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May
22

NAI Earle Furman Announces Recent Sales

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NAI Earle Furman logo squareMauldin, South Carolina:  Keith Jones, CCIM of NAI Earle Furman represented the seller, Regional Management of South Carolina, in the sale of two office buildings totaling 8,273 SF located at 507 & 509 West Butler Road to JTB, LLC.

Chesnee, South Carolina:  Stuart Smith of NAI Earle Furman represented the seller, Peggy H. Phillips Living Trust, in the sale of 9.5 acres of land located at 2408 Bryant Road to Gibson and Gibson Property.

Simpsonville, South Carolina:  Keith Jones, CCIM of NAI Earle Furman represented the purchaser, Stage Hawk, LLC, in purchasing 35 acres of land at 1400 Old Stage Road from Ruby Lee Cantrell Hawkins Roberts Trust.

Spartanburg, South Carolina:  Andrew Babb of NAI Earle Furman represented the seller, First South Bank, in the sale of a 41,000 SF retail building located at 174 East Main Street to Good Wal Aug Smith, LLC.

Pauline, South Carolina:  Kevin Pogue of NAI Earle Furman represented the purchaser, William & Stephen Freeman, in purchasing 6.21 acres of land on Stagecoach Road from Sylvia Knox.

Columbia, South Carolina:  Jimmy Wright & Ted Lyerly, CCIM of NAI Earle Furman represented the seller in the sale of the 38,000 SF retail Fresh Market shopping center in Columbia, SC.  Peter Couchell, CCIM and Rob Schmidt with Furman Capital Advisors, the investment services division of NAI Earle Furman, represented the purchaser.

Greenville, South Carolina:  Earle Furman, Jr., SIOR of NAI Earle Furman represented the seller, Julius Garry Green, in the sale of a 45,000 SF retail strip center located at 2390 Laurens Road to SWR of Greenville, LLC.

Piedmont, South Carolina:  Towers Rice, CCIM of NAI Earle Furman represented the seller in the sale of 20.43 acres of land located on Durham Road to Kevin Gilreath.

Anderson, South Carolina:  Bernie Bastian and John Powell, CCIM of NAI Earle Furman represented the seller, 3B & V Properties, LLC, in the sale of a 7,000 SF retail property located at 134 North Main Street to Rogue Holdings, LLC.

Greenville, South Carolina:  Earle Furman, Jr., SIOR and Bill Sims of NAI Earle Furman represented the seller, Creek and Company, LLC, in the sale of a 6,000 SF office building located at 115 Halton Village Circle to Bank Building R, LLC.

Duncan, South Carolina:  Earle Furman, Jr., SIOR of NAI Earle Furman represented the seller, M & T Enterprises, Inc., in the sale of the former Plastic Omnium Building, an 80,000 SF industrial building located at 961 Berry Shoals Road.  Kevin Pogue, also of NAI Earle Furman, represented the purchaser, ATA Properties, LLC.

Spartanburg, South Carolina:  Cole Morris of NAI Earle Furman represented the seller, Westside Holdings, LLC in the sale of a 108-unit self-storage facility located at 115 John Dodd Road to 512 Holdings, LLC.

Greenville, South Carolina:  John Baldwin, CCIM of NAI Earle Furman represented the seller, 3H & S, LLC, in the sale of a 19,000 SF industrial building located at 108 Park Place Court to Richfair Holdings, Inc.

Greenville, South Carolina:  Alex Campbell of NAI Earle Furman represented the seller, GHS Health Resources, Inc., in the sale of a 6,582 SF office building located at 81 Pointe Circle to T. Bishop Properties Corp.

Clinton, South Carolina:  Bill Sims of NAI Earle Furman represented the seller, Browning Clinton, LLC, in the sale of a 9,960 SF Dollar Tree property located at 117 Jacobs Highway.  Earle Furman, Jr., SIOR, also of NAI Earle Furman represented the purchaser, Julius Garry Green, in the transaction.

Seneca, South Carolina:  John Gray, CCIM and Drew Stamm of NAI Earle Furman represented the seller, James Hanahan, Jr., in the sale of the Upstate Family Medicine building, a 9,743 SF office investment property leased to Greenville Health System and located at 12016 North Radio Station Road, to NV, LLC.

