Simmons and Harris, Inc.

Simmons and Harris, Inc. Commercial is pleased to offer for sale a unique master planned development opportunity: a 491.2-acre plot strategically located just east of I-95 in Smithfield, North Carolina. This master-planned community is designed with a blend of residential and commercial spaces, ensuring a vibrant and thriving environment. The development plan features over 1,400 residential units, including single-family homes, townhomes, and multifamily units, catering to a variety of living preferences. Complementing this residential mix, a grocery-anchored retail center will provide added value and convenience to residents, making it an ideal place to live and thrive. For additional details: https://lnkd.in/gdn5vYMC

Welcome to the weekend! Check out our team's favorite reads from this week for your reading pleasure. 1. Banking on the Future: Builders and Land Bankers Grow Together 2.The Top 50 Master Plans Sold Over 34,000 New Homes in 2023 3. Ranked: America’s Best States to Do Business In 4. Multifamily distress nearly triples in 6 months 5. The Folly of Certainty 1. https://lnkd.in/gnVe2HQa 2. https://lnkd.in/gzQeJ2qi 3. https://lnkd.in/gzaXtWgb 4. https://lnkd.in/ghccGrJX 5. https://lnkd.in/gSPd5kUq John Burns The Real Deal

Simmons & Harris, Inc. is pleased to present a prime residential development opportunity at 816 Perry Curtis Rd, Zebulon, NC. The expansive 77-acre property, spanning Wake and Johnston Counties, offers significant development potential due to its strategic location. Situated less than 3 miles from the Nash County Line, this site provides excellent access to Zebulon, Wendell, and downtown Raleigh, all within a 24-minute drive. For conceptual site plans, zoning information, and more, please contact Rob Ferguson at Simmons and Harris, Inc. at rferguson@sh-cre.com

Simmons & Harris, Inc. is pleased to present a prime residential development opportunity at 816 Perry Curtis Rd, Zebulon, NC. The expansive 77-acre property, spanning Wake and Johnston Counties, offers significant development potential due to its strategic location. Situated less than 3 miles from the Nash County Line, this site provides excellent access to Zebulon, Wendell, and downtown Raleigh, all within a 24-minute drive. For conceptual site plans, zoning information, and more, please contact Rob Ferguson at Simmons and Harris, Inc. at rferguson@sh-cre.com

Welcome to the weekend! Check out our team's favorite reads from this week for your reading pleasure. 1. Distressed Property Investors See Prime US Opportunities: Some CRE investors believe now is the best time in a generation to buy troubled US real estate as the downturn continues. 2. The Impact of Debt: Howard Marks' latest investor memo. 3. What 2024 Has Taught CRE Pros So Far — And What’s Next: According to CoStar, CRE pros nationwide see more data center developments, retailer compromises, and subdued hospitality growth in the near future. 4. U.S. Apartment Demand Surges in 2nd Quarter: While supply continues to garner the lion’s share of apartment industry-focused headlines, there’s an equally strong surge in demand across the country. 5. GTP breaks ground on military aircraft maintenance site: The N.C. Global TransPark is set to bring in 444 new jobs and more than $400 million in investment with a new complex the U.S. Navy will use to maintain and repair military aircraft. 1. https://lnkd.in/gchujgrr 2. https://lnkd.in/gjDHFdzE 3. https://lnkd.in/gh9kqnkA 4. https://lnkd.in/gMsMKXTd 5. https://lnkd.in/gbgPpMbU The Free Press RealPage, Inc. CRE Daily Oaktree Capital Management, L.P.

The composite measure of TPPI demonstrated a quarter-over-quarter increase in 2024 Q1 of 0.51%, marking a slight improvement in the CRE market. Read Trepp, Inc.'s full article on Trends Across CRE Sectors https://lnkd.in/eQnTyiZG

Our team was thrilled to attend the grand opening of GXP-Storage’s state-of-the-art cold storage facility in Middlesex! Facility Highlights: Size & Scope: 60,000 sq ft of cutting-edge infrastructure. Specialized Storage: 210 individual freezer units capable of temperatures down to -80°C, ensuring optimal conditions for sensitive pharmaceutical products. Integrated Office Space: Fully equipped office areas to support operations and client services. Power & Control: A robust 1100 amps of dedicated power supply. Temperature Regulation: Constant 68°F temperature control within the warehouse to maintain product integrity. Advanced HVAC: A massive 120 tons of HVAC capacity to ensure precise environmental conditions. Tech-Driven Monitoring: All units are meticulously monitored using GXP’s proprietary tech platform, ensuring GXP standards of safety and compliance. GXP-Storage Susan Phelps Nash County Department of Economic Development

Boom Supersonic's factory exterior is complete! Looking forward to seeing this facility turning out a new generation of super-fast airliners in this 180,000 foot factory. https://lnkd.in/ejaNbWVK Business North Carolina Blake Scholl American Airlines United Airlines Japan Airlines

Simmons and Harris, Inc. is thrilled to take over leasing and property management services of the Fleming Apartments in Downtown Rocky Mount! Step into history with this charming apartment building, a testament to timeless elegance. Originally constructed in 1926 by Dr. Fleming to accommodate nurses training at Park View Hospital, this historic gem offers a blend of classic allure and modern comfort. Inside, you'll discover hardwood floors, meticulously crafted built-in cabinetry, and the inviting warmth of a fireplace (gas available). The kitchen boasts new appliances and a convenient washer-dryer setup, while private entrances at both the front and back ensure a sense of exclusivity, with only one adjacent apartment sharing the staircase. Meticulously renovated, the building features updated wiring and plumbing throughout. The spa bathroom is a sanctuary of relaxation, adorned with new tile and glass, complemented by a newly added half bath for convenience. Adaptable living spaces await, with a room originally designated as a dining area offering versatile usage options such as an office, dining room, or den. The kitchen delights with a butler's pantry and an adjacent sunroom, perfect for soaking in natural light while enjoying your morning coffee. Immerse yourself in the grandeur of high ceilings and unique architectural features that set this residence apart. Experience the timeless charm and unparalleled character of this historic building firsthand with tours available by appointment only, following pre-approval.