News

CVS on Main Street, Greenville hosts Grand Opening

September 21, 2011

GREENVILLE, S.C. — Greenville City Council members will join CVS representatives for a ribbon cutting ceremony for downtown’s new CVS pharmacy.Through a public-private partnership, Greenville completed new landscaping and sidewalks around the building, which also includes two smaller retail spaces and upstairs office space.One feature of the project is the decorative brick panels located on the East McBee Avenue side of the building.

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Greenville textile site added to EPA Superfund list

September 19, 2011

A former Greenville textile site joins five other hazardous waste sites in the Southeast as posing risks to human health and the environment.
The former textile operation at US Finishing/Cone Mills in Greenville was added to the list. The U.S. Environmental Protection Agency, or EPA, added these six sites to the National Priorities List of Superfund sites. The EPA also proposes adding two other sites to the list.

Superfund is the federal program that investigates and cleans up the most complex, uncontrolled or abandoned hazardous waste sites in the country.
EPA tries to identify and locate the parties potentially responsible for the contamination to either fund the cleanup or conduct it with EPA oversight.
Each Superfund site is investigated to determine the full extent of the contamination before cleanup is started, therefore it might be several years before significant cleanup funding is required.


Stores reversing big-box trend



The belief in retail that bigger is better may be fading. National chains known for their huge stores are starting to think smaller.
Big-box retailers are moving away from the one-large-size-fits-all strategy to a philosophy of getting more out of smaller spaces and assessing the needs of each location.

Wal-Mart Stores, whose Supercenters typically encompass over 185,000 square feet, has announced plans to build a number of 30,000- to 60,000-square-foot stores.
Many other big-box retailers – including Best Buy, Office Depot, Target, Kohl’s and J.C. Penney – are looking to downsize existing stores, said Howard Davidowitz, president of Davidowitz & Associates, a national retail consulting and investment banking firm in New York.
“It’s the biggest retail trend in the U.S. – almost everybody is downsizing,” he said.
Some chains are looking to downsize existing stores, while others are planning to make future stores smaller, Davidowitz said.
The downsizing trend is emerging locally.
“There are more big-box retailers in Houston interested in downsizing than at any time in the past 20 years,” said Kenneth Katz, a principal at Baker Katz, a local commercial retail brokerage firm.
“We are still at the front end of the trend,” Katz said.
In Houston, Office Depot, Best Buy, Old Navy and Ashley Furniture HomeStores are among the chains looking to downsize existing stores, said Ed Wulfe, chairman and CEO of Wulfe & Co., a retail development and brokerage firm.
“Almost all big-box retailers are reassessing store size,” Wulfe said. “It’s different than 10 years ago when bigger was better.” They’re looking at ways to better utilize their space and get more sales per square foot, he said.

Subleasing strategy
Department stores, including Sears, are seeking opportunities to sublease space in their stores, he noted.
Gary Seals, CEO of New Braunfels-based Hill Country Holdings,…

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Union Mill redevelopment on hold

September 13, 2011

Redevelopment of the former Union Mill property into a senior-living community appears to be off, according to the city’s mayor.
Union Mayor Harold Thompson said he hasn’t heard from the developer, Cardinal Real Estate Group, in several months.
“I think it’s safe to say at this point that the project is dead,” Thompson said.
Cardinal is the same developer now in foreclosure by the city of Greer over the planned redevelopment of the former Allen Bennett Memorial Hospital campus on Wade Hampton Boulevard.

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Cherrydale Dental purchases State Park Road property

September 2, 2011

Mike Kiriakides, CCIM, of KDS Commercial Properties, LLC represented the seller, Stathakis Brothers, LLC in the sale of 105 State Park Road. The purchaser, Cherrydale Dental Associates, LLC was self represented. Cherrydale Dental has plans to construct a new facility on the 1.2 acre parcel.


Purchase of 304 Ashby Park Lane in Mauldin

August 15, 2011

Larry Webb of KDS Commercial Properties, LLC represented the purchaser, 304 Ashby Park Lane, LLC in the purchase of 304 Ashby Park Lane in Mauldin. The seller, Perry Business Solutions, LLC was represented by Frank O’Brien of O’Brien Commercial Real Estate. The current tenant, Premier Family Medicine, will continue to operate from this location.


New Stax Original opening on Woodruff Road

June 28, 2011

Mike Kiriakides, CCIM, of KDS Commercial Properties, represented the purchaser, Woodruff Road Investments, LLC in the acquisition of 1455 Woodruff road. The previous Perkins Restaurant will soon become the 2nd locaton for Stax’s Original Restaurant. The seller, Northcott Hospitality, was self represented.


47 Pete Hollis Sells

May 4, 2011

Larry Webb, of KDS Commercial Properties, represented the Seller, CG Properties of Greenville, in the sale of a 0.80 acre site located at 47 Pete Hollis Boulevard in downtown Greenville. The Purchaser, 47 Pete Hollis, LLC was self represented.


KDS and CCAD Engineering form a strategic alliance

May 2, 2011

KDS Commercial Properties, a provider of commercial real estate brokerage and development services, and CCAD Engineering entered into a strategic alliance to provide comprehensive development and land planning services for commercial clients. This alliance enables KDS to use Jamie McCutchen, CCAD president, to work closely with KDS’ development division. McCutchen has more than 18 years of engineering experience to bring to the firm.

“I am excited about our strategic alliance and it will enable me to be even more directly involved in the full development process from start to finish,” McCutchen said.

“His civil engineering background and site utilization insight is a huge asset for us in serving all our clients, CCIM and KDS Principal Mike Kiriakides said.


Logic Packaging leases space on The Parkway

January 27, 2011

Brad Doyle, of KDS Commercial Properties, represented the landlord, PPT Holdings LLC in the leasing of office space at 420 The Parkway, Suite G-1 to Logic Packaging, Inc.


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