2012 Chatham County Development Briefing

transcript

Welcome to the

Presented by

Briefing Breakfast Sponsor

Briefing Development Sponsor

Briefing Gold Sponsors

Briefing Silver Sponsors

Briefing Bronze Sponsor

Sara Donaldson

Briefing Table Sponsor

Briefing Hosts

2012 Community Champions

2012 Platinum Sponsors

2012 Gold Sponsors

Welcome

Justin Purdy, Time Warner Cable Business Class

RESIDENTIAL REAL ESTATE Mark Zimmerman, RE/MAX Winning Edge

Chatham County Development Briefing

March 13, 2012

Greater Chapel Hill Association of REALTORS®

Mark ZimmermanAll data from TMLS Local Market Statistics Reports

2011 Prospects

• Positives– No Tax Credit– Affordability

• Rates/Prices

– Triangle job growth– Manageable local foreclosures– More positive national real estate – Pent up demand

• Negatives– Chatham hit harder

2011 The Turnaround Year

• 2010 Trends are good for a recovery– Sales– DOM– Inventory

• Not robust, but directionally good– Not too far.– Not too fast.

Chatham2011 – On the Road to Recovery

How’d we do? A Look at Trends• Triangle & Chatham Counties

– Sales (Closed Transactions)– DOM– Inventory

• Caveats– TMLS Local Market Statistics– Some small sample sizes– Macro view

• Submarkets and Price Points will vary

TriangleSales Deceiving

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Triangle Closed Sales2/2011 - 1/2012

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Triangle Sales v YA2/2011 - 2/2012

ChathamSales Trend Continuing Up

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Chatham Sales 2/2011 - 1/2012

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Chatham Closed Sales 2/2011 - 1/2012

OrangeSales Trend Struggled Last Year

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Orange County Sales

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Orange County Sales vs YA

ChathamTaking Longer to Sell

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Chatham Ave DOM v YA2/2011 - 2/2012

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Chatham Ave DOM2/2011 - 1/2012

ChathamFewer New Listings

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

020406080

100120140160180200

Chatham New Listings 2/2011 - 1/2012

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Chatham New Listings v YA 2/2011 - 1/2012

ChathamInventory decreasing

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Chatham Inventory 2/2011 - 1/2012

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07Jul-0

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Chatham Inventory v YA 2/2011 - 1/2012

ChathamChallenges

• Supply of Inventory– Triangle - 7.6 months– Chatham - 12 months

• Why? Oversupply of homes– Census 2000-2010

• Population growth +28.7% • Housing Units +34.6%

ChathamHigh End Still Stagnant

• Closed Sales – Last 12 Months– Total – 601– $500,000+ 71 (11.8%)

• Most $500,000+ sales in two areas– The Preserve & Governors Club

• Current Inventory– Total – 667– $500,000+ 171 (25.6%)– 28.9 Months of Inventory

Chatham 2012Positive Trends

• Affordability– Rates/Prices

• Triangle job growth• Manageable local foreclosures• More positive national real estate • Pent up demand

Chatham 2012Positive Trends

• Sales trending up• Working through inventory

– Less supply, less downward price pressure

Chatham 2012Challenges

• Continuing Buyer Hesitancy• Need More Jobs• Financing still challenging• Appraisals will need to catch up• High end inventory• Long way to go

Chatham2012 – On the Road to Recovery

Introduction: Commercial Real Estate

Tony Matthews, CenturyLink

COMMERCIAL REAL ESTATE Sledd Thomas, Commercial Carolina

TRENDS IN NON-RESIDENTIAL/COMMERCIAL

REAL ESTATEIN CHATHAM COUNTY,

NORTH CAROLINA

Chatham County Chamber of CommerceSledd Thomas, CCIM

March 13, 2012

CCIM• A Certified Commercial Investment Member (CCIM) is a recognized

expert in the disciplines of commercial and investment real estate. The designation is awarded by CCIM Institute. CCIMs must be proficient in the areas of investment analysis, market analysis, user decision analysis and financial analysis for commercial real estate.

• Of the more than 150,000 commercial real estate professionals in

the United States, only an estimated 6 percent, some 9,500 hold the CCIM designation.

• CCIM members are responsible for an approximate US$400 billion annually of real estate transactions globally. CCIM Institute is a commercial affiliate of the National Association of Realtors. CCIM Institute is headquartered in Chicago, Illinois.

