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Some Cool Cribs
Auction (Lompac) CHAR
February 20, 2013

The Coolest Offices
in Charlotte

We asked for pictures of Charlotte's cool cribs and got an immediate response. More than one person nominated the following, a crib so cool Teddy Roosevelt could have hung out there.

Photo Feb 13, 3 04 02 PM
Metrolina Builders HQ has a 2,000 SF game room with pool table, foosball table, dartboard, bar (for after 5pm, of course), and Galaga video game—so you can relive your 1982 arcade glory days. Not only that, the crib features walls of wild game trophies.

Photo Feb 13, 3 04 16 PM
A lot of wild game trophies: elk, moose, antelope, mule deer, game birds, white tail, fish, and African beasts. The trophies were taken personally by Metrolina Builders' VP Matt Williams, his father John Williams (president), and his grandfather, the late Al Williams. Metrolina is a third-generation business, a general contractor specializing in commercial properties in the Carolinas.

This cool crib isn't quite finished yet, but we like it already: DHD Ventures' new office space on Carmel Road, which used to be a Carolina Volunteer Fire Station. DHD VP Brian Cillian tells us that the space is going to include a gym, locker rooms, pool table, ping pong table, flat screen TVs, and floor-to-ceiling glass. DHD is a commercial property developer. Think your office is cool? Let us know.

Opportunistic Investors on the Hunt for Retail

Investors are interested in opportunistic retail property deals in metro Charlotte, NAI Southern Real Estate SVP Neill Wilkinson tells us, citing the recent sale of Mint Hill Festival in Mint Hill—especially in light of the fact that a bank owned the property. The result, he says, was a lot of low offers that weren't even considered. The 59k SF property ultimately sold for $2.5M, with Neill repping the seller, Regions Bank.

Mint Hill Festival aerial
Romans Property prez Chris Orr, who repped the buyer in the deal, a Canadian investment group, tells us that from his client's perspective, Charlotte and the Southeast are a good place to find long-term sustainable growth. "Canada is much like the US in 2005," he notes. (They must've just heard "Don't Phunk with My Heart" for the first time.) "It's hard for real estate firms to get solid returns, so my client is having me look for property across major metros in the Southeast." Charlotte in particular has emerged from the recession with more strength than anticipated.

Chuy's Picks Charlotte for Expansion

Ft  WorthChuy's(1)
Chuy's, an Austin-based Tex-Mex chain, entered the Charlotte market recently by signing a lease at the Village at SouthPark, a Simon Properties shopping center. Merrifield Patrick Vermillion's Keely Simerville tells us that the recession didn't dint (not much, anyway) Charlotte's attractiveness for aggressively growing restaurant chains. With the recovery, Charlotte "is even more attractive for national and regional restaurant players, who like being in the largest metro in the Carolinas, as well as an NBA and NFL city," she says. Keely repped Chuy's, along with her colleague Garland Hughes and Foremark's Sean Kipp.

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