FINE PRINT Business briefs you can’t miss
Greenville Water honored for management excellence The Association of Metropolitan Water Agencies (AMWA) honored Greenville Water with the Gold Award for Exceptional Utility Performance in ceremonies at its 2014 Executive Management Conference. “This award is recognition of Greenville Water’s ability to provide quality water to
Watermark Advisors offers M&A class Watermark Advisors, a Greenville investment bank, will present a one-day class for company leaders interested in growing through mergers and acquisitions (M&A). The class will be held on Nov. 6 and again Nov. 12 at the Poinsett Club in Greenville. In addition to processes of a transaction phase, the class will also cover best practices in how to prepare for M&A and how to integrate an acquisition after the transaction is closed. The cost is $1,000 per person and includes a Poinsett Club lunch and wine and beer networking at the end of the day. A detailed program is available at watermarkadvisors.com. For more information and to register, contact Dee Grumbos by Oct. 30 at dgrumbos@watermark advisors.com.
our customers in a sustainable manner while responsibly managing our finances and infrastructure,” said Greenville Water CEO David Bereskin. A peer review of Greenville Water examined product quality, customer satisfaction, employee development, financial vitality and infrastructure stability. The
peer review cited Greenville Water’s accomplishments, including completion of the first formal Natural Resources Management Plan for two of its watersheds. Greenville Water also obtained a permitted water resource portfolio from three separate watersheds that can sustain its service area with water for over 56 years.
Central Realty announces $70M Alabama development
Alliance Partners acquires Spartanburg warehouse complex This week, CBRE Greenville announced the recent acquisition of the Viking Warehouse Facility, a 350,000-square-foot warehouse/distribution facility in Spartanburg, by an affiliate of Alliance Partners HSP LLC. Alliance is a private real estate investment company headquartered in Philadelphia. CBRE’s Campbell Lewis represented Alliance. Comprised of two warehouse buildings on a 28.7-acre site located at 2071 Fryml Drive in Spartanburg County, Viking was formerly home to American Fast Print. In recent years, the property sat mostly vacant. Alliance plans to invest significant capital to reposition Viking from Class C to Class A condition, according to a statement from CBRE. Renovations will include new lighting, roofing, dock doors, ventilation and paving, as well as adding new access from Fryml Drive. Completion is expected in spring 2015.
Central Realty Holdings CEO Rece Morgan announced that the Greenville-based company will develop a $70 million mixeduse project in Hunstville, Ala. The project, to be called Big Spring Square, will include a 100-unit hotel, 200 residential urban units, 28,000 square feet of shops, restaurants and offices and 60,000 square feet of community space, and will break ground in April 2015. The names of the stores and hotel were not announced. Central Realty will lease the six-acre site for 99 years, paying $144,000 per year, according to al.com. The city will demolish the hotel currently on the site, clear the land and do streetside landscaping. The project is planned to open during the summer of 2016.
CONCEPTUAL RENDERING
Big Spring Square Huntsville, AL 10.13.14
Clems n Every Game October 24, 2014
UPSTATE BUSINESS JOURNAL
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