Tag Archives: Commercial Real Estate

325 Tattnall

Judge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, Georgia Judge Realty in Savannah, GeorgiaJudge Realty in Savannah, Georgia Judge Realty in Savannah, GeorgiaJudge Realty in Savannah, Georgia

325 Tattnall Street, Savannah, GA, 31401
OFFICE PROPERTY FOR SALE
$1,590,000
Agent: Bobby Vermillion

Downtown midcentury office building for sale. This 6,000 square foot building spans the block between Tattnall and Jefferson along West Harris Street. Set on 2 floors with a staircase and elevator directly off of the reception area, the current floorplan consists of 15 offices, 4 bathrooms, a large conference room, kitchen, and ample storage areas. The block and steel contrition allow endless possibilities as far as configuration. Easy street parking around building with parking also available in adjacent city garage.

To learn more about this property, or to schedule a viewing, contact Bobby Vermillion today at 912.509.1000 or stop by 347 Abercorn St. Savannah, GA.

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.

 

Retail property for sale located at 6512 White Bluff Road

Judge Commercial in Savannah, GeorgiaJudge Commercial in Savannah, GeorgiaJudge Commercial in Savannah, GeorgiaJudge Commercial in Savannah, GeorgiaJudge Commercial in Savannah, GeorgiaPhotography: Heath Daniel

6512 White Bluff Road
$1,450,000
7,955 Retail SF

Built in 2007, this extremely well constructed and maintained multi­-unit retail/office building has long standing tenants and is situated in a prime location. The building, a three unit two story frame, boasts 5,978 SF first floor retail (occupied by Two Smart Cookies) and the second level contains 1,977 SF of office space (formerly an attorney’s office). The property is zoned PBC, offers 27 parking spaces, and is located on heavily traveled White Bluff Road (34,567 views per day), adjacent to Hunter Army Airfield and blocks from the Oglethorpe Mall. With a net operating income of $117,679.00 there is an 8.12% return on investment.

Contact Casey Howard at 912.661.3215 or stop in at Judge Realty, located at 347 Abercorn Street.

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.

Judge Commercial Welcomes Associate Broker Michael Hardy

Michael Hardy | Judge CommercialPhotography: Dylan Wilson

Judge Commercial is pleased to announce that Michael Hardy has joined its sales team as an Associate Broker. Over the course of ten years, Hardy’s career has spanned multiple markets including the Florida Panhandle, Atlanta, and the Georgia Coast. Ranked as a top associate in each area, Hardy specializes in working with individual and institutional clients in the acquisition and selling of Real Estate Owned (REO’s), commercial and residential developments, as well as conservation easement tracts. Hardy’s experience and expertise contributed to his clients unparalleled success in reaching their investment goals.

After spending the last four years with DeLoach Sotheby’s of St. Simons, Hardy has moved back to Savannah to join the Judge Commercial team.

“Lori and I have collaborated over the years on projects and I’m continually impressed with the impact she and her team are having on Savannah. I’m excited to join them and help contribute to their vision for the future growth of the city,” expressed Hardy.

Hardy consistently provides his clients with innovative brokerage strategies. This plus his sense of urgency and appreciation for details that carry transactions to closings, make him a great asset to the Judge team.

Lori Judge, Founder and Principal Broker of Judge Realty and Judge Commercial mirrors Hardy’s excitement. “Michael is an extremely talented agent and great to work with. We have worked on a few commercial projects over the years. Every time our paths crossed, we discussed real estate trends and market conditions. As he started to become more interested in the real estate opportunities and growth in the Savannah market, we both agreed he needed to join our growing team.”

Hardy is a graduate of Florida State University, an avid surfer, and traveler. He lives in downtown Savannah with his dogs Tess and Winston.

With over $66 million in sales last year, Judge Commercial currently manages over 60 commercial units and has been the leading brokerage company to streamline the major developments on Broughton Street, Liberty Street, and Martin Luther King Jr. Boulevard.

