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New Clothing Boutiques, Restaurants Coming to Waverly

Waverly MOB

Four tenants expand retail offering at south Charlotte mixed-use community

Charlotte, N.C. — Two popular clothing boutiques and two restaurants will join the retail mix at the 90-acre Waverly community at the intersection of Providence and Ardrey Kell roads in south Charlotte.

Fab’rik, Scout and Molly’s Boutique, Babalu Tapas & Tacos and DeSano Pizza Bakery have signed leases at Waverly, which is being developed by Crosland Southeast, Childress Klein and the B. Frank Matthews II family.

“The addition of these well-known fashion boutiques to our retail roster helps round out our tenant mix and ensures that Waverly is a vibrant shopping and dining destination in south Charlotte,” said Chris Thomas, partner at Childress Klein.

Fab’rik (1,469 square feet) is a women’s clothing boutique offering on-trend style through effortless pieces and accessible prices. With more than 40 locations nationwide, Fab’rik offers private-label clothes and select brands such as Blank NYC and BB Dakota. Fab’rik prides itself on a unique, personalized shopping experience that comes without attitude or sticker shock. The Waverly location is expected to open this fall.

Scout and Molly’s Boutique (1,436 square feet): A popular destination for unique women’s clothing, jewelry and accessories from select designers from around the world, Scout and Molly’s opened its first store in Raleigh in 2002 and has since expanded across the country. Scout and Molly’s location at Waverly is expected to open this fall.

Babalu Tapas & Tacos (5,018 square feet) serves delicious craft cocktails and authentic gourmet Spanish-style tapas and tacos with a Southern twist. The restaurant’s Waverly location will be its second in Charlotte, following the opening of its Dilworth location in 2016.

DeSano Pizza Bakery (6,065 square feet) plans to open its second Charlotte location at Waverly during the fourth quarter of this year. With locations in Charleston, S.C., Nashville, Tenn., and Los Angeles, DeSano specializes in Neopolitan pizzas made with only the freshest ingredients. The company recently opened its first local store on Third Street in midtown Charlotte.

Gwen Glaeser with Foundry Commercial represented the landlord on the lease transactions. Rhett Batanides with Newmark Knight Frank represented Fab’rik, David Tschirhart with Legacy Commercial Real Estate represented Scout and Molly’s, Melissa McDonald with The Providence Group represented Babalu, and Tommy Trimble with Foundry Commercial represented DeSano.


Development Update
Whole Foods Market, Waverly’s retail anchor, celebrated its grand opening in May, and Chipotle, District 5 Interiors and Urbane South are all scheduled to open this week. Waverly’s medical office anchor, Novant Health, opened last fall, a six-story office building called The Hub will be ready to welcome tenants next month, and a 141-room Hilton Garden Inn is expected to open by the end of this year. A public plaza with outdoor dining space called The Terrace and the community’s parking garage are also expected to be open next month.

With more than 40 retail shops and restaurants plus a variety of homes and apartments, Waverly will combine a light, contemporary architecture with traditional placemaking in south Charlotte. Retailers now open at Waverly include Chick-fil-A, Chuy’s, CycleBar, CVS, Firehouse Subs, Little Nest Portraits, Mattress Firm, McDonald’s, Panera Bread, PetPeople, The Porter’s House, Starbucks, Taziki’s, Ted’s Montana Grill, Truliant, ULTA Beauty and Wells Fargo.

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Hilton Garden Inn at Waverly Reaches Halfway Point With Topping Out

Hilton Hotel

Naman Hotels project expected to be complete by year end

Charlotte, N.C. — A planned Hilton Garden Inn hotel at the 90-acre Waverly development in south Charlotte has reached its halfway point of construction.

The 141-room hotel celebrated its topping out earlier this month. The Hilton Garden Inn will be located across from a public plaza called The Terrace that will be a center of activity at Waverly, which is being developed by Crosland Southeast, Childress Klein and the Frank B. Matthews II family.

Developed by Naman Hotels, the Hilton Garden Inn will feature a rooftop pool overlooking The Terrace, 3,000 square feet of meeting space and upscale yet affordable rooms for travelers. It is expected to open by the end of this year and will be Naman Hotels’ third hotel in the greater Charlotte market.

“The Hilton Garden Inn at Waverly will bring a much-needed hotel option to this area and will be surrounded by an impressive mix of walkable restaurants and retailers that our guests will enjoy,” said Nick Patel, chief financial officer at Naman Hotels.

