Archive for Greenville

avison young logoAvison Young commercial real estate has announced the following transactions:

  • Rakan Draz and John Odom represented WFC Travelers Rest, LLC in the leasing of 1400 sf of retail space located at 2 Benton Road, Suite H in Greenville, South Carolina, to Retail Group Investment, LLC. Anthony Gaito of RealtyLink, LLC represented the Tenant.
  • Rakan Draz and John Odom represented Barmen, LLC in the leasing of 1,444 sf of retail space located at 220 East Coffee Street in Greenville, South Carolina, from Stone Family Properties.
Categories : Greenville
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Jun
19

Greenville Apartment Occupancy up to 92.6%

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real data LogoAccording to Real Data, for the first time since 2015, apartment demand exceeded new supply for the Greenville metropolitan area. Occupancies were effected by this and increased to 92.6%. There are currently 1,491 units under-construction in the metropolitan area. Proposed units increased over the past six months. The current average monthly rent is $971.

Demand is forecasted to outpace new supply levels over the next twelve months allowing occupancies to improve. Rental rates will likely increase by 2.0% to 3.0% going into 2019.

Categories : Greenville
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May
30

South Carolina Self Storage Facilities Sold

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two soldThe Storage Acquisition Group has announced the sale of two self-storage facilities located in South Carolina. The facilities, located at 2248 North Main Street in Summerville and 2711 Woodruff Road in Simpsonville, are part of a larger portfolio currently under acquisition. The sale was finalized on April 12, 2018.

The facilities total over 200,000 square feet and just over 1,450 storage units. The properties offer a mix of climate controlled and non-climate controlled units, drive-up access units, electronic gate access, video surveillance, and more for maximum convenience.

The Summerville facility is located just a few miles from the heart of historic downtown Summerville. Its location between State Road 176 and Highway 26 make position and visibility second to none. In addition, the Summerville area is growing rapidly with an average population increase of more than double the rates seen in the rest of the state.

The Simpsonville facility is located right beside the intersection of interstate highways I-385 and I-185 in an area dubbed ”The Golden Strip” for its prosperous commercial and retail sectors. The area is home to major corporations such as BMW, Michelin, GE, and Caterpillar to name a few.

The sale was managed by the group’s Vice President, David Spencer, and President and CEO, Cowles M. “Monty” Spencer, Jr.

Categories : Greenville
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Apr
17

Greenville CBD Mixed Use Development Sold

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100-east-greenville-sc-100-east-downtown-apartment-homes100 East, the downtown Greenville mixed-use development at 100 E. Washington St. that consists of 48 apartment units and approximately 6,000 square feet of retail space, has sold.

Tony Bonitati, Kay Hill, and Bern DuPree of NAI Earle Furman’s Multifamily Division arranged the transaction on behalf of the buyer, 100 East Venture LLC. The seller, DPG Pazdan Greenville LLC, was not represented in the sale.

100 East, a rental loft community designed by McMillan Pazdan Smith Architecture and constructed in 2012, is situated one block east of Main Street in the heart of downtown, behind the Wells Fargo Center. It consists of 18 studio units, 12 one-bedroom units, and 18 two-bedroom units and bookends the South Spring Street parking garage.

READ MORE HERE

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Apr
17

Greenville Area CRE Transactions

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gville

  • Guy Harris, of Spencer/Hines Properties, facilitated the lease between Green Barns of America and Ronald and Wilma Quinlan of 16,250 square feet of industrial property at 1040 Canaan Road in Roebuck.
  • Guy Harris, of Spencer/Hines Properties, facilitated the lease between Carolina Smoothie and Publix Supermarkets of 1,500 square feet of retail space at 9815 Commons Drive in Huntsville, N.C.
  • Tim Satterfield of Coldwell Banker Commercial Caine represented Kelestatio LLC (Landlord) in the leasing of a +1,800-square-foot retail/restaurant space at 253 Magnolia St., to Badmon LLC doing business as Burrito Hub (Tenant).
  • Greenville, South Carolina: Hunter Garrett and John Staunton of NAI Earle Furman represented the tenant, Builders Wholesale Flooring LLC, in leasing a 12,500-square-foot industrial space at 228 Pelham Davis Circle from Binkley Enterprises LLC.

