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Conference Report

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For a free printed copy
of our most recent Annual Market Report, click here.

Download a pdf version of the Annual Report click here.

NAI Carolantic App


NAI Carolantic’s 2017 Commercial Real Estate Conference App for iPad and iPhone to be updated soon.
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NAI Carolantic Offices

5121 Kingdom Way, Ste. 200, Raleigh NC 27607

NAI Carolantic’s Executive Presented with TCAR’s President’s Circle Award

Kerry Saunders
Kerry Saunders, Executive Vice President & COO

Kerry Saunders, Executive Vice President and COO of NAI Carolantic received the President’s Circle Award during the Triangle Commercial Association of Realtors (TCAR) Frontier Award ceremony. This award is designed to give a special “Thanks” to a TCAR member for their continuing success and involvement in the industry and community. It is also intended to be a vehicle to convey to the public, the proud tradition of TCAR members’ contributions to the betterment of business and the community. Ms. Saunders was the 2012 TCAR President. Learn more about Kerry >

JPB Raleigh Holdings Acquires 14001 Weston Parkway Flex Building

JPB Raleigh Holdings, LLC, headquartered in Rochester, New York, recently acquired the 14001 Weston Parkway building located in the prestigious Weston Parkway area of Cary, NC. The flex building totaling 78,775 rentable square feet is 90.5% leased and is home to SciCal, Trialcard, and Tyco.

  Jimmy Barnes
Jimmy Barnes

This is the fourth Class A property acquired by JPB Holdings in the past 24 months. Mr. Buchheit commented 14001 Weston Parkway fits well into their existing and growing portfolio. It will be the second asset under management in the strong and growing Weston submarket along with 13000 Weston Parkway.

Whit Brown
Whit Brown

According to NAI Carolantic President Jimmy Barnes, SIOR, JPB Holdings, LL C plans to acquire other office and flex buildings in the Triangle area to add to their real estate portfolio. Mr. Barnes, and NAI Carolantic Broker, Whit Brown represented JPB Holdings in the transaction.

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NAI Carolantic Broker Receives TCREW Best Professional Service Award

Triangle CREW held its annual Champion Awards event today and presented the Best Professional Service Award to NAI Carolantic Realty broker, Scott Hadley. The award is presented to an individual who provides the best professional commercial real estate service, with consideration for industry knowledge, leadership, skills, work ethic and creativity. The 20th Annual Triangle Commercial Real Estate Women’s (TCREW) Champion Awards luncheon, held at Embassy Suites in Cary, NC, was attended by more than 450 business leaders.

Scott Hadley
Scott Hadley, Broker

Lynda Loveland, formerly with WRAL and now with the NC Farm Bureau Federation, was the event’s master of ceremonies, and told the crowd Mr. Hadley’s ethical and seasoned business image, along with his involvement in a variety of community and civic organization made him the ideal candidate for this award. Ms. Loveland also told the audience that one of his clients said it best, “Working with Scott continues to be considered a privilege as we are certain that he will always fulfill his commitments, provide more than adequate research and advice, and most importantly, provide excellent follow up with our team.”

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First Quarter 2018, The Linneman Letter: Retail Market Outlook

In our continuing effort to keep our clients informed of the latest market conditions and how it could impact your business decisions, we are providing the First Quarter 2018 condensed Linneman Letter. The Linneman Letter is a report written by economist, Dr. Peter Linneman formerly at the Wharton School of Business, the University of Pennsylvania. Click here to read.

Please let us know if we can be of service to you.
(Previous Linneman Letters can be found under Research.)

NAI Carolantic Brokers Receive TCAR Frontier Awards

Ten NAI Carolantic Realty brokers received awards at the Triangle Commercial Association of Realtors (TCAR) 12th Annual President's Frontier Awards held at the PNC Arena in Raleigh.

Frontier Awards
Jimmy Barnes, Daniel Herring and Steve Stroud

NAI Carolantic broker Daniel Herring received the Rising Star Award in front of a crowd of 150+ professional brokers and guests. The award is presented to a TCAR member who has been in the industry for three years or less and has demonstrated leadership qualities, involement in the community, and a high level of production during his or her years in the commercial real estate industry.

Frontier Awards
Jimmy Barnes, Scott Hadley and Steve Stroud

Scott Hadley, a NAI Carolantic broker with over 28 years of experience, was recognized for having completed the Largest Sales Transaction representing the buyer of 5540 Centerview Drive in Cary. Total value of the transaction was $13.5 million.

Steve Stroud, SIOR and Moss Withers, SIOR, MBA, were recognized for 2nd place in the Largest Sales Transaction with the sale of 1810 Durham Chapel Hill Boulevard and lots 120 and 126 Old Durham Road in Chapel Hill. The land transaction was valued at approximately $13.3 million.

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2018 Should Be A Good Year for Triangle Commercial Real Estate - And Bipartisan Teamwork Could Make It Even Better

The strong economy augurs a good year ahead for the area’s commercial real estate market, but a failure to move beyond extreme partisanship in politics could detract from the region’s competitiveness and appeal.

John Davis, Steve Stroud and Jimmy Barnes at the 33rd Annual Triangle Commercial Real Estate Conference

Those were the tidings delivered tonight night to 1,600 of the area’s business, Government and community leaders gathered in Raleigh’s PNC Arena to consider the health and direction of the local economy in the coming year.

The event was the 33rd Annual Triangle Commercial Real Estate Conference, hosted by NAI Carolantic Realty. Considered the authoritative “state of the market” report on the Triangle’s real estate sector, findings presented at the conference also provide an important bellwether of the region’s general economic vitality.

The overall market was healthy in 2017 and likely to remain so in the coming year, Jimmy Barnes, SIOR, President of NAI Carolantic, told the conference-goers. Among statistics that Barnes cited in support: the most single-family homes sales in Wake County in the past ten years, a Durham office market with vacancy the lowest of any submarket (5%), positive absorption in downtown Raleigh, a low overall shopping center vacancy (3%), and the multipurpose warehouse category’s overall vacancy rate holding steady (9%).

“As goes commercial real estate, so generally will the overall economy,” Barnes noted. “When we see companies are making plans to add square footage, or sit tight or pull back, that gives us an accurate reflection of business confidence months ahead of most other indicators.”

Barnes said the report was based in part on a survey of over 278 million square feet of office, multipurpose and retail space comprising over 8,600 buildings.

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A special thanks for our Sponsors: Bobbitt Design Build,, DMJ & Co. JDavis, Manning, Fulton & Skinner, TriSure, Wells Fargo, and WithersRavenel.

Moncure Megasite

Whether you need access to workers, consumer markets, or suppliers, the 2,500+ acre Moncure Megasite is the place to be. Located in the fast-growing Research Triangle Region of North Carolina, this property is within a 45-minute drive of the state capital, RDU International Airport, three Tier One research universities, numerous community college campuses, and the national’s largest military installation. For more information, visit

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Russell Stewart

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Why Clients Attend the
NAI Carolantic Conference

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NAI Global Overview

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The Legacy Project - Former Hardee's Headquarters

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NAI Carolantic & Triangle Region Overview

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227 Fayetteville St. Building, Raleigh NC

227 Fayetteville St.

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The Chesterfield Building, Durham NC