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Owen Roofing turned to Carter Worthy Commercial to market their extraordinary .94 acre development site in Downtown Raleigh was only one block from the Raleigh Convention Center. Featuring a panoramic view of the Raleigh skyline, Red Hat Amphitheater and the Shimmer Wall. This property closed in 2019 for a price of $5,100,000.
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Award-winning designers, Vincent Pietrarca and Katherine Hogan rescued this 2000 square foot property and rebuilt from the skeleton up in 2009, creating a light-filled work space, plus a studio apartment with a downtown view. When their growing practice and family required new space, they engaged Carter Worthy Commercial to sell the unique property. $399,000, Rec 2013
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Michael Holmes, his family and employees have operated the SureFit Upholstery business out of this Warehouse District property for almost 50 years. Carter Worthy Commercial re-tennented the building in June 2014, tripling the rent in a long term deal.
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Carter Worthy Commercial represented Clancy & Theys Construction Company in the purchase of the property located at 518 S. West Street. $775,000, July 2013
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When Scott Maxwell of Capital Wealth Management decided to move his growing financial planning business to Raleigh, he engaged Carter Worthy Commercial to find the perfect location. The problem was, that the perfect location just wasn't on the market at that time. He wanted a small, charming mixed use building in Glenwood South where he could entertain clients at nearby restaurants. But with persistence, shoe leather and a good business network, Worthy found exactly what he wanted: this handsome renovated schoolhouse with heartpine floors and soaring windows. July 2012, $340,000
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Abrams & Abrams Law Firm purchased this elegant historic property through Carter Worthy Commercial in September of 2012 and painstakingly restored the central grand stairway and other historic features using historic tax credits. In addition, they added modern touches such as a geothermal heat system. The property was built about 100 years ago and was known as the Williamson homeplace. $850,000
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Carter Worthy represented the WPG Properties, LLC in selling this iconic little downtown Raleigh building which housed Gurley Realty for decades. Raleigh attorney Daniel Barker purchased the property and renovated it for his Raleigh law firm. $545,000
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When Dean Debnam needed office space for his Workplace Options call center, he turned to Carter Worthy Commercial for brokerage services. Worthy helped him arrange a lease with option at 3020 Highwoods Boulevard and then later negotiated a second lease with option arrangement when he expanded to 2912 Highwoods Boulevard. Debnam subsequently closed on both buildings, resulting in a transaction of $6,530,000.
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Carter Worthy Commercial represented Alamance Four, LLC in the sale of 600 St Marys Street to Ravin Partners for the development of St Mary's Square, a high end urban apartment project in the trendy Glenwood South neighborhood. The sales price of $2,200,000 equals almost $60 per square foot of land.
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In 2006, the Board of Directors of the YWCA of the Greater Triangle made a strategic decision to better align its programming with its mission to eliminate racism and empower women. As a result, the Board decided that operating and maintaining the aging fitness facility located on Oberlin Road in Raleigh was no longer the best use of the organization's resources. After obtaining an independent appraisal of the property value, the YWCA engaged Carter Worthy Commercial Inc to list the property for sale. The 50,000 square foot facility, which included offices, a swimming pool, gymnasium, fitness center, playground and 30 residential rooms on 3.24 acres was extremely well-located near Raleigh's Cameron Village but had significant deferred maintenance and functional obsolescence. The marketing effort produced several qualified development proposals that would require the demolition of the existing facility. However, the YWCA wanted to be sensitive to the facility's long history as a community institution. Through an active sealed bid process, Carter Worthy Commercial was able to negotiate a sale with Interact, a fellow non-profit, by pairing it with several other non-profit tenants such that rental income would offset a portion of the purchase price for the primary purchaser. As such, the property will now house Interact's domestic violence prevention programs, and a satellite location for the Raleigh Police Department. In addition, the YMCA will lease the pool and fitness area to provide outreach camps and programs for disadvantaged youth. The $3.8M sale closed in January 2007.
