Another South End Redevelopment
March 13, 2008

In an attempt to get located near the Light Rail, Southend Development Group LLC recently purchased 222 Rampart Street. The property included a 24,142 SF industrial building and the plan for the property is to convert the use to office. Frank McCleneghan and Steve Gentry of Piedmont Properties represented the seller, Kenny Simpson. Clarus Properties represented the buyer.

Firehouse Casual Living Store Purchases Building for Main Warehouse and Clearance Center
January 30, 2008

Lester E. Osborn, CCIM, SIOR of Piedmont Properties represented the Buyer, Debs Pedigo of D& K Assets, LLC, in a recent transaction at 1201 Westinghouse Blvd, Charlotte, NC, a 171,049 SF facility. Mr. Pedigo is owner of Firehouse Casual Living Store and has plans to renovate the building for the main warehouse and a clearance center for Firehouse Casual Living Store and Furniture Marketplace. Firehouse Casual Living Store has stores through North and South Carolina. The Seller was represented by A. Scott Hensley, CCIM,SIOR of Piedmont Properties.

Highly Visible In-Fill Corner Sells
January 1, 2008

Jim Plyler of Piedmont Properties / CORFAC International recently closed on a 4.5 acre parcel located at the corner of Central Ave. and Briar Creek Road in Charlotte. Jim Plyler represented the sellers in the transaction. The buyer, Citiline Resortline Development has started construction on 99 multi-family condo units named the The Vyne. www.thevyne.com

Jim Plyler had been working with the owners for over two years to secure a buyer. The owners did not want any signage on the property since they lived on the property and Jim was able to secure a buyer by personally calling potential buyers from his prospect lists. The property was put under contract to a retail developer that had plans to develop an Aldi anchored shopping center. The corner was, according to the Charlotte Mecklenburg Planning Commission, suppose to be developed as a commercial retail center. When the original buyer ran into opposition from the neighborhood he dropped the development leaving Piedmont Properties back to square one. Shortly thereafter the property went under contract to Citiline Resortline Development. The property was sold for $1.55 million.

Citiline Resortline's affordable HealthyBuilt condos are chock full of style and put environmentally friendly design well within reach. HealthyBuilt certified homes incorporate sustainable building practices to create comfortable, energy efficient homes that are as good for the people living in them as they are for the environment. For more information about the North Carolina HealthyBuilt Homes program visit www.healthybuilthomes.org.

Investment Sale-Northline Drive, Cornelius, NC
October 25, 2007

Steve Gentry and A. Scott Hensley, CCIM, SIOR of Piedmont Properties represented the Seller in a recent investment sale for 18627 & 18631 Northline Drive, Cornelius, NC. The property included 21,600 SF on 1.39 acres and was 100% occupied upon sale. The Buyer was Northline-Cornelius, LLC and was represented by John Box of Percivals.

Local Developer Purchases Land on Westinghouse Blvd
October 24, 2007

Steve Gentry and A. Scott Hensley, CCIM, SIOR represented JKH Properties, LLC (J.K. Hogan, Inc.) in the purchase of 4.22 acres at 11101 Westinghouse Blvd. J.K. Hogan is a local developer and proposes to build (4) 12,000 SF speculative office/warehouse buildings on the property. The buildings will be available for sale or lease. The Seller was Newcomb Spring Corporation and was self represented.

The Goddard School Enters Into 10 Year Lease
June 29, 2007

Jim Plyler and Steve Gentry of Piedmont Properties represented the Seller, Gold Hill Group LLC, in a recent transaction for an 8,000 SF build-to-suit in Gold Hill Commerce Park. The Tenant will be the Goddard School.

J&M Andrews Maintains Current Tenant; Plans Include Expansion
April 24, 2007

Lester Osborn and Steve Gentry of Piedmont Properties represented the Seller in a recent transaction for 606 E Hebron Street, Charlotte, NC; a 22,000 SF industrial building. J&M Andrews, Buyer represented by CB Richard Ellis, will maintain the current tenant, Visual Impressions, and has plans to possibly expand the facility.