New Forum Partners Acquires Second Property

New Forum Partners has announced its latest acquisition of The Design Center at Lake Norman, a 71,352 square-foot flex office park located in Mooresville, North Carolina. Local real estate firm New Forum, Inc. launched the dedicated platform, New Forum Partners, focused exclusively on new development and acquisitions in Summer 2018.

The Design Center at Lake Norman was originally constructed in the 1940’s. The building served as a manufacturing facility for the Troutman Shirt Factory. In recent years, the mill was retrofit by previous owners Paul and Roz Streeter to accommodate office and warehouse users. “The demand for creative office space across the entire market coupled with the strong in-place tenancy in a fast-growing community perfectly aligned The Design Center at Lake Norman with our objectives,” said William Hodges, Managing Partner at New Forum Partners, “We enjoyed working with the Streeters throughout this process and are excited about New Forum Partners expanding our company’s presence into a new submarket in Mooresville.”

New Forum Partners is currently seeking tenants to complement the existing tenant mix and hope to attract businesses seeking a unique creative office option in the growing Mooresville market.

Matt Smith at CBRE represented the sellers of The Design Center at Lake Norman, Paul and Roz Streeter. Grant Keyes at Cushman & Wakefield will handle leasing for the Design Center at Lake Norman.

About New Forum Partners

Founded in 2018 to capitalize on New Forum’s development experience in an opportunistic real estate market, New Forum Partners primary focus is new development opportunities with additional lines of business in third party, fee-based development as well as acquisitions.

About New Forum

Based in Charlotte, New Forum is a real estate development, management and operating firm with a portfolio that includes office, retail, hotel, medical, multifamily and senior living. The company specializes in mixed-use communities that create a sense of place such as Ayrsley, a master-planned development in Steele Creek that includes more than two million square feet of office and retail space, four hotels, single-family homes, luxury apartments, restaurants and a 14-screen movie theater. For more information about New Forum visit www.newforum.net.

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New Forum Partners acquisition, Madison Corners, signs new lease

Uptown Cheapskate, a retail store that sells new and gently used designer goods, has signed a lease at Madison Corners, New Forum Partners’ latest acquisition. Local real estate firm New Forum, Inc. launched the dedicated platform, New Forum Partners, focused exclusively on new development and acquisitions in Summer 2018.

Uptown Cheapskate will occupy 5,500 square feet of retail space located at 5033 South Blvd., Suite E, in the neighborhood retail center. Customers can bring in their gently used clothes, shoes, bags and accessories, and snag deals on brands they love. Different than a consignment store where you have to wait for your items to sell to get paid, Uptown Cheapskate pays cash on the spot, or offers 25% MORE in store credit. At Uptown Cheapskate, you’ll find new and gently used clothes hand-selected for quality, style, and condition from brands like Lilly Pulitzer, Tory Burch, Anthropologie, Lulu Lemon, J. Crew, Banana Republic, Ted Baker, and more at a fraction of retail prices. Uptown Cheapskate also prides itself on validating and verifying designer authenticity by the latest technology. Uptown is proud to say they were the 1st in North Carolina that uses this technology called Entrupy. The retail store will hire between 20-25 employees ranging from management and part-time sales positions. Uptown Cheapskate is set to open by the end of 2019.

“We make resell easy,” said Leigh Frasso, Franchise Owner of Uptown Cheapskate. “Our guests can come in any day of the week with no appointment and receive cash on the spot for their gently used items.”

Madison Corners will be Uptown Cheapskate Franchise Owners Leigh and Jim Frasso’s third location in North Carolina, with stores in Huntersville and University. Their locations specifically cater to all styles and all sizes of their clientele aged 15-60 years old. “Madison Corners was the perfect spot to open our third location,” said Jim Frasso, Franchise Owner of Uptown Cheapskate. “The tremendous growth in this area, the accessibility of the roadways, parking and size of our retail store make this location ideal for our customers.”

What sets this franchise apart from similar concepts are the personal touches you feel from an upscale boutique vibe, to the high standard of customer service their associates provide the guests. Customers can expect a knowledgeable staff trained to help pick out outfits to help teach you about designer clothing and accessories. “We look forward to serving the South Charlotte area,” added Frasso.

“We are so excited to have Uptown Cheapskate choose Madison Corners,” said William Hodges of New Forum Partners. “To have an operator with Mr. Frasso’s expertise open their business with us further validates Madison Corners as a quality option for retailers to access the booming South End and Park Road submarkets.”

