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Committed to the Upstate. ConneCted to the World.
NAI Earle Furman, LLC3rd Quarter 2011 Newsletter
INtroduCINg huFF CrEEk propErtIEsNAI Earle Furman, LLC introduces Huff Creek Properties, a new timber and recreational land division. As a division of NAI Earle Furman, Huff Creek Properties offers professional brokerage services including the full representation of buyers and sellers in land transactions and management services including lease management, wildlife management, and maintenance/upkeep.
Existing as a division of NAIEF, Huff Creek Properties has full access to the New America International (NAI) global network. This network consists of 5,000 real estate professionals and 350 offices in 55 countries throughout the world and has annual transactions of over $45 billion. As the world's only managed network of real estate firms, NAI works to help clients strategically optimize their assets throughout the world. Our membership in this network allows us to provide clients with unmatched exposure on a piece of property.
Learn More About Huff Creek Properties
www.huffcreekproperties.comhuffcreekproperties.com/blog
Rusty Hamrickemail: [email protected]
phone: 864-678-5999
Drew Stammemail: [email protected]
phone: 864-678-5996
Industrial division News
Committed to the Upstate. ConneCted to the World.
rECENt trANsACtIoNsGreenville, South Carolina: Earle Furman, Jr. SIOR, Alexi Papapieris & John Staunton of NAI Earle Furman represented CapCar Realty 1.1, LLC in selling a 123,334 SF industrial building located at 2200 Poinsett Highway.
Greenville, South Carolina: Glenn Batson of NAI Earle Furman represented the owner of 609 South Washington Avenue in selling a 16,000 SF industrial building. Batson also represented the landlord of Saluda Park on Highway 153 in leasing two 4,680 SF industrial spaces. Arc Labs, LLC and Top Level Management Services will occupy the spaces.
Greenville, South Carolina: John Baldwin of NAI Earle Furman represented the landlord of 101 Milledge Road in renewing Perrigo’s 98,200 SF lease. The property is located at the SC Technology and Aviation Center (SC-TAC).
Mauldin, South Carolina: Grice Hunt, Ford Borders, SIOR and John Staunton of NAI Earle Furman, LLC represented the landlord in leasing a 95,000 SF of warehouse space in the Trinity Commerce Center located at 1312 Old Stage Rd in Simpsonville. The team also represented Fehrer Automotive in leasing a 93,971 SF industrial space at 1825 E. Main Street in Duncan.
INdustrIAL FACILIty For sALE1750 MArtIN rd. - spArtANburg, sC
Contact Information: Jon A. Good, SIOR & John Baldwintel: 864 232 9040
email: [email protected] & [email protected]
NAI EArLE FurMAN brokErsMAjor INdustrIAL LEAsE
Property DetailsFormer Somet Building located just off I-85 Business • Frontage Road±43,000 SF Industrial Facility on 8.96 Acres• Masonry Construction• Heated and Cooled Warehouse• Ceiling Height: Showroom - 18.5’, Warehouse – 21’-22’ • High & 19’ Low 2 Ton Gib Crane• (2) 8x10 Dock High Doors• All Utilities on Site• Sale Price: $1,995,000•
Ford Borders, SIOR, Grice Hunt & John Staunton recently leased a total of 346,000 SF of manufacturing and warehouse space in two transactions at 575 Mauldin Rd, Greenville SC, one of which includes the recent 292,000 SF relocation and expansion of Confluence Watersports.
575 Mauldin Road
Office Group News
Committed to the Upstate. ConneCted to the World.
rECENt trANsACtIoNsGreenville, South Carolina: John Gray, Jr., CCIM of NAI Earle Furman represented Plantation Financial Corp. in leasing a 15,020 SF office space located at 935 S. Main Street in Greenville.
Greenville, South Carolina: Stuart Wyeth of NAI Earle Furman represented OZRE Greenville in leasing a 7,216 SF office space in Park Central office park located on North Pleasantburg Drive. The space was leased to Website Pipeline.
Greenville, South Carolina: Tyson Smoak and David Feild, CCIM of NAI Earle Furman represented The Terranova Group in leasing a 4,040 SF office space located at 631 South Main Street in downtown Greenville.
