NAI Earle Furman, LLC
Transcription
NAI Earle Furman, LLC
NAI Earle Furman, LLC Newsletter In this Issue Property Management Continues to Grow p2 Industrial Division News p3 Office Division News p4 Retail Division News p5 Investment Services Group News p6 Multifamily Division News p7 Community Involvement p 8-9 About Us p 10 September 2012 UPSTATE, SC MARKET REPORTS - NOW AVAILABLE! CLICK HERE TO VIEW THE COMPLETE REPORTS The industrial market continues to grow stronger as we begin the second half of the year. The steady flow of economic development announcements are a good indicator that not only is the commercial real estate market continuing to improve, but the economy is beginning to experience healthy growth as well. The resurgence of activity has led to a healthy cycle of steady sales and leasing as companies continue to expand and grow. Another good market indicator is the return of investors buying stabilized income producing assets, which has been missing in the market for the past few years. The biggest problem for the industrial sector is available space, especially higher quality space, which will hopefully lead toward some opportunities for build to suit projects, the next step in a healthy business cycle. - Grice Hunt, Industrial Division Broker For the first half of 2012 we have seen a rise in retail activity in the Upstate market. We are still seeing a big push from the gasoline companies in the Upstate. Spinx and Quik Trip are continuing to build top of the line stores all over the area. We will continue to see this sector grow for the rest of this year and on into 2013. The dollar chains such as Dollar General and Family Dollar have also continued their search for holes in the market. Dollar General is expected to open an additional 600 stores nationwide in 2013. The downtown market has continued to flourish with the addition of several new restaurants including Breakwater and Mac’s Speed Shop. These additions have helped continue the sprawl of downtown towards the West End. The heart of Main Street has seen project One taking shape. Among the key tenants is retailer, Anthropologie who will occupy 9,500 square feet of main level space. Looking forward we expect to see a rise in new development and should see a decrease in vacancy rates with rental rates remaining steady. - Jake Van Gieson, Retail Division Broker The first half of 2012 has seen a slow and steady recovery in the Office sector. The average rate at the end of the quarter decreased slightly and the trend of positive net absorption remained in tact. The positive net absorption pushed vacancy down to 9.5%. Much of the positive absorption came from the Greenville suburban area with large move-ins such as Aimco (26,768 SF at Patewood) and Diabetes Care and Education (20,240 SF at Park East) In Greenville’s CBD all eyes are on project One taking shape along Main Street with the first office tenants moving in early next year. Also downtown, The Landmark building welcomed new tenants, GSA (14,114 SF) and Windstream (40,195 SF). Committed to the Upstate. Connected to the World. 1 Property Management Continues to Grow NAI Earle Furman’s Property Management division has added nine new properties to its management portfolio so far this year, continuing its recent growth. The latest additions to the company’s management portfolio are 29 North Academy St., 1417 Laurens Rd., and 200 N. Main St., all of which are located in or near downtown Greenville. The North Academy property is the home of the Center for Developmental Services, while the other two locations are retail in scope. The three most recent additions have added approximately 45,000 square feet to NAI Earle Furman’s management portfolio, bringing the total number of square feet under the management of the company to nearly 5.2 million. “We are extremely pleased to have the opportunity to manage these properties. CDS is an amazing partnership of 6 organizations all under one roof which collectively serve almost 5,000 families through expert diagnosis and treatment of developmental problems. To have the honor of working with the incredible staff at CDS is a wonderful experience for our