Archive for Greer

Sep
27

Greer Officials Working with Hotel Developer

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hotel question markGreer officials must be pretty excited about a developer’s plan to build a hotel somewhere in the city, judging from the code name they’ve assigned – Project Kaboom.

At the moment, they’re keeping tight-lipped about the plan as they negotiate an agreement with the developer.

The only information they’ve released so far is contained in an ordinance that City Council approved at first reading on Sept. 26.

The ordinance says the developer intends to build a hotel with at least 100 rooms and invite other developers to build commercial/retail facilities on adjacent property.

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Categories : Greer
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May
22

Greer Mill Building to be Converted to Apartments

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Lofts RenderingTucked away off E. Wade Hampton Boulevard in Greer is a former mill community that is undergoing a makeover.

Apalache Mill, which opened in 1888, had a grist mill, a saw mill and a small textile mill. It was one of the first mills to be built in the Spartanburg area, and remained active until 2007. The building and 7.2-acre property it sits on is being refurbished into residential apartments called Lofts by the Lake at Apalache Mill. The development is located at 2200 Racing Road in Greer.

Upstate developer Dale Goodrich is turning the abandoned mill into 97 one- and two-bedroom units. The proposed apartment community will feature high-end, loft-style amenities including massive two-story windows, pine columns, exposed historic brick walls, lake views in 51 of the units, and communal resources including lake access and kayak shoots.

 

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Mar
13

Coldwell Banker Commercial Caine Announces Sales

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cbcc-logoGreenville: Pete Brett, CCIM, David Sigmon, CCIM and Matt Vanvick of Coldwell Banker Commercial Caine represented Kellett Properties, LLC (Seller) in the sale of a +11,628 SF industrial facility on +2.96 acres at 201 Beverly Road, to Ferguson Builders, LLC (Purchaser).

Greenville: Rick Cauthen, P.E. of Coldwell Banker Commercial Caine represented Four Seasons Properties, LLC (Seller) in the sale of +2.12 acres at 6 McPrice Ct., to Parador Investments, LLC (Purchaser).

Taylors: Robert Zimmerman of Coldwell Banker Commercial Caine represented Wade Hampton Plaza, LLC (Seller) in the sale of a +44,274 SF retail shopping center on +3.2 acres at 2830 Wade Hampton Blvd., to JDG Properties, LLC (Purchaser).

Greer: Graham Howle and Lakin Parr of Coldwell Banker Commercial Caine represented Ben F. Killingsworth, Sr. (Seller) in the sale of a +2,450 SF retail building on +0.6 acre at 102 Park Ave., to Timothy A. Freeman (Purchaser).

Greer: Tim Satterfield of Coldwell Banker Commercial Caine represented Virginia Sue Suddeth (Seller) in the sale of +7.1 acres at 871 Victor Hill Rd., to Plastic Omnium Auto Exterior, LLC (Purchaser).

Spartanburg: Tim Satterfield of Coldwell Banker Commercial Caine represented Wiuka Co., LLC (Purchaser) in the purchase of a +1,684 SF residential duplex on +0.37 acre at 123 Canterbury Rd., from Jolyn P. Lewis (Seller).

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May
25

NAI Earle Furman Announces Sale Transactions

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Boiling Springs: Dan Dunn of NAI Earle Furman represented the seller, Creal Family Ltd Partnership, in selling 7.62 acres of vacant land on Candlenut Lane to Dhirubhai Patel.

Easley: Towers Rice, CCIM of NAI Earle Furman represented the seller, TSW Properties, in selling a 3,200 SF industrial building at 250 Enterprise Drive to 711 Properties, LLC.

Spartanburg: Jake Van Gieson, Bill Sims, Gaston Albergotti and Graham Mullikin of NAI Earle Furman represented the seller, Kalclay Properties, LLC, in the sale of a 10,000 SF retail property at 2932 Reidville Road to Carl Fraley, Jr.

Piedmont: Glenn Batson of NAI Earle Furman represented the seller, Ron’s TV, in the sale of a 25,000 SF industrial property at 141 Country Manor Road to Country Manor Holdings.

Greenville: Scott Jones, SIOR of NAI Earle Furman represented the landlord, Three J PED, LLC and The Garrison Group, Inc., in the sale of a 8,200 SF of office building at 3527 Pelham Road. Ford Borders, SIOR; Grice Hunt, SIOR; and Clay Williams, also of NAI Earle Furman represented the buyer, JDG Holdings, LLC.

