July 25, 2014 UBJ by Community Journals

Frustrated By Unethical Payment Processing Practices? Make it better. Bait-and-switch tactics have tarnished the

industry’s customer satisfaction reputation. You may think there’s no integrity in credit card

payment processing, but Tandem just earned the

BBB award for “Integrity in Marketplace Ethics.”

There is a company pushing for the best practices.

Don’t you deserve the best?

Tandem Innovative Payment Solutions 728 N Pleasantburg Dr, Greenville, SC 29607 (864) 672-1570 www.tandempayment.com Tandem is a registered ISO/MSP of Chase Paymentech Solutions, LLC

UBJ UP FRONT

Reporter Sherry Jackson signs the last beam to go in place at the RiversEDGE development during the topping-out ceremony.

www.crewupstate.org

July 25, 2014 2014 CREW Sponsors_UBJ Ad_.25page_070914_bk.indd 1

GOLD

IN KIND

Photos by Greg Beckner

SILVER

Yeah, that’s me signing the top beam at the new RiversEDGE project on a very hot and humid day last month. The new mixed-use development by Hughes Investments is scheduled to have 200 apartments, a restaurant from High Street Hospitality (The Green Room, Ford’s Oyster House and Sip), additional retail and a hotel once it’s completed. Of all my beats I cover for the Upstate Business Journal and Greenville Journal, real estate is my favorite. I get insight into the newest projects and am able to talk to some of the most brilliant people in the field, and for that I feel very fortunate. The building renaissance happening here in Greenville is nothing short of amazing. Around every corner, along every busy street, construction workers are wielding hammers and saws. There is so much new development happening right now across the Upstate that sometimes it’s hard to keep up, and I couldn’t do it without you all.

The tips that I get either through casual conversations or those of you who pick up the phone or send me an email are invaluable, and I wanted to take a minute to let you know they are very much welcomed and appreciated. I also want to give a shoutout to my fellow CREW members. CREW, Commercial Real Estate Women, is an awesome organization of women in the commercial real estate industry. Members consist of not just commercial real estate brokers, but also those who support the industry, such as interior design, banking and mortgage professionals, lawyers and many more. And it’s not just for women; men are welcome, too. The camaraderie, welcome and assistance that I’ve received from this group has been outstanding. It’s going to be a busy fall, as you can see when you read this week’s cover story. So drop me a line at sjackson@communityjournals.com, follow me on Twitter at @SJackson_CJ or give me a call at 864-6791208 and let me know what you’re up to.

MARBLE

sjackson@communityjournals.com

PLATINUM

SHERRY JACKSON | STAFF

Thank You

Covering the building renaissance

GRANITE

FAMILY DOLLAR STORES WILL BE CLOSING four Upstate locations in Traveler’s Rest, Lyman, Prosperity and Greer. However, construction has already begun on a new Family Dollar store on Easley Bridge Road in Greenville.

2014 CREW Upstate Sponsors

UPSTATE BUSINESS JOURNAL

7/21/2014 2:05:08 PM

Volume 3, Issue 30

July 25, 2014

Top-of-mind and in the mix this week

WORTH REPEATING “The Upstate’s greatest asset is its location on the map.” Page 6

“Not everyone needs a four-year degree to be considered successful. It is a stereotype we are constantly working against.”

“The world of science is far too big for any organization to staff enough experts to lead developments in a single field, let alone all scientific fields.”

Page 9

Page 14

CORRECTION: A TBA item in the July 18 UBJ incorrectly reported that Bevello, a woman’s fashion boutique, planned to open a location at 124 N. Main St. in downtown Greenville. That incorrect address was published on Bevello’s website. The actual future location for Bevello is across the street, at 123 N. Main St. The Spice & Tea Exchange has been and remains open for business at 124 N. Main St. UBJ regrets the error and any difficulties it may have caused The Spice & Tea Exchange.

TBA Word is NCG Cinemas is opening its first movie theater in South Carolina at the Hillcrest Shopping Center in Spartanburg… Look for Golden Chick, a fast-casual restaurant specializing in chicken tenders, to open a second Greenville location soon on South Pleasantburg Road. It first opened in May on Pelham… A new Cook Out is coming to Woodruff Road at the corner of Butler Road. Opening day will be sometime in September…

UPSTATE BUSINESS JOURNAL

July 25, 2014

VERBATIM

On a small city on the rise… “Why We Love It: New development will never overrun this emerging downtown. At its heart is a 40-acre park with a 350-foot suspension bridge that spans a gorgeous waterfall.” SmarterTravel, naming Greenville one of America’s Best Small Cities on the Rise. Read the article at bit.ly/ smarter-travel.

Photo by Greg Beckner/Staff

MONEY SHOT: Work continues on the Beach Company’s South Ridge development on Church Street and University Ridge in Greenville. One of many building projects in the downtown area, the apartments and retail space are scheduled to be complete by early 2016. Read more on page 16.

Take your next event to a higher level and host it at the Commerce Club • Breakfast meetings • Training seminars • Client Luncheons • All Day Meetings • Company Happy Hours • Corporate Dinners • Award Banquets • Client Appreciation Parties • Non-Profit Organization Events • Charitable Organization Events • Investment Presentations

MEMBERS AND THE PUBLIC ARE INVITED TO HOST EVENTS.

To host your event at the Commerce Club, please contact:

Crystal Moorhouse 864.232.5600, Ext. 202 crystal.moorhouse@ourclub.com July 25, 2014

UPSTATE BUSINESS JOURNAL

UBJ APPAREL

EMERGENCY

POWER

FOR YOUR

BUSINESS

Automatic Standby Generators • Professionally Installed • Around-the-Clock Service

A subsidiary of Blue Ridge Electric Co-op

888-407-7233 blueridgegenerators.com

UPSTATE BUSINESS JOURNAL

July 25, 2014

Greenville on Under Armour’s short list for $80M center JOE TOPPE | STAFF

jtoppe@communityjournals.com

Greenville could be the home of a sports apparel company’s new 2 million-square-foot distribution center, according to articles published by the Nashville Business Journal and the Atlanta Business Chronicle. Under Armour Inc. is considering three regional cities for the possible $80 million project, including Atlanta, Nashville and Greenville. If the project should end up in Tennessee, it could rival Amazon as the state’s largest, reported the Atlanta Business Chronicle. The Nashville Business Journal reported Under Armour’s site selection process was codenamed “Project Fast Break” and highlighted that real estate brokers viewed Wilson County, Tenn., as the fastest-growing place for industrial development in the region, given the presence of both Interstate 40 and State Route 840. Atlanta has become a front-runner for the project due to its role as a logistics hub in the region, existing infrastructure, airport and close proximity to ports, reported the Atlanta Business Chronicle. From a geographic standpoint, Greenville provides an ideal location for Under Armour’s distribution center, said John Staunton, industrial broker at NAI Earl Furman. The state offers a variety of tax incentives to incoming businesses from a state and local level, he said. “Essentially, the Upstate’s greatest asset is its location on the map, infrastructure, di-

versified economy, trainable workforce and access to the Inland Port.” Staunton said facility requirements for such a project would break down to particulars such as ceiling height of the building, fire protection, building entry, signage, location, timing and budget. Building considerations would also include the company’s possible needs in lab space, showroom space and office space, he said. Depending on the distribution needs of the company, large distribution centers can exceed 1 million square feet. As reported by the Baltimore Business Journal, Under Armour’s distribution center would open as the company looks to expand its retail presence along the East Coast. Over the first quarter of 2014, Under Armour reported a 38 percent increase in net revenues to $642 million, compared to the $472 million reported during the first quarter of 2013. The company’s latest expansion included new retail space in Panama City, Panama.

UBJ MANUFACTURING

Mohawk announces $10M Spartanburg County investment Floor manufacturer plans to upgrade equipment, add 20 new jobs

JOE TOPPE | STAFF

jtoppe@communityjournals.com

gelow from Fieldcrest Cannon. Today, the Landrum team is part of Mohawk’s global workforce of more than 31,000, with around 1,150 employees in South Carolina at manufacturing sites in Landrum and Bennettsville as well as a distribution center in Orangeburg. The partnership between Mohawk Industries and Spartanburg County spans more than 60 years, said David

Britt, chairman of the Economic Recruitment Committee of Spartanburg County Council. The company has an average tenure of 15 years, he said. “We welcome the opportunities the next 60 years will present.” With operations in Australia, Brazil, Canada, China, Europe, India, Malaysia, Mexico, Russia and the United States, Mohawk has grown its business profile into a global manufacturer over the last decade. Currently, the flooring company produces carpet, carpet cushion, rugs, ceramic tile, and laminate and hardwood flooring, and expects to begin hiring for the new positions once the first phase of the upgrade is completed.

A.T. LOCKE has a team of experts ready to help with your ﬁnancial or accounting needs. From bookkeeping to cash management to reporting, we can provide valuable insight to help grow your business. We’re thorough, timely and ready to help.

Business is good. The phone is ringing. So where is all the cash? This is what we do. 864.908.3062 • atlocke.com Reporting | Analysis | Forecasting

14ATL 7988C

PHOTO PROVIDED BY CONSUMERREPORTS.COM

To support future business growth, Mohawk Flooring, the world’s largest flooring company, is investing $10 million over the next decade in its Spartanburg County carpeting facility. The upgrade is expected to add 20 new jobs to the facility’s existing 160 positions, while improving both the looms and technology. By modernizing the looms at the Landrum facility, the company can update the styling of the carpet produced and help the company maintain its position in the marketplace, said Miles Wright, vice president of commercial manufacturing for Mohawk Flooring.

Based in Calhoun, Ga., Mohawk Industries operates two manufacturing facilities in South Carolina, including the Landrum plant in Spartanburg County as well as a facility in Bennettsville in Marlboro County. The 340,000-square-foot Landrum facility produces high-end, woven contract commercial carpeting for both domestic and international customers. The plant also manufactures aviation carpet for both domestic and international airlines. The Sanford-Bigelow carpet company built the Landrum facility in 1953 and maintained operations there until Fieldcrest Cannon acquired the company in 1986 and merged with its Karastan division. In 1993, Mohawk acquired Karastan-Bi-

July 25, 2014

UPSTATE BUSINESS JOURNAL

UBJ LEGISLATION The Greenville Chamber Congratulates our July 2014 Small Business of the Month!

New federal legislation could boost Upstate manufacturing What the Workforce Innovation and Opportunity Act means for regional industry

“With a big focus on growing our ‘backyard business,’ the Greenville Chamber was the best and most logical place for us to start. We’ve concentrated our branding efforts and local outreach most recently through sponsoring Business Before Hours and New Member Orientation. Through these venues, we have built several new relationships.” -Reed Wilson, Founder and President of PTG

Small Business of the Month Award Presentation to Talent Management Solutions: Chamber President/CEO Ben Haskew, Chamber Board Chair Tim Reed, Award Committee Representative Debbie Nelson/DNA Creative Communications, Talent Management Solutions founder David C. Mitchell, and Ken Pelanda, Charter Business/Award Sponsor.

JOE TOPPE | STAFF

jtoppe@communityjournals.com Tailored to meet regional employment needs and support access to real-world education, the Workforce Innovation and Opportunity Act (WIOA) could mean a boost for the Upstate’s manufacturing industry by improving the indigenous workforce.

HIGHLIGHTS OF THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (H.R. 803): • Eliminates 15 existing job training programs. • Applies one set of accountability metrics to every federal workforce program.

Palmetto Technology Group team members were presented with the Small Business of the Month Award by Greenville Chamber leaders at the July 2014 Board of Directors meeting.

Palmetto Technology Group (PTG) is an IT support company and business strategist focused on Microsoft solutions, such as Office 365, Microsoft SharePoint, Lync, and others. As an industry expert for Microsoft solutions, PTG has migrated thousands of users to Office 365 in Greenville as well as across the country. PTG has been recognized by Microsoft as a Top Microsoft Partner for the Southeast for several consecutive years and is part of the elite Microsoft Cloud Champions Club. Learn more at www.palmettotg.com. Impressed by a local small business? Nominate them for the Greenville Chamber’s Small Business of the Month Award at www.GreenvilleChamber.org.

