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Childress Klein-Cambridge Healthcare Solutions, LLC announces completion of the largest VA Health Care Center in America

VA

Childress Klein-Cambridge Healthcare Solutions, LLC announces completion of the largest VA Health Care Center in America

Charlotte, North Carolina — Charlotte-based Childress Klein and Cambridge Healthcare Solutions, LLC of Vienna, Va., have just completed construction of the largest health care center for veteran patient care in the United States. Childress Klein–Cambridge teamed with RPA Design, PC and J.E. Dunn Construction Group for the design and construction of the building. The Department of Veterans Affairs accepted the facility on January 29, which was exactly one month earlier than the award schedule. Both Cambridge and Childress Klein will remain as asset managers throughout the 20-year lease.

The 429,000-gross-square-foot Health Care Center is located on approximately 35 acres of land at the intersection of Tyvola Road and Cascade Pointe Blvd., near the Tyvola Road/Billy Graham Parkway interchange. Valued at over $150 million, the project represents a major economic investment and a job creator for the Charlotte, N.C. area. According to Andrew J. Czekaj, managing principal of the ownership (Childress Klein-Cambridge Healthcare Solutions LLC) “we intend to hold the asset over the long term. As a consequence we utilized bond financing to secure the long term success of the project.”

T. Michael Scott, President of Cambridge, stated, “Our approach was to truly partner with our client, the Department of Veterans Affairs, as well as our team members. We conducted six all-day sessions so that all stakeholders could deeply understand the concerns and goals of those designing, constructing, and building the facility. As a result, we have a superior product with innovations in the process (e.g. BIM modeling for real-time permitting) as well as our final product (e.g. functional care adjacencies and communications). This is an experience that the VA and all involved can be very proud of.”

The Health Care Center has been constructed to meet the projected growth of the veteran population in the Charlotte region. Groundbreaking was in March 2014 and the project was completed on a fast-track schedule. The Charlotte VA Health Care Center is expected to open their doors and to start seeing patients in Spring 2016.

It will be the largest, state-of-the art health care facility for our veterans.

It will provide enhanced out-patient primary care and specialty services for up to an estimated 35,000 veterans enrolled in the VA health care system; the VA hopes to continue increasing current services by adding or expanding Cardiology, Audiology & Speech, Mental Health, Radiology, Infectious Disease, Women’s Health, Ophthalmology & Optometry, Dental, Oncology Follow-up, Physical Medicine & Rehab, and other departments, as well as four full operating rooms and expanded gastroenterology services.

“Childress Klein is honored to be a part of this important, landmark project,” added Tom Coyle, Childress Klein’s office partner. “We look forward to serving the VA and continuing our partnership with Cambridge Healthcare Solutions for many years to come.”


Cambridge Health Care Solutions
Cambridge provides real estate services to institutions, investment partnerships and individual owners to comprehensively address the challenges of today’s real estate market.  Since 1983, Cambridge and its subsidiaries have successfully developed over 6.2 million square feet and structured the acquisition and/or disposition of in excess of 20 million square feet of commercial real estate as well as 465 acres of land with a total value exceeding $6.4 billion.  In addition, Cambridge has been instrumental in the restructure of approximately $1.5 billion of CMBS and institutional debt on behalf of clients and partners.  The firm also provides property management, leasing and construction management services to approximately 4.2 million square feet of office, R&D and industrial space.

Childress Klein
Childress Klein is a full-service real estate company operating in the southeastern United States since 1978. The partners of Childress Klein have been responsible for the development, leasing and management of more than 40 million square feet of office, industrial, retail, multifamily, and self storage properties throughout Virginia, North and South Carolina, Georgia and Florida. The Company’s primary offices are located in Charlotte and Atlanta. With a team of nearly 300 professionals, a portfolio exceeding 23 million square feet and real estate assets valued in excess of $1 billion, Childress Klein has the expertise and resources to undertake any project. 

