Video Content: Shopko Hometown Construction Progress

Hardin, Montana (6/25/15) – Three months of construction in less than one minute! Construction on this 25,860 SF Shopko Hometown relocation project began in April and this video documents the progress through June 24.

Situated on approximately 4 acres, the building is being developed as a build to suit for Shopko Hometown, the newest concept by Shopko designed to serve smaller communities ranging from 3,000 to 8,000 in population. Shopko Hometown stores carry about 70% of the merchandise carried at Shopko’s larger format stores.

In 2004, Shopko Hometown opened its 15,000 SF store in Hardin. By relocating, the retailer will expand its store size and offer a wider assortment of products.

Funding for this project has been provided by Wells Fargo.

Erica Olmstead Davis Takes on Property Management Role

Erica Olmstead Davis recently accepted the position of Property Manager at COMVEST Properties, LLC. Having served as COMVEST’s Administrative Assistant since 2013, tenants and vendors are already familiar with her excellent management skills.

In Biloxi, Erica will manage tenant services for Shoppes at Popps Ferry and Shoppes at Beauvoir, as well as Centre at Courthouse in Gulfport and Office Depot in Pascagoula.  Additionally, she will assist in the management of two out of state assets – Governor’s Point Shopping Center in Tallahassee, Florida, and Mountain View Market Place in Hickory, North Carolina.

Erica is a member of the International Council of Shopping Centers (ICSC) and is currently pursuing the ICSC Certified Shopping Center Manager designation.  She holds an Associate of Science degree in Human Resource Management.

AT&T Comes to Shoppes at Beauvoir

 

Biloxi, Mississippi – The final redevelopment phase of a former Blockbuster building, now known as Shoppes at Beauvoir, was recently completed with the opening of an AT&T Authorized Retailer. Operated by Extreme Wireless, LLC, the 2,600 square foot wireless communications retailer rounds out the tenant line-up that includes Firehouse Subs and The UPS store.

In addition to wireless communications equipment and services, the AT&T Authorized Retailer will offer AT&T U-verse and advanced TV services, as well as Small Business solutions.

About COMVEST Properties, LLC

COMVEST Properties, LLC is a commercial real estate development company. Together with its affiliate, Net Lease Developers, LLC, COMVEST is an active developer of shopping centers and single tenant net leased properties throughout the South.

For additional information contact:

Wendy Barthe Peavy, Marketing & Political Affairs

COMVEST Properties, LLC

228-594-3400 (office)

wpeavy@comvest.net


COMVEST Acquires $9.65 million in Assets through Dual 1031 Exchange

GP WebBiloxi, Mississippi (July 16, 2014) – COMVEST Properties, LLC, through an affiliated family owned real estate limited partnership, recently closed on two shopping center properties in a dual 1031Exchange with a total asset value of $9.65 million.

Mountain View Marketplace, Hickory, North Carolina, a 54,627 SF shopping center anchored by a 41,127 SF Lowes Foods, is the first grocery anchored center commuters encounter when they travel into Mountain View from Hwy 321. Built in 2005, the center offers a seasoned tenant mix with 5,100 SF of vacant space remaining.

COMVEST was represented in the transaction by Andy Misiaveg and Greg Dobur of the Shopping Center Group, LLC (Charlotte, NC). The seller, Weathersbee Properties, LLC (Charlotte, NC), was represented by Rob Carter, Alex Quarrier, and David Webb of Berkeley Capital Advisors, LLC (Charlotte, NC). The project was financed by Protective Life Insurance Company. Molly Prince, of The Shopping Center Group, will serve as leasing agent for the available space. MVM Web

Governor’s Point Center, Tallahassee, Florida, 2.06 acres located on Apalachee Parkway as an out parcel to a Target –anchored center. Built in 2013 the 22,672 SF center is home to the largest West Marine location in the Big Bend area which opened in May of 2013. Rack Room Shoes opened in October of 2013.

COMVEST was represented in the transaction by Henree Martin or Developers Realty and Investment Properties, Inc. The seller, Tallahassee Holding, Inc., was represented by Lior Regenstreif of Marcus & Millichap. The purchase was financed by Darney Derouen of Coast Community Bank (Biloxi, Mississippi). Bill Powell, with Tallahassee Land Management, will serve as the local asset manager.

“The acquisitions of Mountain View Marketplace, in Hickory, North Carolina and Governor’s Point, in Tallahassee, Florida, are part of the continued commitment by COMVEST Properties to expand our portfolio throughout the southeast United States,” said Brooks Holstein, founder and managing member, COMVEST Properties, LLC.

SOLD – Walgreens, Minden, LA

WAG WebBiloxi, Mississippi (July 15, 2014) – COMVEST Properties, LLC announces the sale of its Walgreens drugstore in Minden, Louisiana for $5.3 million. Built in 2013 by Shamrock Construction, the 13,650 SF store was purchased by Harold J. McDermott and Ruth E. McDermott. The investors were represented in the transaction by Dan Wald
man of Boston, Massachusetts. Financing was provided by Progressive
Bank.