http://www.thalhimer.com Press releases, news and blog (appears on homepage) en helpdesk@thalhimer.com Copyright 2013 2013-06-11 http://www.thalhimer.com/site/former_leigh_fibers_industrial_building_sells/ http://www.thalhimer.com/site/former_leigh_fibers_industrial_building_sells/#When:21:17:32Z Cushman & Wakefield | Thalhimer announces the sale of the former Leigh Fibers warehouse located at 2800 Nazareth Church Road in Wellford, SC. Covington Capital purchased the approx. 242,652 sq.ft. industrial property situated on 18.8 acres from Leigh Fibers as an investment.  Covington plans to renovate the building and market from 60,000 to 240,000 sq.ft. as available for lease. Brian J. Young, CCIM, SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the Seller, Leigh Fibers. 2013-06-11 http://www.thalhimer.com/site/park_west_office_condos_sell_as_investment/ http://www.thalhimer.com/site/park_west_office_condos_sell_as_investment/#When:18:48:26Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of an office condominium located at 3405 Salterbeck Street in Charleston, South Carolina. MLD Properties, LLC purchased the two condos totaling approx. 2,300 sq.ft. from East Bay Company Ltd. for $340,000 000 as an investment.  Mark Erickson of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller and has also been retained by the new owner to provide leasing services for the space.  2013-06-07 http://www.thalhimer.com/site/a.l._industries_leases_52000_sf_in_new_caliber_ridge_building/ http://www.thalhimer.com/site/a.l._industries_leases_52000_sf_in_new_caliber_ridge_building/#When:21:20:01Z Cushman & Wakefield | Thalhimer represented Liberty Property Trust in the lease of 52,000 square feet of class A industrial space to A.L. Industries, Inc., for their new manufacturing facility to be constructed in Caliber Ridge Industrial Park in Greer, SC. A.L. Industries, Inc. will produce aftermarket automotive filters and heavy-duty filters for the truck market. Liberty Property Trust plans to break ground soon on this new 156,000 square feet, class A, multi-tenant industrial building at 110 Caliber Ridge, located at the interchange of Highway 101 and I-85 directly across from the BMW Manufacturing Plant. Brian J. Young, CCIM, SIOR and Elliott Fayssoux of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord, Liberty Property Trust, and will also assist the owner in marketing the remaining 104,000 square feet of available space in the building. 2013-06-04 http://www.thalhimer.com/site/full_building_leased_in_woodlake_center/ http://www.thalhimer.com/site/full_building_leased_in_woodlake_center/#When:16:37:56Z Duke Realty and Cushman & Wakefield | Thalhimer are pleased to announce Ernest Packaging, Inc., the package distribution company, has leased the full building (153,990 square feet of space) at 501 Innovation Avenue within Woodlake Center in Morrisville, NC.   Ernest bought the distribution company from Welsh Paper and this will be a new location for Ernest Packaging. Woodlake Center is a master-planned industrial park comprised of seven buildings totaling more than 812,000 square feet of space. Accessibility to Research Triangle Park, Raleigh-Durham International Airport, I-40 and I-540 make it the premier industrial park on the I-40 corridor. Hooker Manning with Duke Realty, along with Jackson Rives of Cushman & Wakefield | Thalhimer, handled the lease negotiations on behalf of Duke Realty 2013-06-04 http://www.thalhimer.com/site/former_estate_specialists_building_sold/ http://www.thalhimer.com/site/former_estate_specialists_building_sold/#When:14:56:17Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of 1220 Commerce Street in Lynchburg, Virginia. 1220 Commerce, LLC purchased the approx. 53,686 sq.ft. freestanding property from Estate Specialists, Inc. for $530,000. The buyer plans to convert the property into approximately 50 loft-style apartments with a restaurant overlooking the Riverfront park located on Jefferson St. This is the buyer’s third downtown Lynchburg property purchased with plans for converting the buildings into mixed-used developments. The Cliff Lofts property has recently been completed with 1220 Commerce Street and a second Commerce Street property slated to be renovated in the near future. George Lupton, CCIM and Norman Moon, CCIM ,SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller. 2013-05-31 http://www.thalhimer.com/site/site_purchased_for_family_dollar_store/ http://www.thalhimer.com/site/site_purchased_for_family_dollar_store/#When:21:04:53Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of approximately 0.9 acres situated at 2839 W. Main Street in Salem, Virginia. Rich, Rich & Phillips purchased the industrial land from Dawn B. DoBoer, Timothy J. Bonham and Darah L. Bonham for $268,000.  