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H2 2020 | Charlottesville Office Research & Forecast Report

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Activity slows as companies evaluate future market trends.

Key Takeaways:

  • 3TWENTY3, a new 120,000 square foot office building, delivered in December with notable tenants set to occupy including Manchester Capital, McGuire Woods, and CoConstruct.  The building features ground floor retail, four stories of parking, with five additional floors of office space stacked on top.
  • ChamberofCommerce.org released its 2020 "Best Small Cities for Business" with Charlottesville ranking 9th on the list.  Methodology for the ranking consists of college education, employment, GDP per capita, and job creation rate, among several other metrics. 

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H2 2020 | Charlottesville Office Research & Forecast Report

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Related Experts

Carolyn Shears

Senior Vice President

Charlottesville

Carolyn Shears specializes in tenant representation and investment sales in Central Virginia. She advocates for and advises her clients through the complexities of real estate lease and sale transactions. Since 2007, she has been a Senior Vice President with the firm, and prior to that time she was the principal broker of her own commercial real estate firm.

Carolyn’s clients benefit from her market knowledge and expertise gained over the course of her extensive career which spans over thirty years. Carolyn is able to leverage her experience to attain the best possible outcome for her clients, whether that be keen negotiating to achieve cost savings for her corporate clients or finding the ideal location in spite of a market with limited inventory. She has assisted numerous Charlottesville-based companies with commercial real estate requirements in multiple markets--both domestic and international locations.

Focusing on investment sales enables her to parlay her over ten years of commercial real estate appraisal background in to a concrete asset that her investor clients have come to depend upon. She works hard to create a competitive market in order to maximize profits for her investor clients.

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Casimer Kawecki

Vice President

Charlottesville

With over 15 years of professional experience in the commercial real estate industry across multiple markets, Cass Kawecki leverages his acquired knowledge, resources and relationships to consistently create advantage for his clients. He has negotiated the closing of over $500 million in property transaction volume during his career to date. 
 
Cass has a tremendous depth of experience with investment property sales, having transacted across all property types and scales including land, multi-family, mixed-use, industrial, retail, office and adaptive redevelopment properties. His clients have included local and regional private investors and developers and institutional owners including lenders, special servicers and public and private REIT's. 
 
Through his occupier services role, tenants rely on Cass as a trusted advisor, advocate and strategic partner. His clients include many of the largest and fastest growing companies with a presence in the Charlottesville area. Through Cass' attention to financial detail and ability to lead a structured process that drives competition in the market, he helps his clients to achieve their occupancy requirements while exceeding their financial and strategic objectives. 

Cass' prior experience includes directing operations for the CBRE Private Client Group in Pittsburgh and leading sales and marketing for a mixed-use developer in Charlottesville. Cass is a recognized expert in his field and has taught graduate-level real estate development and finance courses in his spare time for both Carnegie Mellon and the University of Virginia.

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Komail Khaja

Director - Research

Richmond - North

Komail is the Director of Research for Central and Southeast Virginia.  He joined Colliers | Virginia in January of 2019.

Komail oversees research operations throughout the region, manages the Research Analysts in the company, and supports all the company’s brokers primarily in the Richmond and Norfolk offices.  He began his real estate career in 2014 as a Real Estate Services Manager for the Fairfax County Economic Development Authority and then moved to CBRE as a Business Research/Data Intelligence Analyst/  He provides valuable customized research data which includes market trends, lease and sale comparables, GIS mapping, economic information and more.  In addition, he is also responsible for quarterly market reports, maintenance of the company research database, and tracking notable news/patterns pertaining to the local real estate market.

His foundations are in Geographic Information Systems (GIS), data visualization, urban planning, demographics, and business development. 

Komail understands the needs of clients and works to deliver top-notch market research and analysis to help our sales professionals deliver the best service to their clients so they can make the most informed decisions on their real estate needs.

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Robert Stockhausen

Managing Director

Charlottesville

With extensive experience in the commercial real estate industry, Rob Stockhausen is among the most knowledgeable brokers in the Central Virginia marketplace. His market expertise and approachable personality continually attracts top clients, expanding his networking base.

Rob specializes in the sale and leasing of industrial/investment properties, as well as commercial land sales in the Central/Western and Southern Virginia marketplace.

As managing director of the Charlottesville office for more than twelve years, he has developed a team of bright professionals and leads them to success each year. Under his leadership, the firm dominates the local commercial real estate market.

Prior to becoming managing director and supervising broker of the Charlottesville office in July of 2006, he worked for Real Estate III Commercial Properties, Inc. At that time, he spearheaded the development of Zion Crossroads Industrial Park. Rob’s career began in 1991 at Bullock, Terrell and Manelley (BTM) in Atlanta, Georgia, where he handled commercial leasing from both a tenant and landlord perspective. He has worked within commercial brokerage and/or private investments ever since.

 

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