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Childress Klein And Amstar Sell 280,000 Square Foot Class “A” Charleston Industrial Project To Exeter Property Group

crbc 4

Sale of CRBC IV represents the final development phase and sale of Childress Klein and Amstar’s 1.1 million square foot development within the Charleston Regional Business Center

CHARLESTON, SOUTH CAROLINA (December 21, 2016) – Joint venture partners Childress Klein and Denver-based Amstar announced today the sale of CRBC IV, a newly-built 280,000 square foot Class “A” warehouse to an affiliate of Exeter Property Group, a leading investor and operator of industrial properties throughout the United States and Europe.

From 2007 through 2016 the partnership developed and subsequently sold four institutional quality industrial buildings within Charleston Regional Business Center (CRBC) totaling 1.1 million square feet.  CRBC is one of Charleston’s premier master-planned industrial parks totaling 2.45 million square feet and home to major national corporate tenants such as Wal-Mart, Lowes, and Forward Air.

“Amstar is very proud to have partnered with Childress Klein in delivering and selling over one million square feet of needed institutional industrial product in the rapidly growing Charleston market. 

This investment is reflective of Amstar’s strategy of creating value in high growth markets via strong relationships with well-respected developers and operating partners,” remarked Amstar Senior Vice President Brian Cornell.    

“We value our strong partnership with Amstar and the opportunity the partnership provided for us to develop a variety of solutions for industrial space in the Charleston area,” stated Matt Harper, Industrial Partner at Childress Klein. “We believe industrial development is the cornerstone to economic development and look forward to our continued involvement in the strategic growth of the area.”

Christopher Norvell of HFF represented the seller.

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Childress Klein Partners with Cannon Crossroads

cannon crossroads

Prominent Real Estate Firm Selected to Lease Cannon Crossroads Shopping Center in Concord, NC

CHARLOTTE, N.C. – Childress Klein, one of the Southeast’s largest commercial real estate firms, announced today that they will be the exclusive leasing agent for the Cannon Crossroads Shopping Center in Concord, NC.

Cannon Crossroads is a 67,056 SF, Harris Teeter-anchored, neighborhood center located at the intersection of Poplar Tent Road and Harris Road in Concord, NC. The center, anchored by Harris Teeter, includes a mix of locally owned businesses and national brands including Subway, State Farm, Great Clips, CC & Company Salon and Johnny Brusco’s Pizza. SunTrust Bank, BB&T, and ABC are located on outparcels. The center, developed in 2007, is currently 96% occupied with a 2,760 SF space available for occupancy directly adjacent to Harris Teeter.

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

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Childress Klein Starts Construction on Element Barclay

Element Barclay

First apartment units to deliver summer 2017

WILMINGTON, N.C. – Childress Klein, one of the Southeast’s preeminent real estate developers, has started construction on the 258-unit first phase of Element Barclay, a new, 402-unit luxury apartment community at the mixed-use Barclay development in southwest Wilmington.

Located along South 17th Street, Element Barclay will consist of nine three-story, garden-style apartment buildings and resident amenities including a spacious clubhouse, resort-style saltwater pool, bocce ball court, dog park and outdoor fireplaces and grilling areas. The first units at Element Barclay are expected to be available for occupancy in the summer of 2017.  Leasing will begin in the spring of 2017.

The community will be adjacent to The Pointe at Barclay, a new retail development that will feature a 14-screen movie theatre plus restaurants and retailers including Il Forno Pizzeria, Tavern on 17th Street, Chop’s Deli, Duck Donuts, Mexican restaurant Zocallo Street Food & Tequila and Far from France bakery.

It will also be walking distance to Halyburton Park, which is located on the opposite side of George Anderson Drive from the Barclay development.

“Element Barclay will offer residents modern apartments surrounded by restaurants, retail and recreation,” said Kelly Dunbar, a partner with Childress Klein.

“This is a rare opportunity to be part of a truly walkable community in midtown Wilmington, and we look forward to setting the bar for luxury living in the Port City.”

The development team for Element Barclay includes general contractor Harold K. Jordan & Co Inc., architect Rule Joy Trammell + Rubio, civil engineer Hanover Design Services and hardscape and landscape designer Mihaly Land Design.

