APRIL 18, 2011
Carolinas Commercial Properties E-Newsletter
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Haynsworth Sinkler Boyd


Recent News

NEW BOSTON FUND ACQUIRES
HARRIS CORNERS CORP. PARK


Harris Corners 

CHARLOTTE, N.C. -- Boston-based New Boston Fund has acquired the three office buildings comprising Charlotte's Harris Corners Corporate Park for an undisclosed amount. The seller was local company Beacon Partners. While the acquisition price was not disclosed, local reports are claiming the sale price to be approximately $50 million.

 

The building include One, Two and Three Harris Corners, which were constructed in 2000, 2001 and 2006, respectively. One Harris Corners is a four-story, 97,628-square-foot building. Two and Three Harris Corners are both five stories and contain 130,187 and 133,329 square feet, respectively.

 

The three properties had a combined occupancy of 88 percent at the time of closing. Major tenants at the buildings include Polymer Group, Diagnostic Devices, Bank of America, Carrier Corp., Nestle and Husqvarna, which relocated its North American headquarters to the park last year.

 

CB Richard Ellis' Charlotte office represented Beacon Partners in the deal. The brokerage team consisted of Ryan Clutter, Adam Basch and Patrick Gildea. The transaction marks New Boston's first office acquisition in the Charlotte market. It currently has multifamily holdings in the market but is in the process of divesting of those assets.

 

"We're really excited to be in the city in a big way," says Pryse Elam, regional director for the Southeastern United States for New Boston Fund. "We're in the north side of the city, which is an emerging, fast-growth area. Fundamentally, we like the prospects for the city and look to do a lot more business there."

 

Harris Corners Corporate Park is located on 75 acres at the interchange of Interstate 77 and WT Harris Boulevard. Beacon Partners is the park's original developer and will continue to manage and lease it on behalf of New Boston Fund.

 


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WESTOVER BUSINESS CENTER  

TRADES FOR $2.15 MILLION


Westover 

HICKORY, N.C. -- Mayberry Partners has acquired Westover Business Center from Midfirst Bank for $2.15 million. Located in Hickory, the property consists of 103,448 square feet of office and flex space. Stephen Pharr of Collett & Associates represented the seller, and Tommy Luckadoo of Adams Commercial Real Estate represented the buyer.  

 


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Leases

Lease: 52,400 SF (sublease) - Warehouse

Property: 4450 Goer Dr.; North Charleston, S.C.

Sub-Tenant: Frontier Logistics

Sub-Landlord: Leggett & Platt

Brokers: Sub-Tenant - Undisclosed

                Sub-Landlord - Mike Ferrer, Grubb & Ellis | WRS

 

Lease: 20,000 SF (renewal) - Industrial

Property: 106 S. Woods Dr.; Fountain Inn, S.C.

Tenant: Faurecia Interior Systems

Landlord: GTC Properties

Brokers: Tenant - Undisclosed

                Landlord - Hunter Garrett, NAI Earle Furman

 

Lease: 12,918 SF - Office

Property: Central Park South; 5003 S. Miami Blvd.; Durham, N.C.

Tenant: PharPoint Research

Landlord: Undisclosed

Brokers: Tenant - Mac Hammer, Synergy Commercial Advisors

                Landlord - Lee Clyburn and Matt Winters,  

                                  Grubb & Ellis | TLG

 

Lease: 2,453 SF - Retail

Property: 620 Howell Rd.; Greenville, S.C.

Tenant: Studio SI

Landlord: Undisclosed

Brokers: Tenant - Graham Worsham, Colonial Commercial

                Landlord - Undisclosed

 

Lease: 2,070 SF - Retail

Property: 718 S. Main St.

Tenant: Design With Wine

Landlord: Kirkland Co.

Brokers: Tenant - Undisclosed

                Landlord - Jon Good, NAI Earle Furman

 

Lease: 2,000 SF - Retail

Property: Shoppes of Folly; 915 Folly Rd.; Charleston, S.C.

Tenant: Kronic Coffee

Landlord: Kahn Properties South

Brokers: Tenant - Undisclosed

                Landlord - Erin England, Colliers International

 

Lease: 1,680 SF - Retail

Property: The Shops of Mt. Pleasant  

                 320 W. Coleman Blvd.; Mt. Pleasant, S.C.

Tenant: Ebb Tide Gallery

Landlord: Undisclosed

Brokers: Tenant - Undisclosed

                Landlord - Trey Lucy and Blair Belk, Grubb & Ellis | WRS

 


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Groundbreakers CBRE HIRES NEW OFFICE BROKER

Dieckmann headshot

COLUMBIA, S.C. -- Marie Dieckmann has been named an associate for the Office Brokerage team at CB Richard Ellis | Columbia. In her new role, Dieckmann assists in the leasing and sale of office properties in the Midlands area. Prior to her new position, Dieckmann served as a communications and marketing specialist with the firm.  

 


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COLLIERS NAMES TWO NEW SENIOR VP'S


CHARLESTON, S.C. -- The Charleston office of Colliers International has promoted Peter Fennelly and Hagood Morrison to the position of senior vice president. Fennelly manages the office's daily operations and became a partner in 2008. Morrison also became a partner in 2008 and is the director of the the industrial brokerage team.



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Upcoming Events


FEATURED EVENT


SECOND ANNUAL 

INTERFACE CAROLINAS

June 15, 2011

7:30 a.m. to 1:30 p.m.

Charlotte Convention Center

Charlotte, N.C.

 

Vitner headshot

Back by popular demand!

 

Mark Vitner, managing director and senior economist for Wells Fargo Securities, is returning to deliver the keynote address for the Second Annual InterFace Carolinas conference.

 

Make sure to arrive early to hear Vitner talk about  the state of commercial real estate in the Carolinas and his outlook for the rest of the year.

 

Register today, as the conference is sure to fill up fast!

 

 

Click here for more information.


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NAIOP

PIEDMONT TRIAD APRIL MEETING

When: April 20

Where: Old Town Country Club; Winston-Salem, N.C.

Email info@naioptriad.org for more information. 

 

NC-CCIM

TRIANGLE NETWORKING BREAKFAST

When: April 21

Where: Building Showcase Six Forks Place III; Raleigh, N.C.

Click here to register. 

 

NAIOP

RESEARCH TRIANGLE APRIL LUNCHEON

When: April 21

Where: TBD

Email Liz McLean at lizmclean@naioprt.org for more information. 




NC-CCIM

CHARLOTTE HAPPY HOUR

When: April 28

Where: Vivace; Charlotte, N.C.

Click here to register. 

 

TCAR: 16TH ANNUAL COMMERCIAL CLASSIC  

GOLF TOURNAMENT

When: May 2

Where: Hsaentree Golf Course; Wake Forest, N.C.

For more information contact Kim Brennan at kimb@tcar.com or 919.228.2588

 

CREW - MIDLANDS S.C.

MAY LUNCHEON

When: May 3

Where: Brookland Baptist Church Banquet & Conference Center;  

             West Columbia, S.C.

The keynote presentation will be an economic development update for 2011. Gary Morris of Haynsworth Sinkler Boyd will moderate a panel discussion involving several economic development agencies.

For more information and to register, email programs@crewmidlands.org.



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Do you have an upcoming event you would like to see listed here? Send an email with the event details to ccp@francepublications.com.

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