NAI Earle Furman, LLC

NAI Earle Furman, LLC
4th Quarter 2011 Newsletter
NAI Earle Furman Represents Anchor Tenant at ONE in
Downtown Greenville
Earle Furman, SIOR recently represented Haynsworth, Sinkler, Boyd, P.A. in
leasing a 41,758 SF office space at ONE.
ONE will be a $100 Million, 375,000 SF mixed use development located
in downtown Greenville. Construction of the project began recently with
completion expected in 2012. Certus Bank and Anthropologie are among
the other anchor tenants that will join Haynsworth, Sinkler, Boyd, P.A.
“Our firm has spent approximately two years working toward our lease
at the ONE development. Earle has guided us carefully, calmly, and
professionally through the maze of decision making that was required
to get to that point. He helped us explore options and kept us fully informed as we made decisions. We are thrilled to
have accomplished what we have and very much appreciate Earle’s help in doing so,” said Anne Ellefson, Shareholder at
Haynsworth, Sinkler, Boyd.
SCOTT JONES AND STUART WYETH NAMED SHAREHOLDERS AT NAI EARLE FURMAN
NAI Earle Furman proudly announces that Scott Jones, SIOR and Stuart Wyeth have been named Shareholders at the firm.
“Scott and Stuart have demonstrated a true commitment to our firm and the profession as a whole. All of the existing
Shareholders and I are thrilled to recognize them both with this promotion,” said Earle Furman, Chairman of NAI Earle Furman.
Scott graduated from the University of Georgia prior to joining NAI Earle Furman as a commercial office
specialist. Scott specializes in commercial office sales and leasing in the Central Business District and the
suburbs of Greenville. Additional emphasis is placed on working with office properties located in the Pelham
Road corridor and also the disposition of income producing properties. Between 2007 and 2011, Scott and
his team completed 209 transactions accounting for $42,000,000 in transaction volume. Scott became an
active member of The Society of Industrial and Office Realtors (SIOR) in 2003. Scott has over 16 years of office
brokerage experience that are a true asset to the firm.
Stuart began his association with NAI Earle Furman in 2005 while completing his master’s degree in City
and Regional Planning at Clemson University. Upon graduation, Stuart rapidly excelled in office leasing and
sales, working in all aspects of office property advisory and brokerage services with an emphasis on landlord
representation. Today, Stuart and his team currently handle an office and warehouse portfolio of over 1,000,000
square feet for various local, regional and institutional property owners. Between 2008 and 2010, Stuart and
his team completed 242 lease and sales transactions accounting for $63,000,000 in transaction volume,
despite the difficult economic climate. Since 2008, Wyeth has been recognized by NAI Earle Furman for completing the most
transactions per year at the firm and is consistently a top producer.
Committed to the Upstate. Connected to the World.
Industrial Division News
nai earle furman Announces the
retirement of dave reeves
NAI Earle Furman announces the retirement
of industrial broker, Dave Reeves. Reeves
joined the company in 1988 and specialized
in industrial sales and leasing with a focus
on textile related properties. Prior to joining
NAI Earle Furman, he earned both his B.S.
Degree and legal education from St. Louis
University and served as a Director of Real
Estate for Ralston Purina Company, as well as J. P. Stevens &
Company and as President of IDRC.
During his time at NAI Earle Furman, he was involved in a wide
array of transactions including sales of textile and textile related
properties in excess of $100,000,000. Reeves became a
principal with the firm in 2005 and offered a wealth of knowledge
and experience.
“Dave has served this company well over 20 years and has
contributed much by virtue of his vast experience as Director
of Real Estate for both Ralston Purina and JP Stevens. His
leadership as a shareholder of NAI Earle Furman will surely be
missed,” said Earle Furman, Chairman and Broker-in Charge of
NAI Earle Furman.
