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Real Estate Bisnow
The largest commercial real estate publication in the United States.
January 17, 2012 

Get ready, SouthPark: Turner Construction Co has leased 20k SF in the Roxborough Building for its Charlotte HQ. The company took the fourth floor of the 65k SF building and plans to move in this spring. (If you want to get a housewarming gift, they are registered at Home Depot.)
Turner Construction Co. has leased 20k SF in SouthPark’s Roxborough Building for its Charlotte HQ
Turner is known for some pretty cool projects; locally, its construction of the 331k SF David H. Murdock Core Laboratory, the main building at the NC Research Campus in Kannapolis. (Murdock is the Dole Foods guy.) CBRE’s Trip Guin repped Turner in its lease, while Trinity Partners' Rhea Greene repped the building owner, a JV between The Lionstone Group and the Oregon Public Employees Retirement Fund.
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The message at NC Chapter of the American Institute of Architects' annual convention at the Blake Hotel was one of renewal. Shop talk among the 200 NC architects focused on renovations, rehab work, and building additions. (And maybe a couple conversations about the Penrose Steps.) Guest speaker and AIA national CEO Robert Ivy (left, with AIA’s Charlotte prez Todd Berg) acknowledged the days of ground-up construction are in decline. But there’s still work to be found in institutional design, schools, renovations, and, of course, sustainable buildings.
Todd tells us he sees signs of recovery, though '12 is still young. “We’ve been struggling the past few years, and that’s been true for contracting and design,” Todd says. “I see a slow climb up in 2012, but at least we’re heading in the right direction.” On the national front, Robert agrees to a “modest positive tilt,” and points to AIA stats that show architectural billings have increased for the past four months in a row. “That’s the first time that has happened in four years,” Robert says.
Camas Associates’ Wayne Camas, left, with AIANC President Irvin Pearce
Green building was on the minds of many. The AIANC itself is setting the example by designing and building a $4.5M HQ in Raleigh (within view of the NC General Assembly building). The 3.5-story, 12k SF building is the first of its kind for any AIA organization in the country. And it will be a welcoming space, says Charlotte-based Camas Associates’ Wayne Camas (left, with AIANC prez Irvin Pearce). The AIA plans to host exhibits, invite the public in for seminars, and spread the word about sustainable design, Wayne says. “Sustainable building is a way of life now,” Irvin tells us.

Now that The Artist won a Golden Globe, everybody is going black and white. That's Bertolina Commercial Real Estate Services’ Ian Bertolina. He repped distribution services company MPE USA it its buy of a 70k SF warehouse on five acres at 10424 Rodney St, Pineville, from First Industrial B&L for almost $1.7M. MPE plans to use the space to expand its existing Mecklenburg County-based manufacturing and distribution operations, Cushman & Wakefield | Thalhimer’s Warren Snowdon tells us. (He repped B&L with C&W|T’s David Hanna.)

Like many of you, we took yesterday to acknowledge the service of Dr. Martin Luther King, Jr. We admire his courage and continuing impact on American cities. This picture is from 1964, and if 95% of the Bisnow staff had been alive then, we'd certainly have been there to take it. But from what we can glean, it looks like Dr. King's response to someone asking, "How big an impact will transit-oriented development have on city centers in the year 2012?" Whether he's saying "a lot" or "why are you asking me this," it's an appropriate response.
Big DNC doings this week. Lots of media hitting town. No doubt the bars will be open late. And we’ll be on the case. Send your news and info to lee.howard@bisnow.com.
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