Rankin Commercial Properties released a press release with their latest market insight.

Raleigh, NC (RCPNEWS) 1, September 2010 – Rankin Commercial Properties announced their latest view on Commercial Real Estate Market Conditions today saying that the industry is “Back to Black.”   

Rankin Commercial Properties a full service commercial real estate firm in Raleigh, North Carolina, has been a market leader in maintaining property portfolios for clients in the South Eastern United States.  Rankin Commercial Properties occasionally releases market updates on conditions surrounding the commercial real estate market.  

“For the first time in a long time, we are seeing significant activity in the Commercial Real Estate markets that suggest a fall out is no longer expected” said Charles Rankin, President of Rankin Commercial Properties.  “Institutional buyers are stepping into investments helping the Dow Jones REIT index significantly outperform the broader market.” FTSE NAREIT’s All-REIT index, comprised of 148 publicly traded REITs, was up 11.7 percent year-to-date as of Aug. 26 while the Standard & Poor’s 500-stock index was down 4.9 percent. Publicly traded REITs represent 15 percent of the total U.S. commercial real estate market.

However, Rankin Commercial Properties forecasted a foreclosure rush earlier in the year which would have offset the scarcity of property acquisition opportunities, which has limited many REITs’ ability to grow as the economy recovers.  “We thought a fall out would have been a good thing, a great thing for our business, but it never happened, now we are focusing on leasing properties and maintaining properties” said Charles.

Rankin Commercial Properties believes Apartments and Retail properties will outperform the market as Office properties and Industrial Properties begin moving off the bottom.  But the fact that the commercial real estate market hasn’t crashed is overall positive. 

According to Rankin, CMBS loans in 2010 while a fraction of the peak in 2007 have already far exceeded the total for 2009. Commercial Real Estate Sales spiked to $9.7 Billion in June, while commercial property values continued to increase at a premium above current rental rates.  The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS increased to 79.4% as of July 30, 2010, up from 77.4% as of June 30, 2010. Loan values were 71.1% as of July 31, 2009. In July, DebtX priced 57,801 Commercial Real Estate loans with a $679.5 billion aggregate principal balance. “The fact is, sum 90% of CMBS loans are performing” said Charles.

July’s numbers followed June’s where there was a spike in national multifamily and commercial real estate sales, rising to $9.7 billion in the month. This was the highest volume of significant commercial property sales since September 2008. The increase in activity-over the year, from the first to the second quarter and over the second quarter itself-suggests that investors remain largely undeterred by downward revisions to the economic outlook. The current tally of commercial properties in contract suggests that prevailing levels of activity will be sustained into the third quarter.

“Cap rates are beginning to rise significantly” says Charles “from 9 to 10% last year to 7 to 7.5% today, there still could be a backlash and slight double dip, but still we are talking about capitalization rates at all significant highs yielding great commercial property investment opportunities.”

“Apartments will outperform the entire real estate industry as renters move back into the community but aren’t ready for purchasing a home, a common trend following a recession” said Charles.  REITs that primarily own apartment buildings are in a stronger position than those that concentrate on office, retail, and industrial properties. With home prices continuing to fall, and access to credit diminished, renting is the only option for many people who can’t get mortgage loans or aren’t willing to buy a house now. Occupancy rates for apartment buildings are currently running at 92 percent to 94 percent, compared with about 88 percent for warehouses and other industrial properties and 84 percent for office buildings.

But Rankin Commercial Properties believes the Retail Property market is leaning towards a pop.  “US consumers are deleveraging faster than expected, they are cash heavy, and it’s only a matter of time before they start spending.”  Today consumer spending rose slightly as some consumers began fretting off fears of unemployment.  “The worst for the retail industry is over, has been over, and as those retailers begin looking for ways to increase revenue and reallocate funds, property leasing activity is going to rise, and higher spending will increase percentage rents.” 

“In August we saw a pop in Retail sales driven by back to school shoppers and sales tax holidays” said Charles, “that was actually an unexpected improvement.” Better consumer confidence numbers, spending numbers, and August sales numbers are all good signs for Retail Properties.    

Although Rankin Commercial Properties is bearish on the suburban office space and industrial space, they still had a few positives.  “Our entire economy has changed, we simply won’t return to the same conditions we had pre 2007, however, one thing is certain and that is recessions are restored with innovation.  Innovation requires office space and industrial space, the question is where will that innovation come from, Tech, Medical, Research and Development, who really knows at this point, it’s too early to tell” said Charles.

