MAY 24, 2019| VOL. 8 ISSUE 12
THE TOP 21
COMMERCIAL REAL ESTATE PROJECTS IN GVL • see page 8 •
the
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TOP-OF-MIND AND IN THE MIX THIS WEEK
| THE RUNDOWN
VOLUME 8, ISSUE 12 Featured this issue: The inside scoop on Greenville’s major CRE projects............................. 8 Construction underway at former BB&T site.........................................16 Former culinary professor educates Oil & Vinegar customers............ 32
WORTH REPEATING
“Falls Tower and Greenville could not be a more perfect fit and we’re excited for our first Spaces in South Carolina to be in this city.” Michael Berretta, Page 15
“They’re everything from state-run cyber houses to bored teenagers in the basement.” Jason Marlin, Page 30
South Street Partners tell UBJ about their future plans for The Cliffs, including bolstering their already active club, enhancing dining amenities, starting a home building company exclusive to the communities, and more. Read more details on Page 12.
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Eggs Up Grill opens Pelham Road and Powdersville locations n story by ARIEL TURNER | photos PROVIDED
The fourth Eggs Up Grill in Greenville opened May 14 in the former Le Peep breakfast spot at 3935 Pelham Road. Le Peep closed abruptly at the end of January, and Eggs Up moved in soon after to begin renovations. This opening is bringing 16 new jobs to the market. “The first time I walked into an Eggs Up Grill, I fell in love with the entire concept,” said Dazz Collins, owner of the newest Greenville location. “I had been a preschool teacher for almost 20 years and never owned
a restaurant, but knew I wanted to be part of the brand. I purchased the Woodruff Road location four years ago, and the positive experience led to me to open my second Eggs Up Grill. Our Woodruff Road location offers a family-friendly, laid-back environment where everyone knows your name, and we look forward to carrying that over to this new Eggs Up Grill.” The two other Greenville locations are in the West End at 31 Augusta St. and McAlister Square at 225 S. Pleasantburg Drive. The first Powdersville location
opens May 20 at 10903 Anderson Road. “When my husband and I began looking into investment opportunities, we never even considered the restaurant industry,” said Debi Brannon, owner of the new Powdersville location along with her husband, Kevin Brannon. “But the very first time I walked into an Eggs Up Grill, I fell in love with the vibe and called about ownership opportunities that same day. As we went deeper into the process, the doors kept opening – we loved the brand’s business model and
hours and then we found the perfect site. Now here we are ready to open and more excited than ever.” Three additional Upstate-area stores are in Greer and Spartanburg County. As of May 2019, Eggs Up Grill has grown to 32 locations in three states. Headquartered in Spartanburg, Eggs Up Grill describes itself as “are neighbors serving neighbors,” seven days a week, from 6 a.m. to 2 p.m. Over the years, the restaurants have prepared and sold more than 10 million eggs.
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NEED TO KNOW
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REAL ESTATE
RealOp Investments acquires 12-building Atlanta-area portfolio n story by ARIEL TURNER
Greenville-based RealOp Investments has expanded its Southeastern footprint with the acquisition of three single-story office parks in the northeast submarket and Interstate 85 corridor of Atlanta. The portfolio, located within Gwinnett County’s Opportunity Zone, totals 560,000 square feet across 12 buildings, which were approximately 72 percent leased at the time of sale. The acquisition presents a value-add opportunity with steady in-place income, said Julian Nexsen, RealOp’s vice president of acquisitions and business devel-
opment. Representing the firm’s first foray into Georgia, the parks are currently branded as Breckinridge Exchange, Breckinridge Center, and Park Creek. Renaming is currently under consideration. The acquisition expands RealOp’s portfolio to five Southeastern states and 10 markets. Nathan Anderson and David Beak of NAI Brannen Goddard represented the seller in the transaction, which closed on May 2. Major tenants include Primerica, Polytron, UPS and Q-Matic.
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5.24.2019 | upstatebusinessjournal.com
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Franny’s Farmacy opens in Westone development n story by ARIEL TURNER | photos PROVIDED
Two years later, the Westone development at 109 W. Stone Ave. is fully leased. A year ago, seven of the eight spaces were spoken for with a 1,550-square-foot corner space next to V’s Barbershop sitting vacant until recently. The final tenant, Franny’s Farmacy, has moved in and opens its doors officially May 30. Taylor Fisher with Spencer/Hines Properties represented the tenant in the transaction. Founded by Jeff and Frances (Franny) Tacy in Asheville, the CBD and hemp retailer has opened a location in the North Main community gathering place, joining World Piece, Coffee on Stone, Moe’s Original Bar B Que, Liability Brewing Co.,
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Cache & Co., and 9Round Fitness, in addition to the barbershop. Franny was the first female hemp grower in North Carolina when Franny’s Farm was founded in 2012, and she continues to oversee the product from seed to the retail shelves. Greenville’s shop is the fourth dispensary location for the brand with continued expansion part of the business plan. The Westone location will become the brand standard for future locations, said their publicist, David Hawkins. Products include CBD tinctures, topical salves, gummies and chocolates and more, including products for pets. Grand opening festivities will be held May 30-June 1. The Greenville Chamber of Commerce will hold a ribbon cutting May 30, and Franny will be in the store May 31 to speak about the benefits of hemp products. Black River Search and Rescue, a non-profit that helps locate lost pets, will be onsite and the beneficiary of a portion of sales on June 1.
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TOP C
ommercial development still reigns supreme in Greenville. Cranes share the skyline and earthmovers travel with the flow of traffic around town, and if this update of 21 major projects is an indication, that will continue to be the norm for quite some time. Current developments range from full-scale mill renovations with a bent towards the former historic use to new modern construction designed to create a fresh sense of place. Here’s a rundown of some, but certainly not all, of the major CRE projects in Greenville County that have the potential to inject nearly 2 million square feet of commercial space into the market.
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21 STORY BY ARIEL TURNER & MELODY CUENCA PHOTOS PROVIDED
1
CAMPERDOWN
Address: South Main and East Broad streets Status: All components are under construction The 4-acre site features an AC Hotel, 18 condominiums overlooking the Liberty Bridge, 217 apartment units, two office towers, and space for retail and dining. Read more on page 14.
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CANVAS
4
Address: 301 College St. and neighboring property Status: broken ground The project includes 31 single-family attached townhome units, a new construction mixed-use building bordered by Duncan, Buncombe, and Whitner streets and Hampton Avenue that will contain 21,805 square feet of first-floor retail and 48 for-rent multifamily apartments, and the renovation of a 130,000 square foot office building in the Heritage Green Arts District. Read more on page 16.
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CITISCULPT
| NEWS
THE COMMONS
Address: 147 Welborn St. Status: Under construction, Fall opening
3
.408 JACKSON
Address: 24 Vardry St. Status: Design approved by the city Design Review Board Plans are for a five-story, plus basement, 237-unit apartment building that will include four retail storefronts and a six-story precast parking structure. The Shoeless Joe Jackson Museum on the site will be relocated to the western corner of the property.
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THE MCCLAREN
Address: 10 S. Academy St. Status: site plan approved by city Design Review Board
Address: Corner of Rhett and Wardlaw streets Status: Pending approval from the city Design Review Board
The 60,000-square-foot, four-story development proposed at the corner of Academy Street and McBee Avenue where a parking lot is now could include a 125-room hotel and 230 residences. The Agfa building will remain.
The nine-story mixed-use development will include 244-apartment and retail along with significant public space in partnership with the city. The former McClaren Medical Shelter on the property will be moved approximately 70 feet.
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TRIANGLE SITE
Address: 400 Church St. Status: In the design stage The former site of Greenville Memorial Auditorium sold to hotelier Rajesh Patel and the hotel project is moving forward, according to Nick Navarro with NRE, with a further status update expected within a month.
The 40,000-square-foot refurbished warehouse space in the center of the proposed Unity Park includes a food hall will open this fall after four years of different iterations. Restaurant tenants now include Automatic Taco, Golden Brown & Delicious, Methodical Coffee, Bakeroom, and The Community Tap.
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COUNTY SQUARE
Address: 301 University Ridge Status: Working out County services relocation before the property can be sold The $1 billion County Square redevelopment on the nearly 38-acre county government office site will include 1,125 units of multifamily housing, 450,000 square feet of retail space, 650,000 square feet of office space, and 350 hotel rooms. That mix may change depending on market demand.
5.24.2019 | upstatebusinessjournal.com
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10
THE GRAND BOHEMIAN
Address: 44 E. Camperdown Way Status: Broken ground
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GARLINGTON NORTH
Address: 201 Clifton Court Status: Topgolf is open, construction and leasing efforts continue The new mixed-use development on 77-acres along I-85 and Pelham Road is anchored by Topgolf. The development could include a proposed dine-in cinema, hotel, and additional retail and restaurants.
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JUDSON MILL
Address: 701 Easley Bridge Road Status: Leasing efforts continue The 36-acre mill will be converted into a live-work-play mixed-use district with 204 apartments, more than 215,000 square feet of office space, 141,000 square feet of light industrial/flex, and 8 to 12 acres of retail along Highway 123 (Easley Bridge Road), near St. Francis Hospital.
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Set to debut in 2021, the 187-room hotel will feature 30 suites with balconies, signature Poseidon Spa, and an art collection curated by Richard C. Kessler, chairman and CEO of The Kessler Collection. Additionally, the hotel will feature both indoor and outdoor event spaces and a two-story restaurant and bar.
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HAMPTON BY HILTON
Address: Corner of North Main and East Poinsett streets, Greer Status: Pre-construction stage with ongoing demolition The new Greer hotel from Sycamore Investment Group will also bring with it a new 300-space parking garage from the City of Greer and the potential for more street level retail.
NORTHPOINTE
Address: Intersection of Wade Hampton and Stone Avenue Status: Under construction Designed to be a walkable community, NorthPointe will be anchored by Harris Teeter and also includes 284 apartment units and 22,000 square feet of retail and restaurant space.
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BRIDGEWAY STATION
Address: Centerpointe Boulevard Status: Still making adjustments to master plan, grading has begun A new mixed-use development along Interstate 385 near Mauldin, the first phase of the community will feature more than 1 million square feet of retail and restaurants, Class A office space, residential, and hospitality and entertainment venues along a new main street. The first Class A spec building at 73,000 square feet is under construction and will be available November of this year.
NEED TO KNOW
15
HOLLAND PARK
Address: 813 Laurens Road Status: Grading and utility work has begun The 12-acre, mixed-use development includes Home Team BBQ, Double Stamp Brewery, and an additional 18,000 square feet of office, retail, and restaurant space. The development will have direct access to the proposed Swamp Rabbit Trail extension and a half-acre of planned green space.
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CONESTEE MILL
Address: 48-98 Spanco Drive Status: Construction and commercial leasing efforts underway The property’s owners plan to put residences in about 60,000 square feet of space in the former mill building and find new commercial uses for about 15,000 square feet in five other buildings on the property to include breweries, restaurants, and retail.
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POE WEST
Address: 556 Perry Ave. Status: under construction The 60,000 square-foot mixed-use development in The Village of West Greenville will be anchored by Greenville Technical College Center for Culinary and Hospitality Innovation (CHI). Carolina Bauernhaus, LaRue Fine Chocolate, Six & Twenty Distillery, and Unlocked Coffee Roasters announced their occupancy earlier this year.
