News

11 Galleria Welcomes Sola Salon and Pet Supplies Plus

11 GALLERIA WELCOMES SOLA SALON AND PET SUPPLIES PLUS

Greenville’s 11 Galleria is Becoming the New Hot Spot Shopping Center

 

FOR IMMEDIATE RELEASE

Contact: Catie Gregg

catie@chambers-group.com

704-752-8350

 

GREENVILLE, NC – January 31, 2018 – The Chambers Group announces that Sola Salon has opened in 11 Galleria, a neighborhood shopping center in Greenville, NC. Pet Supplies Plus has also been successfully leased in the center.

11 Galleria is a grocery-anchored shopping center in Greenville, North Carolina, located at 950 Criswell Drive on the Northwest corner of South Memorial Drive and Mall Rd. The center is visible from two public roadways and includes 3 full-movement access points. Sola Salon is occupying the west end-cap and Pet Supplies Plus will occupy the east end-cap. Other notable tenants in the center include: The Fresh Market, Dick’s Sporting Goods, Bonefish Grill, Kohl’s, Sleep Number, and Which Which.

Sola Salon provides beauty professionals high-end, fully equipped salon studios that give stylists full control over their working environment, schedule, choice of retail, pricing, and more. Sola Salon is the largest, fastest-growing salon studio business in the country.

Pet Supplies Plus is a premier retail franchise that focuses on being a neighborhood pet supply “supermarket,” stocking a wide selection of pet food and supplies. Pet Supplies Plus also offers services like dog grooming and self-serve dog washing. The franchise considers itself to be “America’s Favorite Neighborhood Pet Store.”

Pet Supplies Plus and Sola Salon have both established themselves in the market and will undoubtedly experience sales growth in this now booming shopping center.

Carla Trepper and Cameron Brogden with The Chambers Group are the leasing brokers for 11 Galleria and are representing the landlord. Cole Pennell is representing Pet Supplies Plus in this transaction.

 

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8 Reasons To Use a Tenant Rep Broker

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The tenant rep broker works for you, not your landlord.

If you’ve used a landlord rep in the past or you are considering using one now, there are a few things to consider. First and foremost, it’s important to remember that a landlord representative’s best interests lie with the landlord. Their main goal is to fill available spaces quickly and for as much profit as possible. A tenant rep broker works solely on your behalf ensuring you get your ideal property for the best deal.

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Access to insider information on available properties.

When searching on the internet for available commercial properties, not all spaces turn up. Often, spaces go so quickly that they don’t even get advertised online. It is the tenant rep broker’s job to get their clients in properties in highly sought out areas before they are filled. This gives you fast access to properties you normally would not have access to, let alone knew existed.

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You don’t pay a dime.

Yup, you read that right. Potential tenants don’t pay tenant reps a dime. The landlord is actually the one that covers the cost of brokerage services.

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Additional negotiating power.

Having an experienced negotiator can make a huge difference when negotiating a lease. A tenant representative will be your advocator through the entire process so you never have to go at it alone.

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They can break down lease terms for you.

As experts in commercial real estate, tenant reps are qualified to walk you through the details of every deal. This is a crucial step as you want to ensure you’re getting exactly what you want for the price you need.

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You get exactly what you need for your business.

With a combination of expertise and experience, tenant reps provide valuable insight into what commercial properties would benefit you and your business. This will make certain that you find the perfect fit for your company.

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You get a team when you use a tenant rep.

The best part of using a tenant rep is the resources we have to offer you. Tenant reps have a network of contacts ready at their disposal – whether it’s a contractor or an attorney, they can connect you to much-needed resources. Also, working with a commercial real estate firm that offers tenant representation and landlord representation connects you to a whole database of landlords as well as a team of administrative support staff.

The Chambers Group offers many services that require a highly qualified administrative support staff. From operations and marketing to GIS analytics and mapping – The Chambers Group provides you with more than just a tenant rep, we provide you with an entire team.

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You get the best deal.

Having a tenant rep at your side allows you to not only get the perfect space but the perfect space at the best price. Tenant representatives have market knowledge that only years of experience would allow. They know the market you’re looking at and they know if you’re getting a fair deal or if your eyes are in an overpriced space. In addition to getting you the best deals, brokers are trained in the art of negotiating with landlords, so your lease terms will be improved and you’ll get your desired space for the right price.

 

The Chambers Group was founded in 1999 and has established itself as one of the leading Tenant and Landlord representative brokerage firms in the Southeast. Our trademark, “Accelerating Retail Success™,” has been the foundation upon which we have served retailers and landlords for nearly 20 years.

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The Chambers Group

Huck Broyles Joins The Chambers Group’s Charlotte Office

The Chambers Group

The Chambers Group is proud to announce and welcome Huck Broyles to its Charlotte office as GIS Coordinator. He will be serving The Chambers Group’s Charlotte and Raleigh offices.

