Charlotte Business Journal`s

Transcription

Adding Punch uptown
Mixing it up at Ritz-Carlton’s
new high-end speakeasy
JENNIFER THOMAS, 4
Duke eyes Dan River probe deal
Duke Energy Corp. expects to file what will likely
be a $100 million settlement in the federal grand
jury investigation into the massive coal-ash spill
on the Dan River last year. Duke Chief Executive
coal-ash storage, including new state regulations
adopted last year following the spill of 39,000
tons of ash into the Dan River. Senior staff writer
John Downey looks into the issues. STORY, PAGE 10
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SPECIAL REPORT
Lynn Good said this week that the proposed
agreement could be reached and filed in the next
several days for consideration by the court. But
Duke still faces a range of issues related to its
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OUTSIDE THE LOOP
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ADDING SPEC
SPACE AT NCRC 6
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NEWSMAKER
Red Ventures
CEO Ric Elias
addressing
employees
at the Indian
Land campus
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R Infobelt is the classic
Charlotte entrepreneur
story — a BofA veteran
building a company to
solve problems he saw
first-hand in the corporate
environment. Business is
booming but could it be
better elsewhere? 21
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R AvidXchange is settling
into Charlotte for the long
term with plans for a new
uptown campus that will
attract the kind of talent
to keep the invoicingsoftware company on the
leading edge of attracting
talent, 20
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R With a $250 million
venture investment and
a flood of business driving
growth, Internet marketing
firm Red Ventures is now
looking at South America
and Western Europe for
its next stage of
expansion, 18
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Speedway Motorsports new CEO says
he’ll still get lots of advice from the
company’s chairman — his dad,
Bruton Smith. ERIK SPANBERG, 26
Chiquita space ready
to hit the market
PANTHERS RAISE PRICES
56525 10111
3
HEADLINETHE
MAKING
GOES
PLAYOFFS
IN HERELY
PAYXX
OFF? 8
6
Region’s largest
telecoms 23
Marcus makes his
way to the top
CHARLOTTE
BUSINESS JOURNAL
February 20, 2015
Vol. 29, No. 47, $2
550 S. Caldwell St.
Suite 910
Charlotte, NC 28202
JLL will handle leasing for the NASCAR
Plaza offices the company is leaving
after it was taken private by a Brazilian
conglomerate. WILL BOYE, 12
news online
r Breaking
CharlotteBusinessJournal.com
On Twitter
@CBJnewsroom
email updates
CharlotteBusinessJournal.com/email
L Daily
2 CHARLOTTE BUSINESS JOURNAL
You might be surprised
where we show up.
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The classroom.
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Allen Tate Companies has grown
to be the largest independent real
estate company in the Carolinas and
the seventh largest in the nation.
But we do more than show homes.
Our agents show up annually at
Allen Tate FUNday to raise money
for public education and give
back to the communities where
we live and work. Tate Cares.
se
allentate.com
FUNday + 17 years = $1.77 million for PUBLIC EDUCATION
Directly benefits Meck Ed, NC Best, Communities in Schools, Generation Nation, Citizen Schools, Walter Bickett Elementary School,
Kannapolis Education Foundation, Gaston County Education Foundation, Clover Leaf Foundation, Mooresville Foundation for
Education, Rock Hill District 3, Education Foundation, Greater Cleveland County Education Foundation, Union County Education
Foundation, Foundation for Fort Mill Schools, Allen Tate Tower at Central Piedmont Community College
3
FEBRUARY 20, 2015 UP FRONT
R NEWS
BIDS SOUGHT BY MARCH 15
TICKER
COKE CONSOLIDATED EXPANDS
WESTWARD — AGAIN
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developers to sell Duke the power and
renewable-energy credits for contracts
up to 15 years. It will also accept proposals for developers to sell Duke turnkey projects.
Duke has not made a public estimate
of the value of the solar contracts sought,
since there are several variables in their
terms. But given current prices for solar
construction in North Carolina, a total
cost of roughly $100 million would be
possible.
The request for bids is similar to one
issued last year that resulted in Duke
agreeing to invest about $500 million
over 15 years to buy three projects with
128 megawatts of total capacity and to
purchase power from five projects totaling an additional 150 megawatts.
But that bid request was designed just
to meet Duke’s renewable-energy needs
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under a state law that requires utilities
to produce 12.5% of the power they sell
in North Carolina from renewable sources by 2021.
This latest request would involve
only solar projects to be used in providing clean energy to large industrial customers under the Green Source Rider
approved last year.
Another difference in the request
is that Duke says it would give preference to purchase contracts that developers would be willing to make for shorter periods of time — three, five and 10
years. Duke says that would allow it to
match projects more easily with customers under the rider.
The three-year pilot program is limited to customers that build new or
expanded facilities that add at least 1
megawatt of demand to Duke’s system.
MERGER BEING CONSIDERED?
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ACTIVIST INVESTOR PUSHES CAMPUS CREST
BY JEN WILSON
pus Evolution and bring its management on board to “make Campus Crest
a dominant player in the student-housing industry, not a laggard.”
Such statements may have prompted Campus Crest’s disclosure this week
that it is working with legal and financial advisers to explore “a broad range of
strategic, operational and financial alternatives.” It noted multiple inquiries from
parties seeking to discuss “a potential
transaction.” The company also said Aaron Halfacre, its chief investment officer,
has been elevated to the role of president.
Campus Crest has a stake in 86 student-housing properties with more than
46,000 beds. New York-based Campus Evolution owns 22 properties with
roughly 10,000 beds.
The entire contents of this newspaper are copyrighted by American City Business Journals Inc. 2015 with all rights reserved. Reproduction
or use, without permission, of editorial or graphic content in any manner is prohibited. The Charlotte Business Journal, ISSN # 0887-5588,
is published weekly, by American City Business Journals Inc., at 550 S. Caldwell Street., Charlotte, NC 28202. Subscription rate for one year
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of American City Business Journals Inc.
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While Campus Crest Communities Inc.
is mulling its options, an activist investor group has ideas of its own about what
the future should hold for the Charlotte-based student-housing operator.
Clinton Group Inc., which describes
itself as “the investment manager of several funds and partnerships that collectively own a stake in the common stock”
of Campus Crest, has formed a partnership with Campus Evolution Villages, a
smaller, private owner and operator of
student-housing properties, in order to
further its agenda — to maximize value
for shareholders of Campus Crest.
Essentially, Clinton Group is pushing for Campus Crest to acquire Cam-
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Chanticleer Holdings Inc. has a deal to
acquire BGR: The Burger Joint.
Terms of the acquisition weren’t
immediately available. The deal is
expected to close around March 15.
The Virginia-based burger franchise
has nine corporate-owned locations
and 11 franchises, including one in
Kuwait.
It also has franchise-development
agreements in place for more than 80
locations.
“Fast casual, with a particular focus
on the better-burger category, has
grown from a very small percentage of
our sales to well over 20% of revenue
over the past year,” said Mike Pruitt,
CEO of Charlotte-based Chanticleer.
He notes the deal gives Chanticleer
an immediate presence in franchising in
the better-burger category.
FILE
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CHANTICLEER WILL ACQUIRE
VA.-BASED BURGER CHAIN
Solar development continues
to grow in North Carolina
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American Airlines Group Inc. said
this week it will add a seasonal,
nonstop flight from Charlotte Douglas
International Airport to New Mexico’s
Albuquerque International Sunport.
The service will begin June 5 and run
through Aug. 18, with travelers on the
route flying aboard a 150-seat Airbus
A320 operated by US Airways, the
airline said in a news release.
Both American Airlines and
Albuquerque officials touted the
additional access to destinations
throughout the U.S., Europe and Latin
America through the carrier’s hub at
CLT as an opportunity for businesses
and convention connections as well as
leisure travelers.
American and US Airways merged in
late 2013. The combined carrier — the
world’s largest airline by operations —
offers more than 700 daily departures
to over 140 destinations from CLT, home
of the airline’s second-largest hub.
Duke Energy Corp. is seeking proposals to build up to 50 megawatts of solar
capacity to provide power for large customers that want to buy renewable energy at contracted rates under its Green
Source pilot program.
The request for proposals issued
Tuesday is the clearest sign yet that the
slow-starting pilot program has had
some success in lining up potential
customers.
Spokesman Randy Wheeless says
the Charlotte-based company cannot
announce any contracts at this time. But
he says discussions with potential customers were a consideration in issuing
the RFP.
“We may not be looking at needing
the full 50 megawatts yet,” he says. “But
we are reasonably confident now that we
will have good news to announce as the
year progresses.”
The company wants projects that will
be built and operating by the end of 2016.
But it says it will give preference to projects built and operating by the end of
this year.
Duke is asking for bids by March 17.
Projects must be at least 2 megawatts in
size, be built in Duke’s North Carolina
service territory and must already be in
Duke’s connection queue. The company
says preference will be given for projects
already approved for connection or well
advanced in the connection process.
Duke says it will accept proposals for
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AMERICAN AIRLINES TO ADD
SEASONAL FLIGHT AT CLT
BY JOHN DOWNEY
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Coca-Cola Bottling Co. Consolidated
has signed agreements to pick up
two franchise territories in Kentucky,
continuing the Charlotte-based
company’s ongoing expansion.
According to a news release, Coke
Consolidated will pick up exclusive
distribution rights in Pikeville and
Paducah, Ky., from Coca-Cola
Refreshments USA Inc., an affiliate of
The Coca-Cola Co., which is based in
Atlanta.
The latest deal marks the final phase
in a plan outlined nearly two years
ago by Coke Consolidated to extend
its reach in Tennessee, Kentucky and
Indiana. Since then, the company has
reached several agreements with the
same Coca-Cola subsidiary; some
have been finalized, while others are
pending.
Those markets include Knoxville,
Johnson City and Cookeville, Tenn.;
Lexington and Louisville, Ky.; and
Evansville, Ind.
Duke eyes 50MW of new solar in N.C.
THE NUMBERS
DNC LEARNS HARD LESSON?
As the host for the 2016 Democratic
National Convention, Philadelphia
already has a big fundraising advantage
over Charlotte, its 2012 predecessor.
For the Charlotte event, the Democratic
Party declared it wouldn’t accept
corporate donations to fund the
convention. Philly is unlikely to face
such a constraint for 2016.
$12 million
The amount donors have pledged so
far for the Philadelphia convention,
and the city has put nearly $5 million in
additional funds in an escrow account.
$10 million
The line of credit backed by Duke
Energy to help defray certain costs
of the convention in Charlotte. Duke
ended up forgiving that debt.
— Philadelphia Business Journal
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Postmaster please send address changes to:
Charlotte Business Journal, 550 S. Caldwell St., Suite 910, Charlotte, NC 28202.
Publisher: Kevin Pitts
Phone: (704) 973-1100 or (800) 948-5323
Fax: (704) 973-1102 Internet: charlottebusinessjournal.com
Email: [email protected]
JENNIFER THOMAS
I [email protected]
R RETAIL
NOTES
POLISHED GROWING
ACROSS THE REGION
BAR SCENE
Ritz-Carlton adds some Punch to uptown
The Ritz-Carlton, Charlotte wants to
bring the speakeasy back in style with its
new venue, The Punch Room. It replaces
Urban Sip lounge on the uptown hotel’s
15th floor.
“The Punch Room’s transformative take
on punches and cocktails is unique not
only to the city, but also to much of today’s
luxury-hotel scene,” says David Rothwell,
general manager.
Bob Peters has been hired as The Punch
Room’s chief lead mixologist. Peters, a
popular Charlotte bartender, is known for
his use of fresh and rare local fruits, herbs
and vegetables to enhance craft cocktails.
The Punch Room offers hot and cold
spirits-based punches such as Perfect
Pear Punch, which includes Buffalo Trace
Bourbon, fresh pear juice, allspice and
ginger ale, and the Fiesta Punch, which
includes tequila, cilantro, jalapeño and
beet-ginger kombucha.
Punch bowls can be made to share for
up to six, or larger groups if needed.
“Punch is very social,” Peters says.
Hand-crafted cocktails and infused
drinks take advantage of an on-site cocktail carbonator. The drink menu will
change seasonally, taking advantage of
fresh herbs and fruits such as strawberries and blueberries, which Peters plans
to grow on site.
For example, he’s currently mixing up
a drink that features Queen Charlotte’s
reserve rum, parsnip juice, orange and
bitters — something that suits the winter
weather.
The goal is to create unique beverages
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Mixologist Bob Peters
prepares a cocktail
in The Ritz-Carlton’s
new Punch Room
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inspired by everything from local farmer’s markets to types of glassware. That
means if you’re a vodka tonic fan, Peters
may suggest trying one of his own vodka-based concoctions.
“This is about stepping outside your
comfort zone a little bit,” he says.
Most drinks will be in the $12 to $18
range.
The Punch Room also offers a selection
of premium and cult wines, along with
small plates highlighted by North Carolina Siberian caviar, Kusshi oysters, smoked
pecan hummus, crispy sliders and seared
Hudson Valley foie gras.
The decor utilizes steel, metallic, gold
and black design accents and include
chandeliers, plush sofas and armchairs.
Blues, soul and doo-wop music will play
in the background. It has a punch bar and
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FORT MILL DEVELOPMENT
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Chop’t Creative Salad Co. is
coming to Park Road Shopping
Center. Edens, the Columbia,
S.C.-based retail developer and
owner of the 425,000-squarefoot center, confirms the
restaurant will be joining its
tenant lineup.
It will be the first Chop’t
location outside New York or
Washington, D.C.
Chop’t offers a variety
of options for salads and
sandwiches. Those includes
the Santa Fe with avocado,
tomato, corn, pepper-jack
cheese and fried onions, giving
it a Southwest twist. The Caesar
salad features romaine lettuce,
shaved pecorino cheese and
homemade croutons.
Customers also can choose
salad ingredients, picking
from various salad greens and
“choppings” such carrots, corn,
chick-peas, peppers, croutons
and pita chips.
All salad dressings are
homemade in small batches
daily and include options such as
Mexican Caesar, steakhouse blue
cheese, smoky bacon Russian or
balsamic vinaigrette.
Edens, which acquired the
retail center in 2011, has been
working to upgrade the tenant
mix.
Chop’t got its start in New
York in 2001, and has expanded
in the District of Columbia
market, growing to nearly 30
locations.
Brian Craver at Cushman &
Wakefield represented Chop’t.
@CBJTHOMAS
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SALAD MAKER TAKING
PARK ROAD SPACE
704-973-1119
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Polished Nail Bar has its eye
on expansion in the Charlotte
market. It has announced plans
to open a new location — its
fifth— in Huntersville’s Northcross
Commons next to Whole Foods
in June. The nail bar has another
location planned for Waverly
in south Charlotte, says owner
Sonny Kim.
He and wife Haley Tran
opened their first nail bar in
Charlotte’s South End in 2006.
Kim notes the 2,290-squarefoot Huntersville location will
feature state-of-the-art air and
water filtration systems as well as
19 luxury pedicure chairs.
Josh Beaver with The Nichols
Co. represented Polished. Ryan
Preston of Hawthorne Retail
Partners handled negotiations for
the landlord.
Polished also plans to
renovate its flagship location on
South Boulevard in April.
Polished Nail Bar is open from
9:30 a.m. until 7:30 p.m. Monday
through Saturday and from 1 p.m.
until 5 p.m. on Sunday.
Covers health care,
education, biotech and retail
table service.
The venue features three seating areas,
which will accommodate 37 guests.
“We wanted to do something where we
could give people an elevated level of service,” Peters says.
The Punch Room is open from 5 p.m.
until 11 p.m. on Wednesdays and Thursdays and from 6 p.m. until 1 a.m. on Fridays and Saturdays.
A dress code is enforced. Athletic attire,
T-shirts, shorts, tennis shoes, flip-flops
and baseball caps are not permitted.
The Ritz-Carlton, Charlotte is at 201 E.
Trade St.
In July, Travel+Leisure magazine
named the hotel one of the “world’s best”
for 2014. The hotel ranks No. 16 among the
50 large-city properties in the continental
U.S. on the publication’s list.
Cabela’s sets opening; outparcels for sale
Outdoor retailer Cabela’s Inc. will open
its Fort Mill store on March 12. Cabela’s
sells hunting, fishing, camping, hiking,
boating and wildlife-watching gear, as well
as clothing and outdoor-themed gifts and
furnishings. The 104,000-square-foot store
is being built on the former Plaza Fiesta
retail site at North Carolina-South Carolina
state line. The 20-acre parcel is off Interstate
77 at Carowinds Boulevard, near the
Carowinds theme park.
Cabela’s purchased the tract and tore
down Plaza Fiesta. It intends to market up
to six outparcels. Chris Thomas, partner at
Childress Klein, represented the buyer. John
Nichols and John Hadley with The Nichols
Co. represented the seller.
The store will employ about 225 full-time,
part-time and seasonal workers. Cabela’s,
headquartered in Sidney, Neb., operates 64
stores across North America. It plans to add
20 locations during the next three years.
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FEBRUARY 20, 2015 Location, Lifestyle & Luxury
Toll Brothers thought of everything in Charlotte.
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single-family homes from the Low $300s to the Upper $600s.
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• Convenient locations close to
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Carolinas HealthCare System wants to build
a $77.5 million, 64-bed hospital in Fort Mill
• Award-Winning School Districts
CAROLINAS HEALTHCARE
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COURT BATTLE CONTINUES
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for Fort Mill hospital
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tificate of need for the project. State law
requires health-care providers to obtain
a certificate of need before building or
expanding health facilities.
Carolinas HealthCare has posted a
$1.5 million bond required for certificate-of-need appeals — money it could
forfeit if it loses its appeal.
“We are disappointed for the people
of Fort Mill that this latest legal maneuver will further require us to spend
our time and resources in courtrooms
while diverting our attention from
this project,” Piedmont spokeswoman
Amy Faulkenberry said in January. “We
remain committed to the people of Fort
Mill and share in their frustration.”
The issue has been mired in appeals
since 2006, with regulatory approval
shifting between Piedmont and Carolinas HealthCare.
Approval was initially awarded to
Piedmont Medical, but the decision was
overturned in 2011.
In April, that decision was reversed,
with approval going to Piedmont for
the second time. Carolinas HealthCare
appealed that ruling, and an S.C. Administrative Court judge vacated the decision
to consider the system’s appeal.
The court again ruled in Piedmont’s
favor in December, setting the stage for
the latest legal contest.
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Both Piedmont Medical Center and
Carolinas HealthCare have been
granted regulatory approval to
construct a Fort Mill hospital, only to
see it taken away upon appeal.
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registered in the U.S. and other countries.
App Store is a service mark of Apple Inc.
Google Play is a trademark of Google Inc.
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A future Fort Mill hospital remains mired
in legal appeals — and likely will be for
some time.
Last week, S.C. Administrative Law
Judge Phillip Lenski granted Carolinas
HealthCare System a stay that would
block Piedmont Medical Center from
beginning construction of its planned
$147 million hospital.
Two days later, Lenski issued an order
vacating that ruling because Piedmont’s
response objecting to that stay was
“apparently misrouted to another judge
on the Administrative Law Court.”
The order for a stay is vacated pending
further review by the court.
Both Carolinas HealthCare and Piedmont Medical declined to comment.
These rulings are just the latest salvo
in a nearly decade-long battle over which
system will build a hospital to serve
northern York County. Both health-care
providers continue to argue the merits of
why they should be chosen.
Piedmont wants to build a 100-bed
hospital off S.C. Highway 160 at U.S.
Highway 21.
Carolinas HealthCare plans a $77.5
million, 64-bed hospital north of the
Catawba River. The 140,000-square-foot
facility would be built at the Sutton Road
exit off Interstate 77.
Each has been granted regulatory
approval to construct a Fort Mill hospital, only to see it taken away upon appeal.
The court ruled in December that
Piedmont Medical be awarded the rights
to build a hospital — the third time it had
received such approval.
Carolinas HealthCare appealed, asking the court to block issuance of a cer-
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Covers the region, manufacturing
and international business
I [email protected]
R REPORT
CARD
LANCE SEES STRONG
GAINS IN HEALTHY SNACKS
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The core lab building
at NCRC is the hub for
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ECONOMIC DEVELOPMENT
Report critical of N.C. incentive failures
N.C. counties in the Charlotte region
didn’t fare well in an N.C. Justice Center
report condemning the state’s record on
a key economic-development incentive
program.
The N.C. Department of Commerce had
to cancel 60% of the grant awards under
the state’s Job Development Investment
Grant, or JDIG, program, according to an
N.C. Justice Center analysis of the state’s
annual reports on the program.
Most of the grants canceled were for
companies that didn’t live up to promises
of job creation.
“If North Carolina continues to use
incentives to pick winners and losers in
economic development, the state needs to
do a much better job of picking winners,”
Allan Freyer, director of the Workers’
Rights Project and author of the report,
says.
“Given the troubling number of failed
R CLOSER
LOOK
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CARL LEE, Snyder’s-Lance CEO
N.C. Research Campus is spending $1.5
million to create speculative lab space and
flex office space in the main lab building
in Kannapolis.
The construction will add 4,800 square
feet for two or more companies that want
to be in the David H. Murdock Core Laboratory building.
Clyde Higgs, vice president of business
development at the campus, says the market seems right for companies that want
to collaborate on campus.
“We fill a unique niche in the Charlotte
market for companies and researchers to
move into lab space that is ready-to-go,”
he says. “They can plug in their equipment
and get to work.”
The space is being added on the third
floor of the main lab building.
The first 3,000 square feet can accommodate from one to three companies. A
second 1,800-square-foot area can be
divided among more than one company.
The space is downstairs from the David
H. Murdock Research Institute and near
the UNC Charlotte Bioinformatics Services
Division.
The first spec space on campus was
leased in early 2013 by the NCA&T
Center for Excellence in Post-Harvest
Technologies.
The 350-acre research campus focuses
on health, nutrition and agriculture, but
the goal is to attract innovative companies,
Higgs says.
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“Our industry is going
through an exciting
time, as it responds to
a shift in consumers’
expectations across
snacking categories.
These consumer changes
favor a decisive, nimble
and aggressive midsized company like
ours with the scale to
compete.”
NCRC adding more spec space in core lab
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SAID IT
$1.5 MILLION PROJECT
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@CBJELKINS
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Snyder’s-Lance Inc.’s steps
toward branded products and
a division of healthier snacks is
already paying off.
The company’s net income for
the fourth quarter totaled $26.3
million, or 37 cents per share, up
from $23 million, or 33 cents per
share, a year earlier.
The Charlotte-based snack
producer said its earnings from
continuing operations grew
to $21.1 million, or 30 cents a
diluted share, from $15.4 million,
or 22 cents per diluted share, in
the fourth quarter of 2013.
For the full fiscal year that
ended Jan. 3, Snyder’s-Lance
earned $192.6 million, or $2.72
per share, up from $78.7 million,
or $1.12 per diluted share in fiscal
2013. The past year’s results
included an after-tax gain of
$121.5 million, or $1.71 per share,
on its sale of a private-brands
unit.
The company says its earnings
from continuing operations
totaled $77 million, or $1.09 per
diluted share, for the full year.
That was up from $68.8 million,
or 98 cents per share, in 2013.
Company CEO Carl Lee Jr.
says 2014 was a “transformative”
year as it sold the private-brands
unit and created Clearview
Foods, a new division of “better
for you” snacks.
“Our industry is going
through an exciting time, as it
responds to a shift in consumers’
expectations across snacking
categories,” Lee said in a news
release about the earnings.
“These consumer changes favor
a decisive, nimble and aggressive
mid-sized company like ours with
the scale to compete.”
Lee predicted that net
revenue would fall slightly in 2015
while earnings per share will stay
the same or improve slightly in
2015.
704-973-1114
Mecklenburg County received the
state’s largest Job Development
Investment Grant over the past two
years — valued at $110 million over 10
years — which went to MetLife. The
insurer has established its U.S. retail
headquarters in Ballantyne Corporate
Park.
projects, now is not the time to accept the
governor’s proposal to expand JDIG and
create a new ‘catalyst fund’ for closing new
incentive deals,” Freyer adds.
Cleveland, Iredell, Rowan and Union
counties had all their JDIG grants revoked,
according to the report. Catawba County
lost 75% of its JDIG programs, the N.C. Justice Center says.
Mecklenburg County lost 50% of its
JDIG grants and earned the distinction of
receiving the state’s largest grant, valued
at $110 million over 10 years, which went
to MetLife two years ago.
That grant effectively pushed the program to the capped level for 2013. No other JDIG funds were available after that
MetLife grant.
“JDIG is running out of money because
the governor spent more than half of the
program’s available funds on just one project in 2013 — the MetLife deal in Charlotte
— leaving less for everyone else,” N.C. Justice Center states in the report.
MetLife announced in March 2013 it
would bring 2,600 jobs to North Carolina
by the end of 2015 through a $125.5 million
expansion in Charlotte and Cary.
