Corporate Property Dispositions along with LandQwest represented South Harbor in the sale of 1.07 acres in Port Charlotte, FL

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port-charlotte-fl-aerial2Keith Valentine of Corporate Property Dispositions, Atlanta, GA and Brett Low of LandQwest represented the Seller, South Harbor Development, in the recent sale of 1.07 acres in Port Charlotte, FL, located along Cochran Blvd in front of Kohl’s & Home Depot. The Buyer, a Zaxby’s franchisee, purchased the property to bring the casual restaurant to the Port Charlotte area.

Brett Low is an Associate with LandQwest Commercial, a Florida-based, full-service commercial real estate organization.  Brett specializes in leasing, acquisition, and disposition of assets for private and third party owners, as well as business brokerage.

Corporate Property Dispositions is a Commercial Real Estate Company with offices in Atlanta, Tampa and the Greater Los Angeles area.  As experts in real estate dispositions, retail, as well as all aspects of commercial real estate; CPD understands the complexity of the business and can apply the expertise they have gained with over a 100+ years of combined experience, for you.  CPD can be reached at their Corporate office at 678-718-1884 or visit them on the web at cpdispo.com .

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Corporate Property Dispositions along with Avison Young represented The Home Depot in the sale of 3.6 acres in Sylacauga, AL

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Keith Valentine of Corporate Property Dispositions, Atlanta, GA and Patrick Arnold of Avison Young represented the Seller, Home Depot U.S.A., Inc., in the recent sale of 3.6 acres in Sylacauga, AL, located adjacent to The Home Depot on US Hwy 280.  The Buyer, Elcan & Associates purchased the property to develop a Dollar Store as well as future shops.  Keith also worked on previous sales at this location for Zaxby’s and Captain D’s.

Patrick Arnold is a Principal of Avison Young’s national Retail Advisory Services Group.  Patrick and his partner, Spencer Bomar, assist retailers with site selection, lease and build-to-suit negotiation throughout the Southeast.

Corporate Property Dispositions is a Commercial Real Estate Company with offices in Atlanta, Tampa and the Greater Los Angeles area.  As experts in real estate dispositions, retail, as well as all aspects of commercial real estate; CPD understands the complexity of the business and can apply the expertise they have gained with over a 100+ years of combined experience, for you.  You can reach us at our Corporate office at 678-718-1884 or check us out on the web at cpdispo.com .

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Corporate Property Dispositions represented The Home Depot in the sale of 1.85 ac Outparcel in Holly Springs, GA

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Holly Springs GA Sale Photo 5.2016 - web

Keith Valentine of Corporate Property Dispositions, Atlanta, GA represented the Seller, The Home Depot, in the recent sale of 1.85 ac Outparcel in Holly Springs, GA, located at the intersection of Sixes Road and Holly Springs Parkway.  The Buyer, Ferber Development purchased the property and will be adding three new neighbors to this key intersection. Those neighbors are AT&T, Starbucks, and Taco Bell. The ground breaking on the AT&T/ Starbucks will start immediately, sources say. They will be joining The Home Depot and Northside Hospital offices on the NE quadrant of the I-575 & Sixes Rd. junction. This is another great sign that Cherokee County is growing, with Holly Springs being the middle of the county.

Corporate Property Dispositions is a Commercial Real Estate Company with offices in Atlanta, Tampa and the Greater Los Angeles area.  As experts in real estate dispositions, retail, as well as all aspects of commercial real estate; CPD understands the complexity of the business and can apply the expertise they have gained with over a 100+ years of combined experience, for you.  You can reach us at our Corporate office at 678-718-1884 or check us out on the web at cpdispo.com .

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Get to know our Team: Keith Valentine

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Keith Valentine

 

Keith Valentine is the Senior Vice President for Corporate Property Dispositions.  He has been working in the Commercial Real Estate Industry for over 30 years.  We will get a chance to learn more about him through these next 10 questions.

How did you get into Commercial Real Estate?

I joined CB Commercial right out of MBA school.

Do you focus on one aspect/industry of Commercial Real Estate?

Retail, mostly.

Can you tell us a bit more about your experience prior to joining CPD?

At CB Commercial worked in Retail Sales, then was Sales Manager, Downtown Office.  Then promoted to Regional Marketing Director followed by Divisional Director, Retail.

At Home Depot I was recruited to set up a national disposition program and hire a team of people to cover properties in 35 states.

Have you worked with any companies that we would recognize through the years?

Home Depot, CB Commercial, Belk, Hobby Lobby, FedEx, Storage Deluxe, Philadelphia Phillies, Best Buy, Target and some smaller sites with Discount Tire and Chick-fil-A among others.

Can you recall any specific experiences in this industry that helped to shape you into the broker you are today?

Working with teammates, at CB I tried to work a deal with each Retail colleague, then one deal a year with an outside specialty.

At Home Depot I enjoyed making all types of transactions in diverse national markets.  One thing I did there and continue here at CPD is leveraging with talented co-brokers on the local level.

Who was the most influential person or persons to you in your career in Commercial Real Estate?

Nelson Brown was a great early mentor to me.  He taught me was to be honest in all things, be loyal to your company.

Do you have any quotes or motto’s that you live by?

Treat others as you would like to be treated.

Can you offer any words of wisdom to those just getting into the Commercial Real Estate field?

Show up, do your best.  Be consistent, work a plan. Leverage your skills with good partners.

Any additional keys to success you would like to share?

It is the client, the client, the client.

Just for fun, what gets you through the day? Coffee, tea, water or something else?

Water

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One broker’s opinion on the State of the Disposition Market

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I had a chance to sit down with Keith Valentine this week and ask him about what he is currently seeing in the real estate industry within the dispositions arena.  Keith has been in the Real Estate industry for over 30 years and focusing on dispositions for the last 18 years.  He has seen the market in a number of different states and sheds some light for us on what he is currently experiencing.

Keith, what would you say is the overall feel of the real estate market for dispositions?

In order to answer this you have to look at Land and Building separately as well as look back to what the market was. For land during the recession no one needed outparcels because they needed a loan. So unless they were self-financed there wasn’t much movement. Now the market is broad and deep and we are getting a lot of calls on our inventory.  As for our buildings there was less demand due to corporate slow down during the recession. Now they are in demand, and due to their good locations, we are very busy.

Do you see any particular industries growing over others?

Everything seems to be growing and moving more than it has been and certainly more than in the Great Recession. For the outparcels, I have seen new fast food and fast casual concepts growing as well as the traditional fast food. In addition to those, cell companies, dental, automotive, dollar stores, and to a limited degree the banks and financial services.  For our buildings I think the question is more “Who’s back?” and I think that is the craft stores like Hobby Lobby & Michaels, sporting goods, and home decorating stores.  Shopping centers have just started building again in the last 24 months and they still want to be grocery anchored.  The specialty grocery industry is also launching their smaller cost-effective brands that are geared toward millennials.

In contrast have you seen any industries whose growth has slowed or stopped all together?

I would say that I’ve noticed industries that have had to re-vamp their approach due to the changing climate like those in the electronics, computer and office supply segments.

Final question, compared to this time last year what changes are you seeing?

Pricing of property and space have increased to the point that it makes you think “What Recession?” and activity has increased accordingly.

Thank you Keith for sharing your insight with us.  He wanted to leave us with one final thought, there is still going to be a greater demand for better sites.  Overall, it seems like the market is only getting better every day, things are adapting to the new consumer demands and marketplace but still moving and good product will always move.

 

By Keith Valentine and Amy Marrs

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