Philly Pretzel Factory Coming to Rosewood Shopping Center
Columbia, SC (July 16, 2019) – Philly Pretzel Factory recently leased space in the Publix-anchored Rosewood Shopping Center. The company, which has over 100 franchised locations across the U.S and is “the world’s largest Philly-style pretzel bakery, according to the company’s website, specializes in soft pretzels and party trays. According to the franchise owner, the location at 2800 Rosewood Dr. will be open by the beginning of October.
Wilson Kibler retail specialists William Mills and John Mills represented the landlord in the lease. One 2,400-square-foot space remains available in the center.
Investor purchases five-unit student housing property near the University of South Carolina for $715,000
Investor Purchases Five-Unit Student Housing Property for $715,000
Columbia, SC (June 24, 2019) – Brooks Owings and Bill Bunch of Wilson Kibler represented the buyer, W2C USC Three, LLC, and the seller, ARKA, LLC, in the recent off-market purchase of a five-unit, twelve-bed multifamily property at 828 Gregg St. The property, located one block from Capstone House, sold for $715,000 and was fully occupied at the time of sale.
Wilson Kibler represents Getronics in $1.63 million investment expected to create 500 jobs
Greenville, SC (June 20, 2019) – Wilson Kibler’s Edward Wilson represented European-based IT company, Getronics, in the recent 32,987-square-foot lease at 650 Executive Center Drive in Park 37. Getronics held a ribbon-cutting ceremony on Wednesday to celebrate its relocation to the new Greenville service center—a move that represents a $1.63 million capital investment in Greenville and is expected to create 500 jobs. Wilson also represented the company in the 26,998-square-foot lease at 510 Airport Blvd. in February 2018, where its retail software services group continues to operate.
Getronics has nearly 9,000 employees in 23 countries across Asia, Europe, Latin America, and North America. The company “provides business transformation expertise in Managed Workspace, Applications, Industry-specific Software Solutions, Multi-Cloud Management, Unified Communications, and Security Services,” according to a news release. Getronics partners with Microsoft, Apple, Lenovo, Cisco, and Hewlett Packard, among others, in serving its clients that include Whirlpool, Subway, ING, Fifth Third Bank, Sfere, PSMar, Unipart Automotive, and many other companies, government agencies and institutions for higher education.
Marjorie Chabot, Director of the Global Service Desk at Getronics, stated, “We have found great space for our new employees. That is all due to Edward Wilson and Wilson/Kibler taking the time to understand our business so that we could identify the correct space for our needs. Edward is always forward-looking when considering our growth in the community and our future needs. Wilson/Kibler was a true partner in helping us find the perfect space.”
“We have been fortunate to provide real estate services to a fantastic company. Getronics has created a unique company culture that is both encouraging to observe and participate in through our role in supporting their growth,” said Wilson. “We look forward to their continued growth in our community and the positive impact they have created through job growth, international diversity, quality customer service, and additional awareness brought to the Greenville market.”
National Nonprofit Organization to Relocate South Carolina Headquarters to Greenville
National engineering and surveying group purchases new headquarters for $13.5M
National engineering and surveying group purchases new headquarters for $13.5M – Upstate Business Journal
Wilson Kibler now independently operated firm
Wilson Kibler now independently operated
Wilson Kibler becomes the largest independently operated commercial real estate firm in Columbia
Wilson Kibler Becomes the Largest Independently Operated Commercial Real Estate Firm in Columbia
Columbia, SC (May 20, 2019) – Wilson Kibler announced today a rebranding initiative following its separation from its global partner Newmark Knight Frank earlier this year. The commercial real estate firm, which has operated in South Carolina since 1987, unveiled a new logo to accompany its name change and expanding focus on serving the Southeast. The newly autonomous company is now the largest independently operated commercial real estate firm in Columbia.
“We have decided to return to our roots and forge ahead as an independent firm for a reason—our clients. We feel we are best able to serve our clients by working independently of a national flag and focusing on our expertise in the region,” said Wilson Kibler president, Det Bowers.
Wilson Kibler specializes in a range of commercial real estate and property management services, including tenant and buyer representation, leasing, acquisition and disposition, property management, development, and consultation.
