When they open for business in May 2012, UPS will lease one of the beautiful new retail spaces available in the Southside Square Shopping Center on Spartanburg Highway in Hendersonville. Southside Square is anchored by Harris Teeter, while McDonald’s and Rite aid are located on outparcels. Ingles, The Fresh Market, Stein Mart, and Walgreens are also located nearby. Jeff Kenrick represented the landlord in the deal.

Yogurtini is a unique, self-serve frozen yogurt concept that offers a regularly rotating variety of yogurt flavors and toppings, which allows customers to mix and match seemingly endless combinations of delicious treats! Duncan Haggart represented Yogurtini in leasing their new space in the Plaza on Pelham located at the intersection of Pelham Road and I-85 in Greenville, South Carolina.

Duncan Haggart represented the client, Carolina Internal Medicine Associates, in the lease of their new office space in the Historic Biltmore School. Built in 1927, the Biltmore School is a beautiful, historic building located just blocks from Biltmore Village and the Biltmore Estate. Carolina Internal Medicine, one of WNC’s leaders in internal medicine care, will be joining other medical offices that are located adjacent to the historic Biltmore School itself.

Ace Hardware recently leased a new location at 1888 Hendersonville Road that is expected to open in March, 2012. The store was formerly a Rite Aid drugstore. This new store will be situated in the busy South Asheville area, which is located close to Biltmore Park, I-40, and the Blue Ridge Parkway. Duncan Haggart represented Rite Aid in the transaction.

The CCIM Institute has awarded the Certified Commercial Investment Member (CCIM) designation to our very own Jeff Kenrick! The designation was awarded during the Institute fall business meetings October 12, 2011 in Phoenix, Arizona. Jeff was among the 348 commercial real estate professionals who earned the designation by passing the Institute’s Comprehensive Examination. The CCIM designation is awarded to commercial real estate professionals upon successful completion of a graduate-level education curriculum and presentation of a portfolio of qualifying industry experience. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation, and investment analysis. Congratulations, Jeff!

Gerber Village, located on Hendersonville Road in South Asheville, is a 95,311 square foot, mixed-use development that includes restaurants, retail and office spaces, as well as residential apartments. Duncan Haggart and Jeff Kenrick represented the buyer, Babyfish Two, LLC, in the purchase of Gerber Village on September 30, 2011. The seller was JP Morgan & Chase.

Pizza Hut today closed on a site in the Five Forks area of Woodruff Road in Greenville, SC. A new Pizza Hut/Wingstreet freestanding restaurant will open there later this year. Duncan Haggart represents Pizza Hut, and the Seller was RealtyLink Development of Greenville.

On June 27, 2011, Babyfish LLC purchased Southside Square shopping center in Hendersonville, North Carolina, with representation by Duncan Haggart and Jeff Kenrick. Harris Teeter anchors this shopping center, which currently includes several available spaces. Rite Aid and McDonald’s are situated on outparcels. The center is located on Spartanburg Highway in the busy south Hendersonville area.

ICSC Vegas Show

Key Commercial again attended this year’s ICSC trade show in Las Vegas.  Known as the “Super Bowl” of retail real estate, the show brings together nearly 30,000 retail tenants, brokers and developers.  This year’s show was noticeably more active than 2010, and we expect a number of transactions to come out of it.