T. Neal Jernigan's introduction to the real estate industry commenced in l973 with employment by Jefferson Standard Life Insurance Company in Greensboro, North Carolina. His work there through mid-l974 consisted of a general acclimation to appraisal and underwriting of first mortgage loans on commercial income producing properties.
From mid-l974 through mid-l977, Mr. Jernigan continued with Jefferson Standard Life Insurance Company in the Metropolitan Atlanta area. His effort consisted of soliciting, underwriting, and appraisal of property for new commercial loans and servicing of Jefferson Standard's existing Georgia portfolio.
In mid-l977, Mr. Jernigan joined the Atlanta Regional Investment Office of The Northwestern Mutual Life Insurance Company. With Northwestern he was responsible for the origination, underwriting, appraisal, construction administration, closing, management, and servicing of investments consisting of loans, joint ventures, and acquisitions. The properties involved in excess of 700,000 square feet of high tech, business park, industrial, multi-tenant office, and shopping center developments as well as a 700 acre planned unit development with golf, swim, and racquet clubs in Greensboro, North Carolina.
Mr. Jernigan left Northwestern Mutual in early l983 to join Kern & Company, Inc. as Senior Vice President - Development. There Mr. Jernigan directed the land acquisition, architectural and engineering design, zoning changes, construction, financial feasibility, financing, major tenant leasing, initial management, and build-to-suit opportunities for in excess of $l00 million of development. Mr. Jernigan's activities during his two year stint at Kern & Company included the construction of a l00,000 square foot business park condominium, three shopping centers of approximately 330,000 square feet, and an office and business park development of 300,000 square feet.
In early 1985, Mr. Jernigan resigned from Kern & Company to form Crossley-Jernigan, Inc., a real estate development and management company. From inception to present, Crossley-Jernigan has: (1) Developed 828,000 square feet of commercial real estate totaling in excess of $95 million in value; (2) Leased in excess of 1.0 million square feet with a lease volume exceeding $500 million; and (3) Sold over 1,260,000 square feet and 85 acres having a value in excess of $380 million. Crossley-Jernigan is currently an investment counselor and development and marketing advisor for several investors. The firm also developed and sold 508,000 square feet of first class low and mid rise office buildings on Mansell Road in Alpharetta, Georgia known as Woodside Center, Woodside Exchange, Woodside Terrace, and Parkside Terrace.
Since November 1988, Mr. Jernigan has acted as Qualifying Broker for Crossley, Jernigan & Ellison, Inc., a full service commercial real estate brokerage, development, leasing, management, and investment consulting company. In 2006, Crossley, Jernigan & Ellison, Inc. acted as advisor to ORIX Real Estate Capital, Inc. in the acquisition , leasing, management, and disposition to UBS Realty Investors of the 530,000 SF One Deerfield Centre office building in which the owner made 100% return on their $37 million investment in seven months. This deal was one of the most extraordinary repositioning real estate transactions in Metropolitan Atlanta in 2006. In August 2007, Crossley, Jernigan & Ellison, Inc. acted as advisor and partner to ELV Associates, Inc. with the $100 million 500,000 SF Parkside Terrace acquisition and redevelopment in Alpharetta, Georgia.