The jobs are being distributed evenly between the two cities as the company creates hubs for its U.S. retail business
here and for its global technology and
operations unit in the Triangle area.
7
FEBRUARY 20, 2015 CATAWBA COUNTY
CELEBRATES TWO
MAJOR EMPLOYERS
Two Hickory-based companies got a big
“thank you” this week from local government and the county’s economic-development agency for their contributions to
the area’s economy.
THE LOOP
It pays to tend
to your flock.
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Over the past 5 years, employee
out-of-pocket expenses have
risen nearly 40%1.
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Aflac can help protect your employees with
cash to cover their bills in the event of a covered
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sickness or injury. And now they can get their
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Small businesses like how easy it is to add
voluntary coverage to their benefits at no
direct cost. Especially when it is from Aflac,
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insurance sales for 13 consecutive years3. Aflac
se
may even be a pre-tax deduction, so when we
say it pays to tend to your flock, it just might.
Call your local agent and visit
aflac.com/smallbiz
CONSTRUCTION STARTS AT
GITI PLANT IN RICHBURG
Giti Tire Group of Singapore
started construction of its planned
1,700-employee tire plant in Richburg last
week.
S.C. Gov. Nikki Haley joined Giti officials
at a celebration at the 1,100-acre site at the
Interstate 77 interchange at S.C. Highway
9.
The first tire is expected to roll out
of the $560 million plant in late 2016.
Eventually, 30,000 tires will be made
annually at the facility when it reaches full
production.
Haley announced Giti’s plans for
Richburg in June.
2014 Employer Health Benefits Survey, The Henry J. Kaiser Family Foundation, September 10, 2014. 2One Day PaySM is available for most properly documented, individual claims submitted online through
Aflac SmartClaim® by 3 PM ET. Aflac SmartClaim® not available on the following: Short Term Disability (excluding Accident and Sickness Riders), Life, Vision, Dental, Medicare Supplement, Long Term Care/
Home Health Care, Aflac Plus Rider and Group policies. Individual Company Statistic, 2015. 3Eastbridge Consulting Group, U.S. Worksite/Voluntary Sales Report. Carrier Results for 2002-2014. Avon, CT.
Coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, coverage is underwritten by American Family Life Assurance Company of New York.
1
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Worldwide Headquarters | 1932 Wynnton Road | Columbus, GA 31999
1/15
S:10”
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An Arizona-based “green” packaging
company plans to spend $15.4 million
to open a plant in Chester County that’s
expected to bring 115 jobs over the next
five years. Footprint, headquartered in
Gilbert, Ariz., will establish its second U.S.
plant in an existing 109,000-square-foot
building in the L&C Distribution Park.
Hiring is scheduled to start during the third
quarter as Footprint installs production
lines at the site off S.C. Highway 9, near
Interstate 77. Those interested in working
at the plant should email their résumés to
[email protected].
“When looking at the available
work force and our next generation of
sustainable materials and manufacturing
technologies, South Carolina became the
clear choice for our new state-of-the-art
facility,” Footprint CEO Troy Swope says.
Products from the plant will supply
customers on the East Coast and in
Canada.
Brian Singleton, chairman of the
Chester Development Association,
describes the company as “technology
focused.”
“Footprint is a great addition to the
Chester County manufacturing sector,” he
says.
Two former employees of Intel Corp.
— Swope and Yoke Chung — founded
Footprint. The two say they’re “waging a
war on plastic packaging” by offering an
alternative, environmentally friendly type
of fiber packaging in three existing plants.
The company has plants in Gilbert;
Mexicali, Mexico; and Shanghai.
The S.C. Coordinating Council for
Economic Development has approved job
development tax credits for the Footprint
project.
The value of those incentives wasn’t
disclosed.
year end.
CommScope has about 1,600 employees in Catawba County, where it is
headquartered.
Von Drehle is spending $100 million to refit a former Natchez, Miss.,
paper-pulp plant that it bought in early 2013. The company, based in Hickory
since 1974, also operates a paper plant in
Maiden.
ica
GREEN PACKAGING CO.
ADDS CHESTER PLANT
ba Board of County Commissioners, say
CommScope’s and von Drehle’s contributions are really “on a national and
international scale.
CommScope expects to grow to
22,000 employees from its current
10,000 as its buysS:7.5”
most of the business
of TE Connectivity.
The $3 billion deal was announced
last month and is expected to close by
er
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R OUTSIDE
CommScope Inc. and von Drehle
Corp. received a framed proclamation
from the city of Hickory, Catawba County and the Catawba County Economic
Development Corp.
The presentation was made during a
meeting of the economic-development
agency in Hickory.
Hickory Mayor Rudy Wright and Randy Isenhower, chairman of the Cataw-
ERIK SPANBERG
Covers government, sports,
transportation and hospitality
I [email protected]
R WHAT’S
NEXT
CHECKERS CUT TICKET
PRICES WITH ARENA MOVE
LOOK
PRICE OF PROGRESS
ss
The Panthers did not
raise ticket prices
from 2010 to 2013
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Back-to-back playoff appearances mean
back-to-back price hikes for Carolina
Panthers fans. The team has mailed ticket renewals for 2015, including a letter
mentioning price increases mostly in the
range of $2 to $5. The largest increase —
$30 per ticket — applies to 2,200 seats, or
3% of the 74,000-stadium capacity, located in the lower level at the 50-yard-line on
each side of the field.
Carolina kept prices flat from 2010
through 2013. Last season, the team took
an approach similar to what it has just
rolled out for 2015, adding $2 to $5 to the
cost of 66% of the stadium capacity.
The higher prices are for season tickets and single-game seats. Suites and club
seats are excluded. Combined, the 158 luxury suites (2,700 seats) and the club seats
GRANT BALDWIN
(11,200) account for 18% of all tickets in
the stadium. Both suites and club seats
require multiyear contracts. Those contracts include built-in escalators for tickets of no more than 4% per year.
“The Panthers’ average ticket price
will again rank among the lower half of
the teams in the NFL,” Danny Morrison,
the Panthers president, wrote in the letter sent to season-ticket holders. “We will
also continue the five-year renovation
plan to refresh Bank of America Stadium
so it remains the premier outdoor venue
for NFL football.”
In 2014, Team Marketing Report ranked
the Panthers 23rd out of 32 teams in the
NFL in average ticket prices. Carolina
entered the 2014 season at an average
ticket cost of $72.44 — 14% less than the
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BRAD OVERCASH, chair of the
Mecklenburg County Republican
Party, on the prospects for a
Republican mayoral candidate in
Charlotte
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“We have had historic
fundraising these past
two years. We have a
City Council trending
very hard on the left
and we need to focus
on fiscal responsibility
so we don’t see tax
increases and so we’re
not squandering money
on things like the
streetcar.”
Here we go again: Panthers hike prices
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THEY SAID
AVERAGE TICKET PRICE IN 2015: $79.08
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@CBJSPANBERG
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The Charlotte Checkers are
skating in a different direction
from the city’s major sports
teams. Since December, the
Carolina Panthers, Charlotte
Hornets and the Charlotte
Knights have disclosed plans to
raise ticket prices in 2015. The
Checkers, an American Hockey
League franchise, the equivalent
of Triple-A level in baseball,
decided this month to reduce
prices next season.
Single-game seats will fall by
$3, $5, $10 and $20 per seat. The
largest discount is 40%, or $20,
for a rinkside seat, which will
cost $30 instead of $50. Seasonticket prices will be reduced by
50 cents, $1.50, $3, $3.50 and $4
per ticket. On a per-game basis,
the lowest-cost single-game
ticket will go to $12 from $15 and
the least-expensive season seat
drops to $10 from $10.50.
At Time Warner Cable Arena,
the Checkers’ current home,
capacity in the 19,000-seat
basketball arena is reduced to
8,000 for hockey. Of that total,
6,000 seats can be sold by the
hockey team, while the remaining
2,000 are included in premium
seating contracts controlled
by the Hornets. In October,
the Checkers are returning
to Bojangles’ Coliseum on
Independence Boulevard.
Before the Checkers begin
play in October, all of the seats
will be replaced as part of the
first phase of a two-year, $16
million renovation at Bojangles’
Coliseum. Those new, wider seats
will shrink capacity to 8,700 from
9,600, but that still leaves the
Checkers with 2,700 more tickets
to sell than they have at the
uptown arena.
704-973-1116
The Carolina Panthers and the 19-yearold Bank of America Stadium are
privately owned by the Richardson
family and other investors. In 2013,
City Council approved spending $87.5
million of taxpayer money for stadium
renovations, maintenance and gameday traffic management in exchange
for the Panthers promising to play
at least six more seasons uptown,
beginning with the 2014 season.
The Panthers pledged $37.5 million.
Fans saw the first phase of stadium
upgrades last season. Combined the
city and team spent $65 million on new
scoreboards, ribbon-graphics boards,
a sound system and escalators to the
upper level. A team-funded makeover
of the 158 luxury suites is under way
for 2015. In 2016 and 2018, the city
and team will finish the proposed
renovations.
league average of $84.43. Those comparisons exclude luxury suites and other premium seating. In a separate category for
premium seating price — suites and club
seats — Team Marketing Report found Carolina 10% more expensive than the NFL
average: $276.97 for the Panthers versus
$252.06 for the league.
Including the increases announced Friday, the average ticket will cost $79.08 next
season, the team said. Prices for non-premium seats range from $43 to $160. The
top-end $160 tickets, those in the lower level at midfield, saw the biggest price
hikes of $30 each. That follows a jump of
$21 for those seats in 2014.
All but 7,000 or so seats at Bank of
America Stadium are season tickets, with
the rest sold on a single-game basis.
LIVE TV MOBILE APP
A new way for Hornets to build buzz
Fox Sports South has started live-game
streaming of NBA games on its mobile app,
a move that could help the Charlotte Hornets improve their lagging TV interest. This
month, the Atlanta-based regional sports
network began promoting the app on air
and at Time Warner Cable Arena.
Access to the app is limited to cable subscribers with AT&T U-verse, Time Warner
Cable and Charter Spectrum. DirecTV will
be added soon, and Fox is in talks with
other carriers. The app, Fox Sports Go, is
free and available for most major smartphone and tablet brands.
“We want to give people on the go an
opportunity to watch Hornets games,”
Michael Gray, Fox Sports South social
media coordinator, told me. “It’s good for
the team and good for the fans.”
Fox Sports South will be able to track
app audience size, giving advertisers and
Hornets sponsors additional exposure. The
network has the game rights for 17 NBA
teams, including the Hornets, and this is
the first year Fox has been able to stream
NBA games through its app. A spokesman
says Fox hopes to reach similar agreements with the National Hockey League
and Major League Baseball teams.
Fox Sports South owns FS Carolinas
and SportSouth, both carried in the Carolinas. All but two of the Hornets’ 82 games
are airing on SportSouth. “This makes the
games more accessible,” Hornets President Fred Whitfield told me. “We want to
make it easier for people to follow us.”
TV has been a persistent weak link
for the franchise since the NBA returned
here in 2004. The Hornets, known as the
Bobcats until this season, first launched
a team-owned cable digital network that
went out of business after nine months.
9
FEBRUARY 20, 2015 HAYES
er
Am
Joe Huneycutt Team
Sales Team of the Year
Congratulations to our top producers
for 2014 and thank you to the
families who put their trust in us.
Peggy Peterson
Sales Associate of the Year
n
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Lucy Butler
Callie Kelly
Wilkinson/Cochran Team
Chip Jetton
The Ritchie Team
Lisa Rupp
Cindi Hastings
Maren Brisson-Kuester Team
Gayle Daly
Becky McGrath
Donna Anderson
Daniel Cottingham
Bridget Graves
Tut Farrell
John Ogburn
Roseann Hill
Leigh Corso
Buster Cox
Anja Zimmerman
Jenny Lam
Judy Raghavan
Rookie of the Year
Sara Roche
Sheryl Hallow Team
Tuck Team
FinchMiller Team
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Jim Fagan Team
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Anne Bell
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Sarah Kennerly
Win Register
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www.cchrealtors.com
Interact With Us
JOHN DOWNEY
Covers the energy industry,
utilities and public companies
I [email protected]
704-995-4327
@CBJENERGY
COAL-ASH SPILL
Duke in $100 million Dan River settlement talks
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The spill at the shuttered Dan
River Steam Station started
on Feb. 2, 2014, and took
several days to stanch
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DUKE MOVING MILLIONS BACK FROM OFFSHORE
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Duke Energy has decided to hold onto its international operations and bring $2.7
billion in earnings held offshore to the U.S. over the next seven years through a
taxable dividend. Duke Energy CEO Lynn Good says the repatriation of that money
allows the company “to put cash to work that we had formerly trapped offshore.”
It will help fund some of the major initiatives Duke has announced over the last
several months, including a $2 billion investment in the $5 billion Atlantic Coast
Pipeline and the $1.2 billion purchase of 700 megawatts of capacity from the N.C.
Eastern Municipal Power Agency.
Duke announced last year it would review its international operations, which
represent about 10% of its business, for a possible sale.
Good says determining the company could bring the overseas profits to the U.S.
in what she called a “tax-efficient manner” was a key to the decision. It makes the
international operations, which had adjusted segment income of $428 million in
2014, “a fairly strong strategic fit with what the company is trying to accomplish.”
The company took a one-time tax charge of $373 million in the fourth quarter to
account for the taxes involved in repatriating the foreign profits.
The operations are mostly hydroelectric plants in Central and South America.
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ash escaped.
Federal and state authorities say Duke
has completed the cleanup of the river.
But a federal grand jury in Raleigh started investigating the spill within two
weeks of the accident to determine if it
amounted to a crime.
Subpoenas also made clear that the
grand jury was investigating Duke Energy’s practice of storing ash in wet ponds
and whether there was any improper
relationship with state employees and
officials over the regulation of those
ponds.
The spill also prompted the N.C. General Assembly to adopt new regulations
on the disposal of coal ash.
The legislation calls for all of Duke’s
more than 30 coal-ash ponds to be closed
over the next 15 years. Duke currently
estimates the cost of that effort at around
$3.4 billion.
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IMPACT ON CHARLOTTE OFFICE
er. It took days to seal the pipe, during
which time an estimated 39,000 tons of
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at Duke’s shuttered Dan River Steam Station spewed toxic coal ash into the riv-
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Duke Energy Corp. expects to file what
will likely be a $100 million settlement in
the federal grand jury investigation into
the massive coal-ash spill on the Dan
River last year.
“We expect the proposed agreement
could be reached and filed in the next
several days for consideration by the
court,” Duke Chief Executive Lynn Good
told analysts during an earnings call
Wednesday. “If approved, any proposed
agreement would resolve the ongoing
grand jury investigation of the company’s coal-ash-basin management.”
Good did not go beyond a formal
statement about the agreement.
“We are currently in settlement discussions with the U.S. government
related to the ongoing federal grand
jury investigation of the February 2014,
Dan River coal-ash spill and ash-basin
operations at other North Carolina coal
plants,” she said.
The company will not provide additional comments because the matter
involves pending litigation.
Thomas Walker, the U.S. Attorney for
the Eastern District of North Carolina,
released a terse statement, saying he had
no comment.
The company has included a charge of
$102 million in its fourth-quarter earnings released Wednesday. Chief Financial
Officer Steve Young said the charge was
“based upon our assessment of probable financial exposure related to any
agreement.”
Just over a year ago, a stormwater pipe
running under the main coal-ash pond
NuScale deal puts Areva in modular nuclear business
NuScale Power, which last year opened a
Charlotte operation, has contracted with
Areva Inc. for fuel design and testing
work on NuScale’s 50-megawatt modular reactor.
Initial work on the project will be
handled by Areva’s Richland, Wash.,
nuclear-fuel operation and its nuclear-products center in Lynchburg, Va.
But the companies say it is a long-term
agreement that eventually will include
engineering work in Charlotte.
NuScale opened its Charlotte office
last summer with long-term plans
to expand the operation to about 70
employees. Mike McGough, NuScale’s
chief commercial officer, says the company is almost halfway there, with 33
employees at its offices in the Fluor
building on Piedmont Row Drive. Fluor
is the majority owner of NuScale.
The space on the sixth floor can
accommodate 40 employees, McGough
says, and he expects NuScale to soon outgrow its current location.
Areva Inc., the North American subsidiary of France-based Areva SA, moved
its headquarters to Charlotte in 2013. But
since that time, the number of employees here dropped from 615 to 440.
The contract puts Areva in the nascent
U.S. small modular-reactor market.
NuScale and The Babcock & Wilcox
Co. have won U.S. Department of Energy grants totaling more than $400 million each to match investments in devel-
oping the small reactors for commercial
use by the mid-2020s.
B&W recently cut back drastically on its investment in the technology
and scaled back its Generation mPower
joint venture with Bechtel Corp. Westinghouse also put its development of the
reactors on hold.
Both cited a weak market for the
as-yet unproven reactors.
NuScale says it finds there is still considerable interest in the reactors, which
can be built on an assembly line and
shipped to a plant site for installation.
It is the only U.S. company still pressing on full tilt with development of the
reactors.
Areva spokesman Curtis Roberts says
the companies are not releasing the
financial details of the contract.
It is expected to be a multiyear project, but the specific length of the contract cannot be determined yet, Roberts
says.
Still, Areva Chief Operating Officer
Craig Ranson says it is an important
contract.
“Areva remains committed to providing its expertise and services to customers like NuScale Power,” Ranson
says. “This supports the advancement
of nuclear energy in the U.S. energy
mix as a reliable source of low-carbon
electricity.”
NuScale Power is based in Portland,
Ore.
11
FEBRUARY 20, 2015 MERRIFIELD JOINS D.C.
LAW FIRM, STILL ACTIVE
WITH INDUSTRY HERE
Jeff Merrifield, a fixture on the Charlotte
energy scene since he took a job with the
Shaw Power Group in 2007, has taken a
job as a partner in the energy practice of
Washington law firm Pillsbury Winthrop
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Alevo Group has signed a joint operational
agreement with consulting firm
Customized Energy Solutions to provide
200 megawatts of frequency-regulation
services using the GridBank battery
systems Alevo will build in Concord.
The first 1-megawatt GridBank units will
be ready for shipping in July. Installations
for the CES operation will start after Oct. 1.
To date, Alevo has 50 employees at its
Concord operation, and it’s on track to
have 500 working there by the time the
final CES GridBanks are installed.
Alevo says the frequency-regulation
services using its storage system will be
sold into the wholesale energy market
across CES’ network in the U.S. It will be
the largest energy-storage deployment in
the country, Alevo says.
CES, based in Philadelphia, has more
than 350 customers in North America,
working through eight independent
system operators, including the massive
PJM Interconnection system in the midAtlantic and central United States, the
Electric Reliability Council of Texas and the
California Independent System Operator.
“This is a critical juncture in the
integration of battery storage into the
market, transitioning from pilot projects
to grid-scale commercially viable
installations,” says Judith Judson, CES’
director of emerging technologies.
“Storage can provide huge value across
the electric grid in terms of increased
efficiency and reduced costs, but the
challenge has been monetizing the
benefits.”
She credits Alevo with being “a
forward-thinking company with an exciting
new battery chemistry.”
Alevo CEO Jostein Eikeland calls the
agreement a milestone for his company.
As Alevo prepares to provide storage
for its first agreement, hiring continues
apace. In December, Alevo hired Jeff
Gates, formerly managing director in
Duke Energy’s commercial transmission
business, as its director of sales and field
operations. Gates’ work at Duke included
the deployment of the 36-megawatt
storage battery at Duke’s 153-megawatt
Notrees Wind Power Project, the largest
commercial battery project operating in
the U.S.
Alevo has focused on setting up plant
management. General labor hiring is
expected to pick up this spring.
Some equipment has been installed at
the 3.5 million-square-foot former Philip
Morris cigarette plant in Concord. But the
principal equipment installations will begin
in March and April.
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ALEVO GETS FIRST DEAL
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ry board of the Energy Production and
Infrastructure Center at UNC Charlotte,
the board of E4 Carolinas and the Central Piedmont Community College Foundation board.
Merrifield came to Shaw as an expert
and advocate for the nuclear industry. He
spent more than eight years as a commissioner of the U.S. Nuclear Regulator Commission. He came to Shaw as
er
Am
R POWER
Shaw Pittman.
In the position, he provides strategic advice, counseling and advocacy for
energy companies. Most of his work is
focused on nuclear energy.
“I am in D.C. a good chunk of the time,
but I still live down in Charlotte,” he says.
“I am commuting back and forth.”
Merrifield remains active in the
industry here. He serves on the adviso-
data. voice. network. cloud.
it was beefing up its nuclear operations
in Charlotte. But the expected “nuclear
renaissance” has slowed. In late 2012, the
power group’s parent, The Shaw Group,
was sold to Chicago Bridge & Iron. Merrifield remained with CB&I until September, when he left and started an energy-consulting firm.
He took the job with Pillsbury in
January.
WILL BOYE
Covers commercial real
estate and legal industry
I [email protected]
R DONE
DEALS
BEACON ADDING TO
INDUSTRIAL PORTFOLIO
JLL taking Chiquita space back to market
Chiquita Brands International has hired
JLL to sublease its headquarters space at
the NASCAR Plaza building in uptown.
Chiquita, which plans to close the
headquarters by year end, leases 138,000
square feet on six floors in the 19-story
building. It signed a 13-year lease for the
space in 2012. Executives with the building’s owner, Parkway Properties, have
said Chiquita doesn’t have any termination rights in its lease.
It is the second-largest block of existing,
contiguous office space uptown, according to listing data, behind the 350,000
square feet available at AT&T Plaza.
Chase Monroe and Chris Schaaf at JLL
are marketing the space for Chiquita. Given job growth and declining office vacancy rates uptown, the two say they expect
healthy demand for the space.
“We think it’s the most important block
of available square footage between Washington, D.C., and Atlanta,” Schaaf says.
He adds the space was built out less
than three years ago and features a bright,
open environment that can be reconfig-
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Chiquita signed a 13year lease in 2012 for
its HQ space here
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ured for a new user.
Another plus for users looking at the
Chiquita space: A new Whole Foods Market will be arriving on the opposite side of
Stonewall Street in 2017 as part of a mixeduse Crescent Communities development.
JLL will market the space with an asking rental rate in the mid-$20s per square
foot, well below the $30-plus rates that
new office projects in uptown and midtown will be seeking.
But Monroe expects the Chiquita space
will lease up so quickly it won’t compete
with those developments. “We think that
this will lease up before it even affects
them,” he says.
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MARKETING FIRM WILL FILL GRINNELL CO. BUILDING ON WEST MOREHEAD
building out of foreclosure in 2013 and
completed renovations last year, upgrading
the exterior and adding a 1,300-square-foot
roof deck with skyline views.
Edifice has its offices next door at the
renovated Coca-Cola Bottling building,
which Laster also owns.
Interest in the renovated Grinnell
building was high, Laster says, with
prospects representing a total of more than
100,000 square feet of office requirements
touring the space.
“The area’s fantastic for business,” he
says. “I knew that as soon as I could get it to
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Technekes, a business-to-business
marketing firm, has leased the historic
Grinnell Co. building at 1431 W. Morehead
St. in Charlotte.
The company plans to relocate to the
30,000-square-foot property this summer.
Technekes currently leases space at
1927 S. Tryon St. and plans to consolidate
its Charlotte and Research Triangle Park
offices, relocating about 120 employees to
the Grinnell building, says Eric Laster, CEO
of general contractor Edifice, who owns the
property.
Laster purchased the then-unfinished
rc
Jim Myers & Sons Inc. is
expanding and plans to relocate
to a 72,000-square-foot industrial
building on Westinghouse
Boulevard that it bought late last
year for $3.25 million.
The company specializes in
municipal water and wastewater
treatment equipment and
systems and had outgrown its
42,000-square-foot facility in
Pineville. The new location at
5120 Westinghouse Blvd. is
being renovated and will double
the company’s office space and
provide additional manufacturing
space as well, says Dave Myers,
president of Jim Myers & Sons.
Myers says the company,
which has 45 full-time
employees, will move into the
building this spring.
The seller of the Westinghouse
building, wood-products
manufacturer Weinig Holz-Her,
was represented by Dwayne
Alexander of Rhyne Alexander
Mattox Realty Co. Inc. Mike
Brown of Clearview Commercial
Real Estate Advisors represented
Jim Myers & Sons.
138,000 SQUARE FEET FOR SUBLEASE
ica
COMPANY GROWS WITH
WESTINGHOUSE MOVE
@CBJREALESTATE
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Beacon Partners has bought
two industrial buildings off
Westinghouse Boulevard for
$8.6 million. The Charlotte firm
bought a 105,600-square-foot
building at 10708 Granite St. for
$6.6 million and a 67,200-squarefoot building at 9701 Brookford
St. for $2 million. The Granite
Street building will soon have a
25,600-square-foot vacancy.
