Archive for Greenville

Nov
08

New Publix Center Coming to Simpsonville

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simpsonville-publixA new commercial development, Grand Central@Martin Farms, is coming to Simpsonville at the intersection of Fairview Road and Harrison Bridge Road, according to the Windsor Aughtry Company and city officials.

Publix Super Markets, working with JSI Development, is the first Grand Central@Martin Farms tenant to announce plans to locate there. The grocer will vacate its existing store on Fairview Road and become the development’s 54,000-square-foot anchor.

A junior anchor and outparcels will be announced at a later date.

Work on the development has begun. The Publix is anticipated to open in the fall of 2017.

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Nov
01

Speculative Industrial Building Announced for Greenville County

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Augusta Grove, the largest industrial business park of its kind in Greenville County, today announced plans for a new, best-of-class speculative building that will be under construction by the end of the year.

At 331,850 square feet, the Class A, concrete, tilt-wall industrial project known as Augusta Grove #17 will have a 32-foot minimum clear height and create a commanding presence in the park. Located on a premier 46.1-acre site at the intersection of Matrix Parkway and Old Grove Road, the rear-load facility can accommodate a multi-tenant configuration, but is best suited for a dominant lead single tenant. Auto parking is ample with room for expansion in the design; likewise for trailer storage. An ESFR sprinkler system and LED lighting program are just a few examples of the quality features in this property.

The park’s existing tenants include a mix of successful manufacturing and logistics owners such as GE Aviation, KI Logistics, Roy Metals, The Blood Connection, Sun City Produce, JTEKT, Magna Industries and others. NAI Earle Furman is confident that the announcement of new spec inventory will attract more of the same.

Augusta Grove #17’s cutting-edge, flexible design is the product of collaboration between Wakefield Beasley & Associates, a multi-national architectural firm out of Atlanta, and BlueWATER Civil Design, based in Greenville with a solid presence across the southeast. Harper Corporation, an award-winning general contractor also based in Greenville, will be handling construction.

The project is being developed by a group led by TPA Group of Atlanta and Greenville-based Appian Investments together with Boston-based Long Wharf Real Estate Partners.

Design plans are solidified, site work and construction have started, and NAI Earle Furman is actively marketing the Augusta Grove #17 building for lease or sale. The project’s estimated date of completion is late summer, 2017.

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Oct
26

NAI Earle Furman Announces Sale Transactions

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NAI Earle Furman logo squareGreenville, SC: Earle Furman, Jr, SIOR of NAI Earle Furman represented the seller, Park Sterling Bank, in the sale of a 6.1 acre land parcel on Villa Road to Riverplace Office III, Inc.

Travelers Rest, SC: Drew Stamm & John Gray, CCIM of NAI Earle Furman represented the purchaser, Pivot Pizza Company, LLC, in procuring a 2,000 SF flex/retail property located at 164 South Main Street from Specialized-Mathews, LLC.

Clinton, SC: Cameron Babbitt of NAI Earle Furman represented the seller, GYG, LLC, in the sale and Hunter Garrett, CCIM, SIOR and John Staunton represented the buyer in the purchase of College Station, a 41,298 SF retail investment property.

Spartanburg, SC: Jake Van Gieson and Graham Mullikin of NAI Earle Furman represented the seller, Southern Specialty Properties of SC, LLC, in the sale of a 16-unit manufactured housing property at 201 Fernwood Park Drive. Cole Morris and Chris Harrison, also of NAI Earle Furman, represented the purchaser, JBL Properties, LLC.

Woodruff, SC: Kevin Pogue of NAI Earle Furman represented the seller, Dorn & Scott Properties, LLC, in the sale of a 3,000 SF retail property at 123 South Main Street to Farah Enterprises, LLC.

Spartanburg, SC: Kevin Pogue of NAI Earle Furman represented the seller, 1854 East Main, LLC, in the sale of a 5,000 SF retail property at 1854 East Main Street to GGH, LLC.

Greenville, SC: Hunter Garrett, CCIM, SIOR and John Staunton of NAI Earle Furman represented the seller, United Community Bank, in the sale of a 2,135 SF office building at 27 West Road to 722 Grove Road to 722 Grove Road, LLC.