Wilson Kibler Brokers the Sale of 200 Verdae for $13.5 million
Greenville, SC (May 20, 2019) – Wilson Kibler’s Edward Wilson and Robert Carter represented the seller, ET III Greenville, LLC, in the recent sale of 200 Verdae Blvd. for $13.5 million. Cushman & Wakefield | Thalhimer’s Kacie Jackson, SIOR, Laura Harmon and Kyle Berdugo represented the purchaser, the National Council of Examiners for Engineering and Surveying (NCEES). NCEES plans to occupy the building.
NCEES is a national nonprofit organization that develops, administers, and scores the examinations used for engineering and surveying licensure in the United States. It also facilitates professional mobility and uniformity of the licensure processes through services it provides for its member licensing boards and licensees.
“We were fortunate to represent a seller with a demonstrated interest in the long-term health of the Greenville office market. Once occupied, this sale will lead to one of the largest net office absorbencies in Greenville County over the past two years. We believe NCEES will be a great asset to Verdae and enhance Greenville’s outstanding engineering reputation. We have been extremely blessed to work with most institutional engineering firms in our market and thankful for the support each firm provides to our surrounding industries and government agencies. NCEES’s commitment to the engineering firms within our market should have a lasting impact on the region,” said Edward Wilson.
NCEES is a national nonprofit organization made up of the engineering and surveying licensing boards from across the United States and its territories. It provides a range of services to support licensure and public protection, including developing the exams used to license professional engineers and surveyors.
“The new headquarters will provide a better position for the growth of the organization and allow NCEES to better support its member boards and the professions of engineering and surveying,” NCEES CEO David Cox said in a statement. “NCEES is entering its second century of advancing licensure for engineers and surveyors, and this move will help us better fulfill our mission to safeguard the health, safety, and welfare of the public.”
NCEES brings hundreds of professional engineers and surveyors from across the country each year to its headquarters to assist with exam development. Therefore, the move is also expected to have an annual economic impact of $1 million for the Greenville tourism and hospitality industry, including local hotels, catering, restaurants, and transportation.
The relocation will be completed in the spring of 2020, which will coincide with the organization’s 100th anniversary.
Wilson Kibler Brokers the Sale of 113 Executive Pointe Blvd. for $495,000
Columbia, SC (April 23, 2019) – Coleman Davis and Boo K. Moca, of Wilson Kibler, represented the seller in the disposition of the 10,000 square foot office building located at 113 Executive Point Blvd. for $495,000. The purchaser plans to occupy the space.
TSP Delivery leases 40,000 square feet in Andrews
Andrews, SC (April 3, 2019) – TSP Delivery, a family-owned business operating out of a 93,000-square-foot warehouse in Newton, NC, recently leased 40,000 square feet at 55 Conifer Street in Andrews, S.C. in order to expand its service area. The company plans to use the space as a distribution hub and chose the location because it is directly between the Charleston and Myrtle Beach markets. William Gregg, Alex Irwin, and James Rogers of Wilson Kibler facilitated the transaction, which is expected to bring 15 to 20 jobs to the area with above-market wages.
TSP specializes in the delivery of appliances, furniture, electronics, bedding, and cabinets. It currently serves over 14 cities within a 135-mile radius of its current location, including Rock Hill and Gaffney in South Carolina.
Residential real estate agents expect 2019 to remain steady
Veteran-Owned and Operated Hot Sauce Company Expanding in Columbia
Columbia, SC (January 7, 2018) – Smoke Hall Foods L3C, the veteran-owned and operated parent company of The General’s Hot Sauce, has announced it will relocate its business headquarters from 804B S. Edisto Ave to 2651 Shop Rd. in Columbia.
The General’s Hot Sauce produces all-natural, small batch, award-winning hot sauces using exclusively American-made ingredients, according to the company’s website, which says the company’s primary objectives include creating jobs for veterans and supporting American farmers. The General’s Hot Sauce donates a meaningful percentage of its profits to organizations that support American Veterans, troops and their families.
“Although we’ll always have agricultural roots in Louisiana, our business and bottling operations have always been based in South Carolina,” said CEO Dan Ballister. “We’re growing quickly, and we need more space not only for warehousing a larger overall business operation, but also to support pepper processing here in South Carolina given our recent partnership with Rawl Farms in Lexington. We could not be more excited to plant our flag a little deeper in the Palmetto state.”
William Mills of Wilson Kibler and Mason Harpe of HR Developers, LLC represented the tenant in the 3,500-square-foot lease.