The Hilton Garden Inn will join The Hub, a six-story office building expected to deliver in May, as well as a variety of residential and retail offerings at Waverly, which will combine a light, contemporary architecture with traditional placemaking in south Charlotte.

“As the first hotel developed at this interchange, the Hilton Garden Inn will be a valuable addition to the community and an important amenity for our residents and future office tenants at Waverly,” said Peter B. Pappas, managing partner of Crosland Southeast.

Forty retail shops and restaurants have signed at Waverly. A 40,000-square-foot Whole Foods, Waverly’s retail anchor, will open late spring, and 22,000-square-foot medical office anchor Novant Health opened last fall. Several retailers have recently opened at Waverly, including Chick-fil-A, Chuy’s, CVS, Firehouse Subs, Mattress Firm, Panera Bread, The Porter’s House and ULTA Beauty.

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Trinity Partners Announces Sale of Arrowridge Business Park

Arrowridge

Childress Klein and WHI Real Estate Partners acquire Charlotte Industrial Park

Trinity Partners is pleased to announce the sale of Arrowridge Business Park in Charlotte, North Carolina, to a partnership formed by Childress Klein and WHI Real Estate Partners. Dunn Mileham and David Morris of Trinity Partners handled the sale on behalf of the seller, Medalist Properties, located in Richmond, Virginia.    

“We appreciate the opportunity to partner with WHI Real Estate Partners on another project,” said Landon Wyatt, Industrial Partner at Childress Klein.

“Arrowridge Business Park is in an ideal location with the ability to provide a variety of solutions for companies of any size.”

Located in the Stateline industrial submarket, the property consists of four multi-tenant office/warehouse buildings totaling 194,560 square feet and is situated off of Arrowood Road at the intersection of Interstates I-77 and I-485. At the time of sale, the property was 100 percent occupied by more than 20 tenants. Childress Klein currently owns four office/warehouse buildings also located in the park.

“Investor appetite for the asset was very strong, given the outstanding market fundamentals, and strong performance at the property,” said Dunn Mileham, Director of Investment Sales at Trinity Partners.

“The highly accessible location combined with proximity to some of Charlotte’s more dense and affluent residential areas make the property a preferred location for service businesses.”

Trinity Partners’ successful track record at Arrowridge began over a decade ago and was originally led by Bill Wood, Director of Industrial Property Services as well as Heather Thompson, Partner and Director of Trinity’s Property Management team. Subsequent to Medalist’s purchase, William Maxwell, Industrial Property Broker, has overseen leasing at Arrowridge and has been instrumental in achieving 100 percent occupancy at the park, which was the primary impetus for the sale.

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Childress Klein and Cullum Interests Begin Construction on Velocity Park

Velocity rendering

Greer, SC, Industrial Project is Under Construction

Greer, S.C. – Childress Klein, one of the Southeast’s largest commercial real estate firms, and Cullum Interests, a Greer, South Carolina, industrial developer, have begun construction in Velocity Park in Greer, South Carolina. Scheduled for completion in the first quarter of 2018, this 297,600-square-foot building will be the first of three on this property located on Victor Hill Road in Greer, between Greenville and Spartanburg.

The building, being constructed by Myers and Chapman, features concrete tilt-wall construction, 32’ clear height, ESFR sprinkler system, 52’x 50’ deep column spacing with 60’ loading bay and ample trailer parking behind the building. It is located less than a mile and a half from the I-85 Interchange with SC 101. The project is less than a mile from the BMW North American Manufacturing facility and only 2.75 miles from the rapidly growing GSP inland port.

“We are excited to partner with Cullum Interests, on this project. Velocity Park is in an ideal location with the ability to provide a variety of solutions for logistics or manufacturing companies of many sizes,” said Chris Daly, Industrial Partner at Childress Klein.

Allen Cullum, who has owned this land since 2008, adds, ”I am very pleased to be working with my friends with Childress Klein to develop another Class A industrial facility in Velocity Park in the wonderful community of Greer.”

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Mainstream Boutique, Starbucks Joining Lineup at Waverly

Waverly MOB

Source1Phones also sign lease at mixed-use development

Charlotte, N.C. — Charlotte-based commercial developers Crosland Southeast and Childress Klein announced that Mainstream Boutique, Source1Phones and Starbucks have signed leases at the 90-acre Waverly development near the intersection of Providence and Ardrey Kell roads in South Charlotte.