• Requires states to produce one strategic plan describing how they will provide training, employment services, adult education and vocational rehabilitation through a coordinated, comprehensive system. • Reduces the number of required members on state and local workforce boards. • Strengthens alignment between local workforce areas, labor markets and economic development regions. • Strengthens evaluation and data reporting requirements. Source: Washington State Workforce Training and Education Coordinating Board

UPSTATE BUSINESS JOURNAL

July 25, 2014

The bill won overwhelming bipartisan support in both the U.S. House and Senate and is now on its way to the president’s desk for signature. The bill is a welcomed step in the right direction to matching the available workforce of a community with the needs of manufacturers, said Nat Banks, director of sales for Human Technologies Inc. Currently, individual workers are available in some areas, but the skill sets and understanding of what it takes to be successful in manufacturing are not, Banks said. “I hope that part of the process involves indepth discussion with manufacturing employers, manufacturing-focused recruiters, and technical schools to best understand the types of training that are needed.” WIOA is expected to create a streamlined workforce development system by eliminating 15 existing programs, applying a single set of outcome metrics to every federal workforce program under the act, creating smaller and more strategic state and local workforce development boards, and allowing local areas to better meet the unique needs of individuals, according to help.senate. gov. A recent article by The State newspaper reported that of the 4.6 million job openings available nationwide, 292,000 were in manufacturing. Banks said skilled hourly positions are readily available in manufacturing settings throughout the Upstate, and the bill could help local industry meet those staffing demands. The positions include machinists and mechanical and electrical maintenance technicians, she said. The technical schools are doing their >>

Stay in the know with UBJ’s free weekly email.

UBJ LEGISLATION >> best to keep pace but “our manufacturing community is booming.” Cynthia Eason, vice president for corporate and economic development at Greenville Technical College, said the school was happy to see legislation of this type move forward. Funds that help employers establish apprenticeships and other customized training programs create a pathway for employees to help companies grow, she said. WIOA reportedly intends to improve the labor market relevance of workforce investment, education and economic development efforts to provide America’s workers with the skills and credentials necessary to secure and advance in employment with family-sustaining wages. Banks said Upstate manufacturing positions pay well, and both students and parents need to be educated on the opportunities and compensation available in these disciplines.

“Not everyone needs a four-year degree to be considered successful,” she said. “It is a stereotype that we are consistently working against.” Additionally, there are many cases where entry-level, non-skilled positions are available, but applicants have no training or understanding of the process. The new law is also designed to help adults become literate and obtain the knowledge and skills necessary for employment and economic self-sufficiency. Banks said some job applicants have no understanding of how to dress for an interview, how to answer basic work history questions, what it means to clock in on time, or the demands and benefits of working a different shift. “These basic workforce entry skills would be beneficial to both applicants and employers,” she said.

THE INBOX Stay in the know with UBJ’s free weekly email.

July 25, 2014

UPSTATE BUSINESS JOURNAL

UBJ EMPLOYMENT

Unemployment rate holds steady at 5.3% in June Job force participation remains near 57%

May, the labor force declined by 217 people to 2,165,711. The job force participation rate

JOE TOPPE | STAFF

jtoppe@communityjournals.com South

Carolina’s

seasonally adjusted unemployment rate held firm at 5.3 percent in June and has remained unchanged since April, according to a recent report issued by the South Carolina Department of Employment and Workforce. Statewide, more than 115,000 people were unemployed during June, an increase of 630 people, while the number of employed decreased by 847 people, totaling 2,050,128. Since

remained a mere 57.8 percent in June after holding steady at 57.9 percent during February, March and April.

STATEWIDE TOTAL NONFARM EMPLOYMENT BY INDUSTRY, SEASONALLY ADJUSTED INDUSTRY JUNE 2014 MAY 2014 JUNE 2013

Nationally, the unemployment rate improved to 6.1 percent during June from May’s 6.3 percent. >> Source: SC Department of Employment and Workforce

MAY 2014 – JUNE 2014 # CHANGE % CHANGE

CONSTRUCTION 80,700 81,300 79,200 -600 -0.74% 1,500 1.86% MANUFACTURING 232,000 231,700 224,200 300 0.13% 7,800 3.36% TRADE, TRANSPORTATION, UTILITIES 366,900 368,400 361,700 -1,500 -0.41% 5,200 1.42% INFORMATION 26,800 26,600 26,200 200 0.75% 600 2.24% FINANCIAL ACTIVITIES 93,800 94,200 95,300 -400 -0.43% -1,500 -1.60% PROFESSIONAL & BUSINESS SERVICES 250,800 248,100 239,400 2,700 1.08% 11,400 4,55% EDUCATION & HEALTH SERVICES 224,200 222,600 222,700 1,600 0.69% 8,100 3.51% OTHER SERVICES 70,700 69,700 70,800 1,000 1.41% -100 -0.14% GOVERNMENT 352,600 353,200 350,300 -600 -0.17% 2,300 0.65% TOTAL NONFARM EMPLOYMENT

INITIATE PRECONSTRUCTION CONSTRUCTION MAINTENANCE

1,933,100 1.928,700 1,890,600 4,400

0.23%

A Mavin will carefully and systematically orchestrate all the moving parts of the construction phase of your project; focusing on safety, quality and schedule.

MAVIN DEFINED mavin 1. a trusted expert in a particular field, who seeks to pass knowledge on to others. 2. adept, hotshot, superstar, virtuoso, wiz, sensation, ace, genius, champion. 10

JUNE 2013 – JUNE 2014 # CHANGE % CHANGE

UPSTATE BUSINESS JOURNAL

July 25, 2014

42,500 2.20%

Tailored

UBJ EMPLOYMENT >> Although there has been no change in South Carolina’s unemployment rate in recent months and the labor force has lost nearly 21,000 over the last year, the Palmetto State’s unemployment rate has improved by 2.5 percentage points since June 2013, as more than 35,000 people have found work. Clemson economist Bruce Yandle said South Carolina has experienced a positive monthly growth rate in unemployment since 2009, but at a lower rate than before the recession. From June 2013 to June 2014, total employment increased 1.7 percent, the largest increase since 2009, he said. Prior to the recession, “we were seeing growth rates a bit larger than 2.0 percent.” In June, total nonfarm employment gained 4,400 seasonally adjusted jobs throughout South Carolina to reach 1,933,100. The Greenville MSA has lost 1,400

by the Purveyors of Classic American Style

“To Top It Off ”… Hat Etiquette for Men Inspiration having come from famous personalities, old movies and the “Mad Men” TV show, hats are making a comeback in the fashion industry. And for the middle aged man, the awareness of skin cancer has prompted many to start wearing hats. In the 1930’s, ‘40’s and 1950’s, a man was not fully dressed unless he was wearing a hat. Some say that President John F. Kennedy, when he refused to wear a top hat to his inauguration, started the decline of wearing hats.

seasonally adjusted jobs throughout June; the Spartanburg MSA lost 100, while the Anderson MSA added 100. Since the same month last year, the Greenville MSA has gained 6,900 seasonally adjusted jobs, followed by the Spartanburg MSA’s 2,800 and the Anderson MSA’s 2,200. Through data not seasonally adjusted, every county in the state but York and Aiken experienced a rise in its unemployment rate during June.

Now, it seems to be commonplace to go to a restaurant and see men and boys wearing their hats indoors at the table. There has been a generation of men whose fathers did not wear hats and did not pass down hat-wearing etiquette to their sons. Many men just don’t know what to do with their hats. So they just make up their own rules. They seem to wear their hats wherever and whenever they wish. To help shine some lights on this quandary of what to do, here are some guidelines for wearing hats according to EmilyPost.com. Hats can be left on outdoors, at athletic events (indoors or out), on public transportation, in public buildings such as post offices, airports, hotel and office lobbies and on elevators. Men should take hats off (including baseball caps) in someone’s home; at meal times, at the table; while being introduced (indoors or outside); in a house of worship, unless a hat or head covering is required; indoors at work (unless it is required for the job); in public buildings such as a school, library, courthouse or city hall; in restaurants and coffee shops; in a movie or indoor performance; when the National Anthem is played; and when the flag of the United States passes by as in a parade. These rules apply to women as well when they are wearing baseball-style (unisex) caps. Following these rules of wearing a hat will assure that you show proper respect of others, your surroundings and yourself.

Open Mon.-Sat. 9:30am - 5:30pm Wed. 9:30am - 1:00pm

www.MAVINCONSTRUCTION.com

July 25, 2014

UPSTATE BUSINESS JOURNAL

J74

23 West North Street, Greenville, SC 29601 864.232.2761 | www.rushwilson.com

UBJ MANUFACTURING

Proterra sells first second-generation EV bus JOE TOPPE | STAFF

jtoppe@communityjournals.com Proterra Inc., an electric bus manufacturer based in Greenville, has announced the first sale of its second-generation EV bus to the company’s original customer on the West Coast. Foothill Transit of West Covina, Calif., became Proterra’s first customer in the U.S. to operate EV buses in revenue service in 2010. Proterra’s buses are a much-needed innovative step in the region, said Doug Tessitor, chairman of the Foothill Transit Executive Board. “These vehicles are part of our commitment to sustainability and clean air, and we want our communities and neighbors to be proud of their public

transit system,” he said. “These new buses will debut here first, and we’re very excited to see them on the road.” Foothill Transit, now in its 25th year of service in Los Angeles County, serves over 14 million customers on 36 fixed-route bus lines each year in the San Gabriel and Pomona Valleys. Its 315-bus fleet covers over 300 square miles and includes express routes into Downtown Los Angeles and Pasadena. Many of Proterra’s customers have chosen to buy additional buses, said Proterra CEO Ryan Popple. Repeat customers are the best endorsement for the company and its technology, he said. Expected delivery of the new 40-foot electric buses is set for December 2014.

UPSTATE BUSINESS JOURNAL

July 25, 2014

➤ BY THE NUMBERS Proterra currently has buses in nine different transit agencies located around the country including: 2 in California and 1 in each of the following states: Nevada, Texas, Kentucky, Tennessee, Massachusetts, Florida and South Carolina

2 Proterra buses in transit agencies 1 Proterra bus in transit agencies

UBJ RESTAURANTS

Full of beans

Partners brew up downtown buzz with plans for Methodical Coffee SHERRY JACKSON | STAFF

sjackson@communityjournals.com Coffee aficionados will soon have a new place to get their fix when Methodical Coffee opens in October at the Bank of America building in downtown Greenville. Will Shurtz, a certified Barista Guild of America (BGA) barista who currently runs Vagabond Barista, a traveling artisan coffee bar, will operate the new venture along with partners Marco Suarez and David Baker. Vagabond Barista will be folded into Methodical Coffee, which will offer the same type of mobile coffee service to customers. The coffee bar isn’t going to be like the typical chain, Suarez said. “In the

coffee business, there are different waves of coffee shops. Methodical is in the third wave.” Methodical Coffee will treat coffee as “more of a specialty” drink, he said. “It will be more about the flavors and notes – like wine, craft beers and small batch whiskeys.” Once open, Suarez plans to host “cupping nights” to teach people how to taste and drink coffee as well as provide a sampling of different coffees from around the world. Coffee, espressos, cappuccinos and Prohibition cocktails – coffee and tea-based cocktails with no alcohol – will be on the menu. Methodical Coffee will have different roasters from around the world, including a new local roaster in Greenville the partners are not quite

ready to announce. Pastries and some hot food items will come from a local pastry chef. They are planning to create “something that isn’t typical and that pushes the palate of Greenville, but not too far,” Suarez said. Inside the new shop, customers will be treated to a “1920s cocktail lounge vibe without the alcohol,” he said. Customers can expect the requisite table and chairs but no sofas. Photo Provided

Instead, they’ll find a large coffee bar and community table for large groups and tastings. “We’re going for humble sophistication,” he said. An outdoor mezzanine area will provide additional seating, and the trio also plans to occasionally turn the space into a pop-up-shop area to bring in complementary businesses such as menswear or art. “We want to celebrate the craft of things and the skills the people have and the people themselves,” he said. The new coffee bar is the brainchild of Shurtz, a passionate coffee lover, who started discussing the concept with his friend, Suarez. As the ideas kept percolating, the pair brought in Baker and “everything just fell into place,” said Suarez.

Premier Sponsors

2014

Ten CounT ies, o ne FuTure Engage and collaborate with key community and business leaders, elected government officials, and colleagues during the 2014 Upstate Regional Summit.

Keynote Sponsor

Luncheon Sponsor The Daniel-Mickel

FounDaTion

T u e s d ay, s e p T e m b e r 1 6 8:30 am – 1:30 pm | Td ConvenTion CenTer

Event Partners

To purchase tickets, visit www.tenatthetop.org or for general information and table purchases, call (864) 546-4782. .

. .

. . . . .

. .

. . . .

. .

g appreciation, we are offering a super deal on subscriptions during the month of February. Thank you!