Huck studied Business Administration with an emphasis in Real Estate at The University of Georgia. His professional experience includes multifamily property management, multifamily brokerage and Director of Operations for a private real estate company. In 2017, Huck received his Masters of Urban Design from UNC-Charlotte. Huck specializes in demographic research, market analysis, GIS systems implementation, 3D rendering and Urban Design through data analytics and creative problem solving/planning.

The Chambers Group is excited to incorporate Huck’s experience into Asheville’s Innsbruck Mall mixed-use development plans.

 

For more information about Huck, click here.

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Commercial Real Estate Podcasts

8 Commercial Real Estate Podcasts Worth Listening To

With new laws, emerging investing strategies, and market updates, staying current in the Commercial Real Estate industry can be difficult no matter your level of experience. Thanks to the popular digital world of podcasts, staying on top of your industry news just became a lot easier.

To save time and effort, we have compiled 8 real estate podcasts worth listening to. Add to your commute to work or gym workout, you’ll get a variety of personalities and a wide range of insightful and inspiring topics. Here’s our list of commercial real estate podcasts to add to your daily routine.

 

1.) BiggerPockets

Commercial Real Estate Podcasts

Listen Here.

Every Thursday you can catch these two fan favorites Brandon Turner and Joshua Dorkin. One of the top watched series in the industry, the show covers everything from rental properties, quickly scaling your business, to how a teacher made millions investing in real estate. BiggerPockets tackles it all and at every experience, level making this a podcast worth listening to.

 

2.) The Real Estate Guys

Commercial Real Estate Podcasts

Listen Here.

If you’re looking for a Commercial Real Estate Podcast with experts who have put in the years of experience than look no further. The Real Estate Guys Robert Helms and Russell Gray have been on the air since 1997! If after listening to you still can’t get enough of this number one podcast on Itunes, you can dive into their blog, and newsletter for additional tips, market insights, and answers to any investing questions you may have.

 

3.) The Commercial Investing Show

Commercial Real Estate Podcasts

Listen Here.

The phrase practice what you preach comes to mind as you listen to host Jason Hartmon discuss his focus on commercial real estate investing. Not only an expert in knowledge but Jason has experience in what he discusses as he owns properties in 11 different states and 17 cities. This Commercial Real Estate Podcast will give you a creative take on investing in Commercial Real Estate.

 

4.) The Commercial Real Estate Show

Commercial Real Estate Podcasts

Listen Here.

Not to be confused with the Commercial Investing Show as discussed above, this podcast offers listeners a rare combination of intelligence and charming personality. Host Michael Bull has been on the air for 6 years adding to is equally impressive career experience of 30 years in sales and leases. Michael’s topics vary from Commercial Interest Rates, general paperwork, to success stories. You can enjoy listening to him every week for an hour.

 

5.) Best Real Estate Investing Advice Ever

Commercial Real Estate Podcasts

Listen Here.

If you’re reading this and thinking “I don’t have the time to listen to a 60-minute podcast.” Then this is the show for you. Joe Fairless is a unique voice to pay attention to, controlling over $101 million worth of real estate his success makes for an interesting podcast. His topics range from real estate sphere to investing in rehabbing properties, and as an added bonus his episodes last around 30 minutes or less.

 

6.) PropTech Podcast

Commercial Real Estate Podcasts

Listen here.

Interested in the digital side of Commercial Real Estate? Look no further you have found the Commercial Real Estate Podcast for you. Hosts Eddie Holmes and James Dearsley talk you through their insights of challenges companies face and how they can overcome them by adapting to an increasingly digital world while simultaneously taking advantage of this opportunity for growth purposes. Diving into different industry topics each episode, this show is a must-listen for those wondering how technology is impacting Commercial Real Estate.

 

7.) Real Estate Today Radio

Commercial Real Estate Podcasts

Listen Here.

Traditionally podcasts have one or two hosts but Real Estate Today has a team of hosts giving you an added bonus of extra insights into the world of Real Estate. Stephen Gasque, Jane Dollinger, and Bill Thompson are the brains behind the show hosting Interviews, call-ins, and specialized segments making this podcast not only interactive but informative as well.

 

8.) Cashflow Diary

Commercial Real Estate Podcasts

Listen Here.

Those familiar with the name J. Massey know that he is a man of multiple titles and his podcast cashflow Diary is just another bullet on his long list. A real estate investor, entrepreneur, author, speaker, and coach, Massey shares his knowledge and experience in investing in real estate with his listeners. With a background in financial planning and insurance, Massey used his expertise to advise his listeners on investing in his 45-minute episodes.

 

These 8 podcasts are excellent for retail tenant representatives and landlord representatives. At The Chambers Group in Charlotte NC and Raleigh NC, we like to stay on top of the latest news and trends in commercial real estate. These podcasts help keep us up to date when serving our clients.

