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Project Client List |
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Sale Price: $16,800,000
Location: Intersection of TW Alexander Drive & Page Road - Brier Creek, Durham, NC
Description: 77,994 SF, built in 2005, Anchor Tenants: Food Lion & Ace Hardware
Buyer: Greenway Financial LLC
Seller: JWH Properties
Julian Williamson of Carter Worthy Commercial assisted the buyer for this transaction. |
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Sale Price: $16,700,000
Location: 7301 Six Forks Road, Raleigh, NC (Intersection of Six Forks & Sawmill)
Description: 125,120 rentable square feet, built in 1978, Anchor Tenants: Golds Gym & Dollar General
Buyer: Greenway Financial, LLC
Seller: HD Celebration, LLC
Julian Williamson of Carter Worthy Commercial represented the buyer in this transaction. |
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Sale Price: $7,300,000
Location: 4011 Wake Forest Road, Raleigh, NC
Description: 52,575 rentable square feet, built in 1966 (remodeled in 1994), Anchors: Aldi and Pet Supplies "Plus".
Buyer: Greenway Financial, LLC
Seller: HD Eastgate, LLC
Julian Williamson of Carter Worthy Commercial represented the buyer in this transaction. |
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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 and Julian Williamson were able to negotiate a sale with Interact, a fellow non-profit, by pairing it with several other non-profit tenants (including a small branch for the YWCA) 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, YWCA's women's empowerment program, 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. Julian Williamson handled the lease negotiations for Headway. |
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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. Julian Williamson represented the landlord in the transaction. |
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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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