Newmark Grubb Wilson Kibler brokers sale of 23,000-square-foot warehouse to ShayoNano USA, Inc.
Columbia, SC (September 6, 2018) – Newmark Grubb Wilson Kibler’s George McCutchen, CCIM, SIOR represented the seller in the recent sale of 23,000 square feet at 564 Ecology Ln. to ShayoNano USA, Inc. The 22-acre campus will house SayoNano’s new Chester county operations.
ShayoNano develops nanomaterials for use in various commercial applications, including paints and coatings, fire retardants and more. The company’s $14.7 million capital investment is projected to bring approximately 40 new jobs to the community.
“It brings tremendous satisfaction to help a company expand to South Carolina and create jobs, which increase the well-being of those workers, their families, and our whole state,” said McCutchen of the recent sale.
About Wilson Kibler
Newmark Grubb Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Grubb Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Grubb Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
Wesley Shull Joins Newmark Grubb Wilson Kibler as a Property Manager
Columbia, S.C. (August 30, 2018) – Newmark Grubb Wilson Kibler announced today that Wesley Shull has joined its Columbia office as a property manager. Shull will work primarily in retail, office and flex property management and will be responsible for the oversight of property operations, finances and engagement of third-party vendors as they relate to his portfolio of assigned properties.
Prior to Newmark Grubb Wilson Kibler, Shull served as property manager at Carolina Walk Condominiums. Shull worked as a machine operator at Michelin prior to starting his career in property management.
“We are pleased to have Wesley join our Property Management team in the Columbia office. His industrious background, attention to detail and strong work ethic make him a natural fit for our team.” Haskell Kibler, CPM, LEED GA said in a statement. Kibler serves as Newmark Grubb Wilson Kibler’s asset manager for the firm’s six statewide offices.
About Wilson Kibler
Newmark Grubb Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Grubb Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Grubb Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
Base 10 Fitness Relocating to Rosewood
Columbia, SC (April 25, 2018) – Base 10 Fitness is relocating its current Columbia location at 1055 Market Rd. to 2917 Rosewood Dr., according to commercial real estate firm Newmark Wilson Kibler.
Co-owner’s Megan & Brandon Keatley opened Base 10 in Columbia in 2014 after publishing a best-selling nutrition cookbook, “Primal Cravings: Your Favorite Foods Made Paleo.” According to the company’s website, Base 10’s personal training sessions focus on the following 10 physical skills: cardiovascular/respiratory endurance, stamina, strength, flexibility, power, speed, coordination, agility, balance and accuracy.
Newmark Wilson Kibler’s William Mills and Bill Ratteree represented the landlord in the transaction.
“It’s always exciting to be a part of a relocation that will bring so much value to the local community,” said Mills, “Base 10 will be an excellent addition to the Shandon neighborhood.”
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
Newmark Wilson Kibler Represents Buyer in Sale of Butler Road Office Building
Greenville, SC (April 18, 2018) – Newmark Wilson Kibler’s Edward Wilson, in partnership with Charlie Whitmire of The Whitmire Co., LLC, represented the buyer in the recent off-market sale of the Jacob’s Building at 1041 Butler Rd. in Greenville. The 210,126-square-foot office building sold to ET III Greenville JEC, LLC. Jacobs will continue to lease the space.
“We were very fortunate to help facilitate this purchase and sale,” said Edward Wilson of the transaction. “We believe this was a great purchase for the buyer client and works well for their conservative investment model. Good deals have been hard to find in today’s active real estate market – we are grateful for the opportunity to source a great deal in a competitive landscape.”
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
Newmark Wilson Kibler recognized with CoStar Power Broker Awards
Newmark Wilson Kibler Recognized with CoStar Power Broker Awards
Columbia, S.C. (April 3, 2018) – The top-performing commercial real estate firms and brokers in Columbia in 2017 were recognized as winners of the annual CoStar Power Broker Awards this week. Newmark Wilson Kibler has been named one of the top leasing firms in the Columbia market and principal, George McCutchen, CCIM, SIOR, has been recognized as one of the top industrial leasing agents.
Every year, CoStar’s research team verifies and records the commercial real estate sales and lease transactions that closed during the previous year. From that information, CoStar presents CoStar Power Broker Awards to a select number of brokerage firms and individual brokers who closed the highest overall transaction volumes in commercial property sales and leases within their respective markets.