Since its launch in 2011, Childress Klein’s multifamily division has developed high-rise and garden style luxury apartment communities in Charleston, S.C., Charlotte, N.C. and Nashville, Tenn. The company has approximately 2,000 units in operation or under construction across the Southeast, including Museum Tower a 43-story apartment tower in downtown Charlotte that is scheduled to be complete early next year.

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Childress Klein Begins Construction on Third Phase of Charleston Industrial Project

Crosspoint V

Crosspoint V at Palmetto Commerce Park is Under Construction

CHARLESTON, S.C. – Childress Klein, one of the Southeast’s largest commercial real estate firms, and Jamestown, an investment and management company, have begun construction on Crosspoint V. Scheduled for completion in 2017 this will be the third building in the master planned industrial park located in Palmetto Commerce Park in Ladson, South Carolina. It will join two fully leased buildings Crosspoint I, 182,000 SF, and Crosspoint IV, 273,000 SF.  The building will have a rear loading bay and a 30 foot clear.

Crosspoint is an exciting industrial development in Palmetto Commerce Park located just north of Boeing’s airport in Charleston, South Carolina. The site encompasses approximately 335 acres in North Charleston, between I-26 and Highway 78 with the potential to provide up to two-million-square-feet of industrial space. Large-scale manufacturers and other major corporations with operations in Palmetto Commerce Park include: Boeing, Daimler Vans Manufacturing, Foodhandler, Cummins TurboTechnologies, Shimano American and Venture Aerobarings.

“There is a growing demand for industrial space in the Charleston area,” said Matt Harper, Industrial Partner at Childress Klein. “Crosspoint is in an ideal location with the ability to provide a variety of solutions for companies of any size.”

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New Restaurants Announced for Mixed-Use Waverly Development

Carolina ale house

Carolina Ale House, CO and YAMA join restaurant mix

Charlotte, N.C. — Charlotte-based commercial developers Crosland Southeast and Childress Klein announced that restaurants Carolina Ale House, CO and YAMA have all signed leases at the 90-acre Waverly development near the intersection of Providence and Ardrey Kell roads in South Charlotte.

The new tenants join more than 30 other retail shops and restaurants that have signed leases at Waverly, with Carolina Ale House and CO both leasing retail space along a public plaza called The Terrace, which features outdoor dining space. YAMA has leased space next door to Viva Chicken in a nearby freestanding building that will start construction soon.

“With Carolina Ale House, CO and YAMA, we have added three proven restaurant operators from the Carolinas who share our vision for a vibrant, walkable retail destination at Waverly,” said Peter B. Pappas, managing partner of Crosland Southeast.

Carolina Ale House (6,500 square feet) has all the ingredients for an unrivaled good time–over 50 TVs to catch all the action, a large variety of craft beer and award-winning, scratch-made food served with a full measure of Carolina hospitality. Fan favorites include all-natural jumbo wings, fresh burgers, generous salads and hearty sandwiches. Carolina Ale House is the perfect gathering place for sports fans, beer lovers and supporters of fun alike.

Based in Raleigh, Carolina Ale House has more than 30 locations across the Southeast and opened its uptown location in 2011 and its Concord location in 2013. This will be the company’s third location in the greater Charlotte market.

Named for the Vietnamese word for “feast,” CO (3,180 square feet) is a contemporary Pan-Asian restaurant that serves menu items including banh mi, pho, dumplings, sushi and customer favorite Curry Laksa. The restaurant also serves a collection of signature cocktails including the Lemongrass Ginger Martini and the Sriracha Mary. Owned by Greg Bauer, CO opened its first location in Charleston four years ago and has since expanded to Savannah, Myrtle Beach and Charlotte. Heralded as one of the most anticipated restaurant openings of the year, CO opened its first Charlotte location at Park Road Shopping Center in late 2015.

Considered one of the best sushi restaurants in the city, YAMA (3,400 square feet) opened its first location, Yama Asian Fusion, in SouthPark in 2007, with Yama Izakaya opening in Plaza Midwood in 2014. Owned by Birdie Yang, the restaurants have earned a devoted following for their fresh ingredients, creativity, attention to detail and intimate, welcoming atmospheres. The new YAMA location at Waverly will feature a modern, sophisticated décor along with the acclaimed Japanese fare that locals love, including sushi, sashimi, hibachi entrees, specialty rolls and Asian fusion cuisine.