The deals add to Beacon’s
existing 2 million-square-foot
industrial portfolio in southwest
Charlotte.
Pete Pittroff of JLL represented
the seller of the Granite Street
building, and Peter Bergen of
Bergen Realty represented the
Brookford Street seller.
704-973-1156
a condition where someone could see the
potential of the building, it would be taken.”
The Grinnell building was the first new
office space added to Charlotte’s midtown
submarket since 2012, according to Karnes
Research Co. Just a couple blocks away,
Citisculpt and The Knox Group are planning
a 70,000-square-foot office and retail
development at the intersection of West
Morehead Street and Interstate 77.
Charlie Swanson and Kristy Venning of
Beacon Partners represented the landlord
on the lease. John Christenbury and Robert
Hoyt of DTZ represented Technekes.
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13
FEBRUARY 20, 2015 BOUTIQUE APARTMENT PROJECT
Developer targets the (very) high end in Dilworth
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The 24-unit
building should
be complete
early next year
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MISSION PROPERTIES
project developed by Chris Branch and
Ray Jones in Myers Park.
“There is enough market, we believe,
for 24 folks who would appreciate that
living experience with Latta Park and so
many nearby walkable amenities,” he
says. “I think we can find people who
will, for the right product, pay that.”
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McArthur has completed several
infill, boutique apartment projects in
recent years, including The Nook, an
award-winning 25-unit building in Plaza-Midwood; Plaza 25, a project near
Central and Clement avenues that he
developed with John Rudolph; and 708
Summit, a 35-unit development in Wes-
ley Heights, near South Summit Avenue
and West Morehead Street.
McArthur recently filed a rezoning
petition for 4.6 acres at Park and Sharon roads where he hopes to develop
18 townhomes and 36 luxury senior
apartments.
McArthur has spent his entire career
in the multifamily sector, working for
firms such as Trammell Crow Residential, Wood Partners and Crescent
Resources before going out on his own.
He hasn’t sold any of his apartment projects and plans to hold the Dilworth property for the long term.
“It’s just one of those locations that
over the next 20 years will get better and
better as Charlotte mushrooms around
us,” he says. “It’s a long-term play for
us.”
Josh Beaver of The Nichols Co. represented the seller of the property, and
Ralph Falls of Pace Commercial represented the buyer.
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Mission Properties plans to start work
soon on a 24-unit luxury apartment
complex with underground parking at
East Boulevard and Winthrop Avenue in
Dilworth.
Headed by Jason McArthur, the firm
received approval for the development
from the Historic District Commission
last year. McArthur expects the project
will take 10 to 12 months to complete.
An affiliate of Mission Properties
bought the vacant 0.32-acre site last
week for $1.05 million. It had been occupied by a two-story apartment building
that was destroyed by fire several years
ago.
The new building will include 18
one-bedroom and six two-bedroom
units, renting for between $1.75 and $2
per square foot. That’s well above the
market average, but McArthur says the
units will feature an “unprecedented
level of finish,” comparing it with the
19-unit 2100 Queens Road apartment
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Congratulations to our January toP ProduCers
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Christy
howey
Kelley
Bohrer
Patty
hendrix
JoCelyn
rose
susan
May
traCey
CooK
Follow CBJ on Twitter!
Breaking News:
@CBJnewsroom
Networking & Nominations:
@CBJevents
vivian & MarK
lynne
Munson
CosPer-lainis
lisa
wilfong
sara
yorKe
Meredith
toMasCaK
donna
Boyar
4725 PiedMont row drive ● suite 120 ● Charlotte, nC 28210
704-552-9292
www.hMProPerties.CoM
Patty
rainey
ADAM O’DANIEL
I [email protected]
R BANK
NOTES
MILLION-DOLLAR
PAY CUT AT BOFA
704-973-1147
@CBJODANIEL
EXECUTIVE Q&A
SunTrust settling into SouthPark HQ
Bill Rogers, chief executive at Atlantabased SunTrust Banks Inc., came to
town for a grand opening this week at
the lender’s new regional headquarters
in SouthPark. Rogers, who has led the
company since 2011, met with many
of the bank’s 400-plus employees here
while he visited the state-of-the art
offices. The new
space houses the
bank’s investment
bankers, corporate
and commercial
bankers, business
and retail lenders
and wealthmanagement
teams, plus others.
Bill
Rogers spoke
Rogers
about SunTrust’s
commitment to
Charlotte, how he is preparing for the
future — and even the bank’s new deal
with the Atlanta Braves.
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SunTrust moved into
its new regional HQ
in SouthPark last fall
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SunTrust Banks leases a total of 90,000
square feet in the Sharon Square office
building it agreed to anchor in 2013.
The bank already signed a lease for the
second and third floors when it added
the 19,000-square-foot fourth-floor
space last summer.
It also has a branch on the ground floor.
The office building, part of a mixed-use
development by Pappas Properties, is
the first to be constructed in SouthPark
since Piedmont Town Center was
completed in 2007.
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business is geographically based.
And as you point out, employment is
growing and economies are growing
in our territory faster than the rest of
the country. We see great momentum.
But a lot of our business is national in
nature, such as investment banking,
private-wealth specialty businesses,
our online-lending platform and
correspondent-mortgage lending.
Our core Southeastern franchise is a
competitive advantage.
se
You are in a lot of Southeastern markets
on the up-and-comer lists. Are you
satisfied with that territory?
Our retail- and commercial-banking
LOOK
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How do you win new business in a
competitive market such as Charlotte?
We have the scale, the product and
the capability to attract the talent. But
we also have the nimbleness to actually
get everyone to work together and want
to work together to provide a great
client experience. Clients expect you to
have it all. But the way we can deliver
gives us a competitive advantage.
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What does this new office say about
SunTrust in Charlotte?
It’s a symbol, and symbols are
important. We’ve always been
committed to Charlotte since we
acquired National Commerce Bank
(which operated in Charlotte as
Central Carolina Bank). This market
is important to us, and we want to be
here for a long time. This allows us to
have a more visible symbol. This is the
first post-crisis class-A office building
in SouthPark. We’re excited to be the
headline on that building.
You’ve toured around and you saw
that we operate as one team. We’ve done
a lot of research, and consumers and
businesses like the one-team concept.
We’ve got our wealth team here, our
investment-banking team here, our
corporate-banking team here, retail,
business banking. They work together
with clients through the entire cycle. I
can’t tell you how much that resonates.
na
Brian Moynihan will have to
settle for a new title in lieu of
a pay raise this year. The chief
executive at Bank of America
Corp., who was recently named
chairman of the board, is
expected to
see his pay
package drop
to about $13
million based
on his 2014
performance.
That’s down
from a package
worth $14
Brian
million a year
Moynihan
ago.
Charlottebased BofA disclosed in a
securities filing Tuesday that
Moynihan has been awarded
$11.5 million in various stock
grants. That’s $1 million less
than last year. Full details of the
executive’s compensation will
be disclosed in the bank’s proxy
filing, expected to be released
soon.
The stock awards disclosed
Tuesday are mostly restricted
grants that ultimately will be
valued based on the long-term
performance of the company.
BofA’s board has set returnon-assets goals that must be
achieved over a multiyear period
for Moynihan to receive the full
value. The awards are based on
the current stock price, so an
improving share price can cause
the awards to increase in value,
or vice versa.
BofA has not paid Moynihan a
strictly cash bonus.
Banks traditionally award
stock grants and cash bonuses
to executives this time of year
that are based on the prior
year’s performance. At BofA,
2014 delivered mixed results.
The bank’s non-mortgagerelated lines of business saw
improvements. But a $16.7 billion
mortgage-securities settlement
last summer wiped out those
profit gains. For the year, BofA
reported about $3.8 billion in
total net income for common
shareholders, falling from $10
billion in net income reported in
2013.
Last spring also revealed the
infamous $4 billion accounting
mistake that had been floating on
BofA’s books since its acquisition
of Merrill Lynch in 2009.
The pay cut can’t be seen
as too strong an indictment on
Moynihan’s job performance.
After all, BofA’s board saw fit
to recently award the CEO the
additional role of chairman,
making him more firmly in
control of the company than at
any other point in his five-year
stint at the helm.
Covers banking,
entrepreneurs and technology
You made a big commitment to the new
Atlanta Braves ballpark. What does that
say about the company?
We define our purpose as lighting
the way to financial well-being. How
does that relate to a ballpark? We have a
great partnership with the Braves. We’re
exploring unique and meaningful ways
to engage in lighting the way related to
all the fans engaged in Braves baseball.
As we get closer to opening day in 2017,
you’ll hear more about how we plan to
do that. The other point comes back to
our national brand. Particularly with
the Braves, they are America’s team.
Everywhere you go, you’ll find a huge
Braves fan. This lets the SunTrust name
get recognized on a more national basis.
It’s unique also because this facility isn’t
just a ballpark but something that will
change a community. We share those
values and commitments that the Braves
stand for.
What are your leadership priorities in
2015?
We want to diversify our business mix.
Improve returns — focus on things that
are accretive to shareholder value. We
will continue to focus on the efficiency of
our company. We’ve made great strides,
and we will continue. And we don’t want
to lose focus of purpose. We want to be a
company driven by purpose.
As a CEO, what’s the most difficult part
of leading people on that mission?
It never goes as fast as you want it to
go. So there are always frustrations about
speed. But there is so much good going
on. Today was a shot of adrenaline. I got
to listen to teammates talk about how
they approach the business and all the
good things they’re doing.
As a leader, it’s easy to talk about
catching people doing something
wrong. But catching people doing
something right is a real testament
to leadership. I think we’re on the
right path. I want us to go faster. But
every day we make progress. Today is
a celebration. It’s the culmination of a
lot of hard work. It’s a symbol of what
we’ve accomplished.
15
FEBRUARY 20, 2015 SALES TEAM of the YEAR
cOngratulatiOns
AGENT of the YEAR
tO Our
2014 tOp prOducers
Sarah Salton
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Lynn Salton
Susan May
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Meredith Tomascak
Jane Anne McDermott
Eric Gamble
Leslie Fisher
Kelley Bohrer
Melanie Coyne
Cindy Walsh
Stacey Stolar
Suzanne Campbell
Liz McIntosh
Rivers & Chip Moon
Heather Bonner
Sharon Yoxsimer
Lynne Cosper-Lanis
Amy Scibelli
Wendy Kenney
Nancy Donaldson
Susan Porter
Randy Watson
Sara Brown
Christy Howey
Lisa Wilfong
Patty Hendrix
Vivian & Mark Munson
Margaret Wood
Carolyn Taylor
Tommy Ingram
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Sara Yorke
Steven Chaberek
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Valerie Mitchener, Owner
www.hMprOperties.cOM
MEET YOUR MENTOR
BIZWOMEN MENTORING MONDAY
This speed mentoring morning will consist of meetings between mentors and attendees, each lasting seven minutes.
Our mentors are local business experts in a variety of fields. Rotate among mentors for Q&A and review your
business materials. Don’t miss the unique opportunity to meet and connect with local business leaders!
Check out the mentors who will be attending our event!
Lynn Douthett, District Director,
US Small Business Administration
Christina Lee, President & COO,
Paradigm 360 Coaching & Consulting
Cheryl Richards, CEO & Regional Dean,
Northeastern University-Charlotte
Caroline Dudley, Managing Director,
Accenture
Moira LoCascio, Chief Executive Officer,
McLaughlin Young Group
Rochelle Rivas, Co-Founder &
Managing Partner, The DARTON Group
Mona Elias, Director of Recruitment
& Selection, Northwestern Mutual
Kim Marks, Principal, ai Design Group
Suzanne Schaffer, Partner, Milazzo
Gamble Schaffer Webb Law PLLC
er
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Dianne Bailey, Nonprofit Organizations
Practice Group Leader,
Robinson Bradshaw & Hinson
Kerry Barr O’Connor, Executive Director,
Dress for Success Charlotte
Linda Stanley, Market Executive for the
Carolinas, Global Commercial Banking,
Bank of America Merrill Lynch
Beth Monaghan, Partner,
CliftonLarsonAllen CAST,
formerly Monaghan Group
Diane Honeycutt, Team Leader/Realtor,
Team Honeycutt/Allen Tate Realtors.
Heather Thompson, Partner & Director
of Property Management, Trinity Partners
Regina Moody, President & CEO,
Holy Angels
Paula Vincent, President, Novant Health
Foundations & Community Engagement
Eileen Joyce, Marketing and Outreach
Manager, Lead Economic Development
Specialist, US Small Business Administration
Sharon Whittle, Principal, Carolinas
Compensation and Benefits Practice
Leader, Grant Thornton LLP
Terri Pope, Vice President, Airport
Customer Service/Charlotte Hub
Operations, American Airlines
Phyllis Wingate, Division President,
Carolinas Medical Center - NorthEast
Kim Reitterer, President,
Elm Engineering Inc.
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Jennifer Leary, Managing Partner Charlotte Office and Global Concierge
Services Partner, CliftonLarsonAllen LLP
Heidi Nowak, Director of Sales and
Marketing, The Ritz-Carlton, Charlotte
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Jill Dineen, Executive Director,
Classroom Central
Janeen Miller-Hogue, CEO,
The Miller Hogue Law Firm PC
Laura Hampton, VP, Marketing, Membership
and Training, The Employers Association
Suzy Johnson, President and Owner,
Employee Benefit Advisors of the
Carolinas, LLC
LaPronda Spann, Principal & Chief
Visionary Architect, Lain Consulting LLC
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Denise Dexter, Senior Vice President
& Director of Operations, Lincoln Harris
Amanda Groves, Partner,
Winston & Strawn LLP
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Susan DeVore, CEO, Premier Inc.
Jennifer Green, SVP, PNC
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Sherre DeMao, CEO, Stategy Maestro & Chief
Marketeer, SLD Unlimited Biz Growth Inc
Jenn Snyder, Executive Director,
Hood Hargett Breakfast Club
Nancy McNelis, Assistant Provost &
Managing Director of External Relations,
Queens University of Charlotte
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Stephanie Counts, Founding CEO & Vision
Keeper, Womens Inter-Cultural Exchange
Ellen Sheppard, President,
Carolinas College of Health Sciences
Marie McLucas, Chief Financial Officer,
Primax Properties LLC
Leslie Gillock, Vice President,
Director of Insights, wrayward
ss
Astrid Chirinos, Chief Development
Executive, Latin American Economic
Development Corporation
Theresa Foust, Assistant Vice President,
MetLife U.S. Retail Business Initiatives
ine
Ivy Chin, SVP eCommerce & Omnichannel
Digital, Belk Inc.
Emily Scofield, Executive Director,
U.S. Green Building Council –
North Carolina Chapter
Melissa McGuire, Managing Director,
Sherpa LLC
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Sarah Cherne, President & CEO,
Junior Achievement of Central Carolinas
A. Michelle Fish, CEO, Integra Staffing
& Bankston Partners
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Leigh Brown, Broker/Owner,
RE/MAX Executive Realty
Leah Maybry, Shareholder,
Elliott Davis Decosimo LLC
n
Colleen Brannan, President,
BRANSTORM PR & Marketing Inc.
ica
Melissa Boone, Office Managing Partner Charlotte, CohnReznick LLP
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3216 CPCC Harris Campus Dr.
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HARRIS CONFERENCE CENTER
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7:30-9:30 a.m.
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MONDAY, MARCH 30
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Register today at CharlotteBusinessJournal.com/event/122641
National Sponsors
Local Partners
Local Sponsor
Partners
17
FEBRUARY 20, 2015 SPECIAL REPORT: TECHNOLOGY INC.
Edited by Steve Cranford
[email protected]
704-973-1122
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Inside CLT’s growing tech scene
BY ADAM O’DANIEL
Look around, Charlotte: Technology is becoming kind
of a big deal here.
While the Queen City has never mounted much of
a challenge to the Research Triangle’s stranglehold on
technology prowess in North Carolina, recent developments are showing Charlotte to be an emerging player.
R Google Fiber chose Charlotte as one of the first
metropolitan areas in the U.S. to receive its gigabit
Internet service.
R Tech jobs are in high demand all over town, from
bank towers to small lofts.
R UNC Charlotte’s College of Computing and Informatics is now the largest technology school in the state,
with $30 million in research funding, 100 faculty members and 1,600 students.
R Startups are tapping into private investment cash,
and accelerators such as RevTech Labs continue to
expand.
R The Southeast Venture Conference to be held here
next month is drawing Apple co-founder Steve Wozniak
as a keynote speaker.
While Silicon Valley or Seattle might think these
developments quaint, they’re meaningful here. Technology isn’t just a department inside our big banks and
corporations anymore. It’s a growing piece of the local
economy. The N.C. Technology Association says 40% of
its members now have a major presence in Charlotte.
“Charlotte continues to improve,” says David Jones,
the dean of Charlotte’s tech entrepreneurs and founder of data center firm Peak 10 Inc. “Google announced
Charlotte first in front of a lot of markets they’ll eventually go in. That’s important. It’s a message that Charlotte
matters. That’s what I think about. I look back at where
we’ve come from — it’s pretty remarkable.”
This week, we take a look at the technology ecosystem in Charlotte through the eyes of three companies,
Red Ventures (top), AvidXchange (middle) and Infobelt.
They register at both ends of the spectrum in size
and impact.
But they share one common distinction: They’re
Charlotte born, bred and growing. They’re beating the
odds to create value for their owners and investors, add
jobs and make Charlotte’s economy more diverse.
SPECIAL REPORT
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Red Ventures CEO Ric
Elias addresses the
troops at a meeting
at the company’s
Indian Land complex.
The facility features
meeting rooms and
amenities to appeal to
a young work force
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CALIFORNIA INVESTMENT FUND BUYS IN
PHOTOS RED VENTURES
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Investment values Red Ventures at cool $1B
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BY KEN ELKINS
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Ric Elias, CEO of Red Ventures, says
Charlotte’s technology sector lacks the
large initial public offerings that signify
hubs of innovation.
But last month’s announcement that a
California investment firm bought a $250
million stake in his company shows the
area may be gaining traction. Silver Lake
Partners’ deal values the marketing firm
at an estimated $1 billion.
Olin Broadway, executive in residence
at UNC Charlotte’s College of Computing & Informatics and the founder of seven technology companies, expects Silver
Lake to remain an equity partner for a
long time.
“I would suspect that it portends an
expectation that Red Ventures has a great
future ahead of it,” he says. The company
was founded in 2000 in Charlotte.
Elias says Red Ventures won the backing because it’s growing at a 25% clip year
after year. Its home-services division is
growing at a rate of 40%, he says.
The New York Times reports Anton
Levy, managing director of General
Atlantic, which has had a minority stake
in Red Ventures since 2010, convinced
Greg Mondre, managing partner at Silver
Lake, to make the investment. Mondre is
joining the company’s board of directors.
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Silver Lake has invested in lots of other
technology companies, including Alibaba Group, Dell and Go Daddy.
“It’s the greatest company you’ve never heard of,” Mondre told the Times. The
newspaper cited an investment source
for the $1 billion valuation. Elias declines
to comment on that figure.
The investment means Red Ventures
will have the cash to expand on at least
four fronts: international, employment,
products and building space. The company will open an
office in Brazil next
month and another
in Western Europe
by year end.
Red Ventures’
north Charlotte
office, which has
Ric
400 employees, will
triple in size in a few
Elias
years. Its space in
the former Environmental Way building in University City can’t house 1,200
employees, so Red Ventures is scouting north Charlotte locations for its
expansion.
Elias says the company’s main campus in Indian Land will grow as well.
Plans call for a fourth building on the
site, which now houses 1,900 employees,
19
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CONNECT WITH
OPPORTUNITIES
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Red Ventures uses a collection of Internet-based tools to bring customers to clients. It creates websites for clients that are
designed to appear among the first pages
in Google and other search engines. Telephone numbers and links lead directly to
Red Ventures employees who pitch client
products. Red Ventures’ data and demographic analysis allows its employees to
tailor pitches to potential customers.
Red Ventures doesn’t get payment until
it delivers orders to its partners, a performance-based approach that attracts clients. The company is known for charging
less to win customers than what its clients would pay.
It’s that business model that probably piqued Silver Lake’s interest, Broadway says.
“The amount of revenue and the recurring revenues are the strong points for
Red Ventures,” he says. “I don’t know of a
company quite like them.”
Elias says the investment from Silver
Lake means Red Ventures is still a young
company. “It says our best years are yet to
come,” he says.
So what’s the chance that the next big
news from Red Ventures is an announcement of an IPO?
“Close to zero,” Elias avers. Red Ventures can best accomplish its goals without being “beholden to someone else’s
agenda,” he says.
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creating a college-like setting. Housing,
commercial space and athletic fields will
be added to the Lancaster County campus in coming years.
“We want to build something that really becomes a platform for talent growth in
this region,” he says.
Another growth area for Red Ventures is products and clients, which the
company calls “partners.” Its primary
partners include DirecTV, Verizon and
MetLife. Red Ventures spokeswoman
Maghan Cook told venturebeat.com that
the company is also gaining clients in the
energy sector. Cook says part of the Silver
Lake funding will allow Red Venture to
help consumers shop for energy services.
Elias says Red Ventures also is ramping up efforts to take advantage of the
emergence of the cloud. That has created an opportunity for the company to use
its selling techniques in the marketing of
software and financial services.
The constant search for opportunity explains how Red Ventures maintained its momentum. It has grown from
a 300-employee enterprise that moved its
offices into a large building in 521 Corporate Center in Indian Land from Charlotte
in 2009. Today, Red Ventures dominates
the business park with its red-accented
buildings. The company now has 2,300
area employees, and Elias believes its payroll will reach 3,000 by year end.
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Red Ventures is
preparing to expand
its Indian Land and
Charlotte locations
Safeguarding your technology assets
is a business issue, not a technical issue.
Address the big picture with us.
Wealth Advisory
Outsourcing
Audit, Tax, and Consulting
Investment advisory services are offered through CliftonLarsonAllen
Wealth Advisors, LLC, an SEC-registered investment advisor.
Jen Leary
704-998-5200 | CLAconnect.com
SPECIAL REPORT
HQ GOING TO N.C. MUSIC FACTORY
AvidXchange uses strategic location to grow
BY ERIK SPANBERG
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AvidXchange is in
temporary space at
the Metropolitan and
N.C. Music Factory
until it builds its
planned new complex
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home to an outdoor amphitheater, the
Fillmore music hall, the Comedy Zone,
nightclubs and restaurants, was driven
by one overriding factor. “What are we
going to do to attract the best and the
brightest?” he asked, noting his company recruits in Silicon Valley and other far-flung regions as much as it does
in the Carolinas. “And one of the biggest
limiting factors of our success and our
ability to grow is continuing to attract
the right people.”
AvidXchange, started in 2000, creates and administers electronic invoicing systems for clients and pays vendors
through its software. In return for saving companies the cost and time of data
entry, monitoring and, often, paper and
filing, AvidXchange charges a transaction fee. About 5,000 companies — most
om
Michael
Praeger, CEO of
AvidXchange,
says annual
revenue should
grow to $250
million from
$50 million
within three
years
rc
Growing fast is a nice problem to have.
But, as AvidXchange CEO Michael Praeger can attest, it’s a problem nonetheless.
Two years ago, the Charlotte tech firm
had posted strong gains in revenue, with
sales reaching $18 million, and its leadership recognized the company was at a
crossroads. Growth for a couple of years
had surged past 50% annually and forecasts called for more of the same. Sales
hit $30 million in 2014.
At the time, AvidXchange called the
Metropolitan complex home. (The company has smaller offices in New Jersey
and Salt Lake City with a combined 85
employees.) Praeger and his team knew
they were out of space in midtown and
also knew they were going to be adding
at least 600 employees over the next four
years.
How, Praeger wondered, could his
company find room to grow, keep the
social perks of having restaurants, bars
and entertainment near the office as
millennials demand, and do that in
Charlotte?
Taking a cue from Red Ventures,
another emerging tech firm in the area,
Praeger considered the possibility of
moving across the state line to South
Carolina, where incentives and inexpensive land are plentiful. South Carolina
recruiters offered incentives worth $64
million. It wasn’t enough. Instead, with
state and local incentives in Charlotte of
roughly $10 million, Praeger opted to
become the first major corporate tenant
at the N.C. Music Factory, the entertainment district that opened in Fourth Ward
in 2009.
Converted textile mills and warehouses have housed small offices for
area companies since the Music Factory opened. Even so, a desire to establish
the Music Factory as a legitimate spot
for office space remained unfulfilled.
No longer. In December, AvidXchange
moved 80 employees into 50,000 square
feet in the warehouse-like building at
the Music Factory that once housed Silver Hammer Studios. More employees
will follow in the months ahead as the
company gets ready to build a pair of
four-story, 100,000-square-foot buildings around the former studio site. Construction on the first of the buildings is
slated to start in summer and be complete in 18 months.
The company added 200 employees
in 2014 and anticipates similar additions
this year.
With an average age of 33, many
AvidXchange employees are eager to live
and work near their jobs and night life.
