Table Of Content
David Smith, global head of Occupier Insights at Cushman & Wakefield, served as the keynote speaker for the event and offered an economic and commercial real estate outlook for 2024. "Katten is proud to join with Cushman & Wakefield to host a formidable group of thought leaders who offered the community an opportunity to network, share insightful information and celebrate our industry," said Karen Nelson, event host and managing partner of Katten's Charlotte office. "Working together, we will continue to explore how to thrive in this new normal so that we can keep the fundamentals of the commercial real estate market strong in Charlotte and across the country." Furthermore, mid-rise competitors in the submarket offer up to $600 in headroom, ideally positioning Presley Uptown to capture significant rent gains while remaining at a discount to newly delivered high-rise supply ($3.25/SF). Incoming ownership will have the outstanding opportunity close the substantial rent delta to competitors by building upon the property’s existing value-add scope and completing an enhanced, high-end renovation program.
Global Insights
Macy's $584 Million Warehouse Operation Near Charlotte Expected To Create 2800 Jobs - CoStar Group
Macy's $584 Million Warehouse Operation Near Charlotte Expected To Create 2800 Jobs.
Posted: Fri, 31 Mar 2023 07:00:00 GMT [source]
Cushman & Wakefield's Rob Cochran and Bill Harrison will lead the marketing effort for the brokerage.
The Team Around The Table Podcast
Cushman & Wakefield | Thalhimer focuses on landlord and tenant representation of office, retail, flex, distribution and manufacturing facilities as well as the marketing and sale of institutional-grade investment properties. Our alliance with Cushman & Wakefield allows us to leverage local knowledge with global resources and enables us to provide strategic planning and implementation of services which are fully customizable, flexible and results-oriented. The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Giddy Hall, a 171-unit apartment community located in Charlotte, NC. Built in 2023, the property is strategically located in the flourishing pocket of Steele Creek, a submarket characterized by rapid population growth and skyrocketing home values. The Class-A community features best-in-class finishes and top amenities tailored to appeal to area’s burgeoning high-end renter class ($94k Avg. HHI). The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 203-unit Cortland Mooresville apartment community located in Mooresville, North Carolina, a highly sought-after suburb of Charlotte located along Lake Norman.
Featured Services
Some market observers have mused that it could include a mix of uses to complement the office campus, and Gray didn't rule out more office development there. He added that Centene has been "laser-focused" on finding the right partner for the community to take over the site. Centene Corp.'s decision to ax its plans for an East Coast headquarters and campus in Charlotte's University City leaves a new office building and large undeveloped site without a user.
Office & Industrial Space for Lease in North Carolina
The office building was built for a single-tenant, headquarters type of use, but could potentially be converted to multitenant if needed, Gray said. We Leverage Our IntelligenceCushman & Wakefield Charlotte is consistently ranked among the city’s top brokerage firms. We provide expertise in all of the company’s vertically integrated services, representing both occupiers and investors, and brokering transactions across the Carolinas--from the greater Charlotte area, to Asheville, and the rapidly expanding South Carolina suburbs of Charlotte. Over the past 25 years, Charlotte has experienced a tremendous amount of growth, and the area consistently ranks high for its high quality of life, career opportunities and dynamic economy. "We're in an interesting time in the market in that everything that has been delivered has largely been leased up," Gray said.
The 10 most powerful people in Charlotte development who aren't developers - Axios
The 10 most powerful people in Charlotte development who aren't developers.
Posted: Thu, 02 Aug 2018 07:00:00 GMT [source]
Population boom Census data show Charlotte Region among fastest growing metros in US
As a global leader in commercial real estate services with 52,000 employees in over 400 offices and approximately 60 countries, we want to make the most of every opportunity for our clients—because our city, community, planet and future is what we make it. Cushman & Wakefield is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more.
Cushman & Wakefield is working with Centene to market the campus, which is more than 130 acres, for lease or sale. The 800,000-square-foot office building there is set to deliver in the coming weeks, bringing "extremely prime space" available for users, Brett Gray, managing principal at Cushman & Wakefield's Charlotte office, told the Charlotte Business Journal. The Cushman & Wakefield Sunbelt Multifamily Advisory Group has built a reputation as one of the most dynamic, professional, and hands-on multifamily teams in the industry. With offices located throughout the Sunbelt, our 95-person team is strategically positioned to serve clients across the spectrum of multifamily investments. If it’s time for you to buy, sell, lease or modify your property portfolio, the options can seem endless and the information needed to make a wise decision can be overwhelming. As the market leader we have met this challenge head on by working as a results-oriented team that provides comprehensive solutions.
"A lot of these new buildings that are being delivered are not going to be delivered until 2024 at the earliest, with some going into 2025 and beyond." There's a better way to outsource corporate real estate—and it starts with choosing the right team. The partnership with our clients starts with our listening intently to their needs and understanding their short- and long-term goals. This gives us the necessary information to lead them to results that add maximum value to their company or to their individual portfolio. We speak your language, understand your issues and find commercially viable solutions to help drive business. Gray said it is rare for new, Class A office space of this size to be available in the Charlotte market.
Connection to the global capital markets network provides clients with a national and international reach for buyers and capital. Whether your portfolio extends beyond Charlotte, or you simply want to understand how global real estate trends can impact your strategy, we’re here to help. Benefit from market intelligence and insights drawn from Cushman & Wakefield’s 400 global offices in 70 countries.
Presley Uptown’s accretive assumable debt offers positive leverage day one with a 3.25% rate and 6 years IO remaining. Our long-standing super regional approach to the 15 states ensures the team’s coverage and execution model provides clients greater market intelligence and wider market exposure when selling their assets. The ability to specialize by product type, client profiles, and regional geography, gives our team a much stronger position to add value on each assignment.
"I think it provides opportunity and what it does is provides a blank slate for a user or an investor for future growth there," Gray said of the additional land at the Centene site. Built in 2017, Cortland Mooresville represents the opportunity to invest in a highly amenitized, core plus asset with recent leases achieving 10% growth over average in place rents, and a clear $300 rent runway to newly delivered assets in the submarket. We Put Companies In Their SpaceWhether your portfolio extends beyond Virginia and South Carolina, or you simply want to understand how global real-estate trends can impact your strategy, we’re here to help. The site's size and vacant land also open it up to a range of opportunities for future development.
No comments:
Post a Comment