Airport Distribution Center sells for $19.2 Million

Posted on April 3, 2014 by - Greensboro/Winston-Salem/High Point, Industrial, Investment, Triad CIE

Airport Distribution Center

CIP Real Estate sold the Airport Distribution Center off of Chimney Rock Road in Greensboro, North Carolina on March 14, 2014 for $19.2 million to PRF III / SPI-ADC LLC. This park is made up of five buildings totaling 764,500 square feet. The first building is located at 202 Chimney Rock Road and totals 220,000 square feet. The second building is located at 204 Chimney Rock Road and totals 28,000 square feet. The third building is located at 206 Chimney Rock Road and totals 200,000 square feet. The remaining two buildings are located at 311 Chimney Rock Road and are 187,500 and 129,000 square feet respectively.

CIP Real Estate purchased the property from Highwoods Properties in 2010 for $12.3 million. Following a renovation, successful leasing efforts have reduced the vacancy levels at the property. Current tenants include Bunzl Distribution, FedEx Office, Lewis Storage, Mediterranean Snack Food Co, and Polo.

Childress Klein Responds to Tightening Warehouse Market

Posted on March 31, 2014 by - Charlotte, Construction Update, Development, Industrial, SiteIndex

Childress Klein began marketing 310,690 square feet of speculative warehouse space at Ridge Creek West I in response to the tightening warehouse market in the Charlotte region.

Construction of the new building is scheduled to begin the first week of April and should complete by the end of 2014. The building will feature a 30’ clear height, 52’ wide by 50’ deep column spacing and access to extensive on-site trailer storage that will be ideal for distributors and manufactures seeking easy access to I-77, I-485, Highway 49 and the Charlotte/Douglas International Airport.

Charlotte’s 2013-year-end vacancy rate was reported at 6.9% and was the lowest recorded warehouse vacancy rate since KARNES began tracking the market in 1988. Nearly 930,000 square feet of positive net demand was reported in the Southwest warehouse submarket through 2013 resulting in a 7.5% vacancy rate to end the year.

At 310,690 square feet, Ridge Creek West I will be the largest warehouse building under construction in the region. Steele Creek Commerce Park, also in the Southwest submarket, was the only speculative warehouse project under construction in the region at the end of 2013 and will total over 465,000 square feet when fully developed. Pre-leasing has been successful at Steele Creek Commerce Park as Building 1 (70,000 square feet) will be occupied by Kuehne & Nagel Inc. and half of the 70,000-square-foot Building 2 will be occupied by Huber + Suhner.

The Ridge Creek Distribution Center campus already boasts over 1 million square feet of distribution space but only 121,680 square feet was reported available in Ridge Creek Distribution Center IV nearing the end of the first quarter of 2014.

The Triangle CPE Just Keeps Getting Better

Posted on March 28, 2014 by - Commercial Property Exchange, Durham, New Features, Raleigh, Triangle, Triangle CPE

Over the past few months the KARNES team has been working diligently to enhance the Triangle Commercial Property Exchange (Triangle CPE) and we are pleased to provide you a with an overview of the many new features and upgrades that have been put in place.

Brochures

We are continually looking for ways to improve our brochure creation process and a lot of effort went into making these even better over the past few months. Streamlining the process of creating a brochure was implemented as well as the following key upgrades:

Add Listing Flyers

Looking to create a comprehensive package to take to your client? Look no further than this new feature to Brochures. With the simple click of a button, you can now include all flyers (PDF only) attached to any listing. This works when creating a Brochure of a single listing or even a Brochure from a portfolio of listings. All listing flyers are included in the correct order allowing you to quickly email or print all information on a listing or set of listings.

Add a Flyer

Unit Details on One Page

Looking to create a Brochure for a listing that has many units? This new features allows you to include all of the unit details for any listing on a separate page. Great for those office towers!

Append Unit Page

Transaction Details on One Page

Are you looking to create a Comp Brochure for a property with multiple transactions? Then the new Transactions Details option will allow you to add one page to any Brochure that includes all of the transactions recorded on a single property.