Greer: Edward Wingate of NAI Earle Furman represented the seller, Pointer Properties, LLC, in the sale of a retail investment property at 903 South Suber Road. John Gray, CCIM and Drew Stamm, also of NAI Earle Furman, represented the buyer, NV, LLC.

Moore: Edward Wingate of NAI Earle Furman represented the seller, Roebuck DG, LLC, in the sale of a retail investment property at 1790 East Blackstock Road. John Gray, CCIM and Drew Stamm, also of NAI Earle Furman, represented the buyer, NV, LLC.

Anderson: Kay Hill, Tony Bonitati and Bern Dupree of NAI Earle Furman represented the seller, Bailey Court, LLC, in the sale of Bailey Court, a 100-unit multi-family property, to Morrison Avenue Capital Partners, LLC.

Travelers Rest: Alex Campbell and Jake Van Gieson of NAI Earle Furman represented the seller, SC Tool Corp, in the sale of a 20,900 SF industrial property located at 1 Tungsten Trail to RRC USA Corp.

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Apr
15

NAI Earle Furman Announces Recent Sales

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sold signsGreenville: Keith Jones, CCIM, Kevin Pogue and Kelly Sullivan of NAI Earle Furman represented the purchaser, JSF Woodruff Road, LLC, in purchasing 2.45 acres of vacant land on Woodruff Road from Gray Property Holdings, LLC.

Spartanburg: Tony Bonitati, Kay Hill and Bern DuPree of NAI Earle Furman represented the seller, Triangle Real Estate of Gastonia, Inc., in the sale of Whispering Pines, a 312-unit multi-family property, to Cedar Grove Whispering Pines, LLC.

Greer: Hunter Garrett, CCIM, SIOR and John Staunton of NAI Earle Furman represented the purchaser, 865 Victor Hill Investments, LLC, in purchasing 10.47 acres of vacant land at 865 Victor Hill Road from ABL Investments of Spartanburg, LLC.

Spartanburg: Jake Van Gieson, Bill Sims, Gaston Albergotti and Graham Mullikin of NAI Earle Furman represented the seller, TD Bank, NA, in the sale of a manufactured housing property at 2101 Fernwood Glendale Road to Southern Specialty Properties of SC, LLC.

Pauline: Andrew Babb of NAI Earle Furman represented the seller, Patel & Company, Inc., in the sale of a 4,500 SF retail property at 2610 Highway 56 to RL Jordan Oil Company of North Carolina, Inc.

Greenville: Jake Van Gieson, Bill Sims, Gaston Albergotti and Graham Mullikin of NAI Earle Furman represented the seller, Aggregate Property Greenville, LLC, in the sale of a 6,000 SF office property at 216 Wellington Avenue to De Bruin Commercial Holdings, Inc.

Greer: Glenn Batson of NAI Earle Furman represented the seller, Mux Properties – Robin Lake Road, LLC, in the sale of a 35,000 SF industrial building at 1075 Victor Hill Road to One 8 Five, LLC.

Simpsonville: John Gray, CCIM and Drew Stamm of NAI Earle Furman represented the seller, Discover Church Ministries, in the sale of a 35,968 SF church building at 806 Southeast Main Street to Hope Church of SC, Inc.

Belton: Jake Van Gieson, Bill Sims, Gaston Albergotti and Graham Mullikin of NAI Earle Furman represented the purchaser, Bad Company Properties, LLC, in purchasing 223.24 acres of vacant land at 136 River Road from Shults Properties, LP.

Easley: Keith Jones and Kelly Sullivan of NAI Earle Furman represented the seller, JBK Real Estate, LLC, in the sale of a 2,600 SF office at 403 Hillcrest Drive to Sidney Blythe, Harold Blythe, and Tammy Blythe.

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Dec
01

Upstate Building Permits on the Rise

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building-permitThere were more residential than commercial building permits issued in the third quarter in the Upstate, according to a report by Knoxville, Tenn-based Market Edge. The majority of the permits were issued in Greenville and Spartanburg counties. The report classified the Upstate as the counties of Abbeville, Anderson, Greenville, Greenwood, Laurens, Oconee, Pickens and Spartanburg.

