Category Archives: Judge Commercial

609 East 69th Street

Judge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GA Judge Realty in Savannah, GAJudge Realty in Savannah, GA609 East 69th Street, Savannah, GA, 31405
Office Property For Lease
6,400 SF – Floor Plan
Asking: $17 NNN
Agent: Kim Iocovozzi

Built in 2015 with an emphasis in LED and power saving features, this turn-key energy efficient executive office building in the Medical Arts area of mid-town Savannah is just blocks from both major hospitals. Interior features a modern industrial design, 15 office/patient rooms and security throughout. Suitable for medical, professional, or laboratory offices. The property also offers 12 off-street spaces making parking easy for employees and clients. Owner willing to subdivide and will consider all offers.

To learn more about this property, or to schedule a viewing, contact Kim Iocovozzi today at 912.236.1000 or stop by 347 Abercorn St. Savannah, GA.

4117 Montgomery Street

Judge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GAJudge Realty in Savannah, GA

4117 Montgomery Street, Savannah, GA 31401
Industrial Property For Lease
6,000 SF
Rental Rate: $3,450/Month
Associate Broker: Bobby Vermillion

Large industrial property for lease located on Montgomery Street near downtown Savannah. 3,000 square feet of 25-foot open span warehouse space and five roll-up doors. This property also includes 1,000 square feet of climate controlled office space, 1,000 square feet of loft space with kitchenette, and another 1,000 square feet of partially cooled space located under an industrial fan. All of this and 11 parking spaces for your employees and clients.

To learn more about this industrial property for lease or to schedule a viewing contact Bobby Vermillion at 912.509.1000 or stop by Judge Realty at 347 Abercorn Street.

Featured Commercial Property: 205 West Broughton Street

Judge Realty in Savannah, GeorgiaJudge Realty in Savannah, Georgia Judge Realty in Savannah, GeorgiaJudge Realty in Savannah, Georgia Judge Realty in Savannah, Georgia Judge Realty in Savannah, Georgia Judge Realty in Savannah, Georgia Judge Realty in Savannah, Georgia Judge Realty in Savannah, Georgia Judge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaPhotos: Courtesy of Sylvester & Co. 

Featured Commercial Property: 205 West Broughton Street

2,040 SF
$45/SF/year

  • $3.75 /SF/Month
  • $91,800 /Year
  • $7,650 /Month

Available January 2017

Exceptional street retail location on Historic District Savannah’s main shopping thoroughfare. High foot traffic from visitors and locals alike. Outstanding, renovated interior space with abundant light, high ceilings, brick walls & hardwood floors. Currently occupied by a high end home goods store, there is also the opportunity to purchase furniture & fixtures plus existing inventory.

Historic District Savannah’s main shopping thoroughfare next to J Crew and other national brand names including GAP, Banana Republic, Urban Outfitters, Kate Spade & Lilly Pulitzer.

For more information please contact Lori Judge at 912.236.1000 or stop by Judge Realty at 347 Abercorn Street.

 

Featured Judge Commercial Property: 1301 Lincoln Street

Judge Commercial | Savannah, GAJudge Commercial | Savannah, GAJudge Commercial | Savannah, GA Judge Commercial | Savannah, GAJudge Commercial | Savannah, GAJudge Commercial | Savannah, GAJudge Commercial | Savannah, GAPhotography provided by Ellsworth-Hallett

Formerly, respected design builders Ellsworth-Hallett, this exceptionally well maintained and fully renovated property is located in a prominent Victorian neighborhood. The two unit, 2,097 square foot, office building has two dedicated parking spaces and includes an additional warehouse. The building underwent a top-to-bottom restoration, by Ellsworth-Hallett, of all systems, high quality surfaces, and received a new roof. Located on the corner of Lincoln and Henry Street, this amazing space is in the perfect location for a new business or with 100% occupancy and a 6.5% cap rate, it also makes a great investment.

To learn more about this amazing property contact Lori Judge at 912.236.1000 or stop by Judge Realty at 347 Abercorn Street.

 

Kimberly Dalton: Judge Commercial Asset Manager

Judge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaOriginally from Cape Cod, Massachusetts, Kim has made Savannah her home after spending the previous decade in Hawaii. Over the past ten years she has gained invaluable commercial asset management experience that she plans to bring to Judge Commercial.She is a licensed real estate agent in both Hawaii and Georgia with many loyal and appreciative clients nation­wide. While in Hawaii, Kim found the perfect outlet for her love of photographyand began photographing her properties as well as her co­workers. Whether she’s with her family traveling abroad or on the beach, Kim loves taking photographs. She considers it a “relaxing outlet that I can learn about and also learn from.”Judge Realty in Savannah, Georgia

Lori Judge said, “Having such an accomplished commercial real estate broker join our office is a real asset to both the team and Savannah. I am enthusiastic about Judge Realty’s participation in Savannah’s rapidly growing commercial sector and look forward to working with Kim.”