Categories : Greenville, Spartanburg
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Oct
24

Two Upstate Apartment Communities Sold

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two soldMonument Capital Management has recently purchased Park West Apartments in Greenville, S.C. and Magnolia Townhomes in Spartanburg, S.C. The multifamily properties are the fifth and sixth acquisitions for the firm’s Monument Opportunity Fund III, which launched last year and will be managed by Monument Capital Management’s sister company, Monument Real Estate Services. According to Yardi Matrix, the property in Greenville changed hands for $16 million.

Located at 357 Hillandale Road, on over 20 acres in north Greenville, Park West Apartments features 305 one- and two-bedroom garden-style residences and 54 two-bedroom townhomes. Amenities include a fitness center, business center, two swimming pools, three laundry facilities and 640 parking spaces.

Magnolia Townhomes is situated at 201 E Blackstock Road on more than eight acres in southwest Spartanburg. The property offers 98 units consisting of 18 one-bedroom garden-style apartments and 80 two- and three-bedroom townhomes. Residents can enjoy amenities including a clubhouse, swimming pool and laundry room.

The company plans to upgrade each property by improving the curb appeal and unit interiors.

Categories : Greenville, Spartanburg
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Oct
23

Colliers Releases Greenville Retail Market Report

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Click on the image below to download the report.

colliers-retail

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Oct
21

NAI Earle Furman Announces Leasing Transactions

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NAI Earle Furman logo squareEasley, SC: Glenn Batson of NAI Earle Furman represented the landlord, Billy Joe Black, in leasing a 5,500 SF industrial building at 3790 Farrs Bridge Road to Bailey Grading & Hauling, LLC.

Pelzer, SC: Towers Rice, CCIM of NAI Earle Furman represented the landlord, Stanley McJunkin, in leasing a 13,000 SF industrial building at 505 John Ross Court to Grid One Solutions, Inc.

Duncan,SC: Glenn Batson of NAI Earle Furman represented the landlord, Mux Properties – Robin Lake Road, LLC, in leasing a 8,400 SF industrial building at 518 Robin Lake Road to Insulation by Cohen’s, LLC. Grice Hunt, Ford Borders, & Clay Williams, also of NAI Earle Furman represented the tenant.

Woodruff, SC: Kevin Pogue of NAI Earle Furman represented the landlord, Hometown News, Inc., in leasing a 12,000 SF industrial building at 438 North Main Street to D & J Cable Contractors, Inc.

Mauldin, SC: Glenn Batson of NAI Earle Furman represented the landlord, Jassy Jot Commercial Properties, LLC, in leasing 7,000 SF of industrial space at 320 West Butler Road to TriFit Barbell, Inc.

Greenville, South Carolina: Keith Jones, CCIM of NAI Earle Furman represented the landlord, Ramsay Warne, LLC, in leasing a 7,578 SF office space at 850 South Pleasantburg Drive to GFM Wellness.

Inman, SC: Dan Dunn and Stuart Smith of NAI Earle Furman represented the landlord, Steeger Real Estate, LLC, in leasing 10,500 SF of industrial space at 2353 Highway 292 South to Machinery Movers and Structural Specialists of SC, Inc.

Greenville, SC: Earle Furman, SIOR of NAI Earle Furman represented the tenant, Yadkin Bank, in leasing 2,925 SF of office space in Riverplace from RiverPlace Office, LLC.

Spartanburg, SC: Andrew Babb and Peter Couchell, CCIM of NAI Earle Furman represented the landlord, Diangikes Holdings, LLC, in leasing a 7,636 SF retail property at 1071 Fernwood Glendale Road to Guacamole Mexican Grill, LLC.

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Oct
20

Newmark Grubb Wilson Kibler’s 3Q16 Market Reports

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Click on the image below to access the reports.

grubb-ellis

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Oct
17

Coldwell Banker Commercial Announces Sale Transactions

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sold signsPete Brett, CCIM, David Sigmon, CCIM and Matt Vanvick of Coldwell Banker Commercial Caine represented 32 Stoney Point Drive, LLC (Purchaser) in the purchase of a +20,300 SF medical office building on +2.68 acres at 32 Stoney Point Dr., Greenville, from Greenville Health System (Seller).