Gary Splawn, permits administrator for Spartanburg County, said the number of permits issued depends on the time of the year.

“We usually see the numbers increase in the spring and continue strong through the summer,” he said. “And most of what we’re seeing in terms of residential permits are individual homeowners getting permits for additions to their homes.”

Eric Vinson, director of planning and code compliance for Greenville County, said the same process can be seen in Greenville County.

“The housing permits are definitely cyclical in nature, as we typically have higher levels of construction in the second and third quarters,” he said. “We have seen more residential renovation which explains the higher overall permit numbers.”

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Jun
04

SC Inland Port’s Impact on CRE Unclear

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sc inland portWith business at the S.C. Inland Port exceeding projections and continuing to set monthly highs, sales of commercial properties in the vicinity of the rail-truck terminal are also riding a wave. Sales agents and economic developers said the 18-month-old inland port has enhanced the appeal of the commercial landscape but its biggest splash is ahead.

While BMW has already proved a magnet for suppliers and other commercial prospects and is the port’s largest user, the S.C. State Ports Authority and Norfolk Southern refuse to identify other customers. Adidas has confirmed it uses the intermodal terminal, which connects manufacturers and distributors with the Port of Charleston, and ports officials have said there are users in other states.

Ports authority Senior Vice President Jack Ellenberg has said the inland port has about a dozen customers. While that secrecy leaves the port’s connection to commercial property transactions largely to speculation, Brian Nash of the Spartanburg Economic Futures Group said it is “another tool that differentiates us from a lot of other locations. It gives companies an opportunity to diversify their supply chain solutions.”

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Categories : Greenville, Greer
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Jun
04

Holiday Inn at Greenville Airport Sold

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holiday inn gville airportThe Ehmer Group, a San Francisco-based member of Hotel Brokers International, has announced the sale of the Holiday Inn Express & Suites Greenville Airport located at 2681 Dry Pocket Road in Greer, South Carolina. The Buyer, Waramaug Hospitality Group, acquired the hotel and has retained Interstate Hotels & Resorts to operate the hotel. Richard Ehmer, President of The Ehmer Group, arranged the sale.

The Holiday Inn Express & Suites Greenville Airport is an 83-room, three-story limited service hotel sitting on a 2.2 acre lot. It is located just ten miles from downtown Greenville and three miles from the Greenville-Spartanburg International Airport. The hotel underwent a complete PIP renovation in 2009 and the Buyer has announced plans to initiate a comprehensive refurbishment to reflect updated brand standards.

The Holiday Inn Express & Suites Greenville Airport“The Holiday Inn Express & Suites presented an attractive opportunity to invest in a quality branded select-service property in the Greenville area – a reliable lodging market, a market that has experienced substantial improvements in Occupancy, ADR, and RevPAR over the last three years, a trend that will likely continue into the foreseeable future,” said Mr. Ehmer.

Categories : Greenville, Greer
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Dec
18

Norvell RE Group Announces Recent Transactions

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norvell logoCharleston, SC – Drayton Calmes, principal at Norvell Real Estate Group, LLC, recently represented the buyer, Marshall Bridge Capital, LLC, in the $1,515,000 sale of an 18,500SF office/warehouse building located at 3445 Buffalo Avenue, North Charleston. The building is 100% to HD Supply. Charlie Moore of Carolina Commercial represented the Seller.

Greer, SC – Drayton Calmes, principal at Norvell Real Estate Group, LLC, recently represented the buyer, an undisclosed 1031 investor, in the $6,087,000 sale of 14,550 SF Walgreens on 1.67AC located at 1232 Wade Hampton Blvd, Greer, SC.  The seller was Centennial American Properties.

Categories : Charleston, Greer
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Dec
02

Another Spec Building Planned for Greer

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Liberty Property Trust is breaking ground on its fourth building at Caliber Ridge Industrial Park in Greer, a 156,000-square-foot warehouse that’s expected to be ready for occupancy in April. A regional vice president for the real estate investment trust confirmed 130 Caliber Ridge Drive is a spec building but said there is “solid activity” from lease prospects.

Harper Corp. is the contractor, and MCA Architecture and Arbor Engineering are providing architectural and civil engineering services.