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GATHER GVL
Address: 226 Mill St., Taylors Status: Landscaping and leasing efforts ongoing for build-to-suit spaces
Address: 126 Augusta Road Status: Site work underway, shipping containers in fabrication
The Southern Bleachery redevelopment at Taylors Mill includes major renovations to the western-most 9 acres of the property: four historic buildings for venues and restaurant spaces; the clearing of 2-and-a-half miles of trails; the construction of a handful of cottages along Mill Street; a full-scale relandscaping; a stage for concerts or events; repurposing of two concrete basin ponds; and creation of multiple parking areas.
The shipping container food hall opening later this summer includes 13 restaurant units, constructed in a U-shape around a central green space and plaza. Tenants include Mike’s Philly Cheesesteak and Roast Pork, Sweet Sippin’, Prost!, Cocobowlz, HenDough, Mercado Cantina, KO Burger, Al Taglio, Greenville Beer Exchange, Saki Saki, Rocky Moo, West End Coffee Roasters, and The Pasta Addict.
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TAYLORS MILL
| NEWS
BURDETTE CENTRAL
Address: corner of East Curtis and South East Main streets, downtown Simpsonville Status: Demo and site work has begun A roughly 27,000-squarefoot redeveloped restaurant and retail hub includes tenants Sidewall Pizza and Kaffeine Coffee Shop and Roastery, with several more restaurant, retail, or office uses available.
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THE JUNCTION
Address: 301 Airport Road Status: Under construction The roughly 42,000-squarefoot development planned to open this summer includes tenants Cohesive Coffee, White Duck Taco Shop, Brit’s Brothers personal training and fitness, Nill Silver Photography, urban winery Elevation 966, and Adrenaline Dance Fitness.
5.24.2019 | upstatebusinessjournal.com
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street
SOUTH The Marsh House
PARTNERS
begins to implement long-term vision for The Cliffs STORY BY ARIEL TURNER | PHOTOS PROVIDED
“The last thing we needed was another golf course.” Chris Randolph of South Street Partners – the new owners of The Cliffs communities – remembers thinking that after the group acquired Kiawah Partners in 2013 and were determining what to do with a large centrally located piece of land on Kiawah Island, which already had half a dozen notable courses. Instead of the somewhat expected usage for a property large enough for 18 holes, the group transformed the land into a park accessible to all residents and suitable for all ages. And it turns out, homes facing the park became some of the most valuable residential real estate in the area, Randolph says. Kiawah Partners, along with the exclusive brokerage Kiawah Island Real Estate and the private club component Kiawah Island Club, encompasses multiple private communities, club houses, and golf courses, many of which were in need of updating, or in some cases, a complete overhaul, when Charleston- and Charlotte-based South Street Partners acquired the assets. Since 2013, in addition to the creation of the park, the ownership group completely renovated The Beach 12
UBJ | 5.24.2019
House club house with a new restaurant from celebrated Charleston chef Mike Lata; brought in the expertise of chef Tom Colicchio, the New York restaurateur seen on Bravo TV’s Top Chef, to oversee the Cassique club restaurant; built The Marsh House, a modern oasis with infinity pool overlooking the marsh; and continues to implement other changes while looking for ways to keep the golf communities not only thriving, but also attractive to a new and younger generation of club members. They also jumped in with significant charitable giving and involvement in the Lowcountry in the areas of education, healthcare, and providing employment for the surrounding low-income residents. It’s those types of strategic decisions at Kiawah that give insight into what South Street Partners has planned for The Cliffs’ future, including participation in the Greenville area non-profit community, bolstering an already active club, enhancing dining amenities, creating an option for guests and potential buyers to experience The Cliffs on a short-term basis, and starting a home-building company exclusive to the communities. Some of those long-term plans have
The newly opened Beach Club restaurant from Charleston chef Mike Lata
already been set in motion. Since acquiring the collection of seven private luxury mountain and lake club communities in the western Carolina mountains on Feb. 28, South Street Partners logged Q1 sales 30 percent higher than last year’s and broke ground on The Cliffs at Keowee Vineyards Lakehouse Randolph says will be similar to The Marsh House concept of fitting in with the surroundings and providing the wow factor. Designed by Paul Zugg, of Signature
Architects in Clemson, The Lakehouse will feature natural materials and colors that complement the Lake Keowee setting. “This project aligns strongly with our vision to take The Cliffs communities to new heights through a well-rounded, lifestyle-focused approach to the private club experience,” said South Street partner Will Culp previously of the Lakehouse addition. The Cliffs and South Street Partners also announced recently that Rob Duckett will assume the role of
president of The Cliffs and vice president of operations for South Street Partners, effective June 1. In this role, Duckett will oversee dayto-day operations of The Cliffs’ three divisions: Cliffs Clubs, Cliffs Land, and Cliffs Realty. With more than 30 years of experience working in hospitality management and 23 years in private club management, Duckett joins The Cliffs after 16 years with Discovery Land Company, where South Street partner Jordan Phillips and managing partner Patrick Melton also previously worked. Most recently, Duckett served as general manager and chief executive officer of Mountaintop Golf and Lake Club in Cashiers, North Carolina. “Adding Rob to the team is an important step in the initial phase of our long-range operating plan at The Cliffs,” Melton said. “In addition to his decades of experience, Rob has a proven track record of success in private club management at some of the nation’s most admired clubs. We
South Street partners from L-R: Will Culp, Jordan Phillips, Patrick Melton, Chris Randolph
look forward to his contributions as we continue to elevate all aspects of The Cliffs experience for current and future homeowners and members.” Phillips said when he and Melton were developing communities in the Cashiers area with Discovery Land Company, they always looked at The Cliffs as a potential opportunity, but waited until the timing was right.
“Greenville for us has always been in our sights from our investment perspective. Watching the downtown grow and have all the investment coming into the river front area – it’s been incredible to watch,” Randolph says. “Seeing Greenville’s growth gave us that much more conviction.” One of the over-arching goals with
The Cliffs is to connect the communities more to Greenville, Randolph says. Culp says South Street’s investment in The Cliffs is long-term and the partners intend to become part of the Greenville community in both business and personal ways. “We’re around for the long haul,” he says.
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Global co-working leader Spaces signs lease at Camperdown n story by ARIEL TURNER | photos PROVIDED
Spaces, a leader in f lexible workspaces, has signed a lease for 28,900 square feet on the first and second f loor of Falls Tower in the mixed-use Camperdown development. The 184,000 -squa re-foot office building is currently under construction at 423 S. Main St. on the former Greenville News site across from the Peace Center. The Amsterdam-based co-working provider will open its first South Carolina office upon completion of Falls Tower in mid-2020. CBRE’s Charles Gouch and Doug Webster arranged the lease on behalf of the landlord and developer, Centennia l American Properties. “Camperdown is the perfect location for a collaborative office concept like Spaces, and we’re very excited to welcome another new tenant to Falls Tower,” said Gouch, senior vice president at CBRE. “Greenville is a thriving and vibrant city that is rapidly emerging as one of the fastest growing economies in the South-
east – one that more and more global users are attracted to.” Falls Tower will include seven f loors of office space, accounting for 196,092 square feet; 33,231 square feet of retail/restaurant space; one f loor of conference space; and 18 luxury condominium units on the top five stories of the 17-story building. Announced tenants include business solutions firm Elliott Davis (65,000 square feet) and Bank of America (32,000 square feet). Another tenant will be announced soon, leaving one f loor available for lease. The Camperdown development includes additional commercial, multi-family, and retail, as well as the AC Hotel by Marriott, all of which open onto a central plaza with a staircase leading to Falls Park. “We are excited to introduce an international brand and the f irst location w ithin South Carolina,” said Brody Glenn, president of Centennial American Proper ties. “ This new workspace will offer the com-
munity a modern, creative and collaborative environment. The partners invested in the Camperdown development from Centennial American Properties to WCM Global Wealth envision Falls Tower being used in dynamic ways, and Spaces is a perfect addition to the building.”
Spaces, which is owned by International Workplace Group (IWG), offers creative work environments with more than 50 locations in North America. Members have access to all IWG locations worldwide with the option to use a variety of workspaces and access to a wide array
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Mixed-use project Canvas on former BB&T site breaks ground n story by ARIEL TURNER | photos PROVIDED
Charleston-based developer The Beach Company has begun construction on Canvas, the mixed-use development located on the site for the former BB&T building at 301 College St. and neighboring property. The developer first submitted project proposals to the City of Greenville more than a year ago. Plans for the walkable community include 31 single-family attached townhome units, a new construction mixed-use building bordered by Duncan, Buncombe, and Whitner streets and Hampton Avenue that will contain 21,805 square feet of first-floor retail and 48 for-rent multifamily apartments, and the renovation of a 130,000 square foot office building in the Heritage Green Arts District complete with a largescale commissioned mural on the
building’s façade. “Canvas residents will truly be in the epicenter of Greenville’s retail, dining, entertainment and cultural amenities,” said Tim Cotter, development manager at The Beach Company. “The combination of high-quality new construction in a walkable, vibrant community with an exciting new public art display will position Canvas as an iconic landmark for downtown Greenville.” The BB&T building will undergo base building improvements, both exterior and interior, and will continue to function as a commercial office building. CBRE is marketing the space to large office users that desire competitively priced office space with dedicated on-site parking in downtown. No retail user has been identified for the street level space of the new
construction portion, but it is also currently being marketed by CBRE towards multiple users. Construction on Canvas is expected to last 18 months, with first units available for occupancy in early 2020. Canvas is The Beach Co.’s third major development in downtown
since 2014. In 2016, the company sold one of them, South Ridge, located at the corner of University Ridge and Church Street, for $68 million. The other, Main + Stone, at the corner of North Main Street and Stone Avenue, is still under The Beach Co.’s ownership.
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DEALMAKERS ANNOUNCING THE FOLLOWING COMMERCIAL REAL ESTATE TRANSACTIONS
CBRE Blaine Hart and Shelby Dodson were agents for the landlord and Charles Gouch was agent for the tenant in the lease of an 84,206 SF office space at 201 Brookfield Parkway. Campbell Lewis was agent for the tenant in a 56,000 SF expansion at 1 Brozzini Court. Charles Gouch, Blaine Hart and Shelby Dodson were agents for the landlord in the lease of a 39,533 SF office space at Office Park Patewood. Blaine Hart was agent for the landlord in the lease of a 30,538 SF office at 301 N. Main Street. Tommy Molin and Brian Scurlock were agents for the landlord in the lease of a 27,000 SF retail space at Verdae Village. Trey Pennington was agent for the tenant in the lease renewal of 24,000 SF at 1 Brozzini Court. Charles Gouch, Blaine Hart and Shelby Dodson were agents for the landlord in the lease of 13,950 SF at 617 McBee Avenue. Charles Gouch was agent for the landlord in the 11,317 SF office lease at NOMA Tower.
in the lease of 3,501 SF at 301 N. Main Street. Charles Gouch, Blaine Hart and Shelby Dodson were agents for the landlord in the lease of 3,303 SF at Office Park Patewood. Charles Gouch, Blaine Hart and Shelby Dodson were agents for the landlord in the lease of 3,115 SF at Office Park Patewood. Tommy Molin and Michael Lucier were agents for the tenant in a 3,000 SF deal at SWC of Harrison Bridge Road. Tommy Molin and Blaine Hart were agents for the landlord in the 2,829 SF retail lease at Poe West. Tommy Molin and Brian Scurlock were agents for the landlord in the retail lease of 2,625 SF at 496 S. Pleasantburg Drive. Shelby Dodson and Blaine Hart were agents for the landlord in the office lease of 2,234 SF at 430 Woodruff Road. Charles Gouch, Blaine Hart and Shelby Dodson were agents for the landlord in the office lease of 2,119 SF at Harbinger.