For more information on Judge Commercial or Michael Hardy visit www.judgerealty.com or call 912.236.1000

Office property for sale located at 925 East 37th Street

Office property for sale located at 925 East 37th Street | Savannah, GA | Judge CommercialOffice property for sale located at 925 East 37th Street | Savannah, GA | Judge CommercialOffice property for sale located at 925 East 37th Street | Savannah, GA | Judge CommercialOffice property for sale located at 925 East 37th Street | Savannah, GA | Judge CommercialOffice property for sale located at 925 East 37th Street | Savannah, GA | Judge CommercialOffice property for sale located at 925 East 37th Street | Savannah, GA | Judge CommercialOffice property for sale located at 925 East 37th Street | Savannah, GA | Judge CommercialOffice property for sale located at 925 East 37th Street | Savannah, GA | Judge Commercial Office property for sale located at 925 East 37th Street | Savannah, GA | Judge CommercialOffice property for sale located at 925 East 37th Street | Savannah, GA | Judge Commercial

Downtown property located at 925 East 37th Street in Savannah, Georgia, could serve as a contractor showroom and/or office and warehouse space with room for trucks and service vehicles. This property in the past has provided ample space for a successful Kitchen and Bath business. With almost 4,400 square feet of space and priced at $387,500 this newly listed office/warehouse property won’t last long. Contact Lori Judge today to schedule a viewing! 

Bobby Vermillion joins Judge Commercial

Bobby Vermillion | Judge Commercial Associate Broker

Judge Commercial is pleased to announce that Bobby Vermillion has joined its team as an Associate Broker.

Lori Judge, founder and principal broker of Judge Realty, expressed her excitement over the addition to the team saying, “Bobby has been a friend and neighbor for the past few years. He has an incredible work ethic and great energy. Bobby’s background in hotels, restaurant, retail and residential development is essential in our growing Savannah market. I’m very happy Bobby decided to join our commercial division.”

Bobby Vermillion has been a part of the local real estate community and called Savannah home for the past three years. An enthusiastic believer in the opportunities the city offers to both businesses and individual residents alike, Bobby invested in the purchase and renovation of a circa 1890 Historic District Victorian triplex. “I am excited to be joining the team at Judge Commercial. I believe that they are the most dynamic and forward-thinking full-service agency in town. The fact that they are a locally-owned boutique agency means they are really a part of the Savannah community.”

Bobby attended St Andrew’s University and graduated with a Political Science Bachelor of Arts Degree. During that time, he had the opportunity to visit as well as reside in foreign countries including Zimbabwe, India, and Vietnam. These international travels provided Bobby with a keen understanding of diverse cultures, customs, and architectural styles.

A Williamsburg, VA native, Bobby grew up in a family of dynamic entrepreneurs. From an early age he was able to gain experience and valuable insights into the hotel, restaurant, retail, and residential development business enterprises that his family owned and operated. Currently a resident of the Historic District, Bobby is an active member of the Savannah community with memberships in the The Historic Savannah Foundation, The Telfair Museum, and The Savannah Yacht Club.

Judge Commercial currently manages over 60 commercial units. Acting as the lead brokerage company to streamline the major commercial developments on Broughton Street, Liberty Street and Martin Luther King Jr. Boulevard, Judge Commercial had 2014 closed sales of over $66 million.

For more information on Bobby Vermillion and Judge Commercial services contact 912.236.1000 or visit www.judgerealty.com.

Office Property for Sale – 109 Oglethorpe Professional Court

109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA 109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA 109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA 109 Oglethorpe Professional Court | Judge Realty | Savannah, GAPhotography by Carson Sanders

Judge Commercial is pleased to present this prime Southside professional corner unit office condo. This open, light filled office space, consists of approximately 1,940 square feet and is located at 109 Oglethorpe Professional Court. This condo is in excellent condition and has been recently updated. It features a reception area and waiting room, private offices, 2 restrooms, storage, break room, conference rooms and plenty of parking for your employees, clients and guests. Contact Lori Judge today at 912-236-1000 to learn more! 

The Blake

Selma-Judge-CommercialSelma-Judge-CommercialSelma-Judge-Commercial

On our continued coverage of the developments near Martin Luther King Jr. Boulevard, we’re taking a detailed look into the recent sale of the plot of land off Selma Street and Martin Luther King Jr. Blvd. Rhett and Tyler Mouchet of Judge Commercial announced in late April that the plot had been sold to the development company CampusWorks.

CampusWorks is a nationally recognized developer and builder of student housing apartment communities. With properties all across the Southeast, they are one of the leading development companies in student housing.

Steve Helfrich, vice president of business development for CampusWorks, has confirmed their plans to develop that area into the perfect center where student housing can interact with downtown life.

“We saw an opening in this market for this type of development with a certain demographic being underserved. This is purpose built student housing that will meet the needs and exceed the expectations of the Savannah student population.”