Pete Brett, CCIM, David Sigmon, CCIM and Matt Vanvick of Coldwell Banker Commercial Caine represented Integral HR SC, LLC d/b/a InnovateHR (Purchaser) in the purchase of a +3,700 SF medical office building on +0.36 acre at 713 Pendleton St., Greenville, from A-1 Properties, LLC (Seller), represented by Austin Wilson of Realty Link Development.

Sammy DuBose and Charles Humphreys, CCIM of Coldwell Banker Commercial Caine represented 3PE, LLC (Seller) in the sale of a +6,400 SF office building on +0.9 acre at 725 Lowndes Hill Rd., Greenville, to 725 Lowndes Hill Road, LLC (Purchaser), represented by Mardy Shore of M. S. Shore Company, Inc.

Graham Howle and Lakin Parr of Coldwell Banker Commercial Caine represented David Flint (Seller) in the sale of a +0.28 acre lot at 700 Anderson Rd., Greenville, to Robert Julian d/b/a Wellington Homes (Purchaser).

Rick Cauthen, P.E. of Coldwell Banker Commercial Caine represented DLP Holdings, LLP (Seller) in the sale of a +1,826 office building on +0.491 acre at 107 Hillcrest Ave., Simpsonville, to KNC Holdings, LLC.

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Oct
10

Greenville’s 98 East McBee Apartments Sold

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mcbee-019-ext-sf-large1PRG Real Estate, a leading multifamily real estate investment and management firm, announced the acquisition of 98 East McBee Apartments, located in Greenville, SC. 98 East McBee is a 55-unit luxury apartment community situated in the heart of downtown Greenville, South Carolina.

With a main-and-main address and condo-grade finishes, 98 East McBee is the pinnacle of luxury apartment living in Greenville. Proximity to major employers such as BMW, Michelin, and Fluor along with regional attractions such as Falls Park on the Reedy, the Swamp Rabbit Trail, and the Bon Secours Wellness Arena appoints the property as the Live-Work-Play community in the region.

Completed in 2014, 98 East McBee has some of the largest floor plans found in the urban core of the city with the apartment homes averaging 1,028 square feet. Unit interiors are of condominium-level quality and feature luxury amenities such as 10 foot ceilings, granite counter tops, stainless steel appliances, walk in closets, washers and dryers and door-less walk-in showers. The property’s leasing office and community room will undergo the most substantial updates, with new flooring, furniture and fixtures.

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Oct
10

Colliers Releases Greenville Office Report

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colliers logoInvestment activity in Greenville is escalating as more institutional investors enter the market looking for steady and secure cash flow investments, due in part to the shift of investors from saturated and competitive primary markets to secondary and tertiary markets. High occupancy and asking rental rates are in turn creating a lower-risk environment with opportunity for higher returns for local and out-of-market investors.

An office building has not sold in Greenville in three years and there are now five office buildings and a six building office park on the market. Competition in primary markets has driven institutional investors to look for investment opportunities in tertiary markets like Greenville, improving sale opportunities for building owners.

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Sep
26

Norvell Real Estate Group, LLC Announces Sale Transactions

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norvell logoRaleigh, NC –Frank Norvell, SIOR of Norvell Real Estate Group, LLC and Paul Hartley, SIOR of NAI Avant represented the buyer, REVA Kay Shannon Oaks, LLC in the purchase of Shannon Oaks Office Building , a 57,000 SF 2 story property located at 201 Shannon Oaks Circle, Raleigh, NC for $7,000,000. The seller, Shannon Oaks Holdings, LLC was represented by Avison Young NC, LLC

Greer, SC – Drayton Calmes of Norvell Real Estate Group, LLC represented the buyer, a private investor, in the purchase of a Burger King ground lease located at 6025 Wade Hampton Blvd., for $1,500,000. The seller, Commerce Parkway, LLC was represented by David Hampton of Hampton Investment Properties, LLC.