. . . .

ficials on life- p 85 werer thoroughfares reported. mostly clear, such as secondaryIn-

house aid. Fire y more aid. “There’s “They Chief Goucher-White there didDepartment Jimmy were no telling assisted PlainsLamb oflike that.” the hicles with said his Volunteer Even that 20 minordepartment Fire had ing as of become collisions likely slick Thursday tograph spots Ford afternoon, is on lieved Road the resultsome Page in which of shaded some to have 5A immediately a roads local taken been a JeepWednesday emergency in Cherokee available. to Novant a factor, Wrangler PAGE afternoon 4A officials Health The although overturned. County. driver, accident OBITUARIES were Gaffney who a full Weather on Pictured still Medical was report reporta shaded immobilized from conditions in this Center FERNANDERS, the portionphoHighway for were on PAGE treatment. SMITH, a spine Patrol be- of 8A Tessie, Susie, 81, (Ledger board, wasn’t WALL, Flint, 98, was photo Gaffney Mich. Carolyn,

stuck PERSPECTIVESee WRECKS, on theor ve-

My universal complaint

THE C

GAFFNEY B

THE

ter is with and the short wintweenlong nights days March. now and beI guess trick winterto surviving the weather

is managing LEDGER— See SCOTT POWELL’S it in stages. PUBLICATI Column

GAFFNEY

LEDGER

— SERVING

ONS

WILLIAMSON,

ARE

CHEROKEE

79,

Flora,

SINCE

/ TIM GULLA)

Gaffney 82,

DISTRIBUT

COUNTY

San

Diego

ED TO

1894

1.) I KNOW for economic that I 2.) I KNOW successmust be achievable highly and unity. that educated by me, being high quality highly my of family educated life. and my is comm-

23,838

/ VOLUME

120

HOUSEHOL

NO.

149

DS Y

120 YEARS 2014

864.489.1131 1894

Join the conversation: #TaTTsummit

July 25, 2014

UPSTATE BUSINESS JOURNAL

By BLAINE CHILDRESS, Open Innovation Leader, Sealed Air Corporation

INNOVATE Movers, shakers and disruptors shaping our future

Look outside your company walls for your next big idea Open Innovation is an exercise in directed serendipity that can help you compete Big ideas fuel innovation, and innovation is the currency of competitive advantage. So, where will your next big idea be found? Will it be just down the stairway in your lab, or instead half a world away in a garage or at a small university spinoff? The market is waiting. Will your team commercialize the big idea in time? R&D budgets are being squeezed, while science and technology are advancing so rapidly, your team cannot keep up with the pace of developments. Face it: The world of science is far too big for any organization to staff enough experts to lead developments in a single field, let alone all scientific fields. Ideas are being exchanged at the speed of light using technology intermediaries and through Internet-based forums. If you are going to compete on the world stage, you must fill skill and technology gaps. In short, you need Open Innovation (OI). The premise of open innovation is simple: Talent is a global resource, not something secured within existing company walls. Today’s worldclass innovators use external partners

to supplement internal resources. There are two leading types of open innovation programs: monetary reward-driven contests such as promoted by InnoCentive, and technology challenge-centered “Requests for Solution” provided by NineSigma. Either firm operates using global solver communities having between 100,000 to 2 million active participants. These technology brokers, or intermediaries, operate across geographies, somewhat like a realty network. The intermediary helps craft the technology need in broad language so as to obtain the most useful response, while reducing the level of “noise,” then applies key wording to target specific members of its vast expert community. Careful massaging and images permit your interest to be understood by practitioners in different fields of practice and cultures. With physical offices in the leading technology centers around the world, the intermediary includes translation service and “boots on the ground” with its listing fees. OI is not manufacturing outsourc-

Open Innovation within Product/Process Development Research

• Strategy

Company Network

Development In-Licensing & Partnerships

Commercialization

Outside Company

• Market Analysis

Core Markets

• Ideation • Scouting

Spin Outs New Markets

Out-Licensing

Illustration Provided

UPSTATE BUSINESS JOURNAL

July 25, 2014

If you are going to compete on the world stage, you must fill skill and technology gaps. In short, you need Open Innovation. ing, or acquisition of new facilities. It is always grounded in partnership. Working with external partners extends one’s technical reach with geographical presence, market understanding or brand recognition, and helps refresh one’s existing team with new materials, technical skills and manufacturing know-how. Those missing value components would require precious time and money to develop on your own. Each partner can vastly improve individual value by permitting a new opportunity to reach the consumer while the time window for success is still open. By cooperating with university labs, research institutions, small entities and suppliers, companies can provide the innovation faster and with lower risk. After all, the consumer does not care where the idea came from; they just want to buy it. So a “not invented here” mentality is no longer valid in today’s fast-moving global economy. The use of external problem-solvers is a powerful and economically attractive means of advancing your technology. The process permits you to collaborate with experts, small entities and startups that you could never know about. These firms are nimble, very excited about their developments, and eager to work tirelessly to make the opportunity succeed. While staffed by well-edu-

cated, highly skilled and motivated technology experts, external partners are often less encumbered by the same fixed costs of your state-of-theart R&D center, leading to lower development costs. The Open Innovation process does require a shift in culture. The rule of thumb is to focus your local talent on core value and use external talent to provide the other needs of any development. As one leader from GM recently put it, “We sell Corvettes. It makes no sense tasking our R&D people with developing the best shock absorbers. Our business is assembling the best car.” When starting an OI program, some researchers may initially resist the shift of focus, fearing some outsourcing strategy is going to replace their jobs. However, once a list of new technologies is presented from the scouting program, they become excited by the new technology tools, and often work with gusto to apply new methods toward long-standing problems. One may not receive the expected answer to a posted question. But the new technology will often spur someone in your organization to invent something else. Serendipity is the hidden bonus value of OI. Placing new technologies on your team’s desktop leads to new, unexpected answers. It permits companies to accelerate product development, expand opportunities in the marketplace and drive revenues. So, be extraordinary. Set aside what was “impossible,” and make a place for a new technology partner. If you approach OI partnerships appropriately, and look for the unexpected, great things will happen that will keep you on the leading edge.

By LAURA HAIGHT, president, portfoliosc.com

DIGITAL MAVEN The technical side of business

My 5 must-have, go-to apps Make your mobile device a tool, not a toy I have 235 apps on my iPad – a fact I find shocking because I only use about 20 of them regularly. The beauty of mobile computing is the ability to have small, situational apps that do one thing really well. You realize you need a digital recorder for a meeting and you download iTalk while you’re walking through the parking lot. We all have a lot of those. But then there are the go-to apps you use all the time that make your mobile device a tool, not a toy. To make my list, an app has to have three things: best-in-class functionality that is steadily developing, integrations with other top apps and the ability to let me work wherever I am on whatever device I have in front of me. I’d love to hear what yours are, but here’s my list (counting down):

5. Trello.

There are as many different ways to use this organizational tool as there are people using it. Build out stacks that represent steps in a project, then layer in cards for assignments or tasks. Drag and drop cards to new stacks as steps progress. Make assignments to team members and email-enable your updates. Add checklists and visual labels along with

integrations with Google Apps, Dropbox, Box, OneDrive. It’s simple, elegant, full-featured and free. What more can you ask? (trello.com)

4. Doodle. Scheduling meetings

is a tremendous time-waster, no matter who does it. Some studies suggest that it takes as many as seven emails to schedule a meeting of more than two people. Doodle changes the dynamic. With your calendar and contacts connection, you propose meeting times to attendees. Your tentative times sync back to your main calendar so you don’t accidentally double-book while waiting for them to respond. Attendees see everyone’s availability, and you can set reminders for those whose responses lag. There’s also a “meet me” page that lets people who want to meet with you see your free/busy time and propose possible meeting times around it. Nope, not free though. It is $39 per year. (doodle. com)

3. Hootsuite.

There are a lot of social media aggregators and many offer more than Hootsuite, but unless you are a marketing agency you probably don’t need more. For the rest of us who just want to stay on top of social media for our businesses

without making a daily project out of it, Hootsuite serves. It’s not just posting; you can get analytic reports to see click rates on your posts, view your posts in a dragand-drop calendar, and track what your clients, customers or followers are talking about with customizable streams. Free? You bet, at least for those posting for your own business. If marketing is your game and you post for multiple clients, you’ll need an $8.99 per person per month account. (hootsuite.com)

2. Last Pass.

For years I warned against these kinds of programs, but now I’m convinced you just can’t live without them. The key is finding one with the strongest security and the greatest commitment to overall Internet security, coupled with ease of use for you. I’ve used 1 Password and Robo Form as well as a couple of lesser-known iterations, but Last Pass wins hands down. If you had Last Pass during the Heartbleed incident you knew which of the sites you use were exposed, and when they were updated. You can run a security check on your passwords to tell you how protected you are, and your reports will tell you specifically

1. Evernote.

I should have a buck for everyone I meet who says they hear great things about Evernote but they just don’t understand it. This is a shame, since it is an incredible program. Have an article on a webpage you want to save? Check. How about an email with info you want to archive? Check. Handwritten notes from a conversation you want to be able to search? Got it. In short, anything you want to save, no matter the source, can be tagged for easy searching and saved in Evernote using integrations from Web browser plugins to email uploads. Optical character recognition makes handwritten notes searchable and useful. You can also take photos and save them as business cards, documents or Post-it notes. Finally, you can share files or even entire notebooks with anyone – whether they have Evernote or not. The productivity gains are worth the time you put in to finding out how to make this work for you. Storage is plentiful and a premium account is $40 per year. (evernote.com)

Local Ownership, Global Reach

Commercial Real Estate Services, Worldwide.

naiearlefurman.com

what passwords need to be changed. They care; it shows. Free. (lastpass. com)

Invested in the Upstate community. July 25, 2014

864.232.9040

UPSTATE BUSINESS JOURNAL

Ave Arli ngto n

ar St Dunb

S St

±2

Var dr y

15 Aug

Haynie

144,708

How

e St

$49,599

28,848

60,053

Now Preleasing: N ew M ixe d Use D evelopment | A Project Name: South Ridge CBRE.COM/SOUTHRIDGEGREENVILLE Address: Church Street and University Ridge Developer: The Beach Company

e St

Ridge

How

Project Name: ONE Laurens/Aloft Hotel Address: 1 N. Laurens St. Developer: Hughes Development, McKibbon Hotel Group Projected start/completion date: Estimated completion fall 2015. Units: 144 guest rooms, 20,000 square feet of additional office/retail space and 474 parking

UPSTATE BUSINESS JOURNAL

University

FOR MORE INFORMATION PLEASE CONTACT:

SHELBY DODSON, LEED AP Associate | Ofce Brokerage Services +1 864 527 6022 shelby.dodson@cbre.com

© 2014 CBRE, Inc. This information has been obtained from sources believed reliable. We have not veried it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are property of their respective owners and use of these images without the express written consent of the owner is prohibited.

hur

Sirrine Stadium

hurc

h St

ela

v Cle

Ca m pe rd ow

Cleveland St

McDa

niel A ve

UBJ Staff picks of properties to watch

July 25, 2014

spaces Amenities: Rooftop restaurant and pool, completion of Greenville’s first dedicated pedestrian street with new restaurants/shops, anchoring Greenville’s new ONE City Plaza. Estimated value: $31 million Project Name: Main + Stone Address: Southeast corner of Main Street and Stone Avenue Developer: The Beach Company Projected start/completion date: Groundbreaking to be Q4 2014 to early Q1 2015 with completion expected Q2 2016. Units: 241 apartments with 21,175 square feet of retail space Amenities: Urban courtyard pool, fitness center/ club room, on-site restaurant and retail amenities, covered parking, walking proximity to downtown.

University Ridge

Company, Davis Development and others have played a major role in the city’s transformation, Greenville is now attracting out-of-town developers from Atlanta, Charlotte, Charleston and beyond. As our market continues to evolve and grow, experts see the interest continuing as more companies learn of all that Greenville has to offer. So here’s a look at 20 of the largest condo, apartment, mixed-use and hotel projects that have been announced in the past 12-18 months and an update on where they stand. (We’d love to list the hundreds of total projects announced or underway across the Upstate, but we simply don’t have space for them all.)

A Development By: South Ridge, LLC

University Ridge

Project Name: Fountains Greenville Address: 210 E. Broad St. Developer: Proffitt Dixon Partners (based in Charlotte, N.C.) Projected start/completion date: Construction to begin Q1 2015, estimated completion Q1 2016. Units: 210 apartments Amenities: Resort-style pool, courtyard, outdoor grills and TV, commercial quality fitness center, upscale club areas and rooftop deck.

