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NAI Carolantic Offices

5121 Kingdom Way, Ste. 200, Raleigh NC 27607

Fourth Quarter 2017, The Linneman Letter: Growth Continues Through 2019

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 Fourth Quarter 2017 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’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, LLC 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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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.

Click here to read more.

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

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.

Defining Our Brokerage Team

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Why Clients Attend the
NAI Carolantic Conference

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NAI Global Overview

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.

The Chesterfield Building, Durham NC

The Chesterfield Building, Durham NC

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