“The integrity and production of our brokers is exemplary,” said Det Bowers, Newmark Wilson Kibler’s president. “We appreciate the opportunities our clients allow for us to bring them the highest value for their real estate assets.”
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
Newmark Wilson Kibler Opening Greenville Office
Columbia, S.C. (February 19, 2018) – Newmark Wilson Kibler announced today it is opening an office in Greenville. Edward Wilson and Givens Stewart, SIOR, have joined the firm as managing partners of the new office, which will be located at 101 East McBee Ave.
Edward Wilson will focus on the sale and leasing of office and retail properties, according to a statement from Newmark Wilson Kibler. He joins the company after nearly a year and a half at Cushman & Wakefield, where he was vice president of its Greenville office division. Wilson has worked closely with WCM Global Wealth as a portfolio manager and assisted with the acquisition of the Greenville News site, commonly known as the Camperdown development, the statement said.
“Edward’s experience in leasing, sales and development make him a valuable resource in Greenville’s expanding market,” said Wilson Kibler president, Det Bowers.
Givens Stewart, SIOR will specialize in industrial brokerage, as well as investment and land sales, according to the statement. He comes to the firm after seventeen years at Colliers International, where he was a vice president of its Greenville office.
“Givens is the best in class. He brings expertise, innovation and integrity to an outstanding team of brokers,” Bowers said in the statement.
“Wilson Kibler’s reputation in the state makes Greenville a natural place to start an office. With industry veterans well-known and respected by their peers, clients and customers, you can expect the Greenville office to experience dynamic growth,” said Stewart.
“South Carolina’s upstate has a vibrant community with an unparalleled quality of life. Our elected officials along with their economic development partners have an outstanding performance record. The suburban office market remains healthy while a slight increase in downtown vacancy raises some concern,” Wilson said. “Increased office demand in downtown markets will be critical in maintaining upward rate increases in other asset classes to include retail, multifamily and hospitality.”
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
William Gregg Joins Newmark Wilson Kibler as a Property Management Associate
Columbia, S.C. (January 31, 2018) – Newmark Wilson Kibler announced today that William Gregg has joined its Columbia office as a property management associate. Gregg will work primarily in retail, office and flex property management and will be responsible for the oversight of property operations, finances and engagement of third-party vendors as they relate to his portfolio of assigned properties.
Prior to Newmark Wilson Kibler, Gregg served as a residential sales and leasing agent for a Columbia-based property management firm. Before starting his career in property management, he worked as a business systems analyst for Blanchard Machinery Company.
“We are pleased to have William join our Property Management team. His knowledge and professionalism are great attributes as we continue to grow our managed portfolio throughout South Carolina,” Haskell Kibler, CPM, LEED-GA said in a statement. Kibler serves as Newmark Wilson Kibler’s asset manager for the firm’s five statewide offices.
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
Knight’s Companies Announces Plans to Expand its Redi-Mix Operations in the Midlands
Knight’s Companies of Summerville, S.C. announced plans today to expand its current Redi-Mix operations in Blythewood and the Irmo with a third location at 1320 Pineview Road in Southeast Columbia.
George McCutchen of Newmark Wilson Kibler aided Knight’s Companies in the purchase and says they ultimately chose this site in Southeast Columbia for the expansion after performing numerous soil tests to identify a location suitable for the heavy weights involved in concrete production. Knight’s Redi-Mix produces concrete for both commercial and residential applications.
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
Newmark Wilson Kibler represents buyer of Forest Executive Plaza in $1.92 million sale
Capital Waste Services announces plans to expand to Southeast Columbia
Newmark Wilson Kibler Represents Buyer of Forest Executive Plaza in $1.92 Million Sale
Columbia, SC (January 22, 2017) – Mike Edwards and Brooks Owings of Newmark Wilson Kibler represented the buyer in the recent sale of Forest Executive Plaza at 4500 Ft. Jackson Blvd. The 32,518-square-foot multi-tenant property sold to 4500 Fort Jackson, LLC. for $1.92 million. The new owner will occupy a portion of the space and continue to lease the remainder. Newmark Wilson Kibler will handle the leasing of the property.