5 MILES

rs ity

67,853 $52,197

ive

3 MILES

7,569 $60,563

1 MILES

ust

s St

ri Har

t nS rsto Thu Ave en uss Cla

Pearl Ave

But it’s only a fraction of the dollar investment on the 20 downtown projects UBJ is highlighting for our midyear update. The total overall investment to Greenville will be much, much greater. These multi-millions of dollars are a testimonial to how rapidly downtown Greenville is growing. Properties in Greenville’s Central Business District are reaping premium prices. Vacant land inventory is almost nonexistent and buildings that were once abandoned and in disrepair are enjoying a makeover and new life. While local developers such as Hughes Corporation, Hughes Investments, The Croft

Fluor Field

$221 million. That’s a really big number.

kle Mar

ain

Contributor Jeanne Putnam assisted with this article.

MIXED USE DEV

By Sherry Jackson | staff sjackson@communityjournals.com

Var dr y

13 SOUTH RI

t gusta S

3,770

UBJ’s downtown development status report for midyear 2014

Estimated Households

RADIUS

Average HH Income

nA ve

y St

DEMOGRAPHICS Est. Population

tt Rhe

PROJECTS FUELING GREENVILLE’S REAL

ESTATE

ree

14 16

20EXPLOSION

Not on the map: G

a in

COVER STORY

Dunb ar St

S P E C I A L E D I T I O N : F O C U S O N C O M M E R C I A L R E A L E S TAT E

Landmark/Point of Interest

Total dollar investment: $30+ million Since the project was first announced, an additional 15 units were added to the original 226 as the designs were tweaked.

Project Name: East Park at Stone Address: Stone Avenue and Rowley Street Developer: Blue Wall REI

S P E C I A L E D I T I O N : F O C U S O N C O M M E R C I A L R E A L E S TAT E

17 St on W as hi ng t

son

IDGE 9

y St

kle Mar

e Av

rr y lbe

SH N

ton

p am

VELOPMENT

GREENVILLE, SC

uds

tt Rhe

SITE #1372 2,500 to ±16,000 SF Ofce

Av e ry

Hyd e

St ey kn

Ave

W Stone Av

yS t

Pl ie Be

att

hurc

McPherson Park

ain S

h St

Row le

E Sto

Ave

h St E Nort

ingt o

cad

ur Ch

development will also have on-site bicycle storage to promote an urban lifestyle. St

EW ash

18 St emy

Projected start/completion date: Construction to begin fall 2014. Units: 51 new multifamily apartments with 1,900 square feet of ground floor commercial space Amenities: The four-story building will feature studio, one- and two-bedroom units and have a clubhouse and roof terrace, stone fire pit, rain garden and sidewalks with bistro tables along Stone Avenue. The

Bon Secours Wellness Arena

EP ark

Project Name: RiversEDGE/Hotel at RiversEDGE Address: Broad and River Streets Developer: Hughes Investments

ne A ve

y St

n St

iel Ave

rk Av

Tow nes + Stone Project Name: Main St Address: Southeast corner of Main St. and Stone Ave Developer: The Beach Company

Ave

ain S

McDan

W Stone

orth

vine

g St

cBe

is St

leg

s St

e Av

id F ranc

Town e

E Park

prin

on S t

NA cad em

EW ash ingt

McD

ion

Dav

s St

ain S

St road

en l Gre anie

Stat

St WN

uren

N Ir

h St

N La

hurc

ring

cad

ffee

S Sp

n St

orth

on S ingt

Brow

Greenville County Museum Of Art

on S

W Pa

EW ash

e e Av EM

cBe

nW ay

ards

s St

urt S

road

Rich

uren

Col

S La

E Co

Falls S

ton mp Ha

ourt WC

St Falls

E Co

y St

cad

rph

Upcountry History Museum

t eS

ain

b com

Falls Park Falls Park

Rutherford St

Peace Center

Pi nc

St Wa shi

10 St

r Av

Butle

lfo

S Main St

Available Fall 2014

Riv

cBe

River St

5 d roa

ngt

tt S

e Av e

Rhe

Reedy View D r

al S

One

lvd

B Project Name: ONE Laurens/Aloft Hotel W llis Ho St e t on Address: 1 N. Laurens St. Pe e Av e Developer: Hughes Development, McKibbon Hotel Group

e Av

ols

c Pin

h Ec

As bu

Project Name: 400 Rhett We stf 400 Rhett St. Address: ield Developer:StLat Purser and Associates

w St

la Ward

$19 PSF Full Service

Project Name: District West (formerly called Reedy View Apts.) Address: Westfield and West Broad Streets Developer: Flournoy Development Projected start/completion date: Breaking ground in

fall 2014 with completion expected in 2016. Units: 365 apartments Amenities: Four- and five-story buildings with an onsite parking deck. The complex is slated to have an amenity terrace overlooking the Reedy River along with a pathway that links to the GHS Swamp Rabbit Trail. Open spaces, courtyards and a social plaza are also planned.

July 25, 2014

UPSTATE BUSINESS JOURNAL

S P E C I A L E D I T I O N : F O C U S O N C O M M E R C I A L R E A L E S TAT E Originally this project was slated to have 322 units, but the total has been boosted to 365.

Project Name: M West | Terrace Homes at West End Address: 1027 S. Main St. Developer: 1027 Partnership LLC | Trevor Ream Projected start/completion date: Site work to begin fall 2014. Three-phase development with Phase I expected to be completed mid-2015. Units: 18 townhomes Amenities: Each home has a private rooftop terrace with views (depending upon location in development) of downtown, Fluor Field and/or the Blue Ridge Mountains. Prices for units currently released for sale vary by unit type and range from $385,000-$550,000. Pricing for Phase III units have not yet been released. Phase I and II units are all presold. Phase III is expected to be released for pre-sales in fall 2014.

Project Name: Homes2Suites Address: Elford and Main streets Developer: Sycamore Investment Group (Georgiabased) Projected start/completion date: Construction is expected to begin fall 2014 with a fall 2015 completion date. Units: 117 hotel rooms Amenities: Three-story parking garage, outdoor pool, integrated laundry and exercise facilities, patio grills and walking paths.

Project Name: Rhett Street Condos Address: 121 Rhett St. (at Camperdown Way) Developer: The Croft Company Projected start/completion date: Construction is expected to begin in October and project will take approximately 12-14 months to complete. Units: 35 condos with 1,500 square feet of retail Amenities: Balconies, private parking When first announced, the project was expected to offer 45 condos. After input from prospective buyers, Croft is providing a different mix of units and making some units larger.

Project Name: The Stadium Apartments Address: Rhett and Markley streets Developer: Ron Cobb Projected start/completion date: Construction to begin late summer 2014 with estimated completion summer 2015. Units: 105 one- and two-bedroom units Amenities: Fire pits, common area with wading pool Total dollar investment: More than $15 million Units were enlarged and amenities upgraded so the development could possibly be converted to condos at a future point.

Project Name: RiversEDGE/Hotel at RiversEDGE Address: Broad and River streets Developer: Hughes Investments Projected start/completion date: Under construction now with an anticipated Q4 2014 completion of most of the units.

UPSTATE BUSINESS JOURNAL

Units: 140 apartments Amenities: New restaurant planned from High Street Hospitality. The eight-story mixed-use building will be primarily residential, with the restaurant and a small commercial space on ground level. The completed project will have an on-site parking garage and eight private garages. Plans call for a hotel to be built in a second phase.

Project Name: RiverPlace Phase 3/ Embassy Suites Address: River and Hammond streets Developer: Windsor/Aughtry Company, Hughes Development Projected start/completion date: Summer 2016 Units: 156 guest rooms Amenities: An eight-story full-service Embassy Suites Hotel with its own dining facility as well as a Ruth’s Chris Steakhouse. Hotel will be located along the Reedy River with plentiful glass, a lighter-fare rooftop restaurant and bar that may be used for private functions. Projected costs: $34 million Also under construction are the final phases of the parking garage and development of additional retail space. Additional condos at RiverPlace have not yet been formally announced.

Project Name: South Ridge Address: Church Street and University Ridge Developer: The Beach Company Projected start/completion date: Already under construction. First phase of apartments is expected to be completed Q2 2015 with an overall completion date expected for Q1 2016. Units: 360 apartments, 16,000 square feet retail space Amenities: Three- to five-story buildings with a 400-space parking garage. Salt-water swimming pool, clubroom with billiards, on-site dog park, sports club and conference center. Development will offer a fitness center, on-site restaurant and retail amenities, walking proximity to downtown and an upper-story balcony lounge. Total dollar investment: More than $50 million The Beach Company reportedly is in discussion with several retailers and restaurants but has not yet inked a deal.

Project Name: Markley Row Townhomes Address: Markley and Rhett streets Developer: Rallis Holdings/Highland Homes Projected completion date: Not available Units: Six townhomes Amenities: Two-car garages with each unit, a private yard, and rooftop space. Average price will be $400 a foot with the smallest unit at 3,700 square feet. Total dollar investment: More than $10 million

Project Name: Brandon Mill/West Village Lofts Address: Draper Street Developer: Pace Burt Projected completion date: Late 2015 Units: 175 loft apartments Amenities: Art incubator in development to create

July 25, 2014

an opportunity for people to learn from each other. Swimming pool, fitness center, and other potential amenities expected to feed off the art energy in the area. Total dollar investment: Approximately $20 million

Project Name: Augusta Walk Address: 700 Augusta St. Developer: RealtyLink Projected completion date: Demolition and site work to begin in September and homes construction in October 2014. Developer expects to be sold out by 2016. Units: 24 single-family homes Amenities: Walking distance to the West End of downtown Greenville, sidewalks, landscaping, private terraces and outdoor living spaces. Average price: $750,000 Total dollar investment: $19.2 million

Project Name: The Cottages at Mills Mill Address: Church and Guess streets Developer: Mills Mill Association Projected completion date: None Units: 29 townhomes Amenities: Courtyards, garages Sources close to this project say it’s on hold and “likely to be killed” as the city of Greenville has denied requests to gate the project like the adjacent Mills Mill condos.

D L O H

Project Name: City Homes @ Markley Address: 507 N. Markley St. Developer: Cole Properties Projected completion date: Construction to begin fall 2014 and require 12-18 months to complete all homes. Units: 14 single-family homes Amenities: Each three-story row home will have views of downtown, an elevator, two-car garage and two additional parking spaces. Homes will be 2,4003,000 square feet with large outdoor living areas with small yards. Some customization will be available along with an option for a solar package. Prices: In the $500,000-$700,000 range.

Project Name: Broadstone Gateway Apartments Address: 400 N. Church St. on the former Memorial Stadium site Developer: Alliance Residential Company (Phoenix, Ariz.) Units: 257 apartments PROJECT CANCELED

CANC

ELLED

Project Name: 400 Rhett Address: 400 Rhett St. Developer: Lat Purser and Associates Projected completion date: Fall 2014 Units: 150 apartments Amenities: One- and two-bedroom apartments

go online For more renderings of downtown developments, go to www.upstatebusinessjournal.com

S P E C I A L E D I T I O N : F O C U S O N C O M M E R C I A L R E A L E S TAT E

>> ranging from 588 to 1,092 square feet. Other features include a saltwater swimming pool, courtyard with gas grills, TVs and a hammock. Also on site will be an upscale clubhouse with shuffleboard table, dog park, covered parking and bikes available for residents’ use. Estimated value: $12 million Completion date has been delayed by a couple of months. The company says rumor that all units are leased and a waiting list in place is untrue. Some units have been pre-leased, and 10 leases were

signed the first week the manager was on site at the temporary leasing office. However, plenty of open units remain.

Project Name: Scott Towers mixed-use redevelopment Project Address: Augusta and Thruston streets Developer: TBD Projected completion date: TBD Units: Original design was 339 apartments, 197 new multifamily, 142 senior garden apts.

MARKET OPINION Tony Bonitati, multifamily division broker with NAI Earle Furman, weighs in on the downtown market: “With nearly 2,000 people moving to downtown, we see a more vibrant city center than ever before. Urban living has been the most popular form of growth for many cities. Coupled with the quality of life we have here, a walkable apartment or condo makes downtown the preferred place to live for many. We actually see a demand for additional units downtown, beyond what is already planned or under construction. Current occupancy levels are at near capacity on downtown apartments. “Each of the projects under construction, or existing, offers a unique living situation. We will find over time that additional services will be added to support the residents. Other businesses should prepare now for residents demanding food delivery, transportation, and other dayto-day services. We project continued additional interest from national and local builders looking to build residential units near our downtown. “

Amenities: Mixed-income community with about 80 percent at market rate and 20 percent affordable for lower-income seniors and families. The development would include a new parking deck, commercial space on the corner of Augusta and Thruston streets and outdoor amenity space for residents. Contract negotiations fell through with McCormack Barron, a large development company in St. Louis. Currently the Greenville Housing Authority is working on a new open solicitation bid for a new developer that is expected to open in early August.