Appending Comp Details

Mapping

Mapping is crucial to commercial real estate and the Triangle CPE is always seeking to improve how we view and find properties when using a map. We are please to announce that the entire mapping platform was upgraded over the past few months and has resulted in faster speeds, better support for mobile and newer bowsers, better geocoding and much more, including the following:

Street View Available on All Maps

With this latest upgrade you can now access Google’s Street View feature when viewing any map on the Triangle CPE. Simply click on the Street View Man and position on the road you would like to view and that’s all there is to it!

Street View

Bird’s Eye View Available on All Maps

If the satellite or street view options don’t provide enough details for you, there are now Bird’s Eye View (45 Degree) images available to you in many areas. Simple click on the Satellite option and zoom in until the 45 Degree option is activated. Please note this is only available in some areas.

Birds Eye Raleigh

Improved Polygon and Radii Searches

Polygon and Radii map searches are among the most powerful features of the Triangle CPE and we’ve only gone and made them better! When searching, simply click on the Map tab and select from either the Polygon or Radii to begin utilizing this feature. We’ve made the creation of polygons and radii even smoother in this new version and you can even fine tune your polygon or radii after you’ve performed a search. Did you work hard to create the perfect polygon? Be sure to save your search to utilize it over and over again!

Polygon Map Search RTP

We Didn’t Stop There!

In addition to these great new features, we also fine-tuned and upgraded many other areas of the Triangle CPE. Below is a list of changes (not comprehensive) that have been made:

• Added a pagination bar to the bottom of the screen when more than 5 results per page selected

• Created a method to allow users to define default search result display (number of listings per page, etc.)

• Upgraded coding to work better with the latest browsers

• Added traffic analysis and transaction analysis to the main navigation menu

• Added option to allow for the creation of a PDF of traffic analysis

• Added ability to delete multiple portfolios

• Show Listing Details on Private Listing to Listing Owner Only

• Added option to sort a Portfolio by Sale Price Per SF or Acre

• Economic Developer Link adjustments to allow for customization of style and support for additional query parameters

 

And We Are Just Getting Started

These are just a sampling of the new features and upgrades to the Triangle CPE over the past few months, but we are not stopping there. Expect many more things to come during 2014!

Thanks for your continued support of the Triangle CPE and KARNES!

The Triad CIE Just Keeps Getting Better

Posted on March 28, 2014 by - Commercial Property Exchange, Greensboro/Winston-Salem/High Point, New Features, Tips & Tricks, Triad CIE

Over the past few months the KARNES team has been working diligently to enhance the Triad Commercial Information Exchange (Triad CIE) and we are pleased to provide you a with an overview of the many new features and upgrades that have been put in place.

Brochures

We are continually looking for ways to improve our brochure creation process and a lot of effort went into making these even better over the past few months. Streamlining the process of creating a brochure was implemented as well as the following key upgrades:

Add Listing Flyers

Looking to create a comprehensive package to take to your client? Look no further than this new feature to Brochures. With the simple click of a button, you can now include all flyers (PDF only) attached to any listing. This works when creating a Brochure of a single listing or even a Brochure from a portfolio of listings. All listing flyers are included in the correct order allowing you to quickly email or print all information on a listing or set of listings.

Add a Flyer

Unit Details on One Page

Looking to create a Brochure for a listing that has many units? This new features allows you to include all of the unit details for any listing on a separate page. Great for those office towers!

Append Unit Page

Transaction Details on One Page

Are you looking to create a Comp Brochure for a property with multiple transactions? Then the new Transactions Details option will allow you to add one page to any Brochure that includes all of the transactions recorded on a single property.

Appending Comp Details

Mapping

Mapping is crucial to commercial real estate and the Triad CIE is always seeking to improve how we view and find properties when using a map. We are please to announce that the entire mapping platform was upgraded over the past few months and has resulted in faster speeds, better support for mobile and newer bowsers, better geocoding and much more, including the following:

Street View Available on All Maps

With this latest upgrade you can now access Google’s Street View feature when viewing any map on the Triad CIE. Simply click on the Street View Man and position on the road you would like to view and that’s all there is to it!

Street View Triad
Bird’s Eye View Available on All Maps

If the satellite or street view options don’t provide enough details for you, there are now Bird’s Eye View (45 Degree) images available to you in many areas. Simple click on the Satellite option and zoom in until the 45 Degree option is activated. Please note this is only available in some areas.

