist #29770974
1602 Gunbarrel Road - Siskin Center




FOR SALE
Price: $1,550,000
Building Size: 14,624 SF / 1.58 acres
Located near Hamilton Place Retail/Medical District
Catylist #28857554
1401 Chestnut Street




Office Leases & Sales
FOR SALE
Price: $1,200,000
Building Size: 12,722 SF
Located in Southside District
Catylist #29821797
Highlighted Transactions
475 Reed Road - Dalton, GA
 Seller - BASF
LD
O
 Purchaser - Thornton Edge
S
 95,625 SF / 86 Acres
 Seller Represented by David DeVaney, SIOR, CCIM of NAI Charter
633 Chestnut Street - Republic Centre
 Landlord - Berry & Hunt
D
SE
 Tenant - Northwestern Mutual
A
LE
 Leased - 9,037 SF
 Tenant Represented by Jeff Jennings, CCIM of NAI Charter
Industrial News
Overview
2205 Polymer drive




FOR LEASE
Rate: $3.75/SF NNN
Building Size: 53,000 SF
Located off Shallowford Road & Hwy 153
Catylist #29818923
351 Labeling Way




FOR SALE
Price: $9,000,000
100,000 SF Warehouse
Located on I-24 and Cummings Hwy
Catylist #29737588
4001 Industry Drive




FOR SALE
Price: $1,000,000
Building Size: 48,700 SF
Located on Bonny Oaks Drive
Catylist #29731139
Industrial Leases & Sales
Highlighted Transactions
3010 Williams Street - Downtown Chattanooga
 Landlord - Hickory Land Co.
ED
S
A
 Tenant - Smart Furniture
LE
 46,000 SF
 Tenant Represented by Jeff Jennings, CCIM of NAI Charter
1420 Carter Street - Former Amerifoods
 Seller - Chattanooga International Building Associates
LD
 Purchaser - Riverview Partners
O
S
 37,716 SF
 Seller Represented by Jim Fitzpatrick, SIOR, CCIM of NAI Charter
Retail News
Overview
7540 East Brainerd Rd - East Brainerd Galleria




FOR LEASE
Price: $19.00/SF Gross
Suite Sizes: 1,050 SF - 4,270 SF
Located on East Brainerd Road
5952 Brainerd Road - Hills Plaza




FOR LEASE
Rate: $8.00 - $12.00/SF NNN
Suite Sizes: 10,000 SF - 50,000 SF
Located off Brainerd Road next to Sir Gooneys
2700 S Broad Street - Mountain View Plaza




Retail Leases & Sales
FOR LEASE
Rate: $8.00 - $12.00 NNN
Suite Sizes: 1,200 - 4,800 SF
Located in St. Elmo area
Highlighted Transactions
250 Northgate Mall Drive - Hixson, Tn
ED
 Landlord - CBL Properties
S
A
 Tenant - Old Chicago Pizza & Taproom
LE
 5,500 SF
 Tenant Represented by Chad Wamack of NAI Charter
4448 Frontage Road - Cleveland, TN
ED
 Landlord - DDR
S
A
 Tenant - Rock Creek
LE
 5,262 SF
 Tenant Represented by Chad Wamack of NAI Charter
Land News
Overview
Lupton Drive - Tennessee River Parcel




FOR SALE
Price: $10,250,000
216 +/- Acres
Frontage along the Tennessee River
4701 Shallowford Road




FOR SALE
Price: $99,500/acre
23 +/- Acres
Easy access to Hwy 153
345 Roadway Drive - Ringgold, GA




Land Leases & Sales
FOR SALE
Price - $1,650,000
45 +/- Acres
Located near Costco & Cabalas with access to I-75
Highlighted Transactions
102 Walnut Street - Downtown Chattanooga
 Seller - Walnut Enterprises
 Purchaser - Vision Hospitality
 0.80 Acres
 Represented by Chad Wamack of NAI Charter
L
SO
503 Frawley Road - Chattanooga, TN
 Seller - Fillers
 Purchaser - Desai
 19 Acres
 Represented by Jeff Jennings, CCIM of NAI Charter
D
L
SO
D
NAI Charter - Over 40 Years of Proven Results
Full Service Commercial
Brokerage, Leasing, Consulting and Management Firm






Office, Warehouse, Industrial, Retail, Land and Investment Services
Disposition & Acquisition Representation
Landlord & Tenant Representation
Property Management Services
Full Service Development and Built-to-Suit Services
Commercial Appraisals
NAI Charter’s track record as the leader in Commercial Real Estate is unmatched in our market. NAI
Charter is consistently number one in annual transaction dollar volume in the Chattanooga area. Our approach is to be client driven, and results oriented, providing timely and accurate market information with
the highest level of trust, respect, fairness, and integrity.
In 2014, NAI Charter completed over $48.5 million in commercial and industrial transactions. The 43 year
old company has a staff of 7 full-time brokers, 4 holding the CCIM designation, 4 holding the SIOR designation and 1 holding the MAI designation. With the expansion of the Property Management division, we
are your one stop shop for all your commercial property needs.
How can we help with your commercial real estate needs?
(423) 267-6549