BANK OZK TO BUILD A BRANCH IN THE TRIAD WITH FOURTH ELM CONSTRUCTION

Bank OZK (previously Bank of the Ozarks) is building a two-story, 10,300 SF branch on Hanes Mall Boulevard in Winston-Salem. In 2015 Bank OZK entered the market with the purchase of Mocksville-based Bank of the Carolinas. The new branch will have modern frameless glass partitions, energy efficient windows and LED lighting. More on this story can be found on the Triad Business Journal.

FOURTH ELM CONSTRUCTION TO HELP COOK + BOARDMAN TRIPLE ITS CORPORATE SPACE

Building products provider Cook and Boardman will increase its current office space from 5,000 SF to 15,585. The company simply “ran out of room” and will move from their current Westpoint Boulevard location to the Salem Creek Business Park in Winston-Salem. Because of Cook and Boardman’s “premier presence as a longtime and respected supplier in the construction industry, (Fourth Elm was) honored to be chosen and to work as their general contractor for their new corporate office.”¬†More on this story can be found on the Triad Business Journal.

NEW RETAIL DEVELOPMENT UNDERWAY IN HIGH-TRAFFIC, ENCIRCLED TRIAD SPOT

A new retail building is under construction next to an existing building being renovated in a high-traffic Triad location circled by roads.

Greenwood & Charles of Winston-Salem is developing a new retail building in Kernersville on the round-about across from the new Lowes Food store on Market View Drive. Meanwhile, the developer is renovating in existing building with a South Main Street address that will become a Mattress Warehouse store.

Ladd Freeman of Freeman Commercial Real Estate told Triad Business Journal that the developer is referring to the project as “Market View Center,” though an official name is not planned. The two buildings will be surrounded by parking in the circle, which is bordered by South Main, Old Winston Road and Market View Drive. The buildings will be accessed by two entrances on Market View and another on Old Winston.

The project architect is Peterson-Gordon Architects of Winston-Salem. According to Fourth Elm Construction, the general contractor, construction began in May, and completion is scheduled in November.

The new five-tenant building totaling 7,634 square feet will have an all brick exterior with storefront glass and canopies. According to the Freeman Commercial Real Estate website, Mattress Warehouse will be the lone tenant in a renovated 4,772 square foot building on South Main that formerly housed multiple tenants.

Papa John’s Pizza will move from its current spot in the under-renovation Mattress Warehouse store into the new building. The remaining four storefronts in the new building will have 6,223 square feet of space, ranging from about 1,200 square feet to just over 2,000 square feet. Freeman Commercial is offering the space at $26 per square foot with a tenant improvement allowance negotiable.

Freeman said Papa John’s is the only tenant committed to the new building, but he’s gotten several inquiries about the shops.

“We’re really not in a rush,” Freeman told TBJ. “We’re waiting to get something up that we can show people.”

Mattress Warehouse has three stores in Greensboro and one in High Point, but no locations in Forsyth County.

John Brasier
Reporter
Triad Business Journal

To read more, visit the original story at The Triad Business Journal

Fourth Elm Builds New Retail Center Along Busiest Corridor in Winston-Salem

Fourth Elm Construction is working with a S.C.-based company to develop Encore Retail Shops, a small retail center, along one of Winston-Salem’s busiest corridors.¬† The project is located at 1602 S. Stratford Road, across from Hanes Mall, and will include four bays.¬† The retail center will have 16,267 square feel on the mail level and 9,867 square feel in¬† underground parking.¬† The tenants will be announced later, but there will be room for a restaurant with outdoor seating.¬† Construction is scheduled to be completed in July.¬† Fourth Elm Construction has worked closely with Stitch Design Shop, project architect, and Stimmel and Associates in handling civil engineering.¬† “Fourth Elm is excited to team with the developer and design team to build this project,” said Fourth Elm’s partner Justin Gibhardt.¬† “It is an excellent redevelopment of prime retail real estate in Winston-Salem.¬† The building design, with the lower level of parking, is an effective use of the site topography.”¬† More on this story can be found on the Triad Business Journal.

 

 

New Software Company built by Fourth Elm Construction brings jobs to Triad

Fourth Elm Construction is proud to have constructed Florida-based software company Superion’s new High Point location. Overall, it was a project totaling $3.46 million and created 80 new jobs for the Triad area.

Lake Mary, Fla.‚Äďbased software firm Superion has moved in to its new High Point location, a project totaling $3.46 million and 80 new jobs.

The company announced October 2017 it would be relocating from its facility at 4000 OSSI Court in High Point to the 390,000-square-foot Triad Center.

At the Triad Center where Superion now occupies 43,000 square feet, space has been made for the eventual 80 new employees who will earn an average salary of $57,829, which is 26 percent higher than the average wage in Guilford County of $45,602.

Formerly known as SunGard Public Sector, Superion designs and provides software for public safety, public administration, federal agencies and non-profit groups.

Tom Coffey, Superion vice president of human resources who led the redesign initiative, told Triad Business Journal the company began hiring in the fall, and has already added 43 new employees, bringing the total count to 217 across its product support, professional services and software development departments.

Coffey said he expects to hit the 80 new employee goal in the first quarter of 2019.

The company’s growth is attributable to a strong position in the market, Coffey said, anchored by a core customer base that consistently provides strong references. The company expects double digit year over year revenue growth over the next three to five years, he said.

The move to the Triad Center was made with the assistance of the city of High Point, as city officials unanimously approved $80,000 worth of performance-based incentives last August.

Though Superion was operating in more space at its OSSI Court facility, about 50,000 square feet, employees were spread out across three floors, and the hard wall partitioning at the former furniture showroom made it difficult to efficiently utilize the space, Coffey said.

As the space at the Triad Center was just a shell, Superion was able to build out the space to fit its needs of a more open and collaborative environment, essential for a technology solutions workplace, Coffey said.

Fourth Elm Construction, formerly known as GEMCAP Construction, was contracted for the renovations.

Superion was acquired in February 2017 by Vista Equity Partner, which has offices in Austin, San Francisco, Chicago, and Oakland, Calif.

By Luke Bollinger ¬†‚ÄstReporter, Triad Business Journal