2118 Farrs Bridge Road Easley SC
Property Details
• Exceptional Quality – Built in 2000
• 15,000 SF on 1.68 +/- Acres
• Additional Land Available for Expansion
• 16’ Eave Height 22’ Center Height
• Two (2) 8’ x 8’ Loading DocksTwo (2) 12’ x 12’
Drive-Ins
• 600 Amp, 3 Phase Power
• Up to 4,800 SF Office
• Sale Price: Reduced to $595,000.00
Contact Information: Glenn Batson
tel: 864 678 5937
email: [email protected]
recent transactions
Greenville, South Carolina: Earle Furman, SIOR, Jon A. Good, SIOR and Alexi Papapieris represented the owner of 1290
Ridge Road in selling the 63,600 SF industrial property. The property was purchased by Image Investments Inc. for
$2,995,000.
Spartanburg, South Carolina: Jon A. Good, SIOR and Earle Furman, SIOR represented Beresford Box Company, Inc. in
selling a 54,000 SF industrial facility located at 5405 North Blackstock Road in Spartanburg. The facility was purchased by
Nemato Composites USA, LP for $1,200,000.
Mauldin and Duncan: Grice Hunt, Ford Borders, SIOR and John Staunton represented the landlord in leasing a 95,000
SF warehouse space in the Trinity Commerce Center located at 1312 Old Stage Rd, Simpsonville. Hunt and Borders also
represented Fehrer Automotive in leasing a 93,971 SF industrial space located at 1825 E. Main Street in Duncan.
Committed to the Upstate. Connected to the World.
Office Division
Group News
News
nai earle furman brokers MAJOR OFFICE RENEWAL
Stuart Wyeth, a top producing office broker at NAI Earle Furman, represented OZRE
Greenville in the long term lease renewal of General Electric’s 66,000 SF office lease
located at Park Central Office Park. General Electric will continue to occupy the space
for their engineering offices.
Park East and sister property Park Central make up a 564,844 square feet office
portfolio. Wyeth has been the exclusive listing agent at Park East and Park Central
since 2006 and has increased occupancy of the portfolio by 20%.
OFFICE BUILDING FOR lease 300 east coffee street, downtown greenville
Property Details:
• ±4,200 SF Free Standing Building
• 10 On-Site Parking Spaces Available for Lease
• Walking Distance to Main Street
• Directly Across the Street from Future Federal Courthouse Site
• Additional ±1,500 SF Available in Basement at No Extra Charge
• Lease Rate: $14.00 NNN
Contact Information: David Feild, CCIM and Tyson Smoak
tel: 864 232 9040 or email: [email protected]
recent transactions
Greenville, South Carolina: Stuart Wyeth represented the seller of 205 East Broad Street in selling a 4,391 SF office building.
The property is located in downtown Greenville and was purchased for $670,000.
Greenville, South Carolina: Hunter Garrett, CCIM, SIOR represented Brown Street, LLC in leasing a 4,820 SF office space
located at 115 North Brown Street in downtown Greenville. The space will be home to Green Cloud Technologies, an IT and
telecommunications company.
Anderson, South Carolina: Tim Roller represented Duke Energy in selling a 15,600 SF office building located at 200 Bleckley
Street in Anderson. The property was purchased by Anderson Universtiy for $350,000.
.
Committed to the Upstate. Connected to the World.
Retail Division News
Mixed-use development
Coming to washington street
in downtown Greenville
reCENT TRANSACTIONS
Laurens, South Carolina: Harry Croxton and Jon A. Good,
SIOR of NAI Earle Furman, LLC represented The Palmetto
Bank in selling a 30,800 SF retail property located at 109
Honey Bee Lane in Laurens. Piedmont Technical College
purchased the property for $460,000.
Greenville, South Carolina: Glenn Batson of NAI Earle Furman
represented the owner of the former Gene’s Restaurant
in selling the property located at 527 Buncombe Street in
Greenville. The property was purchased for $530,000.