Gwen Glaeser with Foundry Commercial represented the landlord on the lease transactions. J.R. Dill represented Carolina Ale House, Jackson Hughes of The Navigator Group represented CO, and Bill Diehl of Diehl Properties represented YAMA.

The new tenants join more than 30 other retail shops and restaurants that have signed at Waverly, which will combine a lively, contemporary architecture with traditional placemaking in south Charlotte.

A 40,000-square-foot Whole Foods, Waverly’s retail anchor, which will open early next year, and 22,000-square-foot medical office anchor Novant Health, which opened last fall.

Chick-fil-A and Panera Bread are both under construction at Waverly, and ULTA Beauty has begun its upfit in preparation for occupancy this fall. The CVS store at Waverly opened in August along with Horizon Eye Care, and several other tenants are expected to open before the end of the year.

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

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Tuesday Morning Announces Move to Childress Klein’s Promenade on Providence

Promenade

National Retail Chain Brings New Product Mix to South Charlotte Shopping Center

CHARLOTTE, N.C. – Childress Klein, is pleased to announce that Tuesday Morning is relocating their Touchstone Village store to Promenade on Providence. The previous location in Touchstone Village, positioned near the intersection of Baybrook Lane and Bevington Place, closed January 2016. Tuesday Morning will occupy a 13,039 SF space near Golf Galaxy in Childress Klein’s South Charlotte shopping center, Promenade on Providence.

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, Macaroni Grill, On the Boarder, Pier 1, Stein Mart, The Fresh Market, Sun & Ski Sports and Total Wine & More.

“We are delighted to add Tuesday Morning to Promenade on Providence’s retail offering,” stated Britt Byrne Senior Leasing Director at Childress Klein.

“The recent surge in development of the area has dramatically increased the demand for retailers like Tuesday Morning.”

Tuesday Morning provides customers with an ever-changing assortment of name brand products at extreme value pricing. With roughly 800 stores, the national retail chain specializes in domestic and international closeouts of medium to high end name brand gifts, soft home, home furnishings, housewares, luggage, toys, seasonal items, gourmet food and fashion accessories for men, women and children.

Tuesday Morning’s CEO Steve Becker stated, “As we evolve our store experience, we are putting the focus on our product and the great values we deliver to customers every day. Our new store in Charlotte will be representative of this initiative with a redesigned layout, our latest fixture package and an easy-to-shop, inviting atmosphere. We are excited to showcase the ‘new’ Tuesday Morning in the market.”


About Tuesday Morning
Tuesday Morning Corporation (NASDAQ: TUES) is a leading off-price retailer specializing in selling deeply discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company is nationally known for providing a fresh selection of brand name, high-quality merchandise – never seconds or irregulars – at prices well below those of department and specialty stores, catalogues and online retailers. Based in Dallas, Texas, the Company opened its first store in 1974 and currently operates over 750 stores in 41 states. More information and a list of store locations may be found on our website at www.tuesdaymorning.com.

About Childress Klein
Childress Klein is a full service real estate company operating in the southeastern United States since 1978. The partners of Childress Klein have been responsible for the development, leasing and management of more than 42 million square feet of office, industrial, retail, multifamily, and self storage properties throughout Virginia, Tennessee, North and South Carolina, Georgia and Florida. The Company’s primary offices are located in Charlotte and Atlanta.

As one of the largest real estate firms in the Southeast, Childress Klein is experienced in the development, management and leasing of a wide variety of product types. The Company’s office developments include suburban office parks, 1 million+ square foot high-rise office towers, and corporate campuses. Industrial experience ranges from small flex buildings to multi-million square foot distribution parks. Retail properties include community centers, large-scale lifestyle centers and mixed-use developments. Childress Klein serves residential markets with products including luxury garden and high-rise apartments as well as multi-level self-storage facilities.

With a team of nearly 300 professionals, a portfolio exceeding 30 million square feet and real estate assets valued in excess of $1 billion, Childress Klein has the expertise and resources to undertake any project. For more information, please visit www.childressklein.com.

