Tag Archives: Brokerage

Real Estate Focus: Dekalb County

Dekalb County is consistently ranked as one of the top ten counties to live in Georgia[1] based on factors such as cost of living, public schools, amenities and job opportunities. What’s more, since 2014, the county has made a significant effort to make it an even better place to do business with the creation of the Economic Development Strategic Plan.

The Plan recommended creating an incentive policy to help entice and expand business in six target industries: Advanced Manufacturing, Construction and Support Trades, Life Sciences, Logistics, Professional and Business Services and Tourism. In March of this year, an Economic Development Incentives Policy was approved.

Objectives of the Incentives Policy include: expanding economic development activity, enhancing the tax base, job creation and retention and encouraging private sector reinvestment in vital areas. For businesses within the target industries this means the potential for reduced fees for development permits and business licenses, matching funds for water and sewer infrastructure improvements and possible acceleration of the development review process.

Dekalb County’s positive accolades and business incentives will continue to attract real estate investors and developers. McWhirter Realty Partners has extensive knowledge of the county and the surrounding area with current opportunities including:

  • 5830 E. Ponce De Leon: 26,572 SF flex, office/warehouse building and a 6,650 SF service building, and is located within Stone Mountain Industrial Park.
  • 6121 Memorial Drive: 40,000 SF former automobile dealership on 6.2 acres

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

 

 

 

[1] local.niche.com/rankings/counties/best-counties/s/georgia/

Healthcare Real Estate Remains Strong through Third Quarter 2015

A growing population and aging demographic coupled with the implementation of the Affordable Care Act are creating opportunities for new development and expansion within the healthcare real estate industry.

With more people having access to healthcare, there is an uptick in hospital expansion in new markets and in the creation of suburban clinics. There is also a growing trend to move diagnostic and treatment services such as oncology, cardiology and orthopedic care away from main campuses into clinics closer to the patient population most in need of these services – the boomers. Construction of new facilities allows for strategic location of services and is also better suited for today’s technology infrastructure that can withstand the fast-paced changes occurring within the industry.

In May, McWhirter Realty Partners and MB Real Estate Healthcare Group broke ground on a 30,000 square foot expansion of medical office space in Conyers, Georgia. The new medical office building in Conyers Medical Park allows Rockdale Medical Center, a subsidiary of LifePoint Health, to expand its urgent care, general surgery, vascular and neurological operations among other specialties.

This is the second of four buildings planned for the Conyers Medical Park and is scheduled for completion in the fourth quarter of 2015.

McWhirter Realty Partners continues to follow healthcare trends and understands the context, challenges and opportunities faced by medical practices in this market.  Plus, we have a strong history of working with healthcare systems and knowledge of medical office space availability and requirements throughout the metro Atlanta are. If you have questions about healthcare real estate in the Atlanta area contact us today.

 

Real Estate Focus: Forsyth County

Forsyth County consistently ranks as one of the fastest growing counties in the US and currently holds the seventh position on the list according to the US Census Bureau’s 2014 Population Estimates. The Metro Atlanta suburb’s community and government is committed to smart growth, high education standards and making a positive economic impact on the state.

Since 2005, there has been marked growth of young, wealthy families moving to the northern suburb to take advantage of the highly ranked public schools and low taxes. Families also enjoy the county’s elaborate park system and growth of retail and dining experiences – all of which continue to drive the housing market.

Business is booming in Forsyth with the county alone attributing to 40 percent of North Georgia’s business growth in 2012 according to the Georgia Department of Economic Development. This growth is coming equally from expansion of existing businesses and relocation of new businesses. The county has focused initiatives – like the chamber’s Business First – to grow the healthcare, technology and international industries which have consistently been strong in the area.

Forsyth County is poised to continue to attract real estate investors and developers. McWhirter Realty Partners has extensive knowledge of the county and the surrounding area. If you have questions about real estate in Forsyth County or the metro Atlanta area, contact us today.

 

Atlanta Industrial Market Continues to Grow

Touted as one of the top five industrial markets in the nation, all key indicators continue to confirm that the industrial market in Atlanta will remain strong. Vacancy rates are less than 9 percent and rental rates are climbing.