Ryan Clark was agent for the tenant in a 9,766 SF lease at 700 Brushy Creek Road.
Tommy Molin and Brian Scurlock were agents for the landlord in the retail lease of 2,111 SF at Campus View in Clemson.
Charles Gouch was agent for the landlord in a 8,520 SF office lease renewal at NOMA Tower.
Nick Hollstegge was agent for the tenant in the lease of 2,108 SF at 100 W. Washington Street.
Shelby Dodson and Tommy Molin were agents for the landlord in a 6,318 SF office lease at Patrick Square.
Charles Gouch and Blaine Hart were agents for the landlord and Shelby Dodson was agent for the tenant in the office lease of 1,971 SF at 101 N. Main Street.
Tommy Molin and Blaine Hart were agents in the retail lease of 5,803 SF at Poe West. Blaine Hart and Tommy Molin were agents for the landlord in the lease of 5,684 SF at Markley Station. Brian Scurlock was agent for the tenant in the lease of 5,000 SF at 1010 Woods Crossing Road. Charles Gouch and Blaine Hart were agents for the landlord and Shelby Dodson was agent for the tenant in the lease of 4,255 SF of office space at One Liberty Square. Charles Gouch, Blaine Hart and Shelby Dodson were agents for the landlord in the lease of 3,806 SF at Park 37. Blaine Hart was agent for the landlord
Charles Gouch was agent for the tenant in the office lease of 3,900 SF at 8 Parkway Commons. Tommy Molin and Blaine Hart were agents for the landlord in the 1,794 SF retail lease at Poe West. Brian Scurlock was agent for the landlord in the 1,688 SF lease at 1240 Floyd Baker Boulevard. Tommy Molin and Blaine Hart were agents for the landlord in the 1,647 SF retail lease at Poe West. Charles Gouch, Blaine Hart and Shelby Dodson were agents for the landlord in the lease of 1,603 SF at 101 N Main Street. Campbell Lewis was agent for the landlord in the lease of 1,500 SF at 1120 W. Butler Road, Suite O. 5.24.2019 | upstatebusinessjournal.com
“Purveyors of Classic American Style” 864.232.2761 | rushwilson.com 23 West North St., Downtown Greenville
FATHER’S DAY IS JUNE 16TH
PATEWOOD
VENTURE DRIVE
DEALMAKERS
50 International Drive Suite 110 103 S Venture Drive 5,800 SF Class A, furnished ANNOUNCING 3,000 SF,THE newFOLLOWING medical spaceCOMMERCIAL REAL ESTATE TRANSACTIONS office at Patewood for sublet convenient to Eastside hospitals Brian Scurlock was agent for the landlord in the 1,500 SF lease at 1120 W. Butler Road.
Tommy Molin and Brian Scurlock were agents for the landlord in the 1,472 SF lease at 810 E. Main Street. Brittany Farrar and Ryan Clark were agents for the tenant in a lease at 3014 N. Main Street.
Benji Smith, CCIM • Josh Tew, CCIM • Caldwell Johnston Investment andSales Leasing Results Commercial + Leasing
For Landlords, Tenants, Buyers and Sellers
864
400 4040
Tommy Molin and Brian Scurlock were agents for the landlord in the lease of 1,200 SF at Verdae Village. Stephen Navarro was agent for the seller in the sale of 5.29 acres at 44 E. Camperdown Way. Trey Pennington was agent for the buyer is the purchase of 40,000 SF at 107 Twenty-Nine Court.
LEE & ASSOCIATES
219 W Antrim
2421 New Easley Hwy
Signed Three (3) New Tenants
Signed Three (3) New Tenants
Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the landlord, Kamal SE LLC, in the lease renewal of 660 SF at 419 SE Main Street, Suite 201 in Simpsonville. The Tenant is George E Sansoucy, PE, LLC. Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the landlord, Heard and Heard IV, LLC and Heard and Heard Two, LLP, in the lease of 1,232 SF at 1 Creekview Court, Suite A. The tenant is VisioStack, Inc.
1559 Laurens Road
111 Pelham Commons
Office/Retail Available
Represented Landlord in Leasing
James McKay was agent for the landlord, Friddle & Friddle, LLC, in the lease of 1,800 SF at 3558 Hwy 153. The tenant is Summit 24, LLC dba Tropical Smoothie Cafe. Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the landlord, Beckman Properties, LLC, in the lease of 9,017 SF at 415 Brookshire Road. The tenant is EmployBridge, LLC.
400 Executive Center
100 W North Street
Sublet Available
Office/Retail Available
Benji Smith, CCIM
Josh Tew, CCIM
Caldwell Johnston
Jim Brown
Darath Mackie represented the Tenant, iTrust Wellness Group, LLC in the 4,600 SF lease of 117-119 Commons Way in Greenville, SC. The Landlord is Limited Properties, Inc. Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the buyer, Scott Daniel and/or assigns, in the purchase of 9,057 SF purchase at 6 Southridge Court. Darath Mackie and Randall Bentley were agents for the seller, Phillips Textile Marketing Company, Inc., in the sale of 2,095 SF at 108 Edinburgh Court. The buyer was Denney Properties, LLC. Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the buyer, Cyril & Sheeba Maliakal, in the purchase of 50,000 SF at 155 E. Church Street in Cowpens. The seller was RDI USA, Inc. Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the landlord, 385 Business Park, LLC, in the lease of 54,637 SF at 130 Monroe Drive in Simpsonville. Ashley Trantham was agent for the tenant, Stevens Aviation Aerospace and Defense LLC, in the lease of 16,500 SF at 502 North Main Street in Mauldin. The Landlord is JWC Mauldin, LLC. James McKay was agent for the landlord, Larry Friddle, in the lease renewal of 2,400 SF at 7486 Augusta Road, Suite A. The tenant is Karalina Enterprises d/b/a Little Caesar’s Pizza. Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the seller, Sikes Properties, LLC, in the sale of 18,600 SF at 56 Pelham Davis Circle.
Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the tenant, Santasalo Gears, Inc., in the lease renewal and expansion of 34,570 SF at 380 Business Parkway.
Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for both the seller, Greenville County Disabilities & Special Needs Board, and the buyer, Niftylift, Inc., in the purchase and sale of 5.06 acres at 1438 S. Buncombe Road.
Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the buyer, Professional Builders Supply, LLC in the purchase of 80,922 SF at 3550 Rutherford Road.
Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the buyer, Allen D’Andrea and/or assigns, in the purchase of 8,455 SF at 1140 White Horse Road.
Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the landlord, Cobba Properties, LLC, in the lease renewal of 1,400 SF at 2003 Perimeter Road, Suite A. The tenant is Dillon Supply Company.
Ashley Trantham and Darath Mackie were agents for the seller, John W. Evans, in the sale of 6,600 SF at 1171 North Hwy 25 in Travelers Rest. The buyer was Martin Ford.
864 400 4040 | flagshipsc.com 5.24.2019 | upstatebusinessjournal.com
DEALMAKERS ANNOUNCING THE FOLLOWING COMMERCIAL REAL ESTATE TRANSACTIONS Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the landlord, KIDCO, LLC, in the 48,000 SF lease of 1495-A Victor Hill Road in Duncan. The tenant was Swafford Warehouse, Inc.
Darath Mackie was agent for the landlord, SEPP, Inc., and Ashley Trantham and Darath Mackie were agents for the tenant, H & H Brands in the lease of 4,000 SF at 1110 West Butler Road, Suite I.
Randall Bentley and Darath Mackie were agents for the landlord, KAMAL SE, LLC, in the lease of 1,261 SF at 419 SE Main Street, Suite 203A in Simpsonville. The tenant is Lans Multi Services, LLC.
James McKay was agent for the sublandlord, C & G Enterprises, LLC, in the sublease of 1,320 SF at 15 Ray E Talley Court, Suite D in Simpsonville, SC. The subtenant is Mohammed Alshaebi.
Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the buyer, ROI Financial, LLC, in the purchase of 29,850 SF at 114116 Pride Drive in Simpsonville.
Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the landlord, WEWAL, LLC, in the lease renewal and expansion of 60,000 SF at 790 Duncan Reidville Road in Duncan.
Ashley Trantham was agent for the landlord, E-Power Trading LLC, in the lease renewal of 5,400 SF at 501 Richardson Street, Suite E&F in Simpsonville. The tenant is Hill-Rom. Randall Bentley, Kevin Bentley, Chad Stepp and Andrew Harrill were agents for the tenant, Kenco Logistics Services LLC, in the lease renewal of 161,797 SF at 280 Parkway East in Spartanburg. The landlord is Stone Mountain Industrial Park, Inc.
PINTAIL CAPITAL PARTNERS Tyson Smoak was agent in the lease of 4,500 SF at 3 Independence Pointe, Suite 107 by Strategic Power Systems. Ross Kester was agent in the lease of 5,700 SF at 103 Fairview Pointe Drive in Simpsonville by Wolfram Enterprises to Bon Secours. Tyson Smoak was agent in the lease of 8,000 SF at 800 E. North Street to Sandlapper Capital.
Tyson Smoak was agent in the lease of 60,000 SF at 423 S Main Street (Camperdown development) by CAP Camperdown to Elliott Davis. Tyson Smoak was agent in the lease of 12,302 SF at 1 Cannon Drive (Innervision @ Grove) to MedQuest. Lakin Parr was agent in the purchase of approximately 8,500 SF at 24 Park Woodruff Drive by 24 Park LLC. Cameron Babbitt was agent in the sale of approximately a 45,000 SF office building at 4645 Timber Ridge Drive, Douglasville, GA, by JRF Douglas Corporation to SG Property Services, LLC.
LANGSTON BLACK Rick Hammett was agent for the seller, A.F.H. Limited Partnership, and the buyer, McCraney Property Company, in the sale and purchase of approximately 78-acres on Apple Valley & Berry Shoals Road in Duncan. Hammett was also agent for McCraney Property Company in the purchase of 14.76 acres at Berry Shoals Road. The property acquisition totals 92 acres and will house an 800,000 SF warehouse.
