Monthly Archives: March 2015

Professional Property Management Adds Value to Real Estate Investments

As a real estate investor, we know you need to balance your investment with return.  And while many real estate investors manage their own properties in an effort to reduce costs, the daily headaches of property management and tenant relationships can be intensely time-consuming.

Whether you own one property or have several investments, a professional property management company will maximize the value of your property and increase your return on investment in a number of ways.  

For example, an efficient property management company will:

  • Ensure that your investment is well maintained and secure
  • Quickly respond to tenant needs
  • Negotiate the most favorable terms for leases and contract renewals
  • Maintain current knowledge of landlord-tenant laws specific to the state and city of your property to prevent legal allegations
  • Provide comprehensive account management including rent collection and bill payment
  • Cost-effectively manage maintenance issues with in-house personnel or trusted professional service teams 

A competent, trustworthy property management company adds value to your property and time to your day. If you have a real estate investment in the metro Atlanta area and are considering a property management company to maximize the return on your investment, contact McWhirter Realty Partners today

McWhirter Realty Partners focuses on brokerage, property management and development services with expertise in industrial, self storage, office, retail, medical and land sales throughout the United States. The company consistently ranks as a Top Ten Producer as recognized by the Atlanta Commercial Board of REALTORS. McWhirter Realty Partners is located at 300 Galleria Parkway, Suite 300, Atlanta, Georgia 30339. www.mcwrealty.com

 

Abandoned Property now Thriving Business in Athens, Georgia

An abandoned convenient store on a half-acre site, located at 1553 S. Lumpkin Street in Athens, Georgia, that had been vacant for ten years due to a tremendous amount of contamination. The location, within the 5-Points neighborhood of Athens and less than a half-mile from the University of Georgia campus, was a prime setting many businesses had considered purchasing.  However, the contamination issue had spread to adjacent residences and a neighboring creek, discouraging potential developers to pursue the costly cleanup necessary that would make the site viable.   

What We Did: 

McWhirter Realty Partners created a redevelopment plan that was successfully approved by Athens-Clarke County and the State’s Environmental Protection Division (EPD).  The most pivotal component of the redevelopment plan was the brownfield corrective action plan they formulated in collaboration with the State.  The plan was submitted through the Brownfield Program under the authority of Georgia’s Hazardous Site Reuse and Redevelopment Act, which was created to encourage developers to redevelop contaminated sites.

The Result:

Grindhouse Killer Burgers signed a lease with McWhirter Realty Partners and built its fourth restaurant on the site.  They opened for business in September of 2013.  What was once a contaminated eye-sore in a highly sought-after location is now a thriving business contributing to the community’s economy. 

“We worked with Matt McWhirter for our Athens location. He was knowledgeable and diligent in the development process, including the environmental and entitlement challenges with the property. We would be happy to work with Matt again on future projects.”

– Alex Brounstein, Grindhouse Killer Burgers

Atlanta Area Focus: Fulton Industrial Community Improvement District

Since the 1960’s, the Fulton Industrial Boulevard corridor has been one of Atlanta’s largest industrial and manufacturing areas. However, in recent years the area has faced increased challenges due to evolving technology and changing market needs which slowed growth and strained existing businesses. Fortunately, local leaders realized a targeted investment in the area was necessary to revive the region and formed the Fulton Industrial Community Improvement District (CID) in 2010. 

The formation of the CID allows service improvements – such as landscaping and security – and facility improvements to be funded through a voluntary tax and by applying for state and federal monies. The Fulton Industrial CID is focused on improving public safety, infrastructure, cleanliness and aesthetics of the area. The CID has already implemented crime prevention measures, reserved more than $1 million for transportation improvements and initiated a landscape maintenance program. To encourage business growth, a portion of the Fulton Industrial Boulevard is a designated “Opportunity Zone” affording tax incentives to businesses for job creation. 

The efforts of the Fulton Industrial CID combined with the location will influence future expansion of businesses. The Fulton Industrial area is convenient to I-20, I-285 and Hartsfield-Jackson International Airport. There are opportunities for businesses to occupy current vacant industrial properties, build on existing sites zoned for industrial or renovate with design geared towards today’s market. Additionally, the Fulton Industrial area is the most economical industrial district in Metro Atlanta for businesses looking to buy or lease. 