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Sep
29

Two Anderson Self Storage Facilities Sold

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two soldBeltline Self Storage in Anderson, S.C., was sold for $4.5 million, which included the assumption of an existing commercial mortgage-backed securities loan, according to a press release from Argus Self Storage Sales Network, the real estate firm that brokered the deal. The property at 205 E. West Parkway was originally converted to storage in 1986 from a former Lowe’s Home Improvement store and later expanded to include drive-up units. At the time of sale, the 4.6-acre facility comprised 362 units as well as 43 vehicle-parking spaces. The buyer plans to construct an 11,000-square-foot expansion, the release stated. The deal was brokered by Bruce Bahrmasel and Neal Gussis of Waveland Commercial Real Estate LLC, and Jamey Cox and Joey Godbold of SVN Percival Partners.

Stowaway Storage in Anderson, S.C., was sold to a regional buyer. The three-building property at 4350 SC-24 sits on 3 acres. Built in 1995, it comprises more than 43,000 rentable square feet of storage space in 222 storage units. Michael Morrison, associate broker with Midcoast Properties Inc., represented the seller.

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Aug
23

NAI Earle Furman Announces Sale Transactions

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Spartanburg: Andrew Babb represented the buyer, Patel & Company, Inc., in purchasing 9.17 acres of vacant land on North Blackstock Road from The Deanne Yeomans Revocable Trust.

Anderson: John Powell, CCIM represented the seller, Patricia M. Holcombe, et. al., in the sale of 9.9 acres of vacant land on Highway 24 to Michael Sellers.

Piedmont: Towers Rice, CCIM represented the purchaser, Blue Eagle Rentals, Inc., in purchasing approximately 9.86 acres of vacant land on Oak Road from Joan Gigante.

Greenville: Hunter Garrett, CCIM, SIOR and John Staunton represented the seller, Burrissfb Company, LLC, in the sale of a 5,000 SF retail property located at 717 Airport Road to RAME Investments, Inc.

Bowman: Edward Wingate represented the purchaser, Shefflette Family Trust, LLC, in purchasing from 6508 Bowman, LLC a 9,014 SF retail investment property located at 6508 Charleston Highway.

Townville: Towers Rice, CCIM represented the seller, Nix/Dunn, LLC, in the sale of an approximately 10,841 SF boat and RV storage facility located at 6224 Highway 24 to Three R’s Investors, LLC.

Dillon: Earle Furman, Jr., SIOR represented the purchaser, Dorothy B. Jones Irrevocable Trust Agreement, in purchasing from Patton Development SC, LLC a 9,100 SF retail investment property located at 2823 Highway 57 South.

Greenville: Keith Jones, CCIM represented the seller, PHT Investments, LLC, in the sale of a 3,900 SF office property located at 240 & 242 Adley Way to SPITRA TECHOLOGIES, LLC.

Fountain Inn: Rusty Hamrick represented the seller, Lewis and Jennifer Platts, in the sale of 7.74 acres of land at 75 Bowater Pass to Adam & Alexandra Haymont.

Greenville: Keith Jones, CCIM represented the seller, Illuminati, Inc., in the sale of a 2,936 SF retail condo at 640 South Main Street in downtown Greenville. Jake Van Gieson, also of NAI Earle Furman, represented the purchaser, WE Holdings, LLC.

Spartanburg: Andrew Babb represented the seller, Peggy Davis, in the sale of a 3,784 SF office building at 172 Alabama Street to Christopher Crowley & Garrow Crowley .

Greenville: Earle Furman, Jr., SIOR represented the seller, Hollingsworth Funds, Inc., in the sale of an 18 acre parcel of land located at 1401 Laurens View Road. Tony Bonitati, Kay Hill, and Bern DuPree, also of NAI Earle Furman, represented the purchaser, Continental Properties Company, Inc.

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Jul
25

Anderson Self Storage Properties Sold

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entranceviewThe two-property Mini Storage for Less portfolio in Anderson, S.C., was sold to a limited-liability company for $2.2 million. The facilities at 752 Simpson Road and 4013 Highway 81 S. comprise 47,352 net rentable square feet of storage space.

The seller, also a limited-liability company, was represented in the transaction by Brett R. Hatcher and Gabriel Coe, investment specialists in the Marcus & Millichap Columbus, Ohio, office. The buyer was represented by Mike MacManus and Stacey Gorman, investment specialists in the Marcus & Millichap Atlanta office. Broker Raj Ravi assisted in the closing.

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Jul
18

NAI Earle Furman Announces Transactions

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Leases

Greenville, South Carolina:  Earle Furman, SIOR and Jon Good, SIOR of NAI Earle Furman represented the landlord, Camperdown Company, Inc., in leasing a 2,646 SF industrial space at 6003 Ponders Court to ROI Equipment, LLC.