What’s driving Atlanta to be the largest market for industrial buildings in the southeast?

  • E-commerce: The growing number of retail sales attributed to online purchases is driving the demand for distribution space. Atlanta’s proximity to inland and coastal port markets make it a prime location.
  • Logistics companies: Georgia is home to 90 percent of the top 25 global third-party logistics providers[1]. Its location and infrastructure attracts companies transporting goods nationally and globally. Whether via air, rail, road or sea, its accessibility helps save company’s time and money.
  • Warehouses: National retailers growing their distribution channels and the use of third-party logistics firms drives the need for warehouse space in excess of 100,000 SF.
  • Service companies for residential developments:  The growth of granite, marble, HVAC, supply houses, etc. leasing space in the metro Atlanta area is contributing to a tighter industrial market.

 

Georgia’s location, relatively affordable land rates and business-friendly climate often help position the state as a top selection site for big business. McWhirter Realty Partners helps companies find current space, and also identifies, develops and manages new construction opportunities. Contact us today or visit our listing page for more information.

[1]http://www.georgia.org/industries/logistics-services/

 

Atlanta’s Office Market Remains Strong

The office market rebound and stabilizing economy in 2014 had everyone breathing a little easier but still crossing their fingers it would continue. Fortunately, Atlanta’s office market remains strong with vacancy rates below 20 percent[1] and rents climbing.

“Governor Deal is doing a great job promoting economic development within the state and it’s carried directly over to the office market,” said Barry McWhirter, president and CEO of McWhirter Realty Partners.

Corporate growth is a key driver for the low availability. Companies are gaining confidence in the economy and many are not only lifting the hiring freeze but recruiting for growth. And with that growth, businesses are actively seeking space. 

The construction and new development industry is rebounding but hasn’t caught up to the demand for space. So as new space comes available users are moving quickly to secure it. Tenants need to not only move fast but be flexible in the options available in today’s market. 

McWhirter Realty Partners helps companies find current space but also identifies, develops and manages new construction opportunities. Contact us today or visit our listing page for more information. 

 

[1] According to CBRE Atlanta Office MarketView Q1 2015

Economic Benefits of Adaptive Reuse

Major cities nationwide are experiencing a return to urban living and Atlanta is realizing the benefits of this growing trend.  The city is striving to provide an appealing urban center – a live-work-play environment – to reap the long term economic advantage from this population migration. One way the city is transforming neighborhoods is through adaptive reuse –renovating an old building for a purpose other than originally intended. 

Ranked as a Top 25 City for Millennials by Niche.com in 2014, Atlanta offers a classic city atmosphere with its lively entertainment, deep history and convenient public transportation options. The expansion of Georgia State University and the stability of Georgia Tech has increased the demand for convenient urban residences while the relocation of major corporate headquarters to the city requires unique dining and entertainment options. What’s more, Atlanta is gaining popularity as a retirement destination due to its climate and accessibility from Hartsfield-Jackson International airport. 

The economic benefits of adaptive reuse include: 

  • Preserving the city’s historical character while revitalizing an area’s economy by attracting productive populations.
  • Developers can more affordably buy and renovate a building than replace the same building.
  • Historical features and location tend to draw higher rent or purchase prices.
  • Commercial properties in walkable area show greater appreciation.
  • Transforming empty spaces brings in tax revenue and decreases the opportunity for crime and vandalism. 

McWhirter Realty Partners is knowledgeable of the metro Atlanta area and properties available for adaptive reuse. Contact us today or visit our listing page for more information on our current opportunities.

 

 

 

 

Adaptive Reuse Preserves Environment and Atlanta’s History

Regardless of whether you live in the city or suburbs, there is a certain sense of pride residents have for their neighborhood and surrounding area. Throughout Atlanta, communities work tirelessly to maintain greenspace, reduce pollution and keep the historical charm of the city they call home.