They don’t want lengthy commutes and
they tend to want to live near downtown.
With those factors in mind, Praeger’s
decision to move to the Music Factory,
with annual sales of $5 million to $20
million — are its customers.
Recruiting employees to the offices at
the Metropolitan was a pretty easy sell,
and Praeger believes the Music Factory
location will enhance the other attractive
features of Charlotte: an affordable cost
of living, good climate and easy access
to the beach and the mountains. Outof-state recruits are surprised by what
Charlotte has to offer, he says.
The allure of anchoring an entertainment district convinced Praeger to
make the move. “What we didn’t want
to do was move to the suburbs,” he says.
“And then have this campus where we’re
kind of an island and we don’t have any
amenities.” To sweeten the deal, AvidXchange plans to build a 15,000-squarefoot facility between the two new build-
ings with exercise and social areas.
Rick Lazes and his son, Noah, developed the Music Factory. They sold Praeger on the possibilities of the site. Noah
Lazes, president of ARK Group, says the
AvidXchange complex and a forthcoming 200-unit apartment project developed by Woodfield Investments will
change the perception of the area.
“They’re a creative and cutting-edge
company, and they’ve got vibrant young
employees who will fit perfectly into the
living component” of the Music Factory
and its entertainment venues, Noah Lazes says. “They’re our target customer.” He
credits local and state governments with
providing the incentives needed to make
the deal financially viable.
During a press conference at the
Charlotte Chamber in September, Gov.
Pat McCrory touted Praeger and AvidXchange for blossoming from a basement
startup into one of the area’s most prominent technology companies.
It looks like there is plenty more to
come. AvidXchange expects to hit $57
million in revenue this year, a 90%
increase from 2014. Praeger told employees in recent years that the company
should be “skating to where the puck
is” — a goal of $50 million. With that figure now in sight, he’s revised his target. The new benchmark: $250 million
within three years. Which explains why,
as planning for the new offices is under
way, Praeger and others at the company
are mulling six-story buildings instead
of four.
21
FEBRUARY 20, 2015 SPECIAL REPORT
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Srini Mannava
is founder and
CEO of Infobelt
-N
NANCY PIERCE
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RESISTS LURE OF SILICON VALLEY
fo
Tech firm dedicated to city at no small cost
stockpiling user data. In some cases,
including banks and hospitals, regulations require large amounts of electronic records to be kept — everything from
instant messages to email archives from
ex-employees.
Because disk space is cheap, many
companies keep saving troves of information in case it’s needed. But various systems can’t always talk to each
other, and the data isn’t clearly sorted.
For example, the disks saving millions
of old emails don’t necessarily distinguish between legally important customer records or a former employee’s
attachments of dog and cat photos. The
archives often don’t comply with a company’s policy that dictates how long the
data must be saved.
Infobelt addresses that problem by
plugging its cloud or on-site products
into a company’s archiving and data-governance systems, sorting through what
must be kept and properly deleting the
rest.
By doing so, Infobelt says it helps customers responsibly eliminate risk. If old
records are retained, a company is liable
if the data is ever hacked or subpoenaed.
There’s no reason to increase risk by sav-
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Srini Mannava is the kind of entrepreneur Charlotte says it wants: He’s a Bank
of America Corp. veteran building a company based on what he observed inside
Charlotte’s biggest corporation.
His company, Infobelt, is in the Queen
City’s technology and financial-services
wheelhouse: It has created a platform
to help banks, health systems and other companies organize and archive enormous pools of stored data.
He’s even located the company headquarters in Packard Place, the uptown
startup hub. Big banks and big data — a
match made in center-city heaven.
And while Infobelt is well on its way,
building a staff and adding customers,
the startup also embodies the challenges still facing Charlotte early-stage tech
firms.
“If we were in Silicon Valley, we’d be a
unicorn,” Mannava says in a recent interview, referring to the moniker awarded
companies that receive a $1 billion valuation when they take on investors.
But Infobelt is not a unicorn, at least
not yet. So the company has bootstrapped its growth, and has done quite
well by leveraging Mannava’s network in
the financial-services field and technology space. He’s hoping to announce a capital raise this year. Conversations with
investment funds are underway.
In the meantime, Infobelt is growing,
adding 15 employees last year for a total
of 23. It has customers from Jacksonville,
Fla., to Philadelphia, with more coming
on line.
“Our platform is a resounding success,” Mannava says.
Infobelt is built around a simple idea:
What a company doesn’t know about its
data can hurt it. And in this age, with
data piling up everywhere, there is plenty that big organizations don’t know.
Infobelt offers a software platform
that customers can integrate into their
data-governance operations to help sort,
organize and properly dispose of data
that’s no longer needed.
Mannava simplifies the workings of
the platform by comparing it to a messy
three-car garage that needs to have the
clutter separated into large, clear bins,
while taking some junk to a trash bin. He
says large banks, hospitals, energy firms,
manufacturers and government agencies
(among others) for years now have been
om
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BY ADAM O’DANIEL
ing data that’s no longer needed.
“Cleanse what you don’t need,” Mannava says. “No matter where the data is,
our platform can illuminate, cleanse,
label and archive.”
Outside investors would prefer Infobelt to grow up in Silicon Valley, he adds.
Potential backers say they want him
nearby for breakfast meetings and popin visits. But he’s committed to Charlotte, and he tells suitors he’ll fly to meet
them as often as they wish.
Infobelt’s biggest competition comes
from well-heeled tech firms in London,
San Francisco and New York. But it’s a
young field, and the potential market
is massive. So Mannava believes there’s
room for him to flourish here.
He wishes Charlotte offered better
bridges into large companies, but the
inroads he has made so far are paying off. Plus, he says Charlotte’s helpful
pro-business culture, airport access and
talent pool remind him that the grass
isn’t always greener on the West Coast.
“The need for our product is everywhere — from Kansas to Malaysia,” he
says. “And I think there’s a certain charm
to being from Charlotte that has its own
advantages.”
SPECIAL REPORT
STATE OF TECHNOLOGY
Tech’s impressive role in N.C.
DATA SERVICES
PEAK 10 TAKING A NARROWER
FOCUS ON CUSTOMERS
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THE NUMBERS
NORTH CAROLINA’S TECHNOLOGY
INDUSTRY BY SUBCATEGORIES
The N.C. Technology Association’s annual report provides
analysis of various subcategories of tech employment in
the state, as shown below. Its findings include projected
growth in tech employment of almost 25% in the next
decade. For the U.S., the projected gain is less than 20%.
Among the subsectors, energy-technology jobs have
the highest average salary at $129,982, well above the
state average of all tech workers at almost $105,000. The
average wage for all N.C. workers is $54,000.
ALL CATEGORIES
Employment,
2013
High-tech
services
High-tech
manufacturing
% change,
2008-2013
12.5%
156,113
-4.1%
64,585
Total tech
sector
220,698
7.1%
TECHNOLOGY SUBCATEGORIES
Energy
technology
Environmental
technology
Life sciences
Information
technology
0.5%
11,962
10%
20,601
4.1%
71,805
116,329
9.2%
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83%
“The definition of tech jobs used by the BLS is way
out of date,” he says. “The business side of technology
is the most important factor driving economic growth,
especially in the Charlotte region. That’s the real story.”
A decade ago, “people in technology were all geeks
working in the back room eating cold pizza while writing code,” Deng adds. “Technology isn’t just geeks any
more, and it has moved from the back room to the front
office. It has gone from being a vertical industry to a
horizontal one. Data — information — has become as
important as the technology.”
For example, Deng says, it’s not unusual for large
corporations to spend more on the technology used
in their marketing departments than their IT departments. Banks spend a lot of resources adapting to and
introducing technology-based services. Other technology-intensive industries, such as health care and retail,
are expanding because of new applications and tools.
Areas including marketing, e-commerce and customer service — in all kinds of companies — need technology talent.
At the same time, the number of companies directly involved in technology continues to grow. The report
found there are about 16,000 technology enterprises in
North Carolina. Their rate of creation ranks among the
top 15 states and is trending upward.
Deng says the College of Computing and Informatics
produces about 500 graduates annually, and “that’s not
even close to meeting student demand.”
The report finds the number of science and engineering degrees awarded in the North Carolina lags
other states.
Other weaknesses in the state’s IT environment
include comparably less research and development
activity, and a level of venture-capital funding that
trails similar states.
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On new investments for growth:
We’re investing more than we ever have in new
facilities. They’re all Tier 3, which means the level
of redundancy is higher. Our new facility in Atlanta
opened last year. Our new facility in Tampa opens
in a few months. We’re adding a facility in Raleigh.
And we’re beginning construction on a building in
Nashville. So there’s a lot of capital being put into
infrastructure. Generally, we’re opening two or three
facilities every year.
The employment numbers in the first annual State of
Technology Industry Report from the N.C. Technology Association in late January were impressive. But
depending on the definition of a tech job, the industry’s impact can be even more impressive.
In 2013, the tech industry employed more than
220,000 North Carolinians, or 5.6% of the work force,
and the sector accounted for almost 10% of the wages in the state. The 7.1% growth rate for the past five
years gives North Carolina the sixth-largest increase in
the nation. The NCTA report predicts an acceleration in
growth in the next five years — a 14.2% increase. Overall, the tech sector enjoys $83 billion in annual sales,
or 16% of the state’s total.
Among the biggest surprises in the 40-page report,
says NCTA CEO Brooks Raiford, is that North Carolina
leads all states in the percentage of women in the tech
work force at 36.5%. The national average is 31.9%. Raiford also is heartened by the state’s top ranking for state
funding for public research universities per full-time
student or equivalent. At
$24,402, the state averR ON THE JOB
age is almost double the
national figure.
TECH EMPLOYMENT
The report will be
IN NORTH CAROLINA shared with local and
Technology sector
state economic-developcontribution to North
ment organizations and
Carolina’s economy, 2013
elected officials to tout the
industry’s size and contribution to North Carolina’s
economic vitality. NCTA
created a website, www.
ncstir.com, to highlight
the findings.
“My hat’s off to NCTA
for getting started on this
kind of thing,” says former
NCTA board member Olin
Broadway of Charlotte, a
veteran of the industry.
Direct impact
220,698 jobs
“We need to understand
the industry and its professions a lot better.”
Indirect and induced
To do that, the report
impact
examined
what makes
461,259 jobs
someone a tech worker. For example, should a
marketing exec working
Remaining economy
at a tech firm be consid3,293,102 jobs
ered a tech worker? How
does one classify all the IT professionals working at
banks, retail operations and other large corporations?
“There is no standard way across the country on how
the tech sector and tech jobs are defined,” Raiford says.
By counting employees in the 65 standard occupational classification codes used by the U.S. Bureau of
Labor statistics, the report’s authors attempted to create a census of all technology professionals in the state.
The most common are business operations specialist
and software developer. Using a broader classification,
the number of tech professionals in North Carolina rose
15% to 254,000.
Nevertheless, Yi Deng, dean of the College of Computing and Informatics at UNC Charlotte and an NCTA
board member, says the expanded figure underestimates the number of tech-related and tech-driven jobs
in the state.
n
On the ideal Peak 10 customer:
We continue to focus on our sweet spot, which is
customers who want co-location and cloud services
that are high-touch. Our customers need some sort
of support beyond space, power and cooling. The
other thing we’re seeing is a lot more interest in
private cloud that’s dedicated to a single customer
and not shared. That’s great for us. We can build a
data center within a data center.
Our customer has systems and processes that
need some support, assistance and forecasting.
They don’t have a full IT staff to do that. They want
intelligent people to support them. This year we
are spending a significant amount in training our
technical staff. That makes sure we’re meeting the
needs of customers and retaining our best people.
We’ve realized there are customers in the past
that we spent a lot on, and they didn’t bring the
same return as others. We need to be more a
rifle than a shotgun as we go forward. There are
customers that have a lot of applications that we
can provide resources for. They are important to us
because they grow and they stay. The customers
that only care about price don’t grow. It doesn’t
mean we don’t want them as a customer. It just
means we can’t afford to provide as much attention
as to the customer that’s growing.
ica
On what Peak 10 is doing differently now:
We’ve begun focusing more on customer
loyalty. Before, we didn’t always have the time
to hold hands with customers. It happens. Now
we’ve created a customer-success unit that uses
predictive-analysis tools to determine if a customer
is at risk of leaving. We look at when they’re up for
renewal, what issues we had to resolve, if there
were any billing problems. We create a list of 100
customers every month that we need to pay more
attention to. That has reduced customer loss.
At the same time, we’ve begun looking at larger
deals. We’re looking at more co-location deals than
we did in the past. We’re looking at every market
and data center and asking what inventory do we
have. Then we try to match that to the customer
need. We want to maximize the utilization of all our
facilities.
R BY
us
David Jones is trading in his
shotgun for a rifle.
The founder and chief executive
of Peak 10 Inc. is leading a
makeover of the Charlotte-based
data-center and cloud-services
firm. The intent is to make Peak
10 a sophisticated leader for a specific customer
segment instead of shooting for a broader group.
Peak 10, owned by private-equity group GI Partners,
wants to specialize in providing high-tech and hightouch managed services, co-location data centers
and other cloud expertise for growing companies.
To that end, Jones has sharpened Peak 10’s aim
in customer acquisition and retention, he’s investing
in more specialized training for employees and he’s
hoping to move strategically into new markets while
investing millions in existing facilities. The company
is launching a new billing system, refreshing its
branding and eyeing new markets out West. The
company has more than 300 employees in 10
markets, and manages more than 2,400 customer
relationships and two dozen data centers.
Jones, the dean of Charlotte’s technology
entrepreneurs, recently spoke about the latest
developments at Peak 10. Edited excerpts follow:
BY BEA QUIRK
23
FEBRUARY 20, 2015 Compiled by Amy Shapiro
704-973-1150, @CBJbookoflists
[email protected]
LARGEST AREA TELECOMMUNICATIONS COMPANIES
RANKED BY NUMBER OF LOCAL EMPLOYEES
No. of
local
employees
No. of
companywide
employees
Top local executive
Year
founded
locally
300 S. Brevard St.
Charlotte, NC 28202
866-620-6000
3,2901
243,000
Venessa Harrison
1884
7910 Crescent Executive Dr.
Charlotte, NC 28217
704-378-2500
3,140
51,600
Mike Smith
1978
6801 Morrison Blvd.
Charlotte, NC 28211
800-843-9214
1,300
13,434
Todd Klas, [email protected]
1984
P.O. Box 470 CRS
Rock Hill, SC 29730
803-326-6046
952
1,118
Bryant Barnes; Barry Duncan,
[email protected]
1894
6000 Fairview Rd., #1400
Charlotte, NC 28210
704-557-9600
800
NA
NA
1986
1000 Progress Pl.
Concord, NC 28025
704-260-3000
440
1,300
Gregory Provenzano; David Stevanovski
1999
11006 Rushmore Dr., #200
Charlotte, NC 28277
877-253-8353
94
13,000
Michael Brady, [email protected]; Ken
Chinchar
1998
3330 Oak Lake Blvd.
Charlotte, NC 28208
704-357-7900
75
75
Rhonda Craycraft, [email protected]
1982
51
58
Wes Clark; John Garrett
2000
50
3,100
Paul Sunu
1991
70
Scott Stull
2006
50
Robert Stirton, [email protected]; Brian Clontz,
[email protected]; Scott Clontz,
[email protected]
1984
Todd Rankin, [email protected]; Douglas Rink,
[email protected]
1948
Business name/prior rank
Website
AT&T Inc.
1
Address
Phone
1
att.com
2
Time Warner Cable Inc.
3
Windstream Communications
2
timewarnercable.com
windstream.com
3
CNP Technologies LLC
10
FairPoint Communications Inc.3
10
XZact Technologies Inc.
12
TelWare Corp.
13
Fortran Corp.
14
ComDesign Infrastructure Solutions
Inc. *
15
GTI Communications
16
Converge Communication
Technologies 17
17
Loop Communications4
18
ASIC
18
Spirit Communications
20
SafeCall Inc.
21
DTEL Telecommunications Inc.
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comdesigninc.com
17
convergect.com
loopcommunications.com
20
16
asicllc.com
spiritcom.com
safecall.com
15
19
dteltel.com
20
Jo
14
gticomm.com
521 E. Morehead St.
Charlotte, NC 28202
704-344-8150
9800-I Southern Pine Blvd.
Charlotte, NC 28273
704-527-1515
*
11
telware.com
fortrancorp.com
8
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ine
806 Tyvola Rd., #102
Charlotte, NC 28217
704-927-6600
10
fairpoint.com
xtcorp.com
B
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cnp.net
50
1824 Industrial Center Cir.
Charlotte, NC 28213
704-598-4700
45
725 11th Ave. Blvd. SE
Hickory, NC 28602
800-735-8600
35
160-C Cupped Oak Ln.
Matthews, NC 28104
704-628-6940
30
150
2323 Executive St.
Charlotte, NC 28208
704-395-0045
16
16
8208 Village Harbor Dr.
Cornelius, NC 28031
704-335-1102
11
11
Brandon Lowery, [email protected]
3440 Toringdon Way , #205
Charlotte, NC 28277
704-754-5000
10
10
Brian Tolleson, [email protected];
James McKinney,
[email protected]
2009
640-B Matthews-Mint Hill Rd.
Matthews, NC 28105
704-815-7000
9
9
David Townsend, [email protected]
2007
8720 Red Oak Blvd., #227
Charlotte, NC 28217
704-206-1300
9
215
Robert Keane; Grey Humphrey; Greg Guerra
2002
920 Blairhill Rd., #B103
Charlotte, NC 28217
704-527-5100
8
8
Richard Hill, [email protected]
1993
320 E. 3rd Ave.
Gastonia, NC 28054
704-867-4507
6
NA
Charlie Peninger, [email protected]
1984
35
Joe Billingsley, [email protected]
Mark Grabants, [email protected]
1984
1988
2007
LOOK
10 YEARS AGO
The No. 1 company on The
List was BellSouth. The
company had about 2,800
Charlotte-area employees.
BellSouth merged with AT&T
in 2006.
The No. 2 company on
The List 10 years ago was
Alltel Corp. The company
employed about 1,400
workers in the area. Alltel
was acquired by AT&T in
2013.
ABOUT THE LIST
Information was
compiled from survey
questionnaires from
company representatives.
Area employees refers to
the following counties:
Anson, Cabarrus, Catawba,
Cleveland, Gaston, Iredell,
Lancaster (S.C.), Lincoln,
Mecklenburg, Rowan, Stanly,
Union and York (S.C.). In
case of ties, companies
are listed alphabetically.
Last year’s numbers were
used for Windstream
Commjnications and ACN
Inc. The companies did not
respond to the survey.
NEED A COPY
OF THE LIST?
Information for obtaining
reprints, web permissions
and commemorative
plaques, call 800-9272363. More information
can be found online at
by clicking the “Store” tab
near the top of the site.
WANT TO BE
ON THE LIST?
If you wish to be surveyed
when The List is next
updated, or if you wish to
be considered for other
Lists, email your contact
information to Amy Shapiro
at [email protected].
se
9
atcombts.com
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ATCOM Business Technology
Solutions 13
12
m
8
level3.com
om
Level (3) Communications Inc.2
6
rc
7
acninc.com
fo
ACN Inc.
5
ot
6
sprint.com
-N
Sprint
4
ls
5
comporium.com
na
Comporium Inc.
ur
4
R CLOSER
1 Last year's figure. The company employs 6,700 in North Carolina and could not provide an updated local employment figure.
2 Level (3) Communications Inc. acquired tw telecom, No. 9 on last year's list, in October.
3 FairPoint Communications Inc. does not provide any Carolinas-based services.
4 Formerly Autus Technology
NOMINATION DEADLINE APRIL 19
Bizjournals.com/charlotte/nomination/68121
POWERED BY
OF THE YEAR CHARLOTTE
AWARDS BUSINESS
JOURNAL
The CBJ’s 2015 CIO of the Year Awards is the premier technology executive recognition
program for the greater Charlotte region. We are looking for IT executives and
emerging leaders who have shown excellence in leading information technology.
SAVE
THE DATE
AUGUST 19
“Helping others
is the key to a Need for speed prompts
meaningful and AT&T to boost offerings
well-lived life.
Q&
INTERNET SERVICE
BY LAURA WILLIAMS-TRACY
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Tell me about U-verse with GigaPower.
We’re now providing residential and
small businesses in parts of North Carolina with speeds of 1 gigabit per second
with U-verse with GigaPower service.
With 1 gigabit you can download 25 songs
in one second. It’s already available in
Raleigh, Cary, Chapel Hill, Carrboro and
Winston-Salem, and it’s coming soon to
Charlotte, Durham and Greensboro.
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Legal Advice to Help
Minimize Taxes & Protect Assets
na
ur
Jo
Photo courtesy of Wake Forest University
Does Google’s
announcement pressure you to deliver
GigaPower faster?
Actually we have not felt pressure
because competition is going to drive
innovation and provide greater benefit
to our consumers. We’ve been providing
communications services in North Carolina for more than 100 years. This is our
home. We know how to do this and do it
right. We welcome the competition.
-N
Culp Elliott & Carpenter
helped make my
charitable giving goals
a reality when I donated
Park Road Shopping
Center to Wake Forest,
Queens and Wingate
universities. The firm
planned—and later
successfully defended—
complex charitable
transactions that
other professionals
said couldn’t be done.
It was an $82 million
win for education.”
– Porter Byrum
Google Fiber’s recent
announcement of its
plan to bring high-speed
Internet service to Charlotte generated a lot of
excitement. But AT&T
announced plans last year to expand its
U-verse with AT&T GigaPower network to
the Queen City to considerably less fanfare. Its fiber-optic network also offers
rapid Internet service, and it already
operates in major
markets in the state.
AT&T North Carolina President Venessa
Harrison spoke with
the Charlotte Business Journal about
the company’s plans
Venessa
in the state.
Harrison
se
What are the plans for Charlotte?
Plans are underway to build out in
Charlotte, but official launch dates have
not been given. We have network technicians currently working on the plan. GigaPower services require running fiber optic
all the way to the home. In some instances we will upgrade the existing network
to provide faster speeds, and in other cases we will be deploying new infrastructure to do this. I can tell you that it is a
game-changing service. We launched
Dec. 8 in Raleigh, and where we have
already launched GigaPower the demand
has exceeded our expectations.
What does it cost?
In Raleigh it’s $120 per month for 1
gbps Internet speed.
Will GigaPower be available statewide?
Our focus has always been about
expanding to rural areas because we
believe everyone needs access to the Internet. AT&T has committed to that upon
approval by the Federal Communications
Commission of its proposed acquisition
of DirecTV. The merger combines complementary strengths from both companies to allow customers more choices in
how they connect.
How is AT&T reacting to the rapid
changes in North Carolina?
Consumer behavior has always driven the change in the market. Today consumers want to be able to connect where
they live, work or play. We believe no other company is in the position as AT&T to
satisfy this demand.
How much has that market changed
during your two years as president?
There is always going be change in this
industry. We’ve seen continued demand
from customers to stay connected, and
we’ve made it a priority to keep up with
that demand. It’s not easy. From 2011 to
2013, we’ve made a $1.6 billion investment in our wireless and wireline network in North Carolina.
Est. 1982
facebook.com/charlottebizjournal
4401 Barclay Downs Drive
Charlotte, NC 28209
704-335-6682
[email protected]
www.ceclaw.com
Find out more about events, stories and awards
by becoming a fan of the Charlotte Business Journal
on Facebook.
25
FEBRUARY 20, 2015 Compiled by Amy Shapiro
704-973-1150, @CBJbookoflists
[email protected]
LARGEST N.C. METRO AREA LAW FIRMS
RANKED BY NUMBER OF ATTORNEYS IN N.C.
No. of
attorneys in
N.C.
No. of offices
in N.C.
301 S. College St., #3500
Charlotte, NC 28202
704-331-4900
319
5
G. Michael Barnhill; M. Christopher Bolen; Johnny Loper;
Randy Hanson; William Whitehurst; Keith Vaughan
100 N. Tryon St., #4700
Charlotte, NC 28202
704-331-1000
254
2
Ernest Reigel, [email protected]; Arlene Hanks,
[email protected]
201 N. Tryon St., #3000
Charlotte, NC 28202
704-343-2000
225
3
Scott Vaughn, [email protected]; Mark Anderson,
[email protected]; Dickson McLean,
[email protected]
401 S. Tryon St., #3000
Charlotte, NC 28202
704-372-9000
146
2
Thomas Griffin; Kevin Chignell
150 Fayetteville St.
Raleigh, NC 27601
919-821-1220
128
1
Carl Patterson Jr.