Using the Real Estate Cycle to Determine Trends

REAL ESTATE CYCLE

LOW VACANCIES

INCREASING PRICES

INCREASINGCONSTRUC-TION

OVER SUPPLY LEADS TO INCREASING VACANCY

DECLINING PRICES LEADS TO DECLINING

CONSTRUC-TION

ABSORPTIONOF

EXCESS

Overview of:

• The county from a non-residential perspective;

• Availability of square footage by segment;• Vacancy rates and pricing by category;• Recent transactions; and• Trends in commercial real estate vacancy,

price and construction.

Commercial Categories

• SHOPPING CENTERS/RETAIL• INDUSTRIAL/WAREHOUSE• OFFICE• FLEX SPACE

Shopping Centers/Retail/Pittsboro East

Name, Retail Pittsboro AddressYear Built

Total Sq. Feet Vacancy

Rate PSF Contact Person Phone

Bellemont Station 120 Lowes Dr 2008 13,301 2,497 $ 17.00 Mary Lobdell, CBC-TMP 919-227-5512

Cooper Ford Bldg. 44 Hillsboro St. 1915 9,604 1,018 $ 12.00 Mary Lobdell, CBC-TMP

919 -227-5512

Cole Park Plaza 11600 US Hwy. 15-501 N 82,258 26,264 $ 19.00 Robin Hilliard, WR 919-845-3938

Chatham Crossing, (Chapel Hill) 11312 US Hwy. 15-501 N 1997 96,155 10,660 $ 19.00 Ken Wygle, WR 919-845-3941

Chatham Downs, Harris Teeter 88 Chatham Downs 2006 80,110 3,854 $ 24.00 Mark Pitney 919-844-2044

Pittsboro Shopping Ctr. Piggly Wiggly 317 East Street 44,851 1,332 $ 6.00 K. Senchak, Lundy Grp. 919-602-4003

Food Lion, Governor's Village 50,000 Gov's. Village 1999 39,000 1,200 DNR Nate Cretarolo, GFDM 919-677-9400

Food Lion, Pittsboro 630 East Street 1990 49,520 5,000 DNR Carolyn Schmid 336-545-0059

General Store 100 West Street 1940 10,000 10,000 DNR John Justice

The Shops @ Governor's Village 50170 Governors Drive 2005 3,000 1,530 $ 17.00 Chris Ehrenfeld, DR 919-883-5500

VACANCY 63,355

TOTAL SQ. FT. BUILT. 427,799

Ratio & Average Price PSF 0.15 $ 16.29

Williams Corner 15-501 & Lystra Ch. Rd. U/D

Polks Landing 15-501 & Polks Landing U/D Marvin Waldo

Fugo-Montgomery Dev., K. Bradley 15-501 & County Line U/D John Fugo / WALMART

Vacancy % Avg. Rate

VACANCY 63,355

TOTAL SQ. FT. BUILT. 427,799

Ratio & Average Price PSF 0.15 $ 16.29

Shopping Centers/Retail/Siler City

Name, Retail Siler City AddressYear Built Sq Ft Vacancy

Siler Crossing 100 Siler Crossing 1988 132,639 49,436 $6.50 Martin Cook, BPG 335-889-5437

Chatham Crossing, Wal-Mart 14215 U.S. Hwy. 64 W. 2002 31,975 6,005 $ 12.00 N. Schuman-Werb, RCR 919-518-2000

Chatham Square Shopping Center 219 Hwy. 64 & Raleigh Rd 67,950 35,100 $ 6.00 Jason Stove, IP 919-782-4798

Chevrolet Dealership 1334 E 11th St 19,780 19,780 F/S H.R. Gallimore 336-626-5560

Tyler's 1242 E 11th St 8,300 8,300 Dean Mathias 919-742-4307

Baker Limestone 909 E 11th St 6,000 6,000 Property Owner 919-548-2913

Chatham Pharmacy (Floodplain) 518 W Raleigh St 5,600 5,600 Wayne Francisco 434-770-8909

Vojdani 623 E 3rd St 5,399 5,399 Shelia Walston 919-548-6317

Centurylink 96 Piney Grove Ch Rd 5,000 5,000 Bill Aucin 919-968-4017

Old Pizza Hut 611 N 2nd Ave 3,588 3,588 Larry Booth 919-740-8076

Dixon Home and Building 819 E 3rd St 2,800 2,800 Steven Coble 919-548-2427

Pantry 1010 Greensboro Ave 2,760 2,760 Drew Huggins 919-880-6715

Copper Penny 1110 N 2nd Ave 2,037 2,037 336-855-6708

Auto Shop (Floodplain) 410 Fayetteville Ave 2,000 2,000 Scott Harris 919-498-4077