Madison Corners is a 34,710-square-foot retail strip center and a 6,600-square-foot outparcel. It has received over $1 million in capital improvements. The renovation includes a re-designed exterior, landscaping, parking lot improvements, new roof, new painting & wood features & signage.

Madison Corners is in the heart of the rapidly growing Madison Park, Montclaire and Archdale communities, approximately three miles northwest of South Park and seven miles south of Uptown Charlotte.  More than 91,700 residents earning an average household income of $103,279 live within a three-mile radius of the center.

Jay Mitchener of Thrift Commercial represented the landlord on the lease transaction. Julie Gardner of Katz & Associates represented the tenant.

New Forum Partners is currently seeking tenants to complement the booming Madison Park neighborhood such as high-end, fast casual restaurants, coffee shops, yoga and fitness users, bakeries or markets. Retail leasing of Madison Corners is handled through Jay Mitchener at Thrift Commercial.

About Uptown Cheapskate

Uptown Cheapskate has more than 70 stores nationwide and buys what you loved yesterday and sells what you want today. Each store is independently owned and operated by local small business owners. The upscale nature of Uptown Cheapskate sets them apart from thrift stores because these stores only buy, sell, and trade current clothing and fashion seen at retail stores in the previous 18 to 24 months. For more information on this franchise or for employment opportunities please email JLFRAZLLC@gmail.com

About New Forum Partners

Founded in 2018 to capitalize on New Forum’s development experience in an opportunistic real estate market, New Forum Partners primary focus is new development opportunities with additional lines of business in third party, fee-based development as well as acquisitions.

About New Forum

Based in Charlotte, New Forum is a real estate development, management and operating firm with a portfolio that includes office, retail, hotel, medical, multifamily and senior living. The company specializes in mixed-use communities that create a sense of place such as Ayrsley, a master-planned development in Steele Creek that includes more than two million square feet of office and retail space, four hotels, single-family homes, luxury apartments, restaurants and a 14-screen movie theater. For more information about New Forum visit www.newforum.net.

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New Forum Partners acquisition, Madison Corners, signs new lease

The Auto Pour (T.A.P.), an automated and self-serve tasting room, has signed a lease for its flagship location in Charlotte, NC with Madison Corners, New Forum Partners latest acquisition. Local real estate firm New Forum, Inc. launched the dedicated platform, New Forum Partners, focused exclusively on new development and acquisitions in Summer 2018.

The Auto Pour (T.A.P.) will occupy 2,906 square feet of retail space located at 5033 South Blvd., Suite O, in the neighborhood retail center. The Auto Pour’s self-serve tasting room offers new & innovate technology with taps that provide mere ounces for a tasting, half glass & full glass, all with the swipe of a customer’s stored value card. Guests can choose from a variety of wine, beer and hard cider. Technology is provided by Napa Technology WineStation and Pour My Beer Technology. The Auto Pour (T.A.P.) is set to open in Summer 2019.

“We are thrilled to now be part of the Madison Park community and showcase our passion for wine & the Napa Technology WineStation, which is brand new to Charlotte,” said Megan Benny, Co-Owner & General Manager of The Auto Pour (T.A.P.) “This area has a close-knit feel. We love what New Forum Partners has done to this retail center and look forward to contributing to the community.”

Customers can expect to explore sixty-four wines on tap from global, national and local wineries. There will also be a combination of eighteen beer, hard cider and kombucha on tap. Staff will be on hand to answer questions on selection and small plates will be served from the kitchen.  The casual atmosphere will include comfortable seating, community tables, a pet-friendly outdoor patio, live music and events throughout the year. “We love that our customers will have the independence to try what they want, when they want. We’ll also have a bottle shop & retail section to conveniently grab-n-go,” added Benny.

Madison Corners is a 34,710-square-foot retail strip center and a 6,600-square-foot outparcel. It has received over $1 million in capital improvements. The renovation includes a re-designed exterior, landscaping, parking lot improvements, new roof, painting & wood features & signage.

Madison Corners is in the heart of the rapidly growing Madison Park, Montclaire and Archdale communities and is approximately three miles northwest of South Park and seven miles south of Uptown Charlotte.  More than 91,700 residents earning an average household income of $103,279 live within a three-mile radius of the center.

