Colliers Pinkard, 2008-04-30
by Judy Franz
Charlotte, North Carolina
Fox Entertainment/SPEED Channel purchased a 78,200-square-foot office building at 1200 W.T. Harris Boulevard in Charlotte, NC. SPEED, a wholly owned subsidiary of Fox Entertainment, is a leading broadcaster of major motor sports events for cable television, reaching approximately 73 million homes nationally. The Charlotte-based company, currently housed in a production studio on Southern Pine Boulevard, has been working on acquiring its own facility for over a year. “Mike Dean and Colliers Pinkard’s guidance were instrumental to us in every aspect of the project from market assessments and transaction negotiations to guiding us through the business incentive process”, stated Francois McGillicuddy, Vice President of Finance and Business Operations for SPEED. Michael Dean also assisted SPEED in its state, county and city negotiations for business and economic incentives, which are provided over a five-year period and are valued in excess of $1,000,000. The new state-of-the-art international headquarters facility will broadcast motorcycle and race car events in high definition from around the world. Completion on the project is scheduled for late 2008 or early 2009, with the possibility of adding about 35 positions at the new facility. Michael Dean of Colliers Pinkard, along with Kelly Givens and David Gordon of Studley, represented SPEED in the transactin while Norman Walters of The Keith Corporation represented the owner.
Heritage House Fabrics purchased 5.62 acres of land to develop a 50,000-square-foot office/warehouse facility in Concord, NC. The new state-of-the-art world headquarters will be more than double the size of its current facility, attributable to the increase in clear height from 13’ to 35’, and is scheduled for delivery in early 2009. “From site search through transaction negotiations Mike Dean and Colliers guided us through the process from start to finish with excellent advice and negotiating skill”, says Tom Hilb, owner of Heritage House Fabrics. There may also be an addition to its employee base, although those details have yet to be determined. Heritage House is a buyer and importer of drapery and upholstery fabric for commercial and residential use. “After a thorough search of the market the Concord International Business Park site was the best match for my client’s short and long term business requirements. Its existing infrastructure, ingress-egress and expandability were key decision making criteria,” stated Michael Dean, representative for Heritage House. Bryan Crutcher and Ann Johnson of CBRE represented the owner.
Following is a complete listing of 2008 1st quarter leasing and sales activity for the Charlotte office.
The National American Red Cross purchased 64,400 square feet of industrial space at 13500 and 13504 South Point Boulevard in South Point Business Park in Charlotte.
CCE Development Corporation purchased 14,896 square feet of office space on J.N. Pease Boulevard in Charlotte.
Myers and Chapman leased 11,087 square feet of office space at Wood Ridge Center in Charlotte.
Mac-Gray Services leased 10,640 square feet of industrial space at Interstate North in Charlotte.
FlyRight leased 10,000 square feet of flex space at 7275 West Winds Boulevard in Concord, NC.
Sellers Hinshaw Ayers Dortch and Lyons leased 8,242 square feet of space at 301 S. McDowell Street in Charlotte.
GMR Marketing LLC renewed their lease for 7,840 square feet of office space at Grinnell Water Works in Charlotte.
Stiles, Byrum & Horne renewed their lease for 6,135 square feet of space at The Arlington in Charlotte.
Tax Management Associates leased 5,786 square feet of office space at One Crown Point Center in Charlotte.
Corinthian Properties renewed their lease for 3,403 square feet of office space at Quail Plaza in Charlotte.
First Alliance Logistics Management leased 3,394 square feet of office space at 207 Regency Executive Park in Charlotte.
State Farm Insurance Companies leased 3,000 square feet of office space at Greentree III in Winston-Salem.
JP Morgan Chase renewed their lease for 2,669 square feet of office space at 7930 W. Kenton Circle in Huntersville, NC.
Cummins-Allison Corporation leased 2,154 square feet of office space at Greenbrier Business Park in Charlotte.
Trade Street Consulting leased 2,096 square feet of office space at 205 Regency Executive Park in Charlotte.
Fleishman Hillard, Inc. leased 1,715 square feet of office space at Southpark Towers in Charlotte.
Williams-O Holdings purchased 1,613 square feet of office space at 112 S. Tryon Road in Charlotte.
Neutral Tandem-North Carolina leased 1,485 square feet of office space at 701 E. Trade Street in Charlotte.
Power Clean renewed their lease of 1,375 square feet of industrial space at Stockholm Court in Charlotte.
Universal Circulation Marketing leased 1,308 square feet of office space at 205 Regency Executive Park in Charlotte.
BSH Home Appliances leased 1,262 square feet of office space at 7930 Kenton Circle in Huntersville, NC.
Newbold Corporation leased 1,279 square feet of office space at 8015 Kenton Circle in Huntersville, NC.
WSI, Inc. leased 1,034 square feet of office space at 4108 Park Road in Charlotte.
Colliers Pinkard, an affiliate of Colliers International, is a leading commercial real estate firm in the mid-Atlantic region, with offices in Maryland and North Carolina. The firm provides real estate solutions to its clients locally and globally. Areas of expertise include advisory services, corporate solutions, investment services and management services, as well as property and tenant representation.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,092 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918 square feet, and has revenue of $US 1,620,958,349.
Contact Information
Judy Franz
Marketing Coordinator
jfranz@collierspinkard.com
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