Member News | Feb. 13 – 17

MITSUBISHI CATERPILLAR FORKLIFT AMERICA INC. ANNOUNCES REPRESENTATION CHANGES FOR CAT® LIFT TRUCKS, MITSUBISHI FORKLIFT TRUCKS AND JUNGHEINRICH® MATERIAL HANDLING EQUIPMENT IN NORTH AND SOUTH CAROLINA

Mitsubishi Caterpillar Forklift America Inc. (MCFA) announced today that it has appointed G&W Equipment, Inc. to represent its three flagship brands (Cat® lift trucks, Mitsubishi forklift trucks and Jungheinrich® warehouse products) in the western portion of North Carolina and South Carolina.

G&W Equipment, Inc. was founded in 1963 and has been under current ownership of the Mike Sabbagh family since 1988. They have been a Mitsubishi forklift truck dealer in this same territory since 1997, with facilities in Charlotte and Greensboro, North Carolina, and Greenville and Columbia, South Carolina.

“G&W Equipment has been a longstanding and reliable partner to MCFA for more than a decade,” said Kent Eudy, vice president for sales and marketing at MCFA. “Their experience with our Mitsubishi forklift truck brand of products allows for a seamless transition over to representation of Cat lift trucks and Jungheinrich brands.”

MCFA has awarded G&W Equipment their prestigious “Five Star Customer Service” award on numerous occasions. G&W is also a perennial “Dealer of Excellence”, having achieved ‘Dealer of the Year’ status multiple times in the past 15 years of service.

“Loyal users of Cat lift trucks and Jungheinrich forklifts can rest assured that the G&W team is well prepared to carry on the longstanding tradition of excellence and dependability they have come to expect from our products,” said Eudy.

 G&W Equipment, Inc. will immediately assume representation responsibilities for all MCFA brands in the western portion of North Carolina and South Carolina, while Gregory Poole Equipment Company continues their tradition of excellent representation for the brands in the eastern portion of North Carolina, South Carolina and Virginia.

About Mitsubishi Caterpillar Forklift America Inc. (MCFA)

Manufacturer of Industry-Leading Material Handling Equipment Mitsubishi Caterpillar Forklift America Inc. (MCFA) is a leading manufacturer of forklifts in the United States, Mexico, Canada and Latin America. Based in Houston, Texas, the company distributes three distinct brands – Mitsubishi forklift trucks, Cat® lift trucks and Jungheinrich® warehouse products. MCFA features the industry’s most extensive dealer network in North, Central and South America. The company provides customers with quality lift truck products that range from warehousing to industrial applications and are backed by industry-leading customer service. For more information about MCFA or any of the brands it manufactures and distributes, visit http://www.mcfa.com, http://www.cat-lift.com, http://www.jungheinrich-lift.com or http://www.mitlift.com.

About G&W Equipment, Inc.

Based in Charlotte, NC, G&W Equipment Inc. was founded in 1963 and has been under current ownership of the Mike Sabbagh family since 1988. In addition to representing MCFA brands of material handling equipment, G&W specializes in aftermarket replacement parts support and service for all makes and models of forklifts. With their experienced and well trained service technician team, G&W places particular emphasis on highly sophisticated systems installations and maintenance. For more information, visit their website at: www.gwequip.com.

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NAI AVANT REPORTS STEADY IMPROVEMENT IN COLUMBIA

COMMERCIAL REAL ESTATE

For the sixth straight month employment showed positive growth in the Columbia Metropolitan Statistical Area. In December 2011, 348,500 persons were employed – 21,600 short of the peak in 2007, according to NAI Avant’s Columbia Commercial Real Estate Report. This positive trend was a contributing factor to the performance of Columbia’s commercial real estate market which ended the fourth quarter with positive net absorption in all market segments.

The Industrial market segment ended the fourth quarter 2011 with a net absorption of 792,756 square feet, representing the best quarterly performance of 2011, although the vacancy rate increased to 10.6 percent.

The office market ended the fourth quarter with an 8.9 percent vacancy rate, slightly down from the previous quarter. Net absorption was positive 134,496 square feet in the fourth quarter, compared to negative 56,609 square feet in the third quarter.

The retail market saw little change from the previous quarter. Vacancy edged to 6.5 percent in the fourth quarter compared to 6.4 percent in the third quarter. Net absorption was positive 41,778 square feet in the fourth quarter.