Residential sales, prices, inventory climb in June SHERRY JACKSON | STAFF

sjackson@communityjournals.com Real estate inventory is slowly rising while activity is picking up in the upper-price tiers. Rents continue to climb in most metros and interest rates are generally lower than a year ago, according to the latest residential real estate report released by South Carolina Realtors. New listings in the state increased 7.4 percent

to 9,387. Pending sales were up 1.1 percent to 5,970 as inventory levels rose slightly to 49,279 units. Prices moved onward as the median sales price increased 6.0 percent to $173,777, said the report. Access to mortgage capital remains an ongoing concern. As cash and investor deals fade, firsttime buyers typically step to the forefront, but tight credit can and has been a real hurdle, the report said.

NUMBER OF RESIDENTIAL HOMES, CONDOS & VILLAS SOLD

Most Recent Month 6/2013 6/2014 %CHANGE

Most Recent Quarter Q2 13

Q2 14 %CHANGE

Year to Date 2013

2014 %CHANGE

Greater Greenville

956 1,004 +5.0% 2,751 2,802 +1.9% 4,558 4,667 +2.4%

Spartanburg

328 357 +8.8%

State Totals*

997 1,051 +5.4% 1,730 1,795 +3.8%

6,204 6,445 +3.9% 18,004 18,348 +1.9% 30,780 31,277 +1.6%

MEDIAN PRICE OF RESIDENTIAL HOMES, CONDOS & VILLAS SOLD

Most Recent Month

Most Recent Quarter Q2 13

Q2 14 %CHANGE

Year to Date

6/2013 6/2014 %CHANGE

2013

2014 %CHANGE

Greater Greenville

$160K $168K +5.0% $156K $159K +1.9% $152K $157K +3.3%

Spartanburg

$125K $126,950 +1.6%

State Totals*

$164K $173,777 +6.0% $158,500 $165K +4.1% $154,500 $160K +3.6%

$123K $124K +0/8% $119,900 $120K +0.1%

AVERAGE DAYS ON MARKET UNTIL SALE (DOM)

Tony Bonitati, multifamily division broker, NAI Earle Furman

Most Recent Month 6/2013 6/2014 %CHANGE

Most Recent Quarter Q2 13

Q2 14 %CHANGE

Year to Date 2013

2014 %CHANGE

Greater Greenville

79 78 -1.2% 86 85 -1.2% 93 87 -5.9%

Spartanburg

141 136 -3.1% 139 138 -0.7% 146 181 +2.7%

State Totals*

112 110 -1.8% 118 115 -2.5% 123 116 -5.7%

From SC REALTORS® MLS Statistics June 2014

July 25, 2014

UPSTATE BUSINESS JOURNAL

S P E C I A L E D I T I O N : F O C U S O N C O M M E R C I A L R E A L E S TAT E

Commercial real estate market shows mixed results in Q2 Upstate CRE leaders report on the past quarter in the retail, industrial and office sectors SHERRY JACKSON | STAFF

sjackson@communityjournals.com Second-quarter commercial real estate reports have been released, and while retail sector vacancy rates are slightly higher this quarter than the first quarter, the year-to-date, vacancy and asking rents are improved over the same period one year ago in the office sector. Industrial took a dip in sales activity, but Class A industrial space still remains hard to find. Here are excerpts from the second-quarter 2014 market reports from some the area’s leading commercial real estate companies.

RETAIL Q1 2014 INDUSTRIAL SECTOR Market Size (SF) Overall Vacant Space (SF)

LEE AND ASSOCIATES

9,578

Number of Buildings

5,742,074 6.9%

Direct Vacancy (SF)

5,435,792

Sublease Vacancy (SF) Net Absorption Average Asking Rental Price ($/SF/Yr)

306,282 73,014 $9.28

The Upstate retail market ended the first half of 2014 with a vacancy rate of 12.35 percent, slightly higher than the first-quarter vacancy rate of

The second quarter of 2014 was another positive one for the Upstate retail market. The agency saw continued growth from the first quarter in the Greenville, Spartanburg and Anderson markets, and vacancy

844 -GSP-ESPN 20

UPSTATE BUSINESS JOURNAL

INDUSTRIAL COLLIERS

Capital investments and company expansions are likely to continue in the Upstate region as technical training programs move forward and add more talent to the existing labor force. The Upstate’s existing automotive industry and increased logistics provided by the South Carolina Inland Port in Greer will continue to drive automotive suppliers and other manufacturers to the area. Leasing velocity will be low until a greater amount of industrial space is readily available to the market. Speculative development projects are pre-leasing quickly, and more projects are anticipated. Rental rates will increase for high-quality industrial space, which will further support new development and the high rental rates needed for financing the projects. >>

9.4% 8.9%

NAI EARLE FURMAN

From NAI Earle Furman’s Q2 2014 Retail Market Report

COLLIERS

rates have continued to decline along most of the major corridors in these areas. Rental rates are also on a steady incline.

Lease signings were definitely on the A-list at the midpoint of 2014. With sizable square footages for the retail market, the largest lease signings occurring to date for 2014 include the 22,500-square-foot lease signed by NCG Cinema at Hillcrest Shopping Center (MarVACANCY shalls), the 9,277-square-foot deal 10.1% 10.1% signed by CertusBank at 3900 Pelham Road and the 9,124-squarefoot lease signed by Anytime Fitness at 955 W. Wade Hampton Blvd.

83,665,268

Overall Vacancy (%)

12.28 percent. The Greenville retail market continues to improve and change, attracting new retailers to the state and motivating redevelopment in the region. Verdae Development recently announced plans for a $100 million redevelopment of more than 100 acres between Laurens and Woodruff roads. The redevelopment will consist of 30 acres of redeveloped retail space and will involve demolishing the former Best Buy and Sam’s Club sites on Laurens Road. The recent redevelopment of the former Greenville Mall, now known as Magnolia Park, has proven very successful and attracted major retailers such as Cabela’s and Dave & Busters, as well as providing a new home to existing retailers such as Toys R Us.

July 25, 2014

Q4 11

Q2 12

Q4 11

Q2 13

8.6%

Q4 13

Q2 14

From Lee and Associates Q2 2014 Greenville Industrial Market Report

Mike & Mike 6 -10 A

The Her d 10A-1 P

S P E C I A L E D I T I O N : F O C U S O N C O M M E R C I A L R E A L E S TAT E

The Greenville/Spartanburg market has seen activity from a diverse range of industries. While BMW and the automotive sector remain significant drivers, there has also been more interest from users in distribution, advanced manufacturing, plastics, health care, and food and beverage. Such diversification encourages investor interest and helps the market establish better stabilization. The lack of Class A and other quality space remains a challenge as users struggle to find the best opportunities. However, several developers have plans for construction of speculative space, which will release some of the pent-up pressure. For the developers that had already delivered spec space over 100,000 square feet, the space was 100 percent leased within six months of delivery, suggesting a robust appetite for the new product. The users are looking for more flexibility in their building, including expansion options, trailer parking options and lease terms that allow for long-term growth or contraction.

LEE AND ASSOCIATES

Sales activity is down compared to the previous year. In the first three months of 2014, the market saw five industrial sales transactions with a total volume of $7,862,500. The price per square foot has averaged $26.74 this year. In this first three months of 2013, the market posted one transaction with a total volume of $10,850,000. However, the price per square foot only averaged $4.92. During the second quarter of 2014, one building totaling 48,000 square feet was completed in the Greenville/Spartanburg market area. Additionally, there are still 505,967 square feet of industrial space under construction at the midyear mark of 2014. This includes the FedEx Ground building, a 254,000-square-foot space that is already 100 percent pre-leased, and SPEC industrial building, a 161,967-square-foot facility that is also pre-leased.

NAI EARLE FURMAN

Companies are taking the Upstate very seriously when deciding on where to locate. Spartanburg

County has had a banner year thus far with two major announcements (i.e., expansion of BMW and Toray Industries), exceeding $1 billion in investments over the next decade and creating around 500 jobs each. Also, Greenville County received a big announcement from GE with plans to invest $400 million in their current facility over the next ten years.

OVERALL RENTAL VS. VACANCY RATES

psf/yr

>> CUSHMAN & WAKEFIELD | THALHIMER

OFFICE

14%

$16

12%

$14

10%

$12

$10

COLLIERS

In recent quarters, the main focus in Greenville was on the Central Business District (CBD), which along with new office tenants welcomed new multifamily developments and retailers. Several residential developments are in the works, including the Beach Companyâ&#x20AC;&#x2122;s South Ridge development, currently under construction. The CBD ended the second quarter with a vacancy rate of 18.45 percent. Class A and B office buildings make up most of the CBDâ&#x20AC;&#x2122;s inventory and had vacancy rates of 18.61 percent and 18.66 percent, respectively, at the end of the second quarter. Asking rental rates averaged $20.43 for the CBD, up from $19.90 at the end of the first quarter, with Class A and B asking rental rates averaging $21.26 and $18.60, respectively.

CUSHMAN & WAKEFIELD | THALHIMER

Year-to-date, vacancy and asking rents are improved over the same period one year ago. While overall absorption for the year remains negative, pending activity for the remainder of 2014 is expected to bring absorption in line with the yearly average by year end. Additionally, limited product in select areas encouraged landlords to increase asking rates in order to preserve space for large-block users. The trend was felt in the CBD and suburbs alike.

LEE AND ASSOCIATES

$18

Net absorption for the overall Greenville/Spartanburg office market was negative (8,233) square feet in the second quarter of 2014. That compares to negative (247,947) square feet in the first quarter of 2014.

2010 2011 2012 2013 2014

Direct Gross Rental Rate Overall Vacancy Rate From Cushman & Wakefield | Thalhimer Marketbeat Office Snapshot Q2 2014

The Class A office market recorded the highest net absorption of the entire discipline with a positive 20,278 square feet absorbed in the second quarter of 2014, compared to a negative (184,881) square feet in the first quarter of 2014. The Class B office market recorded a negative absorption of (24,127) square feet in the second quarter of 2014, compared to a negative (67,952) square feet in the first quarter of 2014. The net absorption in the CBD was positive 16,921 square feet. This figure compares to a negative (50,638) square feet in the first quarter of 2014. From this it can be concurred that higher-quality Class A space in a prime location, such as the CBD, is still being absorbed, almost like an aftershock from the huge boom in 2013.

NAI EARLE FURMAN

The CBD market is seeing healthy occupancy in the 5,000-15,000-square-foot range in Class A buildings. which has allowed for upward pressure on Class A rents. The announcement of the relocation of Pazdan Smith architects from 200 E. Broad St. to a newly renovated project on the corner of Augusta and Dunbar streets is continued expansion of the CBD. The company sees additional opportunity for additional infill development in the areas on the south end of the CBD. In the CBD, the fate of the Greenville News site will be of increased interest in the coming quarter.