100 East Property Details
• Located at 100 East Washington Street in
Greenville’s Vibrant Downtown
• Completion to the Bookends Mixed Use
Development
• Heavy Pedestrian Traffic
• Zoned C-4 Greenville City
• Convenient Parking in Adjacent Garage
• Estimated Completion 3rd Quarter of 2012
• Units can be Subdivided
• Lease Rate: $17.50/SF NNN
• Learn More: www.100east.net
Contact Information:
Ted Lyerly, CCIM & Jimmy Wright
tel: 864 232 9040
email: [email protected]
just listed - tuckers retail center
for sale or lease
3501 Clemson Blvd - Anderson, SC
Property Details
• ±33,000 SF Shopping Center
• ±1,200 SF
• ±3,000 SF
• Dedicated Turn Lane
• Pylon Signage
• On the Corner of the New East West Connector Intersection
• Traffic Count – 31,900 VPD
• Lease Rate: $15.00/SF NNN
• Sale Price: $5,000,000
Contact Information:
Tim Roller
tel: 864 678 5989
email: [email protected]
Committed to the Upstate. Connected to the World.
Investment Division News
332 south pleasantburg drive
greenville, sc
Contact Information:
Peter Couchell, CCIM
tel: 864 232 9040
email: [email protected]
Property Details
• Tenant: Burger King Franchisee
• Established & Seasoned
• Multi-Unit (7) Franchisee with Over 45 Years of Experience
• 20 Year Absolute NNN Lease (17 Years Remaining)
• High Traffic Area (21,200 VPD)
• Located Near Publix & Greenville Technical College (over 21,000
Students)
• Free & Clear of Debt
• Situated on ±1.5 Acres
• 100% Occupancy Rate
• NOI: $108,000
• Cap Rate: 7.50%
• Sale Price: $1,440,000
332 south pleasantburg drive
greenville, sc
Property Details
• Tenant: Affordable Dentures
• Affordable Dentures is the first affiliated dental practice which
opened in 1975 & currently has 120 practices in 33 states.
The lease guarantor is Affordable Care who has a net worth
in excess of $220 million.
• NNN Lease with CPI Increases every 5 Years
• Lease Expires 6/30/2020
• High Traffic Area (20,100 VPD)
• Located off of I-85 (Exit 46B)
• Situated on ±1 Acre
• ±4,400 SF Freestanding Building
• Year Built: 2008
• 100% Occupancy Rate
reCENT TRANSACTIONS
• NOI: $96,546
Spartanburg, South Carolina: Peter Couchell, CCIM and Jimmy Wright
• Cap Rate: 8.10%
represented the owner of 1490 W.O. Ezell Boulevard in selling the
• Sale Price: $1,191,926
7,200 SF retail property. The property was purchased by an investor for
• Contact Agent for Marketing Package
$2,460,200.
Contact Information:
Peter Couchell, CCIM
Travelers Rest: Peter Couchell, CCIM represented the buyer in
tel: 864 232 9040
purchasing an 11,000 SF retail investment center in Travelers Rest. The
email: [email protected]
property was purchased for $1,640,000.
Committed to the Upstate. Connected to the World.
Giving Back to the
Community
united way of greenville county
NAI Earle Furman participated in the annual United Way campaign raising $31,411. As an incentive
for exceeding the company goal, the company will be treated to a paint ball outing!
Industrial broker, Grice Hunt and Property Manager, Brendan Gower also participated in the United
Way Loaned Executive program this year.
The Boys Home of the South &
Huff Creek Properties
Rusty Hamrick and Drew Stamm of Huff Creek Properties (NAI
Earle Furman Land Division) organized a Youth Archery Program
for the Boys Home of the South.
The Boys Home of the South is a non-profit, nondenominational, residential group home dedicated to the care,
education, and nurturing of young men ages 6 to 21 years old.
AJ Wittenburg elementary
Office Division broker, Stuart Wyeth recently
spent time with a group of 2nd and 3rd
graders at AJ Whittenburg Elementary school
in Greenville. Stuart taught them about his
career and why staying in school is important.
Afterwards, they used Legos to build office
buildings!
Miracle hill renewal center
Valerie Robertson of NAI
Earle Furman and other
members of the group
“The Helping Hands”
held a clothing drive
for Miracle Hill Renewal
Center. The event
supplied winter clothes,
shoes, purses and
jewelry to 22 women in
need.
Committed to the Upstate. Connected to the World.