101 N. Tryon St., #1900
Charlotte, NC 28246
704-377-2536
123
2
Robert Griffin, [email protected]
101 S. Tryon St., #4000
Charlotte, NC 28280
704-444-1000
119
2
John Baron, [email protected]; Matt McGuire,
[email protected]
214 N. Tryon St., 47th Fl.
Charlotte, NC 28202
704-331-7400
us
116
3
Sean Jones; A. Lee Hogewood III; Mary Beth Johnston
Charlotte, NC 28202
704-342-5250
109
4
Thomas "Del" Eatman Jr., [email protected];
Thomas Ogburn, [email protected]; Joseph "Bo"
Dempster Jr., [email protected]
3
Rob Marcus, [email protected]; Julianna Earp,
[email protected]; Bob Wilson; David Martin,
[email protected]
3
Lois Colbert; Gary Joyner; Steve Berlin
3
Erica Lewis, [email protected]; Tom Buckley; Mel
Garofalo, [email protected]
Business name/prior rank
Website
Address
Phone
4
Parker Poe Adams & Bernstein LLP
5
Smith Anderson Blount Dorsett Mitchell
& Jernigan LLP 7
6
Robinson Bradshaw & Hinson PA
7
Alston & Bird LLP
8
K&L Gates LLP
9
Poyner Spruill LLP
10
Smith Moore Leatherwood LLP
11
Kilpatrick Townsend Stockton LLP
12
Hedrick Gardner Kincheloe & Garofalo
LLP 14
13
Brooks Pierce McLendon Humphrey &
Leonard LLP 13
14
Ward and Smith PA
3
mcguirewoods.com
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parkerpoe.com
4
8
5
10
9
kilpatricktownsend.com
12
brookspierce.com
wardandsmith.com
15
Wyrick Robbins Yates & Ponton LLP
17
Nexsen Pruet PLLC
wyrick.com
nexsenpruet.com
16
17
Nelson Mullins Riley & Scarborough LLP
18
nelsonmullins.com
19
McAngus Goudelock & Courie PLLC
20
Williams Mullen
21
Johnston Allison & Hord PA
22
The Van Winkle Law Firm
22
Young Moore and Henderson PA
24
Horack Talley Pharr & Lowndes PA
24
Ogletree Deakins Nash Smoak & Stewart
PC 25
mgclaw.com
williamsmullen.com
*
jahlaw.com
vwlawfirm.com
youngmoorelaw.com
horacktalley.com
ogletreedeakins.com
19
20
23
22
*
P.O. Box 26000
Greensboro, NC 27420
336-373-8850
90
5430 Wade Park Blvd., #400
Raleigh, NC 27607
919-277-9100
88
5
2907 Providence Rd., #200
Charlotte, NC 28211
704-332-8300
86
3
4101 Lake Boone Tr., #300
Raleigh, NC 27607
919-781-4000
77
1
227 W. Trade St., #1550
Charlotte, NC 28202
704-339-0304
67
3
Sean Phelan; Joe Kahn; Scott Jackson
100 N. Tryon St., 42nd Fl.
Charlotte, NC 28202
704-417-3000
62
3
Tracy Tomlin, [email protected]; Noah
Huffstetler, [email protected] ; Denise
Gunter, [email protected]
Charlotte, NC 28210
704-643-6303
54
4
Jay Courie
301 Fayetteville St., #1700
Raleigh, NC 27601
919-981-4000
49
3
David Paulson Jr.
1065 E. Morehead St.
Charlotte, NC 28204
704-332-1181
45
1
Darrell Shealy, [email protected]
2201 South Blvd., #220
Charlotte, NC 28203
704-372-5095
42
3
Philip Smith
3101 Glenwood Ave., #200
Raleigh, NC 27612
919-782-6860
42
1
R. Michael Strickland
Charlotte, NC 28202
704-377-2500
41
1
Clayton “Smithy” Curry Jr., [email protected]
Charlotte, NC 28244
704-342-2588
41
2
Bernard Tisdale; Robert Sar
2
Mark Prak; Edward Winslow III
Charles Ellis; Kenneth Wooten
Samuel "Lee" Poole Jr., [email protected]; John Martin; Dan
Hartzog
James Yates Jr.
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18
11
91
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cshlaw.com
Charlotte, NC 28210
704-366-1101
m
Cranfill Sumner & Hartzog LLP
94
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15
214 N. Tryon St., #2500
Charlotte, NC 28202
704-338-5000
106
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hedrickgardner.com
101 N. Tryon St., #1300
Charlotte, NC 28246
704-384-2600
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smithmoorelaw.com
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poynerspruill.com
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klgates.com
6
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alston.com
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rbh.com
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smithlaw.com
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McGuireWoods LLP
2
fo
3
mvalaw.com
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Moore & Van Allen PLLC
1
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2
wcsr.com
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Womble Carlyle Sandridge & Rice LLP
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1
Managing partner(s) in N.C. offices
R CLOSER
LOOK
Looking for additional
listings of the firms’
specialities and
clients?
www.bizjournals.com/
charlotte/topic/lists
Just missed The List
Cadwalader
Wickersham & Taft
39
Bell Davis & Pitt
38
Winston & Strawn
37
ABOUT THE LIST
This list is a compilation
of lists prepared for the
Charlotte Business Journal,
the Triad Business Journal
and the Triangle Business
Journal. Information was
compiled from survey
questionnaires, telephone
interviews with firm
representatives and the
firms’ websites. Metro areas
include Charlotte, the Triad
(Greensboro, Winston-Salem
and High Point) and the
Triangle (Raleigh, Durham
and Chapel Hill). In case
of ties, firms are listed
alphabetically.
NEED A COPY
OF THE LIST?
Information for obtaining
reprints, web permissions
and commemorative
plaques, call 800-9272363. More information
can be found online at
by clicking the “Store” tab
near the top of the site.
WANT TO BE
ON THE LIST?
If you wish to be surveyed
when The List is next
updated, or if you wish to
be considered for other
Lists, email your contact
information to Amy Shapiro
at [email protected].
NEWSMAKER
A new beginning for Marcus Smith
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have conversations about the business and
ideas and things we’re working on. But it’s
certainly not him stepping down or retiring.
I love working with my dad. He’s a great
leader and a great innovator and, more
than anything, I think this is just his way of
saying that he trusts me and that he’s proud
of me and we’re doing the right thing.
On the Speedway Motorsports tracks:
We’re doing a lot of projects at every
speedway. We stay busy with all sorts of
events in addition to our key NASCAR
weekends. We’ve got drag-racing events,
concerts and car shows and a lot of other
special events. We are focused on making
upgrades where they make sense.
After we unveiled the biggest TV in the
world in Charlotte, we unveiled the new
biggest TV in the world in Texas. We’re
getting ready in Bristol next year to host the
biggest (college) football game in the world
when we have Virginia Tech and Tennessee.
In Vegas, we host the Electric Daisy Carnival,
and it’s the biggest music festival in the
country with about 350,000 people in a
weekend.
On reducing capacity at speedways:
I think it’s important to kind of look at
sports and entertainment in context, not just
NASCAR. We’re actually the last mover in
this reduction of seats. If you look at every
football stadium, every basketball arena
that’s been built or rebuilt over the last 15,
20 years, (they’ve) had fewer seats. Baseball
stadiums, as well. (Among other examples,
the NBA arena in Charlotte opened in 2005
with 5,000 fewer seats than the previous
one. The Atlanta Braves are reducing
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On removing seats at Charlotte and how
the track will change:
When fans get here in May (for the
NASCAR races), or even actually the April
auto fairs, they’ll see a clear area over in
Turn 2. And then by the NASCAR all-star
race weekend and the Coke 600 (in May),
it’ll be a pretty clean area — we may have
things ready for some trackside camping
over there by that point.
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On why the change came this month:
You know, it was probably less formal
than maybe it would be if it was a big
organization like a bank or a Fortune 500
company. We had conversations — we always
Speedway Motorsports went public in
1995. The company owns eight speedways
spanning California to New Hampshire.
Those tracks host races, auto fairs,
concerts and other events, anchored by
NASCAR’s top-level Sprint Cup Series.
Thirteen of the Sprint Cup races are at
Speedway Motorsports-owned tracks.
The only larger NASCAR race promoter
is International Speedway Corp., which is
controlled by the France family.
na
On his career:
In the context of a family business, it’s
different. I didn’t know that I wanted to
do this when I was a kid. But, eventually,
I realized that this is what I wanted to do.
That was 20-some years ago. But I did a
lot of things when I was working in the
summers as a student that were great things
to have on my résumé, so to speak, for the
job I’m in now. To be able to have been out
there cleaning up trash or painting walls,
selling souvenirs and selling tickets, it’s all
part of what we do on an everyday basis.
So I guess I’ve been preparing for the job
a long time. Part of the time I knew it, and
most of the time I didn’t know it.
capacity in their new stadium opening in
2017.)
Fans have told us loud and clear that
they want some different experiences at the
track. Somebody that came to the races 20
years ago as a teenager or a 20-something,
they’re coming today as an adult with a lot
more money in their pocket, and they want
to have a nicer experience.
LOOK
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Q
FILE
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A new NASCAR season
begins this weekend with
the running of the Daytona
500. Already, qualifying
and preliminary races at
the Florida speedway have
signaled the start of another 10-month grind
for the drivers, teams and the motorsports
companies that call the Charlotte region
home.
At Charlotte Motor Speedway, the flagship
track of Speedway Motorsports Inc., the new
season also has brought a major shift in the
executive suite. Bruton Smith, the 87-yearold founder of the track and its publicly
held parent company, this month gave up
his CEO title to become executive chairman.
The new CEO: Marcus Smith, 41, Bruton’s
son.
On the cusp of the new season, Marcus
Smith spoke to me about his new job, the
state of the sport and other topics.
&
ine
us
Marcus Smith has been
promoted to CEO of
Speedway Motorsports
On the health of NASCAR:
We’ve got a fantastic outlook for this
season. Lots of new sponsors coming in,
lots of good things related to drivers and the
teams, just a lot of positive buzz. That says
a lot about the sport. You add in the huge
addition of NBC and Comcast as our new
broadcast partner for the second half of
the season and Fox has doubled down with
their extension. It really makes for a good
story and a great outlook.
— Interview by Erik Spanberg
Q
Read the full interview
charlottebusinessjournal.com
27
FEBRUARY 20, 2015 NOMINATION DEADLINE MARCH 20
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To nominate, go to Bizjournals.com/charlotte/nomination/72881
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If so, submit a nomination for
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Energy Leadership Awards
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program honoring individuals who
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have played a key role in making
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the Carolinas a regional and global
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player in the energy industry.
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SAVE THE DATE
THURSDAY, MAY 21
the Charlotte Business Journal’s
fo
Do you know
someone who
is a mover and
a shaker in the
energy industry?
ENERGY INC.
SUMMIT
AND
LEADERSHIP AWARDS
CHARLOTTE BUSINESS JOURNAL
For sponsorship information, contact Jason Christie at [email protected] or 704-973-1125.
CBJ SEEN
SEND US PHOTOS: Email photos and captions to [email protected]
1
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Winter arrives
across the region
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This week’s bitter cold and icy
road conditions brought much
of Charlotte to a halt. 1. At noon
on Tuesday, the approaches
to uptown — such as Fifth and
Hawthorne — were still a bit
treacherous 2. City sanitation
workers, whose regular routes
were cancelled, were deployed
to clear sidewalks uptown 3.
Mardi Gras decorations from last
weekend waved in the breeze
over the EpiCentre
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Celebrating the
region’s top
manufacturers
The Charlotte Business Journal’s
third annual Advanced
Manufacturing Awards event
will be held on Wednesday at the
Embassy Suites Concord.
The awards recognize innovation
in manufacturing in the
Charlotte region. Shown here are
winners at last year’s event:
Lori Bechtler, manufacturing
manager and Mark Bohlinger,
plant technical director at Bosch
Rexroth.
29
FEBRUARY 20, 2015 ARE YOU ONE OF CHARLOTTE’S
HEALTHIEST EMPLOYERS?
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Does your company have a wellness program that
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deserves to be recognized? The Charlotte Business
ls
Journal is searching for companies with the most
innovative strategies for keeping their workforce
-N
OF GREATER CHARLOTTE
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healthy. It’s time to show off your company’s
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healthy initiatives and see how they measure up
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across our region.
NOMINATION DEADLINE MARCH 4
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Nominate at CharlotteBusinessJournal.com/nomination/72601
EVENT PARTNER
SUPPORTING SPONSOR
ASSOCIATE SPONSOR
SAVE THE DATE
MAY 1
For more information about the event,
go to CharlotteBusinessJournal.com/event/110431
For sponsorship information, contact Jason Christie at [email protected] or 704-973-1125.
PEOPLE ON THE MOVE
R TECHNOLOGY
Ed Dunham
Marc Tritschler
Advanced Solutions Inc. has hired
Dunham and Tritschler as business
development managers.
R MANUFACTURING
R BANKING
Jay Radford
John Faulkner
Radford has joined
Classic as a project
manager/business
analyst.
Max Daetwyler Corp. has promoted
Faulkner to sales manager - cleaning
technologies and Tiikkala to sales engineer
- cleaning technologies/DISTI cleaning
technologies.
& FINANCIAL SERVICES
Stacy Kimrey
Shawn Tiikkala
Shelley Hunsucker
Rhonda Sharpe
American Security Mortgage Corp. has hired Kimrey, Hunsucker
and Sharpe as loan officers.
er
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R RETAIL
& RESTAURANTS
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Kevin Stimson
Laryssa Grant
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Rack Room Shoes/Off Broadway Shoe
Warehouse has promoted Stimson to
director of store operations and training
and Grant to associate buyer.
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& MARKETING
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Tyler LaCross
Felicity Green
Classic has
promoted LaCross
to graphic designer.
Green has joined
Eric Mower +
Associates as
media supervisor.
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R HOW
TO SUBMIT
Submit your People on the Move online at
CharlotteBusinessJournal.com/people
We welcome information about any
Charlotte-area-based businessperson
who has been promoted, joined a new
company or received an award. Include
name, title, company, location and
a photo of the person, along with a
company contact name, email address
and phone number in case additional
information is needed. The submissions
are automatically compiled and posted
online and, depending on space, on
these print pages.
You must submit a photo to be considered
for print publication. The photos must be
high-resolution, color JPEGs that are, at
minimum, 200 dpi in size.
31
FEBRUARY 20, 2015 er
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NEW YEAR,
NEW BOOK.
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Find your Book of Lists at www.bookoflists.com
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Available in 55 markets
b
b
Create your own book with MyBOL
Get the complete data download
b
For more information
about the new Book of Lists call 1-800-486-3289
B OOK
OF LISTS
December 26,
2014 • Volume
29 • Number
40
• $49
Sponsored by:
Chapter Sponsor:
LEADS
Information to build your business
RR Building
permits
R ABOUT
READER’S GUIDE
The Business Leads is a collection of
information gathered from Charlotte-area
courthouses, government offices and
informational websites. We gather these
public records so you can build your
business.
No matter what business you are in, you
can gain a competitive edge by reading the
Business Leads. Find new and expanding
businesses and new customers. Find out
the area’s commercial and residential
hot spots. Find clues about the financial
condition of your vendors, customers or
competitors.
Listings for each category may vary
from week to week because of information
availability and space constraints. (Note:
*Indicates listings are not available for this
week.)
The following information
is provided by Construction
Insite. For further
information call 704
553 8828. www.
constructioninsite.com
101 west worthington
suite 240
charlotte, nc 28203
704.333.3360
dasarchitecture.com
COMMERCIAL
Cabarrus County
Clancy & Theys
Construction, commercial
building at 465 Charles
Babbage Lane, NCRC Data
Center, $5,455,000, 50,000
square feet.
er
Am
MasTec Network Solutions
LLC, commercial alteration at
11202 Harris Road, Coach’s
Dream LLC, $125,000.
Mecklenburg County
ica
Anthony & Sylvan
Pools Corp., commercial
construction at 228 Pat
Stough Lane, Cabin Creek
(inground pool), $58,700.
n
Barringer Construction
Co., commercial addition/
alteration at 5275 Parkway
Plaza Blvd., LPL Financial Charlotte 4, $450,200.
CM Kitchens Construction
Co., commercial alteration
at 3515 Latrobe Drive, DSI
Renal Inc., $450,000.
Charles Woods Builder,
commercial addition/
alteration at 1700 Matthews
Township Parkway, Matthews
David C. McConnell,
commercial alteration at
4819 Shopton Road Unit
A, Papa John’s Delivery,
$136,065.
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Centimark Corp.,
Oncology Center, $209,000.
Jo
Manufacturing
alteration at 701 Carrier
Drive, Boston Gear,
$649,056.
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Black Diamond Group LLC,
8641 South Blvd. Unit 110,
$155,000, 1,080 square feet.
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David E. Phillips Jr.,
commercial construction at
2405 Sam Wilson Road Unit
B, CTDI (storage racking
expansion), $50,000.
-N
ot
Deo LLC, commercial
construction at 17915
Nodghia Circle, River
Run (inground pool/spa),
$56,000.
fo
Charlotte
BusinessWoman
of the Year
Register today! www.queens.edu/bwoy
Kirkland Inc., commercial
alteration at 1200 W. W .T.
Harris Blvd., Epri Data Center,
$1,267,750.
Marolf Construction
Inc., commercial addition/
alteration at 7735 N.
Tryon St., Wal-Mart #2134
Charlotte NC, $405,000.
Metrolina Builders Inc.,
4905 Ashley Park Lane Unit
B, Cork Buzz Charlotte Ashley
Park, $700,000.
Moss Construction Co. LLC,
5015 W. W.T. Harris Blvd. Unit
D, Compumedics, $77,500,
1,800 square feet.
Packard Atlantic Inc.,
10150 Mallard Creek Road
Unit 305, South Florida
Residential Holdings,
$100,000.
Gunther General
Contracting Service,
5422 New Fashion Way
Unit 720, Levi’s Charlotte
Premium Outlets, $71,200.
Harker Doerre LLC,
14135 Ballantyne Corporate
Place Unit 275, CNSA
Ballantyne (physical therapy),
$182,815.
Paladin Construction
LLC, commercial alteration
at 11025 Carolina Place
Parkway Unit B-13, Forever
21 Carolina Place Mall,
$690,058.
Randolph & Son Builders
Inc., commercial building
at 2550 West Blvd., CMPD Westover Main, $5,335,000,
16,239 square feet.
se
The 2014
at 225 S. Poplar St., The
Bearden, $2,402,519.
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Premier, Inc.
Foard Construction Co.
LLC, commercial addition/
alteration at 10535 Monroe
Road, Matthews Township
Collision (paint booth),
$80,000.
Randolph & Son Builders
Inc., commercial building
at 2550 West Blvd., CMPD Westover Storage, $165,000.
Heartland Contracting
LLC, commercial alteration
at 1525 W. W.T. Harris Blvd.
Unit 3-AC, Seattle’s Best,
$88,400.
Rodgers Builders Inc.,
1000 Blythe Blvd., CMC (main
elevator 4 modernization),
$232,200.
Herlocker Mechanical
Systems, commercial
addition/alteration at 5404
Central Ave., Planet Fitness
Charlotte II, $752,000.
Shelco LLC, commercial
alteration at 1211 E.
Morehead St., Demayo Law
Office, $120,000.
Hondros & Assoc.-SC,
commercial construction at
12210 Vance Davis Drive,
Piedmont Plastics (racking),
$75,000.
Intercon Building Co. LLC,
5518 David Cox Road Unit A,
Bridgestone, $364,800.
J&K Project Management
LLC, commercial alteration at
5410 New Fashion Way Unit
220, Vera Bradley, $166,150.
Jencon Builders, commercial
alteration at 5970 Fairview
Road Unit 412, Cotswold
Associates, $52,672.
John Moriarty & Assoc.,
commercial construction
Lennar Carolina Inc.,
townhome at 106 Clarendon
St. Suite E, $236,000.
Mecklenburg County
BNA Management NC
LLC, townhome at 10427
Bunclody Drive, Villages At
Back Creek, $146,919, 1,553
square feet.
BNA Management NC LLC,
townhomes at 10431/10435
Back Creek (each), $125,364,
1,319 square feet.
BNA Management NC
LLC, townhome at 10439
Back Creek, $161,245, 1,726
square feet.
Carocon Corp., multi-family
residence at 7506 Boylston
Drive, Brookline Apartments
(building 15), $1,334,401,
2,756 square feet.
(building 16), $1,334,401,
2,756 square feet.
(building 17), $1,334,401,
2,756 square feet.
Copper Builders Inc.,
townhome at 1410 S. Church
St., $270,078, 2,746 square
feet.
m
Susan DeVore
Presented to the
community by:
REAL ESTATE LISTINGS
Real Estate Transactions –
Commercial.............................. 35
Real Estate Transactions –
Residential................................ 36
Building Permits –
Commercial...............................32
Multifamily.................................32
Residential.................................32
om
Congratulations to
Executive Swimming Pools
Inc., commercial construction
at 5427 Carmel Park Drive,
(pool/deck), $80,865.
rc
Presented by Queens University of Charlotte
March 9, 2015
PROSPECTING ENTRIES
Business Licenses..................... 34
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ine
Batson-Cook Co.,
640 N. Church St., Skyhouse
Charlotte (mezzanine B),
$685,512, 4,615 square feet.
COURT LISTINGS
Federal Tax Liens...................... 35
Judgments Granted.................. 35
Lawsuits Filed........................... 35
Mechanic’s Liens....................... 35
State Tax Liens...........................37
us
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Barringer Construction
Co., commercial alteration
at 13420 Reese Blvd. W.,
Daetwyler Industries (office),
$386,000.
St. Suite D, $220,000.
THIS SECTION
Shiel Sexton Co. Inc.,
commercial alteration at 129
W. Trade St. Unit 800, Tower
Legal, $143,000.
Legal, $92,250.
Legal, $112,750.
Stocker Associates Inc.,
8210 University Executive
Park Drive Unit 160, State
Farm, $76,158.
Structure Services Inc.,
6101 Carnegie Blvd. Unit
360, Solamere, $81,300.
Sun Cap Construction LLC,
6101 Carnegie Blvd. Unit
180, Suncap, $170,000.
Todd M. Stiles, commercial
alteration at 6800 Phillips
Place Court Unit F, Orvis,
$249,400.
WC Construction LLC,
alteration at 3903 Craig Ave.,
(freezer), $634,105.
Wimco Corp., commercial
building at 21714 Catawba
Ave., Antiquity (shell building
A/retail), $974,500, 9,180
square feet.
building at 21726 Catawba
Ave., Antiquity (shell building
B), $621,000, 5,821 square
feet.
building at 19921 Zion Ave.,
Antiquity (shell building C/
retail), $527,400, 4,946
square feet.
Union County
Brelvi Construction Inc.,
commercial building at 105
Cupped Oak Drive, DB7 LLC
(office), $923,000, 30,000
square feet.
David Reed Construction
Services LLC, commercial
alteration at 120-B Unionville
Indian Trail Road, New
River Financial Inc. (office),
$209,000, 6,000 square feet.
David Reed Construction
Services LLC, commercial
alteration at 120-C Unionville
Indian Trail Road, New
River Financial Inc. (office),
$209,000, 6,000 square feet.
York County
Crescent Metal Structures
Inc., commercial addition/
alteration at 175 Bonum
Road, Unique Airmotive
Services, $171,000.
TFE General Contractor,
2160 Smith Ford Road, Mt.
Vernon United Methodist,
$62,000.
MULTIFAMILY
Iredell County
St. Suite A, $236,000.
St. Suite B, $220,000.
St. Suite C, $220,000.
Copper Builders
Inc., townhomes at
1412/1414/1416/1428 S.
Church St., (each), $209,380,
2,072 square feet.
Copper Builders Inc.,
townhomes at 1418/1426 S.
Church St., (each), $214,097,
2,111 square feet.
NVR Inc. (South), townhome
at 1834 Fleetwood Drive,
$170,854, 1,748 square feet.
Pulte Home Corp.,
townhomes at
2404/2412/2420 Royal
York Ave., Park South Station
(each), $143,569, 1,491
square feet.
Pulte Home Corp.,
townhome at 2408 Royal
York Ave., Park South Station,
$94,034, 1,564 square feet.
Pulte Home Corp.,
townhome at 2416 Royal
York Ave., Park South Station,
$150,269, 1,564 square feet.
RESIDENTIAL
Cabarrus County
Corbin Homes Of Cabarrus
County, single-family
residence at 8022 Dell Drive,
Fenton Dell, $200,000,
3,000 square feet.
Mattamy Carolina Building,
single-family residence
at 3346 Helmsley Court,
Castlebrooke Manor,
$109,000, 3,200 square feet.
NVR Homes Inc., singlefamily residence at 3110
Keady Mill Loop, Kellswater
Bridge, $120,000, 2,900
square feet.
Weekley Homes Inc., singlefamily residence at 4510
Sunprince Drive, Hawthorne,
$203,000, 3,000 square feet.
Iredell County
Alborn Drive, Curtis Pond Lot
264, $276,000.
Almora Loop, Curtis Pond Lot
63, $354,000.