firm. We are also very excited to have the opportunity to manage 200 N. Main, which serves as the home of the newly opened Charleston Cooks store, and 1417 Laurens Rd., a retail center with six separate tenant suites,” stated Bill Weede, Principal and President of the Property Management division. In addition to Weede, the property management team at NAI Earle Furman includes Brent Illingworth, division Vice President; Leanne Jaskwhich, CPA, Controller; and a team of four property managers, two lease administrators, a property management assistant, and two maintenance technicians. NAI Earle Furman’s property management program employs a hands-on approach to real estate management, where formal monthly property inspections with face-to-face contact with each tenant provide the foundation of the program. At the beginning of each new assignment, the property is thoroughly evaluated so that a management program can be created that will suit the needs of the property and owner. Monthly operational reports are tailored to accommodate each property and include an executive summary page unlike any in the industry. To learn more about NAI Earle Furman’s Property Management division please contact Bill Weede (email: [email protected]) Committed to the Upstate. Connected to the World. 2 Industrial Division News NAI EARLE FURMAN BROKERS TWO MAJOR INDUSTRIAL TRANSACTIONS Grice Hunt and Ford Borders, SIOR of NAI Earle Furman, LLC recently represented the landlord of 1221 South Batesville Road (Greer) in expanding Speedway Packaging and Distribution’s space by 57,000 SF and renewing their total lease of 322,328 SF. They also represented the landlord of 1312 Old Stage Road (Mauldin) in renewing a lease of 432,000 SF of industrial space to Sunland Distribution Company, Inc. Hunt and Borders focus exclusively on the industrial sector throughout the Upstate. Since 2010, the Industrial Division of NAI Earle Furman has completed over $50 million in leasing volume. 200 PATE DRIVE GREENVILLE, SC ±163,395 SF Rail Served Industrial For Sale or Lease Contact Information: Glenn Batson tel: 864 678 5937 email: [email protected] • Lease Rate: $2.00/SF/NNN • Sale Price: $1,779,000.00 Property Details • Extensive Renovations Since 2007 • ±163,395 Total SF On Approximately 8 Acres • ±150,690 SF Warehouse • ±11,070 SF Office • Rail Served, Norfolk Southern - Super Car Rail Spur • 17 Loading Docks • 16’ - 18’ Clear Ceiling Height • Sprinkler System • New Electrical Service208/277/480 3 PH, 4W • All Utilities, Including Sewer • Zoned I-1 • Owner Occupies 90,000 SF and Would Consider Staying as a Tenant RECENT TRANSACTIONS Mauldin, South Carolina: Hunter Garrett, CCIM, SIOR and John Staunton of NAI Earle Furman represented the landlord of 1428 Old Stage Rd. in leasing an 80,000 SF industrial space to Pratt (Georgia Box), Inc. 1428 Old Stage Rd. Greenville, South Carolina: Jon Good, SIOR, Earle Furman, SIOR, and Alexi Papapieris of NAI Earle Furman represented U.S. Foodservice, Inc. in selling a 60,000 SF industrial property at 215 Commerce Road to Geovest, LLC. Greenville, South Carolina: Towers Rice of NAI Earle Furman represented the landlord of 155 P and N Dr. in leasing a 30,000 SF industrial space to Corporate Tire. Committed to the Upstate. Connected to the World. 3 Office Division Group News News JUST LISTED 430 THE PARKWAY, GREENVILLE SC • • • • • • Class A Medical Office Building ±5,280 SF Building Located in the Village of Thornblade Zoned: PD – Greenville County Sale Price: $790,000 Lease Rate: 15.00/SF NNN Contact Information: Scott Jones, SIOR Keith Jones tel: 864 232 9040 email: [email protected] RECENT TRANSACTIONS 201 E. McBee Ave. Greenville, South Carolina: Hunter Garrett, CCIM, SIOR and John Staunton of NAI Earle Furman represented KBR Building Group, LLC in renewing a lease of 18,032 SF of office space at 201 E. McBee Ave. in downtown Greenville. Greenville, South Carolina: Keith Jones, CCIM and Scott Jones, SIOR of NAI Earle Furman represented the landlord of 157 Landmark Dr. in leasing a 10,000 SF office space to Airgas Specialty Gases, Inc. Greenville, South Carolina: Stuart Wyeth and Peter Couchell, CCIM of NAI Earle