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Crosland Southeast and Childress Klein Acquire South Charlotte Site

Aerial

Charlotte, N.C. — A joint venture between Charlotte-based commercial developers Crosland Southeast and Childress Klein and the Matthews family has acquired an 8.5-acre site on Providence Road adjacent to the planned Crescent Providence Farm residential community and next to Waverly, the master-planned development near the intersection of Providence Road and Ardrey Kell Road.

Crescent Communities, the seller of the land, previously won a rezoning for the site allowing for the development of a hotel and up to 30,000 square feet of commercial space. Crosland Southeast and Childress Klein plan to develop several single-tenant and multitenant retail buildings at the as-yet unnamed project.

“We appreciate the opportunity to partner with Crescent Communities and look forward to delivering a hotel and mix of retailers that will complement both the Crescent Providence Farm and Waverly communities,” said Chris Thomas, partner at Childress Klein.

Crosland Southeast, Childress Klein and the Matthews family are currently developing Waverly, which will include 250,000 square feet of retail space anchored by a Whole Foods Market scheduled to open next spring, two six-story Class-A office buildings, 375 upscale apartments called Solis Waverly and approximately 150 single-family homes and townhomes by David Weekley Homes. Apartments and homes are now ready, and retailers at Waverly will begin opening this fall.

The 8.5-acre site will be accessible via the newly signalized intersection of Golf Links Drive and Providence Road, part of the $6 million in road and infrastructure improvements that the Waverly joint venture is funding to contribute to the area’s connectivity and access.

Crescent Communities started construction this summer on the 404-unit Crescent Providence Farm apartment community, and the company is also planning to develop approximately 80 single-family homes and townhomes on adjacent land.

“Crescent Communities is happy to welcome the Childress Klein and Crosland Southeast team to the Crescent Providence Farm development,” said Michael Tubridy, regional director, Carolinas, at Crescent. “The commercial and retail component that Childress Klein and Crosland plan to develop will continue to enhance the already outstanding mix of walkable retail and restaurant offerings for future residents at Crescent Providence Farm.”


About Crosland Southeast
Crosland Southeast and its partners have a long history of developing and leasing award-winning retail and mixed-use developments throughout seven southeastern states. The five Crosland Southeast partners previously served as officers of the 74-year-old Crosland LLC, and have a combined 115 years of experience in the shopping center industry.

Today, Crosland Southeast perpetuates excellence with its emphasis on retail acquisitions, advisory services, single-tenant development and the development of high-quality retail and mixed-use properties that epitomize placemaking at its finest. During their careers, the executive team has developed more than 24 million square feet of projects. For more information, visit www.croslandsoutheast.com.

About Childress Klein
Childress Klein has been in business in the southeastern United States since 1978. Throughout Virginia, North Carolina, South Carolina, Georgia and Florida, Childress Klein has been responsible for the development of over 40 million square feet of office, industrial, retail and multifamily properties. The company is active in markets across the Southeast through offices in Charlotte and Atlanta.

As one of the largest real estate developers in the southeast, Childress Klein has experience in a wide range of projects — from small flex buildings to multi-million-square-foot distribution parks; from small, freestanding retail buildings to large, multi-phase lifestyle centers; and from conveniently located suburban office buildings to 1 million+ square-foot, high-rise urban office towers. Childress Klein has also developed Class A+ apartments and self-storage facilities in prime submarkets in high-growth cities. With a portfolio of approximately 40 million square feet and more than $1 billion in assets, Childress Klein has the resources to undertake any size project. For more information, please visit www.childressklein.com.

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Childress Klein Opens Charlotte SpaceMax

Spacemax open

Childress Klein Opens Charlotte SpaceMax

CHARLOTTE, N.C. – Childress Klein, one of the Southeast’s largest commercial real estate firms, opened their new Charlotte SpaceMax Storage facility today. The four-level, 94,000-square foot building is located at 2908 Monroe Road near the intersection of Monroe Road and Dunn Avenue. Childress Klein currently has five SpaceMax locations in Atlanta, Ga. and one in Greenville, S.C.

