Category Archives for "News"

Clemmons Town Center, Prime Retail & Restaurant Spaces for Lease

Christopher Commercial is pleased to announce our representation of Clemmons Town Center, with 17,000 SF Available for Lease. Prime Retail and Restaurant space with outdoor patios, adjacent to a new, 100-room hotel in a dynamic mixed-use development conveniently off I-40 on Lewisville Clemmons Road with 35,000 vehicles’ traffic per day.

Showtime Physique Personal Training Studio Opens on Burke Street

Christopher Commercial is proud to announce the grand re-opening of Showtime Physique at its new location on 1166 Burke St.  The owner, Maurice Crocker, provides personal fitness training in a clean, positive and energetic environment. Check it out…Don’t forget about those New Year’s Resolutions… Summer is on its way!

Link Apartments IQ at the Innovation Quarter wins Downtown Excellence Award

Congratulations to our partners at Grubb Properties on winning a Downtown Excellence Award from the Downtown Winston-Salem Partnership for Link Apartments IQ at the Innovation Quarter. We are proud to have worked with them on these retail leasings. Check out Cycle Your City, and DeBeen Espresso who are open now, and The Butcher’s Block opening soon!

Brother’s Pizza Opens at 214 W Fourth Street

Brother’s Pizzeria has finally opened at 214 W Fourth Street, bringing delicious, authentic, ‘Jersey-Style’ pizza to Winston. Mayor Allen Joines enjoys pizza and an Eggplant Parmigiana sub with Owners Carmela Ladonea & Mike Scotto di Frega. Christopher Commercial was proud to broker the lease and support Downtown growth.

Cindy Christopher Triad Business Journal Top Deal Maker 2020

Congratulations to Cindy Christopher who was recognized for being a trailblazer for women in the commercial real estate industry. She was honored to be chosen as Triad Business Journal's top deal maker in the Retail Leases category at the Commercial Real Estate Awards.

Cindy was also delighted to be part of the Triad Business Journal's CRE awards panel discussion alongside Robbie Perkins and Brian Hall. Furnitureland Contract provided their beautiful showroom and did a fantastic job on production.

Here is an excellent excerpt on their discussion where Cindy Christopher provides insight into the downtown market and innovation quarter’s growth potential at the Triad Business Journal commercial real estate round table discussion. 

Perkins: As an outsider coming from Greensboro to Winston Salem, I find what has been accomplished in Winston-Salem’s downtown to be fantastic. Why has it happened and where do you see it going in the next five years?

Christopher: The driving force of that has been Innovation Quarter, which is a public private venture between the city, Wake Forest and Wexford, the developer, where they've taken these Reynolds tobacco warehouse buildings, and used tax credits and repurposed them. And so now you have down there office, you have life sciences, you have labs. But what's really been fun is the last couple of years is to see the retail and restaurant develop. So with Bailey Power Plant, the old power plant for RJ Reynolds tobacco, you have multiple restaurants, you have more office, and now Front Street Capital has now started bringing to market, in 2020, their new building, which is 75,000 square feet of offices. The Variable went there, and I just finished a restaurant deal, 600 Degrees, which will be on the ground floor, and it's actually going to open right at the end of the year. 

Perkins: Give us an idea about the magnitude of square footage and total investment in the Innovation Quarter.

Christopher: There's like 263 acres there, so they have different phases. They're in phase one, going into phase 2, and I think with Atrium, which they're completing that merger (with Wake Forest Baptist, you'll see more activity and more development coming. They're going to begin with an eye center, The Eye Institute,  starting a new building down there, and then hopefully you'll see more to follow. So that's going to be a real positive for Winston-Salem downtown but also Innovation Quarter.

Perkins: What the leadership did that was really wise is they had a long term plan, and they invested infrastructure dollars in putting in place that whole intersection at 52 and Business 40, and a lake there, and so that it creates a real amenity. But that didn't happen quickly. That plan has been in place for at least 10 or 15 years.