N. Charleston, SC – Drayton Calmes of Norvell Real Estate Group, LLC represented the buyer, Benbrooke Dorchester Partners, LLC in the purchase of Evanston Plaza, a 70,000SF neighborhood retail center located at 5335 Dorchester Road for $3,025,000.

Charlotte, NC – Frank Norvell, SIOR of Norvell Real Estate Group, LLC represented the buyer, REVA Charlotte Corporate Center, LLC in the purchase of a 20,000 SF REGUS office building located at 6047 Tyvola Glen Circle for $3,975,000.

Austin, TX – Drayton Calmes and Frank Norvell, SIOR of Norvell Real Estate Group, LLC represented a private investor in the purchase of a newly developed $3,200,000, 10,000 SF Learning Experience Daycare facility located in the Brushy Creek area. The developer, Wytex BTS, was self-represented.

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Sep
21

Coldwell Banker Commercial Caine Announces Sale Transactions

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Pete Brett, CCIM, David Sigmon, CCIM and Matt Vanvick represented Nick & Kens, LLC (Purchaser) in the purchase of a +5,613 SF restaurant building on +1.24 acres at 3540 Hwy. 153, Greenville, from DGP, LLC (Seller), represented by Brad Toy with Langston Black Real Estate.

Sammy DuBose and Pete Brett, CCIM represented Hollingsworth Funds, Inc. (Seller) in the sale of a +0.95 acre outparcel at Marketplace Shopping Center, 2419 Laurens Rd., Greenville, to Sandhills Group, LLC dba Bojangles (Purchaser), represented by Michael Spiers of Windsor Aughtry Co., Inc.

Pete Brett, CCIM and Matt Vanvick represented Granite Ridge, LLC (Purchaser) in the purchase of a +6,200 SF medical office building on +1.413 acres at 13 Edgewood Dr., Greenville, from Oakwood Properties of the Upstate, LLC (Seller), represented by Benji Smith and Josh Tew of Flagship Properties, LLC.

Tim Satterfield represented Janet R. Lambert & Robert Rhodes (Seller) in the sale of a +1,670 SF office building on +0.4 acre at 12333 Greenville Hwy., Lyman, to B. Scott Streetman, LLC.

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Sep
12

Greenville’s Largest Industrial Park Sold

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matrix-currenttenant-map-foAt 1,100-acres, The Matrix, the largest industrial park of its kind in Greenville County, has a new owner, a new name, and will soon have a new look. The park’s new ownership entity, Augusta Grove – Greenville, LLC, is a partnership led by TPA Group of Atlanta and Appian Investments, a Greenville-based investment group, together with Greenville County Business Park Public Facilities Corporation as a minority partner. TPA/Appian will manage the venture that now owns more than 700 acres that remain undeveloped within the park. NAI Earle Furman will be overseeing a substantial rebranding effort to reintroduce the park as Augusta Grove – A Greenville SC Business Park. The park will also receive a number of significant improvements including new signage, landscaping and lighting plans.

The Matrix was created more than 15 years ago has until now has been owned and marketed by a county-led initiative. Fueled by the proximity to major interstates, Greenville’s central position along I-85 between Atlanta and Charlotte, and the neighboring South Carolina Technology and Aviation Center (SCTAC, the 2,600-acre former Donaldson Airforce base and home of an expanding group of nearly 100 corporate users such as Michelin and Lockheed), The Matrix has seen success attracting a diverse mix of key successful manufacturing and logistics owners such as GE Aviation, KI Logistics, Roy Metals, The Blood Connection, Sun City Produce, JTEKT, Magna Industries and others.

NAI Earle Furman represented the buyer, Augusta Grove – Greenville, LLC, and will facilitate future land sales and development as well as manage the overall park.

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Sep
12

Integra Sponsors Greenville CRE Forecast

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Integra Realty Resources is proud to sponsor the 13th Annual Greater Greenville Commercial Market Forecast to be held on Thursday, September 29, 2016. The Greater Greenville Association of REALTORS®, CCIM South Carolina Chapter, and SIOR Carolinas Chapter, have partnered to bring you the most comprehensive discussion of commercial real estate trends in the Upstate. I hope to see some SCREnews followers at the event. Click on the photo below to learn more about the event.

greenville-ccim

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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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