SpaceMax is Childress Klein’s solution to the growing need for safe, clean, climate controlled self-storage.

The facility on Monroe Road is completely climate-controlled with a temperature ranging from 66oF – 76oF and humidity below 50%. All of the units, ranging from 5’x5’ to 10’x30’, in the new Charlotte location are in a clean indoor environment. Each of the four floors requires a unique access code ensuring safety of the customer and the contents of the 650 units. The location boasts more than 70 security cameras recording 24 hours a day and seven days a week and two large covered unloading areas to providing a safe and convenient storage solution.

Childress Klein has been in the self-storage industry for 11 years and is excited to expand the concept to Charlotte.

“People have become more aware of their need for self-storage in Charlotte,” stated Chris Poholek, partner at Childress Klein. “The Stone Mountain SpaceMax was awarded the 2015 Georgia Storage Facility of the Year, so we know that Charlotte consumers will embrace a new modern solution for storage.”


About SpaceMax Storage
SpaceMax Storage, owned and operated by Childress Klein, is dedicated to serving the Southeast with exceptionally constructed and managed self storage facilities, each with climate controlled storage spaces, modern security, knowledgeable staff, and welcoming customer experiences. With over 10 years of experience building and managing nine state-of-the-art storage locations, SpaceMax was chosen as the 2015 Georgia Storage Facility of the Year. For more information, or to reserve your next storage space, please visit www.spacemaxstorage.com.

About Childress Klein
Childress Klein is a full service real estate company operating in the southeastern United States since 1978. The partners of Childress Klein have been responsible for the development, leasing and management of more than 42 million square feet of office, industrial, retail, multifamily, and self storage properties throughout Virginia, Tennessee, North and South Carolina, Georgia and Florida. The Company’s primary offices are located in Charlotte and Atlanta.

As one of the largest real estate firms in the Southeast, Childress Klein is experienced in the development, management and leasing of a wide variety of product types. The Company’s office developments include suburban office parks, 1 million+ square foot high-rise office towers, and corporate campuses. Industrial experience ranges from small flex buildings to multi-million square foot distribution parks. Retail properties include community centers, large-scale lifestyle centers and mixed-use developments. Childress Klein serves residential markets with products including luxury garden and high-rise apartments as well as multi-level self-storage facilities.   

With a team of nearly 300 professionals, a portfolio exceeding 30 million square feet and real estate assets valued in excess of $1 billion, Childress Klein has the expertise and resources to undertake any project. For more information, please visit www.childressklein.com.

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90 North Acquires Lash Group HQ Building in Fort Mill, SC Market just south of Charlotte

Lash

90 North Acquires Lash Group HQ Building in Fort Mill, SC Market just south of Charlotte

Chicago, IL (March 1, 2016)— 90 North Real Estate Partners LLP (“90 North”), acting as Property and Investment Advisor, and Sidra Capital (“Sidra”), acting as Strategic Advisor, have announced the $67.1 million development funding and acquisition of the 247,834-square-foot Lash Group headquarters building in Fort Mill, South Carolina, less than 20 miles south of the growing Charlotte, North Carolina business community.

Rob Cochran and Jared Londry with Cushman & Wakefield’s Capital Markets Group brokered the transaction on behalf of the seller, a joint-venture between Childress Klein and Clear Springs Development Co. This is the second US acquisition for 90 North in approximately 30 days and underscores their strategy of acquiring newly developed or recently renovated, fully-leased corporate facilities in prime suburban markets across the country. Earlier this month, 90 North acquired the $123 million Saint-Gobain campus facility in suburban Philadelphia.

This state-of-the-art office building was completed earlier this month and the tenant has relocated 1,485 employees from Charlotte to Fort Mill. The Class A, registered LEED Silver office building at Innovation Point, Fort Mill, South Carolina. It will serve as the headquarters for The Lash Group Inc., a healthcare consulting subsidiary of AmerisourceBergen Corp.

“This acquisition is yet another example of 90 North identifying and executing a ‘trophy’ credit focused acquisition,” said Daniel Cooper, Partner and Head of 90 North’s North American operations.