Birds Eye Triad

Improved Polygon and Radii Searches

Polygon and Radii map searches are among the most powerful features of the Triad CIE and we’ve only gone and made them better! When searching, simply click on the Map tab and select from either the Polygon or Radii to begin utilizing this feature. We’ve made the creation of polygons and radii even smoother in this new version and you can even fine tune your polygon or radii after you’ve performed a search. Did you work hard to create the perfect polygon? Be sure to save your search to utilize it over and over again!

Polygon Search

We Didn’t Stop There!

In addition to these great new features, we also fine-tuned and upgraded many other areas of the Triad CIE. Below is a list of changes (not comprehensive) that have been made:

• Added a pagination bar to the bottom of the screen when more than 5 results per page selected

• Created a method to allow users to define default search result display (number of listings per page, etc.)

• Upgraded coding to work better with the latest browsers

• Added traffic analysis and transaction analysis to the main navigation menu

• Added option to allow for the creation of a PDF of traffic analysis

• Added ability to delete multiple portfolios

• Show Listing Details on Private Listing to Listing Owner Only

• Added option to sort a Portfolio by Sale Price Per SF or Acre

• Economic Developer Link adjustments to allow for customization of style and support for additional query parameters

 

And We Are Just Getting Started

These are just a sampling of the new features and upgrades to the Triad CIE over the past few months, but we are not stopping there. Expect many more things to come during 2014!

Thanks for your continued support of the Triad CIE and KARNES!

The Western NC CPE Just Keeps Getting Better

Posted on March 28, 2014 by - Asheville, Commercial Property Exchange, New Features, Western NC, WNC CPE

Over the past few months the KARNES team has been working diligently to enhance the Western North Carolina Commercial Property Exchange (Western NC CPE) and we are pleased to provide you a with an overview of the many new features and upgrades that have been put in place.

Brochures

We are continually looking for ways to improve our brochure creation process and a lot of effort went into making these even better over the past few months. Streamlining the process of creating a brochure was implemented as well as the following key upgrades:

Add Listing Flyers

Looking to create a comprehensive package to take to your client? Look no further than this new feature to Brochures. With the simple click of a button, you can now include all flyers (PDF only) attached to any listing. This works when creating a Brochure of a single listing or even a Brochure from a portfolio of listings. All listing flyers are included in the correct order allowing you to quickly email or print all information on a listing or set of listings.

Add a Flyer

Unit Details on One Page

Looking to create a Brochure for a listing that has many units? This new features allows you to include all of the unit details for any listing on a separate page. Great for those office towers!

Append Unit Page

Transaction Details on One Page

Are you looking to create a Comp Brochure for a property with multiple transactions? Then the new Transactions Details option will allow you to add one page to any Brochure that includes all of the transactions recorded on a single property.

Appending Comp Details

Mapping

Mapping is crucial to commercial real estate and the Western NC CPE is always seeking to improve how we view and find properties when using a map. We are please to announce that the entire mapping platform was upgraded over the past few months and has resulted in faster speeds, better support for mobile and newer bowsers, better geocoding and much more, including the following:

Street View Available on All Maps

With this latest upgrade you can now access Google’s Street View feature when viewing any map on the Western NC CPE. Simply click on the Street View Man and position on the road you would like to view and that’s all there is to it!

Street View WNCCPE
Improved Polygon and Radii Searches

Polygon and Radii map searches are among the most powerful features of the Western NC CPE and we’ve only gone and made them better! When searching, simply click on the Map tab and select from either the Polygon or Radii to begin utilizing this feature. We’ve made the creation of polygons and radii even smoother in this new version and you can even fine tune your polygon or radii after you’ve performed a search. Did you work hard to create the perfect polygon? Be sure to save your search to utilize it over and over again!

Polygon Map Search WNCCPE

 

We Didn’t Stop There!

In addition to these great new features, we also fine-tuned and upgraded many other areas of the Western NC CPE. Below is a list of changes (not comprehensive) that have been made:

• Added a pagination bar to the bottom of the screen when more than 5 results per page selected

• Created a method to allow users to define default search result display (number of listings per page, etc.)