Furman represented the landlord of 401 Brookfield Parkway in leasing an 8,435 SF office space. Hunter Garrett, CCIM, SIOR and John Staunton represented the tenant, Medical Billing Center, LLC. Spartanburg, South Carolina: Dan Dunn of NAI Earle Furman represented the landlord of 233 S. Pine St. in leasing a 6,878 SF office space to The Ward Law Firm, PA. Greenville, South Carolina: Stuart Wyeth of NAI Earle Furman represented the landlord of 300 Executive Center Dr. in leasing a 7,919 SF office space to Global Automation Partners (GAP), Inc. Greenville, South Carolina: John Gray, CCIM of NAI Earle Furman represented the seller of 56 Point Circle in selling a 4,600 SF office property. Greenville, South Carolina: Stuart Wyeth and Earle Furman, SIOR of NAI Earle Furman represented the landlord of 124 Verdae Blvd. (Bonaventure II) in leasing an 11,926 SF office space to NWN Corporation, and a 4,384 SF office space to Performance Payroll, LLC. Committed to the Upstate. Connected to the World. 4 Retail Division News SWAMP RABBIT CROSSFIT BUILDING DOWNTOWN GREENVILLE, SC Property Details • ±4,000 to ±16,000 SF (sub-dividable) • Located on the Popular Swamp Rabbit Trail • One Block from Kroc Center • City of Greenville planning large park next door • Trail Head on Property • Free On-Site Parking • Outside Seating • Lease Rate: $8-12/SF NNN Contact Information: Alexi Papapieris tel: 864 678 5922 email: [email protected] WOODRUFF ROAD RETAIL ACTIVITY Jimmy Wright and Ted Lyerly, CCIM of NAI Earle Furman represented the landlord of 1659 Woodruff Rd. in leasing an 11,990 SF retail space to Escape Into Fear, LLC. Wright and Lyerly also represented the landlord of 1659 Woodruff Rd. (Jackson’s Crossing) in leasing a 4,400 SF retail space to Global Net Services, LLC and a 2,200 SF retail space to Greenville Mattress. Wright and Lyerly also represented Culver’s in the ground lease of a property at 2021 Woodruff Rd., from Woodruff Road REI, LLC. This will be Culver’s first location in South Carolina. The Greenville location will join more than 450 restaurants in 19 states. Culver’s is famous for their ButterBurgers® and fresh frozen custard. JUST LISTED - 1608 TIGER BLVD. (CLEMSON) INVESTMENT PROPERTY FOR SALE Property Details • Located at 1068 Tiger Boulevard (Hwy 123) Clemson’s Retail Corridor • 100% Occupied by Dunkin Donuts • True NNN Lease • Situated on ±0.67 Acres • Less than 1 Mile from Clemson University Campus • Clemson University Enrollment: 19,000 Students & 1,350 Faculty • Tiger Blvd Traffic Count: 31,456 VPD • Easy Access to both Tiger Boulevard & College Avenue • Current NOI: $57,000 • Current Cap Rate: 9.05% • Contact Agent for Investment Package Contact Information: Jimmy Wright & Ted Lyerly tel: 864 232 9040 email: [email protected] Committed to the Upstate. Connected to the World. 5 Investment Services Group News FEATURED INVESTMENT OPPORTUNITIES 3903 AUGUSTA RD. GREENVILLE, SC • Tenant: Affordable Dentures • NNN Lease with CPI Increases every 5 Years • Lease Expires 6/30/2020 • Cap Rate: 8.10% • Sale Price: $1,191,926 FOR SALE - ARBY’S FRANCHISEE GREER, SC • Established & Seasoned MultiUnit (42) Franchisee with over 44 Years of Experience • New 20 Year Absolute Net Lease • Cap Rate (Year 1): 8.15% Cap Rate (Average): 8.91% • Sale Price: $1,006,135 SOLD! HARTSVILLE CROSSING Hartsville, South Carolina: Peter Couchell, CCIM & Bill Sims of NAI Earle Furman represented the seller of 1150 S. 4th St. (Hartsville Crossing) in selling a 68,645 SF Walmart shadowed retail center for $5,150,000. Other tenants at Hartsville Crossing include: Dollar Tree, Salley Beauty Supply, Subway and Its Fashion Metro. 3702 BOILING SPRINGS RD. SPARTANBURG, SC • 85,960 SF Bi-Lo (AHOLD Guaranty) Anchored Shopping Center • Occupancy Rate: 98.37% • 8.70% Cap Rate • Sale Price: $10,125,000 SOLD! 17 MEMORIAL MEDICAL DRIVE Peter Couchell, CCIM represented the seller in selling a 4,883 SF freestanding medical office building occupied by St. Francis Hospital System located at 17 Memorial Medical Drive in Greenville, South Carolina. DOLLAR GENERAL PROPERTIES SOLD IN THE CAROLINAS Peter Couchell, CCIM of NAI Earle Furman represented the seller in selling a new 21,700 SF Dollar General Supermarket located Asheville, North Carolina. Couchell also represented the seller in selling a 10,640 SF Dollar General in Conway, South Carolina. FOR MORE INFORMATION ON THE INVESTMENT SERVICES GROUP CONTACT: Peter Couchell, CCIM Broker/Principal Senior Vice President Investment Division email: [email protected] tel: 864 678 5923 Scott Davis Broker email: [email protected] tel: 864 678 5984 Committed to the Upstate. Connected to the World. 