Express Wash Laundry 609 N 2nd Ave 1,891 1,891 Larry Booth 919-740-8076

VANCANCY 155,696

TOTAL SQ. FT. BUILT 297,719

Ratio 0.52

Vacancy %, Average Rate

Industrial/WarehouseName, Industrial Pittsboro Address

Year Built Total Sq Ft Vacancy Rate PSF Contact Person Phone

Farrell's Workplace 1718 Farrington Pt. Rd. 2009 10,560.00 $ 1,680.00 $ 7.14 John Daly, RP 919-259-3148

Name, Industrial AddressYear Built Total Sq Ft Vacancy Rate PSF Contact Person Phone

Former Acme McCrary (SOLD $150,000), Now "Third St." 1200 E 3rd St 1955 182,674.00 182,674.00 $1.00Charles Gardner 910-818-4093

Charles Craft (Rail, Floodplain) 701 N Chatham Ave 120,000.00 100,000.00 $1.00Charles Gardner 910-818-4093

Nationwide Custom Homes45 Siler City Industrial Park '69-'93 84,550.00 84,550.00 $1.00

Doug Faris, Currently For Sale, $695,000.00 704-904-0875

Boling Chair 3 Story (Rail, Historic, Floodplain) 121 W 5th St 75,366.00 75,366.00 $1.00Frank Edmondson 336-465-1600

Chatham Novelties (Rail) 810 S Chatham Ave 1970 72,269.00 72,269.00 $1.00John Morris 919-799-6869

Coleman Cable 1311 N 2nd Ave 1970 65,374.00 65,374.00 $1.25Sledd Thomas 919-510-6792

Cox & Bleggi (Rail)55 Siler City Industrial Park 45,000.00 45,000.00 DNR Andy Bleggi 910-695-2645

Pilgrims Pride Hatchery (Rail, Floodplain) 222 W Raleigh St 37,380.00 37,380.00 H.R. Gallimore 336-626-5560

Linrene Furniture 2535 Old US 421 N 30,000.00 30,000.00 Joe Short 919-742-9391

Goldston 751 S. Church St. 1967 350,000.00 200,000.00 $1.95Bryan Everett, G&E, T.L.G. 919-719-8192

Total Sq. Ft. Built 1,062,613.00 $8.20

Total Sq. Ft. Vacant 892,613.00

Ratio 0.84

Avg. Negotiable Rate. $1.17

Available Warehouse, SF Totals

Total Sq. Ft. Built 1,062,613.00 $8.20

Total Sq. Ft. Vacant 892,613.00

Ratio 0.84

Avg. Negotiable Rate. $1.17

Office/Pittsboro/EastOffice Category, Pittsboro

Name, Office AddressYear Built Sq Ft Sq Ft

Nooe Building 224 East St. 1925 3,020.00 358 $ 25.14 Linda Jacobs, CBCA 919-740-8817

Pittsboro Business Ctr. 288 East St. 2004 6,000.00 2,000.00 $ 30.43 Linda Jacobs, CBCA 919-740-8817

Main Street Station 287 East St. 2008 18,000.00 10,000.00 $ 18.00 Sledd Thomas, CCC 919-510-6792

Log Cabin 1035 Mt. Carmel Ch. Rd. 1084 1,585.00 1,585.00 $ 14.00 Steve Doyle, NSR 919-619-0192

Old Pittsboro Hospital 45 West Street 1949 6,467.00 6,467.00 F/S Thom Whisnant 919-612-5296

Bold Bldg. @ Governor's Village 50101 Governor's Drive 2000 27,703.00 10,583.00 $ 17.00 Chris Ehrenfeld, DR 919-883-5500

East St. Plaza / Commerce Court 114 Commerce Court 2006 3,600.00 1,200.00 $ 12.00 Wade Turner, CSR 919-542-2667

Platimun Commons 1016 Thompson St. 2006 21,000.00 3,500.00 $ 16.00 Kris Howard, CHR 919-545-2333

Harpers Crossroads Seafood 20050 NC 902 Hwy. 1972 7,100.00 7,100.00 DNA Scott Thomas, CSR 919-548-5643