Jay Mitchener of Thrift Commercial represented the landlord on the lease transaction. Lynn Caldwell of CRE Charlotte, Inc represented the tenant. Architect/interior designer is Raleigh-based Osterlund Architects, PLLC.

New Forum Partners is currently seeking tenants to complement the booming Madison Park neighborhood such as high-end and fast casual restaurants, coffee shops, yoga and fitness users, bakeries or markets. Retail leasing of Madison Corners is handled through Jay Mitchener at Thrift Commercial.

About The Auto Pour (T.A.P.)

Located in Charlotte, North Carolina, The Auto Pour (T.A.P.) is an automated and self-serve tasting room showcasing sixty-four global, national & local wines on tap, as well as a combination of eighteen beer, hard cider and kombucha on tap. Combining passion for wine & technology, the Myers Park retail location utilizes Napa Technology WineStation and Pour My Beer Technology, giving guests the opportunity to choose how much they pour, try and spend. The Auto Pour offers an industrial atmosphere, inviting seating and a pet-friendly outdoor patio. For more information please email theautopour@gmail.com

About New Forum Partners
Founded in 2018 to capitalize on New Forum’s development experience in an opportunistic real estate market, New Forum Partners primary focus is new development opportunities with additional lines of business in third party, fee-based development as well as acquisitions.

About New Forum
Based in Charlotte, New Forum is a real estate development, management and operating firm with a portfolio that includes office, retail, hotel, medical, multifamily and senior living. The company specializes in mixed-use communities that create a sense of place such as Ayrsley, a master-planned development in Steele Creek that includes more than two million square feet of office and retail space, four hotels, single-family homes, luxury apartments, restaurants and a 14-screen movie theater. For more information about New Forum visit www.newforum.net.

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Famous Toastery Signs Lease in Ayrsley

Famous Toastery, a popular regional chain of breakfast-lunch restaurants, has signed a lease for its first Southwest Charlotte location in the Ayrsley community of Steele Creek.

Famous Toastery will occupy 3,062 square feet of retail space located at 2127 Ayrsley Town Blvd., in the Arcade Building in Ayrsley. The space was previously occupied by Rooney’s Market and is located next to Carolina Beer Temple and across from Piedmont Social House. This location is set to open in Spring 2019.

“Famous Toastery chose Ayrsley due to the strong daytime population, walkability from nearby offices, apartments and hotels and a strong co-tenancy that complements our restaurant,” said Robert Maynard, founder. “Jason and Michele Serkin have proven to be an exceptional operator and we are excited to have them open a franchise in this booming part of town.”

This will be the Serkins’ fifth Famous Toastery location, and first in Charlotte, in addition to locations in Indian Land, Tega Cay, Rock Hill and Lake Wylie.

William Hodges, vice president and broker-in-charge at New Forum, represented the landlord on the lease transaction. Josh Beaver of The Nichols Company represented Famous Toastery.

Famous Toastery signs on the heels of WorldWide HealthStaff Solutions, Robins & Morton, & GiGi’s Playhouse, who all signed leases in Ayrsley in Q4 2018. Two Silver Crescent, an 88,000 sf Class-A office building, broke ground in December 2018, and is set to deliver in Fall 2019.

Robins & Morton & GiGi’s Playhouse Sign Leases at Ayrsley; Two Silver Crescent officially breaks ground

Charlotte, N.C., December 7, 2018 — Robins & Morton & GiGi’s Playhouse have both signed leases with New Forum at the Ayrsley community in Steele Creek. Total occupancy at the Steele Creek community increases to 98 percent

Construction Company, Robins & Morton has leased 3,850 square feet at the Charleston Row building at Ayrsley, maintaining the building’s occupancy at 100%.

GiGi’s Playhouse has leased 4,238 square feet at Ayrsley at the One Kings Parade building. GiGi's Playhouse is the only nationwide network of Down syndrome achievement centers; changing lives through free, results-driven programs for individuals of all ages, families and communities.

William Hodges, vice president and broker-in-charge at New Forum, represented the landlord on the lease transactions. Joe Cherry IV with Cherry & Associates represented Robins & Morton. Jim Gambrell of Gambrell Real Estate Consulting represented Gigi’s Playhouse.

Two Silver Crescent has officially broke ground. Construction has begun on the 88,000 square foot Class A Building, slated to deliver in Fall 2019. Leasing of Two Silver Crescent will be handled through William Hodges, Vice President & Broker-in-Charge at New Forum.

