Market Info

Jim Harris, the CEO of TradeMark Properties, hasn’t brought his employees fully back to office, maintaining a hybrid model of remote and in-office work.  That means TradeMark’s Raleigh offices are empty more often than not. “I’m sitting in an office where, on any given week, we’re sitting at a 35-40 percent utilization rate,” Harris said. “The question is, ‘OK, Jim, you’ve got a company that’s running at 35 or 40 percent for two years, and if your… READ MORE

Residents and businesses on Bragg Boulevard can expect to see new development in the area in the coming years following the purchase of 37.25 acres of land by private real estate developer the Van Metre Companies based in Northern Virginia.  TradeMark Properties represented the original property owners, 3701 Limited Partnership, in the sale. They said the land listed as address 3910 Bragg Blvd sold for $4.75 million dollars and the deal closed on Aug. 4. … READ MORE

Longtime Raleigh firm fills space at former Advance Auto Parts campus A communications and engineering firm has claimed the last remaining sublease in the former Advance Auto Parts campus in Raleigh. Raleigh-based ONUG Communications Inc. is leaving its space on Atlantic Avenue to fill the remaining space formerly occupied by Raleigh’s sole Fortune 500 company. ONUG provides engineering, automated design, construction and project management services. For the full Triangle Business Journal article please click here.

Downtown Raleigh Property in High Demand Area Sold on West Davie Street A Downtown Raleigh property in the high demand 200-300 blocks of West Davie Street has been sold. 220 West Davie Street features a 5,126 square foot building that was built in 1950 on 0.17 acres located on the edge of the Warehouse District between Nash Square and Red Hat Amphitheater. It previously housed Mort’s Trophy Shop and sold for $347.70/SF. TradeMark Properties Senior… READ MORE

National hard surface flooring retailer Floor & Decor will soon be occupying the former Dick’s Sporting Goods space at 816 South College Road in Wilmington. The 51,270 square foot free-standing building sits on 4.12 acres on one of the city’s premier retail corridors and major thoroughfares. The building came available when Dick’s relocated to Independence Mall.  TradeMark Properties Senior Vice President Brian Grabowski represented property owner Winwil Realty in the long-term lease. “With this property’s high-traffic… READ MORE