Legacy Real Estate and Development (Legacy), a Chattanooga-based residential and commercial brokerage and property management company, has officially opened its corporate office at Cambridge Square.
Cambridge Square is a mixed-use community in Ooltewah, at the intersection of Lee Highway and Ooltewah-Georgetown Road, less than a mile from Interstate 75. The project is being developed by Barrier Properties, LLC.
Legacy has served as the property management arm for Barrier since active leasing commenced in 2012. To date, Legacy operated in a temporary onsite location within the Cambridge development.
Legacy now occupies 2500 square feet on the second floor of one the buildings overlooking Cambridge’s signature public square. Legacy has an option on an additional 2500 square feet to accommodate what managing partner Debra Headden anticipates will be a huge opportunity for growth.
“Ooltewah is one of the most dynamic commercial and residential markets in Hamilton County,” said Ms. Headden. “And Cambridge Square represents the very best in new development in the greater Chattanooga market. We are thrilled to have our offices open and look forward to growing our operation and serving our clients in what is evolving into a very exciting real estate environment.”
Ms. Headden opened the new Legacy office with Partner Barry Payne, who began building and selling homes in the Ooltewah sub-market in 1987. Payne also serves as the general contractor for Barrier Properties. Mr. Payne and Ms. Headden will have five affiliate agents in the office, as well as two estimators and two construction superintendents.
Legacy’s commercial efforts will initially center on the lease-up, acquisition and property management of Cambridge Square which currently has seven active tenants. Legacy’s residential projects include Hidden Lake (Ooltewah) and The Arbors (Chattanooga). In addition to its commercial and retail component, Cambridge Square will offer single-family homes with floor plans ranging in size from approximately 1,100 – 3,500 square feet. Infrastructure for this residential phase is being finalized in 2014 and Legacy will oversee property management once new home construction begins.