“On a local market level, Raleigh Commercial Real Estate  and Cary Commercial Real Estate have several strengths that will help push a recovery in Office and Apartments as Fort Brag expands and DOD contractors search for offices in the Raleigh-Fayetteville areas” said Charles.   “Other office space users seem to be temporarily medical and counselor driven, however RTP has seen some significant activity recently from Research and Development type corporations.”

“Overall Commercial Properties are ‘Back to Black’ meaning the cash flows are increasing enough to sustain properties and keep bankers from foreclosing.  But significant growth remains weak primarily because the segment is recovering without a washout.  We’ve seen a lot of loans rolled and very few foreclosures in recent months accompanied with stronger leasing activity.”

About Rankin Commercial Properties LLC:

Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company.  Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.

Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.

Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate

Raleigh, NC (RCPNEWS) 08, June 2010 – Rankin Commercial Properties announced marketing statistics for May 2010 showing over 18,000 unique website visitors.   

Rankin Commercial Properties a full service commercial real estate firm in Raleigh, North Carolina, has been a market leader in online marketing of their property listings.  In May 2010 Rankin Commercial Properties had 18,327 unique website visitors.

“Rankin Commercial Properties is revolutionizing the way Commercial Properties are marketed on the internet, we have seen significant increases in traffic to our site, as well as leads for additional information on properties we have listed or Tenant/Buyer Representation requests” said Charles Rankin, President and CEO of Rankin Commercial Properties.

Based on a sample survey of the visitors from the Triangle Region of North Carolina, Rankin Commercial Properties estimates:

For Lease or For Sale Searches:

 55% Commercial Properties For Lease

23% Commercial Properties For Sale

22% Either

            Property Type of Interest:

                        16% Multi-Family Properties 
                        10% Industrial Properties 
                        3%   Land

                        33% Office Space

                        38% Retail Space

            City of Interest:

                        35% Cary

                        92% Raleigh

                         9% Durham

                        14% Surrounding Areas

“The leasing market is continuing to strengthen in the Triangle Area, although we have seen a slight increase in purchase and investment interest.  Another key point about May’s results shows a significant increase in retail interest and decrease in industrial” said Mr. Rankin.

Rankin Commercial Properties completed mainly office and retail leases in the first quarter of 2010 and similar to their website traffic results has picked up on retail transactions during the second quarter.

The stats also indicate searches are mainly in the 1500-3500 SF range although industrial interest for the month showed an increase in searches for properties over 10,000 SF.

About Rankin Commercial Properties LLC:

Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company.  Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.

Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.

Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate

Contact:

RCP Marketing Department

800-737-9632

www.rankincommercialproperties.com

Raleigh, NC (RCPNEWS) 27, May 2010 – Rankin Commercial Properties in a company market report they do not believe overseas debt problems will prevent a comeback in the United States commercial real estate market.    

“The current ‘Debt Crisis’ in Europe is completely different than 2008’s mortgage fallout,” explains Charles Rankin, President and CEO, “in a worst case scenario it threatens $1.7 Trillion Euros a mere fraction of the Mortgage crisis.  The only immediate threat is a Trillion Dollar loss in household net worth from the May market correction stemming from the uncertainty over our Eurozone counter parts.”

While Rankin Commercial Properties does not consider themselves experts over the financial markets, they daily monitor economic data, trends, and markets as part of their overall strategic direction.  “The information pouring out of the market on a daily basis gives us the ability to be agile and versatile in what we see as a national recovery, and then focus our strategic plans in the path of least resistance” explained Charles Rankin “The May pullback definitely deterred some investors and lessees, however, we believe the correction was needed to help increase long term confidence in our business markets, as things in April almost seemed to be moving ahead too quickly which increased uncertainty as many believed some sort of short fall was imminent.  We’ve now seen a clear picture of what that short fall is, and as we gain more and more clarity on the issue and see faster solutions, we believe it will increase confidence making our recovery stronger.”

So what type of strategic directions does the company have? “We have been contemplating a diversified Real Estate Fund which would focus primarily in North and South Carolina, as well as Virginia near the DC area.  While we have been slowly prepping the SEC documents, we have also been observing acquisition as well as leasing activities in those markets.  What we are seeing is a steady increase in leasing activity yet still no real significant increase in acquisitions which bodes well for our plans” said George Upchurch, Executive Vice President of Operations “This works well with our plans as we want to find good deals in a strengthening leasing market.”

“The current ‘Euroland’ issues most likely just bought us another 60 days on our plans as the impact on our financial markets has taken some confidence from buyers.  However, we say 60 days since we feel the ‘Euroworld’ uncertainty will be short lived” added Charles Rankin.