Source: GSA Business Report

Categories : Greenville
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Feb
27

Second Inland Port Shows SC’s Logistics Prowess

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port craneThe South Carolina Ports Authority expects its second inland port, in Dillon, South Carolina, to open in April, a facility slated to support growing intermodal cargo volumes between the Port of Charleston and markets throughout the Carolinas, the Northeast, and the Midwest. The upcoming event will reflect South Carolina’s growth in logistics investments and freight movement.

SCPA first announced consideration of an inland port in Dillon in April of 2016, and that probably shouldn’t have come as a huge surprise, given the success of its first facility, Inland Port Greer, which opened in 2013. The Dillon announcement was followed in short order by a market studies, a proposed terminal layout and initial design phase, permitting and equipment requisition processes, and the award of construction contracts.

Inland ports have become increasingly important in managing the movement of containers to and from ocean ports. The idea is to transport container cargo by rail to an inland location, away from the port, for further processing and distribution. When it comes to exports, inland ports are used as staging areas for cargo containers making their way to ports. Besides mitigating port congestion, inland ports, because they promote the use of intermodal rail connections, represent a more environmentally friendly alternative to trucking containers to and from terminals. They also provide relief to beleaguered highway networks.

READ MORE HERE

 

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Feb
27

Greenville Apartment Development Sold

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beacon ridgeCBRE Capital Markets facilitated the sale of Beacon Ridge Apartment Homes, a 144-unit value-add multifamily property at 5 Crystal Springs Road in Greenville. Located just off Interstate 385, less than two miles from Haywood Mall, the property is close to downtown Greenville and the Greenville Health System Patewood Medical Campus.

Philadelphia-based PRG Real Estate acquired Beacon Ridge. CBRE’s Kevin Kempf, Parker Yates, David Lansbury, and Phil Brosseau represented the seller, Charlotte-based Grubb Properties, in this transaction.

Built in 1988, the property is situated on 9.6 acres and was 96 percent occupied at the time of sale. Amenities include a 24-hour fitness center, expansive pool and sundeck, multiple grilling stations, clubhouse, business center, picnic areas, and dog park.

Categories : Greenville
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Feb
19

Joyner Commercial Announces Transactions

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joyner commercialJoyner Commercial, the Commercial Division of Berkshire Hathaway HomeServices C. Dan Joyner Realtors®, has announced the following transactions completed by its team of commercial real estate professionals.

  • Hope Tz Schmalzl represent the Buyer Ukoona LLC in a purchase of a 4,400/SF office building at 143 Commons Way for owner investment, in leasing an office.
  • Ernest A. Crosby represented the Seller in a sale of a 3,733/SF retail building located at 14 S Main St Mauldin, SC.
  • Matt Carter, CCIM & Steve Greer represented the landlord in a lease of 1,000/SF to Mussman Architect at 24 Vardry St Suite 301.
  • Micheal Joseph represented the Buyer in a purchase of warehouse distribution building at 9020 Fairforest Rd Spartanburg SC 29303.
  • Hope Tz Schmalzl represented the Landlord and Tenant in a lease of a1,250± SF retail space to Get Weird Smoke Shop in at 9 Victor St Unit H in Greenville, SC.
Categories : Greenville, Spartanburg
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Dec
11

Joyner Commercial Announces Transactions

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joyner commercialJoyner Commercial, the Commercial Division of Berkshire Hathaway HomeServices C. Dan Joyner Realtors®, has announced the following transactions completed by its team of commercial real estate professionals.

Matt Carter, CCIM and Craig Leduc represented the Seller, in the sale of a 15,000±SF office building at 135 Edinburg Ct in Greenville, SC to MB4 midtown LLC.

Joe Teague and Hays Reynolds represented the landlord in a lease, 900± SF office suite to Creative Engineers at 330 Pelham Rd Suite 102 Greenville, SC

Joe Teague represented the landlord, in a lease of retail space of 1,500±SF at 1791 Woodruff Rd Suite B to Local Map Co. in Greenville, SC.

Bryon Culbertson represented the owner, OHI Assets in a sale of 9,000± medical building at 721 W. Curtis St Simpsonville, SC to Lakefield Properties LLC.