In the town of Goldston 1989 North Main St. 1940 4,673.00 4,673.00 DNA Kristi Wilkie, CCR 919-533-5227

15-501 Antiques 9555 US 15-501 Hwy. 1850 4,000.00 DNA Scott Thomas, CSR 919-548-5643

Total Built 103,148.00

Total Vacant 47,466.00

Ratio 0.46 $ 18.94

Available Office BuildingsTotal Square Feet

Total Built 103,148.00

Total Vacant 47,466.00

Ratio & Avg. Rental Rate 0.46 $ 18.94

Office/Siler CityOffice Category, Siler City

Name, Office AddressYear Built Sq Ft Sq Ft

Old Chatham Hospital 300 N Ivey Ave 56,400.00

56,400.00 Becky Quate

919-799-4003

Old Dialysis Center 806 W 4th St 6,102.00

919-799-4003

Alamance Eye 404 N Holly Ave 2,572.00

919-799-4003

Estridge Home 505 S Chatham Ave 2,323.00

2,323.00 Shelia Walston

919-548-6317

Siler Business Park 124 Village Lake Rd 2,000.00

2,000.00 Lonnie West

919-619-0047

GEM Holdings Office Suite 108 Village Lake Rd

1,935.00

1,935.00 Eric Andrews

919-548-1014

919-619-0047

Flex Space

• Examples of Flex Space are found at North Chatham Park

• Not much available Flex Space Exists in the County.

Recent Major Transactions & Pricing by Market CategoryAKPAR NAME Known As ADDRESS

ACT. YR BLT. SALE DATE

SQ. FOOT AGE

SALE PRICE (Based on Rev. Stamps)

ACREAGE

Price Per Bldg. Sq. Ft. Price per Acre

0017011 OMTRON USA LLC Former Townsends 1101 E. Third St. 1965 20110301 43,236 $ 22,000,000 587 $ 508.84 $ 37,479

0075775 REKME LLC Nursing Home 140 BROOKSTONE LN 1999 20110126 41,352 $ 6,250,000 4.75 $ 151.14

0075864 SILER CITY (CHATHAM) WMC LLC S.C. Walmart109 WALMART SUPERCENTER 2001 20110107 32,000 $ 3,350,000 4.01 $ 104.69

0076560 BOLD GV LLC New Bold Office Bldg. 50101 GOVERNORS DR 2000 20110819 56,320 $ 2,750,000 4.19 $ 48.83

0080884 MOMA LLC New O-2 Fitness 11 COLE PLACE 2005 20111216 19,800 $ 2,308,000 5 $ 116.57

0084526 BIG WOODS II LP From Spoon Dev. 120 LOWES DR 2007 20110916 15,738 $ 1,050,000 1.68 $ 66.72

0019433 RBC BANK (USA) Comm. Constr. Office721 MT CARMEL CHURCH RD 1900 20110901 7,596 $ 737,500 5.68 $ 97.09

0006900 VEOLOGICA LLC Former Chevy Dlrshp. 697 HILLSBORO ST 1994 20110831 16,020 $ 700,000 4.5 $ 43.70

0013582 PALM HARBOR HOMES INC CAVCO45 SILER CITY INDUSTRIAL PARK 1969 20110503 85,817 $ 650,000 13.5 $ 7.57 $ 48,098

0088074 MURPHY OIL USA INC Gas Station 107 NEW CHATHAM RD 2010 20100104 1,269 $ 590,000 0.83 $ 464.93

0076255 MCM REAL ESTATE LLC Strata Solar2835 FARRINGTON POINT RD 2000 20101110 14,700 $ 580,000 14.2 $ 39.46

0068486 GILL LORRAINE L Former Remax (?) 288 EAST ST 2004 20100804 5,625 $ 550,000 0.37 $ 97.78

0086258 YEUNG INTERESTS LLC Lowes Out Parcel LOWES DR 2011 20100426 5,600 $ 385,000 0.84 $ 68.75 $ 458,333

0080423 NORTH CHATHAM 40 LLC N. Chatham Park43 NORTH CHATHAM PKWY 2003 20100730 2,000 $ 283,000 0.05 $ 141.50

0081284SWIFT CREEK PROPERTY MANAGEMEN Jordan Lake Bus. Ctr. 1434 FARRINGTON RD 1930 20101116 2,304 $ 185,000 0 $ 80.30