Office Division News
oFFICE buILdINg For sALE - 224 FEAstEr rd, grEENvILLE
Property Details:±4,500 SF Building Divided into Three Separate Office • Condos Suite A - ±1,500 SF• Suite B - ±1,500 SF• Suite C - ±1,500 SF LEASED• Plenty of Parking on Site• Suites A and B can be Combined or Leased Separately.• Zoned OD• Floor Plan on Back• Sale Price: $520,000• Lease Rate: $11.00/SF NNN•
Contact Information: Scott Jones, SIOR & Keith Jonestel: 864 232 9040 or email: [email protected]
NAI EArLE FurMAN brokErs sALE oF dowNtowN oFFICE buILdINg
The Bergamo Building, a 32,000 SF mixed use building located at 103 N. Main Street in Downtown Greenville sold on July 26 to PTRE Holdings, LLC. The buyer plans significant renovations and Proaxis Physical Therapy will occupy the 3rd floor as a corporate headquarters. Scott Jones, SIOR and Keith Jones of NAI Earle Furman represented the seller.
NAI EArLE FurMAN brokErs 90,000 sF rENEwAL
Peter Couchell, CCIM and Stuart Wyeth recently represented the landlord of 2000 Wade Hampton Boulevard in the renewal of IBM’s 90,000 SF office lease.
retail division News
Committed to the Upstate. ConneCted to the World.
brEAkwAtEr rEstAurANt CoMINg to grEENvILLE
Harry Croxton of NAI Earle Furman recently leased a 4,350 restaurant space located at 802 S. Main Street in Greenville’s West End. The former Rio Grille will soon be home to Breakwater Restaurant and Bar, an award-winning restaurant established in Beaufort, South Carolina.
Their ‘New Southern Cuisine’ offers a younger, lighter, and fresher take than traditional Southern deep-fried fare while acknowledging culinary influences from the world beyond. A signature of the restaurant is a fun and friendly atmosphere offering warm Southern hospitality.
“Responding to frequent requests from Greenville visitors to the Beaufort/Hilton Head area, Breakwater’s chef & owners Gary Lang and Beth Shaw will bring their unique and inspirational dishes to downtown Greenville this fall. Voted Best Fine Dining in Beaufort” by the Beaufort Gazette readers and a “Diner’s Choice” award winner from OpenTable.com, Breakwater promises to add another feather to Greenville’s burgeoning fine dining cap,” Harry Croxton commented.
±52,511 SF Shopping Center located in the Center of Town• Current Tenants Include: Family Dollar, The Money Store, El Titanic • All Brick Construction (1996)• ±11.7 Acres, 271 Parking Spaces• City of Belton, Population 4,400• County of Anderson, Population 184,000• Great Retail or Owner/User Opportunity• Strong Upside Potential • Priced to Sell at $26.64/SF•
pALMEtto pLACE605 & 607 south MAIN strEEt bELtoN, sC 29627
Contact Information: Ted Lyerly, CCIM & Jimmy Wrighttel: 864 232 9040 or email: [email protected]
Anderson, South Carolina: Tim Roller of NAI Earle Furman represented the landlord of Anderson Station in renewing Bed Bath and Beyond’s 22,398 SF retail space. Roller also represented the landlord in the renewal of Ross’s 30,187 SF retail space. Anderson Station offers approximately 200,000 SF of retail space and is among the major shopping centers in Anderson. Other tenants include Old Navy, Pier 1 Imports and Hobby Lobby.
Greenville, South Carolina: Bill Sims and Jake Van Gieson of NAI Earle Furman represented the landlord of Wade Hampton Square in leasing a 9,686 SF retail space to Dollar General. The retail center is located at 1014 Wade Hampton Blvd. in Greenville.
Greenville, South Carolina: Harry Croxton of NAI Earle Furman represented the owner of 640 South Main Street in selling a 2,936 SF retail space. The purchaser, Illuminati, was represented by Keith Jones and Scott Jones, SIOR, also of NAI Earle Furman. The space is located in the West End area of downtown Greenville.
rECENt trANsACtIoNs
Investment division News
Committed to the Upstate. ConneCted to the World.
SOLD! dorMAN CrossroAds
Spartanburg, South Carolina: Peter Couchell, CCIM and Jimmy Wright of NAI Earle Furman represented the owner of Dorman Crossroads in selling the 9,833 SF retail property located at 1501 W.O. Ezell Blvd in Spartanburg. The property was purchased by an investor for $2,370,000.
property details±7,200 SF Retail Strip Center • 100% Leased by National Tenants• (1) 5-Yr & (2) 10-Yr Leases Corporately Guaranteed• Estimated Commencement Date: December 2011• Regional Shopping Area• Neighboring Uses Include: Wal-Mart, Home Depot, Lowes, Best Buy, • WestGate Mall, Sam’s & TargetExcellent Visibility & Easy Access via WO Ezell Boulevard• Sales Price: $2,580,000• Cap Rate: 8.51%• Contact Agent for Marketing Package•
Contact Information: Jimmy Wright & Peter Couchell, CCIMtel: 864 232 9040email: [email protected]@naiearlefurman.com
SOLD! MArkEt pLACE shoppINg CENtEr
Simpsonville, South Carolina: John Gray, CCIM of NAI Earle Furman represented the owner of Market Place Shopping Center in selling the 34,00 SF retail property located at NE Main Street in Simpsonville. The investor, represented by Jake Van Gieson and Bill Sims also of NAI Earle Furman, purchased the center.