Massie Flippin, vice president and city manager for the trust based in Malvern, Pa., said having “direct connectivity” to Interstate 85, close access to the S.C. Inland Port and being between Greenville and Spartanburg make the park a prime location. There are “quite a few companies in expansion mode right now,” Flippin said.

He said in a statement that tenant demand in the market is “solid and we look forward to accommodating our customers’ future growth.” He said recent development and acquisition activity have boosted the trust’s “Carolinas portfolio to approximately 7.5 million square feet across North and South Carolina.”

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Jun
22

170 Apartment-Style Homes Planned for Greer

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A community of 170-175 single-family apartment-style homes was given City Planning Commission’s approval Monday on 44.6-acres at Foxfield Way and Chandler Road.

The commission also approved rezoning the development as a Design Review District (DRD). “I like that better because if there are any changes to the design we can have them (Redwood Living, Inc.) back here to answer for it,” Brian Martin, commissioner, said.

The commissioners voted unanimously, 5-0, absent two commissioners – Chris Harrison and Clay Jones – who previously resigned.

Scott Gillespie, of Redwood Acquisitions, facing a dozen residents from nearby Abner Creek communities, explained the unique concept in a presentation that appeared to win over many of the skeptics. It will be the first complex in Greer featuring two-bedroom, two-bathroom apartments with a privately attached garage for two vehicles and entry.

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Categories : Greenville, Greer
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Dec
12

Bi-Lo Center Sold at 7.9% Cap Rate

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Slate U.S. Opportunity (No. 3) Realty Trust has announced that it has completed the acquisition of Dill Creek Plaza located in Greer, South Carolina. It was purchased at an approximate 7.9% going-in cap rate, based upon the reported price of $8,300,000 ($114/SF) . The 72,526 square foot property is 100% occupied and is anchored by a BI-LO grocery store.

Categories : Greenville, Greer
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Sep
27

Four Trends Spurring Growth of Inland Ports

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With the new inland port being built in Greer, SC, this might be of interest to you.

Inland ports that serve the Midwest and other interior sections of the country should continue to experience strong growth in the future, according to Curtis Magleby, senior managing director and regional head, U.S. Capital Markets West, for Cushman & Wakefield; Michael Berry, president of Hillwood Properties; and Stephen Crosby, president of CSX Real Property, all of whom spoke at NAIOP’s I.con: The Industrial Conference in Los Angeles in June.

What is an inland port? According to a 2011 Jones Lang LaSalle report, Perspectives on the Global Supply Chain, it is “a hub designed to move international shipments more efficiently and effectively from maritime ports inland for distribution throughout the U.S. heartland.”

Not every big intermodal hub away from a major seaport is an inland port. Inland ports feature most or all of the following characteristics: regional multimodal transportation infrastructure; a Class I railroad intermodal hub (port connectivity); a Foreign Trade Zone; a diverse, broadly skilled workforce; land availability (entitled development sites); and economic incentives.

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Dec
28

Greer Inland Port Construction Set to Begin

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The S.C. State Ports Authority board authorized the port’s CEO and CFO to borrow no more than $30 million to develop, build, operate and maintain the inland port in Greer. The loan’s rate can’t exceed 5% and should be paid over at most 20 years, the board said at its last meeting of 2012.

The port is moving quickly on its inland port in Greer, ports staff said, and it expects to open Sept. 1. Crews will begin moving earth during the second or third week of January, and the inland port’s design is almost complete.

The ports authority announced plans earlier this year to build the S.C. Inland Port, linking the Port of Charleston to Greer by Norfolk Southern rail. Manufacturers throughout the Upstate and the Southeast are likely to use the facility, Ports authority CEO Jim Newsome previously said.

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Feb
16

Greer’s Piedmont Market Place to be Renovated

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Piedmont Market Place, located near the corner of South Buncombe and Wade Hampton Boulevard in Greer, will be renovated as Kohl’s Department Store has acquired the former K-Mart building from Passco Greer Piedmont, LLC, consisting of approximately 66,970 square feet. A rebranding of the shopping center will include a name change to Piedmont Market Place and construction will commence of Phase I immediately. Greenville, S.C.-based Navarro Real Estate and Irvine, Calif.-based Passco Development Cos. will develop the project in two phases. Harper Construction will serve as the general contractor, while Johnston Design Group will be the project architect.

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