About NAI Avant

NAI Avant’s commercial real estate business is one of the largest in the Southeast.  With over 65 professionals, the firm provides comprehensive brokerage, leasing, development, property and project management services. For nearly three consecutive decades, the group has had more of its brokerage professionals recognized as top producers or recipients of the top awards than any other firm in South Carolina. As a member of the NAI Global Network, NAI Avant is affiliated with over 350 offices and 5,000 professionals in 55 countries across the globe. NAI Global is the largest independent commercial real estate service provider worldwide and a wholly owned subsidiary of C-III Capital Partners. NAI Avant’s Property and Project Management Group currently manages a multi-million square foot portfolio of properties across South Carolina, North Carolina, and Georgia. Through its Avant Healthcare Division, the firm provides comprehensive services to hospitals, clinics, and physician groups. NAI Avant, founded in 1966, is headquartered in Columbia, SC with an office in Charleston, SC. Find out more about NAI Avant and its services at www.naiavant.com. Be sure to follow us on Twitter @NAI Avant and like us on Facebook.

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CHARLESTON COMMERCIAL REAL ESTATE DEMONSTRATES BROAD BASED SUBSTANTIAL IMPROVEMENT

NAI Avant’s fourth quarter 2011 report notes broad based substantial improvement in industrial, office and retail markets.

The industrial market ended the year with an overall vacancy rate of 9.5 percent, down from the third, second and first quarters ending at 9.9 percent, 10.2 percent and 11 percent, respectively.  Net absorption was positive 520,100 square feet for the fourth quarter.

Overall vacancy rate for the Charleston office market was down 0.5 percent from the previous quarter, ending at 8.0 percent. Net absorption totaled positive 195,405 square feet, up from the third quarter at 83,547. Class A properties reported a slight decrease in vacancy rate ending at 9.7 percent and Class B properties reported a 9.6 percent vacancy also down from the previous quarter. The overall vacancy rate in downtown Charleston at the end of the fourth quarter decreased to 4.7 percent.

The retail sector vacancy rate decreased 0.2 percent from the third quarter, ending at 5.4 percent. Net absorption was strong in the fourth quarter totaling 208,817 square feet, up from the previous quarter of positive 131,094 square feet.

“The Charleston Metro Market has experienced employment growth for 18 consecutive months triggering a substantial decrease in all market segment vacancies. We anticipate this trend will continue throughout 2012 accelerating sales and leasing deal velocity,” said David Grubbs, Managing Principal and Broker-In-Charge of the NAI Avant Charleston Office.

About NAI Avant

NAI Avant’s commercial real estate business is one of the largest in the Southeast.With over 65 professionals, the firm provides comprehensive brokerage, leasing, development, property and project management services.  For nearly three consecutive decades, the group has had more of its brokerage professionals recognized as top producers or recipients of the top awards than any other firm in South Carolina. As a member of the NAI Global Network, NAI Avant is affiliated with over 350 offices and 5,000 professionals in 55 countries across the globe. NAI Global is the largest independent commercial real estate service provider worldwide and a wholly owned subsidiary of C-III Capital Partners. NAI Avant’s Property and Project Management Group currently manages a multi-million square foot portfolio of properties across South Carolina, North Carolina, and Georgia. Through its Avant Healthcare Division, the firm provides comprehensive services to hospitals, clinics, and physician groups. NAI Avant, founded in 1966, is headquartered in Columbia, SC with an office in Charleston, SC. Find out more about NAI Avant and its services at www.naiavant.com. Be sure to follow us on Twitter @NAI Avant and like us on Facebook.

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MAJOR GENERAL ABRAHAM TURNER TO PRESENT KEYNOTE ADDRESS

Goodwill Industries of Upstate/Midlands South Carolina announced today that Major General Abraham Turner, Executive Director of the South Carolina Department of Employment and Workforce, will present the keynote address at the 2012 Goodwill Partners in the Power of Work luncheon on March 28, 2012 at the Columbia Metropolitan Convention Center.

Major General Abraham J. Turner was appointed to serve as the Executive Director of the SC Department of Employment and Workforce by Governor Nikki Haley in May 2011.  He is responsible for the overall administration and management of the Department.  One of his major focuses is, “putting South Carolinians back to work.”

Prior to his appointment, General Turner served as chief of staff of the U.S. Strategic Command at Offutt Air Force Base in Omaha, Nebraska.  From 2004 to 2005, he served as the commanding general at Fort Jackson, where he was responsible for training half of all soldiers entering the Army each year.  His experience also includes service as chief operations officer for the U.S. Army Training and Doctrine Command at Fort Monroe, Virginia; assistant division commander for operations for the 82nd Airborne Division at Fort Bragg, North Carolina; chief and head of the Army Liaison Element for the U.S. House of Representatives; and adviser and special assistant to the U.S. Secretary of State in Washington, D.C.

