Sun, April 21, 2024

Commercial Real Estate

B2B Stories

Simon Says: Housing market in CSRA takes sharp turn

The Augusta Leading Economic Index (LEI) fell 0.8 percentage points in January from December. It remains 0.4 percentage points higher than January 2023. The major cause of the decline was an increase in initial claims for unemployment insurance, which were up 36 percent in January. Claims were the highest for January in three years. Inflation in the south also continued to be above the national average at 3.7 percent, reducing the purchasing power of consumers. Job openings edged down about one percentage point and are now at the lowest level

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B2B Stories

Company dances its way into new shopping center

A dance studio is taking up three of the five open spots at a new shopping center getting ready to open this summer, according to its developer/agent, Billy Franke. It’s located on the new section of the Riverwatch Parkway in Evans and across from the new Junior Achievement Discovery Center near Columbia Industrial Boulevard. Franke says the yet-to-be-named dance studio will occupy the three middle bays for a total of 5,400 square feet. Both end caps units are available and he’s flexible on his choice of tenants. “I got very

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B2B Stories

Major regional convenience store ready to take on local competitor

Crews are pumping out the work sunup to sundown to try and get Parker’s Kitchen open as soon as possible in 2024. Parker’s new neighbor directly across the street on William Few Parkway and Washington Road is The Pumping Station (TPS). The locally owned service station and convenience store have made significant changes in the last few months to prepare for Parker’s. They’ve installed new digital pumps to be more efficient and more attractive on in-store promotions. TPS has upped its game on food which has a much higher profit.

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B2B Stories

We’re paying for JBA construction starting Monday

If you’re among the tens of thousands of people who buy goods and services in Richmond County, you will begin paying an additional half-penny sales tax on Monday, April 1. Money collected will cover the cost of building a new James Brown Arena. Demolition of the existing arena is expected to begin in July. The $250 million bond issue was approved by voters in November 2023. Mike Harvey, Vice President of Project Design with Nations Group, owner’s representative for the Coliseum Authority, told ABD they are ready to bring in

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B2B Stories

Subdividing huge Augusta Building

WOW! Commercial Real Estate agent, Scott Brantley of the Beman Group recently placed an anchor tenant in the vacant, former WOW call center located at 3674 Wheeler Rd. Brantley executed a 10-year multi-option lease with Circle City ABA for the medical services provider to take about 1/3rd of the large office building. “We were able to work with our client (owner) to find a way to offer less space to multiple tenants instead of having to find someone willing to lease the entire 27,000 square feet. This company originated in

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B2B Stories

Acquisition moves local real estate firm into Top 10 in U.S.

Auben Realty, a full-service real estate investment brokerage based in Augusta, has acquired Voepel Property Management and Canopy Road Real Estate, renowned local experts in investment brokerage and comprehensive property management services based in Kansas City, MO. This strategic combination represents a significant step forward for both companies, combining their strengths to create an even more formidable presence in the real estate market nationwide. Auben Realty and Voepel Property Management share a common vision for providing property management solutions and fostering positive growth within the industry. The combination will leverage

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B2B Stories

New business opportunity in the heart of downtown

Mixed-use buildings are experiencing a surge in popularity. This trend reflects a departure from traditional single-use buildings, as developers and investors increasingly recognize the benefits of blending residential, office, and retail spaces within one structure. There is a new building available in Downtown Augusta with available office space. As ABD continues to report on new faces and places in Downtown Augusta including The Earth Pantry, a grocery store that opened in November at 1026 Broad Street, the heart of the city is painting the picture of a place to work,

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B2B Stories

Putting empty Augusta buildings back to work

Augusta-Richmond County will soon see a series of vacant buildings finding new life for different purposes. The most recent is the former Rite Aid/Eckerd Drugs store on Walton Way at 15th Street. It re-opened on Feb. 8 as a retail store and training center for Goodwill Industries of Middle Georgia and the CSRA. That came on the heels of Goodwill turning the former Georgia Federal Bank on Washington Road at Furys Ferry Road into its welcome center for Helms College. Both locations had been commercial tracts, generating property taxes for

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B2B Stories

Former TV station building seeks new tenant again

The former three-story WAGT building at 905 Broad Street is looking for another business to occupy it. For a little more than a year, a retail liquidation company hawked department store-type bargains inside the first floor and outside on the sidewalk, next to Laziza’s Restaurant. The Wholesale and Retail Bargain Merchandise store has moved near the Kroc Center at 1661 Broad Street in Augusta. They offer up to 75% off on various items that were returned to Amazon, Target, Walmart, Lowe’s, Home Depot, and other retailers. For more information visit, www.bargainmerchandises.com

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B2B Stories

Broad Street is smokin’ with development

The off-market sale of a historic mixed-use building at 1246 Broad Street in Downtown Augusta has been announced. The property, home to upscale retailer Fireside on the ground floor and residential tenants upstairs, was purchased by an investment group represented by Meybohm Commercial. Downtown Augusta is currently experiencing a wave of new developments, including The Standard on Greene Street and the Lamar Building. These projects, along with upcoming streetscape improvements and the recently announced funding for a new James Brown Arena, are expected to increase foot traffic and make downtown living

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