Mainstream Boutique, which has leased 1,392 square feet next door to District 5 Interiors, is a women’s retailer that sells unique clothing, accessories and giftware to women of all ages and sizes. Founded in 1991 by Marie DeNicola, the company has franchise locations in 22 states, including stores in Mooresville and Winston-Salem. Owned by Dawn Talley, the Waverly store will be Mainstream’s first in Charlotte and is expected to open this spring.

Source1Phones, a boutique mobile phone sales and repair company, has leased 944 square feet at Waverly next door to Carolina Ale House. Based in Charlotte, Source1Phones provides a wide variety of repair services for phones, tablets, MacBooks and other products. With its first location in Fort Mill, S.C., Source1Phones has signed leases for three additional locations in the Charlotte market and plans to open its Waverly store this summer.

Starbucks will build a freestanding, 2,300-square-foot store at the southeastern corner of Providence Road and Golf Links Drive, a newly signalized intersection. The company expects to start construction in early 2017. The premier roaster and retailer of specialty coffee in the world, Starbucks has more than 25,000 stores around the globe.

“These signings add to the diverse mix of national, regional and local retailers at Waverly and bring us another step closer to our vision for a walkable, mixed-use destination in south Charlotte,” said Chris Thomas, partner at Childress Klein.

The new tenants join more than 30 other retail shops and restaurants that have signed at Waverly, which will combine a light, contemporary architecture with traditional placemaking in south Charlotte. A 40,000-square-foot Whole Foods, Waverly’s retail anchor, will open in early 2017, and 22,000-square-foot medical office anchor Novant Health opened last fall. Retailers including Chuy’s and ULTA Beauty have also recently opened their doors at Waverly. Mattress Firm plans to open this month, and Chik-fil-A and Panera Bread plan to open in February.

Gwen Glaeser with Foundry Commercial represented the landlord on the lease transactions, and Nick Lukens with Moseley Real Estate represented Starbucks.

For a complete list of tenants, visit www.waverlyclt.com/interactive-siteplan.

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Childress Klein Announces New Tenant Mix To Popular South Charlotte Shopping Center

Promenade

Promenade on Providence Adds Five New Tenants

CHARLOTTE, N.C. – Childress Klein, is pleased to announce five new tenants to its Promenade on Providence Shopping Center in south Charlotte. They include Club Pilates, The Local Scoop, Music Quarters, NUE Brows to Brazilian and Sharkey’s Cuts for Kids. The new tenants join more than 30 other retail shops and restaurants at the property.

Sharkey’s Cuts for Kids has leased 1,225 square feet between Tropical Smoothie Café and Zen Nail & Spa. Sharkey’s Cuts provides kids with a unique solution for their haircut needs offering a superior haircut with warm, experienced stylists in a meticulously clean place filled with fun! The company has franchise locations throughout the United States, Canada and the United Kingdom. The Promenade location is scheduled to open in June.

Club Pilates, which has leased 2,290 square feet next door to Q Shack, was started in San Diego in 2005 and offers a modernized group practice and expanded state-of-the-art equipment. Club Pilates has expanded across the nation and currently has 192 active studios and more than 300 scheduled to open soon including the Promenade location with a planned opening in Fall 2017.

Music Quarters, a family-owned and operated music school and studio, has leased 1,538 square feet next door to Anytime Fitness and Ultra Tan. Music Quarters offers private music lessons in a variety of instruments to all ages and plans to open its doors to the Promenade location August 2017.

The Local Scoop has leased 1,279 square feet near Charlotte Running Company. The Local Scoop serves ice cream made daily, delicious Italian ice and soft serve gelato prepared with locally sourced ingredients. This will be The Local Scoop’s first location. They plan to open this summer.

NUE Brows to Brazilian leased a 1,218-square-foot space at Promenade on Providence near LaVida Massage. The salon offers a variety of esthetic services for men and women including waxing, facials, depillar, eyelash and brow solutions. They have received numerous awards, including the 2014 Elevate Lifestyle Magazine Smoothest Skin Waxing, the 2015 Elevate Lifestyle Magazine Smoothest Skin Waxing, and the 2015 Top 12 Small Business of the Year by Creative Loafing. They will open the Promenade on Providence location in August.

“These tenants add to the diverse mix of national, regional and local retailers at Promenade on Providence and bring us another step closer to our vision for the property,” said Susan Clements, Leasing Agent at Childress Klein.

Promenade on Providence is a lifestyle-oriented shopping complex located at the intersection of major Charlotte arteries, Providence Road and I-485. The center features popular tenants like Ann Taylor Loft, Beauty Brands, Hallmark, Jos A. Bank, On the Border, Pier 1, Stein Mart, The Fresh Market, Sun & Ski Sports and Total Wine & More.