McWhirter Realty Partners has experience helping business owners and real estate investors maximize the value of their investments with extensive knowledge of local initiatives, such as the Fulton Industrial CID.  Check our blog for a series of updates related to this specific initiative, and if you have questions about real estate in the Fulton Industrial Boulevard CID or the metro Atlanta area, contact us today.

McWhirter Realty Partners focuses on brokerage, property management and development services with expertise in industrial, self-storage, office, retail, medical and land sales throughout the United States. The company consistently ranks as a Top Ten Producer as recognized by the Atlanta Commercial Board of REALTORS. McWhirter Realty Partners is located at 300 Galleria Parkway, Suite 300, Atlanta, Georgia 30339. www.mcwrealty.com.

 

Three Tips for Landlords Hiring a Commercial Real Estate Broker in Atlanta

A real estate broker can help make or break the financial goals for your commercial real estate property.  A good commercial real estate broker is a true partner who shows the initiative to find the right fit for your space.  In order to successfully find a broker you can trust will do the best job, consider these three tips:

  • Find a broker specific to your intended property use. Make sure the broker is familiar not only with your product type but also the sub-market of where you are located. Your broker needs to understand incentives – such as free rent, tenant-improvement allowances and opportunity zone incentives – being offered in the area in order to competitively market your product.
  • Ensure the broker has time to work on your lease. The longer it takes to find a tenant the more money out of your pocket. You need a broker who is willing to do the research in order to find the best options and negotiate the most favorable deal for your property in a timely manner. 
  • Use a broker with established relationships in all areas of real estate, development and property management. Negotiating a lease might require additional resources such as architects, attorneys or sub-contractors. Brokers with trusted relationships in these areas will expedite the negotiation period and often instill confidence in the prospective tenant that they are making a good decision.

Contact McWhirter Realty Partners today to find a broker for your property in the metro-Atlanta area.

McWhirter Realty Partners focusses on brokerage, property management and development services with expertise in industrial, self storage, office, retail, medical and land sales throughout the United States. The company consistently ranks as a Top Ten Producer as recognized by the Atlanta Commercial Board of REALTORS. McWhirter Realty Partners is located at 300 Galleria Parkway, Suite 300, Atlanta, Georgia 30339. www.mcwrealty.com

 

 

Cobb County Real Estate Focus: Marietta

One of the fastest growing counties in Georgia, Cobb County is consistently known for its excellent public schools, convenient location and low taxes – making it a desirable location for families and businesses alike.

Historic Marietta is the largest city in Cobb County and serves as the county seat. The area surrounding the traditional town square continues to attract new residential developments allowing residents to walk to local restaurants, shops and artist venues. Meeting Park, Manjet and Montgomery Park are highly sought after neighborhoods. McWhirter Realty Partners recently represented the seller of a new community, Marietta Walk, which will add 70 single family homes and town homes all within walking distance to the square.

McWhirter Realty Partners recently represented Cobb County government in a lease with Georgia Department of Family Services (DFACS) at 277 Fairground Street, Marietta, Georgia. DFACS renovated the building and will be relocating in March 2015. Dan Buyers and Peyton McWhirter represented the county.

McWhirter Realty is also representing the county in the sale of 2 office buildings in the city of Marietta: 57 Waddell Street and 32 Fairground Street.  McWhirter Realty recently represented Cobb County in the sale of 47 Waddell Street to an owner occupant who will be renovating the property.

If you have questions about real estate in Cobb County or the metro Atlanta area, contact us today.

McWhirter Realty Partners focuses on brokerage, property management and development services with expertise in industrial, self-storage, office, retail, medical and land sales throughout the United States. The company consistently ranks as a Top Ten Producer as recognized by the Atlanta Commercial Board of REALTORS. McWhirter Realty Partners is located at 300 Galleria Parkway, Suite 300, Atlanta, Georgia 30339. www.mcwrealty.com.