Rick Hammett was agent in the purchase of 31 acres at Brockman McClimon and Abner Creek Road in Greer. Deep River South Development is the buyer. Tim Allender was agent for Bentley Properties, LLC in a three-year lease of 1,200 SF at 3 Town Center Drive in Greer. Bob Ashworth was agent for the seller, 1840 S Highway 14, LLC, in the sale of a 100,000 SF warehouse at 1840 S. Hwy 14 in Greer. The buyer is Muran Property Group, LLC. Rick Hammett was agent for the seller, CMJ Fairfield Road, LLC, in the sale of a 6,590 SF building and 2.34 acres at 2571 E. Phillips Road in Greer. The buyer is Greer Investment Holdings, LLC. Tim Allender was agent for the landlord, ACJ Properties, LLC, in the three-year lease of 10,000 SF at 364 W Phillips Road in Greer. The tenant is Allstar Baseball & Softball, LLC. Chuck Langston was agent for the sellers, Richard and Rebekah Carnahan, with the sale a 1-acre property at Brannon Ave in Greer. The buyer is a national tire retailer.
WHAT ELSE? CLARITY
GLOBAL COMMERCIAL REAL ESTATE
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DEALMAKERS ANNOUNCING THE FOLLOWING COMMERCIAL REAL ESTATE TRANSACTIONS Jim Griffin was agent for the landlord, Michael S. Dillon, with a 36-month lease of 5,000 SF at 4383 Wade Hampton Boulevard.
Jim Griffin was agent for Grif-ko Apartments, Inc. in a seven-year lease at 955 W. Wade Hampton Avenue, Unit A in Hampton Centre.
Paul Lister and Brady Toy were agents in a three-year lease at 217 W. Wade Hampton Boulevard, Unit F to Purely CBD of Greer.
Tim Allender was agent for the tenant, Two Maids & A Mop, in their lease at 2320 East North Street.
Tim Allender was agent for the tenant, Greer Community Finance, Inc., and Paul Lister, was agent for the landlord in the three-year lease at 217-C W. Wade Hampton Boulevard.
Chuck Langston was agent for the buyer, Lily Doan, and Brad Toy was agent for the seller, Foxfield, Inc., in the purchase and sale of 7.24 acres on Chandler Road in Greer.
Bob Ashworth was agent in the lease of a 14,000 SF warehouse at 300 Connecticut Avenue in Greer to Astra Services.
Chuck Langston was agent for the seller, Wilene Mason, of 142-acres on Lister Road in Greer.
Chuck Langston was agent for the seller, Gutsy Raw Grains, LLC, with the sale of a building and .64 acres at 704 Poinsett Highway. Bradley Toy and Robert Abel were agents for the seller, Evelyn Trotter, in the sale of 6.29 acres at Alexander Road in Greer. Charles B Langston was agent for the seller, MJT Properties, LLC, in the sale of a 3,345 SF office space at 540 Old Howell Road. Tim Allender was agent for the seller, Greenville Tech Foundation, and Chuck Langston was agent for the buyer, Locust Hill Partners, LLC, of 4.6 acres at McElhaney & Locust Hill Roads. Rick Hammett was agent for the landlord, Furman Square, LLC, in a multi-year lease at 5205 A-3 Old Buncombe Road.
Bob Ashworth was agent in the lease of a 1,700 SF office suite at 108B Trade Street in Greer to Standard Hauling, LLC. Rick Hammett was agent for the buyer in the purchase of 4.534 acres at 669 W. Butler Road in Mauldin. Roger Barnes was agent for the tenant, Wolf Packaging, LLC, in a one-year lease at 1425-C South Buncombe Road in Greer. Rick Hammett was agent in the sale of 31 acres at the corner of Brockman McClimon & Abner Creek Road in Greer to Deep River South Development.
COLDWELL BANKER CAINE COMMERCIAL Rick Cauthen was agent for the sellers, Hewitt Lawhon, Jr., Julia D. Lawhon, Stefan E. Finley, David C. Finley and Nancy F. Chapman, in the sale of .337 acres at 425 Cedar Circle in Easley to 421 Cedar Circle, LLC. David Sigmon and Matt Vanvick were agents for the sellers, James H. Taylor, Jr., Diane Vaughn and Douglas Carl Taylor, and Pete Brett was agent for the buyers, Chris and Katie Holding Company, LLC. in the sale and purchase of .816 acres and a 4,767 SF retail building at 1813 Laurens Road that will be the new Farmhouse Pizza location.
LOCAL ADVANTAGE. CBRE knows the Upstate. Through our industry leading perspectives, scale and local connectivity, we deliver outcomes that drive business and bottom-line performance for every client we serve in South Carolina. How can we help transform your real estate into real advantage?
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UBJ | 5.24.2019
Pete Brett, David Sigmon and Matt Vanvick were agents for the buyer, Orthodox Church of St. Philaret of New York, Inc., in the purchase of 11.69 acres at 4612-4640 SC Hwy. 101, from Paul Vance Littlefield & Patricia S. Littlefield. Pete Brett, David Sigmon and Matt Vanvick were agents for the landlord, Design Development, LLC, in the subleasing of a 1,300 SF office space at 512-B Augusta St., to Base 360, LLC. David Sigmon and Sammy DuBose were agents for the tenant, Insurance Applications Group, Inc., in the renewal and expansion of 19,837 SF of office space at 220 North Main St., Ste. 605, from Greenville Main Street Office, LLC. Tim Satterfield was agent for the seller, East Main Properties, LLC, in the sale of 1.93 acres at 2440 Reidville Rd in Spartanburg to Blackstream Homes, LLC. Tim Satterfield was agent for the buyer, BBT Spartanburg DV, LLC, in the purchase of a 32,041 SF retail (bank) building on 1.84 acres at 380 E. Main Street in Spartanburg from
DEALMAKERS ANNOUNCING THE FOLLOWING COMMERCIAL REAL ESTATE TRANSACTIONS Branch Banking & Trust Company.
to 2770 Southport Road, LLC.
Tim Satterfield was agent for the tenant, Crescent Hospice, in the lease of a 2,225 SF office space at 753 E. Main St., Suites 1 & 2 in Spartanburg from BAEHR Investments, LLC.
Pete Brett was agent for the landlord, Westone Development, LLC, in the lease of a 1,549 SF retail space at 109 W. Stone Ave., Suite E-1, to Greenville Farmacy, LLC.
Pete Brett, David Sigmon and Matt Vanvick were agents for the seller, Wells Faro Bank, NA in the sale a 3,107 SF plus covered drivethru former bank building at 1174 Woodruff Road to Shri Prem Holdings, LLC.
Pete Brett, David Sigmon and Matt Vanvick were agents for the landlord, Debra Howard, in the lease of a 1,260 SF retail space at 738 Wade Hampton Boulevard to Jeana Marie Hair, LLC.
Rick Cauthen was agent for the seller, Pimpernal, LLC, in the sale of 6.32 acres at 101 Sweet Gum Valley Road in Travelers Rest to Harold C. Poston. Wiley North was agent for the buyer, Money Matters Pawn Shop, LLC, in the purchase of .56 acres at W. Frederick St. & W. Robinson Street in Gaffney from Richard L. Lavender, Bruce W. Lavender and Karen P. Lavender. Tim Satterfield was agent for the sellers, Melvin Boren and Roberta Minx Boren, in the sale of a 5,200 SF industrial building on .98 acres at 2770 Southport Road in Spartanburg
David Sigmon and Nicholas Sardone were agents for the landlord, 200 East Broad, LLC, in the lease renewal and expansion for a 10,341 SF office space at 200 E. Broad St., Ground Floor and Suite 150 to Creative Builders, LLC. Rick Cauthen was agent for the landlord, Henderson Enterprises, Inc., in the lease of a 738 SF retail space at 505-C N. Main Street in Mauldin to Mike Warlick Photography, LLC and a 537 SF retail space at 505-E N. Main Street in Mauldin to Just Hems Etc., LLC.
NAI EARLE FURMAN Andrew Babb and John Bauknight were agent for the tenant, Spartanburg
County for the State Dept. of Juvenile Justice, in the lease of a 5,596 SF office space at 145 N. Church Street, Ste. B107 from Spartanburg Business Technical Center, L.P. Andrew Babb and John Bauknight were agents for the tenant, Spartanburg County for the State Dept. of SC Probation, Pardon & Parole, in the lease of a 14,680 SF office space at 190 Commerce Street, Suite B 120 from Spartanburg Business Technology Center, L.P. Keith Jones and McNeil Epps were agents for the landlord, Carter Smith Merriam Rogers Traxler PA, in the lease of a 2,800 SF office space at 900 E. North Street to Kearns, Brinen & Monogham. Earle Furman, Keith Jones and McNeil Epps were agents for the landlord, ACH II Charleston, LLC, in the lease of a 2,929 SF industrial space at 14-20 Brozzini Court, Suite 16B to United Seating & Mobility, Numotion. Earle Furman and Shannon Caldwell were agents for the landlord, Falls Place, LLC, in the lease of a 2,050 SF office space at 531 South Main Street to Watermark Advisors, LLC.
Earle Furman, Keith Jones and McNeil Epps were agents for the landlord, Bank of Travelers Rest, in the lease of a 3,378 SF office space at 1041 Verdae Boulevard, Suite 201 to Total Human Resources, Inc. John Stathakis, II and Scott Jones were agents for the landlord, Congaree Marketplace, LLC, in the lease of a 2,745 SF retail space at 620 Congaree Rd., Suite F to Salon Adelle, LLC. Ted Lyerly was agent for the landlord, Palmetto Reader, LLC dba Menchie’s Frozen Yogurt, in the lease of a 1,224 SF retail space at 2123 Augusta Street to Healing Ways SC, LL dba CBD Store. John D. Gray, Jr., Drew Stamm and Michael Roth were agents for the landlord in the lease of a 9,750 SF retail space at 1425 Woodruff Road, a Walmart outparcel, to Greenville Mattress. Keith Jones and McNeil Epps were agents for the buyer, Calliope, LLC, in the purchase of a 6,000 SF office property located at 941 N. Pleasantburg Drive from Lynn Montgomery.
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UBJ | 5.24.2019
Business
Mortgage
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DEALMAKERS ANNOUNCING THE FOLLOWING COMMERCIAL REAL ESTATE TRANSACTIONS
Scott Jones and John Stathakis, II were agents for the seller, Roach Properties, LLC, in the sale of a 4,700 SF office property at 1879 N. Highway 25 to MLJL Properties, LLC. John D. Gray, Jr., Drew Stamm and Michael Roth were agents for the seller, Jackson Motorsports, in the sale of a 26,088 SF industrial property at 34 Old Mill Road to AJ Real Estate Holdings, LLC. Dan Dunn of NAI Earle Furman was agent for the seller, Thomasville National Bank, in the sale of 22.46 acres at E. Blackstock Road in Moore to Mark III Properties, Inc.
Scott Burgess, Lance Byars and Hector Mendoza were agents for the landlord, Pruitt Corporation of Anderson, in the renewal of space at 2931 N. Main St. in Anderson to Credit Central. Scott Burgess, Lance Byars and Hector Mendoza were agents for the landlord, New Market Anderson, LLC, in the lease of retail space at Anderson Central Shopping Center in Anderson to Great Clips.
COLLIERS INTERNATIONAL
Scott Burgess, Lance Byars and Hector Mendoza were agents for the landlord, Pruitt Corporation of Anderson, LLC, in the lease of retail space at 2923 N. Main Street in Anderson to Jules Frankel.