The construction has already begun on the plot with completion scheduled for fall of 2016. This 5 story building will be home to 1-5 bedroom units, and will include amenities like 24-hour security, a pool, fitness center, an art gallery and more.

Much like most of MLK Jr. Blvd, the area has seen quite a bit of transition over the years, “The property was formerly the transportation center for CSX Railroad which played a major part of controlling intersections and scheduling their trains in the Savannah area. Technology made the center ‘outdated’ and the property became the center of vandalism and vagrant occupants.” said Rhett Mouchet, lead broker in the transaction along with his son Tyler.

The incoming facility will be a state-of-the-art student housing with mass and height approved by the Historic Review Board. It is anticipated in a few years that the removal of the overpass will enable the facility to sit on a tree-lined boulevard in the middle of Savannah’s new mixed use commercial district.

Since its founding in 1999, CampusWorks has experienced extensive growth, with a combined student housing portfolio exceeding 13,500 beds in Acquisition, Development & Construction. Additionally CampusWorks has a joint venture ownership interest in over 7,200 student housing beds in 15 university markets in excess of $500 million. They are an ideal candidate to help ensure the success of enriching the area with new life and vibrancy.

With key developments such as this, Savannah and the MLK Corridor have certainly been placed on the map and are headed for a bright and unique future. Look for further details on the design, layout and interiors of the development officially named, The Blake.

Judge Commercial now manages over 60 commercial units and has been the leading brokerage company to streamline the major developments on Broughton Street, Liberty Street and Martin Luther King Jr. Boulevard selling over $66 million last year.

Casey Howard’s Q&A with Glen Nicotra of City Storage

City Storage Savannah Casey HowardCity Storage Savannah Casey HowardCity Storage Savannah Casey HowardCity Storage Savannah Casey HowardCity Storage Casey Howard Judge Commercial City Storage Casey Howard Judge CommercialPhotography: 1, 5 Carson Sanders – 2, 3, 4 City Storage (560 Indian St., Savannah, GA 31401)

CH: Since its inception in 1996, City Storage has driven innovation in the self-storage industry through a thoughtful combination of creative site planning, award-winning architectural design and solid economic operating performance. When they decided to expand their portfolio in to the Savannah market, Casey Howard, with Judge Commercial, was able to help them negotiate a winning location, at 560 Indian Street, to establish their growing business and stage their high-end, urban-style self-storage services.


What made you choose Judge Commercial?

CS: Initially, City Storage came by Judge Commercial by way of their distinguished property signage. However, Judge’s prompt response to our initial inquiry, their thorough property collateral materials, and moreover, their transparent communication led to an easy decision to work directly with Judge Commercial versus our engaging a tenant broker to represent our interest.

Tell us about your business.

CS: City Storage has changed the face of self-storage. For more than a decade, City Storage customers and their communities, and Company investors have benefited from City Storage’s superior customer service, award-winning design, and strong economic operating performance.

Whether you are relocating, remodeling, spring cleaning, or a business customer who needs economical storage space for inventory, merchandise or equipment…City Storage can meet your self-storage requirements.

Our new downtown location at 560 Indian St. (across from the Fahm St. Post Office) will be opening Summer 2015.

What was prompting your search for a new location?

CS: In short, geographic diversity prompted City Storage to search for locations throughout the Southeast and Mid-Atlantic regions. City Storage is pleased that Savannah, GA proved to be a viable market for our full-service climate controlled self-storage product and service.

Three words to describe Casey Howard…

CS: Candidly, narrowing to only three words describing Casey Howard of Judge Commercial is too restrictive for the reader to appreciate her true value-add to the real estate transaction. However, following this constraint and in no particular order; complete market and product knowledge, intense drive toward a mutually rewarding transaction between all parties, and an absolute pleasure with whom to work.

From beginning of your search to signing of a lease how did we do?

CS: Casey and her Judge Commercial team stayed on-point from our initial property inquiry to well after the lease was signed. And as one familiar with the transaction would appreciate, several critical lease term hurdles followed the lease date.

Advice for others leasing commercial properties?

CS: The most experienced real estate professional always appreciates the value of professional local market and product knowledge. So as did City Storage in Savannah, one would be well advised to work with the best in the market.

What was your overall experience working with Judge Commercial?

CS: Suffice it to say City Storage is pleased to continue its working relationship with Casey Howard and Judge Commercial.

 

Contact City Storage, LLC:

Glen Nicotra, Managing Partner

770-846-9356

gnicotra@city-storage.com

www.city-storage.com