Spartanburg, South Carolina:  Kevin Pogue of NAI Earle Furman represented the landlord, Warrior DMA, LLC, in leasing 2,538 SF of office space in the Warrior Duck building to Hypersign, LLC.

Spartanburg, South Carolina:  Stuart Smith of NAI Earle Furman represented the landlord, Cat Dog Properties, LLC, in leasing a 8,340 SF industrial space at 119 Ian Court to Roof Options, LLC.

Sales

Six Mile, South Carolina:  Bernie Bastian; Hunter Garrett, CCIM, SIOR; and John Staunton of NAI Earle Furman represented the seller, Foxfire, in selling a 4,887 SF office property at 101 North Main Street to Prue & Kathy Dacus.

Anderson, South Carolina:  John Powell, CCIM of NAI Earle Furman represented the seller in the sale of a 10,400 SF retail property at 1716 Pearman Dairy Road.

Anderson, South Carolina:  John Powell, CCIM of NAI Earle Furman represented the seller in the sale of a 4,800 SF industrial property at 1509 Breazeale Road.

Cowpens, South Carolina:  Stuart Smith of NAI Earle Furman represented the seller, Arthur State Bank, in the sale of an 8,664 SF industrial property at 125 Quality Korners Drive to Afanasiy Yevchev.

Woodruff, South Carolina:  Ford Borders, SIOR; Grice Hunt, SIOR; and Clay Williams of NAI Earle Furman represented the seller in the sale of 219.47 acres of vacant land at the corner of Highway 101 and Highway 417.

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May
09

Anderson Residential Market is Hot

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home_constructionPlans for residential growth in Anderson County have taken off the last four months with much of the development focused on S.C. 81 near T.L. Hanna High School.

Alesia Hunter, the county’s development standards manager, said recently her office has processed preliminary paperwork for several proposed subdivisions and for expansions of long-established existing ones since January. If all the different projects come together, she said, it would result in the construction of at least 300 new homes.

“I think there’s more activity around 81 right now because of the school and the new VA clinic,” Hunter said. “People always take notice of an area as activity increases there, and I think you’re seeing that along 81, though we certainly have developments happening in other areas as well.”

The latest proposed subdivision, tentatively called Pennington, will be detailed for the county’s planning commission this month.

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Apr
17

Recent Leases by NAI Earle Furman

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leased-agreement-with-keysAnderson: John Powell, CCIM of NAI Earle Furman represented the landlord, AKS Partners, LLC, in leasing to Twisko South, LLC a 3,000 SF retail space at 2102 North Main Street.

Greenville: Hunter Garrett, CCIM, SIOR; Jimmy Wright; Ted Lyerly, CCIM; and John Staunton of NAI Earle Furman represented the landlord, Three J-1, LLC, in leasing to Craft BBC, LLC a 4,560 SF retail space in Woodruff Square.

Anderson: John Powell of NAI Earle Furman represented the landlord, Jimmy Davis, in leasing an 8,400 SF office building at 2001 East Greenville Street.

Pendleton: John Powell of NAI Earle Furman represented the landlord, Donald Hester, in leasing a 4,000 SF industrial building at 111 B Welpine Ridge Road to Blue Collar Cycles.

Spartanburg: Andrew Babb of NAI Earle Furman represented the landlord, Loretta Johnson, in leasing a 2.736 SF office space at 172 East Main Street to Toole Design Group.

Spartanburg: Towers Rice of NAI Earle Furman represented the landlord, Cox LP & Dalton Georgia Carpet Warehouse, Inc., in leasing an 24,000 SF industrial building at 111 Carpet Drive to Classic Woodworks.

Greenwood: Towers Rice of NAI Earle Furman represented the landlord, Hwy 72 Greenwood Associates, in leasing a 4,710 SF industrial space at 2432 Highway 72 to Sizemore, Inc.

Spartanburg: John Staunton and Hunter Garrett, CCIM, SIOR of NAI Earle Furman represented the landlord, PSR Enterprises, LLC, in leasing a 10,000 SF industrial space at 851 Simuel Road to Neffgen Family Stores, LLC.

Greenville: Earle Furman, Keith Jones, and Kelly Sullivan of NAI Earle Furman represented the landlord, WWB3, LLC, in leasing a 7,800 SF industrial building at 101 Woodruff Industrial Lane to Knight Performance Factory, LLC.

Greenville: Keith Jones and Alex Campbell of NAI Earle Furman represented the tenant, EHD Corporation, in leasing 1,511 SF office space at 3 Research Drive from LICAR LLC.