Company News
TWO NAI EARLE FURMAN BROKERS RECEIVE THEIR CCIM DESIGNATION
NAI Earle Furman proudly announces that Keith Jones and John Baldwin have received the prestigious
CCIM designation.
A CCIM (Certified Commercial Investment Member) is a recognized expert in the commercial and
investment real estate industry. A CCIM is part of a global commercial real estate network with
members across North America and more than 30 countries. This professional network has enabled
CCIM members to close thousands of transactions annually, representing more than $200 billion
in value. As a result, the experts who possess the CCIM designation are an invaluable resource for
commercial real estate owners, investors, and users. Over 15,000 commercial real estate professionals
have earned the designation.
Keith Jones joined NAI Earle Furman in 2005 and is a member of the Office Division. John Baldwin
joined NAI Earle Furman in 2003 and is a member of the Industrial Division.
NAI Earle Furman has the most CCIM members per office in South Carolina - the knowledge and experience of our nine
members is evident as they are leaders in the firm and top producers year after year.
JOHN POWELL JOINS
NAI EARLE FURMAN
BROKERAGE
DIVISION
John Powell recently joined
NAI Earle Furman as a broker
in the Anderson market. Prior to joining NAI
Earle Furman, John was the Vice President and
Director of Commercial Services at Coldwell Banker
Commercial in Anderson.
Prior to his full time career in commercial real
estate, John was the Real Estate Manager/Project
Coordinator for Lamar Outdoor Advertising, one of
the largest billboard companies in the country.
As a CCIM designee with over 11 years experience
in commercial real estate and investment properties
he will be a valuable asset to the NAI Earle Furman
team.
Ford Borders, Principal and Industrial
Division Broker, recently received his
20 year membership pin from SIOR and
was recognized accordingly at the SIOR
International Fall Convention held last
month in Chicago.
The Society of Industrial and Office
REALTORS® (SIOR) is the world’s leading industrial
and office real estate brokerage association.
Ted Lyerly, Retail Division Broker, has
recently been elected to serve as
Treasurer for the SC CCIM chapter for
2012.
Committed to the Upstate. Connected to the World.
AboutAbout
Us Us
Founded by J. Earle Furman in 1986, NAI Earle Furman, LLC has become a leading full service commercial real estate brokerage
firm in the Upstate of South Carolina specializing in the office, industrial, investment and retail sectors. NAI Earle Furman, LLC
offers a wide range of services through brokerage and property management groups. A partnership with NAI Global allows NAI
Earle Furman, LLC to access a network of worldwide real estate connections and offer international commercial real estate
services to Upstate clients, while retaining local personality and knowledge. The firm has 50 team members and in the past three
years the firm has completed an average of 340 transactions per year. The property management team has grown exponentially
in recent years and manages over 5 million square feet of commercial space in North and South Carolina.
Brokerage Services
• Tenant Representation
• Landlord Representation
• Market Analysis
• Site Selection
• Lease Versus Own Analysis
• Due Diligence Consulting
• Lease Review and Renewal Services
• Tax Deferred Exchanges
• Development
• Land Acquisition and Disposition
Find
Property Management services
• Formal property inspections each month with a copy of the inspection report
included in the monthly report
• Face-to-face monthly meetings with each tenant to identify and address tenant
needs
• Fast and effective response to tenant needs, repairs and maintenance
requests
• Continual evaluation of vendor contracts and services to insure the best results
and fair pricing
• Thorough review of all operational invoices prior to payment
• Annual budget submission with periodic reports which provide monthly and
year-to-date tracking of operational expenses
• After-hour emergency response to urgent problems
• In-house maintenance services with a team of technicians that is second to
none as it relates to customer service, skilled maintenance care, fair pricing
and trust
Stay Connected
Us, Friend Us, Follow Us
www.naiearlefurman.com
join our email list!
Visit the home page of naiearlefurman.com and
click opportunity mailing list to receive investment
opportunities and quarterly market reports.
101 East Washington Street Suite 400
Greenville, South Carolina 29601
tel 864 232 9040
fax 864 235 4300
www.naiearlefurman.com
Committed to the Upstate. Connected to the World.