Posts from May 10th, 2002

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Crye-Leike Acquires Neilson Group Realtors

May 10th, 2002 by Anonymous

Memphis, Tenn. - Crye-Leike, Realtors, the largest real estate company in Tennessee and the Mid-South, has acquired Neilson Group, Realtors in Memphis, Tenn., a respected Midtown real estate firm that generated $48 million in sales last year, announced Harold E. Crye, chief executive officer.

The firm was purchased for an undisclosed amount from Don Neilson, principal broker and owner, who will join Crye-Leike, Realtors as an active member of its sales force.

Crye-Leike, Realtors closed Neilson Group, Realtors, which was located at 1296 Peabody Avenue, and consolidated operations into Crye-Leike's Midtown branch office, located at 2220 Union Avenue. Crye-Leike's Midtown branch office now has a combined sales force of over 70 associates.

Crye noted that there were two dynamics about the Neilson Group that led to Crye-Leike's purchase of the firm. "The Neilson Group's traditionally strong marketing performance in the Midtown real estate marketplac...

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Categories: Regional News

Tags: Expansion