Broker News

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.

Click here to read more.


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
SIOR

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
Broker

 

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.

Click here for more


Lighthouse Network Expands Their Operations in Morrisville, NC

Gray Creech
Gray Creech
 

Lighthouse Network, LLC recently announced plans to expand and relocate their operations to the Perimeter's Edge building at 2600 Perimeter Park Drive in Morrisville.The company will occupy over 25,000 square feet. NAI Carolantic broker, Gray Creech, represented Lighthouse Network, LLC.

Click here to read.



Cedar Peaks Enterprises Locates in Triangle North Franklin Business Park

Scott Hadley
Scott Hadley
 

Cedar Peaks Enterprises recently purchased a 34,000 square foot building from Wake Electric adjacent to Triangle North Executive Airport in Franklin County. The firm will join Alliance One International, a tobacco receiving station, as the second business to locate in the Park. Cedar Peaks Enterprises' primary business focus is airport-related asphalt paving and airfield lighting/electrical projects. They also handle asphalt production, excavation and grading as well as subbase installation and utilities. Cedar Peaks Enterprises is a licensed General Contractor in North Carolina, South Carolina and Virginia now with over 90 employees. They will employ eight full-time employees at Triangle North and serve as the meeting point for field works and superintendents. NAI Carolantic broker, Scott Hadley, represented Wake Electric in the sale of the building. Click here to read.


Hoganas Environment Solutions Locates in Cary, NC

Hunt Wyche
Hunt Wyche
 

NAI Carolantic Realty broker, Hunt Wyche recently leased 30,369 square feet at 3000 Weston Parkway in Cary to Hoganas Environment Solutions, LLC. Hoganas is a Swedish-based company with over 1,800 employees and produces more than 1,500 products, mostly customer specific from 13 production centers. Click here to read.


ABB North American Headquarters Building Sold to Local Investor

Moss Withers
Moss Withers, SIOR
 

The 305 Gregson Drive building located in Cary, NC was recently purchased by an investor for $13.174 million. The 62,000 square foot Class A office building is 100% leased to ABB, one of the world's leading providers of transmission and distribution equipment for the power grid and renewable energy sources, including grid modernization (the "smart grid"). NAI Carolantic broker, Moss Withers, SIOR, MBA represented the buyer in the transaction. Click here to read.