Weekly Meeting 06/16/26

Summary

[ ] Contact Liz about lunch preference for Give Impact meeting (suggest Rhino menu, eat in office)
[ ] Bryce to call Leaf Spring Daycare seller today; targeting ~$1.7M as landing number
[ ] Bryce to get commission agreement signed before both parties execute contract on off-market Prosperity Church deal
[ ] Follow up with Ruskin's attorney (Thomas Roper) on Circle K contract — now approaching 4 weeks with no redline notes returned
[ ] Prepare CVS listing on Old Monroe Road / Indian Trail once owners receive keys from exiting tenant; consider cleanup, fresh paint, and landscaping before relisting
[ ] Encourage Milton Silver and Douglas Fur to submit offers on Senator Sarbel property; consensus price around $2M
[ ] Rob and Sammy to finalize Girl Scouts PowerPoint today; present to board tomorrow at 9am
[ ] Organize group AI lunch demo session — team to email Thomas questions/use cases in advance; Thomas will pre-run prompts and walk through live
[ ] Connor to follow up with Juiced Fuel franchise once they have capital ready
[ ] Prepare 4–5 slides or use website for Chamber of Commerce presentation next Tuesday morning
[ ] Gantt to attend in-person meeting with Streetlights and Roka Point on the 24th for two multifamily deals (280-unit and 350-unit)
[ ] Gantt to meet with Northwood Raven on Friday re: Riverside-Belmont deal
[ ] Address sewer line replacement at Lincolnton Plaza today

LoopNet is absent — flight canceled, spent the night at a hotel; will attend next week
Olivia is out of town; no pipeline update provided
Sammy had a morning meeting; not present
Thomas flagged to present on AI use at end of meeting

Southwood Avenue — payment not yet confirmed; no voucher received
Red Benches — dropped $4M
Wetzel / Independence Day — second payment received; still awaiting open-for-business date, keeps getting pushed back (target July 1)
South Boulevard / Packard Place / Bradley Roofing — several unpaid items carried over
District Drive — still tracking; invoice sent to clients late last week
Mallard Towns / Gantt — tracking for ~July 15; survey issue being corrected (adjacent property line recorded incorrectly by NCDOT sale to neighbor)
Bryce Alexander / Love Howie — expected close around the 22nd, pending confirmation
Red Ventures Drop — first payment received
Gantt Habitat — on target, targeting between July 1–15
ResiBuillt / Grier — on target, July 11
City approvals for both Grier and Mallard expected back yesterday

Zach

Kevin

Active searches: Landis, South Triad, machinery/mechanic parts user (Hosting House area), pavement company, Stone from Gator (use accepted)
Off-market iOS/industrial-zoned land deal (~$2M, 4,000 sq ft, 16-ft ceilings, three-way door, near university); owner does not want to list publicly

Bryce

4 LOIs currently active
Leaf Spring Daycare / Prosperity Church Road (4.4 acres, N1A zoning with conditions): Offered $1.2M, seller countered at $1.95M (wants over $2M); seller's cost basis ~$160K; call with seller today; targeting ~$1.7M as settlement number
Seller (Emilio Medina) is a multi-property investor; another piece in Huntersville
Brokerage fee discussion: Bryce has signed rep agreement at 4%; broader team discussion on importance of having rep agreements and commission agreements executed before contracts close
Medical office portfolio: Signed LOI in Kentucky; tour set up in West Virginia today; strong interest on Charlotte property
Pet Paradise / Lexington — strong offer but BB deal
AutoZone — still in negotiation

Gantt

Buckland listing (near River District / Scott and Thompson Toal) — expected under contract by end of week; residential buyer; value ~$10M
Offer out on parcel on Maulden Road, Greenville
Offer on Rocky River and Hood Road with Aventon (Multifamily deal)
OTO interested in Hawkins piece beside Krispy Kreme
Greenville County Square — meetings with Streetlights and Roka Point for two multifamily deals (280-unit and 350-unit); in-person meeting on the 24th
Northwood Ravin engaged on two additional multifamily deals as Phase 2; both parties informed of the parallel track
Shopton Road West with Profile Homes — still pursuing
Streetlights feedback pending on Tremont and South Boulevard; will revert to Bucci
Synco offer expected on Beard Road multifamily
Edgewater evaluating two multifamily acquisitions

Thomas

Metrics this week: 152 communications, 9 letters sent, 4 meetings (Crow Holdings, Peak Development, North State, Brownhaven Homes); $8M offer sent out last Friday
Upcoming: Give Impact meeting (potentially with Liz and possibly Megan)

Brian

Generator prospect showing interest for industrial/body shop space
Working with Doug Fur on building search; toured a property near Center Circle (Fort Mill)
Broader conversation: shortage of small freestanding industrial buildings (~10,000 sq ft) in urban Charlotte; most absorbed and repurposed
Team exploring industrial flex development model — 20–25K sq ft metal buildings with brick facade, demisable in 2,500–7,500 sq ft increments

Bill

NBC space available; tenant elected not to renew; potential fit for flooring/carpet prospect
Park South building (nonprofit owner; special use): Awaiting offer from North State multifamily group; two competing offers expected — one higher/longer term, one lower/quicker; owner (nonprofit with board) needs to weigh options; target sale ~$6.5–6.8M

Jim

Senator Sarbel property: Discussed with Lauren Shaw; Milton Silver indicated interest at $2M; team consensus listing price ~$2.2M, listed at $2.4M (recognized as high); listed ~3 weeks; positioned with flexibility
CVS on Old Monroe Road / Indian Trail: 40-year land lease, ~13 years remaining; tenant vacated, building vandalized; CB listing with unresponsive agent; owners (client) expect to reclaim keys and want to relist; may need cleanup and cosmetic refresh before relisting
Circle K / Ruskin contract: Ruskin's attorney Thomas Roper has had the 50-60 page contract for nearly 4 weeks without returning notes; Circle K now pressing hard

Notes