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2009 Industrial Slides - ODU - Old Dominion UniversityODU/CREED 2008 Industrial Market Overview...

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3/12/2009 1 MARCH 11TH, 2009 ODU/CREED 2008 Industrial Market Overview INDUSTRIAL OVERVIEW Bill Throne MARCH 11TH, 2009 ODU/CREED 2008 Industrial Market Overview INDUSTRIAL OVERVIEW Thanks owed to the Reporters: Ron Biesecker Thalhimer/Cushman and Wakefield Christine Kaempfe Thalhimer/Cushman and Wakefield Pat Mumey Thalhimer/Cushman and Wakefield Scott Wermers Thalhimer/Cushman and Wakefield Abe Ellis Thalhimer/ Cushman and Wakefield Bobby Phillips Thalhimer/Cushman and Wakefield Worth Remick CB Richard Ellis Charles Dickenson Harvey Lindsay Billy King Harvey Lindsay Bobby Beasley Harvey Lindsay Chip Worley Harvey Lindsay Clay Culbreth GVA Advantis Brian Baker GVA Advantis Stephanie Sanker GVA Advantis MARCH 11TH, 2009 ODU/CREED 2008 Industrial Market Overview INTRODUCTION 2008 “HIGH CUBE” CHALLENGED INDUSTRIAL CORE STILL HEALTH 2009 FORECAST CONCLUSION MARCH 11TH, 2009 ODU/CREED 2008 Industrial Market Overview JOB GROWTH 2008 UNEMPLOYMENT FINANCIAL MARKETS RECENT ANNOUNCEMENTS MARCH 11TH, 2009 ODU/CREED 2008 Industrial Market Overview 2008 Nestle Waters (January 2008) Chesapeake ( 2008) C ArvinMeritor (January 2008) Chesapeake Montague Farms (May 2008) Windsor Kraft Foods/Planters Peanuts (June 2008) Expansion/Suffolk OOCL Logistics (July 2008) Suffolk Polaris (July 2008) Chesapeake ADS (August 2008) Expansion/VB Cryomax (Sept 2008) Chesapeake Greatwide Logistics (October 2008) Suffolk US Auto Parts (January 2009) Chesapeake Greatwide Logistics (January 2009) Expansion/Suffolk MARCH 11TH, 2009 ODU/CREED 2008 Industrial Market Overview GVA ADVANTIS –Now 16 Locations 2008
Transcript
Page 1: 2009 Industrial Slides - ODU - Old Dominion UniversityODU/CREED 2008 Industrial Market Overview WAVERTON COMMERCE PARK 2009 FORECAST. 3/12/2009 4 MARCH 11TH, 2009 ODU/CREED 2008 Industrial

3/12/2009

1

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

INDUSTRIAL OVERVIEWBill Throne

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

INDUSTRIAL OVERVIEWThanks owed to the Reporters:

Ron Biesecker Thalhimer/Cushman and WakefieldChristine Kaempfe Thalhimer/Cushman and WakefieldPat Mumey Thalhimer/Cushman and WakefieldScott Wermers Thalhimer/Cushman and WakefieldScott Wermers Thalhimer/Cushman and WakefieldAbe Ellis Thalhimer/ Cushman and WakefieldBobby Phillips Thalhimer/Cushman and WakefieldWorth Remick CB Richard EllisCharles Dickenson Harvey LindsayBilly King Harvey LindsayBobby Beasley Harvey LindsayChip Worley Harvey LindsayClay Culbreth GVA AdvantisBrian Baker GVA AdvantisStephanie Sanker GVA Advantis

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

INTRODUCTION 2008

“HIGH CUBE” CHALLENGED

INDUSTRIAL CORE STILL HEALTH

2009 FORECAST

CONCLUSION

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

JOB GROWTH

2008

UNEMPLOYMENT

FINANCIAL MARKETS

RECENT ANNOUNCEMENTS

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

2008

Nestle Waters (January 2008) Chesapeake( 2008) CArvinMeritor (January 2008) Chesapeake

Montague Farms (May 2008) WindsorKraft Foods/Planters Peanuts (June 2008) Expansion/SuffolkOOCL Logistics (July 2008) SuffolkPolaris (July 2008) ChesapeakeADS (August 2008) Expansion/VBCryomax (Sept 2008) ChesapeakeGreatwide Logistics (October 2008) SuffolkUS Auto Parts (January 2009) ChesapeakeGreatwide Logistics (January 2009) Expansion/Suffolk

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

GVA ADVANTIS –Now 16 Locations

2008

Page 2: 2009 Industrial Slides - ODU - Old Dominion UniversityODU/CREED 2008 Industrial Market Overview WAVERTON COMMERCE PARK 2009 FORECAST. 3/12/2009 4 MARCH 11TH, 2009 ODU/CREED 2008 Industrial

3/12/2009

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MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

GVA

TOTAL TRANSACTION VOLUME$1,038,781,427

TOTAL SQUARE FEET15,837,107

2008

ADVANTIS

NUMBER OF DEALS1,374

TOTAL ACRES42,316

TOTAL MANAGED PROPERTIES 13,825,847 Square Feet

TOTAL CONSTRUCTION VOLUME$51,000,000

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

“HIGH CUBE” SPACE CHALLENGED

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

PORT BENEFITS ARE LEGITIMATE

“HIGH CUBE” SPACE CHALLENGED

ECONOMY MAY WORK TO OUR FAVOR

APPLAUD THE “PIONEERS”

ONE OR TWO TENANTS…

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

INDUSTRIAL CORE STILL HEALTHY

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

INDUSTRIAL CORE STILL HEALTHY

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

INDUSTRIAL CORE STILL HEALTHY

Page 3: 2009 Industrial Slides - ODU - Old Dominion UniversityODU/CREED 2008 Industrial Market Overview WAVERTON COMMERCE PARK 2009 FORECAST. 3/12/2009 4 MARCH 11TH, 2009 ODU/CREED 2008 Industrial

3/12/2009

3

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

INDUSTRIAL CORE STILL HEALTHY

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

INDUSTRIAL CORE STILL HEALTHY

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

2009 FORECAST

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

2009 FORECAST

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

WAVERTON COMMERCE PARK

2009 FORECAST

MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

WAVERTON COMMERCE PARK

2009 FORECAST

Page 4: 2009 Industrial Slides - ODU - Old Dominion UniversityODU/CREED 2008 Industrial Market Overview WAVERTON COMMERCE PARK 2009 FORECAST. 3/12/2009 4 MARCH 11TH, 2009 ODU/CREED 2008 Industrial

3/12/2009

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MARCH 11TH, 2009

ODU/CREED 2008 Industrial Market Overview

THINK REGIONALLY

CONCLUSION

THANK THE MILITARY

HAVE FAITH IN THE PORT OF VIRGINIA

WORK FOR OUR INDUSTRIAL COMMUNITY


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