Michael Joseph represented the buyer, Mr. Simmons in a sale of industrial land at 301 Woodruff Rd in Greenville, SC.

Nelson Garrison represented the seller and buyer of a 1.4 acres lot with a flex building for use of Terminix Services at 3608 Fernandina Rd Columbia SC.

Bryon Culbertson represented the Tenant CCFT Rapid Ready LLC in a lease of 1,200± office space at 413 Vardry St Suite 7 in Greenville, SC.

Wayne Smith represented the Tenant Units Mobile Storage of Greenville LLC in a 16,000±SF office building Lease at 308 Pennsylvania Ave Greer, SC.

Greg Huff represented the owner in a sale of a 3,750±SF brick building at 523 Sulphur Springs Rd in Greenville, SC to LaMesa Del Padre Church.

Bryon Culbertson represented the Landlord NV LLC and Tenant ProConsultants of a lease of 2,270± SF office space at 213 Bulter Rd Suite D in Mauldin, SC

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Nov
07

Plans for Greenville’s Judson Mill Revealed

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judson millThe North Carolina developer who purchased the 36-acre former Judson Mill site last month has revealed details of his plans there, including more than 200 apartments and more than 300,000 square feet of office and light industrial space.

Judson Mill, at 701 Easley Bridge Road, is about a mile west of Greenville city limits and stands at the northern entrance of the 1,100-home Judson community. The 36.2-acre mill property includes an 800,000-square-foot building, about half of which developer Ken Reiter, president of the Belmont Sayre firm out of Chapel Hill, N.C., has said previously that he wishes to convert into residential space, according to a November 2016 county planning document.

According to a news release from real-estate firm CBRE, which represented Reiter in the purchase, Reiter completed his purchase of the site on Oct. 16. Milliken and Co. had closed the mill in early 2015, and the property had been on the market since that summer two years ago.

READ MORE HERE

 

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Nov
02

Greenville Area Bi-Lo Center Sold

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Five Forks I & II for PR EmailHolliday Fenoglio Fowler, L.P. has announced the $10.72 million sale of Five Forks Shopping Center, a 70,177-square-foot, fully leased, BI-LO-anchored neighborhood shopping center in the Greenville-Spartanburg community of Simpsonville, South Carolina.

The HFF team marketed the property for the seller, Retail Properties of America, Inc. RealtyLink, LLC purchased the asset free and clear of existing debt.

Situated on 11.8 acres at 2603 and 2607 Woodruff Road, Five Forks Shopping Center is at the “main and main” intersection of Woodruff Road (Highway 146) and Five Forks Road (Highway 296) in Simpsonville, one of the fastest-growing and most affluent submarkets of the Greenville-Spartanburg MSA. The center is in one of the Greenville area’s main retail corridors. More than 50,641 residents earning an average annual household income of $115,097 live within three miles of the center. Five Forks Shopping Center was completed in two phases in 1999 and 2004 and, in addition to anchor BI-LO, is home to a diverse mix of tenants, including Verizon Wireless, Sports Clips, El Jalisco, ABC Liquor and Oxford Cleaners.

The HFF investment sales team representing the seller included director Thomas Kolarczyk, director Brad Buchanan and senior managing directors Richard Reid and Barry Brown.

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Oct
19

Greenville’s Haywood Reserve Sold

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sold_sign65CNL Growth Properties, a real estate investment trust (REIT) which invested in the development of Class A multifamily communities in the mid-Atlantic and Sun Belt regions of the United States, has completed the successful liquidation of its portfolio according to the plan approved by shareholders in August 2016. The company closed on the sale of its 17th and final property, Haywood Reserve in Greenville, South Carolina, on Sept. 29, 2017, for $53.8 million.

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Aug
16

Avison Young Announces Transactions

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avison young logoRakan Draz and John Odom represented DHM-301 Haywood Road, LLC in the leasing of a 1,200 sf retail space located at 301 Haywood Road in Greenville, South Carolina, to XF Studio Salon, LLC.

