Charter Development Company

What Charter Development Company does

Charter Development Company is a privately held commercial and industrial real estate brokerage founded in 1986 and headquartered at 720B S Church St, Murfreesboro, Tennessee. The firm specializes in the sale, purchase, and leasing of warehouse, industrial, and office properties across Middle Tennessee, including Rutherford County, Davidson County, the greater Nashville metropolitan area, and key industrial nodes such as La Vergne, where it manages the Ferrell Building Complex (a 3-building, 22,950 SF multi-tenant property). Its client base spans small local businesses seeking suites of a few thousand square feet to large Fortune 500 companies requiring significant industrial and distribution facilities.

The company's core products are brokerage services rather than technology assets: it lists and markets warehouses ranging from approximately 2,100 to over 20,000 square feet, industrial lots between 0.37 and 2.03 acres, and commercial office buildings. Revenue is generated through transaction-based commissions on completed sale and lease deals; pricing is quote-dependent and not publicly disclosed. The firm operates a traditional direct sales model — phone, email, in-person consultations, and a website featuring downloadable property flyers — supplemented by organic social media (Facebook, Twitter, LinkedIn) and membership in the Nashville Area Chamber of Commerce, Rutherford County Chamber of Commerce, and Tennessee Economic Development Council.

The business is led by Terry C. Smith, President and Principal Broker, who joined the firm in 1986 as an industrial specialist after a career as an industrial real estate appraiser and has personally transacted millions of square feet of industrial property over four decades. The company has no disclosed parent company, no institutional investors, no subsidiaries, no funding rounds, no M&A activity, no patents, and no proprietary technology platform. Operating status is active, with current listings and a stated 40-year track record (1986-2026) as the primary intangible asset underpinning its market position.

Name

Charter Development Company

Legal name

Charter Development Company

Website

https://charterdevelopment.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1–10 employees

Short description

Charter Development Company is a privately held Middle Tennessee commercial and industrial real estate brokerage founded in 1986, based in Murfreesboro, TN, serving small businesses through Fortune 500 clients with warehouse, industrial, and office property sales and leasing across the greater Nashville and Rutherford County markets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industries

Industrial & Logistics Tenant Representation (BPAJALAC), Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

Keywords

• Commercial real estate brokerage
• Industrial real estate
• Warehouse leasing services
• Industrial property sales
• Commercial property leasing

Headquarters

HQ city

Murfreesboro

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Commercial Real Estate Brokerage: The company earns revenue through brokerage fees on the sale and leasing of commercial and industrial properties. As a real estate firm and brokerage, they facilitate transactions between property owners and tenants/buyers, earning commissions on completed deals.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Charter Development Company is a licensed Tennessee commercial and industrial real estate brokerage that facilitates the buying, selling, and leasing of warehouses, industrial lots, office buildings, and multi-tenant industrial complexes across Middle Tennessee. The firm represents both property owners seeking tenants or buyers and businesses seeking warehouse, distribution, manufacturing, or office space ranging from small tenant suites to 20,000+ sq. ft. facilities.

Product overview

Charter Development Company operates as a single unified real estate brokerage offering commercial and industrial property services. Their core portfolio includes warehouse space for lease (ranging from 2,100 to over 20,000 sq. ft.), industrial lots (0.37 to 2.03 acres), office buildings for sale or lease, and the Ferrell Building Complex. They serve the greater Nashville and Middle Tennessee market from their Murfreesboro base, providing brokerage services for businesses seeking to buy, sell, or lease industrial and commercial properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Brokerage Services Expert brokerage services for buying, selling, and leasing commercial and industrial properties throughout Middle Tennessee, serving clients ranging from small local businesses to Fortune 500 companies. Includes market analysis, property identification, and full transaction management from initial consultation through closing.
• Warehouse Space For Lease Warehouse space available for lease throughout Middle Tennessee, ranging from 2,100 sq. ft. to over 20,000 sq. ft., located in Nashville, La Vergne, and Murfreesboro, TN. Suitable for businesses needing additional warehouse capacity for operations, storage, or distribution.
• Industrial Lots Industrial land parcels available for lease or purchase, including properties ranging from 0.37 acres to 2.03 acres in La Vergne, TN. Targeted at businesses seeking industrial sites for development or operations.
• Office Buildings for Sale or Lease Commercial office space available for purchase or lease, including multi-story office buildings and small tenant suites. Offered to businesses needing professional office accommodations in the Middle Tennessee market.
• Ferrell Building Complex A 3-building complex totaling 22,950 SF located at 5499 Murfreesboro Road, La Vergne, TN, featuring 800-2,500 sq. ft. suites for small tenants on 2.03 acres. Multi-tenant industrial/office complex available for lease.

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• Nashville Area Chamber of CommerceminorOthersCorporate membership organization providing networking opportunities and business resources in the Nashville metropolitan area.
• Rutherford County Chamber of CommerceminorOthersLocal chamber membership supporting business community in Rutherford County where company headquarters is located.
• Tennessee Economic Development CouncilminorOthersState economic development organization supporting business growth and development initiatives in Tennessee.

Scale indicators3 records

Recent moves4 records

Expansion highlights2 records

Broad incumbents

• NAI Global: Global commercial real estate brokerage network with affiliated regional offices across the U.S., including Tennessee affiliates. Competes with Charter for industrial and warehouse brokerage mandates through its member firms.
• Cushman & Wakefield: Global commercial real estate services firm with a strong industrial/logistics segment and Nashville coverage. Comparable to Charter in service categories (industrial leasing/sales) but operates at vastly greater scale and geographic breadth.
• SVN International (Sperry Van Ness): Commercial real estate brokerage franchise with a national network of offices providing industrial, office, and investment sales. Comparable to Charter in service categories with franchise-based regional coverage.
• Lee & Associates: Mid-market-focused commercial real estate services firm with owner-operator brokerage model and U.S. coverage including the Southeast. Provides industrial and warehouse brokerage comparable to Charter's core offering.
• Avison Young: Global commercial real estate services firm with presence in Nashville offering industrial, office, and investment sales. Competes with Charter for enterprise and mid-market industrial mandates in Middle Tennessee.
• JLL (Jones Lang LaSalle): Global real estate services firm with a dedicated industrial brokerage practice and a major Nashville presence. Competes with Charter for enterprise industrial and warehouse mandates and investment sales across Middle Tennessee.
• Colliers International: Global commercial real estate services and investment management firm with active industrial brokerage in the Southeast U.S. Competes with Charter for industrial mandates and serves many of the same mid-market and enterprise clients.
• CBRE Group: Global commercial real estate services firm and the largest publicly traded CRE broker, offering industrial and logistics brokerage across the U.S. Operates a Nashville office that competes with Charter for industrial tenant representation and large Fortune 500 mandates.

Direct peers

• Foundry Commercial: Regional commercial real estate services firm with offices across the Southeast U.S., including Tennessee, providing brokerage, property management, and project management for industrial and office properties. Closest comparable to Charter in scale and market depth, with overlapping industrial brokerage focus.
• Eakin Partners: Nashville-based commercial real estate brokerage offering tenant representation, landlord representation, and investment sales across Middle Tennessee. Direct local competitor of Charter for industrial and office mandates in the same Nashville/Rutherford County geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/charter-development-group-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Charter Development Company