“AmerisourceBergen, parent company of The Lash Group, last year was ranked number 16 on the Fortune 500 list, and epitomizes the definition of ‘trophy credit.’

Our ability to acquire this building under a long term net lease agreement, with renewal options, fulfils our investment strategy.”

Project Details
Designed by Rule, Joy, Trammell + Rubio, the Lash Group’s new headquarters building is located at the crossroads of Interstate 77 and S.C. Highway 160. The building is five-stories tall with 50,407-square-foot floor plates and features on-site amenities including a fitness center, conference and meeting rooms, and a lounge area.

The property is adjacent to the Anne Springs Close Greenway, which encompasses approximately 2,000 acres of lakes, forests, and pastures for hiking, biking, kayaking, horseback riding, and camping.

Also adjacent to the campus is Kingsley Village, the 650-acre master-planned walkable destination project from Clear Springs Development, which includes LPL Financial’s 450,000-square-foot regional headquarters, 120,000 square feet of retail amenities, 228 apartment units, a hotel, and a live music amphitheater.

Kingsley Village, the Anne Springs Close Greenway and Lash Group’s headquarters campus are all part of the Clear Springs Plan, an effort from the Close Family to guide sane and graceful expansion of family land in and around Fort Mill. The Close family, which formed Clear Springs Development in 1997, has addressed the future of Fort Mill by offering a mixed-use solution that blends “progress and preservation into a balanced community through integration of smart-growth principles, economic development focusing on quality job creation, and environmental stewardship.”

Lash Group Background
Launched in Charlotte in 1993 as a healthcare consulting firm, the Lash Group designs, develops, and implements patient and provider support programs for healthcare providers and pharmaceutical manufacturers. The firm has a total of 3,000 employees. It will employ 1,200 personnel at its new headquarters facility while maintaining a significant presence in Charlotte, where its lease expires in 2019.

Growth projections suggest Lash Group may more than double its workforce at the Fort Mill property over the next few years.  The company has an expansion option agreement with the developer to build additional space.

Location
Located 20 minutes south of Charlotte and providing immediate access to I-77, Fort Mill, SC is home to a highly rated school district, five golf courses and 325 miles of shore line at Lake Wylie for boating and outdoor activities.

Baxter Village, a walkable downtown area with a creative collection of shops and retail that was the first phase of Clear Springs, is directly across the interstate exchange from this property. Baxter Village surrounds Baxter Town Center, a retail hub that includes a variety of restaurants, boutique shops, fitness amenities, and light medical uses.

The Fort Mill area is less than 20 miles from Charlotte International Airport.


About 90 North Real Estate Partners
90 North is an independent investment advisory firm, specializing in socially responsible real estate investment and with considerable experience working with Shari’ah compliant equity partners.  Headquartered in Mayfair, London, 90 North has a US office in Downtown Chicago and a representative office in Kuala Lumpur, Malaysia.  Since June 2012, 90 North has closed over $1.291 billion (€1.1 billion / £902 million) of real estate transactions, working with its equity partners.   For more information visit www.90northgroup.com.

About Sidra Capital
Licensed by the Saudi Capital Market Authority (CMA) in 2009, Sidra Capital is a Shari’ah compliant financial services company located in the Kingdom of Saudi Arabia. At Sidra Capital we concentrate our efforts on Asset Management and Corporate Finance & Advisory. We currently manage assets worth approximately SAR 1.6 billion which are all invested in alternative investments. Our Corporate Finance & Advisory team has completed numerous transactions across a variety of different sectors and have raised capital of around a total of SAR 800 million.

Our strong international strategic relationships allow us to provide the highest level of expertise and market insight to our investors in Saudi Arabia and the GCC, while providing complete transparency in our business operations. Ever a pioneer in the investment world, we have a strong track record in creating innovative and award-winning products. Sidra Capital’s Ancile Global Structured Trade Finance Fund, for example, was the first of its kind in the Kingdom of Saudi Arabia and was honoured as ‘The Best Structured Islamic Trade Finance’ by Triple AAA Islamic Finance Awards in 2013.

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