Cushman & Wakefield Arranges $6.7M Sale on Behalf of Carolina Commercial Holdings LLC & R 2170 LLC

1.2-Acre Hawkins @ Rampart Offers Rare Redevelopment Opportunity in South End Cushman & Wakefield has arranged the $6.7 million sale of Hawkins @ Rampart, a 1.2-acre site comprising two flex buildings totaling 19,120 square feet, located adjacent to the Lynx Blue Line Light Rail in Charlotte’s South End neighborhood. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield represented the seller, Carolina Commercial Holdings LLC and R 2170 LLC. The buyer was undisclosed.  “Surrounded by Charlotte’s trendiest retailers, breweries and high-density developments, South End is Charlotte’s premier walkable, urban district,” Cochran said. “South End is supported by vibrant neighborhoods, built on transit and fueled with energy and innovation from some of Charlotte’s most diverse and creative people. Hawkins @ Rampart provides a unique opportunity to establish a commanding position in South End.”  The buildings, build in 1987, are located at 2170 Hawkins Street and 210 Rampart Street and are fully leased to three tenants. Currently, there is 900,000 square feet of modern Class A office space under construction in South [...]

2019-09-10T11:03:23-04:00September 10th, 2019|In the News|

Fermin Deoca Joins Cushman & Wakefield as Director

Fermin Deoca has joined Cushman & Wakefield as a Director on the firm’s Industrial team. “Fermin has established a fantastic reputation in the industrial space, and we are excited to have him further bolster our leading industrial platform,” said Brett Gray, Cushman & Wakefield Charlotte Managing Principal. Deoca has 10 years of experience in commercial real estate completing more than 500 transactions. He provides landlords in North and South Carolina a wide range of commercial real estate services including transaction management, acquisitions, dispositions, site selection and investment analysis. Prior to joining Cushman & Wakefield he was a Senior Vice President at Foundry Commercial on a team that leased more than 5 million square feet of industrial space. Previously he was with Cassidy Turley and Cushman & Wakefield | Thalhimer. “I am honored to come back to Cushman & Wakefield, a company highly regarded for its culture and position as one [...]

2019-09-09T11:25:13-04:00September 9th, 2019|In the News|

Cushman & Wakefield Arranges 30,000 SF Lease in Charlotte for Segra Headquarters

Cushman & Wakefield has arranged a 30,000-square-foot lease for Segra’s headquarters at the Woodward Building at Ballantyne, located at 11215 North Community House Road in Charlotte.   Graham Stoneburner, John Christenbury and Keith Bell of Cushman & Wakefield represented Segra in the lease negotiations, and the landlord, Northwood Office, was self-represented by Kim Kendall. Cushman & Wakefield’s Project Development Services team has been retained to oversee build-out.   “We’re delighted to expand our presence in Charlotte and establish our headquarters here,” said Tim Biltz, CEO of Segra. “Charlotte is geographically centered in our service area making it convenient for our customers and regional employees to visit. We expect the new office to be a hub for innovation, a training site to empower our employees and a center to showcase our industry-leading service and customer solutions.”  The Class A, 10-story Woodward Building was built in 2011 and totals 284,212 square feet. The LEED Gold Certified building includes a two-story lobby and all-glass exterior curtain walls. The 2,000-acre Ballantyne community includes more than 4 million square feet of office space, [...]

2019-09-05T12:02:18-04:00September 5th, 2019|In the News|

Cushman & Wakefield Arranges $71.5M Multifamily Sale for Flournoy Development

The District in Asheville, North Carolina, Sells for $231,291 Per Unit Cushman & Wakefield has arranged the $71.5 million sale of The District, a 309-unit apartment community located in Asheville, North Carolina. Jordan McCarley, Marc Robinson, and Watson Bryant of Cushman & Wakefield represented the seller, Flournoy Development, in the transaction. “Cushman & Wakefield executed a seamless transaction for all parties involved and we are excited for new ownership to capitalize on this exceptional asset located directly adjacent to Asheville’s Historic Biltmore Village neighborhood,” said Blake Breimann, Senior Vice President and Chief Investment Officer at Flournoy Development. Amenities include a 2,300-square-foot clubhouse with a state-of-the-art fitness center, game room, lounge, business center and cybercafé, and a heated salt-water pool, fenced-in dog park, picnic area with six grills, and covered car care center. The District’s ideal location in the city’s southern infill submarket offers residents unparalleled connectivity to Asheville’s foremost economic [...]

2019-08-16T13:00:32-04:00August 19th, 2019|In the News|

CAMP North End Announces First Restaurant Lease With James Beard Award Semifinalist Chef Greg Collier

ATCO Properties & Management, developer of Camp North End in partnership with Shorenstein Properties LLC, announced today that it has finalized its first restaurant lease with acclaimed chef Greg Collier, the owner of Uptown Yolk and founder of nonprofit organization Soul Food Sessions, to bring a new culinary destination to Charlotte’s North End. The new 1,800 square-foot restaurant, called Leah & Louise, will be located at the base of 301 Camp Road, adjacent to the recently announced Free Range Brewing, OTPST Station and MacFly Fresh Printing Co. Set to open in late fall 2019, Collier’s latest restaurant concept will be inspired by a traditional Memphis juke joint, featuring Southern-style cuisine, a full-service cocktail bar, a lounge area and live music. Expect the menu to reflect his interpretation of classic Southern dishes, ingredients, and techniques. “We’re working on dishes that have become my staples and show our heritage,” Greg says, “including hoecakes, [...]

