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Real Estate Bisnow
The largest commercial real estate publication in the United States.
   
January 3, 2011 
 
 
NEW RETAIL CENTER
FOR THE NEW YEAR

 
York Development Group is recasting a vacant former Food Lion-anchored shopping center into a $5M, 60k SF family friendly retail center tentatively called Lakeside West, with views of Lake Wylie. (To make it really family friendly they need a plush mascot, perhaps a large mouse, or maybe a grey, wise-cracking bunny.)
 
Metrolina Builders Matt Williams and York Development Group's Brian Rollar
The 20-acre site at Highway 49 and the Buster Boyd Bridge in Lake Wylie, SC, gathered dust and weeds for five years. But Charlotte-based York is doing a complete makeover, development director Brian Rollar (right, with project GC Metrolina Builders’ Matt Williams) tells us. The redevelopment includes a 26k SF children’s rec center called Bowl & Bounce, a YMCA, a salon, an as-yet-unnamed Asian fusion restaurant, and about 10k SF of other tenants that are still in negotiations. (Lease rates are about $15/SF.) It should see its first tenants by spring, with Metrolina and Charlotte-based Overcash-Demmitt Architects as the design-build team. “What makes this so cool is that everybody in the area is so excited about seeing something new come in there,” Matt tells us.
 
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NY OUTFIT SNAPS UP GREENVILLE CENTER
 
CBRE’s Carolina Retail Investment Team recently repped Farmington Hills, MI-based Ramco-Gershenson Properties Trust in the sale of Taylors Square shopping center in Greenville, SC
CBRE’s Carolina Retail Investment Team recently repped Farmington Hills, Mich.-based Ramco-Gershenson Properties Trust in the sale of Greenville, SC’s Taylors Square shopping center to Time Equities, a NY investor. The sales price wasn't available. Anchors in the 34k SF center include Blockbuster, GNC, GameStop, Ruby Tuesday and Firehouse Subs. The property is adjacent to a 208k SF Walmart Supercenter and is considered a "premier property” in its submarket, CBRE’s Mike Burkard tells us. Mike and CBRE’s Steve Shields of the company’s Charlotte office, along with CBRE Greenville’s Craig Stipes and Matt Covington arranged the deal.

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NEW TENANT FOR BofA PLAZA
 
SCOR Global Life Americas has leased 140k SF at Bank of America Plaza uptown.
SCOR Global Life Americas has leased 140k SF at Bank of America Plaza uptown. The company will occupy floors 28 through 34 of the 40-story Charlotte landmark. (A perfect amount of space to host large and involved scavenger hunts.) The new location will serve as SCOR’s reinsurance HQ for the US, Canada, and Latin America. The insurance giant exemplifies the tenant mix in the building, which includes BofA and law firm Alston & Bird, Behringer Harvard’s Dean Patterson tells us. Behringer owns and manages BofA Plaza. Mohr Partners’ Keith Bell and Newmark Knight Frank’s Merrill Roth repped SCOR. Trinity Partners’ Peter Conway and Rhea Greene repped Behringer.

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CRD GETS GREEN WITH KIDS
 
Two Catawba River District schools hope to build math and science skills by teaching students to farm
Two Catawba River District schools hope to build math and science skills by teaching students to farm. Whitewater Academy and Whitewater Middle School are working with the Catawba River District and Rivendell Farms of Huntersville to launch a working-farm learning lab beside the adjacent schools. (Above: Rivendell’s Jeffie Hardin shows visitors lettuce that was grown in a hydroponic bed.) The mixed-use Catawba River District development is a 17,000-acre site on the Catawba River just northwest of Charlotte. The volunteer org was created by public and private groups about six years ago; the CRD attempts to demonstrate sustainable building and development practices.

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JLL GIVES BACK OVER THE HOLIDAYS
 
More than 30 Jones Lang LaSalle volunteers painted a 500-foot mural over the holidays at Sedgefield Elementary
Students at Sedgefield Elementary will return to class this week to find their cafeteria has received a makeover courtesy of employees from the local office of Jones Lang LaSalle. More than 30 JLL volunteers and friends spent part of their holiday painting a 500-foot mural showing kids eating healthy foods. “One of the best ways to enjoy this time of year is by giving back,” JLL’s local chief Chase Monroe tells us. School officials are equally thrilled by JLL’s outreach. “Our entire student body, families, and our community have been enriched by JLL’s support,” says school principal Ivy Gill.
 
We're still a little groggy from the holidays. But you can still send your news and information to lee.howard@bisnow.com.
 
 
 
 
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