Greg McKinney 4-7 P Sturg 7-10 P July 25, 2014

UPSTATE BUSINESS JOURNAL

S P E C I A L E D I T I O N : F O C U S O N C O M M E R C I A L R E A L E S TAT E

DEALMAKERS Commercial real estate transactions in the Upstate COLLIERS INTERNATIONAL ANNOUNCED: Bob Shaw served as the leasing agent in fully leasing Independence Corporate Park located on Independence Blvd., Greenville. Amy Campbell is the property manager for the Park. The Park is a sevenbuilding Class A office park totaling 300,733 SF. Chuck Salley and Dave Matthews represented the buyer, Reger Holdings LLC, in the sale of a 164, 000 SF property located at·2 Business Parkway, Lugoff. The property sold for $3.4 million. Chuck Salley and Dave Matthews represented the buyer, Reger Holdings LLC, in the sale of a 162,400 SF property located at 220 Commerce Drive, Greenville. The seller was represented by Givens Stewart and Richard Jackson. The property sold for $2.35 million. Chuck Salley and Dave Matthews represented the buyer, Reger Holdings, LLC, in the sale of a 172,863 SF property located at 2630 Highway 15, Sumter. The property sold for $2 million. Givens Stewart and Richard Jackson represented the buyer, Exeter Investments, in purchasing a 202,104 SF building located at 15 Tyger River Road, Duncan, for $7.8 million. CUSHMAN & WAKEFIELD | THALHIMER ANNOUNCED: Elliott Fayssoux represented the tenant, Icebox Bar, in leasing 6,250 SF of industrial space at 514 Pickett St., Greenville. Brian J. Young and Brad Harvey handled the lease negotiations for Paradise Home Improvement LLC in leasing 5,650 SF of office space at 16-C Brozzini Court, Greenville. Elliott Fayssoux handled the lease negotiations in Swisher Hygiene’s lease renewal of 1,800 SF of industrial space at 130 Hunter Village Drive, Irmo. Brad Harvey and Michael Greer handled the lease

negotiations for the Mark McGrath Agency LLC in leasing 1,200 SF of office space at 1607 Laurens Road, Greenville. Brad Harvey handled the lease negotiations for the Muscular Dystrophy Association in leasing 1,700 SF of office space at 500 Howell Road, Greenville. Elliott Fayssoux handled the lease negotiations in Swisher Hygiene USA Operations’ lease renewal of 1,200 SF of industrial space at 3305 Rutherford Road, Greenville. Charles G. Whitmire Jr. and Kacie Jackson represented the seller, SDI Properties Inc. in the sale of a 435,102 SF office/warehouse property on 9.72 acres located in the Village of West Greenville at 25 Draper St., Greenville, from SDI Properties Inc. for $1,900,000 as a redevelopment opportunity. SPENCER HINES ANNOUNCED: Bobby Hines represented the lessee, Stan Freeman of Eggs Up Grille, and the lessor, D8 LLC, in leasing a 2,480 SF restaurant space at 31 Augusta St., Greenville. Robbie Romeiser represented the lessee, Brandy Howard and Amanda Sun, and the lessor, Roger and Pamela Williford, in leasing 246 SF at 481 S. Pine St., Spartanburg. David Strickland represented the lessee, Affordable Auto Painting, and the lessor, Larry and Nancy Lebouitz, in leasing a 7,000 SF auto paint shop at 697 N. Pine St., Spartanburg. David Strickland represented the lessor, PETRA, in leasing a 12,000 SF warehouse at 92 Fairview Church Road, Spartanburg, to Carrier Enterprises. John Parker of CBRE represented Carrie Enterprises. Neal Boyett represented the lessor, Margarette Pomeroy, in leasing a 1,750 SF space at 170 Magnolia St., Spartanburg, to Guild Mortgage. Craig Jacobs represented Guild Mortgage. Dale Seay represented the

UPSTATE BUSINESS JOURNAL

July 25, 2014

lessor, I-85 A LLC, in leasing a 1,505 SF space at 1438 Hwy. 14 East, Landrum, to State Farm. Avison Young announced: Kyle Putnam and John Odom represented First Citizens Bank & Trust in the sale of a 10,925 SF industrial facility located at 5 W. Main St., Greenville, to Sllims LLC for $235,000. Jake Van Gieson of NAI Earle Furman represented the buyer. NAI EARLE FURMAN ANNOUNCED: Ted Lyerly, Jimmy Wright and Brendan Gower represented Odom Rentals LLC in renewing the lease of a 2,456 SF retail space at 3225 Augusta St., Greenville, in the Pickwick Shopping Center. Jake Van Gieson, Bill Sims and Gaston Albergotti represented the tenant, Little Caesars. Dan Dunn represented Steeger Real Estate LLC in leasing a 10,500 SF industrial space at 2353 Hwy. 292 South, Inman, to Higher Source Aviation Service Inc. Earle Furman, Jonathan Good and Alexi Papapieris represented The Kirkland Company LLC in renewing the lease of a 2,070 SF retail/ office space at 718 S. Main St., Suite B, Greenville, in the West End to Sassy Paints LLC. Earle Furman and Alexi Papapieris represented FCC Real Estate in renewing the lease of a 4,973 SF office space at 3501 Pine Needles Road, Suite 1, Florence, to La Petite Academy Inc. Peter Couchell and Robert Schmidt represented Howell Ridge LLC in leasing a 14,551 SF retail space at 620 Howell Road, Greenville, in the Howell Ridge Shopping Center to BellSouth Telecommunications LLC. Ford Borders, Grice Hunt and Glenn Batson represented Graham STI LLC in renewing the lease of a 20,000 SF industrial space at 4028 Pelham Court, Suite A, Greer. Jake Van Gieson represented the tenant. Jimmy Wright, Ted Lyerly and Brendan Gower represented

The Promenade at Haywood LLC in leasing a 2,000 SF retail space at 765 Haywood Road, Greenville, in The Promenade. Tyson Smoak represented the tenant, Goldsmith Development Inc. Stuart Wyeth represented Greenville Three LLC in leasing a 1,447 SF office space at 101 N. Main St., Greenville in The Bank of America Plaza. Alex Campbell represented the tenant, UCW Logistics LLC. Hunter Garrett and John Staunton represented Kimura Inc. in leasing a 30,000 SF warehouse and distribution facility at 125 Michelin Court, Greenville, from John Perkins Industries Inc. Keith Jones and Dan Dunn represented the landlord of 25 Woods Lake Road, Greenville, in leasing a 6,867 SF office space to Life Point Church. Earle Furman and Stuart Wyeth represented Verdae Properties LLC in leasing a total of 12,025 SF of office space at 124 Verdae Blvd., Greenville. Dixon Hughes Goodman LLP leased 5,058 SF, Fresenius Management Services leased 3,590 SF and Arvato Systems North America leased 3,377 SF. Hunter Garrett and John Staunton represented the landlord of the Lakeside Business Center in leasing a 6,000 SF office space to Carolina Dancewerks LLC at 62355 S. Hwy. 101, Greer. Glenn Batson represented the landlord of 414 Pettigru St., Greenville, in leasing a 2,000 SF office space. Jimmy Wright, Ted Lyerly and Brendan Gower represented the tenant of 618-B S. Main St., Greenville, in leasing a 1,600 SF retail space. Glenn Batson represented Taylors Plant LLC in leasing a 6,000 SF industrial space at 255 Mill St., Taylors, to Victory Heating and Air LLC. John Gray and Drew Stamm represented the landlord of 221 and 223 Adley Way, Greenville, in leasing a 3,800 SF freestanding office building. Alex Campbell represented the

tenant, CORE Health Centers MSO LLC. Alex Campbell represented the landlord of Greenville Business Center in leasing a 2,200 SF office space to Sonitrol Security Services Inc. at 150 W. Phillips Road, Greer. Hunter Garrett and John Staunton represented the landlord of 7 Arley Way, Bluffton, in leasing a 3,461 SF office space to First South Bank Corp. Jimmy Wright, Ted Lyerly, and Brendan Gower represented Odom Rentals LLC in the lease of a 1,920 SF retail space at 3217 Augusta St., Greenville, in the Pickwick Shopping Center to Coast Apparel LLC. Earle Furman and Alexi Papapieris represented OZRE Greenville LLC in leasing a 2,193 SF office space in Park East at 150 Executive Center Drive, Greenville, to MJD Group Inc. Earle Furman and Alexi Papapieris represented OZRE Greenville LLC in leasing a 3,094 SF office space in Park Central at 555 N. Pleasantburg Drive, Greenville, to Corporate Investigation Bureau Inc. Earle Furman and Alexi Papapieris represented OZRE Greenville LLC in leasing a 2,170 SF office space in Park East at 750 Executive Center Drive, Greenville, to Allied Electronics Inc. Earle Furman and Alexi Papapieris represented OZRE Greenville LLC in leasing a 1,863 SF office space in Park Central at 545 N. Pleasantburg Drive, Greenville, to Protection and Advocacy for People with Disabilities Inc. John Gray and Drew Stamm represented the landlord of 891 NE Main St., Simpsonville, in the lease of a 6,600 SF freestanding retail building to Moneyline Properties LLC. Keith Jones represented the landlord of Overlook Executive Park LLC in leasing a 2,319 SF office space at 109 Laurens Road, Greenville, to Integral Solutions Group. Rusty Hamrick represented

S P E C I A L E D I T I O N : F O C U S O N C O M M E R C I A L R E A L E S TAT E

DEALMAKERS Commercial real estate transactions in the Upstate CharlieCo Holdings LLC in the sale of 5 acres at the Burban Creek Plantation at 9 Belk Road, Travelers Rest. John Gray and Drew Stamm represented the seller of 578 N. Church St., Spartanburg, in the sale of a 23,000 SF motel. The property is to be redeveloped. Jake Van Gieson represented Synnex Corporation in the purchase of 1.4 acres on Pelham Ridge Drive, Greenville. John Powell represented Park Sterling Bank in selling 1.61 acres on Hwy. 81 North, Anderson. Andrew Babb represented Carolina Alliance Bank in selling a 5,250 SF retail building at 1506 E. Rutherford St., Landrum. Peter Couchell and Rob Schmidt represented the seller

of a freestanding 5,920 SF retail building located at 3952 Grandview Drive, Simpsonville. The current tenant is Arizona Steakhouse. Peter Couchell and Ken Anderson represented the buyer. Keith Jones represented PD Holdings LLC in selling 0.55 acres on Batesville Road, Simpsonville. Jimmy Wright, Ted Lyerly and Brendan Gower represented the buyer, RDM3 LLC. Jimmy Wright, Ted Lyerly and Brendan Gower represented SBW Capital Partners LLC in the sale of a 3,360 SF retail property at 3023 White Horse Road, Greenville, to Moneyline Properties LLC. John Powell represented the seller of 2021 Cardinal Circle, Anderson, in the sale of a 4,000 SF office building to RFG Anderson LLC. Peter Couchell and Robert

Schmidt represented the seller in the sale of the 80,435 SF BI-LO shopping center known as Cypress Shopping Center, Boiling Springs. John Gray and Drew Stamm represented the buyer of 10361050 N. Pleasantburg Drive, Greenville, in the purchase of a 10,323 SF retail strip shopping center for investment purposes. John Gray and Drew Stamm represented Blandin Auto Clean-Up in the sale of 0.63 acres at 1027 S. Main St., Greenville, in downtown’s West End. The property is to be redeveloped for an 18-unit townhome project. Peter Couchell and Robert Schmidt represented the seller and the buyer in the sale of a 7,254 SF retail strip mall at 1815 E. Greenville St., Anderson. Hunter Garrett and John

Staunton represented Hendersonville Limited Partnership in the sale of 0.92 acres at 630 Spartanburg Hwy., Hendersonville, N.C., to McDonald’s Corporation. LEE & ASSOCIATESGREENVILLE ANNOUNCED: Bill Durrell represented the tenant, Life Coaching Institute, in a +/-1,078 SF office lease at 37 Villa Road, Suite 400, Greenville. Randall Bentley and Kevin Bentley facilitated the +/9,388 SF flex space lease to Performance Automation LLC at 126 Corporate Drive, Suite D, Simpsonville. Randall Bentley represented the seller in a +/-10,000 SF industrial sale at 11 International Court, Greenville. Bill Durrell represented the landlord in a +/-1,500 SF office lease transaction at

150 Milestone Way, Suite C, Greenville. Randall Bentley and Bill Durrell facilitated the 4,000 SF flex space transaction at 1110 W. Butler Road, Suite I, Greenville. Randall Bentley represented the seller in a +/-1,025 SF office sale at 420 River St., Unit G, Greenville. Deanna Hudgens represented the landlord in a +/-1,800 SF retail lease at 207 N. Main St., Suite B, Greenville. Randall Bentley represented American Products Inc., the tenant, in a +/-10,000 SF lease at 35 Concourse Way, Greer. Randall Bentley represented the tenant, Harper, Lambert & Brown PA, in a +/-4,489 SF office lease at 420 Park Ave., Greenville.

On January 1, 2014 Rick Gantt and the Argos Benefits Team joined Arthur J Gallagher & Co‘s Greenville, SC Property & Casualty team. The combination of these two outstanding risk management and benefit teams will further expand the scope of services provided to their clients.

Any risk. Any challenge. One stop shopping.