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Fast-growing sports equipment supplier, Sports Endeavors Inc. needed more warehouse and distribution space for its fast-growing enterprise. The Hillsborough-based company selected Carter Worthy Commercial to assist in its search. Carter Worthy and Julian Williamson explored options in Wake, Durham and Orange Counties before identifying a new 94,000 square foot facility in Alamance County’s NC Industrial Center located near the confluence of I-40 and I-85. Samet Development was the developer and seller of the building and also completed the company’s specialized upfit in an amazing 80 days. SEI closed on the $2.75M purchase in mid-February and moved into its new space in Mid-May of 2006.
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The Ethel Rogers heirs inherited two parcels of remainder land around the US 64/Beltline interchange in the 1980s. The industrially zoned land was challenged with a variety of issues including railroad easements, floodway land, Neuse River buffers, access limitations and restrictive zoning overlays. The family worked closely with Carter Worthy Commercial for several years before finding buyers for the parcels in 2005. The 32 acre tract inside the beltline was sold to KA Acquisitions for $1.75M for the development of apartments, a hotel and a convenience store. The 18 acre tract on the outside of the beltline sold to DD & SF Investments for $1,050,000 for the headquarters location for 3 local Raleigh enterprises: Ultimate Products, Workplace Options, and OnPoint Polling.
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When Dorothy S. Smith moved from her Poole Road home to a retirement facility in 2003, her sons contracted with Carter Worthy Commercial to sell the 1901 farmhouse and 3 acres of multi-family land. The property sold in 2005 to the developers of Carriage Place LLC for the development of 12 new single family homes.
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Headway Corporate Resources, a leading human capital management company, decided to relocate its headquarters office from New York City in early 2005. After a thorough search of high-talent areas, Headway engaged Carter Worthy Commercial to identify potential offices in the Research Triangle area. Ultimately, Headway chose to help anchor the renaissance in Downtown Raleigh by leasing 17,000 sf in the Bank Of America Plaza building on Fayetteville Street.
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NorthStar LLC owned an 88 acre farmland tract located on US 401 in northeast Wake County. Carter Worthy Commercial, working in co-operation with Perimeter Realty, sold the parcel to the Weisgerber Group for $810,000 in 2005. The property is now contains about 40 new single family homes.
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Alamance Associates LLC retained Carter Worthy Commercial to sell a small development parcel in the heart of the flourishing Glenwood South area in Raleigh. The .20 acre tract sold in early 2006 for over $40/square foot to Centerpoint Partners, LLC to build the 14-unit “Boylan Flats.”
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McPaulworth LLC acquired several historic buildings in Downtown Raleigh in the mid-1990s. The partnership renovated and leased one of the properties and sold off the small “Mahler Building” in 2004. The remaining property, “The Carolina Trust Building, circa 1901) was sold to Empire Properties in March of 2006 for $980,000. Carter Worthy represented McPaulworth in the transaction.
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Alamance Associates II, LLC acquired the dilapidated Hardee’s building at 222 Fayetteville Street Mall in Raleigh in 2001. The property sat vacant for several years until the entrepreneurs of the Big Easy Restaurant and Bar saw the potential. The restaurant and live music venue opened in 2006.
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In the spring of 2006, Carter Worthy represented the New Schools Partnership, a high school reform initiative sponsored jointly by the Bill and Melinda Gates Foundation and the State of NC, in locating appropriate meeting and office space for the growing enterprise. NSP negotiated a 4 year lease for about 6,000 sf of newly appointed office space in the Crabtree Center Building at 4600 Marriott Drive in Raleigh.
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Carter Worthy has been involved in several important historic renovation efforts in the Raleigh area. She was a partner in the redevelopment of the Pilot Mill project in Downtown Raleigh. The historic textile mill, which dates back to 1894, is now a 100,000 square foot office development which includes such tenants as The Triangle Land Conservancy, Nando Media, several professional services firms and a thriving charter high school with an enrollment of over 400 students. The project was awarded the prestigious Anthemion Award by Capital Area Preservation.
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