Allen Tate Jr., founder and chairman of the board of the Allen Tate Company (www.allentate.com), has received the Pillar Award honoring lifetime achievement in commercial real estate development from the Charlotte Business Journal.
Tate was honored as part of the Heavy Hitters Commercial Real Estate Awards, held October 28 at The Ritz-Carlton in Charlotte.
Among the commercial projects honored for 2014 was Sharon Square, a joint development by Tate and Pappas Properties, as Top Office Development and Top Mixed-Use Development.
“The commercial development business is fascinating and has been a bountiful opportunity for me,” said Tate. “My suggestion is for others to surround yourself with capable people who like to work hard; do what you say you will do; and practice the Golden Rule.”
Tate developed his first commercial project in 1958, a 21-lot residential subdivision on Park Road in southeast Charlotte. He has built more than 30 residential neighborhoods, many in the SouthPark area, and developed Sharon Corners shopping center with the late John Crosland, Sr. – a decade before SouthPark Mall opened.
In 1957, Tate opened a one-man, one-office residential real estate and insurance company that has grown to the No. 1 real estate firm in the Carolinas. The company currently has 40 sales offices throughout the Charlotte, Triad and Triangle regions of North Carolina and the Upstate of South Carolina, as well as a Family of Companies that offer mortgage, insurance, relocation and home services.