Two Silver Crescent Groundbreaking

From left to right: David Privitera-President & CEO of Concorde Construction, Amanda Gardner-CFO of New Forum, William Hodges-VP Broker-in-Charge of New Forum, Charley Hodges-President & CEO of New Forum, Tyler Steele-Executive Vice President Development & Asset Management, Gene Bodycott-Co-Founder & Board Member of New Forum

Two Silver Crescent is officially under construction! On Tuesday, December 4, 2018 a groundbreaking ceremony was held! Two Silver Crescent will be an 88,000-square-foot of Class A office space, in the heart of Ayrsley, which is being called the downtown of Steele Creek, Charlotte’s fastest growing community. Conveniently located off I-485 & South Tryon, Ayrsley provides a turnkey campus in a booming urban environment, bustling with restaurants & bars, movie theatre, shops, gyms, salons, hotels, colleges, multi-family homes and bowling & entertainment. The building will include free, covered parking (4.0/1,000 sf parking ratio), 10’ ceilings, collaborative & private areas through the building.  The tech / creative class design will assist its effort the attract the best of the next generation workforce.

More photos from groundbreaking ceremony HERE!

Construction begins on Two Silver Crescent, the latest Class A Office Building in Southwest Charlotte

Local real estate firm New Forum, Inc. announces groundbreaking of Two Silver Crescent, an 88,000 square-foot Class A Office building, located in the Town of Ayrsley in Southwest Charlotte. With this development, New Forum will move their corporate office to Two Silver Crescent, slated to deliver in Fall 2019.

Two Silver Crescent will be an 88,000-square-foot of Class A office space, in the heart of Ayrsley, which is being called the downtown of Steele Creek, Charlotte’s fastest growing community. Conveniently located off I-485 & South Tryon, Ayrsley provides a turnkey campus in a booming urban environment, bustling with restaurants & bars, movie theatre, shops, gyms, salons, hotels, colleges, multi-family homes and bowling & entertainment. The building will include free, covered parking (4.0/1,000 sf parking ratio), 10’ ceilings, collaborative & private areas through the building.  The tech / creative class design will assist its effort the attract the best of the next generation workforce.

New Forum will move its corporate office into Two Silver Crescent once construction is complete. “New Forum is outgrowing our current office with the addition of New Forum Partners, our new developments & acquisitions arm, and other new departments internally.  This, along with recent interest in Two Silver Crescent, make it the right time to add additional Class A office product to the Steele Creek/Airport submarket,” explained Tyler Steele, Executive Vice-President, Development & Asset Management at New Forum.  Ayrsley has a occupancy rate of 98%. New Forum is currently seeking tenants to complement the booming Ayrsley neighborhood. Leasing of Two Silver Crescent will be handled through William Hodges, Vice President & Broker-in-Charge at New Forum.

Two Silver Crescent is in the rapidly growing Steele Creek community and is approximately fifteen minutes from the Charlotte Douglas International Airport and Uptown Charlotte with easy access to I-485, I-77 & I-85.

The Two Silver Crescent team includes architect BB+M, civil engineer Isaacs Group, general contractor Concorde Construction, and property manager & leasing broker New Forum.

About New Forum

Based in Charlotte, New Forum is a real estate development, management and operating firm with a portfolio that includes office, retail, hotel, medical, multifamily and senior living. The company specializes in mixed-use communities that create a sense of place such as Ayrsley, a master-planned development in Steele Creek that includes more than two million square feet of office and retail space, four hotels, single-family homes, luxury apartments, restaurants and a 14-screen movie theater. For more information about New Forum visit www.newforum.net.

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New Forum Nominated for Commercial Real Estate Award!

New Forum has been named a Finalist, Office Development for the Charlotte Business Journal Heavy Hitters Commercial Real Estate Awards!

http://bizj.us/1pqpde

New Forum Announces New Development & Acquisition Platform; Acquires First Property

New Forum, Inc. has formed a dedicated platform, New Forum Partners, focused exclusively on new development and acquisitions. With its founding, New Forum Partners has announced the acquisition and planned re-development of Seneca Place, a 41,310 square-foot retail strip center and outparcel pad with a diverse mix of tenants, located in Charlotte, North Carolina. 
 
Seneca Place, currently comprised of a 34,710-square-foot retail strip center and a 6,600
square-foot outparcel, will be rebranded as Madison Corners. The Madison Corners rebrand
will include over $1,000,000 in capital improvements including a re-designed exterior.  
 