 

 

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Childress Klein and Crosland Southeast’s Providence Farm Community is Fully Leased

Providence Farms

Four new tenants announced for the south Charlotte project

Charlotte, N.C., September 28, 2017 — Charlotte-based commercial developers Childress Klein, Crosland Southeast and the B. Frank Matthews II family announced four new tenants for their collaborative project, Providence Farm. First Watch, Bojangles, Cava Mezze Grill and Verizon Wireless have signed leases at the 8.5-acre commercial property in south Charlotte, fully leasing the project.

First Watch is a fresh, modern restaurant concept that serves breakfast, brunch, and lunch seven days a week. First Watch operates more than 300 locations across 26 states. Consumer Reports named the Company the 2016 “Top Family Dining Restaurant”. They currently have more than 130-restaurant locations across the United States, including two in Raleigh and one in Cary; this will be their first in Charlotte. First Watch will occupy a 3,200 SF space at Providence Farm.

Verizon Wireless, one of the largest communication technology companies in the world, has signed a lease for a 3,000 SF space in the same building as First Watch. Verizon has been at the center of the communications revolution for more than 100 years with a strong focus on getting customers more connected.

Cava Mezze Grill is a fast-casual Greek restaurant that features build your own bowls or wraps and house made juices and sodas that started in DC. The restaurant focuses on thoughtful ingredients and bold Mediterranean flavors. CAVA’s line of fresh additive-free vegetarian dips and spreads are available in Whole Foods Markets and other specialty food stores. The restaurant currently has locations in California, DC, Maryland, New York and Virginia. This will be one of Cava’s first restaurant locations in North Carolina.

Bojangles was founded in 1977 in Charlotte, NC. They are best known for menu items such as, fried chicken, made-from-scratch buttermilk biscuits, flavorful sides and sweet tea. Bojangles’ currently has 728 restaurants in operation with the majority in the Southeastern United States. The Providence Farm restaurant will be one of the chain’s first new prototypes in the Charlotte market.

“We are excited to have the opportunity to partner with these exciting brands to bring an outstanding mix of walkable offerings to the Providence Farm community,”

said Chris Thomas, partner at Childress Klein. There will be announcements concerning a business class hotel and another retail occupant for the remaining parcels at Providence Farm in the near future.

Julie Gardner with Katz and Associates represented First Watch, Emory Croom with Atlantic Coast Commercial Real Estate represented Verizon Wireless, Jackson Hughes with The Navigator Group represented CAVA and Henry Atkins with Atkins Properties, LLC represented Bojangles.


About Providence Farm:
Providence Farms, a joint venture between Childress Klein, Crosland Southeast and the B. Frank Matthews II family, is a mixed use development that includes four retail buildings and a 130 room hotel site. The 8.5-acre site on Providence Road is adjacent to the Crescent Providence Farm residential community and immediately north of Waverly, the master-planned development near the intersection of Providence Road and Ardrey Kell Road.

 

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Childress Klein Adds 590,000 SF of Retail Assets to Portfolio

Berkeley Mall

Prominent Real Estate Firm Selected to Lease and Manage Goldsboro and Hendersonville Shopping Centers

CHARLOTTE, N.C. – Childress Klein, one of the Southeast’s largest commercial real estate firms, announced that they will be the exclusive leasing agent and property manager for a 590,000 SF portfolio of retail assets located in eastern and western North Carolina effective immediately. The properties are owned by Capitol Funds from Shelby, NC. They include Berkeley Mall and Berkeley Corner Shopping Center in Goldsboro, NC and The Fresh Market Shoppes in Hendersonville, NC.

“I am excited for the opportunity to work with a company like Childress Klein. The experience they bring to our properties is invaluable,” stated David Royster, President of Capitol Funds.

Berkeley Mall is a 458,000 SF regional mall located on North Berkeley Boulevard in Goldsboro, NC. The mall is anchored by Belk, Belk Home & Children, J.C. Penney and Sears. It also includes a mix of national and regional brands such as Jo-Ann Fabrics & Crafts, Rue21, Daughtry Jewelers and Footlocker. Berkeley Corner, adjacent to the mall, opened in 2015. The 57,000 SF property is comprised of Dick’s Sporting Goods and PetSmart. The Fresh Market Shoppes in Hendersonville, NC is a 75,000 SF neighborhood shopping center located at the intersection of South Main Street and Spartanburg Highway. Along with The Fresh Market, the center includes Stein Mart and a recently opened PetSmart.   