Richard Barrett and Brannan Hudson were agents for the seller, SC Propco LLC, in the sale of the flex building at 150 Ebenezer Road in Greer to L&L Enterprises of Simpsonville, LLC.
Scott Burgess, Lance Byars and Hector Mendoza were agents for the landlord, New Market Anderson, LLC, in the lease of retail space at Anderson Central to Advance America.
Richard Barrett and Brannan Hudson were agents for the buyer, R&J Investments, in the purchase of the industrial property at 56 Pelham Davis Circle from Sikes Properties LLC.
Frank Hammond was agent for the landlord, Excess Space Services in the lease of retail space at 3227 Augusta Road to Beauty Mart.
Frank Hammond was agent for the buyer, One World Technologies, in the purchase of 6.3 acres at 4601 Highway 81 in Anderson, SC from Atkins Real Estate Holdings, LLC Garrett Scott, John Montgomery, Brockton Hall and Ralph Settle were agents for the seller, Naval Yards, LLC, in the sale of 10,000 SF of office space at 1320 Howell Road in Duncan to Spencer Hines Properties. Scott Burgess and Lance Byars were agents for the landlord, McAlister Court, LLC, in the lease of retail space at The Shoppes at Gower to Image Studios 360. Scott Burgess and Lance Byars were agents for the landlord, FK Carolina Properties, LLC, in the lease of retail space at 3556 Clemson Boulevard in Anderson to CPR (Cell Phone Repair). Scott Burgess and Lance Byars were agents for the landlord, Doolittle Gallery, LLC, in the lease retail space at The Gallery, Haywood Road to Dogtopia. Scott Burgess and Lance Byars were agents for the tenant, The Woodhouse Day Spa, in the lease of retail space at Magnolia Park on Woodruff Road from Magnolia Park Greenville, LLC.
Frank Hammond was agent for the buyer, Pavilion Development Company, in the purchase of retail property at 1210 W. Wade Hampton Boulevard. Frank Hammond was agent for the buyer, Pavilion Development Company, in the purchase of retail property at 1220 W. Wade Hampton Boulevard. Frank Hammond was agent for the buyer, One World Technologies, in the purchase of 6.5 acres at I-85 Exit 27 in Anderson. Brantley Anderson and Taylor Allen were agents for the landlord, Lingerfelt CommonWealth Partners, in the lease of office space at Two Liberty Square to Shellpoint Mortgage Servicing. Garrett Scott, John Montgomery, Brockton Hall, Brantley Anderson and Taylor Allen were agents for the seller, Deitz & Watson, Inc., in the sale of 1 Task Industrial Court to Palmetto State Glass, Inc. Garrett Scott, John Montgomery and Brockton Hall were agents for the landlord, Atkins Machinery, LLC, in the lease of Building A at 1335 Hayne Street in Spartanburg to All Metals Processing & Logistics. Garrett Scott, John Montgomery and Brockton Hall were agents for the 5.24.2019 | upstatebusinessjournal.com
DEALMAKERS ANNOUNCING THE FOLLOWING COMMERCIAL REAL ESTATE TRANSACTIONS
864.334.4145 656 S Main Street, Suite 200 Greenville, South Carolina 29601
Commercial Real Estate Services At Avison Young, our commercial brokers deliver integrated real estate services to occupiers and investors throughout South Carolina. We provide solutions via tools, technology and expertise to support our clients however complex their challenges. It starts with the Avison Young team’s understanding of your business priorities, not with real estate transactions. For our clients, this means we produce customized, cost-effective solutions with speed, creativity, and confidence. Learn more about how our approach might help you at
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landlord, Atkins Machinery, LLC, in the lease of Building E at 1335 Hayne Street to ProPak Corporation, Inc.
Properties, in the lease of industrial space at Garlington Park to Southern Fireproofing.
Garrett Scott, John Montgomery and Brockton Hall were agents for the seller, Naval Yards, LLC, in the sale of office space at 1320 Howell Road to Tindall Corporation.
Richard Barrett and Brannan Hudson were agents for the landlord, Ziff Properties in the lease of industrial space at Garlington Park to Headlines Haircuts for Men.
Garrett Scott, John Montgomery and Brockton Hall were agents for Tempus Gaffney, LLC in the sale of 34 Commerce Drive in Gaffney.
Richard Barrett and Brannan Hudson were agents for the seller, SC Propco, LLC, in the sale of property at 150 Ebenezer Road in Simpsonville, SC to L&L Enterprises of Simpsonville LLC.
Ralph Settle was agent for the tenant, Magnolia Counseling, in the lease of office space at 811 E. Main Street in Spartanburg from Bob Couthen. Ralph Settle was agent for Shellpoint Mortgage Servicing in their lease expansion at Two Liberty Square.
Partnership. Performance.
Rhett Craig, MBA
Rakan Draz
Christopher B. Fraser, CCIM
Senior Associate Office & Investment Services rhett.craig@avisonyoung.com 864.616.4676
Senior Associate Retail & Investment Services rakan.draz@avisonyoung.com 864.905.7635
Managing Director and Principal Office & Investment Services chris.fraser@avisonyoung.com 843.452.9425
Rob Howell, MBA
Gary Lyons, CCIM, SIOR
Senior Vice President Industrial & Investment Services rob.howell@avisonyoung.com 404.493.3904
Senior Vice President Capital Markets/Investment Sales gary.lyons@avisonyoung.com 919.323.0118
Chris Prince, MBA
Ned Reynolds
Associate Office & Investment Services chris.prince@avisonyoung.com 864.430.4957
Associate Office & Investment Services ned.reynolds@avisonyoung.com 336.260.3148
John Odom Senior Associate Retail & Investment Services john.odom@avisonyoung.com 864.979.2183
Beverly Barnes Property Manager beverly.barnes@avisonyoung.com 864.354.3393
Madison Mast
Rionni Ward
Jessica Putallaz
Client Services Coordinator madison.mast@avisonyoung.com
Marketing Coordinator rionni.ward@avisonyoung.com
Marketing Coordinator jessica.putallaz@avisonyoung.com
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Richard Barrett, Brannan Hudson, Garrett Scott, John Montgomery and Brockton Hall were agents for the landlord, Peter Weisman/Kinney Hill Associates, in the lease of industrial space at Corporate Center in Spartanburg to EPSI. Richard Barrett and Brannan Hudson represented R&J Investments in the lease of industrial space at 524 Brookshire Road to AVI Foodsystems, Inc. Richard Barrett, MCR, and Brannan Hudson were agents for the landlord, Ziff Properties, in the lease of office space at Garlington Park to Wentzell, LLC. Richard Barrett and Brannan Hudson were agents for the seller, J&J Rose Enterprises LLC, in the sale of industrial space at 12 Park Place Court to Park Place Investments, LLC. Richard Barrett and Brannan Hudson were agents for the landlord, Ziff Properties, in the lease of office space at Garlington Park to MD, Inc. Richard Barrett and Brannan Hudson were agents for the landlord, Ziff Properties, in the lease of industrial space at Garlington Park to Uster Technologies, Inc. Richard Barrett and Brannan Hudson were agents for the landlord, Ziff Properties, in the lease of industrial space at Garlington Park to Closets Plus, Inc. Richard Barrett and Brannan Hudson were agents for the landlord, Ziff Properties, in the lease of office space at Garlington Park to Mackenzie Group, Inc. Richard Barrett and Brannan Hudson were agents for the landlord, Ziff 5.24.2019 | upstatebusinessjournal.com
Richard Barrett and Brannan Hudson were agents for the buyer, R&J Investments, in the purchase of 56 Pelham Davis Circle from Sikes Properties LLC. Brantley Anderson and Taylor Allen were agents for the landlord, Gerber Pelham Realty, in the lease of 5,500 SF of office space at 7001 Pelham Road to National Land Realty, LLC. Brantley Anderson and Taylor Allen, CCIM represented Faurecia Interior Systems, Inc. in a lease renewal of 5,918 SF of office space at 84 Villa Road in Greenville. Brantley Anderson and Taylor Allen were agents for the landlord, Pinnacle Financial Partners, in leasing 1,200 SF of office space at 6602 Calhoun Memorial Highway in Easley to AVTEX. Frank Hammond was agent for the seller, Cardinal Ventures, in the purchase of 3.97 acres at 360 Woodruff Road from Verdae Development, Inc. Scott Burgess, Lance Byars and Hector Mendoza were agents for the landlord, Pruitt Shopping Center, in the lease of 2,550 SF of retail space in Anderson to The Powell Group, LLC. Scott Burgess, Lance Byars and Hector Mendoza were agents for the landlord, Bourne Highway 81, LLC, in the lease of 2,800 SF of restaurant space to Sakura Japanese Restaurant. Scott Burgess, Lance Byars and Hector Mendoza were agents for ARC, LLC in the lease of 1,200 SF at Anderson Station. Scott Burgess, Lance Byars and Hector Mendoza were agents for Pruitt Shopping Center in the lease of 900 SF at 2900 N. Main Street in Anderson to Model Barber Shop at 2900 N. Main Street.
DEALMAKERS ANNOUNCING THE FOLLOWING COMMERCIAL REAL ESTATE TRANSACTIONS Richard Barrett and Brannan Hudson were agents for the landlord, MTB Properties, LLC, in the lease of 3,000 SF at 200 Augusta Arbor Way to the McLaughlin Group. Richard Barrett and Brannan Hudson were agents for the landlord, Garlington Park LLC, in the lease of 5,600 SF of flex space to Harris Integrated Solutions, Inc. Garrett Scott, SIOR, John Montgomery and Brockton Hall were agents for the landlord, 625 S. Old Piedmont, in the lease of 100,000 SF of industrial space to Chempak International, Inc.
Bobby Miller was the agent in the sell of acreage within the Fairview Road/Harrison Bridge Road corridor to a pediatric dental group.
Grayson Burgess represented the landlord, 1719 East Main, LLC, in the lease of 1,200 SF office space at 3401 Highway 153, Piedmont.
Greg Huff was agent sale of a 9,057 SF flex and office building at 6 Southridge Court to SCI Enterprise LLC.
Chris Butler was the agent for Home City Ice in the lease of industrial space at 5205 Old Buncombe Road in Greenville.
Grayson Burgess was agent for the tenant, RurouniFADI, LLC, in the lease of 4,046 SF flex/office space at 48 Brookfield Oaks Drive.
Brad Doyle and Mark Ratchford were agents for the buyer, F5 Management Team, LLC, in the purchase of two buildings totaling 7,610 SF at 138 S. Main Street in Travelers Rest.
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Joe Teague and Hays Reynolds were agents for the landlord in the lease of 918 SF of office space at 330 Pelham Road, Suite 201 to Kasa Delivery LLC.
THE BURGESS CO.
Garrett Scott, John Montgomery and Brockton Hall were agents for the landlord, Clayco Realty Group, in leasing 1.3 million SF at the Cubes at Inland 85.
Grayson Burgess was agent for the landlord, Mountain Creek Real Estate, LLC, in the lease of 1,800 SF retail/office space at 2909 Old Buncombe Road.
KDS COMMERCIAL PROPERTIES
Grayson Burgess was agent for the landlord, RMBC TIC Rollup, LLC, in the lease of 3,744 SF office space at 440 Roper Mountain Road.
