NEWS

Scottish Re Relocates Charlotte Office

Cherry & Associates has represented Scottish Re (U.S.) Inc. in the relocation of its Charlotte office within the Ballantyne Corporate Park. C&A thanks CEO Gregg Klingenberg, General Counsel Katherine Billingham & Executive Administrator Lisa Kluttz for their assistance in the transaction. Scottish Re will move into its new 10,147 SF space in the Hall Building in mid- January 2019. Redline Design Group was hired as Project Architect, BCMG as Project Manager and Moss Construction as General Contractor. A Tenant in Ballantyne since 2004, Scottish Re is engaged in the reinsurance of life insurance and annuities.

MGC Law Relocates to Downtown Atlanta

MGC Law has relocated its Atlanta office to 270 Peachtree, where it will lease the full 18th floor. Cherry & Associates thanks Michael Tabb with Red Rock Global for his partnership in the local representation of MGC in the transaction. C&A also extends its appreciation to building owner Richard Bowers and building asset manager, Carr Kaufmann, for their assistance in the transaction. MGC opened the doors to its new office on January 2, 2019.

Levvel

Cherry & Associates has represented Levvel in the 24,169 SF lease into 101 Independence Center in Uptown Charlotte.  Levvel, founded by John Espey, Chris Hart and Matt Ernst, is a development and consulting company focused in the technology arena. Redline Design Group is the architect on the project and BCMG was selected as project manager. Levvel anticipates opening its doors to the new office early November 2018. Cherry & Associates extends its appreciation to John Espey, Sean Shealy, Scott Harkey, Christoph Kouri and Steve Bernet at Levvel, for a team effort throughout the transaction.

Hull & Chandler

Cherry & Associates represented Hull & Chandler, in the expansion of its space, at Morehead Square in Midtown.  Cherry & Associates thanks Michael Chandler and Nathan Hull for their assistance on behalf of Hull & Chandler in the transaction.  C&A thanks Anne Vulcano for her assistance on behalf of the landlord, Springland-Morehead Square, LLC.

Carolina SculpSure

Cherry & Associates has represented Carolina SculpSure in the negotiation of its lease at Carnegie VII in South Park.  Cherry & Associates thanks Dr. David Lipsitz for his assistance on behalf of Carolina SculpSure in the transaction.  C&A thanks Dillard Williams for his assistance on behalf of the landlord, Spectrum.

Accounting by the Books

Cherry & Associates represented Accounting by the Books for its lease at Quail Plaza.  Cherry & Associates thanks Lori Squires for her assistance on behalf of Accounting by the Books in the transaction.  C&A thanks Kris Westmoreland for his assistance on behalf of the landlord, TriGate Capital.

Sale of 735 Johnnie Dodds Boulevard – Mt. Pleasant, South Carolina

Cherry & Associates has represented the owners in the sale of a 28,901 SF office building located at 735 Johnnie Dodds Boulevard in Mount Pleasant, South Carolina, for $7.8 million. C&A originally represented the owners in the purchase of the building in 2014; an entity established by members of the law firm of MGC Law. C&A provided asset management for ownership through the three and a half year hold period, assisting in the oversight of leasing and management by the local firm of Lee & Associates.  Prior to the sale, the building was stabilized to 95% occupancy, ultimately demanding a 7.5% cap rate for ownership. C&A wishes to thank long-time client MGC Law and its equity members.  C&A also thanks the team at Lee & Associates, in Charleston, for their partnership over the last 3 ½ years, along with their work in securing the sale of the building.

EnPro-CPI-Grand Prairie

Cherry & Associates represented EnPro-CPI-Grand Prairie in the buyout of its lease at 9802-42 Avenue Building in Grand Prairie, Alberta, Canada.  Cherry & Associates thanks Mike Braun for his assistance on behalf of EnPro-CPI in the transaction.  C&A thanks Tom Gramblieka for his assistance on behalf of the landlord, Toro Compressor Sales, LTD.

NuVue 20/20

Cherry & Associates represented NuVue 20/20 in the renewal and the subsequent purchase of its office space at Toringdon Medical Plaza II in Ballantyne.  Cherry & Associates thanks Dr. David Lupinski and Dr. Amir Khoshnevis for their assistance on behalf of NuVue in the transaction.  C&A thanks Reed Griffith for his assistance on behalf of the landlord, Flagship Healthcare Properties.

The Remi Group – New Headquarters

Cherry & Associates has represented The Remi Group in the lease of its new headquarters location in Charlotte, NC. Remi will occupy +/- 31,000 SF in The Nexus at Waverly, a 154,000 SF Class A building, developed by Childress Klein and being constructed by Shelco. The Nexus is the second office building in Waverly, a mixed-use development located south of I-485, at Providence and Ardrey Kell roads.  The Nexus is scheduled for completion in April 2019. Remi will relocate its headquarters from Ballantyne and will be operational in The Nexus by September 2019.  C&A wishes to thank Brent Howison and Dan Schuster from Remi for their on-going confidence and support over the past several years.