Rakan Draz and John Odom represented Phillip C. Cahaly, Mark A. Cahaly and Clark P. Cahaly in the leasing of 1,100 sf of retail space located at 7530 White Horse Road in Greenville, South Carolina, to Kelley Contract Services, LLC.

Chris Fraser, CCIM, Tabitha Cooper and Rob Howell represented Black & Veatch Corporation in the lease extension of 5,706 sf of office space located at 201 Brookfield Parkway in Greenville, South Carolina, from ROC III Fairlead Brookfield Corporate Center Owner, LLC. Shelby Dodson of CBRE represented the Landlord.

Todd P. Garrett, CCIM, SIOR represented 756 St. Andrews Blvd. LLC in the lease extension of a 2,100 sf industrial space located at 7187 Bryhawke Circle, Suite 100 in North Charleston, South Carolina, to Custom Canvas of Charleston, Inc.

Todd P. Garrett CCIM, SIOR represented Palms Preferred Properties, LLC in the lease extension of 2,400 sf industrial space located at 4663 Franchise Street in North Charleston, South Carolina, to Rainbow International of Charleston.

David Mantek and Vitré Stephens represented the landlord, James Island Center LLC, in the lease extension of a 1,800 sf restaurant space located in James Island Center at 1739 Maybank Hwy in James Island, South Carolina, to Barberitos.

Todd P. Garrett, CCIM, SIOR & Tradd Varner represented Ed Sutton in the leasing of 1,000 sf industrial space located at 1921 Reynolds Avenue in North Charleston, South Carolina, to Art Forms & Theatre Concept, Inc.

Todd Garrett, SIOR, CCIM represented Skeet Ventures in the lease extension of 26,940 sf industrial space located at 2550 W 5th North Street in Summerville, South Carolina, from Delta Real Estate Investments, LLC. John Beam of Colliers International Charleston, LLC represented the Landlord.

David Mantek and Vitré Ravenel Stephens represented GB Associates Limited Partnership in the leasing of 1,600sf retail space located in Crowfield Plaza at 431 St. James Avenue, Suite L in Goose Creek, South Carolina, to The UPS Store. Eddie Pershin of Atlas Realty Group represented the Tenant.

Todd P. Garrett, CCIM, SIOR and Tradd Varner represented Traxler Littlejohn Enterprises, LLC in the leasing of a 1,900 sf industrial space located at 4208 Pace Street, Unit B, in North Charleston, South Carolina from Pace Street, LLC. Miles Martschink of CC&T Real Estate Services represented the Landlord.

Todd P. Garrett CCIM,SIOR represented 3614 Ashley Phosphate Road, LLC in the lease extension of 5,000sf of industrial space located at 3170 Stanton Court, Suite A in North Charleston, South Carolina, to Charleston Import Automotive.

Gregg Legerton represented the landlord, Tobias, LLC, in the leasing of a 4,500 sf medical office space located in 61West at 1483 Tobias Gadson Boulevard in Charleston, South Carolina to Roper St. Francis Physicians Network.

Gregg Legerton represented the landlord, Tobias, LLC, in the leasing of a 2,161 sf medical office space located in 61West at 1483 Tobias Gadson Boulevard in Charleston, South Carolina to Head Dental Associates, LLC.

Jeremy Willits represented the landlord, 5900 Core Avenue, LLC in the lease extension of a 10,763 sf office space located at 5900 Core Avenue in North Charleston, South Carolina to DEA.

Gregg Legerton represented the landlord, Tobias, LLC, in the lease of a 1,312 sf medical office space located in 61West at 1483 Tobias Gadson Boulevard in Charleston, South Carolina to Charleston Hand Therapy Center.

Todd P. Garrett CCIM, SIOR represented Palms Preferred Properties, LLC in the lease extension of 2,00sf industrial space located at 4663 Franchise Street, Suite 105 in North Charleston, South Carolina, to Palmetto Furniture Solutions, Inc.

Todd P. Garret CCIM, SIOR represented Jeffry L. Combs & Traci B. Combs in the leasing of 10,500 sf industrial property located at 3209 Industry Drive in North Charleston, South Carolina, to Southern Current. Blair Belk of Belk Lucy represented the Tenant.