1490 wo EzELL bLvd - spArtANburg, sC100% oCCupIEd by 3 tENANts/8.51% CAp rAtE
Committed to the Upstate. ConneCted to the World.
joN A. good NAMEd ChIEF ExECutIvE oFFICEr
Company News
NAI Earle Furman is pleased to announce that Jon A. Good has been named Chief Executive Officer effective January of 2012. Company founder Earle Furman remains as Chairman, Broker-in-Charge and Executive Committee Member. A Greenville native, Good is a graduate of Furman University and has been with the firm since January of 2000, including serving two previous terms on the firm’s Executive Committee. He has served as Director of the Greater Greenville Association of Realtors and was named Commercial Realtor of the Year in 2003. “We are thrilled to elevate Jon to the CEO position,” said Earle Furman. “His experience as a top-producing broker, as well as being a key player in management of the firm will enable him to help our company achieve its vision.”
kEIth joNEs NAMEd to LEAdErshIp grEENvILLE NAI Earle Furman is pleased to announce that Keith Jones has been named to the Greenville Chamber’s Leadership Greenville Program.
Leadership Greenville is a program designed and facilitated by the Greenville Chamber to help develop informed, committed and qualified leaders for Greenville County. Leadership Greenville requires a 10-month commitment. Participants are selected through an application process based upon their past involvement in the community and their ability to set and achieve high personal goals.
In 2005 Keith joined NAI Earle Furman, LLC as a broker in the Office Division. Keith is currently in the process of completing his CCIM designation, Certified Commercial Investment Member. He assists landlords and tenants in the sale and lease of office properties primarily in the Greenville Suburban market. He has participated in over 150 transactions totaling over $25 million in value since 2008. He also received the COSTAR Power Broker Award in 2006, 2007, 2009, & 2010.
LINdsEy CorbEtt joINs propErty MANAgEMENt dIvIsIoN
Lindsey Corbett has recently joined NAI Earle Furman as a lease administrator in the Property Management Division. She brings ten years experience to the NAI Earle Furman team.
She was born & raised in Martinsville, VA where she attended Patrick Henry Community College and received an Associate’s degree in Accounting.
About Us
Committed to the Upstate. ConneCted to the World.
Founded by J. Earle Furman in 1986, NAI Earle Furman, LLC has become a leading full service commercial real estate brokerage firm in the Upstate of South Carolina specializing in the office, industrial, investment and retail sectors. NAI Earle Furman, LLC offers a wide range of services through brokerage and property management groups. A partnership with NAI Global allows NAI Earle Furman, LLC to access a network of worldwide real estate connections and offer international commercial real estate services to Upstate clients, while retaining local personality and knowledge. The firm has 50 team members and in the past three years the firm has completed an average of 340 transactions per year. The property management team has grown exponentially in recent years and manages over 5 million square feet of commercial space in North and South Carolina.
brokErAgE sErvICEsTenant Representation• Landlord Representation• Market Analysis• Site Selection• Lease Versus Own Analysis• Due Diligence Consulting• Lease Review and Renewal Services• Tax Deferred Exchanges• Development• Land Acquisition and Disposition•
About Us
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Visit the home page of naiearlefurman.com and click opportunity mailing list to receive investment opportunities and quarterly market reports.
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propErty MANAgEMENt sErvICEsFormal property inspections each month with a copy of the inspection • report included in the monthly reportFace-to-face monthly meetings with each tenant to identify and address • tenant needsFast and effective response to tenant needs, repairs and maintenance • requestsContinual evaluation of vendor contracts and services to insure the best • results and fair pricingThorough review of all operational invoices prior to payment• Annual budget submission with periodic reports which provide monthly • and year-to-date tracking of operational expensesAfter-hour emergency response to urgent problems• In-house maintenance services with a team of technicians that is second • to none as it relates to customer service, skilled maintenance care, fair pricing and trust
101 East Washington Street Suite 400Greenville, South Carolina 29601
tel 864 232 9040fax 864 235 4300
www.naiearlefurman.com