Adaptive reuse is a growing trend that positively impacts the community in many ways by preserving historical buildings. Developers seek buildings that no longer serve their original intended use and renovate for a new business or residential purpose. Neighborhood residents applaud these efforts, as this method aims to preserve the architectural charm and creates an economical boost to the community. Inman Park’s Krog Street Market exemplifies adaptive reuse. This renovated 1920’s warehouse is now ranked by Fodor as one of the “Ten Best Food Halls in the US.”

Adapting an existing building to serve a new purpose helps the environment too. Construction and demolition materials account for nearly 50 percent of landfill waste according to the EPA. Converting an old building uses less construction materials, reduces waste and allows for the implementation of new greener technologies.

McWhirter Realty Partners is well-informed of laws regarding sustainable development in the metro Atlanta area and properties available for adaptive reuse. Contact us today or visit our listing page for more information on our current opportunities.

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.

 

 

Atlanta’s Thriving Data Center Market

The number of businesses outsourcing IT operations and the emergent dependence on cloud technology are causing a surge in data center development across the country.  There’s no doubt that Atlanta, often touted as the “Most Wired City,” is the southeastern hub for telecom and fiber infrastructure. And because it is one of the fastest growing data center markets nationwide, major companies such as E*Trade, Google and UPS have decided to locate mission-critical facilities here in Atlanta.

In addition to infrastructure, Georgia’s geographic location also makes it easy for companies to consider our state as a data center destination. Not only does Hartsfield-Jackson International airport provide optimal accessibility but there is very low risk of natural disasters to disrupt power or destroy costly equipment.

The business climate in Georgia is appealing too. As of 2012, data centers are 100 percent exempt from sales taxes on computer equipment and construction material purchases of more than $15 million annually. Operating costs are kept low with nonregulated telecommunication services and electric rates are 20 percent below the national average. The state helps to ensure companies have an abundant skilled labor force by offering customized workforce education programs.

If Atlanta is on your list of locations to build or lease a data center, contact McWhirter Realty Partners to learn about land or warehouse locations available today. We have a thorough understanding of data center requirements, area incentives and competitive rates in sought after locations.

McWhirter Realty Partners focuses on brokerage, property management and development services with expertise in industrial, self-storage, technology, office, retail, healthcare and land sales throughout the United States with a focus in the southeast. 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.

 

 

Healthcare Providers Reevaluate Real Estate Options in Growing Market Segment

Industry Focus: Healthcare Real Estate 

Rapid changes in the healthcare system are affecting many aspects of the industry – including how medical practices are making real estate decisions.  Two major trends are affecting how healthcare providers are reevaluating the real estate options available.  And now it’s more important than ever for medical practices to work with a real estate broker who thoroughly understands the site, entitlement, technology and other needs unique to healthcare tenants. 

Healthcare Trend: Consolidation 

Consolidation of health systems is happening across the country with large systems absorbing smaller ones. Additionally, many private practice physicians are joining large systems due to their ability to more cost-effectively and efficiently adhere to changes mandated by the Affordable Care Act. With these major shifts in the industry, owners of medical office space are now leasing larger spaces – 25,000 square feet or more – and seeing very little movement in current tenants. 

Healthcare Trend: Community-based Care 

Where people are going for medical care is also changing.  There is a push toward more community-based health management – essentially locating medical facilities based on the population’s needs and availability of resources to meet them. This means large systems are locating offices convenient to its’ patient population so post-discharge care is easy for the patient, in turn lowering readmission rates that are costly for the care provider. Real estate companies are seeing an increase demand for medical office space in rural or suburban markets. Existing medical office tenants are also choosing to renovate rather than relocate to meet changes in technology or other industry advances. 

McWhirter Realty Partners continues to follow healthcare trends and understands the context, challenges and opportunities faced by medical practices in this market.  Plus, we have a strong history of working with healthcare systems and knowledge of medical office space availability and requirements throughout the metro Atlanta are. We understand the intricacies of site selection and entitlements to effectively guide decisions. If you have questions about healthcare real estate in the Atlanta area contact us today. 

McWhirter Realty Partners focuses on brokerage, property management and development services with expertise in healthcare, industrial, self-storage, office, retail 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

 

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.