David Mantek & Vitre R. Stephens represented James Island Center LLC in the leasing of 7,491 sf of retail space located in James Island Center at 1739 Maybank Highway, Suite N, in James Island, South Carolina, to Pet Supermarket, Inc. Julie Gardner of Katz & Associates represented the Tenant.

Categories : Charleston, Greenville
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Aug
15

Coldwell Banker Commercial Caine Announces Transactions

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sold signsGreer:  Pete Brett, CCIM, David Sigmon, CCIM and Matt Vanvick of Coldwell Banker Commercial Caine represented Enigma Corporation (Seller) in the sale of +1.127 acres at 110 Sage Creek Way, to NV, LLC (Purchaser).

Greenville:  Pete Brett, CCIM, David Sigmon, CCIM and Matt Vanvick of Coldwell Banker Commercial Caine represented Brains on Fire Properties, LLC (Purchaser) in the purchase of a +5,330 SF office building on +0.12 acre at 1263 Pendleton St., from Mutual Home Store of Greenville, Inc. (Seller).

Spartanburg:  Tim Satterfield and Wiley North of Coldwell Banker Commercial Caine represented LeRhea R. Armstrong (Seller) in the sale of a +1,288 SF house on +1.07 acres for redevelopment at 2245 Southport Rd., to Jerome G. Bulman & Donald Bishop (Purchasers).

Spartanburg:  Tim Satterfield and Angela Halstead of Coldwell Banker Commercial Caine represented Charles N. Davis, Jr. and Susan D. Cantrell (Sellers) in the sale of a +1,900 SF retail building on +0.6 acre at 2850 E. Main St., to Burhan Abbas Raja (Purchaser).

Gaffney:  Tim Satterfield of Coldwell Banker Commercial Caine represented Sunny Hill Farms, Inc. (Seller) in the sale of +10.5 acres on Nancy Creek Rd., to Alfred Randall Moss & Arjana Ana Moss (Purchasers).

Leases

Greenville:  Robert Zimmerman of Coldwell Banker Commercial Caine represented Lever Studios, Inc. (Tenant) in the leasing of a +2,085 SF office space at 1320 Hampton Ave. Ext., Unit 4A, from Oceana Rapid, LLC (Landlord).

Greenville:  Matt Vanvick of Coldwell Banker Commercial Caine represented Hampton Doorway, LLC (Landlord) in the leasing of several small office suites at 217 E. Stone Ave. to The Art of Real Estate (Suites 31 & 33), Natural Glow Skincare (Suite 36), and Ali Waller Makeup & Skin (Suite 40) as Tenants. 

Greenville:  Pete Brett, CCIM, David Sigmon, CCIM and Matt Vanvick of Coldwell Banker Commercial Caine represented Mountain City Land and Improvement Co., LLC (Landlord) in the leasing of +6,158 SF of additional office space at INNOVATE, 148 River St., Suite 100, to Oobe Uniforms & Apparel, Inc. (Tenant).

Spartanburg:  Tim Satterfield of Coldwell Banker Commercial Caine represented Glorian Hayes (Landlord) in the leasing of a +2,500 SF retail/garage building at 18 Wells St., to Omar Davis (Tenant).

Spartanburg:  Tim Satterfield of Coldwell Banker Commercial Caine represented Mary Frances Poole (Landlord) in the leasing of a +16,250 SF industrial space at 140 Interstate Park Dr., to Cooks Power Equipment (Tenant).

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Aug
04

RealOp Investments Acquires Office Assets in Greenville, SC

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realopRealOp Investments has announced the purchase of a suburban office portfolio consisting of three properties located along the I-385 corridor in Greenville, SC.

  • The three properties, located at 1 Marcus Drive, 1001 Keys Drive, and 770 Pelham Road, boast a total +/- 211,000 square feet and feature notable tenants, including: ECPI, AssetPoint, Cintas Corporation, Mustang Engineering, and Innervision.
  • Portfolio occupancy is approximately 50%
  • The portfolio was purchased for $13.875 Million and closed on July 21, 2017.
  • Office space within this portfolio is currently available from ±1,800 RSF – ±9,000 RSF, and offers a variety of benefits, including private office entrances, exterior tenant signage, convenient access, and plenty of parking.
Categories : Greenville
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