• Upgraded coding to work better with the latest browsers

• Added traffic analysis and transaction analysis to the main navigation menu

• Added option to allow for the creation of a PDF of traffic analysis

• Added ability to delete multiple portfolios

• Show Listing Details on Private Listing to Listing Owner Only

• Added option to sort a Portfolio by Sale Price Per SF or Acre

• Economic Developer Link adjustments to allow for customization of style and support for additional query parameters

 

And We Are Just Getting Started

These are just a sampling of the new features and upgrades to the Western NC CPE over the past few months, but we are not stopping there. Expect many more things to come during 2014!

Thanks for your continued support of the Western NC CPE and KARNES!

SiteIndex Just Keeps Getting Better

Posted on March 28, 2014 by - Charlotte, Commercial Property Exchange, New Features, SiteIndex, Tips & Tricks

Over the past few months the KARNES team has been working diligently to enhance SiteIndex and we are pleased to provide you a with an overview of the many new features and upgrades that have been put in place.

Brochures

We are continually looking for ways to improve our brochure creation process and a lot of effort went into making these even better over the past few months. Streamlining the process of creating a brochure was implemented as well as the following key upgrades:

Add Listing Flyers

Looking to create a comprehensive package to take to your client? Look no further than this new feature to Brochures. With the simple click of a button, you can now include all flyers (PDF only) attached to any listing. This works when creating a Brochure of a single listing or even a Brochure from a portfolio of listings. All listing flyers are included in the correct order allowing you to quickly email or print all information on a listing or set of listings.

Add a Flyer

 

Unit Details on One Page

Looking to create a Brochure for a listing that has many units? This new features allows you to include all of the unit details for any listing on a separate page. Great for those office towers!

Include Unit Details

Transaction Details on One Page

Are you looking to create a Comp Brochure for a property with multiple transactions? Then the new Transactions Details option will allow you to add one page to any Brochure that includes all of the transactions recorded on a single property.

Appending Comp Details

Mapping

Mapping is crucial to commercial real estate and SiteIndex is always seeking to improve how we view and find properties when using a map. We are please to announce that the entire mapping platform was upgraded over the past few months and has resulted in faster speeds, better support for mobile and newer bowsers, better geocoding and much more, including the following:

Street View Available on All Maps

With this latest upgrade you can now access Google’s Street View feature when viewing any map on SiteIndex. Simply click on the Street View Man and position on the road you would like to view and that’s all there is to it!

Street View
Bird’s Eye View Available on All Maps

If the satellite or street view options don’t provide enough details for you, there are now Bird’s Eye View (45 Degree) images available to you in many areas. Simple click on the Satellite option and zoom in until the 45 Degree option is activated. Please note this is only available in some areas.

Birds Eye View

Improved Polygon and Radii Searches

Polygon and Radii map searches are among the most powerful features of SiteIndex and we’ve only gone and made them better! When searching, simply click on the Map tab and select from either the Polygon or Radii to begin utilizing this feature. We’ve made the creation of polygons and radii even smoother in this new version and you can even fine tune your polygon or radii after you’ve performed a search. Did you work hard to create the perfect polygon? Be sure to save your search to utilize it over and over again!

Polygon Search

We Didn’t Stop There!

In addition to these great new features, we also fine-tuned and upgraded many other areas of SiteIndex. Below is a list of changes (not comprehensive) that have been made:

• Added a pagination bar to the bottom of the screen when more than 5 results per page selected

• Created a method to allow users to define default search result display (number of listings per page, etc.)

• Upgraded coding to work better with the latest browsers

• Added traffic analysis and transaction analysis to the main navigation menu

• Added option to allow for the creation of a PDF of traffic analysis

• Added ability to delete multiple portfolios

• Show Listing Details on Private Listing to Listing Owner Only

• Added option to sort a Portfolio by Sale Price Per SF or Acre

• Economic Developer Link adjustments to allow for customization of style and support for additional query parameters

 

And We Are Just Getting Started

These are just a sampling of the new features and upgrades to SiteIndex over the past few months, but we are not stopping there. Expect many more things to come during 2014!

Thanks for your continued support of SiteIndex and KARNES!

