Case Studies
Below are a few projects we have completed:
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Goody's Corporate Headquarters
San Jose Water Company (SJW), a public utility company, purchased the 500,000 sq. ft., 50 acre Goody's Corporate Headquarters complex in 2006. The property was leased to Goody's Family Clothing with a remaining term of 19 years. In 2008 SJW approached Realty Investment Services about developing some excess land at the site. In conjunction with Littlejohn Engineering, a concept plan was developed and site costs identified. As the land marketing campaign was getting underway, Goody's declared bankruptcy and SJW decided to refocus their efforts on transitioning through the liquidation and marketing the office building for lease.
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Investment Sales
Grace Commercial Properties is a closely held private investment and development firm based in Johnson City, TN. In 2000 Grace purchased two multi-tenant office buildings (MIG Building and Summit III) and one shopping center (Harvest Towne). Subsequently RIS was engaged to provide management and leasing services.
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Retail Site Location
Ruby Tuesday, Inc. founded in 1972 with corporate offices in Maryville, Tn., has over 930 casual dining restaurants in the United States and abroad which generated $1.4 billion in sales in 2007. Ruby Tuesday retained our services in the identification and acquisition of over fifteen restaurants locations in East Tennessee. These included sites in Knoxville, Athens, Johnson City, Morristown, Dandridge, Rockwood and Sevierville.
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Regions Financial Center
Bearden Hill Office Partners is a general partnership created in 2004 for the development of an office building in the historic Knollwood development in the Bearden area of Knoxville, TN.
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Wells Real Estate Funds
Wells Real Estate Funds has been a leading national real estate investment firm since its founding in 1984. Wells has invested more than $11 billion in real estate for more than 200,000 investors, and has managed over 49 million square feet of space in 231 buildings nationally.
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Tenant Representation
SSC Service Solutions, a Knoxville, Tn. based janitorial service and facilities maintenance company with over 6,500 employees, has over 1,000 customers in 25 states and annual revenue in excess of $140 million. SSC Service Solutions took advantage of our market knowledge and insight to relocate their corporate offices to a 44,000 square foot headquarters building.
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Landlord Representation
AXA Equitable Life Assurance, a subsidiary of AXA Finanacial Inc., which is a part of the global AXA Group, is a leading financial protection company and a premier provider of life insurance, annuity and investment products and services. As of December 31, 2007 AXA Equitable's assets under management totaled $888.6 billion. Parent AXA Group is listed as the 15th largest company in the world on the 2007 Fortune Global 500 list with $1.87 trillion in assets under management.