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
Report forecasts continued rise in rental rates, driven by job growth
Capital Waste Services Announces Plans to Expand to Southeast Columbia
Capital Waste Services announced plans today to relocate its current operations at 3 Mauney Court and 105 North Shorecrest Road to a larger location in Southeast Columbia. The Columbia-based waste service company recently leased 15,000 square feet on 4.3 acres at 1450 Bluff Road. George McCutchen of Newmark Wilson Kibler represented the landlord and Jeremy Wilson represented Capital Waste Services in the lease.
N.C. Interiors Contracting of Gastonia, N.C. purchased 1450 Bluff Road last August and will continue to occupy a portion of the 17,000-square-foot space. One-and-a-half acres of yard remains available for lease.
Capital Waste Services is a locally-owned and operated waste service company serving residents, businesses and municipalities in the Midlands of South Carolina. They provide residential, commercial and industrial waste collection, disposal and recycling services.
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
George McCutchen Donates $10,000 to Eastminster Church In Honor of Late Wilson Kibler President and Co-founder
George McCutchen, CCIM, SIOR donated $10,000 to Eastminster Church this week in honor of Newmark Wilson Kibler’s late president and co-founder, Marshall Kibler. The donation will serve to benefit local and international charities including Family Shelter, Haiti Hurricane Relief, Harvest Hope Food Bank, Jubilee Academy and Living Waters for the World.
McCutchen said of Kibler, “He was a dedicated partner, and I still miss his charm and humor. He was insightful and always calm in a sometimes stressful industry. He was a great and witty gentleman.”
Marshall Kibler and Jeremy Wilson co-founded Newmark Wilson Kibler, a prominent statewide commercial real estate firm, in 1987. Kibler passed away unexpectedly in March 2016. He was a founding member of The Capital Rotary Club and a Paul Harris Fellow. He achieved the esteemed real estate designations of Society of Industrial and Office Realtor (SIOR) and Certified Commercial Investment Member (CCIM), a designation only 5% of all commercial real estate professionals hold.
Donations can be made to Eastminster Church by contacting their offices at (803) 256-1654 or by visiting the church at 3200 Trenholm Rd, Columbia, S.C. 29204.
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
EPA’s Brownfields Program Aids in Redeveloping Contaminated Properties in City of Columbia
EPA’s Brownfields Program provides grants and technical assistance to safely clean up and sustainably reuse qualified contaminated properties in the City of Columbia. A brownfield property is one that may be complicated by, or have the stigma of being complicated by, the presence of hazardous substances, pollutants, contaminants, controlled substances or petroleum/petroleum products. Sites that often qualify include:
- Solvent contamination sources – former dry cleaners, printers, junkyards, auto repair facilities
- Hazardous waste/waste sites – former industrial/manufacturing properties, treatment/storage/disposal (TSD) facilities, landfills
- Petroleum contamination sites – former distribution facilities, convenience stores, automobile repair facilities
During the process, the potential purchaser applies with DHEC as a Non-Responsible Party (NRP), asserting the intended reuse of the property will not be similar to the current operation or exacerbate the current contamination. Once approved, the NRP can enter into a Voluntary Cleanup Contract (VCC) managed by DHEC.
The inception of the Brownfields program signifies the first time that a documented contaminated property can be bought and redeveloped without environmental liability to the new owner. The indemnity is transferable to any subsequent owner.
Redevelopment of these once contaminated properties has the added benefits of job creation and increasing the local tax base, in addition to taking the pressure off of undeveloped and underutilized properties.
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Newmark Wilson Kibler provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for clients throughout all phases of an assignment. Newmark Wilson Kibler is an Accredited Management Organization and its professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
Newmark Wilson Kibler Donates $2,350 to Home Works of America
Newmark Wilson Kibler is giving back to the Midlands community with a donation of $2,350 to Home Works of America after volunteering with the organization.
Newmark Wilson Kibler’s employees volunteered in a one-day blitz on September 15th where business volunteer groups set out to repair 5 or more homes in the City of Columbia. NWK volunteers aided in the event by making essential repairs to a Columbia resident’s home.
Home Works of America is a 501(c)(3) nonprofit who works to repair homes of homeowners in need, assist youth in their development, and empower communities to care for their members. Since 1996, Home Works of America has been annually repairing 100-130 homes across South Carolina, North Carolina and Georgia, aiding more than 2,600 elderly, disabled or veteran homeowners while mentoring 42,000 youth/adult volunteers through the repair process.