Mark Ratchford was the agent in the sell of 50,000 SF commercial building on 5.88 acres at 8150 Warren H. Abernathy Highway in Spartanburg to Green Charter School.
Grayson Burgess was agent for the seller, Veterinary Associates, LLC, in the sale of a 3,900 net leased retail building at 1601 Lauren’s Road.
Ted Arnold was agent for the landlord, Appliance Warehouse LLC, in the lease of a 9,500 SF retail space at 1208 W Wade Hampton Boulevard. Bryon Culbertson was agent for the landlord in the lease of a 1,200 SF retail space at 1239 Pendleton Street. Bryon Culbertson was agent in the lease of a 2,270 SF office space at 213E Butler B-1 in Mauldin to Dr. Steiner. Caleb Boyd was the agent for the seller in the sale of 1.02 acres at Congaree Road.
Bryon Culbertson was agent for the landlord, NSSP, LLC, and tenant, Stanley’s Mobile Home Transport, in the lease of 3.87 acres at 11610 Anderson Road. Andrew Plunkett was agent for the tenant, Mike Warlick Photography, LLC, in 738 SF office space at 505 C Main Street in Mauldin. Nelson Garrison was agent for the landlord, Associated Systems Inc, and Bryon Culbertson was agent for the tenant, Urban Divinity School, in the lease of a 5,492 SF office building at 242 S. Pleasantburg Drive. Matt Carter was agent for the landlord in a 1,281 SF lease of flex space at 221 Cooper Lane, Suite D in Easley to Network Solutions of America.
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DEALMAKERS ANNOUNCING THE FOLLOWING COMMERCIAL REAL ESTATE TRANSACTIONS
GRAND OPENING
Bryon Culbertson was agent for the buyer in the purchase of 8.1 acres at 123 Kiowa Lane in Piedmont. Steve Greer was agent for the owner in the sale of a 4,000 SF office building at 880 S. Pleasantburg Drive.
CUSHMAN & WAKEFIELD | THALHIMER Kyle Berdugo and Laura Harmon were agents for the tenant, AssuredPartners, in the lease of 11,780 SF of office space in One Liberty Square at 55 Beattie Place.
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UBJ | 5.24.2019
Ben Goforth was agent for the buyer, Old Hills Bridge, LLC, in the purchase of 33 acres on Rocky Ridge Road in Spartanburg County. Jay Alexander and Michael Spiers were agents for the seller, the Herbert family, in the sale of 508acre Cedar Valley Farm in Laurens. Ben Goforth was agent for the buyer, Old Hills Bridge, LLC, in the purchase of 54 acres on Old Hills Bridge Road in Enoree.
Kyle Berdugo and Laura Harmon were agents for the landlord, Allen Lund Company, in the lease of 2,192 SF of office space in The Old Cotton Warehouse at 511 Rhett.
Michael Spiers and Bill Fayssoux were agents in the lease of a 30,000 SF retail location for Goodwill Industries of the Upstate/ Midlands in Union.
WINDSOR AUGHTRY
Laurens Nicholson and Ben Goforth was agent for the seller, DKS Partners, LLC in the sale of a 68,000 SF industrial building at 136 Leader Drive in Piedmont. The buyer was A. Palmer Company, LP.
Jay Alexander and Gray Morgan were agents for the seller, the Black family, in the sale of 60 acres on Hwy. 29 in Spartanburg.
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lease of 1319 Cedar Lane Road to Captain Electric.
Ben Goforth was agent for the buyer, Smartacus, LLC, in the purchase of an office condo at 200 North Main Street. Laurens Nicholson was agent in the
Jay Alexander and Gray Morgan were agents for the buyer, Muran International, in the purchase of a 100,000 SF warehouse located on Highway 14 in Greer.
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WORKFORCE WOES Workforce shortage expected to continue for another decade n story by JOE TOPPE | photos PROVIDED
Upstate manufacturers expecting an end to their workforce woes are likely to see the shortage of skilled hands extend well into the next decade. The latest report by the National Association of Manufacturers (NAM) and Deloitte predicts nearly 5 million open positions by 2028 due to retirement and natural job grow th. As also outlined by the study, the growing skills gap could mean less than half those jobs will be filled, leaving 2.4 million empty slots. For area manufacturers, Mark Farris, CEO of the Greenville Area Development Corp., isn’t pulling his punches, saying, “We still have a few years before we can hope to meet contemporary industr y needs for a higher-skilled workforce.” There has always been a lag between the needs of industry and worker-training programs, he said. As the industry approaches another manufacturing revolution brought about by robotics, 3D printing, and systems integration, he said, “that lag must be shorter if the U.S. hopes to retain its position in the global 28
UBJ | 5.24.2019
economy.” Although Upstate manufacturing executives say the skills gap is not unseen territory, the digital era poses new obstacles to the
MANUFACTURING JOB PROJECTIONS FOR 2028 • 5 million open positions due to retirement and natural job growth • 2.4 million of those jobs may not be filled because of the growing skills gap aging and lower-skilled workforce from just a few decades ago. Chris Urban, managing director at Aalberts material technology, said the area’s textile workers that moved into manufacturing are now aging out and being replaced by a younger, much different workforce. “Today’s up-and-coming workforce has completely different needs and longs to be part of something bigger than them-
selves,” he said. The NAM study also shows the average time to fill an open position is on the rise. From 2015 to 2018, days before hire jumped from 70 to 93 for skilled production workers, from 94 to 118 for engineers, researchers, and scientists, and from 48 to 90 for all other workforce areas. And if that weren’t enough, the skills shortage could put the United States’ $454 billion of manufacturing GDP at risk in 2028. Advanced robotics manufacturing is a necessity and a competitive advantage for both private manufacturers and the defense industry in the United States, said Kapil Chalil Madathil, assistant professor in Clemson University’s College of Engineering, Computing, and Applied Sciences. “We need to build programs capable of bridging the knowledge gap so students can acquire the skills needed to perform high-skilled, robotics-based manufacturing jobs in targeted areas of robust growth in South Carolina’s business community,”
IT’S TAKING LONGER TO FILL OPEN POSITIONS Skilled Production Workers 2015
70 DAYS
2018
93 DAYS
Engineers 2015
94 DAYS
2018
118 DAYS
Researchers/Scientists 2015 2018
48 DAYS 90 DAYS
Source: National Association of Manufacturers (NAM) Study
Madathil said. Despite a rise in automated manufacturing processes, the NA M study shows only lowskilled jobs being eliminated, leaving the gap in place. As part of the report, the World Economic Forum emphasized machines and algorithms will
contribute 42 percent of total task hours by 2022, compared with just 29 percent last year. Madathil said the greatest obstacle for educational institutions in today’s market is building a workforce capable of using advanced skill requirements in traditional manufacturing jobs and those created by Industry 4.0. Students must master the basic skills before taking a position in a robotics-enabled industry environment, while small and medium-scale companies should work with local institutions to incorporate apprentice programs involving robotics-based systems, he said. Madathil also recommended educational institutions offer industry certification programs and incentives for students and incumbent workers to take online programs, including foundational courses on robotics. Spa r t a nbu r g C om mu n it y College President Henry C. Giles
Jr. has recommended the state increase funding to provide comprehensive support services for students enrolled in technical and community colleges. These students have difficulties staying in school because of work, family, and children, he said. Under current funding, “most colleges cannot afford the faculty or staff necessary to support the needs of all students.” Alex Clark, a spokesperson for the South Carolina Department of Commerce, said the government organization recognizes the need for industry access to a deep pool of talent. “S.C. Commerce is actively working with our allies, from the technical college system and local school districts to four-year universities and workforce-focused nonprofits,” he said. While a relationship with industry-related organizations and state and local government remains high on the list for technical programs and other
WE NEED TO BUILD PROGRAMS CAPABLE OF
BRIDGING THE KNOWLEDGE GAP SO STUDENTS CAN ACQUIRE THE SKILLS NEEDED TO PERFORM HIGH-SKILLED, ROBOTICS-BASED MANUFACTURING JOBS IN TARGETED AREAS OF ROBUST GROWTH IN SOUTH CAROLINA’S BUSINESS COMMUNITY.”
KAPIL CHALIL MADA
assistant professor in Clemson University’s College of Engineering, Computing, and Applied Sciences.
educational entities, an open dialogue with the region’s manufacturing firms is ideal. Partnerships with employers will remain key in meeting workforce needs, said Dr. Jermaine Whirl, Greenville Tech’s vice president of learning and workforce development. With educators and employers working together, “workforce challenges can be overcome,” he said. But, in an emerging manufacturing hub for luxury automobiles
and a variety of aerospace applications, Brian Kuney, vice president of the South Carolina Manufacturing Extension Partnership, worries manufacturers are too busy with the bottom line to keep up with the day to day of workforce demands. For the time being, firms will leave the lion’s share of workforce development to state and local government, tech programs, and staffing agencies, he said. “Manufacturers are in the business of building things.”
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29
A CALL TO ARMS
Area manufacturers scramble to defend supply chain from cyber attacks
n story by JOE TOPPE
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The Upstate’s largest manufacturing hands are now plugging holes along digital supply lines to stave off the daily barrage of cyber attacks. For area suppliers, the virtual breaches have opened a new threat to the mass production of goods and the shipment of components. Supply Chain Dive recently pinpointed likely threats ranging from industrial espionage for corporate information-gathering to using the infrastructure to access computing resources for Bitcoin mining and the online storage of illicit things like child pornography.
WHO ARE THESE HACKERS? “They’re everything from state-run cyber houses to bored teenagers in the basement,” said Jason Marlin, president at Champion Aerospace in Liberty. State-run cyber attacks are typically after intellectual property while some are after resources to mine cryptocurrencies, he said. Because of things like “ransomware in a box” found on the dark web, “anyone can try their luck at becoming a cyber criminal.” Although they are often less sophisticated, the National Institute of Standards and Technology also named internal threats as a potential source. The organization highlighted countless incidents of malicious insiders stealing a company’s intellectual property or other confidential information for personal profit or revenge.
WHAT ARE THEY AFTER? www.ComfortKeepers.com 30
UBJ | 5.24.2019
In essence, Marlin said, “They’re doing it for property, money, or fame.” “It is one of the biggest issues facing
businesses today, and no matter how much effort we put into our organization to combat these threat vectors, we could still be put in a bad situation if one of our key suppliers has been hit,” he said. There are manufacturing processes specific in nature and sometimes supplied by a single source, “so no matter how much work is done at the local level, we will always be vulnerable,” Marlin said. Major risks include compromised hardware and software, inferior information security practiced by lower-tier suppliers, third-party service providers with virtual access, according to NIST.
HOW DID THEY GET HERE? While some of it is due to Industry 4.0, Chuck Spangler, president of the South Carolina Manufacturing Extension Partnership, said IoT (Internet of Things) devices offer cyber criminals the chance to gain access to a normally secure network. New manufacturing machines are digital and can communicate with each other, he said. Although this is great for visibility along the supply chain, “it causes concern for breaches.” Cyber security in the supply chain cannot be viewed as an IT problem only. NIST showed cyber risks also include sourcing, vendor management, supply chain continuity quality, and transportation security. As more devices become internet-capable and the use of wireless devices in the manufacturing environment increases, “the need for more secure and reliable networks has never been greater,” said Katie Zarich,
manager of external communications at Cummins Inc.
