the affluent Myers Park neighborhood. Only 7,972 square feet remain in
the 62,851 square foot commercial building, representing four
available office suites ranging in square feet from 1,381 to 2,674 sf.
Marshall Williamson and Kara Schroer of Colony Development Partners
represented the landlords in all office transactions.
These office leases quickly follow the recent announcement that
Tranquil Court's first two floors of retail space were fully leased by
Charles Thrift of Crosland. Over 39,000 sf of the space has been
signed since March. Mellow Mushroom, Metro Fitness, Salon P, Fabo
Café, William Bray Law Firm and J.F. Schultze Construction are all
currently open and occupy the building. All signed tenants except
Tranquil Family Dentistry will be open by the end of 2010.
Medalist Capital Inc., (3,787 sf) a commercial mortgage banking
company that specializes in arranging permanent, non-recourse
financing for its customers, is relocating its corporate headquarters
to Tranquil Court. The company has locations in five cities throughout
the Southeast – Charlotte, Raleigh, Charleston, Atlanta and Tampa.
Medalist Capital, which was formed in March 2004, plans to open its
doors at Tranquil Court in early December. The company's loan
producers have over 135 years of combined experience in the mortgage
banking industry.
"This new location is close to where many of our employees live," said
Don Williams, president of Medalist Capital. "Tranquil Court is in a
pocket of commercial development that provides many walking options
during and after work such as Nolen Kitchen, Mellow Mushroom, Selwyn
Pub, Yoforia, Reid's and others. We think this will be a vibrant area
to work."
Robby Kirby and Bailey Patrick with Merrifield Patrick Vermillion
represented Medalist Capital in the transaction.
Dixon Wells Inc. (2,674 sf) is a financial advisory business and plans
to join Tranquil Court on Selwyn Dec. 1. The office will be run by
husband-and-wife team, Stephen and Laura Grice.
Stephen, who grew up on Selwyn Avenue, said he is excited to relocate
the Dixon Wells' Charlotte office to Tranquil Court. Laura is
principal with Dixon Wells, while Stephen is a registered principal
with Transamerica Financial Advisors. They handle insurance and
investments, respectively.
The office will employ a team of professional advisors dedicated to
clients' goals. Through training and coaching, custom case design,
underwriting and more, the firm helps to deliver dramatic results to
clients while protecting their practice and building their business.
With locations in Birmingham, Ala. and Charlotte, N.C., Dixon Wells
has over 200 years of industry experience encompassing key
professional designations.
Robby Kirby of Merrifield Patrick Vermillion handled the transaction.
An Ashley Furniture HomeStore (4,220 sf) office is expected to join
Tranquil Court in mid-November. This office will house executives as
well as the accounting and IT departments for the Charlotte-area
market's 12 stores. Founded in 1945, Ashley Furniture is based in
Wisconsin and the HomeStore brand is the No. 1 retailer of furniture
and bedding in the United States.
Scott Mileham of New South Properties of the Carolinas handled the
transaction.
Alice Carmichael Richey PLLC (1,636 sf) is expected to open its doors
in early 2011.
Handling almost every type of litigation over her career, Alice Richey
has represented both plaintiffs and defendants, individuals and large
corporations. She is experienced both in the courtroom and in
assessing the rights and liabilities of parties involved in a variety
of relationships including: corporate, partnership, contractual, real
estate, insurance, landlord/tenant, franchisor/franchisee,
construction, employment, and creditor/debtor.
Richey also has extensive experience in all aspects of trademark and
copyright law, as well as experience representing parties involved in
business and personal torts and claims of unfair trade practices and
competition.
Richey was formerly a partner with Kennedy Covington Lobdell & Hickman
LLP, where she practiced for 22 years. She was a partner for one year
at K&L Gates, LLP (by merger with Kennedy Covington) before founding
her own firm.
Scott Wilson of Childress Klein Properties represented Alice
Carmichael Richey PLLC in the transaction.
In addition, Tranquil Court's residential building is expecting three
new closings this month.
About Crosland LLC
Founded in 1937, Crosland is one of the most prominent diversified
real estate companies in the Southeast and is recognized as a leading
community builder. Its expertise in retail, multi-family, office, land
development, and general contracting enables it to be an innovator in
multi- and mixed-use development.
Headquartered in Charlotte, N.C., Crosland has offices in Raleigh,
Orlando, Tampa and Nashville, and develops, builds and manages
properties in the Carolinas, Florida, Kentucky, Georgia, Tennessee and
Virginia. The privately held company has developed over 26,000 multi-
family units (including 3,600 affordable housing units since 1989),
over 10 million square feet of retail projects, and over 20,000 single-
family lots. Currently, Crosland owns and/or manages for third-party
clients over 6.3 million square feet of retail space and 6,500 rental
apartments. For more detail, visit crosland.com.