Questions? Contact us today!

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New Restaurant In Works at Bank of America Plaza

The Chambers Group’s Brooks Bailey is representing TIER REIT in bringing Charlotte’s newest restaurant to the Bank of America Plaza in Charlotte, NC.

A fast-casual sushi concept will open at Bank of America Plaza in 2018.

The Indigo Road plans to open a 1,783-square-foot restaurant inspired by its restaurant O-Ku in South End. The restaurant is known for its Asian-focused cuisine with a heavy Japanese influence.

“We look forward to opening the doors to our newest concept in the Queen City,” the Charleston, S.C.-based hospitality group said in a statement.

Further details were not immediately available.

Indigo Road also operates Oak Steakhouse in South Charlotte and has plans for an Italian concept in the revamped Atherton Mill project.

Brooks Bailey of The Chambers Group represented TIER REIT, the owner of Bank of America Plaza, in the transaction. Bill Diehl represented The Indigo Road.

That concept is the latest tenant announced as part of a $20 million renovation at Bank of America Plaza.

That project expanded and renovated the tower’s lobby and improved its exterior facade. It also created four new street-level retail spaces.

Upscale seafood restaurant Eddie V’s and fast-casual concept Devon &Blakely announced earlier this year they had signed deals for that 40-story office tower at the intersection of Trade and Tryon streets in uptown Charlotte.

Source and Credit: Jennifer Thomas, Charlotte Business Journal

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Could Charlotte be home to Amazon’s new HQ2?

The e-commerce giant is on the hunt for the perfect location to service their expansion plans. On September 7th Amazon announced they are now accepting proposals from North American Cities that follow their specified contingencies. This new headquarter is estimated to cost $5 billion to build and bring 50,000 high-paying jobs to the chosen area.

HQ2 is expected to be similar to their Headquarters in Seattle, Washington which currently houses 40,000 employees, and spans over a distance of 8.1 million square feet including 33 buildings, and 24 restaurants.  The ideal Headquarters according to Amazon’s chief executive Jeff Benzos, will be “full equal to our Seattle headquarters.”

Bids from Metropolitan areas with a population of more than one million people, and regions that provide “a stable and business-friendly environment;” suburban or urban locations with the potential to attract and retain strong technical talent; and communities that “think big and creatively when considering locations and real estate options,” will be prioritized Amazon stated. CBS news spoke with Amazon representatives, who were quoted saying “the company will likely choose a major city where at least 33% of the population has a college degree or higher,” which Charlotte qualifies for.

The Seattle headquarters operations from 2010 through 2016 estimated that amazon’s investments have brought $38 billion to the city’s economy which is why each city is racing to be considered.  As for Charlotte’s efforts, both Charlotte Regional Partnership CEO Ronnie Bryant and Charlotte Chamber CEO Bob Morgan were in an agreement to “aggressively pursue this opportunity.” “This is a transformative opportunity for our region. We are prepared to support any location within our region that is competitive. It is also an unprecedented opportunity to engage our public sector, private sector and the not for profit sector in a team effort to put our best foot forward.”

Charlotte is a strong contender thought by many besides those who live here. The Washington Post included Charlotte in their list of 39 metros that could win, as well as PC Magazine that included Charlotte as one of the “6 US Cities Amazon Should Consider for its Second HQ.”

As for now, we all must patiently wait for Amazon to release its final decision on October 19, 2017.

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tenant rep carolinas

Tenant Rep, Your Key to Leasing Success

If you had a brain tumor, would you go to your family doctor to get treated? Of course not, you would find a specialist! The same is true for your brokerage needs. You need a specialist; someone who devotes their time to finding the best space for your needs with the best terms and conditions. Hiring a tenant rep who has your objectives in mind will help you achieve your leasing goals faster.

Here’s a few more reasons why….
An unrepresented tenant is a landlord and listing broker’s dream come true! In exchange for saving a small percentage in lieu of a broker’s fee, unrepresented tenants typically pay 10 to 20 percent higher in occupancy costs.

The landlord and their representative are NOT working on your behalf:
It might seem easier to work directly with the landlord or landlord’s representative, but remember: they are both ethically and legally bound to take care of the landlord’s interests at your expense. Your tenant rep has one job—to get you the best possible space at the best possible terms. A Landlord Rep working for you is at a conflict of interest. They have the listing and their fiduciary duty is with the Landlord. They are looking out for their best interests, not yours.

It’s already paid for:
Typically, landlords have built in commission for brokerage. If you aren’t represented, the budgeted commission fee goes to the broker negotiating on the landlord’s behalf— in other words, you are paying someone to work against you.

Strategy:
A Tenants Rep job is to understand your business and ensure your location is in line with your overall strategy. From budgeting, cost, visibility, traffic counts, etc., a tenant rep can keep you on track and stay within the scope of your business plan.