Almora Loop, Curtis Pond Lot
290, $220,000.
The Ryland Group Inc.,
at 172 Alexandria Drive,
Foxfield Lot 136, $369,000.
33
FEBRUARY 20, 2015 LEADS
True Homes LLC, singlefamily residence at 160 Jobe
Drive, Hidden Lakes Lot 19,
$176,000.
Mecklenburg County
Andrew Roby Inc., singlefamily residence addition/
alteration at 2218 Richardson
Drive, (pool house),
$172,730.
AVH Carolinas LLC, singlefamily residence at 16726
Silversword Drive, Old Stone
Crossing At Caldwell Creek,
$208,862, 2,645 square feet.
Bungalow Designs Inc.,
at 3627 Oakwood Ave.,
$96,035, 1,777 square feet.
Classica Homes, singlefamily residence at 9210
Robbins Preserve Road,
$167,188, 2,695 square feet.
Dubose Custom Homes
LLC, single-family residence
at 686 Llewellyn Place,
$433,132, 6,069 square feet.
Ed Dgien, single-family
residence addition at 2200
Richardson Drive, (porch),
$62,900.
Fagan-Kennington Assoc.
Inc., single-family residence
at 2655 Walker Road,
$165,994, 2,553 square feet.
Gerrard Homes, singlefamily residence addition/
alteration at 676 Hempstead
Place, $558,235, 1,034
square feet.
Grainda Builders Inc.,
single-family residence at
19109 Peninsula Point Drive,
$568,706, 7,197 square feet.
HHC Construction LLC,
at 1501 Sterling Road,
$346,532, 5,061 square feet.
HHC Construction LLC,
addition at 620 Llewellyn
Place, (addition to second
floor), $180,000, 550 square
feet.
M/I Homes Of Charlotte
Citronelle Lane, Birkdale,
$127,000.
at 9111 Aubrac Lane, Lot
81 The Farms At Back Creek,
$102,080, 1,764 square feet.
Mitchell J. Gravelle, CFP®
NVR Inc. (East), singlefamily residence at 12905
Plumleaf Drive, Old Stone
Crossing At Caldwell Creek,
$189,012, 3,220 square feet.
Senior Vice President – Investments
Financial Advisor
NVR Inc. (North), singlefamily residence at 13406
Serenity St., $171,674,
2,897 square feet.
NVR Inc. (South), singlefamily residence at 5632
Selkirkshire Road, The
Village Of Selkirk Berewick,
$119,230, 2,112 square feet.
has joined our
Omnia Construction LLC,
Satilla Drive, (deck/patio),
$73,750.
Charlotte Office
at 9118 Aubrac Lane,
The Farms At Back Creek,
$115,228, 2,006 square feet.
PR Hughes LLC, singlefamily residence alteration
at 4710 Hardwick Road,
$258,000, 1,407 square feet.
Wedmore Lane, Birkdale,
$112,000.
Mattamy Carolina Building
Corp., single-family
residence at 4326 Hubbard
Road, Hubbard Falls,
$174,110, 2,919 square feet.
280 Park Ave. 29W
New York, NY 10017
212-338-4265
844-892-8488 TOLL-FREE
[email protected]
Pulte Home Corp., singlefamily residence at 13024
Great Laurel Road, Woodbury,
$131,420, 2,350 square feet.
Pulte Home Corp.,
15222 Colonial Park Drive,
Centennial, $163,506, 2,765
square feet.
Investment and Insurance Products: X NOT FDIC Insured X NO Bank Guarantee X MAY Lose Value
©2015 Wells Fargo Advisors, LCC, Member SIPC. 02/15
ls
na
Falls Drive, Hubbard Falls,
15801 Brixham Hill Avenue, Suite 100
Charlotte, NC 28277
704-341-4856
English Tudor Lane, Gardens
At Wendover, $207,826,
3,542 square feet.
ur
Kimberly A. Newman,
Waldrop Hill Court, Birkdale,
$103,000.
Monterey Bay -CHT LLC,
13213 Davidson Park Drive,
The Woodlands At Davidson,
$297,630, 3,960 square feet.
Jo
Kelly McArdle Construction
at 532 Ashworth Road,
$308,478, 4,551 square feet.
Lynne Pace, single-family
residence alteration at
21615 Norman Shores Drive,
$79,500.
We are pleased to
announce that
ss
D.R. Horton Regent LLC,
LGI Homes-NC LLC,
3810 Quiet Creek Circle,
The Reserve At Back Creek,
$132,962, 2,368 square feet.
MBH Construction LLC,
addition/alteration at
2417 Rozzelles Ferry Road,
(breakfast nook/basement),
$50,900, 108 square feet.
ine
2724 Golden Rose Lane,
Primmrose, $123,375, 2,231
square feet.
Dominique Builders, singlefamily residence addition/
alteration at 11120 Colonial
Country Lane, Providence
Country Club, $432,000,
1,089 square feet.
Road, Lot 66 Hubbard Falls,
$156,382, 2,648 square feet.
us
5504 Graypark Drive, Nevin
Glen, $105,802, 1,890
square feet.
LGI Homes-NC LLC,
3814 Quiet Creek Circle,
The Reserve At Back Creek,
$132,962, 2,368 square feet.
$143,016, 2,428 square feet.
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ty
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5435 Graypark Drive, Nevin
Glen, $137,645, 2,495
square feet.
Design & Navigate LLC,
addition at 1928 E. Ninth
St., (garage), $51,800, 142
square feet.
n
Primmrose, $137,645, 2,495
square feet.
Knotts Builders, singlefamily residence at 8011
Caliterra Drive, Irongate,
$169,450, 2,864 square feet.
ica
D.R. Horton Inc., singlefamily residence at 7441
Hamilton Bridge Road,
$138,288, 2,424 square feet.
Primmrose, $123,375, 2,231
square feet.
addition at 1165 Linganore
Place, (2 story detached
garage), $125,000, 700
square feet.
er
Am
Chesmar Homes CL Ltd.,
12402 Bradford Park Drive,
Bailey Springs, $185,094,
3,055 square feet.
Primmrose, $137,645, 2,495
square feet.
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fo
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lu
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er
Start your day with the top local business news headlines and end it
with a recap of the local and regional business news you need to know.
m
om
MORNING & AFTERNOON EDITION
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LEADS
Longstraw Road, Woodbury,
$173,898, 2,956 square feet.
CONNECTIONS
$151,740, 2,602 square feet.
$155,484, 2,602 square feet.
EVENTS & NOMINATIONS
$155,484, 2,602 square feet.
MARCH 4
NOMINATION DEADLINE
OF GREATER CHARLOTTE
Ram Construction Inc.,
Ideal Way, $230,900, 2,098
square feet.
The Charlotte Business Journal’s 5th annual
Healthiest Employers of Greater Charlotte Awards
program honors the top health and wellness
programs in our region. Don’t miss this opportunity
to showcase your company’s innovative strategies
for keeping your workforce healthy!
Ram Construction Inc.,
at 2029 Springdale Ave.,
$186,528, 3,213 square feet.
Rorick Construction LLC,
addition/alteration at 401 S.
Summit Ave., $79,190, 130
square feet.
er
Am
MARCH 4
Salins Group Inc., singlefamily residence alteration
at 1616 Myers Park Drive,
$302,400.
Charlotte Business Journal
8:30-9:30 a.m.
Saussy Burbank GC LLC,
at 10715 Fruitland Road,
$225,536, 3,438 square feet.
n
ica
Discover new ways to use the Charlotte Business
Journal’s online resources to stay current on
DIGITAL POWER USER the regional business community, identify new
customers and get ahead of your competition at
this workshop!
B
ty
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Smith & Son Home Builders
at 10136 Fairlea Drive,
$174,486, 2,834 square feet.
Smith & Son Home Builders
at 10126 Fairlea Drive,
$164,344, 2,681 square feet.
us
REGISTRATION
E N DS
McGlohon Theater
M
A
R
C
H
6
at Spirit Square
MARCH 12
ss
Standard Pacific Of The
Carolinas, single-family
residence at 16615 Doves
Canyon Lane, Palisades,
$370,432, 5,041 square feet.
residence at 17921 Pawleys
Plantation Lane, Palisades,
$212,650, 3,521 square feet.
residence at 11619
Hophornbeam Lane,
$181,596, 2,957 square feet.
Surles Builders Of
Charlotte, single-family
residence alteration at 3132
Clarendon Road, (kitchen/
baths), $50,600.
at 3923 Martele Drive,
Ravencroft, $173,696, 3,011
square feet.
at 9619 Daufuskie Drive,
Hicklin, $153,992, 2,597
square feet.
10410 Kempsford Drive,
Meadows At Houston Hills,
$114,309, 1,989 square feet.
5214 Elementary View Drive,
Hucks Landing, $216,172,
3,735 square feet.
5019 Elementary View Drive,
Hucks Landing, $164,330,
2,787 square feet.
family residence at 9019
Klein Road, Hamlin Hills at
Balmoral Lot 312, $246,000.
True Homes LLC, singlefamily residence at 1061
Newton Ave., Newport Lakes
Lot 97, $163,000.
Eddie Massey Lane, Ellis
Pond, $291,000.
RR Business
licenses
Neighborhood Contractors
at 1097 Paddock Circle,
Birtwick Park, $373,109,
3,487 square feet.
City of Charlotte
Timothy Darren O’Brien,
addition at 150 Troutman
Road, (storage building),
$131,200, 3,200 square feet.
Park West Barber School
LLC, Timothy Macintoch,
8925 J.M. Keynes Drive Suite
7, Charlotte 28262.
Union County
Bonterra Builders LLC,
1018 Slew O’ Gold Lane,
Bonterra Lot 772, $123,000,
3,300 square feet.
at 1103 Saratoga Blvd.,
Bonterra Lot 690, $106,000,
3,000 square feet.
at 3706 Buckhead Lane,
Deerstyne Lot 8, $166,000,
3,700 square feet.
DB Custom Homes LLC,
addition at 320 Deerwood
Court, $96,000, 1,600
square feet.
Paragon Homes Of
Charlotte Inc., single-family
residence at 625 Ennis Road,
Meadows at Weddington,
$440,000, 7,600 square feet.
Schumacher Homes Of NC
at 115 George Watkins Trail,
Lot 2, $742,000, 6,500
square feet.
York County
America’s Home Place,
1185 Reservation Road,
$253,000.
CWD Construction Inc.,
addition at 657 May Green
Drive, (garage), $68,000.
CWD Construction Inc.,
at 657 May Green Drive,
Coves on River Oaks Lot 98,
$484,000.
Eagle Construction, singlefamily residence addition at
1495 Maloa Way, $149,000.
Hillcrest Construction,
1450 McGill Road, $159,000.
Hillcrest Construction,
1169 Bate Harvey Road,
$194,000.
J.O. Flowe Grading Co. Inc.,
194 Helton Lane, Brayden,
$451,000.
se
To register or nominate,
go to CharlotteBusinessJournal.com/events
Mid State Metals of the
Beaver Road, (storage
building), $65,600, 1,600
square feet.
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er
NOMINATION DEADLINE
Submit a nomination for an outstanding woman
to be honored as part of our 19th Annual Women
in Business Achievement Awards program! We’re
looking for the region’s 25 most influential
business women in every industry.
John Dempsey, single-family
residence at 275 Haynes
Drive, $214,000, 2,000
square feet.
m
APRIL 10
residence at 1820 Woodward
Ave., $98,390, 1,788 square
feet.
Rowan County
om
Meet your mentor at the Charlotte Business Journal
Bizwomen Mentoring Monday event. The event
will offer attendees the opportunity to choose
from 40 mentors who are the most influential
women in the community for one-on-one
coaching sessions for seven minute conversations.
rc
7:30-9:30 a.m.
residence at 18620 Studman
Branch Ave., $198,602,
3,426 square feet.
fo
MARCH 30
Harris Conference Center
residence at 13115 Indigo
Run Court, Palisades,
$312,458, 4,266 square feet.
ot
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ENERGY INC.
SUMMIT
AND
LEADERSHIP AWARDS
NOMINATION DEADLINE
Do you know someone who is a mover and shaker
in the energy industry? If so, submit a nomination
for the Charlotte Business Journal’s 5th annual
Energy Leadership Awards program honoring
individuals who have played a key role in making
the Carolinas a regional and global player in the
energy industry.
na
ur
MARCH 20
residence at 18001 Pawleys
Plantation Lane, Palisades,
$312,488, 4,257 square feet.
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The Charlotte Business Journal will recognize 40 of
the region’s brightest and most talented up-andcomers at the 22nd annual Forty Under 40 Awards!
Honorees will demonstrate their hidden talent on
stage at the historic McGlohon Theater in what
promises to be an entertaining evening followed by
a celebration reception. Don’t miss your opportunity
to mix and mingle with this talented group!
Jo
AWARDS
ine
5:30-8:30 p.m.
residence at 18612 Studman
Branch Ave., $180,312,
3,108 square feet.
Charlotte, single-family
residence at 2524 Olde White
Lane, Olde White Manor,
$188,688, 2,941 square feet.
Ken Williams, single-family
Four Oaks Trail, $64,000.
M/I Homes Inc., singlefamily residence at 336
Hawks Creek Parkway, Hawks
Creek Lot 50, $249,000.
M/I Homes Inc., singlefamily residence at 660
Brookhaven Drive, Hawks
Creek Lot 56, $278,000.
New Old Homes LLC, singlefamily residence at 886
Harvest Pointe Drive, Baxter
Lot 1306, $660,000.
Ronald Schwallie, singlefamily residence at 1809
Wedowee Court, Lot 13,
$323,000.
Lightbeings LLC, Colton
Southworth, 1601 The Plaza,
Charlotte 28205.
Donald & Co. Salon LLC,
Donald Case, 301 E. Tremont
Ave. Suite E, Charlotte
28203.
I Love Hair Studio,
Stephanie Dorsey, 2925 E.
Independence Blvd. Suite 11,
Charlotte 28205.
Agina Anderson, Agina
Anderson, 3045 Freedom
Drive No. 35, Charlotte
28208.
A Step Beyond Beauty,
Nichole Gresham, 5509
Monroe Road Suite 101,
Charlotte 28212.
Spiritual D.I.V.A.S.,
Tisamarie Woods, 410 E.
McCullough Drive Suite 118,
Charlotte 28262.
Creative Canvases By Jada
Baker, Jada Baker, 201 S.
Hoskins Road Unit 211,
Charlotte 28208.
Piedad’s Hair Studio, Piedad
Ariza, 6903 E. W.T. Harris
Blvd. Suite E, Charlotte
28215.
Marques A. Davis Sr.
General Maintenance,
Marques Davis, 4518
Wynbrook Way No. 15,
Charlotte 28269.
C&G Heating & Air, Mike
Greshem, 6312 Trysting
Road, Charlotte 28227.
Mommy & Tinks Care
Services, Kristina Barnwell,
1819 Griers Grove Road Apt.
E, Charlotte 28216.
Tosh Construction LLC,
Dallas McIntosh, 14529
Smith Road, Charlotte 28273.
JC La Roca Construction,
Gustavo Mendez, 8031
Bald Ridge Drive, Charlotte
28227.
Mr. Hookah Charlotte,
Victor Abad, 9154 Austin
Ridge Lane, Charlotte 28214.
Square View Consulting
LLC, Allen Settle, 6230
Hackberry Creek Trail Apt.
225, Charlotte 28269.
Integral Facility Services
LLC, Maurice Murray, 1025
Butterburr Drive, Matthews
28105.
PowerHouseCleaning5,
Ketia Gillard, 819 Villa Court
Apt. 2, Charlotte 28211.
Associated Cleaning
Services LLC, Juan Mendez,
9013 Gerald Drive, Charlotte
28217.
RS Saunders Group LLC,
Ryan Saunders, 9245
Glenwater Drive Apt. 107,
Charlotte 28262.
Barahona, Maria Pacheco,
14954 Forest Mist Way,
Charlotte 28273.
Smith Management Group,
Brenton Floyd, 3141 Amity
Court, Charlotte 28215.
Straightline Landscaping,
Jorge Garcia, 3609 Shamrock
Drive, Charlotte 28205.
PTY Motors LLC, Sean
Wilson, 8539 Monroe Road
Suite 102, Charlotte 28212.
Alex Landscaping, Alejandro
Maldonado, 3915 Slagle
Davis Transportation dba
Rose, George Davis, 7725
Raynor Road, Charlotte
28277.
Zemo Construction, Refik
Ademovic, 7310 Monroe
L&L Performance Cleaning
Service, Lisa Willis, 724
Montana Drive, Charlotte
28216.
CEL Janitorial Serivices,
Ligia Linzan, 12204 Portrush
Lane, Charlotte 28273.
Angel’s Euphoria, Angel
Blackwell, 3911 Sunnycrest
Great Things Consigned &
Boutique, Lynda Mullis, 8038
Providence Road Suite 200,
Charlotte 28277.
Lemond Modeling Vintage
Boutique & Cafe, Elbert
Hart, 512 E. 15th St. Suite 3,
Charlotte 28206.
J. Diaz Metal Construction,
Jose Matute, 4945 Central
Ave. Apt. 1, Charlotte 28205.
Y&K Construction, Ruben
Lopez, 3207 Amity Pointe
Drive Apt. B, Charlotte
28215.
Sedlak Inc., Donald Sedlak,
2036 University Heights,
Charlotte 28213.
Elle Williams, Katherine
Lampkin, 5536 Galway Drive,
Charlotte 28215.
Brand New Direction, Deidre
Hinkson, 3715 Blandwood
Quiktrip #1004-Quiktrip
Corp., Amy Stitt, 3025
Wilkinson Blvd., Charlotte
28208.
Pavel’s Custom Jewelry,
Nataliya Prestwood, 1630 E.
Woodlawn Road Suite 287,
Charlotte 28209.
Dulce Limos, Lakesha Davis,
401 N. Tryon St. Suite 1000
10th Floor, Charlotte 28202.
L&M Wirless Inc., Louay
Madee, 3039 South Blvd.
Suite B, Charlotte 28209.
Kavin’s Heavy Equipment
& Auto, Kavin Morris, 122
S. Linwood Ave., Charlotte
28208.
Fulton Repair, Kenneth
Fulton, 10728 Morgan Creek
Drive Apt. 307, Charlotte
28273.
Aunt Luv’s, La Rivera, 2421
Lidia Ave. Apt. A, Charlotte
28205.
Shanickqua’s Hair,
Shanickqua Hudson, 1803
Griers Grove Road No. E,
Charlotte 28216.
Unbroken All-Purpose
Solutions, Courtney Luckey,
2805 Parkway Ave., Charlotte
28208.
Caliber Home Loans Inc.,
Lisa Gates, 3440 Toringdon
Way Suite 205, Charlotte
28277.
Unity Nursing Institute,
Zainab Kargbo, 5727
Westpark Drive, Charlotte
28217.
Office Installation
Furniture, Almir Sejdic,
2924 Enfield Road, Charlotte
28205.
Shop Sidity, Toressa Poole,
5611 Seths Drive, Charlotte
28269.
Class Brand, Christian
Johnson, 8010 Walnut Creek
Noah’s Art, Anayah Duke,
225 Orchard Trace Lane Apt.
6, Charlotte 28213.
Emma’s Boutique, Edwinna
Mcallister, 11508 Blue Lilac
Standard Pacific, singlefamily residence at 704 Chase
Court, Eppington South Lot
125, $376,000.
Ambiance Masters Event
Planning, Shiron Johnson,
7448 Denali Lane, Charlotte
28216.
Charlotte Luxury Rentals
LLC, Tenisha Patterson, 7705
Quail Park Drive, Charlotte
28210.
Standard Pacific, singlefamily residence at 712 Chase
Court, Eppington South Lot
124, $354,000.
2 Friends Remodeling Inc.,
Irma Torres, 4225 Nevin
Otey, Carmen Sutton, 3105
Denhem Court, Matthews
28105.
BYA Gourmet Wraps, Yun
Yut, 3500 Latrobe Drive,
Charlotte 28211.
ReiMagined Fashion, Colena
Golson, 2742 Commonwealth
Ave. No. 9, Charlotte 28205.
E2 GC LLC, Ernest Smith,
1721 Norland Road, Charlotte
28205.
Anu Shop Hookah (A.S.H.),
Robert Smith, 1711
Alexander Highlands Drive
Upstate Management LLC,
at 845 Drummond Ave.,
$101,637, 1,707 square feet.
Dantzler Court, Crystal Lakes
Lot 36, $179,000.
Viking Enterprises Inc. Of
True Homes LLC, single-
35
No. 201, Charlotte 28262.
Barber Depot II, Patricia
Johnson, 7909 Donet Terrace
J&T Painting, Juan Rosales,
1516 Kentland Lane Apt. 1,
Charlotte 28210.
SP Plus Corp., Andrew Klos,
1000 Blythe Blvd., Charlotte
28203.
2001 Vail Ave., Charlotte
28207.
10628 Park Road, Charlotte
28210.
Charlotte South Fitness,
Stephen Dow, 11108 S. Tryon
St., Charlotte 28273.
Strength In Chaos, Michelle
Lieberman, 6920 Rocky Falls
Froshow Productions,
Caroline Renfro, 512
Patterson St., Charlotte
28205.
7-Eleven No. 35588-A,
Arvind Mishra, 10023 N.
Tryon St., Charlotte 28262.
Save-A-Lot #679-4673,
Dawn Burrow, 6321
Albemarle Road, Charlotte
28212.
Goodphellazz Clothing
Store, Monica Hedgepeth,
7945 N. Tryon St. Suite 104,
Charlotte 28262.
R&R Roadside, Derrick
Robinson, 1230 Pressley
Road No. 5, Charlotte 28217.
Tribe LLC, Yancey Shook,
2151 Hawkins Ave. Suite
200, Charlotte 28203.
Hanak Enterprises, Anthony
Hanak, 2818 Queen City
Drive Suite L, Charlotte
28208.
Freight Connect LLC, Wendi
Peters, 2904 Providence Trail
La Reina De Las Carnitas
LLC, Ricardo Albarran, 6441
Albemarle Road, Charlotte
28212.
Affordable Superior
Cleaning, Lisa Watts, 7811
Heatherdale Court, Charlotte
28212.
RM Transporting, Richard
McClain, 11641 Kempsford
Cabarrus County
Kevin C. Stricklin, 2153
Barrowcliffe Drive S.W.,
Concord 28027, $44,765,
(6672), case #15 M 155,
02/02/15.
Mecklenburg County
Perkins Restaurant
Development Co., P.O. Box
35549, Charlotte 28235,
$21,107, (941), case #15 M
833, 02/03/15.
RR Judgments
granted
Mecklenburg County
Speedway Motorsports
International vs. Bronwen
Energy Trading Ltd./
Bronwen Energy Trading
UK Ltd./Patrick N. Ndiomu,
(address not shown),
$37,175,000, plaintiff, case
#08 CVS 009450, 02/02/15.
Allergen Immunological
LLC dba Allergy America
LLC/Kenneth L. Allison vs.
Mark S. Cox/Ai Labs LLC/
Universal Allergy Services
LLC et al., money owed, case
#15 CVS 001721, 01/30/15.
Cabarrus County
Central Steel & Wire Co. vs.
Robert S. Dillard/Tammie
B. Johnson/Perfect Fit
Components Inc., money
owed/piercing the corporate
veil/fraud, case #15 CVD
000206, 01/20/15.
Atlas Hospitality LLC vs.
Western Surety Co., money
owed, case #15 CVS 001901,
01/30/15.
Estate of Peggy L.W. Long/
Jason Long Administrator
vs. Cabarrus County/
Cabarrus County
Emergency Medical
Service/Jeff Pennington
Jr. (as employee and
individual), negligence, case
#15 CVS 000253, 01/22/15.
Cox Landscape Advisors
Inc. dba Cox Landscape
Management vs. The
Preserve At Lake Forest LP/
Jaymor Management Group
LLC, money owed, case #15
CVS 001902, 01/30/15.
American IRA LLC vs.
Atypical Real Estate Inc./
The Estate of George
Tucker, money owed, case
#15 CVS 001905, 01/30/15.
Gloria Y. Smith aka Yvonne
R. Smith vs. Willie F. Rhyne/
First Transit Inc./City of
Concord, motor vehicle
negligence, case #15 CVS
000258, 01/22/15.
Custom Features Inc. vs.
SBG LLC/dba Simonini
Group, money owed, case
#15 CVD 001843, 02/02/15.
Morrison Brothers Building
Center LLC vs. Nivia
Gomila/Ivan Gomila/GGS
LLC, breach of contract/
piercing the corporate veil,
case #15 CVS 000271,
01/23/15.
ABT Inc. vs. BCLM LLC/212
Solar LLC, (address not
shown), $3,000,000,
plaintiff, case #14 CVS
009714, 02/06/15.
Mary H. Treece vs. The
Interior Design Exchange
LLC, (address not shown),
$83,030, plaintiff, case #14
CVS 000410, 01/23/15.