See You at CRCBR’s BrokerNet on Thursday, March 27th

Posted on March 26, 2014 by - BrokerNet, Charlotte, Commercial Property Exchange, CRCBR, Events, Office, Retail, SiteIndex, Subscribers

Villages at SouthParkThe KARNES  Team will be attending the CRCBR BrokerNet on Thursday, March 26th from 5:00pm-7:30pm at Chuy’s SouthPark (4310 Sharon Rd. Charlotte, NC 28211).

This event will be a great opportunity for SiteIndex users to ask general questions, find out more information regarding recent upgrades and future system enhancements.

Please note that only members listed in the CRCBR directory are allowed to attend this event.  Corporate Associate membership is handled on a per person basis, not per company. Complimentary beverages and appetizers will be provided, along with free parking.

This members-only event is no charge.  To register, please click here.

Register Now To Attend The SiteIndex Training Before BrokerNet on Thursday, March 27

Posted on March 26, 2014 by - BrokerNet, Charlotte, Events, Retail, SiteIndex, Training, Users

SiteIndex TrainingIf you have not registered already, please register now for the SiteIndex training to be held in-person prior to the BrokerNet on Thursday, March 26th. This training will cover recent updates to SiteIndex as well as various key functions.

Training topics will include the following:
  • Listing Management - Learn easily and effectively increase your marketing exposure on SiteIndex.
  • Create Custom Brochures - A quick overview on how to create customized brochures tailored to your clients.
  • Advanced Searching - Learn some of the fastest ways to locate the properties you want to find with advanced use of the Map Search with Polygons and Radii, as well as Filtering and Managing Results for tracking and delivery.
  • Broadcast Emails - Brief overview of email etiquette and how to effectively market properties and advertise client needs.
  • There will also be a brief demonstration of the iPad app for the SiteIndex!

This training will be held Thursday, March 27th, from 3:00 PM – 4:45 PM in the Theater Room at Wishart Norris Henninger & Pittman, PA, located at 6832 Morrison Boulevard.  Registration for this training is available through SiteIndex using this link.

See You At The 2014 CCIM Triangle Market Forecast on March 19th

Posted on March 17, 2014 by - Commercial Property Exchange, Events, Industrial, Office, Raleigh, Retail, Subscribers, Triangle, Triangle CPE

CCIM Market ForecastJoin Managing Partners Andrew Jenkins and Brian Reece, Wednesday, March 19th, as KARNES and local commercial real estate professionals attend the 2014 CCIM Triangle Market Forecast.  KARNES is pleased to be a Statewide Bronze Sponsor of this event, as well as the Charlotte Market Forecast, which will be held on April 9th.  KARNES will be providing copies of our 3rd annual Tri-City North Carolina Commercial Real Estate Market Report at each of these events.  Be sure to attend in order order to get your copy of this report, which provides provides an overview of the office, industrial, and retail markets in Charlotte, Greensboro/Winston-Salem/High Point, and Raleigh-Durham NC during 2013.

Keynote speakers at the Triangle Market Forecast include:

John Jung – Regional Economy
Bob Hukill – Grandbridge
Steve Bell – Why Raleigh, Why Triangle

The event will be held at Embassy Suites in Cary. Registration and networking will begin at 11:10am, and the program luncheon will begin at 12pm.

New Subscribers Score A Slam Dunk With KARNES!

Posted on March 13, 2014 by - Charlotte, Commercial Property Exchange, Greensboro/Winston-Salem/High Point, New Subscribers, Office, Raleigh, Retail, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE

KARNES BracketAs the 2014 NCAA Basketball Tournament begins in the near future, we reflect on new companies and brokers across North Carolina that joined a KARNES-powered commercial property exchange in February.  We would like to welcome the following organizations and subscribers, who will be utilizing the power of a KARNES-powered commercial property exchange and WINNING in 2014!

Welcome New Members
  • Warren Dumford at Mooresville Realty LLC
  • Kenneth Leonard at RE/MAX CENTRAL REALTY
  • Ty Chapman at Lake Norman Realty, Inc.
  • Carter Worthy at Carter Worthy Commercial
  • Gary Knox at The Knox Group, Inc.
  • Jessica Brock at Longfellow Real Estate Partners
  • Scott Beal at Coldwell Banker Commercial Triad

Not a subscriber? Contact our sales team today!