“We look forward to working with our client on these established and well-positioned assets and continuing to expand our leasing and management services business in the Carolinas,” stated Britt Byrne, Senior Leasing Director at Childress Klein.

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The Springs Company and Childress Klein to Celebrate Topping Out of New Office Building

King 7

Kingsley Park Seven is latest Class A office building at Fort Mill office park

FORT MILL, S.C. – The Springs Company and Childress Klein have reached a construction milestone on Kingsley Park Seven, a new three-story, approximately 60,000-square-foot Class A office building at the Kingsley Park office park in Fort Mill, SC.

The Springs Company, AccessOne and Childress Klein will celebrate the construction milestone with a topping-out ceremony featuring remarks from executives and Fort Mill Mayor Guynn Savage on Wednesday, Sept. 13, at 10:00 a.m.

Health-care IT company AccessOne, has leased the third floor at Kingsley Park Seven for their corporate headquarters, which is expected to be complete in June 2018.

“AccessOne has been in Fort Mill for several years now, and it has been a great home.  With all of the development and momentum in the area we are very pleased to have The Springs Family and Childress Klein partner to build a new space for us to grow into,” Mark Spinner, President and CEO of AccessOne.

Kingsley Park Seven is the final office building at the 76-acre Kingsley Park, which The Springs Company and Childress Klein started developing in 1998.

“Kingsley Park was our first office development with The Springs Company in Fort Mill, and this last topping-out at the park reflects the incredible growth we’ve seen in Fort Mill and its emergence as a destination for local employers such as AccessOne,” said Paul DeVine, partner with Childress Klein.


About The Springs Company
The Springs Company was founded in 1887. It is privately held and continuously owned by the Close Family of Fort Mill, SC. The Springs Company serves as a holding company for a private equity portfolio comprised of nine operating businesses, over seeing sizable real estate and passively managed investment portfolios. The Springs Company currently has more than 500 employees and owns 10,500 acres of undeveloped land within 30 minutes of Fort Mill. The Springs Company manages with a true generational horizon and an uncompromising focus on quality.

About AccessOne
Founded in 2002, AccessOne is a leading provider of patient payment options designed to help patient consumers manage their healthcare costs while driving best in class hospital reimbursement. AccessOne offers comprehensive low and no interest payment options for all patient balance types including high-deductible, catastrophic and financial assistance. No patient is ever denied credit or credit reported, and providers can rely on AccessOne to capture more revenue while driving compliance and financial performance. 

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Childress Klein Acquires Galleria 100 Building in Atlanta

Galleria 100

18-story office tower purchased for $69 million with WHI Real Estate Partners

ATLANTA – Childress Klein, one of the Southeast’s preeminent real estate developers, has acquired Galleria 100, an 18-story Class A office tower in northwest Atlanta that was originally developed by Don Childress in 1982.

Childress Klein purchased the 415,000-square-foot building in conjunction with real estate investment firm WHI Real Estate Partners L.P. for $69 million. Galleria 100 is located in the award-winning Atlanta Galleria, an 86-acre master-planned development featuring six Class A office towers, a four-star hotel and the Cobb Galleria Convention Center. With the acquisition, Galleria 100 has come full circle, returning to the team that developed the landmark property. Although the Galleria site was once considered undevelopable due to its topography Don Childress, at that time with Trammell Crow, recognized that the property’s close proximity to major interstates and potential appeal to area employers outweighed the risks.

Today, Galleria 100 is one of the most recognized office towers in northwest Atlanta and is now connected by a pedestrian and multi-use bridge to the new home of the Atlanta Braves, SunTrust Park, and The Battery Atlanta, an adjacent 1.5-million-square-foot mixed-use and entertainment district.

Since its completion in 1982, Childress Klein has leased and managed the building on a third-party basis. Major tenants at Galleria 100 include Aflac, Freeman Mathis & Gary, Fresenius Medical Care and The Georgian Club.

“Galleria 100 is a timeless building positioned within northwest Atlanta’s premier office community,” said Gordon Buchmiller, Atlanta managing partner at Childress Klein. “This was one of our firm’s first major developments in Atlanta, and we’re excited to partner with WHI Real Estate Partners in acquiring this irreplaceable asset.”

Connie Engel, partner with Childress Klein’s Atlanta office division, will continue to lease Galleria 100, which has approximately 41,000 square feet available.

 

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