Topaz Development Inc.
vs. Pedulla Trucking
Excavating & Paving Inc./
Terri Pedulla et al./dba
Pedulla Excavating &
Paving, breach of contract,
case #15 CVS 000288,
01/26/15.
Curt Baclawski vs. Harris
Market Inc./Broker Dealer
Market Inc./Mark R. Harris,
2805 E. Oakland Park Blvd.
Suite 104, Fort Lauderdale,
Wilburn G. McCarver/
Kendra McCarver vs.
Thomas P. Side/Carolina
Cat Inc./Carolina Tractor
& Equipment Co., motor
Union County
American Express Bank FSB
vs. Jeffrey Whitt/Migra
Systems Inc., collection
on account, case #15 CVD
001937, 02/02/15.
Great Lakes Petroleum Co.
vs. Ferrell Construction of
Myrtle Beach Inc./George
R. Ferrell III, money owed,
case #15 CVD 002179,
02/02/15.
Kenneth T. Davies vs.
Marc Hubbard/Jabez
Consolidated Holdings Inc./
MH Holdings Inc., money
02/02/15.
Applied Division Seven
Inc./Paul W. Settlemyre/
Mary E. Settlemyre vs.
East Coast Restoration
& Waterproofing Inc./
James A. Sherrife/Victoria
L. Sherrife et al., money
02/02/15.
BRE Retail Residual NC
Owner LP vs. Kim Nguyen/
dba Today’s Nails, contract,
case #15 CVS 002107,
02/02/15.
Commercial Credit Group
Inc. vs. Band of Brothers
Waste Services Inc./Richard
C. Thompson Sr./Mary Ann
Thompson, money owed,
case #15 CVS 002180,
02/02/15.
Progressive Premier
Insurance Co. of Illinois vs.
Mathis Towing & Recovery
Inc., collection on account,
case #15 CVD 002197,
02/03/15.
Pinnacle Converting
Equipment & Services LLC
vs. Progressive Ruesch
Machine Co. LLC, money
02/03/15.
Drew Sigmund vs. The
Bainbridge Crew of NC Inc.,
money owed, case #15 CVD
002229, 02/04/15.
Craig B. Fulton vs. WIZ Six
Group LLC/Nechele Vanias/
Tony Vanias, contract, case
#15 CVD 002259, 02/04/15.
Victoria Rittenhouse
Avramovic/Branko
Avramovic vs. Karston
Grant/Blue Air 2010 LLC/
MV Epicentre II LLC et al.,
money owed, case #15 CVS
002224, 02/04/15.
Healthcare Inc./Kindred
Healthcare Operating
Inc./dba Guardian Care of
Roanoke Rapids, money
owed, case #15 CVD 002345,
02/05/15.
Grand Leigh Inc. vs.
Grandview Manor Care
Center Inc., money owed,
case #15 CVD 002346,
02/05/15.
IFM Efector Inc. vs.
Electronic Concepts
Custom Solutions LLC,
money owed, case #15 CVD
002347, 02/05/15.
Southeastern Utility
Construction Inc. dba
Southeastern Construction
& Development vs. The
Allied Group LLC, money
02/05/15.
Union County
DeVere Construction Co.
Inc. vs. CDM Smith Inc./
Union County, contract, case
#15 CVS 000258, 01/30/15.
Arthur Cummings as PR
of the Estate of Joyce
Cummings vs. Paxton
Media Group/The EnquirerJournal/PMG Acquisition,
negligence, case #15 CVS
000272, 02/03/15.
RR Mechanic’s
liens
Cabarrus County
Antech Diagnostics Inc. vs.
Freedom Animal Hospital
Inc./Margurette M. Straley,
002271, 02/04/15.
Claimant: LaFave’s
Construction Co. Inc.,
Contractor: Rishi M. Kapadia/
Clement Ramdin/Madhukar
B. Kapadia Trustee/Naina
M. Kapadia Trustee/Carlos
Moore Architect PA, $54,001,
Owner: TRK Development
LLC/Madhukar B. Kapadia
Trustee/Naina M. Kapadia
Trustee, on property at 202
Ramdin Court, Concord
28027, case #15 M 150,
01/30/15.
Grand Leigh Inc. vs. Kindred
Claimant: Wayne Patrick
Carl Yarbor vs. U.S. Airways
Inc., money owed, case #15
CVS 002267, 02/04/15.
Holdings LLC, Contractor:
CBC Stone & Recycling LLC,
$285,918, Owner: Wayne
Patrick Holdings LLC/
Wayne Patrick Holdings I
LLC, on property at Lots
422-428/432/433/437-447
Farms at Riverpointe, case
#15 M 151, 01/30/15.
Mecklenburg County
Claimant: HD Supply
Waterworks Ltd. dba
HD Supply Waterworks
LD, Contractor: F&S Site
Solutions LLC, $24,091,
Owner: Phifer Crest LLC, on
property at 7335 Summerlin
Place, Charlotte, case #15 M
740, 01/28/15.
Claimant: Love Plumbing
& Air Conditioning Co.
Inc., Contractor: Daniel
Eichensehr/Design and
Navigate Inc., $29,838,
Owner: Mecklenburg 2240
LLC, on property at Lot A D.G.
Calder Property, case #15 M
797, 01/30/15.
RR Real estate
transactions
COMMERCIAL
Cabarrus County
AZ Trading Co. Inc. to
Florence 770 Realty LLC c/o
Altman Schochet LLP, 225
Broadway 39th Floor, New
York, N.Y. 10007, Two tracts
of land ID 56211327280000,
$450,000.
Niblock Development Corp.
to Victory Industrial Park
Inc., 225 N.E. Mizzner Blvd.
Suite 675, Boca Raton, Fla.
33432, Lot 40 Bedford Farms
ID 11/26H/40.00, $315,500.
John J. and Ismini M.
Fragakis/Pete A. and
Georgette P. Boukidis
to Parish LP, 829 Gretel
Ave., Concord 28027, Lots
10 & 11 J.A. Furr Estate
ID 56210461030000,
$300,000.
ls
na
Three Brothers Trucking
Construction Inc., Osmin
Ruiz, 3617 Pauline Lane,
Charlotte 28216.
RR Lawsuits
filed
ur
T&A Pineville Inc. - China
Buffet, Hui Liu, 9931 Lee St.,
Pineville 28134.
Shelba Nesmith vs. Regal
Cinemedia Corp./Regal
Cinemas Inc., money owed,
case #15 CVS 001752,
01/28/15.
Jo
OLM Janitorial Cleaner,
Betsy Andres, 7032 Walnut
Ridge Court, Charlotte
28217.
Sir Ris Transport Services,
Ryan Simmons, 2500 Golf
Course Lane, Charlotte
28208.
Susan Brotch vs. Charlotte
Homes and Rental LLC,
001514, 01/21/15.
ss
TRC Cleaning Service,
Tanecia Copeland, 3945
Mohawk Court, Charlotte
28215.
Mecklenburg County
Yadkin Bank vs. J&C
Developers LLC/Charles
R. Funderburk/Joe D.
Funderburk, 1621 Stack
Road, Monroe 28112,
$45,000, plaintiff, case #15
CVS 000214, 01/27/15.
ine
Hill Financial Services dba
H&H Tax, Sherae Hill, 602
W. Sugar Creek Road Suite 7,
Charlotte 28213.
vehicle negligence, case #15
CVS 000352, 02/02/15.
us
All Remodeling & Repair
LLC, Juan Barrera, 6101
Timberway Drive, Charlotte
28213.
Fla. 33306, $288,459,
plaintiff, case #14 CVS
000328, 01/26/15.
B
ty
Ci
Montgomery Hunter
& Associates, Charles
Montgomery, 9700 Research
Drive Suite 127-A, Charlotte
28262.
RR Federal
tax liens
n
Ridgid Walls Interior,
Argentina Perdomo, 6112
Rosecrest Drive, Charlotte
28210.
AAOK Inc., Angie Allison,
316 Lillington Ave., Charlotte
28204.
ica
Ahavah, Natalia Fomin, 4022
Lamington Road, Matthews
28105.
El Norteno Western
Wear, Zonia Valdiviezo,
925 Eastway Drive Suite G,
Charlotte 28205.
Suzanne’s Signature
Wedding Cakes, Suzanne
Schwendiman, 13981
Dingess Road, Charlotte
28273.
er
Am
I Am Fashion, Randy
Williams, 2520 Tanglebrook
Tokyo Grill & Supreme
Buffet LLC, Dai Zheng, 8215
University City Blvd. Unit D,
Charlotte 28262.
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Honoring Top
Human Resource Professionals
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YOUR INBOX.
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DO YOU KNOW THE BEST PLACE
TO LOOK FOR SALES LEADS?
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GOLD SPONSOR
Presented by:
SILVER SPONSORS
LEADS
Mecklenburg County
$25,300,000.
MP Cross Creek LLC to Cross
Pointe NC Partners LLC, c/o
Cortland Partners LLC 3424
Peachtree Road Suite 300
Attn: Brad Brown, Atlanta,
Ga. 30326; 2808 Cross Pointe
Circle, Matthews 28105,
Sardis Place at Matthews
Apartments 35.05 acres
ID 19354102/19354108,
$35,200,000.
MP Creekwood LLC to
Village Lake NC Partners
LLC, c/o Cortland Partners
LLC 3424 Peachtree Road
Suite 300 Attn: Brad Brown,
Atlanta, Ga. 30326; 2300
Village Lake Drive, Charlotte
28212, Village Lakes
Apartments 22.864 acres ID
19107137, $22,750,000.
MP The Pointe LLC to Free
Throw NC Partners LLC, c/o
Ga. 30326; 6530 Free Throw
Court, Charlotte 28217,
The Pointe Apartments
24.47 acres ID16707201,
$35,200,000.
Zola B. Moore to Buckhead
Development Group
LLC, 2824 Briarcliff Place,
Charlotte 28207; 1681
Sterling Road, Charlotte
28207, Lot 40 Block 81
Myers Park ID 151-072-20,
$450,000.
George and Maria
Housidas/Vasilios
Housiadas aka Bill
Housiadas and Foteini G.
Makri to ZHC Holdings LLC,
616 Louise Ave., Charlotte
28204; 1233 Central Ave.,
Charlotte 28204, Block 21 ID
081-181-12, $325,000.
Charlotte Radiology Capital
Partners LLC to Leegale
Partners LLC, 4715 Wynfield
Lane, Charlotte 28270; E.
Seventh St., Charlotte 28202,
Unit 2612 Eastover Medical
Park III Condominium ID 127123-11, $407,500.
Nisbet Oil Co. fka E.P.
Nisbet Co. to City of
Charlotte, 600 E. Fourth
St., Charlotte 28202; 6101
Prosperity Church Road,
Charlotte 28269, Prosperity
Village Northwest Arc B ID
Portion of 027-561-08,
$310,500.
Arthur W. and Patricia
A. Yates to Metropolitan
Insurance LLC, 820 Tyvola
Road Suite 200, Charlotte
28217, Units A-102/A-106
Graham Office Condominium
ID 175-145-11/175-145-15,
$400,000.
Melvin D. Sr. and Lessie
M. Smith to Ormond
Holdings LLC, Attn: James
Ormond 400 Fesbrook Court,
Charlotte 28270, Lots 53-60
inclusive H.H. Robinson
Property ID 08506102,
$300,000.
TD Bank NA to JDH Jr.
Properties LLC, 400 Lawton
Road, Charlotte 28216,
5.194 acres ID 039-049-18,
$375,000.
John S. IV and Claire A.
Miller/Thomas B. and Janet
B. Miller to C.D.C.G. Inc.,
P.O. Box 12698, Raleigh
27605; 4900 Albemarle
Road, Charlotte 28205, ID
133-014-05, $300,000.
Estate of Dorothy W.
Waltman/John D. Waltman
Executor/Estate of Cyrus J.
Wilson Jr./Cyrus J. Wilson
III Executor to Sinacori
Builders LLC, 10100 Park
Cedar Drive Suite 166,
Matthews-Mint Hill Road,
Matthews 28105, Lot 2
24.863 acres ID 195-021-19,
$350,000.
Pulte Home Corp. to Charles
W. Weatherholt Trustee/
Myrna N. Weatherholt
Trustee, 1023 Gray Oak
Lane, Charlotte 28270, Lot
75 Oak Manor ID 22706108,
$625,500.
Michael S. and Marilyn
M. Tuckman to Bonterra
Builders LLC, 5615 Potter
Road, Matthews 28104;
17911 Culross Lane,
Charlotte 28278, Lot 90
Crescent Land & Timber
Corp. aka Lake Wylie Map of
Recreation Lots ID 217-36110, $350,000.
Shea Atherton LLC to ALV
NC 3 LLC, 680 Fifth Ave.
25th Floor, New York, N.Y.
10019, metes and bounds
ID 6150067/ 6150178/
6150180/61501816150183/ 6150185/
6150186/ 61501896150192, $1,558,000.
WSLD Millbridge VI LLC to
Essex Homes Southeast
Inc., c/o Charlotte Division
13310 S. Ridge Drive Suite
A, Charlotte 28273, Lots
313-316 Millbridge ID05
165 107/05 165 164-167,
$386,000.
Andrew J. and Deirdre M.
Olson to ColFin AH-North
Carolina 2 LLC, 9305 E.
Via De Ventura No. 201,
Scottsdale, Ariz. 85258;
6202 Marigold Court,
Waxhaw 28173, Lot 197
Wesley Oaks ID 06 048 311,
$319,000.
ID 46717446270000,
$310,500.
Newstyle Communities
Inc. to Wayne L. and
Sharon E. Seaman, 4515
Courtyard Blvd, Harrisburg
28075, Lot 21 Courtyards at
Harrisburg ID 01-013B-0021,
$303,500.
M/I Homes of Charlotte
LLC to Sri Ramakrishna
Nannapaneni, 1260
Reflection Ave. N.W., Concord
28027, Lot 195 Brookvue
ID 46717486880000,
$302,000.
Mecklenburg County
Cabarrus County
Emily Agnello to Qi Han
and Yiwen Chen, 18801
Flat Shoals Drive, Cornelius
28031, Lot 603 The
Peninsula ID 00181115,
$1,415,000.
Parker & Orleans
Homebuilders Inc. to Chut
and Jennifer Sombutmai,
9618 Estridge Lane, Concord
28027, Lot 257 Wellington
Chase ID 03-014C-0257.00,
$426,000.
John M. and Julie H.
Richards to Michael C. and
Charolette K. Obringer,
3909 Ayscough Road,
Morrison’s Glen ID 177-02123, $1,260,000.
LLC to Rakesh Kumar
Dahiya and Ritu Loyal, 1264
Reflection Ave. N.W., Concord
ID 46717497300000,
$371,000.
Thomas R. IV and Krista
B. Wilson to Ann B. and
Bradford P. Pendergrass,
1521 Biltmore Drive,
Block 7 Pharrsdale ID 155122-15, $1,250,000.
Lennar Carollinas LLC to
Julie A. and Rufus C. Smith
and Alicya Komorowski,
4856 Pepper Drive,
Harrisburg 28075, Lot 14
Brookedale Commons ID 01024J-0014, $334,000.
The Tower Condominiums
LLC to Joseph N. Traigle,
520 E. Martin Luther King Jr.
Blvd. Unit 1201, Charlotte
28202, Unit 1201 The
Madison Condominium ID
125-071-61, $1,200,000.
John C. and Carol Wilson
to Jeffrey D and Deniele P.
Carwile, 9618 Numenoire
Drive, Charlotte 28269,
Lot 865 Dominion Grove at
Highland Creek ID 02-001G0865.00, $320,000.
Richard S. and Jennifer J.
Arfa to Babak and Cortney
Varzandeh, 430 Clement
Ave., Charlotte 28204,
Portion of Lots 2/3 metes
and bounds ID 127-031-25,
$1,100,000.
LLC to Suthash and
Sudha Rani Kumar, 1233
Reflection Ave. N.W, Concord
Clarence O. Ellis to Harold
W. Cogdell Jr., 3620 Sharon
View Road, Charlotte 28210,
Lots 2/3 Cassidy Estates ID
209-054-62/209-054-35,
RESIDENTIAL
$1,040,000.
Karen S. Lichtin to Phyllis
Louis-Dreyfus, 174
Cherokee Road, Charlotte
28207, Unit A Cherokee
Condominium ID 15506176,
$1,020,000.
Diamond Creek Properties
LLC to Robert A. and Jill
G. Miles, 8301 Greencastle
Drive, Charlotte 28210, Lot
62 Block 2 Quail Hollow ID
209-501-08, $950,000.
Earl L. and Claire C. O’Neal
to David and Kerry N.
Winslow, 5532-C Strawberry
HIll Drive, Charlotte 28211;
2515 Cloister Drive, Charlotte
28211, Tract 1 The Cloisters
ID 183-094-09, $915,000.
J. Boyd LP to Jonathan
A. Nassri and Erica J.
McCafferty, 2244 La Maison
Drive, Charlotte 28226, Lot
7 Courance ID 187-251-51,
$798,000.
MDI Ltd. LLC to Jonathan
M. and Laura A. Olson, 701
Templeton Ave., Charlotte
28203, Lot 1 Block 39
Dilworth ID 123-055-01,
$790,000.
Russell W. and Stephanie
L. Blanton to Charles H.
and Elizabeth K. Brinkman,
2005 Nolen Park Lane,
Exeter Road, Charlotte
28211, Lot 15 Block 6 Amity
Supply Co. ID 18111402,
$777,000.
David I. Cohen to John K.
Short, 1022 E. Worthington
Ave., Charlotte 28203, Lot
19 Block 14 Dilworth ID 121117-20, $705,000.
Ronnie L. Bryant/Sandra D.
Bryant to Ritesh and Purvi
Ved, 11046 Pound Hill Lane,
Ballantyne Country Club ID
223-373-45, $700,000.
William J. and Katherine E.
Daniel to Kevin T. Jr. and
Lee Kennelly, 3501 Seward
Place, Charlotte 28211,
Lot 12 Block D Propety of
ls
na
ur
Jo
Wells Fargo Bank NA
Eloise D. and Peter H.
Bradshaw/Eloise D.
Bradshaw Administratrix of
The Estate of Johh Rodman
DeLaney Jr./ Herbert S.
DeLaney et al. to SLV NC
3 LLC, 680 Fifth Ave. 25th
Floor, New York, N.Y. 10019,
metes and bounds ID 06-123125/06-123-126/06-123011, $10,041,000.
ss
Ruth A.H. and Jerry W. Guy/
Scott L. Hoxie to Structure
Services Inc., 1809 East
Blvd. Suite 201, Charlotte
28203; 1608 Sterling Road,
Block 82 Myers Park ID 151071-03, $550,000.
Union County
ine
AEI National Income
Property Fund VII LP to AEI
The Vine United Methodist
Church successor by
merger to St. Luke United
Methodist Church to Centre
International De Foi En
Christ, 3016 Shamrock
Drive, Charlotte 28205,
Lots 24-32 inclusive Block 1
0.1964 acres ID 09306324,
$700,000.
Patricia L. Frye to 3514
Windsor DR LLC, 2001 E.
Marshall Ave., Phoenix, Ariz.
85016; 3514 Windsor Drive,
Charlotte 28209, Lot 6 Block
2 Robert J. Ingram Property
ID 175-113-24, $335,500.
us
MP Steeplechase LLC to
Wallace NC Partners LLC,
c/o Cortland Partners LLC
3424 Peachtree Road Suite
300 Attn: Brad Brown,
Atlanta, Ga. 30326; 7200
Wallace Road, Charlotte
28211, The Steeplechase
Apartments ID 19105102,
$12,500,000.
1800 East Boulevard LLC
to Cason-Coleman Co. LLC,
1800 East Blvd., Charlotte
28203, Lot 1 Block 3 East
Boulevard ID 151-022-11,
$852,000.
to Carter Scott Group
LLC, 16405-A Northcross
Drive, Huntersville
28078, Unit 16405-A
Northcross Corporate Center
Condominium ID 00930130,
$520,000.
B
ty
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212 South Tryon LP to
TDC Johnston LLC, 5310
S. Alston Ave. Suite 210,
Durham 27713; 212 S.
Tryon St., Charlotte 28202,
0.2651 acre ID 07301613,
BHC-Hawthorne Cambridge
LLC to Ginkgo OBC LLC,
1023 W. Morehead St.
Suite 301 Attn: Eric Rohm,
Charlotte 28208, Hawthorne
at Commonwealth 8.553
acres ID 129-081-16,
$12,750,000.
Hillcrest Investors Inc. to
Orbit Energy Charlotte
LLC, 3301 Benson Drive,
Raleigh 27609; 600 Johnson
Road, Charlotte 28206,
13.067 acres ID 08509101,
$2,140,000.
n
MP Hunt Club LLC to
Heritage Pointe NC
Partners LLC, c/o Cortland
Partners LLC 3424 Peachtree
Road Suite 300 Attn: Brad
Brown, Atlanta, Ga. 30326;
100 Heritage Pointe Road,
Charlotte 28262, Hunt Club
Apartments 10.074 acres
ID 02903101/02903123,
$26,200,000.
GNLP 06A LLC to GPT
Arrowood Owner LP, c/o
Gramercy Property Trust
550 Blair Mill Road Suite
120 Attn: Sonya Huffman,
Horsham, Pa. 19044; 3140
W. Arrowood, Charlotte
28273, 13.546 acres ID 201451-10, $18,200,000.
Laurence M. Cone Jr. to
Vesta LLC, 18301 Mainsail
Pointe, Cornelius 28031,
Lot 363 The Peninsula ID
00175324, $2,200,000.
ica
MP The Oaks LLC to Misty
Oaks NC Partners LLC, c/o
Ga. 30326; 4915 Misty Oaks
Drive, Charlotte 28269, The
Oaks Apartments 26.78 acres
ID 04308510, $31,200,000.
MP The Regency LLC to
Water Oak NC Partners
Suite 300 Attn: Brad Brown,
Atlanta, Ga. 30326; 4817
Water Oak Road, Charlotte
28211, The Regency
Apartments ID 16308222,
$18,950,000.
Carolina Centers LLC/
Crescent Communities
LLC to Southeast Land
Investors LLC, 32 Niblick
Lane, Littleton, Colo. 80123,
122.23 acres ID 21731101/2
1731137/21714332/21714
333/21714401, $2,261,500.
er
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MP Winterwood LLC to
Winter Oaks NC Partners
Suite 300 Attn: Brad
Brown, Atlanta, Ga. 30326;
8625 Winter Oaks Lane,
Charlotte 28210, Aspen Peak
Apartments 22.473 acres ID
173 24103, $31,700,000.
VA Uptown LLC to CCC
Uptown Gardens LLC, c/o
Chaucer Creek Capital LLC
4601 Six Forks Road Suite
520, Raleigh 27609, Uptown
Garden Apartments 3.5876
acres ID 078-062-01,
$20,700,000.
Net Lease Portfolio II DST,
30 Seventh St. E. Suite 1300,
St. Paul, Minn. 55101, Parcel
E-1 Plat of North Lake Land
ID 02509142, $5,894,000.
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37
Providence Corp. ID 181 161
06, $695,000.
Gregory A. and Jolene Kares
to Roderick and Victoria
Groetzinger, 420 N. Poplar
St., Charlotte 28202, ID 078022-19, $660,000.
Jack A. and Peggy B. Pierce
to John W. and Kathleen
A. Fitzgerald, 18714 River
Crossing Blvd., Davidson
28036, Lot 28 Block 11
River Run ID 007-351-28,
$657,500.
True Homes LLC to Martin
B. Woodward, 6116 Sharon
Road, Charlotte 28210, Lot 2
Sharon Road ID 179-099-23,
$635,000.
Robert B. and Frances Lane
to John Andrysick and Mary
A. Knovich, 2935 Providence
Trail Lane, Charlotte 28270,
Lot 30 Providence Plantation
II ID 227-113-36, $600,000.
Robert J. Dandeneau and
Louise Gingery to Jennifer
G. and Kevin P. Fensley
Sr., 8825 Brentfield Road,
Union County
Daniel and Rhoda Yen to
Herman and Ava Sahagian,
3110 N.E. 47th St., Fort
Lauderdale, Fla. 33308; 316
Silent Meadow Court No.
3110, Marvin 28173, Lot 25
Marketplace
Shea-Hollister LLC to
Kuldeep and Dipa K.
Marada, 216 Tallow Tree
Raymond P. and Allison
M. Scardigno to George P.
Clifton and Tiffany-LitzClifton, 2062 Applebrook
Drive, Monroe 28110, Lot 20
The Brooks ID 06-027-122,
$397,000.
Pamela J. Cross to
Thomas M. Sr. and Patricia
A. Amann to Jennifer
Ghera, 908 Woodhurst Drive,
Wesley Chapel 28110, Lot
101 Wesley Woods ID 07 096
259, $340,000.