WHO IS AT MOST RISK? Spangler said small to midsized manufacturing companies are seen as low-hanging fruit. Without in-house resources to implement a great cyber security plan, “some of these companies have been held hostage and had to pay to release their intellectual property,” he said. Still, the larger manufacturers remain at risk, and according to some industry professionals, they are the central target of seasoned hackers. Large manufacturers can store the most data and house the most sensitive information sellable on the deep web, said Deveren Werne, owner of Liquid Video Technologies and Mojoe.net in Greenville. “They are where the hackers want to be,” said Werne said.
HOW OFTEN ARE THE ATTACKS? “We are targeted daily,” Marlin said. There are phishing attempts, multiple port reads, and many other daily threats detected, he said. From an IT department’s perspective, “we now spend 30 to 40 percent of our time on cyber security threats.” The increasing interconnectivity of manufacturing supply chains has given rise to cyber attacks, and as more firms come online, that risk is only expected to grow. “Securing that data means cyber security should remain a manufacturer’s foremost concern when developing any IoT device,” Werne said.
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NEWS |
SMALL BUSINESS SPOTLIGHT
INSIDE
Inside Oil & Vinegar’s handcrafted products n story by ARIEL GILREATH | photos by WILL CROOKS
Oil & Vinegar encompasses what it means to be a wholly artisanal shop — the small store sits on North Main Street in Downtown Greenville, and although it’s a franchise, there are less than a dozen in the United States. As the name suggests, the shop has dozens of different oils and vinegars sourced from small farms across the world — in Spain, Portugal, Morocco, and South Africa. The oils range from the smoky garlic grapeseed to peppery black truffle, with vinegars ranging from peach apricot to red onion. Veera Gault and her husband opened the store in 2013 after deciding between Greenville, Savannah, Georgia and Hilton Head for locations. Gault landed on Oil & Vinegar, whose headquarters is based out of the Netherlands, as the store she wanted to open. The closest Oil & Vinegar stores to South Carolina are located in southern Florida and Texas. “We took a couple of walks up and down Main Street, talked to people, fell in love with Greenville and decided to move here,” Gault said. Gault, a former culinary professor at Johnson and Wales University, uses each of them to craft new recipes for her customers — by blending blood orange oil and strawberry rhubarb vinegar, she makes a sweet dressing to top a summer salad. By adding small amounts of her fruity vinegars to seltzer water, you get a light drink without the pungent taste most often associated with vinegars. “The concept is to provide the best quality, best health benefits in simply made food that is artisanally made,” Gault said. “So, yes, you can buy what the label says is extra virgin olive oil in a grocery store, but then you can buy oil here and you can taste the difference.” Gault’s store acts similar to a winery — customers can taste the different oils and vinegars and blend them together before deciding to buy a pair. “There are olive oil sommeliers just like there are wine sommeliers, and you can learn to taste oil and look for all the different kind of components and make-up of the oil, and whether it’s got the right polyphenol or antioxidant counts in them — you can taste them by the way you taste the oil,” Gault said. For Gault, it was important to own a store where she could cater to customers with all ranges of cooking skills. “We do a lot of pairings, and we match an oil and a vinegar together to give you an idea of what you can do with it as a salad dressing, as a marinade, or even just to cook with,” Gault said. “Many of these, I’ll cook fish, chicken or something with them and you get a really flavorful and healthy meal with relatively little effort.” Customers choose between dozens of oils and vinegars before choosing the glass bottles they want to store them in — Gault always bottles the oils and vinegars separately because they contain no preservatives, although they will still last on the shelf for about 18 months “We sell our oils and vinegars in separate bottles so that you can actually mix and match them when you go home, but the biggest reason we sell them in separate bottles as opposed to combined is because our oils have no preservatives in them, and the acidity of the vinegar destroys the oil within a five to seven day period without preservatives,” Gault said. Although most people are likely accustomed to buying unflavored olive oil, Gault’s flavored oils are some of her best sellers. “They’re what we call ‘fused flavor oils,’ so like our basil oil — they take basil and olives and they crush it all at the same time,” Gault said. “So you get this really nice, intense basil flavor in the oil that isn’t added to the oil after the oil is made, it’s added to the oil while the oil is being made.”
32
UBJ | 5.24.2019
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UBJ | 5.24.2019
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FROM THE COMMUNITY
| OPINION
5G will be way more NOT JUST FASTER STREAMING AND A COOLER PHONE By LAURA HAIGHT president, portfoliosc.com
You’re hearing a lot about 5G these days. It’s almost like it’s a thing already. Well, it is a thing, but it’s only an operational thing if you live in Chicago or Minneapolis, where Verizon launched the very first 5G networks just last month. So don’t run out and buy a 5G phone tomorrow because by the time you can get the benefit of it, it will be outdated. But 5G is coming, and with it a fourth industrial revolution — and it’s going to be way more than a faster internet and a cooler phone. Over the next few months, in this column and articles, we’re going to take a look at 5G and how it may impact different aspects of business segments from manufacturing to health care, communications, civic life, social life, social media, and security. What’s the big deal? After all internet speeds have been getting faster and faster for years. I could dazzle you with comparisons of gigabytes versus petabytes and the like, but, with the help of Karen Schulz of Verizon National Network Communications, let’s take a peak at future functionality forged by 5G instead. Extremely low latency (lag time) can be the technology needed to make 3D imagery of human tissue during a surgery possible, vastly increasing a surgeon’s visibility of the surgical field. In fact, look for new eras of medical technology advancement, particularly in the realm of emergency medicine. Massive amounts of data in the range of 10 TB (terabytes) per kilometer can be moved through 5G networks. For comparison consider that every data point – every
photo, video, text, television program, streaming web service – associated with the entire week of Super Bowl 2017 only amounted to 8 TB. Those amounts of data, coupled with low latency and handoffs as fast as 500 kph will fuel the long-dreamed about smart road technology and an expected wide adaptation of autonomous vehicles. Small cells in dense configurations will make 5G scalable – serving a million devices per kilometer. Those configurations – a small cell every 1000 ft – will require network devices everywhere. According to Schulz, Verizon’s been placing devices on utility poles, street lights and even on the sides of buildings. “If you knew what to look for you would see them everywhere,” she says. And that will spur the development of even more IoT and IIoT (Industrial Internet of Things) applications and devices. In the sphere
of law enforcement and security, video surveillance will be omnipresent, with biometric recognition occurring in real time. Availability of data and AI applications to support law enforcement will be far more accessible, and cost-effective. 5G will be the infrastructure that can bring form to ideas that have been the stuff of imagined futures of science fiction. But sometimes that science fiction has a sinister side. And it’s that side that is already raising red flags on the privacy front. Even as Congress warms to the idea of a national privacy act, similar to the EU’s vast GDPR (General Data Protection Regulation). Interest is fueled by constant news about social media platforms in general, and Facebook in particular sacrificing privacy for user convenience and company profits. Some upstate businesses with operations or sales in Europe are already dealing with the heavy lift
that the GDPR imposes. A similar US act – if we could get our act together – would potentially impact every business in the country. At a time, when data acquisition and strategic solutions may finally be within reach of the average business, we may be facing a bigger issue of how to protect American’s privacy when every move of every day can potentially be tracked. Can we have both a 5G-fueled world of smart/safe cities, smart electric grids, autonomous vehicles, advanced medical care, and connected social as well as business lives, and still have some semblance of privacy? What will 5G make possible in your business? I want to sit down with business, political and education leaders to “blue sky” with me for future articles. Connect with me at laura@portfoliosc.com. 5.24.2019 | upstatebusinessjournal.com
35
OPINION |
CELEBRATE THE LAST DAY OF SCHOOL WITH
FROM THE COMMUNITY
Compassion – a key feature of effective leadership By MANFRED GOLLENT CEO, QLI International
Attracting and engaging new talent is one of the most talked about issues in the world of business. Both, attracting new talent and engaging people into the vision and mission of an organization points to the organizational culture and, consequently, the leadership. Compassion is a fundamental pillar for highly effective leadership; however, it may not always enjoy the level of importance it deserves.
WHAT IS COMPASSION IN PRACTICAL TERMS?
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UBJ | 5.24.2019
I found an appealing explanation of the term compassion at the “Greater Good” website and they state it as the following: “Compassion literally means “to suffer together.” Among emotion researchers, it is defined as the feeling that arises when you are confronted with another’s suffering and feel motivated to relieve that suffering.” Compassion is not the same as empathy or altruism, though the concepts are related. While empathy refers more generally to our ability to take the perspective of and feel the emotions of another person, compassion is when those feelings and thoughts include the desire to help. Altruism, in turn, is the kind, selfless behavior often prompted by feelings of compassion, though one can feel compassion without acting on it, and altruism isn’t always motivated by compassion. While cynics may dismiss compassion as touchy-feely or irrational, scientists have started to map the biological basis of compassion, suggesting its deep evolutionary purpose. This research has shown that when we feel compassion, our heart rate slows down, we secrete the “bonding hormone” oxytocin, and regions of the
brain linked to empathy, caregiving, and feelings of pleasure light up, which often results in our wanting to approach and care for other people.” Another interpretation of compassion I like comes from a distinguished Tibetan scholar Thupten Jinpa who has a long-standing collaboration with the Dalai Lama. Jinpa describes compassion as follows: “Compassion is a mental state endowed with a sense of concern for the suffering of others and aspiration to see that suffering relieved.”
HE POINTS OUT COMPASSION AS HAVING THREE ELEMENTS:
1. A cognitive component: “I understand you” 2. An affective component: “I feel for you” 3. A motivational component: “I want to help you”
HOW DOES THIS RELATE TO LEADERSHIP?
To begin with, a persuasive contribution of compassion in an organizational environment is that it creates high leadership impact. Highly effective leaders have managed a crucial transformation which Bill George, former CEO of Medtronic, defined as shifting from “I to We.” Embracing this transition is a key element for leaders in becoming truly authentic. Uncompromising authenticity is a basic requirement for leaders to truly engage people and enable them to unleash the power of their organizations. Another important task of leadership is the development of leaders which requires from the leader to avoid the focus on “personal ego needs.” The emphasis must not be on the leader but always on those being led. Practicing compassion results into shifting the focus from self to others,
hence compassion is about going from “I” to “We.” If we accept the fact that transitioning from “I” to “We” is possibly the most important process of becoming a transformational leader. Jim Collins identified in his book Good to Great: “Why Some Companies Make the Leap… and Others Don’t” the fundamental connection between compassion and effective leadership very eloquently. The initial and possibly most important finding turned out to be the role of leadership. It requires a very special type of leader to transform a company from being good to being great and Collins named them “Level 5” leaders. Their attention is focused on the greater good of the company. While Collins’s book persuasively validates the importance of Level 5 leaders, it does not offer insight into a structure of developing them. However, it can be deducted with certainty that compassion plays an essential role in being a Level 5 leader. Considering the two distinguishing qualities of Level 5 leaders, ambition and personal humility, in the context of the three earlier indicated components of compassion, cognitive, affective and motivational, one can conclude that the cognitive and affective components of compassion representing understanding people and empathizing with them minimize self-centeredness, consequently establishing the conditions for humility. The motivational component of compassion of wanting to help people generates ambition for others or the greater good. Maybe, those three components of compassion can be effectively utilized in developing these two distinguishing qualities of Level 5 leadership. It might be very rewarding to consider the important contribution of compassion towards leadership excellence – it is a very potent and powerful combination.