Partners in the Power of Work will honor Midlands Technical College, The United Way of the Midlands, and the Arnold School of Public Health, University of South Carolina Office for the Study of Aging their dedication to helping thousands of South Carolina citizens achieve independence through employment each year.  Each of these organizations is a significant partner in Goodwill’s job training and placement programs in the Midlands and has contributed directly to the success of the individuals who have benefitted from Goodwill’s employment services.   They have shared their time, talents, and resources – both financial and educational – to help people in the Midlands change their lives through the Power of Work.

For additional information or to purchase tickets for the event, please visit www.goodwillsc.org/powerofwork.

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NAI AVANT CONSUMMATES LEASE TRANSACTION WITH MARINE ENGINEERING FIRM, AMEE BAY

NAI Avant’s Charleston office recently facilitated the lease transaction with Amee Bay, LLC, of Anchorage, Alaska. The marine engineering firm will occupy 40,000 square feet of space at 915 Commerce Circle in Hanahan, SC.

About Amme Bay

Amee Bay, LLC, provides customers with effective commercial and maritime engineering, while maximizing maintenance solutions. Amme Bay, LLC is headquartered in Anchorage, Alaska, with an operational office in Charleston, SC. Other facilities are strategically located near maritime and naval activity including: Norfolk, VA; San Diego, CA; Mayport, FL and Wasilla, AK.

 

About NAI Avant

NAI Avant’s commercial real estate business is one of the largest in the Southeast.  With over 65 professionals, the firm provides comprehensive brokerage, leasing, development, property and project management services.  For nearly three consecutive decades, the group has had more of its brokerage professionals recognized as top producers or recipients of the top awards than any other firm in South Carolina. As a member of the NAI Global Network, NAI Avant is affiliated with over 350 offices and 5,000 professionals in 55 countries across the globe. NAI Global is the largest independent commercial real estate service provider worldwide and a wholly owned subsidiary of C-III Capital Partners. NAI Avant’s Property and Project Management Group currently manages a multi-million square foot portfolio of properties across South Carolina, North Carolina, and Georgia. Through its Avant Healthcare Division, the firm provides comprehensive services to hospitals, clinics, and physician groups. NAI Avant, founded in 1966, is headquartered in Columbia, SC with an office in Charleston, SC. Find out more about NAI Avant and its services at www.naiavant.com. Be sure to follow us on Twitter @NAI Avant and like us on Facebook.

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NICK STOMSKI, SIOR ACHIEVES SIOR DESIGNATION FROM SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®

Nick Stomski, SIOR of NAI Avant has achieved the SIOR Industrial designation awarded by the Society of Industrial and Office Realtors®. SIOR is a Washington, DC – based international professional organization of more than 3,000 commercial real estate professionals, 2,800 of whom have earned the coveted SIOR designation.

To achieve the SIOR designation, Stomski, SIOR, completed at least five years of creditable experience in the highly specialized field of industrial real estate; met stringent education requirements; and demonstrated professional ability, competency, ethical conduct, and personal integrity.

Individuals who hold the SIOR designation are top producers in the commercial real estate field and are represented in more than 630 cities in 29 countries around the world. SIOR enforces a strict code of ethics and required designees to complete its ethics course within their first three years of membership.

Nick has been active in commercial real estate with NAI Avant for over five years and was named a 2010 Columbia Region Top Industrial Leasing Broker by the CoStar Group. In the last 36 months Nick has completed over 100 transactions and was named the Top Broker for NAI Avant this past quarter.

 

About Society of Industrial and Office Realtors®

Headquartered in Washington, D.C., the Society of Industrial and Office Realtors® (SIOR) is a global professional organization that certifies commercial real estate service providers with the exclusive SIOR designation. Individuals who earn their SIOR designation adhere to the highest levels of accountability and ethical standards. Only the industry’s top professional qualify for the SIOR. Today, there are 3,000 SIOR members in 630 cities in 29 countries.

 

About NAI Avant

NAI Avant’s commercial real estate business is one of the largest in the Southeast.  With over 65 professionals, the firm provides comprehensive brokerage, leasing, development, property and project management services.  For nearly three consecutive decades, the group has had more of its brokerage professionals recognized as top producers or recipients of the top awards than any other firm in South Carolina. As a member of the NAI Global Network, NAI Avant is affiliated with over 350 offices and 5,000 professionals in 55 countries across the globe. NAI Global is the largest independent commercial real estate service provider worldwide and a wholly owned subsidiary of C-III Capital Partners. NAI Avant’s Property and Project Management Group currently manages a multi-million square foot portfolio of properties across South Carolina, North Carolina, and Georgia. Through its Avant Healthcare Division, the firm provides comprehensive services to hospitals, clinics, and physician groups. NAI Avant, founded in 1966, is headquartered in Columbia, SC with an office in Charleston, SC. Find out more about NAI Avant and its services at www.naiavant.com. Be sure to follow us on Twitter @NAI Avant and like us on Facebook.

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