As part of her experience, Kim successfully managed and increased the Net Operating Income (NOI) for both multi­million dollar shopping centers and smaller commercial property owners. Her comprehensive approach to improving location operations is centered on building rapport with property vendors and tenants while conscientiously managing details.Judge Realty in Savannah, Georgia

Stop by Judge Realty at 347 Abercorn Street or call Kim at 808.349.6427 to learn more about her! You can see her photography at http://www.kjdaltonphotography.com/

Photography by Parker Stewart

Commercial State of the Market Q1

Lori Judge | Cedric Smith PhotographyPhotography: Cedric Smith

Boasting 9,700 feet of contiguous berth space and over 3 million SF of warehouse space available within 30 miles of the port, Savannah’s commercial real estate market is poised for success and continued growth. Savannah, with a population of 886,000 and a workforce of 416,000 within a 60 mile radius, is the largest single container terminal in North America according to Georgia Ports Authority. With a $706 million dredging project underway, the port will only continue to grow our economy and create jobs. In Q1, Savannah and its surrounding areas saw a rise in asking price as well as a significant 1.5% drop in CAP rate.

Vacancy rates have dropped almost 1.4% from Q1 last year and are forecasted to drop to an astonishing 0% within the next 2 years. As investors flock to the area, asking prices per SF are reaching an all-time high as we move into Q2 seeing more than $30 per SF rise over the past five years. The Historic District and Pooler have seen the most significant raise in price and a 6 month drop in time on the market as well.

Georgia’s deepwater ports and inland barge terminals support more than 295,443 jobs in the state per year and generate $15.5 billion in income, $61.8 billion in revenue and $6.1 billion in state and local taxes. Savannah’s unemployment rate, as of February 2016, is the same as the national unemployment rate (5.3%), but lower than that of Georgia (5.6%). Moving forward into Q2 this year, we see nothing but success on the horizon for Savannah and the surrounding areas bolstering a healthy commercial real estate market with a projected 100% absorption assumption of the previous 5-year average.

Sincerely,

Lori Judge
Founder/ Broker-in-Charge

* Data provided by Georgia Ports Authority, Savannah Area Board of Realtors, and Co-StarCommercial State of the Market Q1 | Judge CommercialCommercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge CommercialCommercial State of the Market Q1 | Judge CommercialCommercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial

Retail property for sale located at 531 Stephenson Avenue

Dylan Wilson is a fashion and portrait photographer based in Savannah, Georgia. He is available for assignments worldwide.531 Stephenson Avenue | Judge Realty531 Stephenson Avenue | Judge Realty531 Stephenson Avenue | Judge Realty531 Stephenson Avenue | Judge Realty 531 Stephenson Avenue | Judge Realty531 Stephenson Avenue | Judge RealtyDylan Wilson is a fashion and portrait photographer based in Savannah, Georgia. He is available for assignments worldwide.531 Stephenson Avenue | Judge RealtyPhotography: Dylan Wilson

531 Stephenson Avenue, Savannah, GA, 31405
4,949 SF
$1,250,000
Agent: Bobby Vermillion

This Savannah institution, formerly Toucan Cafe, is perfect for an investor or budding entrepreneur looking to open a new restaurant or continue with an already established large client base. The almost 5,000 square foot building comes fully stocked with all of the equipment, plans for a 60 seat outdoor addition, and a large house at the beginning of the property that can be used as a rental space for private events. In the heart of midtown, the location draws clients from many prominent Savannah neighborhoods including Ardsley Park, Habersham Woods, and the Landings, as well as large amounts of lunch traffic from the hospital and Medical Arts area.

Contact Bobby Vermillion today at 912.509.1000 to learn more about this amazing turn-key property or visit Judge Realty at 347 Abercorn Street.

Motive Collective moves to Savannah

Rarely do you meet people who are so wildly passionate about what they do, that even when in their studio, the work seems secondary to their commitment to good design and ethical production standards. Motive Collective is that studio and Ryan and Annie Price are those passionate people. Let there be no mistake, the work is secondary to nothing and no one; however, the pair is so open about their process and commitment to only using the best textile and fair labor that it seems impossible not to mention it first.Motive Collective | Judge ReatltyMotive Collective | Judge Reatlty

Motive Collective started as a production studio, focusing mainly on connecting the dots between designers and consumers- that quickly changed. After seeing the artistic culture and collaborative force that is Savannah, the pair decided it was time to start designing for themselves. First, Ryan delved into design development. “We were about 89% design agency and the rest was just pet projects we did for fun. We worked with larger, national brands helping to develop and expand on their already existing products, but now we’re starting to focus on our own work,” he said. The pair have two new lines, Broke and Instinctive, both in the beginning stages and both using veg-tanned, eco-friendly leathers that they’re extremely excited about.Motive Collective | Judge ReatltyMotive Collective | Judge Reatlty