WHAT ’S GOING ON GVL
| FYI
UPSTATE BUSINESS NEWS & NOTES March of Dimes to honor Joe Pazdan The March of Dimes will honor Joe Pazdan, a Managing Principal at McMillan Pazdan Smith at the 2019 Real Estate and Economic Development Award Luncheon. The event was established in 1998 to honor a member of the real estate community who has demonstrated a long history of service, leadership and vision. This year’s luncheon will be on Nov. 12 at the Poinsett Club. Joe Pazdan has played a significant role in the region’s revitalization and development over the last 30 years. His leadership spans numerous commercial projects, countless not-for-profit community-focused projects, and various civic leadership roles.
Design firm IIG, Good Shepherd Hospitality partner on boutique hotel Good Shepherd Pavilion LLC announced a partnership with design firm IIG for their The Shepherd Hotel project. The boutique hotel, located in downtown Clemson and within view of Clemson University, is set to open in 2020. A large percentage of the hotel’s workforce will be people with learning and intellectual disabilities. The design of the hotel will reflect The Shepherd Hotel mission to inspire and welcome all guests. Hotel co-founder Rick Hayduk, a seasoned luxury hotel leader, was inspired to design the hotel and its workforce by his daughter Jamison, who has Down syndrome.
Earn your Master of Business Administration degree in a program created specifically for active professionals. Offered fully online, completed in less than a year, and competitively priced under $20k, the 10-Month MBA at Gardner-Webb University is designed to be completed at the speed of life. The 10-Month MBA will strengthen your leadership skills and increase your knowledge in a wide range of key business functions. Fast, affordable, and worldclass the Gardner-Webb University 10-Month MBA will ignite your career at the speed of life. DARCY CRAVEN, ‘07 CHIEF EXECUTIVE OFFICER FATHER
Leadership Spartanburg graduates 49 The Spartanburg Area Chamber of Commerce recently recognized the 49 graduates of the 2018-2019 class of Leadership Spartanburg during a ceremony at The Piedmont Club. Over the course of nine months, Leadership Spartanburg participants got involved in monthly activities to improve their understanding of Spartanburg’s history, local and state government, education, arts and culture, community health and social issues, economic development, and Spartanburg’s future. In addition to recognizing the graduating class, the Leadership Spartanburg Alumni Association named their 2019 awardees. Leadership Spartanburg is presented by Spartanburg Regional Healthcare System.
For more information on these stories visit www.UpstateBusinessJournal.com
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ON THE MOVE |
NEW HIRES IN THE UPSTATE
PROMOTED
HIRED
DAVID PAXTON has been promoted to senior
KRISTINA ALBERT has joined VantagePoint
graphic designer at FerebeeLane. In his role, Paxton will provide art direction and guide the creative process for various accounts. Paxton has more than a decade of industry experience and joined the agency in 2017.
Marketing in Greenville as an account coordinator. Albert will maintain project-related client contact and assist the account team in project management and execution for clients. Albert graduated from Bob Jones University with a bachelor’s degree in communication.
PROMOTED
OPENED
WILL MURPHY has been promoted by Wells
CHARLIE CARPENTER has opened his law
Fargo Advisors to senior financial advisor of wealth management and managing director of investments. Murphy, who has worked in the financial services industry since 2000, graduated from Furman University with a business administration degree.
firm, Forward Law, in downtown Greenville. Carpenter practices law in the areas of real estate, taxation, and estate planning. Carpenter represents clients in the Carolinas. Previously, he served as an Officer in the United States Navy.
HIRED
AWARDED
JOANNA SCOTT has joined Crawford Strategy as
ROGER E. STEVENSON has been honored
a senior public relations account executive. Scott will develop strategic editorial coverage for clients by identifying key messages and developing media relations partnerships. She has a decade of experience in public relations and consumer marketing.
with The ACMG Foundation David L. Rimoin Lifetime Achievement Award in Medical Genetics. As the Greenwood Genetic Center co-founder and senior clinical geneticist, Stevenson has led the center to international acclaim in clinical services, research, and more.
50 5
Celebrating Celebrating 38
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MARKETING REPRESENTATIVES
Heather Propp | Liz Tew
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
UBJ milestone
jackson Marketing Group’s 25 Years
1990 Jackson Dawson acquires therapon marketing Group and moves to Piedmont office Center on Villa.
Meredith Rice
Chairman larry Jackson, Jackson marketing Group. Photos by Greg Beckner / Staff
Callie Michalak
1997 Jackson Dawson launches motorsports Division 1993
>>
Jackson Marketing Group celebrates 25 years By sherry Jackson | staff | sjackson@communityjournals.com
Solve. Serve. Grow. Those three words summarize Jackson Marketing Group’s guiding principles, and according to owner Larry Jackson, form the motivation that has kept the firm thriving for the past 25 years.
Jackson graduated from Bob Jones University with a degree in video and film production and started his 41-year career in the communications industry with the U.S. Army’s Public Information Office. He served during
Vietnam, where he said he was “luckily” stationed in the middle of Texas at Fort Hood. He left the service and went to work in public affairs and motorsports at Ford Motor Company in Detroit. After a stint at Bell and Howell, where he was responsible for managing Ford’s dealer marketing and training, the entrepreneurial bug hit and he co-founded Jackson-Dawson Marketing Communications, a company specializing in dealer training and product launches for the auto industry in 1980. In 1987, Jackson wanted to move back south and thought Greenville would be a good fit. An avid pilot, he
learned of an opportunity to purchase Cornerstone Aviation, a fixed base operation (FBO) that served as a service station for the Greenville Downtown Airport, providing fuel, maintenance and storage. In fact, when he started the Greenville office of what is now Jackson Marketing Group (JMG) in 1988, the offices were housed on the second floor in an airport hangar. “Clients would get distracted by the airplanes in the hangars and we’d have to corral them to get back upstairs to the meeting,” Jackson said. Jackson sold the FBO in 1993, but says it was a great way to get to know Greenville’s fathers and leaders
>>
with a majority of them utilizing the general aviation airport as a “corporate gateway to the city.” In 1997, Jackson and his son, Darrell, launched Jackson Motorsports Group. The new division was designed to sell race tires and go to racetracks to sell and mount the tires. Darrell Jackson now serves as president of the motorsports group and Larry Jackson has two other children and a son-in-law who work there. Jackson said all his children started at the bottom and “earned their way up.” Jackson kept the Jackson-Dawson branches in Detroit and others in Los Angeles and New York until he sold his portion of that partnership in 2009 as part of his estate planning. The company now operates a small office in Charlotte, but its main headquarters are in Greenville in a large office space off Woodruff Road, complete with a vision gallery that displays local artwork and an auditorium Jackson makes available for non-profit use. The Motorsports Group is housed in an additional 26,000 square feet building just down the street, and the agency is currently looking for another 20,000 square feet. Jackson said JMG has expanded into other verticals such as financial, healthcare, manufacturing and pro-bono work, but still has a strong focus on the auto industry and transportation. It’s
2003 motorsports Division acquires an additional 26,000 sq. ft. of warehouse space
1998 1998 Jackson Dawson moves to task industrial Court
also one of the few marketing companies in South Carolina to handle all aspects of a project in-house, with four suites handling video production, copywriting, media and research and web design. Clients include heavyweights such as BMW, Bob Jones University, the Peace Center, Michelin and Sage Automotive. Recent projects have included an interactive mobile application for Milliken’s arboretum and 600-acre Spartanburg campus and a marketing campaign for the 2013 Big League World Series. “In my opinion, our greatest single achievement is the longevity of our client relationships,” said Darrell Jackson. “Our first client from back in 1988 is still a client today. I can count on one hand the number of clients who have gone elsewhere in the past decade.” Larry Jackson says his Christian faith and belief in service to others, coupled with business values rooted in solving clients’ problems, have kept
2009 Jackson Dawson changes name to Jackson marketing Group when larry sells his partnership in Detroit and lA 2003
2009-2012 Jackson marketing Group named a top BtoB agency by BtoB magazine 4 years running
him going and growing his business over the years. He is passionate about giving back and outreach to non-profits. The company was recently awarded the Community Foundation Spirit Award. The company reaffirmed its commitment to serving the community last week by celebrating its 25th anniversary with a birthday party and a 25-hour Serve-A-Thon partnership with Hands on Greenville and Habitat for Humanity. JMG’s 103 full-time employees worked in shifts around the clock on October 22 and 23 to help construct a house for a deserving family. As Jackson inches towards retirement, he says he hasn’t quite figured out his succession plan yet, but sees the companies staying under the same umbrella. He wants to continue to strategically grow the business. “From the beginning, my father has taught me that this business is all about our people – both our clients and our associates,” said his son, Darrell. “We have created a focus and a culture that strives to solve problems, serve people and grow careers.” Darrell Jackson said he wants to “continue helping lead a culture where we solve, serve and grow. If we are successful, we will continue to grow towards our ultimate goal of becoming the leading integrated marketing communications brand in the Southeast.”
2011 Jackson marketing Group/Jackson motorsports Group employee base reaches 100 people
2008 2012 Jackson marketing Group recognized by Community Foundation with Creative spirit Award
ART & PRODUCTION VISUAL DIRECTOR
offer. Each month one lucky winner will win a
American Red Cross of Western Carolinas Metropolitan Arts Council Artisphere Big League World Series The Wilds Advance SC South Carolina Charities, Inc. Aloft Hidden Treasure Christian School
lArry JACkson (ChAirmAn): Bob Jones University Board chairman, The Wilds Christian Camp and Conference Center board member, Gospel Fellowship Association board member, Past Greenville Area Development Corporation board member, Past Chamber of Commerce Headquarters Recruiting Committee member, Past Greenville Tech Foundation board member David Jones (Vice President Client services, Chief marketing officer): Hands on Greenville board chairman mike Zeller (Vice President, Brand marketing): Artisphere Board, Metropolitan Arts Council Board, American Red Cross Board, Greenville Tech Foundation Board, South Carolina Chamber Board eric Jackson (Jackson motorsports Group sales specialist): Salvation Army Boys & Girls Club Advisory Board
November 1, 2013 Upstate bUsiness joUrnal 21
20 Upstate bUsiness joUrnal November 1, 2013
AS SEEN IN
$250 gift card to be used at any Rick Erwin’s
pro-bono/non-proFit Clients
CoMMUnitY inVolVeMent & boarD positions
Dining Group restaurant. Three honorable mention photos will also receive a $25 gift
NOVEMBER 1, 2013
card to an upstate business. Winning entries
CLIENT SERVICES
Anita Harley | Rosie Peck
your best photos of what the Upstate has to
UBJ milestone
1988 Jackson Dawson opens in Greenville at Downtown Airport
1988
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MAY THEME: THE PETS WE LOVE
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