New Forum Partners is currently seeking tenants to complement the booming Madison Park
neighborhood such as high-end and fast casual restaurants, coffee shops, yoga and fitness
users, and wine shops. Retail leasing of Madison Corners will be handled through Jay Mitchener at Thrift Commercial.  
 
Seneca Place in the heart of the rapidly growing Madison Park, Montclaire and Archdale
communities and is approximately three miles northwest of South Park and seven miles south
of Uptown Charlotte.  More than 91,700 residents earning an average household income of
$103,279 live within a three-mile radius of the center. 
 
William Hodges, Principal at New Forum Partners and broker-in-charge of New Forum’s leasing represented the buyer. Rob Settle of Commercial Carolina represented the seller of Seneca Place, Carl Ricker. Cory Fowler of Holliday Fenoglio Fowler, L.P. (HFF) worked on behalf of the borrower to place the floating-rate loan with Ready Capital Structed Finance.  
 

Medical Sales College, UMortgage Solutions Sign Leases at Ayrsley

The Medical Sales College and uMortgage Solutions have both signed leases with New Forum at the Ayrsley community in Steele Creek.

The Medical Sales College has leased 2,886 square feet at the Charleston Row building at Ayrsley. The college specializes in medical device sales education and works directly with internal corporate recruiters to connect its trained graduates with employment opportunities. Founded in 2010, the Medical Sales College has trained more than 1,000 students and now has six campus locations across the country. The Charlotte location is expected to open in August.

uMortgage Solutions, a new mortgage firm founded by Matt Nixdorf, has leased 2,087 square feet at Ayrsley and recently opened at 2135 Ayrsley Town Boulevard. Nixdorf has been a licensed mortgage broker for 20 years and previously started mortgage firm QC Lending in 2012.

William Hodges, vice president and broker-in-charge at New Forum, represented the landlord on the lease transactions. Matt Bowen with JLL represented uMortgage Solutions.

New Companies in Ayrsley

Neteffect Technologies, an IT services firm, has renewed and expanded its lease at the Ayrsley mixed-use community in Steele Creek.

Neteffect Technologies recently signed a five-year extension and increased its space from 6,369 square feet to 10,045 square feet at 8809 Lenox Pointe Drive. Founded in 1991, Neteffect Technologies specializes in managed IT services, cloud services, business telecom, project-based IT services and IT security services. The company has approximately 35 employees and leased the additional space to accommodate the growth of its cybersecurity practice and its sales force, which now offers 24/7 services.

In addition to the Neteffect lease, The Sally Awad Group with Weichert Realtors has signed a five-year lease for 1,289 square feet at the 2025 Ayrsley Town Boulevard building. Led by Awad, who has more than 10 years of experience, the group has 25 Realtors serving customers across the Charlotte metro area.

Ayrsley’s office space is 94.04% percent occupied. New Forum recently celebrated the grand opening of the new 120,000-square-foot headquarters building for JELD-WEN Holding, Inc., one of the world’s largest door and window manufacturers, and is marketing Two Silver Crescent, an 80,000-square-foot Class A office building at the intersection of Ayrsley Town Boulevard and Sessions Street.

William Hodges, vice president and broker in charge at New Forum, represented the landlord on the lease transactions.

Boutique Fitness Center Opening in Steele Creek

Boutique fitness center Burn Boot Camp open in May 2018 in its new Steele Creek location. The Steele Creek location is owned by Bridgett Earnhardt and Ally Earnhardt. Located at 2101 Cambridge Beltway, the new location will be the 10th in the Charlotte region for Burn Boot Camp.

Burn Boot Camp workouts are designed to maximize results in just 45 minutes, employing a mix of challenging exercises. Providing personalized training in a group setting, no day or workout is ever the same. Burn Boot Camp offers free childcare and a strong sense of family and community. Members can also take advantage of focus meetings with Burn Boot Camp trainers to review nutrition habits, mindset challenges and personal goals. 

“Burn Boot Camp truly enriches the lives of its members, and we’re so excited to open our doors and introduce this unique fitness concept to the Steele Creek community,” said Bridgett Earnhardt.

Headquartered in Huntersville, Burn Boot Camp was launched by co-founders Devan and Morgan Kline in 2014 and has since expanded via franchising to more than 100 open locations and more than 300 awarded locations across the country. For more information about the Steele Creek location, visit burnbootcamp.com/locations/steele-creek-nc.