All posts by Brooke

Meet Our People

Gardenia joined York in 2016 as an assistant to the Marketing Department. She is now Senior Marketing Specialist and a licensed North Carolina Real Estate Broker. She works closely with our Retail team, representing Landlords and Tenants in the Triangle market.
Gardenia is a skilled communicator, fluent in both Spanish and English. She has a degree in marketing from North Carolina State University and is a notary public.
When asked what she enjoys about her job she says:

 

“My favorite aspect of working at York Properties is that I am surrounded by honest, supportive, highly driven, and successful people who genuinely care about those they work with and the community in which they live.”

Tenants make Walter Magazine list!

We were delighted to see so many of our wonderful tenants (below) included in Walter Magazine’s recent article “30+ Notable Strip Mall Eats in Raleigh.”

Full article here:  Bit.ly/WaterMagEats

Just Jamaican Grille at
5500 Atlantic Springs Rd.

Chubby’s Tacos at
Lake Boone Shopping Center
@chubbystacos

Cloos’ Coney Island at
Mission Valley Shopping Center
(Featured in our pics)
@cloosconeyisland

El Dorado at
Stony Brook Shopping Center

Nafkot Ethiopian Restaurant at
Mission Valley Shopping Center
(Featured in our pics)

Ruckus Pizza at
Mission Valley Shopping Center
@ruckuspizza

Soo Café at
Stony Brook Shopping Center

Sushi Thai at
Lake Boone Shopping Center

Taste at
High Park Shopping Center
@thetastebar

Work hard, play hard

Celebrating a great Q1 with our landscaping division, Bloomsbury Landscapes by throwing a taco party for the crews! Operations Manager, Efrain Ortiz, made authentic tacos and they raffled off lots of great prizes.

Thanks to General Manager, Joe Sweet, and Operations Manager, Efrain Ortiz, for your leadership.

Triangle Retail News

At Transfer Co. Food Hall, Burial Beer’s expansion into the new space on the corner with The Exhibit Bottle Shop announced that they will open on March 13th (that’s tomorrow!). The new space will feature new murals, more seating, new two tops, twice the number of existing taps and a bevy of updates. Follow them on Instagram here.

Code Ninjas at Gateway Plaza Shopping Center off Crabtree Boulevard will open Saturday, March 20th.  @codeninjas_itbraleigh offers year-round and summer camp programs where kids can explore 3D printing, build their own video game, learn about stop motion animation and more.

And speaking of openings (or re-openings), the folks over at so•ca, cocina latina in Raleigh’s Village District, announced this week that they will re-open and begin taking reservations on April 14. Visit so•ca here.

Mon Macaron (@monmacaronusa) will open soon at 111 Seaboard Avenue.  In addition to macarons they have a coffee and wine bar. Keep an eye on our Insta feed!

Gateway Plaza Welcomes Newest Tenant

Levitate, with its “Keep-In-Touch Marketing” philosophy recently opened at Gateway Plaza Shopping Center on Crabtree Boulevard in Raleigh.

Levitate competes with email service companies like Mailchimp by providing more intimate communication tools, like reminders to message a customer personally, notes on previous conversations and analytical breakdowns of outreach. The company also provides marketing coaches to offer strategic support.

Leviate

 

Sale of 3801 & 3803-B Computer Drive

Congrats to Seller’s agents Brian Wallace and Tad Thornhill on the successful sale of 3801 and 3803 B Computer Drive in North Hills Professional Park last week.
Having managed the asset for 21 years and provided leasing services since 2012 this was an emotional transaction for our team. We will miss working on the property; moreover, we’ll miss working with our great clients on this property!

Bloomsbury Landscapes is Under New Management

We are excited to welcome Joseph Sweet as the new General Manager of our landscaping division – Bloomsbury Landscapes. Joe has been in the landscaping business for 15 years and lives in Clayton with his family. He has an associates degree from NC State University.
Bloomsbury Landscapes was founded in the early 1980’s as the in-house landscape maintenance company for York Properties. At Bloomsbury Landscapes, we are passionate about not only enhancing nature’s beauty and increasing the value of your real estate, but providing best-in-class customer experience.

 

Bona Furtuna Coming to the Market

Keep an eye out for a fantastic new brand coming soon to Triangle grocers.

Luxury olive oil, pasta, sauce and seasonings maker, Bona Furtuna, has signed a lease for 5,100 square feet at 2205 Westinghouse Boulevard, Raleigh. The location will be a packaging and distribution facility for products from the company’s namesake – Bona Furtuna farm in Corleone, Sicily.

York broker, Brian Wallace, was privileged to provide tenant representation.

More about Bona Furtuna

How the Triangle Stacks Up

Tenant-rep broker, Robert Hoyt, attended a TRAOBA meeting yesterday called “How the Triangle Stacks Up to Other Metros”. Because TRAOBA is Office focused there was some discussion on the state of the office market (bullets below) by the panel.

Panel Members:  Heath Chapman-CBRE; Hooker Manning-Kane; Mat Winters-JLL

State of the Office Market 

  • Activity slowly coming back
  • They are seeing larger groups touring the market for requirements in late 2021
  • Office landlords are all doing well as there have been nominal defaults
  • Tenants are able to do business remotely and have been paying rent while only occupying 10% or less of their space
  • Any rent relief or deferral requests (few and far between and all at the outset of the lockdown) went away after tenants were asked to provide how the pandemic was impacting their business (nominal impact other than the overall economic slowdown)
  • There is a large amount of sublease space hitting the market
  • Tenants are trying to determine post pandemic space needs
    • Do they need less space as they have more remote workers?
    • Do they need more space to increase social distancing (and decrease density)?
  • Rental Rates have not been negatively impacted; however landlord concessions have increased (in the form of abatement and higher TI allowances)
  • Both Heath and Hooker expect a quick recovery once a vaccine has been widely distributed.

 

One panel member with the Raleigh Chamber shared the attached study done by the Raleigh Chamber and the Wake County Economic Development team.  Overarching message: “The Raleigh metro is the best performing metro in the U.S. and continues to remain one of the top places for business and careers…”

Here are a few of our favorite accolades from the report:

#3 BEST PLACE IN AMERICA TO START A BUSINESS
RALEIGH, NC | INC | 2018

#6 MOST INCLUSIVE METRO IN THE U.S.
RALEIGH, NC | BROOKINGS INSTITUTE | 2019

TOP 10 GLOBAL HUB FOR LIFE SCIENCE INNOVATION
HICKORY & ASSOCIATES | APRIL 2019

#1 STATE FOR WOMEN IN TECH
NORTH CAROLINA | NC TECH | 2019

#3 BEST QUALITY OF LIFE IN THE WORLD
RALEIGH, NC | NUMBEO.COM | 2019