Fri, April 19, 2024

Incubator under contract while business tenants are forced to move

The carousel of owners, managers, and tenants will continue to change again at 901 Greene Street in downtown Augusta.

Allen Childs and his crew at Roof Savers Georgia, Jeff Brotherton from E35 Media, and other entrepreneurs have 30 days to find a new office as the owner of the building has the business incubator under contract.

“We loved it,” Childs said. “The building is beautiful and we like the amenities.”

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“I loved having a personal office here in Augusta with a modern, industrial style. I’m going to miss the space I had,” Brotherton said.

Branding expert, Jeff Brotherton of E35 Media leased out a one-room office for almost a year and really enjoyed his creative space. (Photo by Jeff Brotherton)

ABD reached Daniel Levison, CEO of commercial property consultants CRE Holdings, who was careful to discuss the particulars of the transition.

“It is under contract to a local company,” he said. “It should be sold in the next 10 days or less.”

Levison was involved more than three years ago when the Atlanta owners first tried to make the “shared space” concept work in Augusta in January 2019.

After success at two similar incubators in the Atlanta area, they used the 15,200-square-foot former Georgia Department of Corrections Probations building for creatives and entrepreneurs and those needing short-term leases. They included some building amenities like office equipment, conference rooms, and AV equipment.

It closed after about a year and sat vacant until September 2021, when Augusta-based entertainment group Amplified Events agreed to take over the events side of the business. That is about half of the building, which is separated from tenants on the other side in the co-working spaces.

Augusta Business Daily rented out conference space from Amplified Events when they had a management agreement with the owners of the building. (Photo by Neil Gordon)

A few months after Amplified Events booked functions, Augusta Business Daily utilized 901 Greene Street with a business conference and trade show, called “Culture Shift Expo.”

In November 2021, Amplified Events and the building owner parted ways and rental occupancy never reached levels that were once hoped for in January 2019.

“It’s disappointing the building is getting sold and converted into something else,” said Childs.

Brotherton is looking for some creative space to call his work home and can be reached through www.e35media.com.

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