Fri, April 26, 2024

Commercial Real Estate

ABD Extra

Understanding Today’s Commercial Real Estate Market: What’s Changing?

Davis is the Principal of the Beman Real Estate Group and Vice President and Director of Commercial Real Estate at Blanchard and Calhoun, sits down with Augusta Business Daily publisher, Neil Gordon to discuss the commercial real estate market in the CSRA. Beman says there has been a shift in the demand for certain spaces in retail, dining, and offices, following adjustments made after the COVID-19 pandemic. For more information, contact Beman at his website: www.bemangroup.com.

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ABD Extra

The Buzz on The Bee’s Knees

The Finem Group at Meybohm Commercial announced in a press release on March 30, that The Bee’s Knees space is now up for lease. In November of last year, the popular hub in Downtown Augusta announced that it would permanently close its doors. According to Meybohm Commercial, the space is an ideal layout for a restaurant, coffee shop, or bar, consisting of two serving areas with both a kitchen and a wet bar. The space is considered to be in great condition, requiring minimal buildout by a future leaseholder. Meybohm

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Closings

Former home of popular downtown eatery now available

In November, owners of The Bee’s Knees, a downtown eatery that specialized in tapas, decided to close its doors after many years in business. But its former home is now available for lease, according to the Finem Group with Meybohm Commercial Properties. The more than 3,200-square-foot space is located at 211 10th St., next door to Manny’s Sports Off Broad and across the street from Tacocat. The lease rate is $24 per square foot per year. “Almost 21 years ago, The Bee’s Knees pioneered modern dining in downtown Augusta,” said

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Commercial Real Estate

Rezoning and use of clubhouse is at the center of Jones Creek controversy

A week after a controversy arose over the rezoning of the clubhouse building at Jones Creek Golf Club, clubhouse owner, Mark Herbert has decided to withdraw his request for a zoning change from the Columbia County Planning Commission. Herbert said that due to the lack of information available to Jones Creek residents, he has elected to withdraw his rezoning request at this time. He said the planned sale of the clubhouse is still expected to go through. Jones Creek Golf Club closed in September 2018 during an unresolved lawsuit against

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B2B Stories

U-Haul to open Augusta moving and storage facility in 2024

For nearly 80 years, movers have rented trucks from U-Haul, which has announced its plans to open a new moving and storage facility in Augusta, according to Jordan Trotter Commercial Real Estate. The new facility will be located on a 10.76-acre property at 1070 Claussen Road between Washington Road and River Watch Parkway. An article from the company’s website said U-Haul anticipates construction will be completed by June 2024. It will offer many products and services, including not only truck rentals, but also moving supplies, more than 700 self-storage units,

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B2B Stories

New tenants move into Aiken shopping center

A longtime Aiken shopping center is now home to a new restaurant and will soon gain another tenant, according to Meybohm Commercial Properties. The Feed Sack located at 1593 Whiskey Road recently opened in Mitchell Center, which was built in 1958. The restaurant serves a variety of menu items, including seafood, salads, sandwiches, and hamburgers. The Feed Sack is open for lunch, dinner, and Sunday brunch. This fall, Lotus Beauty will also move into the more than 95,000-square-foot shopping center, which contains Dollar General, MattressMan, and Rent-A-Center locations. Lotus Beauty

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B2B Stories

New commercial real estate company helps local businesses and landlords

Tracy Carter has a passion for commercial real estate, which is what prompted her to launch her own company that focuses strictly on commercial leasing. Carter, an agent with Keller Williams Realty who’s licensed in both Georgia and South Carolina, opened CSRA Commercial Spaces, LLC in early July to help businesses find buildings and landlords find tenants. “I’ve been here for 30 years and I saw a need,” she said. Carter said other real estate companies have commercial divisions, but she doesn’t know of another local company that doesn’t also

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B2B Stories

Another shopping center coming to Davis Road

A property near the intersection of Davis and Washington roads in Martinez is on its way to becoming a new shopping center. The former Green Thumb Nursery building and land at 110 Davis Road were purchased by a shopping center investor who contracted with Clifton Construction to build a 26,000-square-foot center on the property. While Thompson Wrecking Company finishes demolition work, Clifton Construction is beginning site work and construction and Jordan Trotter Commercial Real Estate is starting the pre-leasing process. Jordan Trotter is offering spaces for $20 per square foot,

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B2B Stories

Local business owner invests in three downtown properties

A local business owner and investor has added three more properties to his growing portfolio of dozens in downtown Augusta. Rafy Bassali has purchased 1293, 1296, and 1297 Broad St., according to the Finem Group with Meyboym Commercial Properties, which represented the seller in this transaction. Bassali, who owns the building next door to these businesses, said all three are currently occupied. “It’s the gateway to downtown Augusta, and I think in the future, it can be beautified,” he said. The Girl Cave Boutique occupies 1293 Broad St.; Johnson, Laschober

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B2B Stories

Local shopping center sold for more than $20 million

For nearly 17 years, Eddie and Carol Kennedy have owned and operated Great Deals on Furniture in the Village Plaza shopping center on Bobby Jones Expressway. The busy center, previously owned by an Ohio-based company, has been sold for a little over $20 million. Carol said she and her husband haven’t met the new owners yet, but they have received emails and phone calls from them. The couple isn’t worried about possible changes that could affect their business. “We had a great working relationship with the previous owners, and we

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