Gerald "Jerry" Daves, owner, president and one of the founders of Knoxville, Tenn. commercial real estate services firm Wood Properties Inc., has sold the company to George Brown, who was vice president and sales manager for commercial real estate.
Brown is now Wood Properties' president and Daves, who has been with the company for 40 years, will work as a broker on a part-time basis.
"I want to be a good steward of this business for my time here, and somebody is going to follow after me," Brown told the Knoxville News Sentinel. "Wood Properties is always going to be around. It’s always going to be a great company, I just happened to be the one in the seat right now."
Founded in 1977, the firm handles property sales and leasing, commercial and multi-family property management and commercial real estate development. Brown says he got into real estate after majoring in journalism at the University of Tennessee and being assigned to write a story on the topic.