Christopher: It has. You'll start seeing more development go south of I-40. Now that they've completed 40, that's going to help hugely just with coming into town seeing the first phase to the north, and then starting to see these buildings, and they're going to try to recruit corporate headquarters going down to the south, but also you've seen a big growth in residential. I worked with Chris Harrison probably seven eight years ago to plan Plant 64, which was like 277 apartments and we did some commercial space with it. And it seemed like it was before its time, but since then, you've had Goler and now Clay Grubb (of Grubb Properties) is on his third residential project downtown. 

Perkins: Who's living in downtown? 

Christopher: You have students but also people like us deciding to maybe not have a larger home and have an apartment downtown. You have a lot of workers with the hospital, with Wake Forest, with Novant, that are living there. There's a big component of affordable housing. So, you have school teachers or other residents living there, so it's been exciting to see how many projects are going on. There's a new one under construction now, right off I-40 near the ballpark. And Clay Grubb is also doing his third, at what I call the old GMAC building, 500 West Fifth, where Don Flow has also consolidated his operations downtown. So you've really had a lot of synergy downtown, and then to see the restaurants, follow up, has been fun. 

Perkins: The city of Winston-Salem has executed a plan. This just didn't happen. This was a concerted effort by the community to reinvest in the downtown and make it an exciting place. It's great to see that it is paying off. Talk about office downtown. I know that with some of the corporate moves, there is a fair amount of office vacancy.

Christopher: Office has been struggling, and we have quite a bit of vacancy in downtown. However, over the last couple months, I have had more activity. I know of four law firms that are actively looking for space right now and some other deals. We're still trying to recruit new companies, new jobs, to Winston-Salem. I just had lunch with Mark Owens at the chamber and (Mayor) Allen Joines, the mayor, and Laura Lee, the new economic development person, and there's a trend to try to get companies (from larger cities) to come to our area where it's very livable. Also, some technology companies that are small, and then we can be competitive to have them hopefully to grow. So I think it's going to get better. 

For the entire article click here.

Unbox the Dress Leases Downtown Space on Fourth Street

Tabitha Tisdale of Christopher Commercial recently leased space to, Unbox The Dress LLC, a woman owned business relocating from Ohio to Winston-Salem. This creative service takes one's existing wedding dress and refabricates it into heirloom pieces for the daughter, granddaughter and family, including robes, christening dresses and home decor.

Since starting in 2017, the company has grown exponentially in the last 3 years, delivering over 2.4K heirlooms to 900 families across the country in the last year alone.  The owner and founder, Grace Rojek, envisions a positive, creative environment for their team at the new downtown headquarters at 632 W. 4th Street - enabling the company to reach more clients and grow!

Prior to relocating to Winston-Salem, Grace worked with Winston Starts and received a NC Idea Grant to move to Winston-Salem.  What a great success story for a woman owned business bringing new jobs to Downtown Winston-Salem.  Tabitha was excited to find the perfect space for Grace and her mother & Co-founder Lorraine Stewart , at Unbox the Dress. Check out what you can do with your wedding dress via their website here.

Link Apartments Innovation Quarter Welcomes New Tenants

Christopher Commercial is excited to have worked with Grubb Properties at Link Innovation Quarter Apartments on leasing their three retail spaces on Fifth Street to The Butcher’s Block, DeBeen Espresso, and Cycle Your City. They will open late summer to fall.

The Butcher’s Block currently has a location in Lexington which Eric Everhart opened in 2017 after 28 years in the retail grocery industry. His goal is to provide customers with the highest quality meat and seafood products at an affordable price. They have become widely popular with customers driving from surrounding areas.

DeBeen Espresso will be opening their second location with their first being High Point’s most established coffee shop. They will serve coffee, fresh vegan baked goods, gelato, and more. The shop will feature local art and possibly yoga.

Cycle Your City is an authorized Giant and Liv retailer that offers professional service, assembly, instruction, and repairs. With the growing bike culture in Downtown Winston-Salem they will definitely be a wonderful resource for residents.

For more details please click here for the Press Release from Grubb Properties.