Chattanooga, TN – November 18, 2024 – Pointe Commercial Real Estate (PCRE), a full-service real estate brokerage firm based in Chattanooga, Tennessee, is proud to announce the successful sale of the shopping center at 6429 Lee Highway, known as Lee Point 1. Anchored by well-established tenants, including Subway and State Farm, the property was purchased by an investor from California, further showcasing PCRE’s ability to attract nationwide interest in regional commercial assets. David Melton, PCRE’s Principal Broker, led the transaction.
This sale marks PCRE’s second shopping center closing within 60 days, a testament to the firm’s unmatched expertise in retail real estate and its growing influence in the Southeast. Licensed in Tennessee, Georgia, and Alabama, Pointe Commercial Real Estate offers clients tailored services in acquisitions, dispositions, leasing, and property management across diverse commercial sectors.
David Melton commented on the milestone: “Closing two shopping center deals in just 60 days highlights the strength of Pointe Commercial Real Estate’s retail expertise and the depth of our network. Our ability to connect local properties with national investors speaks to our commitment to delivering exceptional results for our clients. We’re thrilled to contribute to the growth and vibrancy of our community while providing opportunities for investors across the country.”
Lee Point 1, a prominent and accessible shopping center on Lee Highway, attracted significant interest due to its prime location and reputable tenants. PCRE’s comprehensive marketing efforts and established relationships with investors and brokers nationwide were pivotal in securing the sale.
Expanding Horizons with Nationwide Reach
PCRE has built a reputation for excellence in commercial real estate transactions, leveraging its regional expertise and national connections. The firm’s ability to attract investors nationwide has driven its success. “Our nationwide reach ensures that properties in Chattanooga and surrounding areas receive maximum exposure,” added Melton. “This approach benefits our clients and enhances the economic landscape of our communities.”
A Track Record of Success
In addition to the recent sales of Lee Point 1 and another shopping center within the past two months, PCRE has been instrumental in numerous high-profile transactions in the Southeast. These achievements underscore the firm’s proficiency in handling complex deals and dedication to delivering value to property owners and investors.
About Pointe Commercial Real Estate
Pointe Commercial Real Estate is a full-service brokerage firm headquartered in Chattanooga, Tennessee, with additional offices in Cleveland and Dalton. Under the leadership of David Melton, licensed in Tennessee, Georgia, and Alabama, PCRE specializes in retail, office, industrial, and investment properties. The firm provides clients comprehensive services, including acquisitions, dispositions, leasing, and property management.
With a deep understanding of the Southeast market and a proven ability to connect local opportunities with national and international investors, PCRE is a trusted partner for clients seeking to maximize their real estate investments.
Contact Information
For media inquiries or additional information about Pointe Commercial Real Estate, please contact:
David Melton
Principal Broker
Pointe Commercial Real Estate
Phone: 423-713-7019
Email: dmelton@pointecre.com
Website: https://PointeCRE.com
This latest transaction underscores PCRE’s commitment to delivering results and highlights its strategic role in connecting regional assets with national investment opportunities. With two shopping center closings in just 60 days, Pointe Commercial Real Estate continues demonstrating its leadership in the commercial real estate sector.
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