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, Rock Hill and Myrtle Beach, South Carolina. Our firm provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for our clients throughout all phases of our assignments. Our firm is an Accredited Management Organization and our professionals hold prestigious designations including CCIM, CPM and SIOR. For further information visit www.wilsonkibler.com.
Shop Road site sold for $2.3 million
Newmark Wilson Kibler Aids Charlotte Contractor’s Expansion with $1.7 Million Sale at 1450 Bluff Road
Columbia, SC (Augusta 9, 2017) – Newmark Wilson Kibler, a leading real estate services firm, is pleased to announce the recent sale of 1450 Bluff Road to NC Interiors Contracting of Gastonia, N.C for $1.7 million. George McCutchen, CCIM, SIOR represented the seller in the transaction.
NC Interiors Contracting, who specializes in governmental facility construction services, is expanding its presence to the Columbia market.
McCutchen said of the transaction, “I enjoy helping folks grow their operations. NC Interiors Contracting does beautiful work, specializing in government facilities. Their expansion from Charlotte to Columbia makes perfect sense because it is the capital of the state, and home to Fort Jackson, and USC.
The 17,000 SF space on 5.8 acres is located at the corner of Bluff Rd. and Idlewilde Dr. and was formerly an 18-wheeler truck repair facility. It has road frontage on Idlewilde and Key Roads.
About Wilson Kibler
Newmark Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, and Myrtle Beach, South Carolina. Our firm provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for our clients throughout all phases of our assignments. Our firm is an Accredited Management Organization and our professionals hold prestigious designations including CCIM, CPM and SIOR.
For further information visit www.wilsonkibler.com.
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Speculative Construction on the Rise in Lowcountry Industrial Market
Newmark Grubb Wilson Kibler Releases Quarterly Market Report
Columbia, S.C. (April 24, 2017) – Newmark Grubb Wilson Kibler, a leading real estate services firm, has released its market reports for first-quarter 2017. Charleston’s industrial and office real estate markets continue to report healthy numbers.
The Charleston office market ended the first quarter of 2017 with a vacancy rate of 7.1%, up from the previous quarter’s 6.6% vacancy rate, largely due to the number of deliveries seen across the market.
Some of the notable deliveries in the quarter included:
- 2387 Clements Ferry Road— A 41,420-square-foot facility, currently boasting 100% occupancy
- 526 Johnnie Dodds Boulevard—A 9,135-square-foot building, currently at 42% occupancy
During first-quarter 2017, five buildings totaling 57,055 square feet were completed in the Charleston/North
Charleston market area. This compares to four buildings totaling 26,307 square feet in the previous quarter.
Vacant sublease space, on the other hand, declined significantly, down to 27,150 square feet in the first-quarter 2017 from 41,088 square feet in the previous quarter.
Rental rates continued to rise across the market, reaching a record high of $21.31/SF in the first-quarter 2017. Buildings across all classes demanded all-time-high rates. Class A buildings quoted rates of $30.41/SF, while Class B Buildings quoted $18.96/S.
The largest least signings over the quarter included:
- The 19,515-square-foot lease signed by The Salvation Army at 6209 Rivers Avenue in the North Charleston market
- The 12,736-square-foot lease signed by Cornerstone Wealth Advisory at 8550 Dorchester Road in the Dorchester County market
- The 6,854-square-foot lease signed by Sweetgrass Pediatrics at Sweetgrass Pediatrics Park West in the Mount Pleasant Market
The Charleston industrial market saw its overall vacancy rate hit a record low of 5.5% in the first quarter of 2017, down from 6.6% in the previous quarter. At the same time, rental rates continued to rise, with quoted rates across the market clocking in at $5.66/SF. Flex rates were up to $15.48/SF from $13.12/SF in the previous quarter, while warehouse rates increased to $5.17/SF from $4.99/SF over the same time period.
Six buildings totaling 292,002 square feet were completed in the Charleston/North Charleston market area during the first-quarter 2017. This compares to four buildings totaling 504,010 square feet completed in fourth-quarter 2016. Despite reporting lower numbers, there were still 6.8 million square feet of industrial space under construction at the end of the first-quarter 2017, so expect to see a healthy number of deliveries in the coming year.