0081287 FAGET GEORGE Jordan Lake Bus. Ctr. 1434 FARRINGTON RD 1930 20100720 1,536 $ 159,000 0 $ 103.52

0016428 D H GRIFFIN WRECKING CO INC Former Pilgrims Pride 702 S CHATHAM AVE 1942 20111010 67,743 $ 85,000 8.27 $ 1.25 $ 10,273

Lender & Former Owners Acorn Inv. Assoc's. Westfalls Land 2011221 $ 2,250,000 311 $ 7,234.7

Omtron

Cambridge Hills

Wal-Mart Shopping Center

Bold Building – Gov. Village

O2 Fitness

Bellemont Station

721 Mt. Carmel Church Road

Pittsboro Chevrolet

CAVCO - Palm Harbor Homes

Murphy Oil Gas Station

Strata Solar

288 East Street

Bellemont Station Outparcel

North Chatham Park Condo

Jordan Lake Business Park

Pilgrims Pride

Westfall

Unit Price Summary

Price Per Bldg. Sq. Ft. Price per Acre

$ 508.84 $ 37,479 $ 151.14 $ 104.69 $ 48.83 $ 116.57 $ 66.72 $ 97.09 $ 43.70 $ 7.57 $ 48,098 $ 464.93 $ 39.46 $ 97.78 $ 68.75 $ 458,333 $ 141.50 $ 80.30 $ 103.52 $ 1.25 $ 10,273

$ 7,234.7

Using the Real Estate Cycle to Determine Trends

REAL ESTATE CYCLE

LOW VACANCIES

INCREASING PRICES

INCREASINGCONSTRUC-TION

OVER SUPPLY LEADS TO INCREASING VACANCY

DECLINING PRICES LEADS TO DECLINING

CONSTRUC-TION

ABSORPTIONOF

EXCESS

Major Developing Projects• Construction Projects• Galloway Ridge• Carolina Meadows

• Subdivision• Chatham Park, 7,108 Acres• Briar Chapel• Westfall

Today’s Market• Examples of:

Increasing PricesIncreasing ConstructionOversupplyIncreasing VacancyDeclining Prices & ConstructionAbsorption of ExcessLow Vacancies

Introduction: Chatham Economic Development

Kristy Yule, Newland Communities

CHATHAM ECONOMIC DEVELOPMENT UPDATE

Dianne Reid, Chatham Economic Development Corporation

Chatham County Development Breakfast

Dianne ReidPresident, Chatham EDC

Mission Statement

Building on the County’s strategic location between the Triad and Triangle, we are

positioning Chatham as the preferred location for emerging growth companies.

WORKING WITH BUSINESSES

Working with Businesses Quality of Place Infrastructure and Business Climate Branding

Attraction2011 Actual 2012 Target To Date Actual

Number of new clients locating in Chatham County

Number of new jobs created by new businesses

80 150 156

Value of jobs created (measured by annual payroll)

$2.89M $3.0M $3.64

Capital investment by new client firms (millions of dollars)

$11.4M $15M $2.5M

Acme-McCrary

Value Outsourcing Solutions

Alpha-Install Hayes Iron and Metal

Retention2011 Actual 2012 Target To Date Actual

Number of expanding businesses assisted

8 4-5 9

Number of jobs created through expansion

63 75-125 220

$2.27M $2.25-4M $5.73M

Capital investment by expansion of existing businesses

$7.6M $5.3M $129.3M

Lazar Industries

Galloway Ridge

Strata Solar

Entrepreneurship2011 Actual 2012 Target To Date Actual

Number of aspiring entrepreneurs assisted

67 60-100 81

Number of jobs created by entrepreneurs and start-up businesses

54 100 45

$1.94M $5.4M $1.62M

UnWINEd

Small B&B Cafe

QUALITY OF PLACE

Siler City & NC STEP

Pittsboro & Small Town Mainstreet

INFRASTRUCTURE AND BUSINESS CLIMATE

Product Development

Absorbed: 387K (Joan)

280K (Jennifer)

63K (84 Lumber)15.5K (Pitts. Chev)

Total :Demo:

745.5K53K (Pilgrims)

TOTAL: 798.5K

New Product Development:Chatham ParkHighway 421 CorridorBoras/Griffin SiteCentral Carolina Business Park

Infrastructure & Business Climate

• Pre-Application Meetings• Goldston• Pittsboro• Siler City

BRANDING

ContactChatham Economic Development

CorporationP.O. Box 1627 | 964 East Street

Pittsboro, NC 27312

919-542-8274info@chathamedc.org

www.chathamedc.org

GALLOWAY RIDGEHeather Rusnak

Galloway Ridge at Fearrington

GOVERNORS VILLAGEChris Ehrenfeld, Domicile Realty

• Governors Club• Governors Village POA• Governors Village Business District

What is Governors Community?