Greenville: Hunter Garrett, CCIM, SIOR and John Staunton of NAI Earle Furman represented the landlord, Broad Street Office, LLC, in leasing 6,000 SF office space at 110 East Court Street to Parker Poe Adams & Bernstein, LLP.

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Mar
21

NAI Earle Furman Announces Sale Transactions

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Anderson, SC: Towers Rice, CCIM of NAI Earle Furman represented the purchaser, American Prime Property, LLC, in purchasing 5 acres of vacant land at the intersection of American Business Park and American Way from Thrift Properties.

Spartanburg, SC: Kevin Pogue and Andrew Babb of NAI Earle Furman represented the seller, Neuburger Management, Inc., in the sale of a 9,624 SF office property at 245 East Blackstock Road to J & G Replacement Properties, LLC.

Piedmont, SC: Towers Rice of NAI Earle Furman represented the seller, Synovus Bank, in the sale of a 4,500 SF industrial building at 125 Trotter Drive to Summerhill Property, LLC.

Nichols, SC: Rusty Hamrick & Dan Dunn of NAI Earle Furman represented the seller, Kay Phillips & Craig Phillips, in the sale of Lumber River Retreat, an 887.65 acre recreational land tract.

Spartanburg, SC: Kevin Pogue of NAI Earle Furman represented the purchaser, Grace Community Church of Carolina, in purchasing a 52,000 SF hospitality property located at 501 Willis Road from The Westside Club, Inc.

Clinton, SC: Bill Sims, Jake Van Gieson and Gaston Albergotti of NAI Earle Furman represented the seller, 210 South Broad, LLC, in the sale of a 4,882 SF office building located at 210 South Broad Street.

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Nov
16

SRS Brokers Sale of Walmart Neighborhood Market in Anderson

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wal mart market soldSRS Real Estate Partners has brokered the sale of a newly constructed, 41,369-square-foot Walmart Neighborhood Market located at 2003 E. Greenville St. in Anderson. The store is situated at the northwest corner of Greenville Street and Reed Road directly across the street from AnMed Health Medical Center. The store is new, with a 20-year primary term and four 5-year options with rent increases.

Kyle Stonis, Pierce Mayson, and John Topping, Jr. of SRS’ Atlanta office represented the seller, Cypress Equities, in the transaction. The buyer, VEREIT Inc., was self-represented. The purchase price was undisclosed.

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May
21

NAI Earle Furman Brokers Anderson Apartments

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anderson aptsTony Bonitati, Kay Hill and Bern DuPree of NAI Earle Furman’s Multifamily Division represented the seller, Upstate Property Rentals, LLC in the sale of Springbrook Apartments, a 92-unit complex located at 104 Springbrook Court, Anderson, SC 29621. The 95% occupied multifamily property sold for $2,825,000, or $30,707/unit. According to Loopnet, the average rent is $515/month. The purchaser was Richmond Manor Apartments, Inc.

The sale of Springbrook Apartments represents the fifth property that the NAI Earle Furman Multifamily Division has sold for Upstate Property Rentals, LLC.

“We are pleased to have assisted our client in the sale of more than 300 units in the Upstate this past year, including Springbrook Apartments. This seller’s formula for stabilizing and rehabilitating apartment communities, combined with our national marketing platform, has helped our client achieve maximum returns,” said Tony Bonitati, multifamily broker at NAI Earle Furman.

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Apr
20

Recent Sales by NAI Earle Furman

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Greenville, South Carolina: Jake Van Gieson, Bill Sims, and Gaston Albergotti of NAI Earle Furman represented NLJ Ventures in the purchase of 1,936 SF retail investment property at 117 State Park Road.

Greenville, South Carolina: Keith Jones, CCIM, Jake Van Gieson, and Bill Sims of NAI Earle Furman represented the seller in selling a 1,900 SF office property at 900 Pendleton Street.

Clemson, South Carolina: Jimmy Wright, Ted Lyerly, CCIM, and Brendan Gower, CPM of NAI Earle Furman represented the seller in selling a 3,351 SF retail property at 1070 Tiger Boulevard.

Greer, South Carolina: Robert Schmidt, of NAI Earle Furman represented the Buyer in purchasing a 5,280 SF office property at The Village at Thornblade.

Greenville, South Carolina: Hunter Garrett, CCIM, SIOR and John Staunton of NAI Earle Furman represented the seller in selling a 5,256 SF office property at Keys Crossing, Building 100, 429 Roper Mountain Road.