Notable deliveries thus far in 2017 included:
- Airport Commerce Center, Building 300, a 100,000-square-foot facility that currently boasts 100% occupancy
- Google Data Center, an 82,505 square-foot building that is also currently 100% occupied
The largest lease signings during 2017 included:
- The 50,000-square-foot lease signed by The Inspectors, LLC at Berchtold in the North Charleston market
- The 39,000-square-foot de4al signed by Chadwell Supply South Carolina at Crosspoint Building 5 in the North Charleston market
- The 36,000-square-foot lease signed by Texene, LLC at 315 Industrial Drive in the Dorchester County market
To view full reports for Charleston, Greenville and Columbia please visit www.wilsonkibler.com/research.
About Newmark Grubb Wilson Kibler
Newmark Grubb Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, and Myrtle Beach, South Carolina. Our firm provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for our clients throughout all phases of our assignments. Our firm is an Accredited Management Organization and our professionals hold prestigious designations including CCIM, CPM and SIOR.
For further information visit www.wilsonkibler.com.
Vacancy Down in Columbia’s Office, Industrial Real Estate Markets
Vacancy Down in Columbia’s Office & Industrial Real Estate Markets
Columbia, S.C. (April 24, 2017) – Newmark Grubb Wilson Kibler, a leading real estate services firm, has released its market reports for first-quarter 2017. Columbia’s industrial and office real estate markets showed lower vacancy rates over the previous quarter, reflecting a healthy market overall.
The Columbia office market vacancy fell to 6.5% during first-quarter 2017- the lowest rate the market has seen in a decade.
Rental rates remained steady during the first quarter, with a mere 0.1% increase from $15.79/SF from $15.78/SF at the end of the fourth-quarter 2016. The Class A sector boasted rates of $20.78/SF, while Class B rates held strong at $14.96/SF and Class C at $13.27/SF. North Columbia led across classes with the highest rental rates in the market, averaging $23.13/SF.
One building was delivered during first-quarter 2017, totaling 2,500 square feet. This compares to one building totaling 4,300 square feet completed in fourth-quarter 2016. 74,460 square feet of office space remained under construction in the Columbia market by the end of the quarter.
The largest lease signings occurring in 2017 included:
- The 5,306-square-foot lease signed by Midlands Montessori School, LLC at Gibson Commons in the Lexington market
- The 4,000-square-foot deal signed by The Body Shop at 1720 Dutch Fork Road in the Dutch Fork/Irmo market
- The 3,000-square-foot lease signed by Five Eleven, Inc. at 1 Windsor Cove in the Northeast Columbia market
The Columbia industrial market vacancy also fell this quarter, from 8.0% in fourth-quarter 2016 to 7.2% first-quarter 2017. Absorption for the overall Columbia industrial market, including flex and warehouse space, was positive 519,065 square feet. This reflects a tightening industrial market nationwide, as retailers and logistics companies are moving to occupy warehouses across the country to ensure online orders reach customers as quickly as possible.
Combined flex and warehouse rates in the Columbia market declined slightly in first-quarter 2017 to $3.90/SF, down from $3.93/SF in the previous quarter. In fact, rates are currently at a two-year low after reaching a high of $4.35/SF in first-quarter 2015. Flex space rental rates dropped to $6.48/SF this quarter from $8.08/SF in fourth-quarter 2016. Warehouse rates fell slightly to $3.65/SF from $3.69/SF during the same time period.
The largest lease signings occurring thus far in 2017 included:
- The 32,000-square-foot lease signed by Bridgestone at 1080 Shop Road in the Southeast Columbia market
- The 12,500-square-foot deal signed by American Foam Products at 1000 Fontaine Road in the Northeast Columbia market
- The 7,239-square-foot lease signed by Metro Treatment of South Carolina at 560 Chris drive in the Cayce West Columbia market
To view full reports for Charleston, Greenville and Columbia please visit www.wilsonkibler.com/research.
About Newmark Grubb Wilson Kibler
Newmark Grubb Wilson Kibler is a full-service commercial real estate company with offices in Columbia, Charleston, Greenville, and Myrtle Beach, South Carolina. Our firm provides a broad range of commercial real estate services throughout the state, including tenant and buyer representation, project leasing, acquisition and disposition, property management, development and consultation. Each of these services is staffed by highly regarded professionals focused on providing value for our clients throughout all phases of our assignments. Our firm is an Accredited Management Organization and our professionals hold prestigious designations including CCIM, CPM and SIOR.
For further information visit www.wilsonkibler.com.