The husband and wife duo reached out to Casey Howard, Judge Commercial Vice President, to find a space for their studio. “We did our research, read the reviews, and no one had a better response than Judge Realty,” said Ryan. “We had literally just gotten to town and he wanted to put all of this stuff in our house,” laughed Annie. “We called Casey, met at the space, signed the lease, and started unpacking. None of it ever even made it home.”Motive Collective | Judge ReatltyMotive Collective | Judge ReatltyMotive Collective | Judge Reatlty

In the future, the two want to see Motive Collective grow into a large warehouse downtown with a storefront. “We’d love to be able to manufacture all of our own goods locally, ship everything from Savannah, and use local labor to kind of fill the gap between SCAD graduates and local job placement,” said Ryan. “Or anyone really, if you’re good with your hands and like making things then why couldn’t you come in and hand stitch a wallet or help cut patterns. There’s no reason we can’t have a mother of five who wants some quiet time sewing next to an art student who needs to make rent.”Motive Collective | Judge ReatltyMotive Collective | Judge ReatltyFor more information about Motive Collective and their work visit motivecollective.com and to learn more about leasing a space in Savannah contact Casey Howard at Judge Commercial.

Photography: Jon Waits

Find a Killer Commercial Real Estate Broker – And Don’t Even Think About Hiring Your Dad’s Cousin

Casey Howard | Judge Commercial

Written By: Casey Howard

I can’t begin to tell you how many times I’ve seen a business owner spend months wasting time with a commercial real estate broker seeking a property to lease or buy and that broker either doesn’t know the market, doesn’t take the time to research comps, pricing, and traffic counts, or doesn’t understand how to effectively negotiate a strong deal for his Tenant. This ends in frustration for the Tenant over not finding a great location or, even worse, frustration over getting committed to a lease term that wasn’t ideal for the Tenant.  The funny part….7 out of 10 times, the Tenant chose to hire his Dad’s cousin (or take your pick of any other random family member or friend referred to them), who was licensed back in 1984, and is still “doing real estate” 10 hrs/week while he’s up in the mountains fishing the remaining 30 hrs/week.

First consider your needs. Carefully outline the locations, type of building and space that are most suitable, and the maximum rent you will consider. Do you need the space walk-in ready or would you consider an investment into the configuration?

Come prepared with a list of needs versus preferences, and then interview an experienced commercial real estate agent that can provide the support necessary during the entire process. Prospective tenants may be able to run a successful business but know little on how to negotiate the best terms themselves. Locate a reputable commercial real estate agent to avoid typical pitfalls and close the deal on the right property for you.

How Commercial Real Estate Agents Help

Commercial real estate agents are a better option than looking for properties to lease or buy without representation. Why? These agents can negotiate terms on your behalf and any necessary build-out provisions. With representation, investors and businesses can qualify for rebates for build-out costs, get reasonable repair terms and negotiate lease terms for renewal or items that must be updated prior to purchase.

According to an Inc. article, forgoing a commercial real estate agent placed individuals at a disadvantage with potential landlords. Such individuals were seen as easy targets for unscrupulous contracts, and were also not taken seriously as a company. Eventually, the biggest problem is that proposals were either ignored or individuals were given the run around. When time and effort is money, an agent helps companies meet their objectives faster and locks in better terms.

What to Look for in an Agent

Agents and the brokers they serve can be useful tools in finding the space you need at the right price and in a desirable location. At times when commercial real estate properties are few and the marketplace is competitive for the size and location preferred, a commercial real estate agent can help close those deals. A knowledgeable commercial real estate agent should have:

  • Experience in the area of commercial real estate. It may seem like a no-brainer, but it pays to ask. They should have a history of assisting tenants in finding office space and other commercial spaces.
  • Closed deals in your desired area(s). Ask if they have experience in commercial real estate within your preferred area and approximately how many properties they have closed on in that area. They will be aware of current practices and what is commonly available at your price point.
  • Experience representing tenants directly in commercial real estate transactions. Brokers and agents who work directly with tenants bring more focused attention to the process and are more likely to be located in larger communities. If this option is not available, look for those who work for both landlords and tenants.
  • Years working in an established business within your area. Knowledgeable agents can break down the process between landlords and brokers. Real estate agents who have a history of success and are part of a stable company can put the interests of clients first by not rushing negotiations and working toward the best outcome for their clients. Experienced agents have a network of parties that they can turn to for additional services or can share properties that have not yet come to market.

Companies that are considering a commercial real estate agent can first look to other commercial tenants. Word of mouth is a powerful referral system and most companies with a healthy business will be happy to discuss their experience as they also want to build a strong network with other business owners. They can tell you who they recommend, any issues they encountered and what they may have learned in hindsight. Make it easy for yourself by approaching tenants who are within the same industry or niche, so you can assume that their agent is familiar with the types of requests or conditions you may require from a property and landlord or owner.

After creating a short-list of agents, keep in mind any weak points of the agents or brokerage when conducting interviews. Remember, you want a commercial real estate agent who can put your needs and those of your business first during negotiations.