Greenville, South Carolina: Scott Jones, SIOR and John Baldwin, CCIM of NAI Earle Furman represented the seller in selling a 9,240 SF office property at 217 East Stone Avenue. John Gray, CCIM and Drew Stamm of NAI Earle Furman represented the buyer.

Piedmont, South Carolina: Peter Couchell, CCIM, and Robert Schmidt of NAI Earle Furman represented the seller in selling a 56,600 SF self-storage investment property at 2531 River Road

Travelers Rest, South Carolina: Alex Campbell, Ross Kester, and Tyson Smoak, CCIM, of NAI Earle Furman represented the seller in selling 49.32 acres of land on Painter Road.

Anderson, South Carolina: Tyson Smoak, CCIM and Ross Kester of NAI Earle Furman represented the buyer in purchasing 2.13 acres of land at 3416 Highway 81 North.

Easley, South Carolina: Tyson Smoak, CCIM and Ross Kester of NAI Earle Furman represented the buyer in purchasing .78 acres of land at 708 North A Street.

Greenville, South Carolina: Kay Hill of NAI Earle Furman represented the seller in selling 3.1 acres of land at 9 & 13 E. Parkins Mill Road.

Pickens, South Carolina: Peter Couchell, CCIM, and Robert Schmidt of NAI Earle Furman represented the Buyer in acquiring a Dollar General in Pickens, SC

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Nov
10

I-85 Continues to Power Upstate Growth

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When Interstate 85’s four lanes quietly opened on Sept. 8, 1964, South Carolina’s first interstate highway drew little fanfare.

Miles from downtown Anderson, the road opened without ribbon-cutting, political speeches or extensive news coverage. It was described as “a supermodern, controlled-access highway” that would someday spread to 668 miles in length. But when highway patrolmen removed the barricades at 8 a.m. that Tuesday, Anderson residents were more concerned about Hurricane Dora.

Spinning near the Florida coast, the storm threatened to follow the path of Hurricane Cleo, which just a month earlier had dumped 3.15 inches of rain on Anderson in one day – part of a record-high 77.4 inches that soaked the city that year.

Fifty years later, Dora and Cleo are long forgotten. But I-85 continues to mold the future of Anderson.

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Nov
03

Small Town Hotels Helping Revitalization Efforts?

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Cities around South Carolina are finding a new opportunity for economic growth with a recent increase in the openings of downtown boutique-style hotels.

A interesting trend among these hotels is the fact they are locally owned and developed. Local entrepreneurs in Florence, Anderson and Beaufort looked to re-create the downtowns where they had grown up with their visions of these niche hotels.

Florence developer Grey Raines opened the 49-room Hotel Florence in a renovated early 20th century building in what once was the city’s main downtown shopping, dining and entertainment district. Less than five years after opening, Raines and his partners are planning an expansion of the hotel.

Florence Mayor Stephen Wukela said he saw the hotel project as a catalyst for revitalizing the city’s downtown core—a catalyst that would bring people to the area after dark.

In Beaufort, developer Matt McAlhaney said he knew there was a void in Beaufort for a downtown boutique hotel. The market for affordable hotel rooms, largely for families coming to watch basic-training graduations at Marine Depot Parris Island, was covered mostly by quality national chains. Downtown has a number of bed-and-breakfast operations that offer luxury, but focus on a different type of traveler.

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Categories : Anderson, Beaufort, Florence
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Oct
28

Anderson Wal-Mart Supercenter Sold

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HLC Equity, a national real estate investment holding group and property manager, today announced the sale of the 192,000-square-foot Wal-Mart Supercenter located at 3812 Liberty Highway in Anderson, South Carolina. The tenant, Wal-Mart Stores, Inc., currently occupies the property with 13.7 years remaining on its triple-net lease.

Situated in one of South Carolina’s largest retail corridors, equidistant from the Atlanta and Charlotte metropolitan areas, the property is part of a 330,000-square-foot shopping center that includes a Sam’s Club and a 5,000-square-foot strip center.

HLC Equity acquired the Wal-Mart Supercenter as a strategic investment asset because of the area’s financial stability, the tenant’s long-term commitment and the Anderson retail corridor’s dominant presence along Interstate 85 between Atlanta and Charlotte.

Within a three-mile radius of the building, there is more than 10 million square feet of commercial space, including the 625,000-square-foot Anderson Mall. Dick’s Sporting Goods, Staple’s and Kohl’s are directly adjacent to the Wal-Mart Supercenter.

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