MONTGOMERY, AL | January 6, 2020 – Jim Wilson & Associates (JWA) is pleased to announce the promotion of Evan Conder to Vice President of Development beginning in 2020. Conder’s work has, since his arrival at JWA in 2015, focused upon new site selection, free-standing and multi-unit build-to-suits, new grocery anchored centers such as the Publix anchored centers under development in Macon, Georgia (Tobesofkee Crossing) and McDonough, Georgia (Shoppes at Ola Crossroads) as well as diverse multi-use sites across the Southeast. Since joining in 2015, Conder has been involved in total new construction of over $60 million.
Investments in real estate products are always in demand, some more so than others. Actual returns on the investments appear to be moderating though development activity remains strong within specific categories such as single use retail (i.e. restaurants, fast-food, service). Here’s a quick look at a few real estate categories:
Hotels. Drive the interstates and you’ll see new limited service hotels coming out of the ground everywhere. There are new names for Hilton and Marriott being pushed out, each with the ubiquitous 100 room, four story design package. Are there enough to meet demand? Rumors of revPAR slowing for national branches seem to support the idea that at least a slow-down in construction is on the horizon. Perhaps a factor is the room revenue in the over 7 million home rental listings of Airbnb.
Retail. The retail world is very segmented with each grappling with its own set of circumstances, both positive and negative.
Real estate markets are all local. Positive movement from the real estate development and investment perspective depends upon the local economic environment in the immediate market area.
Can the commercial space be rented? Depends. Supply? Demand? Growth?
What about residential sales? Depends. Job growth? Mortgage rates? Schools? Amenities? Government environment?
MONTGOMERY, AL | November 21, 2019 – Montgomery, Alabama based developer Jim Wilson & Associates, LLC (JWA) completed the new shopping center, Eastchase Venue, in October this year and has now successfully completed the sale of the 65,000 square foot project featuring the national retailers Burlington and Best Buy. Eastchase Venue is the latest commercial retail development of the 330 acre, mixed-use project, EASTCHASE, that started in 2002 by JWA with the initial opening of the Shoppes at Eastchase and continues today with this new, featured retail center, Eastchase Venue. The sale transaction was completed on November 20, 2019. In the past three years JWA has new developments in Eastchase that include retail, office, hotels and senior living.
MONTGOMERY, AL | October 16, 2019 – Jim Wilson & Associates, LLC (JWA) announce the signing of four new leases for an outparcel in Eastchase Venue – Bad Daddy’s Burger Bar, Jersey Mike’s, The Simple Greek are all new to Montgomery and Great Clips will be joining them. These new stores will bring great activity to the area and plan to open first quarter 2020. Eastchase Venue is the newest retail development of Eastchase in Montgomery, Alabama. Initial construction on the multi-million dollar project began in December 2018. Located on 10.8 acres at the midway point of Eastchase Parkway, between the highly successful Hilton Garden Inn and the Eastchase Market Center. “The overall Eastchase Development drives a lot of traffic, and it’s an outstanding location for new stores” states, Carl Bartlett, Executive Vice President of JWA. “We’ve got 80,000 cars a day on the interstate, and we have about 18,000 cars a day on Eastchase Parkway,” Bartlett said. “We’ve got a great location. We’ve got an interstate location that allows people to see us easily, and it’s a great multi-use type of development.”
COLLIERVILLE, TN | October 7, 2019 – Carriage Crossing MarketPlace, on East Shelby Drive in Collierville, and Jim Wilson & Associates, LLC announce the signing of a 4,000 square footage new lease for the MarketPlace – Polished Salon. Polished Salon is an acrylic free nail salon with a spacious interior and comforting furniture and décor. Family oriented specializing in manicures, gel and dip powder with kid friendly pedicure chairs. Walk-ins welcomed, appointments preferred. Call today and make your appointment 901-221-8916 or visit www.polishedmemphis.com.
HENRY COUNTY, GA | September 24, 2019 – JWA Ventures, an affiliated company of Jim Wilson & Associates, is pleased to announce a new retail, real estate development, the Shoppes at Ola Crossroads, a Publix anchored shopping center at the northeast quadrant of Highway 81 and N. Ola Road, east of McDonough, GA. The shopping center will include a Publix Super Market of approximately 48,000 square feet plus over 22,000 square feet of additional specialty store space and three, free standing stores along Highway 81.
MADISON, TN | August 26, 2019 – JWA Ventures, LLC (JWAV), a division of Jim Wilson & Associates, LLC, recently closed on the sale of a build-to-suit development for Tire Discounters in Madison, TN, a suburb of Nashville, TN. Tire Discounters provides an excellent new choice within the region, supporting a growing trade area within the Nashville MSA. Since its beginning in 1976, Tire Discounters has been an industry leader in innovations, while providing award winning customer service.
MONTGOMERY, AL | August 2, 2019 – Jim Wilson & Associates, LLC is excited to announce that New Park Development Company sold a 5.1 acre site to a local church for the construction and operation of a church campus on the North side of Park Crossing, adjacent to Ray Thorington Road, in New Park.
BIRMINGHAM, AL | July 25, 2019 – Jim Wilson & Associates, LLC announces the completion of new leases totaling over 18,000 square feet for The Offices at 3000 RiverChase. Joining this prestigious address will be Healthgrades Operating Company, Inc., a worldwide leader in hospital integrated technology and ENGS Commercial Capital. In addition, the law firm of Bailey & Glasser, currently located in the Building, has renewed and extended its lease terms in 3000 RiverChase. J.H. Berry & Gilbert, Inc. is the leasing agent for The Offices at 3000 RiverChase.