Governors ClubGated golf course community with 27 hole Jack Nicklaus Signature Golf Course

Completed Homes: 883Remaining Lots: 320

Mixed Use Community • Governors Village Homes: 100• Governors Park Homes: 144• Governors Lake Homes: 51• Governors Forest Homes: 49• The Townes: 160• Camden Apartments: 242

Total Households in Governors Village:

Governors Village POA

2010 2011

Governors Club: 25Governors Park: 4Governors Forest: 1Governors Lake: 0Governors Village: 5The Townes: 24

TOTAL: 59

Governors Club: 30Governors Park: 8Governors Forest: 3Governors Lake: 2Governors Village: 2The Townes: 20

TOTAL: 65

10% increase!

GC Sales Statistics

In Governors Village POA, Governors Club, & Carolina Meadows combined, there are

over 2,400 households!

CAROLINA MEADOWS RETIREMENT COMMUNITY

700 Residents 425 Employees

3 mile radius, Average household income of $126,531

5 mile radius. A population of over 60,000

www.villagenc.com

AREA DEMOGRAPHICS

Governors Village

45,000 sf shopping center Anchor: Food Lion Grocery 10,000 sf outparcel Bean & Barrel, Tarantini’s and Atkins Dental

PARCEL A - GOVERNORS VILLAGE

SHOPPING CENTER

Recent Improvements:o New local Ownershipo Local Management o Local Leasing Agent

Best deal in Class “A” office space in

the area

54,000 sf Class A office building

Approx. 30,000 sf available for lease

One of the largest Class A office buildings in Chatham

Tenants include : TRC Environmental, Battelle Scientific, CargoSphere, The Chatham Group, Aegis Home Care, Edward Jones, Chatham County Sheriff, Integrated Learning Innovations

Parcel B – BOLD Building

Parcel C

10,000+ sf retail – SOLD out in 2011 Domicile Realty, Build Ex, Igloo Frozen Yogurt and Governors Pharmacy.Two Future BuildingsNext building opening in the fall of 2012

PARCEL C:THE COMMONS

@ GOVERNORS VILLAGE

Parcel D – 2013/2014

significant increase in # of homesstrong demographics

Great opportunity for new businesses

GOVERNORS VILLAGEBUSINESS DISTRICT

SILER CITY, NCMayor Charles Johnson, Johnson Real Estate & Investment

Town of Siler City

• Population = 7,877 (Up 13.2%)

• Housing Units = 2,890 (Up 14.4%)

Downtown Siler City

UNC Carolina Air Care

Siler City Municipal Airport (AWOS)Automated Weather Observation System

Acme-McCrary

Chatham Warehouse Leasing

VOS (Value Outsourcing Solutions)

NC License Plate Agency

Hayes Iron and Metal

Tripp Cottages

Brookwood Farms

JRC Logistics

Lazar Industries

NC STEP Implementation

• Central Park = $15,000• Downtown Façade Program = $15,000• Plugging Money and Energy Leaks = $15,000• Wayfinding Signs = $13,350• Downtown Master Plan = $9,000• Learning and Microfinance Garden = $7,000• Retirement Community/Destination = $5,000• Film Festival = $5,000• Rocky River Nature Trail = $4,000• Branding Implementation = $4,000• NCDOT Pedestrian Planning Grant = $3,100

Dr. Lane Dentistry

Loves Creek Greenway Trail

Central Carolina Business Campus

Siler Business Park

Introduction: Chatham County Government

CHATHAM COUNTY BOARD OF COMMISSIONERS

Brian Bock, Chair

Questions?

Aaron Nelson, CEOChapel Hill-Carrboro Chamber of

Commerce

Thank you for attending

Presented by

Briefing Breakfast Sponsor

Briefing Development Sponsor

Briefing Gold Sponsors

Briefing Silver Sponsors

Briefing Bronze Sponsor

Sara Donaldson

Briefing Table Sponsor

Thank you for attending