• Benefits & HR Consulting • Property & Casualty Insurance

UNDER THE SAME THE ROOF! Larry Smith SC Area President (Property & Casualty); Teresa Stoecker Director of Operations (Benefits); Rick Gantt Area Vice President (Benefits)

WWW.AJG.COM | 15 S. MAIN ST. #900, GREENVILLE, SC 29601 | 864.239.0544 July 25, 2014

UPSTATE BUSINESS JOURNAL

SOCIAL SNAPSHOT

PHOTOS BY DOUG GREGORY

Inside the Upstate’s networking and social scene

SPARTANBURG CHAMBER NETWORKS AFTER HOURS The Spartanburg Area Chamber of Commerce recently held its monthly Business After Hours gettogether at the Growler Haus. The event included music and door prizes provided by local Chamber businesses. Business After Hours is one of the Chamber’s most popular networking events. Learn more at spartanburgchamber.com.

2014 GLK350 SUV starting at $37,480*msrp

Inner strength. With an outgoing spirit.

UPSTATE BUSINESS JOURNAL

July 25, 2014

SOCIAL SNAPSHOT Inside the Upstateâ&#x20AC;&#x2122;s networking and social scene

CONTRIBUTE: Got high-resolution photos of your networking or social events? Send photos and information for consideration to events@upstatebusinessjournal.com.

TECH AFTER FIVE JOINS IT PROS, ENTREPRENEURS Tech After Five held its monthly Greenville meeting July 16 at Grille 33. The group holds live professional networking events for IT professionals and entrepreneurs every month in Greenville, Columbia and Charleston, S.C.; Asheville and Charlotte, N.C.; and Atlanta. Tech After Five also has plans for future networking groups in Raleigh, N.C., Savannah, Ga., and Texas. More information is at techafterfive.com. PHOTOS PROVIDED

CARLTON MOTORCARS

www.CarltonMotorcars.com 864-213-8000 | 800-801-3131 2446 Laurens Road, Greenville, SC 29607

July 25, 2014

UPSTATE BUSINESS JOURNAL

SQUARE FEET Real estate deals and developments across the region

SHERRY JACKSON | STAFF sjackson@communityjournals.com @SJackson_CJ

Greenville developer plans downtown Columbia project Homes Urban LLC, a Greenville developer and an affiliate of Davis Property Group LLC, has agreed to acquire the Kline Iron and Steel Company site at the corner of Gervais and Huger streets in Columbia for development, the company announced this week. The property was home to Kline Iron and Steel Company, makers of broadcast towers, from 1923 to 2004. At the heart of the project, Homes Urban has proposed “apartments targeted toward professional households seeking luxury housing in a vibrant, urban environment,” according to a statement from the company. Construction is expected to start in the first quarter of 2015 and the proposed development will include more than 280 apartments, a 680space parking garage, office and retail

space, as well as a hotel. The project is also expected to include public access to the State History Museum

and EdVenture Children’s Museum as well as additional parking for both venues. Rendering Provided.

SOMETHING TO REALLY CONNECT OVER AT YOUR NEXT BUSINESS DINNER.

Rendering Provided.

AUGUST

21–31 Be sure to check the Greenvillefor participating restaurants, menus, and more! 26

Greenville Tech seeks bids for $20M center Let the bidding begin. Greenville Technical College has issued a request for bids in the construction of its new $20 million, 100,000-square-foot advanced manufacturing center at the Millennium Campus in Greenville. The new campus, called the Center for Manufacturing Innovation or CMI, will

UPSTATE BUSINESS JOURNAL

July 25, 2014

have faculty and staff offices, classrooms, meeting and conference rooms and multiple lab spaces for advanced manufacturing machines. CMI will also include incubation areas that will be leased to startup companies, allowing their owners and technicians to collaborate with faculty

and utilize the advanced machinery at the facility. The center will occupy a portion of the 30-acre site and bids are requested for “total site development and building construction,” according to the request for qualifications (RFQ) document. Bids are due to Greenville Tech by 4 p.m. July 28.

Officials will review initial bids and narrow the list, with shortlisted firms to be interviewed on Sept. 11. According to the RFQ, construction is expected to be completed by June 30, 2016, for the fall 2016 semester. The full RFQ is available online at gvltec.edu/purchasing.

SHERRY JACKSON | STAFF sjackson@communityjournals.com @SJackson_CJ

SQUARE FEET Real estate deals and developments across the region

Phase 2 of arena improvements underway The Greenville Arena District recently launched the second phase of capital improvements at the Bon Secours Wellness Arena. This phase includes renovating the ticket office, backstage areas, restrooms and concourse, along with a new roof.

The Bon Secours St. Francis wellness interactive space will also be located on the concourse. Phase one, completed in 2013, included a new ribbon board, digital signage, suite renovations and a new scoreboard.

Renderings Provided.

14 row homes in the works for Markley Street As development continues to heat up in downtown Greenville, a new single-family home development is slated for the corner of North Markley and Calhoun streets, near the Kroc Center. Called City Homes at Markley, the project by Cole Properties will consist of 14 three-story row homes featuring large outdoor living areas with small yards, private elevators, two-car garages and downtown views. “The homes will have a more individual look,” said designer and builder Trey Cole, with buyers able to choose from a range of brick and color palettes. Some customization will also be available for the interiors, along with an option for a solar package. The

homes will have two additional parking spaces available, as well as rooftop gardens. Each city home will have an “urban loft feel” and have three or four bedrooms and 2 1/2 or 3 1/2 bathrooms in 2,400-3,000 square feet. Cole says the city homes will be different from other developments in that each unit will be sold as a single-family home with standard lot ownership and offer a homeowners association for the landscape maintenance. Homes will also be energy efficient with spray-foam insulation, tankless water

heaters, energy-efficient windows, a high-efficiency HVAC system and

water-efficient fixtures. Home prices will be in the $500,000-$700,000 range. Construction is expected to begin in fall 2014.

Rendering Provided.

July 25, 2014

UPSTATE BUSINESS JOURNAL

CONTRIBUTE: New hires, promotions & award winners may be featured in On the Move. Send information and photos to onthemove@upstatebusinessjournal.com.

ON THE MOVE Play-by-play of Upstate careers

HIRED

RETURNING

Jason Zacher

Michael S. Pitts

Named vice president of public policy for the Greenville Chamber and Upstate Chamber Coalition. Zacher has worked directly in the S.C. Legislature for the past 10 years as communications director for the House Republican Caucus.

Hired as city attorney of Greenville. Pitts brings 18 years of legal experience and is a member of both the N.C. and S.C. Bar Associations. A partner at Collins & Lacy P.C., Pitts also functions as the County Attorney for Anderson County.

Stephen J. (Seph) Wunder Returned to Haynsworth Sinkler Boyd P.A.’s Greenville office. Wunder first joined the law firm in 2007, and left in 2011 for an opportunity to serve as general counsel of Johnson Development Associates Inc. in Spartanburg.

Real World Teaching for Real World Application

PROMOTED

Todd Roy

Randy Collins

Mark Owens

Promoted from director of builder sales and marketing to national sales director at Progress Lighting. Roy previously served in the national accounts department, after beginning his career as an account manager in 1999.

Named executive director of academic initiatives at Clemson University, a newly created position in the College of Engineering and Science. Collins was previously the college’s associate dean of undergraduate and international studies.

Promoted to president/ CEO of the Greater Greer Chamber of Commerce. Owens previously served as the chamber’s vice president. He is also a board member of the Carolinas Association of Chamber of Commerce Executives, representing Greer.

Courses & Certifications Offered SCMEP is a non-profit organization that promotes the economic growth and long-term success of small and mid-size manufacturers. Using a strategic, hands-on approach, SCMEP helps companies improve their competitiveness, performance, and profitability. SCMEP's new Business Learning Center also provides training and certification classes right here in the Upstate. Check out our upcoming classes: Lean Six Sigma Green Belt / Black Belt Combo - Starts Aug 4 ISO 9001/ISO 14001 Lead Auditor Combo Course - Aug 18 - Aug 22 Value Stream Mapping - Aug 19 5S - Aug 25

A3 Problem Solving - Aug 26

Reducing Energy Costs - Energy Efficiency - Aug 27 TPM - Aug 28

TWI - Aug 28

Safety Root Cause Analysis - Sept 3 LMI Productivity for Managers - Starts Sept 8 LMI Leadership Development - Starts Sept 9 LMI Personal Management - Starts Sept 10 Design for Six Sigma - Starts Sept 15 For a complete list of courses, visit our website: www.scmep.org

SCMEP’s Business Learning Center | 37 Villa Road, Suite 500, Greenville SC 29615 | (864) 288-5687 | www.scmep.org 28

UPSTATE BUSINESS JOURNAL

July 25, 2014

PLANNER

ON THE MOVE

Events you should have on your calendar

Play-by-play of Upstate careers

CONSTRUCTION/ENGINEERING: GMK Associates Inc. announced that Francis “Frank” W. Golson III has joined the firm as the new company-wide controller. Golson previously served as controller for Diversified Medical Services LLC, financial liaison for First Citizens Bank, manager of financial planning for NetBank, and project accountant for The LPA Group Inc.

as a committee member for PULSE Greenville. Pratt spent four years building sales and customer service expertise with Earth Fare and was assistant manager at QuikTrip.

MANUFACTURING: Progress Lighting recently hired Jennifer Kis as key account marketing manager. Kis joins Progress Lighting with nearly 20 years of public relations, international marketing, agency and client relations experience.

LEGAL: Gallivan, White & Boyd P.A. recently announced that firm shareholder Stuart Mauney has been appointed to a one-year term as a member of the ABA Commission on Lawyer Assistance Programs Advisory Committee. The commission has the mandate to educate the legal profession concerning alcoholism, chemical dependencies, stress, depression and other mental health issues.

MARKETING/PUBLIC RELATIONS: Jackson Motorsports Group hired Joe Hindman as lead event specialist and Brice Pratt as event specialist. Hindman previously worked for Jackson Marketing Group, planning and executing marketing campaigns and events for automotive and motorsports clients. He served

T&S Brass and Bronze Works has named Ian Bradley vice president of finance. With the company since 2004, Bradley originally came on board as cost manager and has since held the positions of controller and, most recently, director of finance.

NONPROFIT: The Manufacturers Caring for Pickens County recently welcomed Jim Wanner as a new board member. Wanner is the CEO of KeyMark Inc. in Liberty. The Friends of the Greenville Zoo welcomed Ben Urueta, Steve Trakas and Matt Trent to its board. Urueta is vice president of design at DP3 Architects, Trakas is senior operating officer for project management at Gibbs International Inc., and Trent is an attorney at Womble Carlyle Sandridge & Rice.

FRIDAY JULY 25 FRIDAY FORUM Embassy Suites, 670 Verdae Blvd., Greenville; 8-9:30 a.m.

Call Golden Career Strategies at 864-5270425 to request an invitation LEGISLATIVE LUNCH

SPEAKER: Tim Pecoraro, theideagroup COST: $12 per Greenville Chamber member, $20 for non-members, $25 at the door REGISTER AT: greenvillechamber.org NORTH GREENVILLE ROTARY CLUB The Poinsett Club, 807 E. Washington St., Greenville; 12:30-1:30 p.m. COST: Free to attend but invitation required, lunch $16 CONTACT: Shanda Jeffries at 864-228-2122 or sjeffries1@allstate.com

MONDAY JULY 28 GCS ROUNDTABLE

Simpsonville City Hall, 118 NE Main St., Simpsonville; 11:30 a.m.-1 p.m. SPEAKER: John Moore, executive vice president of the Greenville Chamber of Commerce

BUSINESS AFTER HOURS The Ice Cream Station, 125 S. Main St., Simpsonville; 5:30-7:30 p.m. REGISTER AT: simpsonvillechamber.com CONTACT: Jennifer Richardson at jrichardson@ simpsonvillechamber.com

WEDNESDAY JULY 30

TOPIC: NEXT COST: $15 per person REGISTER AT: simpsonvillechamber.com CONTACT: Jennifer Richardson at jrichardson@ simpsonvillechamber.com

TUESDAY JULY 29 CORPORATE TUESDAY Upcountry History Museum, 540 Buncombe St., Greenville; 5:30-7:30 p.m.

The Office Center at the Point, 33 Market Point Drive, Greenville; 8:30-9:30 a.m.

SPEAKER: Scott Graves, president and COO at BlueChoice HealthPlan

SPEAKER: Myles Golden

COST: Free to attend

TOPIC: Dealing With Difficult People

TOPIC: The Affordable Healthcare Act

BNI CHAPTER, GREATER GREENVILLE City Range, 615 Haywood Road, Greenville; noon-1:30 p.m. COST: $15 for lunch CONTACT: Hardy Auston at 864-313-9942 or hdaustonmoving@ aol.com

THURSDAY JULY 31 BNI Southern Fried Green Tomatoes, 1175 Woods Crossing Road, Greenville; 8:15-9:45 a.m. CONTACT: Shanda Jeffries at 864-228-2122 or sjeffries1@allstate.com for invitation

CONTRIBUTE: Got a hot date? Submit event information for consideration to events@upstatebusinessjournal.com.