Process:
A good Tenant Rep will streamline the acquisition process to be efficient and effective for the tenant.

Access to space:
The internet has created a world of “real estate experts”; however, many of the best spaces get snatched up before ever becoming publicly available. It is a tenant rep’s job to know about these spaces—and get you into them!

Leverage:
If a landlord knows you are represented by a Tenant Rep Broker, they will be more aggressive in the pursuit of your tenancy. Brokers also have existing relatinoships with landlords to utilize to your advantage.

Market Knowledge:
Your tenant rep will do more than help you identify good spaces. They will tell you about developments and growth patterns that can affect your business in the future, let you know how other businesses in the area are performing, and reveal the economics particular in the trade area.

Resources:
A broker has access to data and tools such as demographics, traffic counts, sales figures, and comparable leases.

Negotiations:
Tenant representatives make a career out of long and complicated real estate negotiations. They handle the paperwork, identifying LOI/Lease provisions that could potentially cost or harm you, making sure that that you fully understand what you are signing. They will ensure that you are protected in the lease and walk away with nothing left on the table. In addition, they will maximize the amount of the landlord’s contribution towards renovations, and negotiate additional savings such as free rent.

Buffer between you and the landlord:
Your broker is your one point of contact, simplifying the process for you. They can act as the “bad guy” when necessary, keeping your relationship with the landlord cordial.

Recommendations:
Lawyers, contractors, civil engineers, architectures, etc.

Time Management:
Allowing a broker to do their job alleviates stress and frees up your time this leaves you with more time to do what you are best at—developing and running your business!

Consider hiring a tenant rep broker TODAY with The Chambers Group for the best client service in the industry. To learn more about The Chambers Group, the leading retail brokerage in the Carolinas, click here.

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David Allen Joins The Chambers Group’s Raleigh Office

The Chambers Group is proud to announce and welcome David Allen as a Retail Specialist in the company’s Raleigh Office. David will be joining the team as no stranger to the retail real estate market and tenant representation services throughout the Carolinas.

David Allen comes to The Chambers Group from The Shopping Center Group in Raleigh, NC. The Shopping Center Group is a retail only real estate platform that provides a variety of representation and advisory services to tenants, landlords, developers, investors and financial institutions. It was there that David served as Broker/Partner and worked with a variety of clients, including Dairy Queen, Ollie’s Bargain Outlets, Sprouts Farmers Market, LA Fitness, and Bassett Furniture. He also led the leasing of Crossroads Plaza, a 670,000sf power center in Cary, North Carolina. During his successful 12-year tenure with The Shopping Center Group David was a top producer in his field.

David brings executive knowledge and a high standard for deep-rooted relationships to The Chambers Group. His relationships in the retail commercial real estate industry have built David Allen’s character to one that embodies the will to achieve. His success is measured by the relationships he has built and his ability to mentor others.

“I am honored and excited about joining The Chambers Group. The opportunity to work on new projects and add value to a team of powerhouse players is rewarding and impelling. I look forward to what retail has to hold and how I can make a positive impact,” says David.

Jay Chambers, Principal of The Chambers Group, states “We are committed to bringing a new generation of brokers to the retail real estate market. The Chambers Group is taking the opportunity to pair that new generation of brokers with seasoned brokers, like David Allen, that have succeeded in the ever-evolving market and are also passionate about mentorship. By making truly distinctive decision regarding the company’s impact in the community, The Chambers Group will propel through the evolution of retail and emerge prestigious, while still holding tight the principles of integrity and honesty the company was founded on.”

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Brooks Bailey Joins The Chambers Group’s Charlotte Office

Brooks BaileyThe Chambers Group is proud to announce and welcome Brooks Bailey to the Charlotte Office, the company’s headquarters. Brooks will be joining the team as a Retail Specialist with experience in retail brokerage focusing on landlord and tenant representation.

Brooks comes to The Chambers Group from CBRE in Charlotte, NC. It was there that Brooks served as CBRE’s Senior Associate for Charlotte’s Retail Services. Brooks has worked with local, regional, and national retailers including Sharonview Federal Credit Union, Sonny’s BBQ, Salons by JC, Taco Bell, USPS, and others.

“I’m extremely excited to start this new phase of my career with The Chambers Group. My aspirations in this business are shared by Jay as well as the other brokers in that office,” says Brooks.

Jay Chambers, Principal of The Chambers Group, states “The Chambers Group is taking every opportunity to launch the company full speed into what will be its highest performing year yet in 2018. This team is dedicated to evolving alongside the retail market and every new addition is uniquely selected to take this company to new heights. Brooks’ deeply-rooted relationships and a desire to passionately work in his clients’ best interests are what make Brooks an excellent addition to The Chambers Group.”

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