A future Family Dollar retail store is planned at this location. Bob Copty and Greg McCray of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser. 2013-05-29 http://www.thalhimer.com/site/intercoastal_waterway_site_sells/ http://www.thalhimer.com/site/intercoastal_waterway_site_sells/#When:19:32:14Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of the approximately 11.84 acres of land situated at Old Crane Road and the InterCoastal Waterway in Little River, South Carolina. Grove Capital  LLC purchased the land from State Bank and Trust Company for $400,000 as an investment. Mark Erickson of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller. 2013-05-28 http://www.thalhimer.com/site/essex_bank_relocating_to_deep_run_iii/ http://www.thalhimer.com/site/essex_bank_relocating_to_deep_run_iii/#When:16:13:15Z Cushman & Wakefield | Thalhimer is pleased to announce Essex Bank, the banking subsidiary of Community Bankers Trust Corporation, has leased 27,487 square feet of office and storage space in Deep Run III, 9954 Mayland Drive in Henrico County, Virginia.  This 348,174 square foot class A, six-story building was previously the headquarters facility for Circuit City. Essex Bank will occupy 25,375 square feet on the entry level floor (2nd) and a 2,112 square foot portion of the lower floor (1st) as conditioned loan document storage. Essex Bank will relocate from its current headquarters at 4235 Innslake Drive, Glen Allen, Virginia in Innsbrook Corporate Center and consolidate certain functions from other locations. This consolidation represents nearly a 50% increase in size for Essex Bank from its current 14,100 square foot space. Their new headquarters will house approximately 90 employees with space for growth to accommodate 120 employees in the future. Additionally, the bank will feature a 24-hour walk up ATM adjacent to the building’s main entrance. Deep Run III is Richmond’s largest multi-tenant suburban office building and features fitness facilities, 150-person conference facility for use by its tenants and a café serving breakfast and lunch. With three other leases pending, the building’s owner anticipates Deep Run III to be 40 to 45% committed by summer 2013. In addition to a multi-million dollar renovation of the facility, ownership has begun construction on a 750-car parking deck which will increase the parking in the building to approximately 1,845 spaces. Austin H. Newman, SIOR and Brian K. Berkey of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the tenant, and Mark E. Douglas, CCIM, SIOR, also with Thalhimer, represented the landlord, DR III, LLC. 2013-05-23 http://www.thalhimer.com/site/478400-sf_britax_building_sells/ http://www.thalhimer.com/site/478400-sf_britax_building_sells/#When:20:59:55Z Cushman & Wakefield | Thalhimer is pleased to have represented The Keith Corporation in the sale of the recently completed Britax building, a 478,400-square foot, Class A industrial build-to-suit in Charlotte, North Carolina’s southwest submarket. S&F Acquisitions, Inc. of Boca Raton, Florida purchased the 100%-leased building for $25,000,000.  The Keith Corporation was represented by Cushman & Wakefield | Thalhimer’s Capital Markets team of Chris Norvell and Scot Humphrey in conjunction with Cushman & Wakefield’s Industrial Advisory Group members Stewart Calhoun, Jim Carpenter and Mike Davis 2013-05-21 http://www.thalhimer.com/site/stewart_moving_and_storage_purchases_facility_for_relocation_of_business/ http://www.thalhimer.com/site/stewart_moving_and_storage_purchases_facility_for_relocation_of_business/#When:15:37:33Z Cushman & Wakefield | Thalhimer is pleased to announce the sale of 14200 Justice Road and 220 Wylderose Court in Chesterfield County, Virginia. Stewart Moving and Storage purchased the approx. 30,000 sq.ft. warehouse property situated on 4.03 acres from CFB Properties, LLC for $2,550,000.  They will relocate their business from Ashland to this location. Scott Douglas, SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the buyer 2013-05-16