2019-07-30T11:22:21-04:00July 29th, 2019|In the News|

Cushman & Wakefield Represents Bucci Development in Disposition of Suburban Charlotte Multifamily Community

The Village at Lake Wylie Sells for More Than $57.7M  Cushman & Wakefield has arranged the $57.755 million sale of The Village at Lake Wylie in Lake Wylie, South Carolina, on behalf of Bucci Development. Jordan McCarley, Tai Cohen, and Marc Robinson of Cushman & Wakefield represented Bucci in the transaction with Southwood Realty/Triangle Real Estate.  Developed in 2002 by Bucci Development, the 392-unit, gated apartment community features an attractive amenities package including a clubhouse with business center and fitness center, swimming pool with modern sun deck, an outdoor fire pit, grilling patio, lake access, complimentary boat parking, a professional-size tennis court, putting green, paved walking trail, playground and car care center.  “The Village at Lake Wylie is situated in the booming southwestern submarket of Charlotte that is marked by development and easy access to both high-end retail and jobs,” McCarley said. This will be a very fruitful investment for Southwood Realty/Triangle Real Estate to capitalize on the continued organic growth [...]

2019-07-15T09:45:24-04:00July 17th, 2019|In the News|

Cushman & Wakefield Arranges Charlotte Investment Sale for Bridge Investment Group

Office Buildings are 93% Leased to 20 Tenants Cushman & Wakefield has arranged the sale of Fairview Center, a two-building office property totaling 182,758 square feet in Charlotte’s SouthPark submarket across from SouthPark Mall. Rob Cochran, Jared Londry, Nolan Ashton, David Meline, and Samir Idris of Cushman & Wakefield represented the seller, Bridge Investment Group, in the transaction. CapRidge Partners, a value-add office investment and management firm located in Austin, Texas, acquired the properties. “Given its location in the heart of SouthPark with the associated walkable amenities and the beautiful renovations executed by Bridge, Fairview Center has enjoyed consistently high occupancy levels and rental rates,” Cochran said. “This stability and potential for strong income growth was especially attractive to CapRidge and other investors considering this offering.” Located at 6302 and 6230 Fairview Road, Fairview Center is 93% leased to 20 tenants. Fairview Center’s parking ratio of 5.0 spaces per 1,000 [...]

2019-07-16T11:57:35-04:00July 16th, 2019|In the News|

Cushman & Wakefield Arranges Sales of Two Multifamily Properties $49.5M

The Madison and Southgate are Primed for Organic Rent Growth   Cushman & Wakefield has arranged the sale of The Madison and Southgate, two apartment communities in Greenville, North Carolina, totaling 645 units for $49.5 million. Watson Bryant, Jordan McCarley and Paul Marley of Cushman & Wakefield represented the seller, SYNCO Properties, in the transaction. Monarch Investment & Management acquired the property.   “We were completely satisfied with the entire sales process and outcome for the two assets, including the large number of high caliber buyers involved in the final negotiations leading to the PSA for the 645 units,” said Timothy Hose, President & CEO of SYNCO Properties.  Surrounded by retail, employment, and a top-notch demographic base, The Madison and Southgate are primed for organic rent growth in addition to opportunities for ancillary income through various value-add and additional revenue initiatives. Strong performance for the Greenville market is expected to continue with effective rents forecasted to maintain sustainable long-term growth, as [...]

2019-07-17T15:57:12-04:00July 16th, 2019|In the News|

Cushman & Wakefield Arranges $22.3M Sale for Upstate Property Rentals

Southern Pines Poised for Continued Rent Growth Cushman & Wakefield has arranged the $22.3 million sale of Southern Pines, a 352-unit apartment community located in Spartanburg, South Carolina. Tai Cohen, Jordan McCarley and Watson Bryant of Cushman & Wakefield represented the seller, Upstate Property Rentals, in the transaction. Represented by SVN Blackstream, Nakash Family Land Trust and Mendel Fischer acquired the property. Funding was provided through Eastern Union and Bancorp. “Southern Pines is located along the commerce-rich I-85 corridor in the East-Spartanburg submarket, surrounded by global employers like BMW, making it a prime investment for new ownership to capitalize on the region’s tremendous growth,” Cohen said. Perfectly located in East Spartanburg with very little supply, Southern Pines, built in 1976, is positioned for continued rent growth. Amenities include two swimming pools, a fenced dog park, fitness center and picnic and grilling areas. Cushman & Wakefield’s Southeast Multifamily Advisory Group ranked [...]

2019-07-15T09:29:25-04:00July 15th, 2019|In the News|

Cushman & Wakefield Selected by Artesia for Property Management and Project Development Services for Arrowood Station

Former Walmart to be Converted to Creative Office Space Cushman & Wakefield has been retained by Artesia for Property Management and Project Development Services for Arrowood Station, located at 801 E. Arrowood Road in Charlotte’s Airport submarket. Josh Hammer will lead Property Management and Andrew Laing will oversee Project Development Services. David Dorsch and Jessica Brown of Cushman & Wakefield are the leasing agents for the property. “We’re honored to partner with such an innovative and forward-thinking group like Artesia,” said Wendy Monroe, Operations Director, Asset Services at Cushman & Wakefield. “Infusing spirit and creating new opportunities for the massive influx of companies to Charlotte is what adaptive reuse is all about. Each submarket and the land beneath it has a patchwork of history, stories and experiences. Playing a role in the ‘future component’ and evolution of Charlotte real estate is something our team is passionate about.” The 115,000-square-foot redevelopment [...]

2019-07-12T14:22:56-04:00July 11th, 2019|In the News|