JOIN THE 20 COMPANIES SHARING WORK AND EVENT SPACE IN THE HEART OF DOWNTOWN GREENVILLE www.JOINOPENWORKS.com July 25, 2014

UPSTATE BUSINESS JOURNAL

NEW TO THE STREET The freshest faces on the business landscape

3 PHOTOS PROVIDED

1. Driver’s Choice Insurance recently held a ribbon-cutting at 3280 N. Pleasantburg Drive, Unit C, in Greenville. For more information, visit driverschoiceinsurance.com. 2. Mig’s Pizza Castle of Taylors recently held a ribbon-cutting at 5010 Old Spartanburg Road in Taylors. The restaurant’s hours are 10:45 a.m.-9:30 p.m. Monday-Thursday and Saturday, and 10:45 a.m.-10 p.m. on Friday. For more information, visit facebook.com/migspizzaoftaylors or migsoftaylors.com, or call 864-268-3001.

3. Cari’s Creations and Home Décor recently held a ribbon-cutting at 201 Trade St. in Greer. The store offers home furnishings and accessories. The store is open Tuesday, Wednesday and Friday from 10:30 a.m.-6 p.m., Thursday from 10:30 a.m.-8 p.m., and Saturday 10:30 a.m.-4 p.m. For more information, visit cariscreation.net or call 864-655-5022.

HOW FAST DO YOU NEED TO GO? GLOBALVISION will give you the speed you need to: Grow Sales, Reduce Costs and Provide Better Customer Service

Commercial Real Estate Services At Avison Young, we know the status quo is no longer acceptable. Clients want

Learn more about how our approach might help you at avisonyoung.com

new approach. So we’ve aligned our structure in a collaborative model focused on client performance and satisfaction.

Avison Young is the world’s fastest-growing

intelligent solutions that deliver a better client experience - and better results.

• Advanced Data and Communications Solutions • Internet, Colo, Wireless and Network Services • Locally managed since 1996

providing a full range of value-added services to real estate owners and occupiers.

Partnership. Performance.

864.334.4145 30

UPSTATE BUSINESS JOURNAL

www.globalvision.net | 864.467.1333 July 25, 2014

Historic photograph available from the Greenville Historical Society.

SNAPSHOT A quick look into the Upstate’s past

From “Remembering Greenville: Photographs from the Coxe Collection,” by Jeffrey R. Willis

With the aid of Works Progress Administration funds, a new Greenville Senior High School was completed in 1936 at the intersection of Augusta and Vardry streets. The cream brick building, which had a modern gymnasium and library, could accommodate 1,000 students. At the time there were three high schools in the Greenville metropolitan area, including GHS, Parker High School and Sterling High School, the latter being for African-American students. Sterling High School was closed in 1970, by which time Greenville High had been integrated.

Today Greenville Senior High Academy of Law, Finance and Business has an enrollment of more than 1,400 students. The building has undergone many modifications and renovations over the past seven decades, one of which was in 2007 when the renovations included a 70,000-square-foot addition. GREG BECKNER / STAFF

MARKETING & EVENTS

IN THIS WEEK’S ISSUE OF UBJ? WANT A COPY FOR YOUR LOBBY?

Kate Madden

DIGITAL STRATEGIST PRESIDENT/CEO Mark B. Johnston mjohnston@communityjournals.com

UBJ PUBLISHER

ART & PRODUCTION ART DIRECTOR Kristy M. Adair OPERATIONS Holly Hardin

EXECUTIVE EDITOR

Michael Allen, Whitney Fincannon

MANAGING EDITOR Jerry Salley jsalley@communityjournals.com

SENIOR BUSINESS WRITER Jennifer Oladipo

STAFF WRITERS

Sherry Jackson, Cindy Landrum, April A. Morris, Joe Toppe

CONTRIBUTING WRITER Jeanne Putnam

PHOTOGRAPHER Greg Beckner MARKETING & ADVERTISING SALES REPRESENTATIVES Kristi Jennings, Donna Johnston, Annie Langston, Lindsay Oehman, Pam Putman

UBJ milestone

UBJ milestone jackson Marketing Group’s 25 Years 1988 Jackson Dawson opens in Greenville at Downtown Airport

Emily Price

Ryan L. Johnston rjohnston@communityjournals.com Susan Clary Simmons ssimmons@communityjournals.com

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

1988

1997 Jackson Dawson launches motorsports Division 1993

1990 Jackson Dawson acquires therapon marketing Group and moves to Piedmont office Center on Villa.

with a majority of them utilizing the general aviation airport as a “corporate gateway to the city.” In 1997, Jackson and his son, Darrell, launched Jackson Motorsports Group. The new division was designed to sell race tires and go to racetracks to sell and mount the tires. Darrell Jackson now serves as president of the motorsports group and Larry Jackson has two other children and a son-in-law who work there. Jackson said all his children started at the bottom and “earned their way up.” Jackson kept the Jackson-Dawson branches in Detroit and others in Los Angeles and New York until he sold his portion of that partnership in 2009 as part of his estate planning. The company now operates a small office in Charlotte, but its main headquarters are in Greenville in a large office space off Woodruff Road, complete with a vision gallery that displays local artwork and an auditorium Jackson makes available for non-profit use. The Motorsports Group is housed in an additional 26,000 square feet building just down the street, and the agency is currently looking for another 20,000 square feet. Jackson said JMG has expanded into other verticals such as financial, healthcare, manufacturing and pro-bono work, but still has a strong focus on the auto industry and transportation. It’s

Chairman larry Jackson, Jackson marketing Group. Photos by Greg Beckner / Staff

Jackson Marketing Group celebrates 25 years By sherry Jackson | staff | sjackson@communityjournals.com

Solve. Serve. Grow. Those three words summarize Jackson Marketing Group’s guiding principles, and according to owner Larry Jackson, form the motivation that has kept the firm thriving for the past 25 years.

Jackson graduated from Bob Jones University with a degree in video and film production and started his 41-year career in the communications industry with the U.S. Army’s Public Information Office. He served during

Vietnam, where he said he was “luckily” stationed in the middle of Texas at Fort Hood. He left the service and went to work in public affairs and motorsports at Ford Motor Company in Detroit. After a stint at Bell and Howell, where he was responsible for managing Ford’s dealer marketing and training, the entrepreneurial bug hit and he co-founded Jackson-Dawson Marketing Communications, a company specializing in dealer training and product launches for the auto industry in 1980. In 1987, Jackson wanted to move back south and thought Greenville would be a good fit. An avid pilot, he

learned of an opportunity to purchase Cornerstone Aviation, a fixed base operation (FBO) that served as a service station for the Greenville Downtown Airport, providing fuel, maintenance and storage. In fact, when he started the Greenville office of what is now Jackson Marketing Group (JMG) in 1988, the offices were housed on the second floor in an airport hangar. “Clients would get distracted by the airplanes in the hangars and we’d have to corral them to get back upstairs to the meeting,” Jackson said. Jackson sold the FBO in 1993, but says it was a great way to get to know Greenville’s fathers and leaders

2003 motorsports Division acquires an additional 26,000 sq. ft. of warehouse space

1998 1998 Jackson Dawson moves to task industrial Court

also one of the few marketing companies in South Carolina to handle all aspects of a project in-house, with four suites handling video production, copywriting, media and research and web design. Clients include heavyweights such as BMW, Bob Jones University, the Peace Center, Michelin and Sage Automotive. Recent projects have included an interactive mobile application for Milliken’s arboretum and 600-acre Spartanburg campus and a marketing campaign for the 2013 Big League World Series. “In my opinion, our greatest single achievement is the longevity of our client relationships,” said Darrell Jackson. “Our first client from back in 1988 is still a client today. I can count on one hand the number of clients who have gone elsewhere in the past decade.” Larry Jackson says his Christian faith and belief in service to others, coupled with business values rooted in solving clients’ problems, have kept

2009 Jackson Dawson changes name to Jackson marketing Group when larry sells his partnership in Detroit and lA 2003

2009-2012 Jackson marketing Group named a top BtoB agency by BtoB magazine 4 years running

him going and growing his business over the years. He is passionate about giving back and outreach to non-profits. The company was recently awarded the Community Foundation Spirit Award. The company reaffirmed its commitment to serving the community last week by celebrating its 25th anniversary with a birthday party and a 25-hour Serve-A-Thon partnership with Hands on Greenville and Habitat for Humanity. JMG’s 103 full-time employees worked in shifts around the clock on October 22 and 23 to help construct a house for a deserving family. As Jackson inches towards retirement, he says he hasn’t quite figured out his succession plan yet, but sees the companies staying under the same umbrella. He wants to continue to strategically grow the business. “From the beginning, my father has taught me that this business is all about our people – both our clients and our associates,” said his son, Darrell. “We have created a focus and a culture that strives to solve problems, serve people and grow careers.” Darrell Jackson said he wants to “continue helping lead a culture where we solve, serve and grow. If we are successful, we will continue to grow towards our ultimate goal of becoming the leading integrated marketing communications brand in the Southeast.”

2011 Jackson marketing Group/Jackson motorsports Group employee base reaches 100 people

2008 2012 Jackson marketing Group recognized by Community Foundation with Creative spirit Award

pro-bono/non-proFit Clients American Red Cross of Western Carolinas Metropolitan Arts Council Artisphere Big League World Series The Wilds Advance SC South Carolina Charities, Inc. Aloft Hidden Treasure Christian School

CoMMUnitY inVolVeMent & boarD positions lArry JACkson (ChAirmAn): Bob Jones University Board chairman, The Wilds Christian Camp and Conference Center board member, Gospel Fellowship Association board member, Past Greenville Area Development Corporation board member, Past Chamber of Commerce Headquarters Recruiting Committee member, Past Greenville Tech Foundation board member David Jones (Vice President Client services, Chief marketing officer): Hands on Greenville board chairman mike Zeller (Vice President, Brand marketing): Artisphere Board, Metropolitan Arts Council Board, American Red Cross Board, Greenville Tech Foundation Board, South Carolina Chamber Board eric Jackson (Jackson motorsports Group sales specialist): Salvation Army Boys & Girls Club Advisory Board

November 1, 2013 Upstate bUsiness joUrnal 21

20 Upstate bUsiness joUrnal November 1, 2013

AS SEEN IN

NOVEMBER 1, 2013

ADVERTISING DESIGN CLIENT SERVICES Anita Harley, Jane Rogers

HOW TO CONTRIBUTE STORY IDEAS: ideas@upstatebusinessjournal.com

EVENTS: events@upstatebusinessjournal.com

Order a reprint today, PDFs available for $25. For more information, contact Anita Harley 864.679.1205 or aharley@communityjournals.com

DIGITAL AND SOCIAL MEDIA TWITTER: Follow us @UpstateBiz FACEBOOK: TheUpstateBusinessJournal LINKEDIN: Upstate Business Journal

NEW HIRES, PROMOTIONS, AND AWARDS: onthemove@upstatebusinessjournal.com UBJ welcomes expert commentary from business leaders on timely news topics related to their specialties. Guest columns run 700-800 words. Contact Executive Editor Susan Clary Simmons at ssimmons@communityjournals.com to submit an article for consideration.

publishers of

u UP NEXT COMING SOON: Special Issue: Focus on Leadership Who’s building leaders in the community? What are questions leaders should never ask? What can we learn from the military, football coaches and university presidents? Special Issue: Focus on Technology Is the outsourcing scare over? Can social media change how we enjoy downtown? What exactly is data mining, and should we be scared? Is 3-D imaging the wave of the future? Got any thoughts? Care to contribute? Let us know at ideas@upstatebusinessjournal.com.

Copyright @2014 BY COMMUNITY JOURNALS LLC. All rights reserved. Upstate Business Journal is published weekly by Community Journals LLC. P.O. Box 2266, Greenville, South Carolina, 29602. Upstate Business Journal is a free publication. Annual subscriptions (52 issues) can be purchased for $50. Postmaster: Send address changes to Upstate Business, P.O. Box 2266, Greenville, SC 29602. Printed in the USA.

PO Box 2266, Greenville, SC 29602 | 864-679-1200 | communityjournals.com UBJ: For subscriptions, call 864-679-1240 | UpstateBusinessJournal.com

July 25, 2014

UPSTATE BUSINESS JOURNAL