Bonterra Builders LLC to
Robert M. and Darhma
JOB OPPORTUNITIES
JOB OPPORTUNITY
Applications are now being accepted
for an experienced part time
Account Management Clerk
and Sales Representative
for an established national firm.
se
Dana and Rachelle Barlow
to Kavitha Gopisetty and
Prasad Chada, 11142 Knight
Castle Drive, Charlotte
28277, Lot 22 Cady Lake ID
229-145-22, $372,000.
True Homes LLC to Jason
Elenowitz and Mallory
Essex Homes Southeast
Inc. to Robert A. and Maria
C. Ploeger (50% interest)/
Donna M. Ploeger (50%
interest), 9017 Amsberg
Drive, Waxhaw 28173, Lot
168 Anklin Forest ID 06 192
735, $508,000.
Epcon Weddington LLC
to Charles and Janice
Lochary, 1209 Waypoint
Court, Stallings 28104; 1212
Waypoint Court, Stallings
28104, Lot 21 Courtyards at
Weddington ID 06 087 034,
$349,000.
lu
cia
er
Debra Lewis to Todd B.
Helton and Lauren Gully,
1947 Retana Drive, Charlotte
28270, Lot 138 Providence
Plantation Estates ID
22730235, $384,000.
Scurry Holdings LLC
to Kane A. Rogers and
Raminder Saluja, 13833
Hagers Ferry Road,
Huntersville 28078, metes
and bounds ID 00101491,
$335,000.
Jay and Elizabeth Camp
to Terianne K. and Janet
C. Topp, 2805 Bards Court,
Block 4 Hearthstone ID 231224-27, $312,000.
John and Mary Trojan
to Skukai Ying and Xia
Zhang, 8105 Denholme
106 Quellin ID 06 192 128,
$417,500.
m
408 Wesley Heights LLC to
Joseph and Sarah Dalton,
715 E. 24th St., Charlotte
28205, Lot 15 Block 29
Pegram-Wadsworth Land Co.
ID 083-101-03, $389,000.
LLC to David Jr. and Trisha
L. Allred, 2601 Bee Ridge
Court, Waxhaw 28173, Lot
161 Cureton, $509,500.
K. Curtis and Lou Ann
Hippensteel to Ernest H.
Dwight, 613 Carver Pond
Lane, Waxhaw 28173, Lot 9
Carver Pond at Hunter Oaks
ID 06 201 284, $425,000.
True Homes LLC to
Timothy H. and Robin S.
Niedermeier, 1007 Pine Bark
Place, Matthews 28104, Lot
57 Chestnut ID 07 147 791,
$361,000.
om
Anthony and Kirsten Short
to Jose G.C. Trujillo and
Caroline K. Celis, 5802 Bob
Bullock Loop, Laredo, Texas
78041; 2000 Euclid Ave. Unit
H, Charlotte 28203, Unit H
Tremont Place Condominiums
ID 121-067-85, $390,000.
Steven and Holly Furtick
to Thomas D. and Katie C.
Green, 11915 Jumper Drive,
Mint Hill 28227, Lot 33 The
Meadows of Mint Hill ID 197241-23, $312,000.
Shea-Hollister LLC to
Lauren McCracken, 910 Five
Leaf Lane, Waxhaw 28173,
Lot 41 Hollister ID 06 072
287, $431,000.
Bonterra Builders LLC to
Patrick J. and Suzanne P.
Burk, 5019 Tremont Drive,
Indian Trail 28079, Lot 97
Crismark ID 07-058-374,
$364,500.
rc
Meritage Homes of the
Carolinas Inc. to Albert
B. Teixeira and Mischelle
D.R. Horton Inc. to David
S. and Maha L. Gingrich,
5349 Casper Drive, Charlotte
28214, Lot 246 The
Vineyards on Lake Wylie ID
113-357-27, $394,500.
Bonterra Builders LLC
to Bradley and Kathleen
Kalkwarf, 3043 Chasbury
Park Drive, Waxhaw 28173,
Lot 48 Cureton ID 06-162618, $526,500.
Thomas C. and Verona
M. White to David A. and
Penny M. Yelverton, 7325
Mockingbird Lane, Waxhaw
28173, Tract 84 Plantation
Forest ID 06 066 118,
$435,000.
Robert W. and Nancy
K. Engel to Philip G.
Guthrie, 7319 Roseland
Ave., Charlotte 28277; 104
Hillsdale Road, Monroe
28112, Hillside Road ID
09 241 60/09 241 060A,
$365,000.
fo
Robert H. and Nancy A.
Osborn to Thomas N.
and Mary A. Taylor, c/o
Conrad Trosch & Kemmy
5821 Fairview Road Suite
405, Charlotte 28209; 166
Clemens Place, Davidson
28036, Lot 272 A New
Neighborhood in Old
Davidson ID 003-158-18,
$500,000.
James E. and Katrina D.
Maloney to Kisuk Twogood
and Jon Hawblitz, 15020
Ranson Road, Huntersville
28078, ID 017-142-25,
$403,000.
James D. and Susan M.
Stephney to Kiya Bey, 401
Hawthorne Lane Suite 162,
Browne Road, Charlotte
28269, metes and bounds ID
02710305, $315,000.
Standard Pacific of The
Carolinas LLC to John P. and
Dora S. Sestito, 900 Crooked
River Drive, Waxhaw 28173,
Lot 3 Weddington Trace ID 06
132 233, $457,000.
Jeffrey W. and Mona L. Fore
to Wladimir Alvarez, 1030
Forbishire Drive, Matthews
28104, Lot 42 Brookhaven ID
07-150-139, $365,500.
ot
YiQiang Zheng and MegLi
Wang to Ian O. Cole, 5714
Legacy Circle, Charlotte
28277, Lot 64 Country
Club View ID 229-191-42,
$505,000.
David and Tammy Oldham
to Travis Tyndall and Erin
Callahan, 15512 Aberfeld
Road, Huntersville 28078,
Lot 112 Block 5 Northstone
ID 001-205-28, $409,000.
NEI Global Relocation Co. to
Stefan and Ivena Thommen,
2038 Weddington Lake Drive,
Forest Preserve, $536,500.
Charles H. Jr. and Rebecca
M. Tyndall to Munan Li,
1317 Grayscroft Drive,
Waxhaw 28173, Lot 34 Block
4 Hunter Oaks ID 06 201 866,
$460,500.
James M. and Lorrie
Hibbard to Andrew and
Cara Cox, 2001 Greenbrook
Parkway, Matthews 28104,
Lot 1 Providence Woods
South ID 06 120 035,
$367,000.
-N
Standard Pacific of The
Carolinas LLC to Lisa and
Scott Smith, 18035 Pawleys
Plantation Lane, Charlotte
28278, Lot 68 Bear Creek at
the Palisades ID 21719343,
$519,000.
Ashleigh Anderson to
William and Rebekah
Stephens, 229 N. Canterbury
Road, Charlotte 28211, Lot
2 Block L Wendover Hills ID
157-084-06, $410,000.
Ralph A. and Lorna K.
Peterson to Paul S. and
Shara E. Vigil, 1004 Groves
Edge Lane, Marvin 28173,
Lot 225 Marvin Creek ID06222-238, $562,000.
ls
George A. Richardson to
Devin J. Schwartz, 4236
Old Course Drive, Charlotte
28277, Lot 146 Piper Glen ID
225-412-12, $520,000.
Meritage Homes of the
Carolinas Inc. to Frank
L. and Debra A. Cantrell,
16439 Bastille Drive,
Montreux ID 21729210,
$418,000.
Tamara B. Ridenour fka
Tamara Brainerd and
James R. Ridenour Jr. to
Andrew and Josie Sanctis,
1907 Wandering Way Drive,
Block 9 Woodbridge ID 187315-04, $320,000.
na
John P. and Ashleigh
T. Levesque to John D.
Morrison Jr. and Amanda
S. Thornhill, 630 Edgemont
Road, Charlotte 28211, Lot
12 Edgemont ID 183-09105, $530,000.
Sarah C. Withrow Trustee
to Brian N. and Talisha P.
Middleton, 6717 Larrisa
Court, Charlotte 28226, Lot
9 Green Park ID 211-281-33,
$418,000.
Felix R. Muniz to Scott T.
and Angela H. Aman, 9212
Skipaway Drive, Waxhaw
28173, Lot 313 Providence
Downs ID 062-04-170,
$655,000.
True Homes LLC to Derek
D. and Stacia Leatherwood,
4000 Paul Rose Lane,
Sanctuary at Weddington
ID06-066-290, $499,000.
Annamarie Joseph, 3019
Savannah Hills Drive,
Providence Hills ID 07 144
286, $393,000.
ur
Grandfather Homes Inc. to
Boyd and Elaine Russell,
18304 John Connor Road,
Cornelius 28031, Lot 4
Connor ID 00173163,
$542,000.
John D. and Anne Williams
to David and Mary N.
Williams, 2933 Sunset Drive,
Block 5 Devonshire ID 149091-01, $440,000.
Knotts Development
Resources Inc. to Michael P.
and Angie C. Bianco, 9903
Veramonte Court, Charlotte
28227, Lot 34 Irongate ID,
$320,000.
Court, Waxhaw 28173, Lot
134 Hollister ID 06-072-262,
$507,500.
Jo
Joel Milne to John C. and
Elizabeth N. Lewis, 830 E.
Park Ave., Charlotte 28203,
Lot M Block 31-A Dilworth ID
123-115-18, $545,000.
EHB Lots LLC to Andre F.
and Melissa D. Steadman,
139 Boyce Road, Charlotte
28211, Lot A13 Charndon
Village ID 189-272-13,
$445,500.
Henry and Billie G.
Ausdenmoore to
Christopher J. Frohling
and Courtnei S. Kellar,
19744 Valiant Way, Cornelius
28031, Lot 10 Block 2
Bluestone Harbor ID 001692-39, $335,000.
Thomas B. and Dedee
L. Black to Kevin and
Catherine Westervelt, 6004
Stanbury Drive, Matthews
28104, Lot 242 Brookhaven
ID07-150-204, $655,000.
ss
Elki Design LLC to Matthew
P. and Jessica E. Erbacher,
2420 High Ridge Road,
1 Providence Plantation ID
22710520, $545,000.
Bungalow 626 Homes LLC
to Kristina Christopher,
15738 Laurel Oak Crescent,
Davidson 28036, Lot 23 The
Woodlands at Davidson ID
00716273, $449,000.
Marcus L. Yeakley and
Florence P.M. ErgleHenry to Michelle M. and
Jonathon M. Simpson,
5128 Bright Road, Charlotte
28214, Lot 3 Block A Star
Harbor Development ID 113073-03, $335,000.
US Bank NA Trustee to
Jackie and Lisa Holmes,
10812 Dungarvon Court,
Arlington Oaks Drive,
Charlotte 28227, Lot 20-C
Arlington Oaks ID 13928149,
$321,000.
ine
William J. and Janice
E. Williamson to Daniel
and Stephanie Bowen,
3041 Cutchin Drive,
Mountainbrook ID 209-06325, $549,000.
Clayton S. Curry Jr. and
Monta Maki-Curry to David
A. Sobul, 215 N. Pine St. Apt.
4702, Charlotte 28202; 2822
Briarcliff Place, Charlotte
28207, Lot 1 Briarcliff ID
153-105-99, $450,000.
Bobby and Ethel M. Britton
to Timothy R. Jr. and Hayley
S. Moody, 4516 Emory Lane,
1 Corinthian Place ID 157195-23, $340,000.
Bradford G. and Debra L.
True to Richard C. and Tina
Phalen, 1301 Rosehill Drive,
Waxhaw 28173, Lot 23 Oak
Grove Farm ID 06-030-023,
$810,000.
us
Robert R. and Janice P.
Wetteroff to Brian K. and
Elizabeth M. Neligan, 8523
Brownes Pond Lane, Charlotte
28277, Lot 15 Rosecliff ID
225-071-32, $559,000.
John W. and Karen A.
Gledhill to Neil Hapangama
and Anita Jothy, 9131
Kalanchoe Drive, Matthews
28105, Lot 50 Block 1
Sardis Point ID 213-033-86,
$460,000.
Corbin Jennings/Julia
Claiborne to Sam A. and
Taylor W. Kiser, 3629 Severn
Ave., Charlotte 28210, Lot 5
Block 4 Beverly Woods ID 179
075 04, $340,000.
Marvin Creek ID 06-222-099,
$896,500.
Erickson/William and Irene
Erickson, 13010 Claudel
Court, Davidson 28036, Lot
88 Bradford ID 007-272-50,
$326,000.
B
ty
Ci
Jon B. and Katherine A.
Miller to Lowell E. II and
Andrea L. Pugh, 1609
Bardstown Road, Charlotte
28210, Lot 13 Block 1
Providence Springs ID 211643-16, $560,000.
William P. Kidd to Daniel
E. Austin, 428 E. Kingston
Ave., Charlotte 28203, metes
and bounds ID 013-201-03,
$473,500.
Mitchell Investment
Properties LLC to Ryan M.
and Lauren C. Cook, 625
Fallbrook Lane, Clarksville,
Tenn. 37040, Lot 2 Block C
Sherwood Forest No. 2 ID
185-155-26, $356,000.
n
Stanley G. and Susan C.
Parrish to Keith E. and
Denise C. Napier, 9739
Linksland Drive, Huntersville
28078, Lot 90 Skybrook ID
02111404, $572,500.
William K. and Catherine N.
Hensley to Terence Vanecek
and Nicole M. Sikora, 4217
Stewart Ridge St., Charlotte
28277, Lot 36 Highlands at
Piper Glen ID 22505109,
$475,000.
E. Thomas Watson and
Susan Bartlett to Katherine
F. MacArthur, 8315
Ballantray Place, Charlotte
28269, Lot 14 Sweetwater ID
027-222-21, $360,000.
ica
Eric J. Vanetti Trustee/
Elizabeth A. Janak Trustee
to Albert G. III and Lisa
S. Dietz, 5461 Hawthorn
Trail, Littleton, Colo. 80125;
18632 River Crossing Blvd.,
Davidson 28036, Lot 31
River Run ID 007 35 131,
$577,000.
Gideon C. and Anne S.
Moore to Kimberly M.
Patterson, 1325 Manicott
Drive, Matthews 28105,
Lot 41 Mallory Manor ID
22736239, $488,000.
Huntersville 28078, Lot 120
Birkdale ID 009-435-05,
$360,000.
er
Am
Pulte Home Corp. to Marc
L. and Shari J. Sokolowicz,
1017 Gray Oak Lane,
Oak Manor ID 22706108,
$597,000.
K. Renter-Teixeira, 13335
Crystal Springs Drive,
Huntersville 28078, Lot 139
Mirabella ID 01922227,
$493,000.
This exciting position requires only two to three hours
daily and pays up to thirty five hundred dollars a month,
plus benefits! The ideal candidate has accounts receivable
and sales experience, excellent communication skills and a
positive attitude. Good computer skills and a solid knowledge
of Microsoft Office products are also required. If you’re
interested in this exciting and lucrative job opportunity,
please send your resume to: [email protected]
Robinson, 2025 Dunwoody
Drive, Indian Trail 28079, Lot
342 Crismark ID 07 058 482,
$329,000.
Eastwood Construction LLC
to Carmen C. and Steven D.
Schmotzer, 5503 Marchetti
59 Shannon Vista ID 060-54568, $319,000.
Epcon Weddington LLC to
Charles V. and Patricia P.
Williams, 1204 Waypoint
Court, Stallings 28104, Lot
16 Courtyards at Weddington
ID 06 087 029, $310,000.
RR State
tax liens
Mecklenburg County
9999 Computer Network
Solutions LLC, 9211 N.
Tryon St., Charlotte 28262,
$15,218, (Sales & Use), case
#15 M 743, 01/28/15.
The Cleaning Specialist Inc.,
14922 John J. Delaney Drive,
Charlotte 28277, $56,434,
(Withholding), case #15 M
754, 01/28/15.
Pennsylvania Wood
LLC, 8620 Monroe Road,
Charlotte 28212, $13,333,
(Withholding), case #15 M
842, 02/03/15.
Union County
Goff & Demello LLC, 15060
Idlewild Drive Suite 1,
Matthews 28104, $12,122,
(Sales & Use), case #15 M 82,
01/26/15.
Stephen R. Harold, 3906
Faith Church Road, Indian
Trail 28079, $24,170, (Sales
& Use), case #15 M 83,
01/26/15.
VIEWPOINT
Send letters to the Charlotte Business Journal
550 S. Caldwell St., Suite 910 Charlotte, NC 28202
[email protected]
The Charlotte Business Journal welcomes letters to the editor
SHORTCHANGED
FUNDING THE TRANSPORTATION NETWORK
Lack of funding
turns courts into
assembly line
North Carolina can’t afford to wait
BAU
in billions
$600
This chart shows
the impact on N.C.
business revenue
under three
scenarios: Business
as usual, meaning no
change in state road
funding; maintaining
the current system;
and improving
infrastructure to
keep up with growth.
Maintain
Improve
$367.4
$226.1
$400
$200
$0
-$200
-$400
-$382.7
-$600
-$621.9
-$800
2015
SOURCE: NC CHAMBER
2020
2025
2030
2035
2040
n
ica
ss
ine
us
B
ty
Ci
We appreciate the proposed
legislation in the General Assembly
to address this fluctuation by
setting a floor to ensure consistent
transportation revenue in the shortterm. This provides the transportation
network with funding predictability,
and it takes an important step to
relieve immediate stress on current
infrastructure needs. Not only is this
necessary for projects, but it’s highly
critical for jobs that could be negatively
impacted by the thousands if nothing
is done.
The N.C. business community
widely recognizes the inextricable link
between transportation, business and
jobs. Transportation has vast financial
impacts on our state’s companies, small
and large — from their ability to manage
inventory and cash flow, to business
and location modeling, to supply-chain
performance.
That’s why the NC Chamber and
the statewide business community
are taking a leadership role to address
this critical issue for our state and our
future. Providing a solvent and stable
transportation system will not only
prepare the state for growth, but it
will also promote statewide economic
activity.
The NC Chamber Foundation
ot
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cia
er
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om
rc
se
R BUSINESS
ls
na
ur
Jo
N.C. Rep. Gale Adcock is a
Democrat from Wake County.
WHICH ROAD?
er
Am
Every day across
North Carolina,
thousands of our
citizens trek to
a courthouse to
interact with our
state’s judicial
system. Whether
Gale
it’s to pay off a
Adcock
speeding ticket,
collect on a bad check, get a
divorce or settle a dispute, our
citizens see long dockets, the lack
of personnel and an outdated
information-technology system.
These are the consequences
of underfunding our courts. Our
court system is an equal branch of
state government, and the General
Assembly should treat it as such.
In Wake County, more than
1,000 cases a day are heard,
stressing the state prosecutor,
the judges and the clerk of court.
District court is more like an
assembly line than a system of
justice that everyone deserves.
Last year, the Raleigh Police
Department got a grant to crack
down on drunk driving. The
program was an enforcement
success, taking more than 2,000
suspected drunk drivers off our
streets. Those drunk-driving cases
are pending in court, where the
district attorney doesn’t have the
prosecutors needed to try them.
Information technology is
another issue. The file-retrieval
system in most clerk of court
offices uses software from the
1980s. Citizens trying to access
information often face delays
because of an antiquated system.
When a Superior Court Judge
in Lincoln County turns to his
desktop computer during court,
he can’t see an entire profile of a
criminal defendant. The judge sees
silos of unconnected information
that too often don’t give him the
entire picture he needs to make
sure a dangerous individual is not
released.
Making needed changes will be
expensive, but we fail ourselves if
we fail our courts. It’s time for the
legislature to work with the chief
justice and the Administrative
Office of the Courts to provide
funding to bring our courts into
the 21st century.
North Carolina’s transportation
infrastructure is one of our state’s
most important
assets, touching
every citizen in
one way or another
through its impact
on safety, quality
of life, economic
development and
daily commerce.
However,
Lew
North Carolina is
Ebert
heading toward
a transportation
crisis with declining funding
sustainability, growing population,
aging roads and bridges and other welldocumented needs. If we do not act,
North Carolina will no longer be able
to ensure the safety and efficiency of its
transportation network.
Deficient roads and bridges and high
congestion cost drivers in the state $6.5
billion annually in additional vehicleoperating costs, lost time and wasted
fuel. Even more alarming, 30% of the
bridges in the state are structurally
or functionally obsolete, and North
Carolina ranks second nationally for the
most non-interstate traffic deaths. And
the problem won’t get any better or go
away as we add 3 million residents over
the next 15 years.
On top of these major safety and
congestion concerns, the long-term
funding situation is dire. North
Carolina has identified $65 billion
in infrastructure needs to simply
maintain and upkeep the current
system. The motor-fuels tax provides
70% of transportation revenue to the
state. However, the fluctuation in this
tax makes funding for transportation
infrastructure volatile and unsustainable
in the future. With the status quo
approach, transportation revenue
will begin declining by mid-2015 by
hundreds of millions of dollars annually.
PULSE SURVEY
THIS
WEEK’S
QUESTION
58%
YES
HAS DUKE
ENERGY DONE
A GOOD JOB
RESPONDING TO
THE DAN RIVER
COAL-ASH SPILL?
Lew Ebert is president and CEO of the
NC Chamber and can be reached at
919-836-1407 or lebert@ncchamber.
net.
R WHAT
NO
WE ASKED
commissioned a study that shows
for every $1 billion in additional
transportation investment in our state,
we will generate 14,300 jobs, $10.3
billion in additional wages and $10.8
billion in additional gross state product
annually. That is an annual 10 to one
return on investment for short- and
long-term economic activity.
In addition to highlighting the
benefits of long-term infrastructure
investment, it also shows the negative
consequences of inaction. The study
identifies 16 options for alternative
funding methods, and doing nothing
is not one of the recommendations. As
you can see by the red line in the graph
above, business as usual is actually a
decision for economic decline, job loss
and reduced output — outcomes the NC
Chamber and the business community
refuse to accept.
This year must be a year of action,
where our elected leaders make a
decisive long-term commitment to
securing our state’s future.
It is clear that North Carolina can’t
afford to wait.
36%
NOT SURE
6%
IS THERE
TOO MUCH
CHARLOTTE
VS. RALEIGH
COMPETITION?
DO YOU THINK?
We want to hear your opinion on the
issues you read about in the Charlotte
Business Journal. Submit letters to the
editor to CharlotteBusinessJournal.
com or call Assistant Managing Editor
Steve Cranford at 704-973-1122 with
questions.
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news story you’re writing about. No
anonymous letters will be printed. All
submissions become the property of
the Charlotte Business Journal and
will not be returned. Submissions may
be edited and may be published or
otherwise used in any medium.
39
FEBRUARY 20, 2015 READERS GUIDE
R PEOPLE
IN THE ISSUE
ABC
Broadway, Olin.......... 18, 22
Chung, Yoke......................7
DEF
Deng, Yi..........................22
Eikeland, Jostein..............11
Elias, Ric.........................18
Freyer, Allan......................6
GHI
Gray, Michael.....................8
Haley, Nikki.......................7
Halfacre, Aaron..................3
Harrison, Venessa............24
Higgs, Clyde......................6
Isenhower, Randy...............7
JKL
Mannava, Srini.................21
McArthur, Jason...............13
Peters, Bob........................4
Praeger, Michael..............20
Pruitt, Mike.......................3
Raiford, Brooks................22
Ranson, Craig..................10
Roberts, Curtis................10
Rogers, Bill......................14
Rothwell, David.................4
STU
Schaaf, Chris....................12
Singleton, Brian.................7
Smith, Bruton..................26
Smith, Marcus.................26
Swope, Troy.......................7
Tran, Haley........................4
VWXYZ
Wheeless, Randy................3
Whitfield, Fred...................8
Wozniak, Steve................17
Wright, Rudy.....................7
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Assembly to support “game-changing” research
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ADVERTISING DIRECTOR: Jason A. Christie
704-973-1125, [email protected]
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MANAGING EDITOR: David Harris
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ot
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Shaw Pittman..................11
Shaw Power Group...........11
Silver Lake Partners.........18
Snyder’s-Lance..................6
Speedway Motorsports.....26
SunTrust Banks................14
Technekes.......................12
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UNC Charlotte........... 18, 22
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Peak 10..................... 17, 22
Piedmont Medical Center...5
Pillsbury Winthrop Shaw
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Polished Nail Bar................4
Red Ventures...................18
von Drehle Corp.................7
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MetLife.............................6
Mission Properties...........13
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NuScale Power.................10
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Giti Tire Group...................7
Google Fiber....................24
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Babcock & Wilcox.............10
Bank of America...............14
Beacon Partners...............12
Cabela’s............................4
Campus Crest....................3
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Chanticleer........................3
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Whitney Shaw, CEO; Ray Shaw, Chairman (1989-2009)
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Charlotte Business Journal`s

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