KARNES New Membership Surges Heading Into Final Quarter

Posted on November 7, 2014 by - Asheville, Charlotte, Commercial Property Exchange, CPE Weblink, Greensboro/Winston-Salem/High Point, New Subscribers, New Users, Raleigh, SiteIndex, Subscribers, Triad CIE, Triangle, Triangle CPE, Uncategorized, Users, Western NC, WNC CPE

New KARNES MembersWith only 2 months remaining in 2014, we reflect on new companies and brokers across North Carolina that have joined the past two months. We would like to welcome the following organizations and users, who will be utilizing the power of KARNES systems to make the remainder of 2014 a success!


Welcome New Members

  • Karen Gleason at Mosaic Community Lifestyle Realty
  • John Purdie at Mosaic Community Lifestyle Realty
  • Sam Munday at NAI Piedmont Triad
  • Tony Bates at NAI Piedmont Triad
  • Tom Flanagan at NAI Piedmont Triad
  • Nancy Cox at NAI Piedmont Triad
  • Matt King at CBRE
  • Mark Cartin at McColgan & Company
  • Heide Foley at Sanur Brokerage
  • Brian Shore at Bray Sales Agency, LLC
  • Emmanuel Choice at Urban Equity Advisors, LLC
  • Mark Mahoney at Colliers International
  • Jeremy Owen at Steve Owen and Associates
  • Robert Isner at NAI Piedmont Triad
  • Katina Long at Coldwell Banker Commercial-MECA
  • Ashley Blackburn at Greensboro Regional Realtors Association
  • Jessica Jackson at Locus Real Estate Advisors, Inc.
  • Pete Burgess at Burgess Management Corp.
  • Michael Tuck at Grubb Properties, Inc.
  • Mark Bloomer at ACT Realty Advisors, Inc.
  • Deven Griffin at Colliers International
  • Sherman Walters at National Restaurant Properties
  • Frederick Maerkle at American Investment Brokers
  • Spencer Bennett at The Meridian Realty Group, Inc
  • William Yeager at Mosaic Community Lifestyle Realty
  • Brownie Rogers at The Nichols Company
  • Thomas B. Miller at Miller Development
  • Vince Vickers at KW Commercial
  • Chip Culler at Craven-Johnson-Pollock, Inc.
  • Vince Simonetti at Sperry Van Ness/Commercial Real Estate Advisors
  • Charles Mays at Coldwell Banker Commercial Triad
  • Travis Carter at Koury Corporation

The following firms will also be utilizing the Weblink services provided by a KARNES system to power their website.

  • Simpson Commercial Real Estate
  • W. E. Damon & Associates

Not a subscriber? Contact our sales team today!

KARNES To Speak At TRIAD RCA Education Event

Posted on September 22, 2014 by - Commercial Property Exchange, Events, Greensboro/Winston-Salem/High Point, New Features, Subscribers, Tips & Tricks, Training, Triad CIE, Users

Andrew Jenkins, Managing Partner, KARNESAndrew Jenkins, managing partner of KARNES, will be a speaker at the TRIAD RCA Education Event, taking place Tuesday, September 23rd in Greensboro.

Attendees will hear Mr. Jenkins speak on a range of topics regarding the most recent Version 4.0 improvements to the Triad CIE system including:

  • A complete site redesign that increases usability and performance on modern browsers
  • Brochure enhancements including a new large-image format, improved default layout, and more
  • Improved text editing for comments and broadcast emails, including Spell Check
  • A redeveloped Photo Gallery View for faster image rendering
  • Improved searching for properties by address
  • Full screen map toggle
  • Improved session management
  • An updated version of the Triad CIE iPad App
  • And much, much more

The event is being held from 9am-10:30am at the High Point Realtors Association, 1830 Eastchester Drive, High Point.

For more information and registration details, please refer to the attached flyer: 9-23-14 Education Event

KARNES Tri-City North Carolina Industrial 2013 Year in Review

Posted on July 21, 2014 by - Chapel Hill, Charlotte, Commercial Property Exchange, Development, Durham, Greensboro/Winston-Salem/High Point, Industrial, KARNES Perspective, KARNES Tri-City Report, Raleigh, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE

Karnes divides the industrial market is into two categories – warehouse and flex. At the end of 2013, the Tri-City markets contained a total of 105 million square feet of warehouse space and 34.6 million square feet of flex space. With over 52 million square feet of warehouse space, the Triad market accounted for approximately 50% of the Tri-City warehouse market. The Charlotte market ranked second with 34 million square feet, while the Triangle market maintained 18.4 million square feet.

The 178,250 square feet of warehouse space completed in the Triad market during 2013 accounted for all of the new warehouse space completed among the Tri-City regions. For the Triangle market, 2013 marked the fourth year in a row where no new warehouse space was delivered. Two warehouse buildings were delivered in the Triad market during 2013 with the largest being a 134,650-square-foot speculate building at 1023 Corporate Park Drive in Mebane. A total of only 564,738 square feet of new warehouse space was delivered in the Charlotte market between 2009 and 2013, while the Triangle market reported even less at 412,940 square feet. With the additional space delivered during 2013, total warehouse construction in the Triad during the same period totaled 469,750 square feet.
KARNES Tri-City Warehouse Vacancy Trends (more…)

KARNES Continues New User Surge In May

Posted on June 2, 2014 by - Asheville, Chapel Hill, Charlotte, Commercial Property Exchange, CPE Weblink, Durham, Greensboro/Winston-Salem/High Point, New Subscribers, New Users, Office, Raleigh, Retail, SiteIndex, Triad CIE, Triangle CPE, Users, Western NC, WNC CPE

New KARNES MembersAs May 2014 comes to an end, we reflect on new companies and brokers across North Carolina that have joined this past month. We would like to welcome the following organizations and users, who will be utilizing the power of KARNES systems to make 2014 a success!