6 Multifamily Division News NAI EARLE FURMAN BROKERS SALE OF THE GATES AT NORTH MAIN Tony Bonitati, Kay Hill and Glenn Batson recently represented the owner of The Gates at North Main in selling the 24 unit duplex property. The property is located on McNeil Court in the popular North Main area of downtown Greenville. The sale was a redevelopment partnership in which NAI Earle Furman paired a California buyer with a local owner to transform the property into a luxury village that will complement the North Main residential market. The NAI Earle Furman Multifamily Division provides a broad array of specialized services to multifamily/apartment property owners, developers & investors locally and around the state. TRANQUIL COURT APARTMENTS 30578 OLD PELZER ROAD PIEDMONT, SC 29673 • Built in 2009 and in Excellent Condition • Building SF: ±30,368 on ±3.85 Acres • Average Unit Size: 1,084 SF • 28 Units (14 Buildings) • 2 BR/1.5 Bath: 20 Units • 3 BR/2.5 Bath:8 Units • 89% Occupied • Excellent Location Close to Grocery Stores, Various Retail and Lakeview Golf Course • Only Minutes Away From I-185, I-85 and the Donaldson Airport • Located near Woodmont Middle School • Utilities: Electric, Public Water, Sewer • Parking: 2 Spaces per Unit • Sale Undisclosed Contact Information: Tony Bonitati & Kay Hill tel: 864 232 9040 email: [email protected] NAI EARLE FURMAN WELCOMES GWINNA CAHAL TO THE MULTIFAMILY DIVISION Gwinna Cahal recently completed a summer long intern program at NAI Earle Furman and has joined the firm as a full time broker. She will be specializing in multifamily properties alongside Tony Bonitati and Kay Hill. She is a Cum Laude graduate from the University of South Carolina with a major in real estate. Cahal went on to complete her Master of Real Estate Development degree from Clemson University where she was elected USGBC Liaison, Clemson University Student Real Estate Association. She is a licensed South Carolina real estate broker and a LEED Green Associate. Committed to the Upstate. Connected to the World. 7 Company News and Community Involvement PAINT BALL TRIP FOR OUR UNITED WAY PALMETTO SOCIETY MEMBERS! These generous NAI Earle Furman donors contributed $1,000 or more during the recent United Way Campaign. The Palmetto Society was started in 1989 to recognize those giving at the leadership level. Committed to the Upstate. Connected to the World. 8 Company News and Community Involvement NAI EARLE FURMAN’S POWELL, DANIEL AND HILL ACCEPTED TO LEADERSHIP ANDERSON, GREENVILLE John Powell, CCIM and Tom Daniel of NAI Earle Furman have been accepted to Class 29 of Leadership Anderson, while Kay Hill, also of NAI Earle Furman, has been accepted to Class 39 of Leadership Greenville. The Leadership Anderson and Leadership Greenville programs require a 10-month commitment to a development initiative that helps to grow and motivate community leaders. According to the Anderson Area Chamber of Commerce and the Greenville Chamber, program participants are selected through an application process based on the applicant’s prior involvement in the community, as well as their ability to set and achieve high personal goals. Each year, a new class of participants is selected for each program. NAI Earle Furman is pleased to have three members of its brokerage team accepted into the programs. John Powell, CCIM is an Anderson native. He is part of NAI Earle Furman’s Anderson office with an emphasis on Industrial, Office, Retail and Investment properties and has over a decade of experience. Powell is actively involved in the Anderson community and currently serves on the Board of Directors for the TL Hanna Booster Club and Cardinal Park. “I am very excited for the opportunity to attend the Leadership Anderson class,” stated Powell. “The things I’ll learn from it will only expand my existing market knowledge which will ultimately benefit my clients.” John Powell Tom Daniel recently relocated to Anderson from Atlanta, and has worked to quickly put down roots in the community. “My wife, Elaine, and I are excited about our move and look forward to this next chapter in our life,” stated Daniel. He has over 25 years of experience in commercial real estate and is a member of the Industrial Division at NAI Earle Furman. Kay Hill is a Greenville native and joined NAI Earle Furman in 2011 as a part of the Multifamily Division. She is involved with Commercial Real Estate Women of the Upstate, the Urban Land Institute, and the Greater Greenville Association of Realtors. “I am honored to be given the opportunity to work side-by-side with such a diverse and impressive group of Greenville leaders,” stated Hill. “I expect the next ten months to be challenging, educational and extremely rewarding.” Both Leadership Anderson and Leadership Greenville have long histories of developing key leaders in their respective communities. Leadership Anderson was founded in 1984, and over 600 local leaders have graduated from the program and continue to be committed to the growth and progress of Anderson County. The Leadership Greenville program began in 1973, and has seen over 1,600 participants. Alumni serve in leadership roles within their businesses and organizations, in the community, and in state and local government. Committed to the Upstate. Connected to the World. Tom Daniel Kay Hill 9 AboutAbout Us Us A SOLID FOUNDATION AND PROVEN RESULTS. Founded by J. Earle Furman in 1986, NAI Earle Furman, LLC is a leading full service commercial real estate brokerage firm in the Upstate of South Carolina specializing in the office, industrial, investment, multifamily, land, healthcare and retail sectors. NAI Earle Furman, LLC offers a wide range of services including sales, leasing, development, site selection, consulting and property management. 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. STRONG LEADERSHIP AND A TEAM APPROACH. The firm has over 60 team members and in 2011 completed 550 transactions. The Property Management team has also grown exponentially in recent years andmanages over 5 million square feet of commercial space in North and South Carolina. NAI GLOBAL As the world’s only managed network of commercial real estate firms, New America International (NAI) works together to help clients strategically optimize their assets throughout the world. As a member of this network, NAI Earle Furman, LLC, is able to provide commercial real estate services to our local Upstate clients, as well as national and international clients. We have immediate access to over 5,000 professionals working out of 350 offices in 55 countries throughout the world. The NAI Global Network has annual sales and leasing transactions of $45 billion and manages 300 million square feet of property. GREENVILLE/HEADQUARTERS 101 E Washington St., Suite 400 Greenville SC 29601 864 232 9040 ANDERSON OFFICE 201 S Murray Ave. Anderson SC 29624 864 622 5040 SPARTANBURG OFFICE 314 S Pine St., # 100 Spartanburg SC 29302 864 398 4444 The NAI Earle Furman Team Stay Connected Find 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. Committed to the Upstate. Connected to the World. 10
Similar documents
Learn More About Huff Creek Properties
Greenville, South Carolina: Earle Furman, Jr. SIOR, Alexi Papapieris & John Staunton of NAI Earle Furman represented CapCar Realty 1.1, LLC in selling a 123,334 SF industrial building located at 22...
More informationNAI Earle Furman
Founded by J. Earle Furman in 1986, NAI Earle Furman, LLC is a leading full service commercial real estate brokerage firm in the Upstate of South Carolina specializing in the office, industrial, in...
More informationNAI Earle Furman, LLC
NAI Earle Furman’s Greenville and Spartanburg offices recently teamed up to bring a seller and buyer together on the sale of an office investment property. The Wells Fargo and Ward Law Firm Buildin...
More information