Welcome New Members

  • Jamie Davis at Colliers International
  • Jessica Peadon at Colliers International
  • Caroline Gorrell at Key Commercial Real Estate
  • Lee Jackson at Legacy Real Estate Advisors, LLC
  • Scott Davies at NAI Southern Real Estate
  • Jean King at Berkshire Hathaway HomeServices Yost & Little Realty
  • Tracy Dodson at Lincoln Harris – Corporate
  • Alec Cantley at Carolina Mountains Sales
  • Paul Pursell at Colliers International
  • Robert Podewils at Sperry Van Ness/Commercial Real Estate Advisors
  • Don Batten at Real Living Pittman Properties
  • Elizabeth Luck at Real Living Pittman Properties
  • Mark Staples at KW Commercial-Chapel Hill
  • Jared Londry at Cassidy Turley
  • Jasmine Turner at Legacy Real Estate Advisors, LLC
  • Mike Linford at KW Commercial-Chapel Hill
  • Joe Tomlinson at Berkshire Hathaway HomeServices Yost & Little Realty
  • SiteIndex CPE Weblink: Clearview Commercial Real Estate Advisors

Not a subscriber? Contact our sales team today!

Renovations Underway at Greensboro’s Golden Gate Shopping Center

Posted on April 7, 2014 by - Development, Greensboro/Winston-Salem/High Point, In the News, Retail, Triad CIE


An Alabama-based investor has purchased the Golden Gate Shopping Center, located at 2208 Golden Gate Drive in Greensboro, and has begun renovations on the property. The center was built in 1960 and purchased from DDR Corp. for a little over $7 million in March of 2014. The new owners expect to spend around $4 million dollars on the redevelopment project, which could be completed by the 3rd quarter of 2014. The center, which is currently around 70% occupied, will also be renamed to The Village at Golden Gate. A 32,565-square-foot Food Lion and a 24,038-square-foot Staples anchor the 151,371-square-foot center, with new leases announced that include an antique shop and The Green Bean.  In an effort to reduce competition, Food Lion also leased (but does not occupy) the 30,248-square-foot space vacated by Harris Teeter, but a new tenant is still being sought for the space.

The Village at Golden Gate is located in the Guilford – Northwest submarket, where the KARNES retail vacancy rate totaled 10.3% as of the fourth quarter of 2013.  The vacancy rate in the submarket has decreased 2.9% points since the end of 2011 as net demand totaling 187,210 square feet outpaced 16,219 square feet of new supply. Retail rental rates in the submarket averaged $22.12 per square foot at the end of 2013.

KARNES “Springing” with New Subscribers

Posted on April 4, 2014 by - Asheville, Charlotte, Commercial Property Exchange, Durham, Greensboro/Winston-Salem/High Point, Industrial, New Users, Office, Raleigh, Retail, SiteIndex, Subscribers, Triad CIE, Triangle, Triangle CPE, Users, WNC CPE

KARNES Springing with New SubscribersWith Spring in the air, we are excited to welcome the following organizations and subscribers who will be utilizing the power of a KARNES-powered commercial property exchange to spring forward in 2014!

Welcome New Members
  • Scott Farmer at Scott Farmer Properties, Inc.
  • Lee Burgess at Amicus Commercial Real Estate
  • David Krug at David Krug & Associates
  • John Salisbury at Capstone Real Estate Services
  • Brian Smith at CIP Real Estate Property Services
  • Phil Begany at Lat Purser & Associates
  • Marlane Klintworth at Lat Purser & Associates
  • Stephen Woodard at JLL
  • John Christenbury at Cassidy Turley
  • Karen Mankowski at Newmark Grubb Knight Frank

Not a subscriber? Contact our sales team today!

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.

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.


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 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!

See You At The 2014 CCIM Triad Market Forecast on March 5th

Posted on February 28, 2014 by - Commercial Property Exchange, Events, Greensboro/Winston-Salem/High Point, Industrial, Land, Office, Retail, Triad CIE, Uncategorized

CCIM Market ForecastJoin Managing Partners Andrew Jenkins and Brian Reece, Wednesday, March 5th, as KARNES and local commercial real estate professionals attend the 2014 CCIM Triad Market Forecast.  KARNES is pleased to be a Statewide Bronze Sponsor of this event, as well as the Raleigh and Charlotte Market Forecasts, which will be held on March 19th and April 9th, respectively.  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 Triad Market Forecast include:

Capital Markets:   Mike Ortlip, Grandbridge Real Estate Capital
Retail Markets:  Steven B. Tanger, Tanger Factory Outlet Centers, Inc.
Moderator:  Robert V. Perkins, CCIM, NAI

The event will be held at The Marriott Downtown Greensboro. Registration and networking will begin at 11:10am, and the program luncheon will begin at 12pm.

Magic Mart’s 91,152-square-foot lease tops the Triad retail market in 4th Quarter of 2013

Posted on February 10, 2014 by - Greensboro/Winston-Salem/High Point, Retail, Triad CIE

Lexington Parkway Plaza

Magic Mart moved into 91,152 square feet of the Lexington Parkway Plaza during the 4th Quarter of 2013. This space was previously occupied by a Walmart Supercenter which relocated elsewhere within Lexington, North Carolina. The 91,152 square feet of positive net absorption accounted for 86% of the net demand retail space reported during the 4th Quarter of 2013 in the Davidson County retail submarket. Davidson County’s retail vacancy rate decreased to 8.2% during the 4th Quarter of 2013, which was below the 10.2% averaged in the Triad region at the end of 2013.