Rankin Commercial Properties also pointed out the fact that increased consumer confidence, retail sales, and corporate data all indicate moderate economic growth and significantly less leveraged corporations.  They believe these results bode well for overall economic recovery.  “Commercial REITs focused on Mall and Super Center ownership are looking extraordinarily strong as the credit behind their tenants continues to improve monthly” said Rankin “however grocers still look weak as many struggle to recover with and therefore strip centers are less attractive.”

The company’s main focus remains on second generation space. “Historically, the real driving force behind economic recovery lies in the local privately held businesses.  Americans are resilient when it comes to being innovative and most recessions cause an increase in productivity, not just in the larger corporations, but in the overall independent business owner.  While the small business cycle still appears to be facing significant head winds, we believe the productivity in small businesses is about to erupt into something extraordinary, similar to previous recessions, forming many new business concepts and ideas.  While the small business market is generally less credible than the corporate market, small business owners have the innovation, drive, and ambition many corporations lack.”

The company also believes as larger corporations emerge into post recession they will seek lower cost structures making second generation space attractive to even the classiest of corporations.  The 2005-2007 development boom lead rental rates to all time highs for businesses demanding classy appearances, however, those days may be far from recovery.

“The commercial real estate industry going forward will enter a ‘recycling frenzy’ as developers seek out older assets with significant potential to ‘reface, remodel, and release’ older assets… there’s much more money in it, especially when the costs of acquiring those assets is significantly priced lower than new construction and can yield similar high rents” said Rankin.  He also believes new construction will materialize through more mixed use projects.  “Retiring baby boomers are steering away from their suburban roots and looking to copy cat the more youthful Live, Work, Play attitude of the Gen X workforce. Who prefer lower maintenance yards, closer shopping, and more social atmospheres, best accommodated by condominiums and apartments above shops retail and dinning. Additionally, as the upcoming generation and governments become more energy conscious and autos steer in the direction of electric power, shorter traveling distances will help feed the Mixed Use Development concepts.”

About Rankin Commercial Properties LLC:

Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company.  Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.

Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.

Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate

Contact:

RCP Marketing Department

800-737-9632

www.rankincommercialproperties.com

Raleigh, NC (RCPNEWS) 24, May 2010 – Rankin Commercial Properties announced today they are listing 2,900 Square Feet of Retail Flex Space in Apex, North Carolina.   

The property is located at 2112 East Williams Street between the Hwy 55 bypass and Old Smithfield Road.  Previously the location of Paradise Pools, the property features a large showroom

For more information on this listing, contact Pramod Patel at 919-210-9919 ppatel@rankincommercialproperties.com.   

About Rankin Commercial Properties LLC:

Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company.  Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.

Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.

Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate

Contact:

RCP Marketing Department

800-737-9632

www.rankincommercialproperties.com

Raleigh, NC (RCPNEWS) 26, May 2010 – Rankin Commercial Properties announced today they are listing 3,195-5,610 Square Feet of prime retail space on Six Forks Road in Raleigh, NC. .

The property is located 1.5 miles from the Rankin Commercial Properties Raleigh office at 601 E. Six Forks Rd, on the corner of Wake Forest Rd and Six Forks Rd on either side of Lifestyle Fitness.  Neighboring businesses include Applebee’s, Papa John’s, KFC, and Costco.   

North Hills continues to grow and expand across Six Forks Road, the Wake Forest Road and Six Forks Road corridors have been becoming increasingly bullish markets turning older shopping centers and office buildings into rehab projects for developers.

After taking over 4109 Wake Forest Road, a 34,000 SF Class B Office Building on the corner of New Hope Church Road and Wake Forest Road, Rankin Commercial Properties leased the property up from 40% to 96% with some new leases exceeding $20 PRSF.  “We’ve seen a lot of action in this vicinity over the past 18 months which could even still have been slightly hindered from the economic conditions.  Still, the properties are leasing up and prospects continue to search for space throughout the area” said George Upchurch, Executive Vice President of Operations at Rankin Commercial Properties.

For more information on the Wake Forest Road/Six Forks Road retail space, contact Samuel Thornton at 919-259-2337 sthornton@rankincommercialproperties.com.   

About Rankin Commercial Properties LLC:

Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company.  Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.

Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.

Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate

Contact:

RCP Marketing Department

800-737-9632

www.rankincommercialproperties.com

Raleigh, NC (RCPNEWS) 24, May 2010 – Rankin Commercial Properties announced today they are adding additional office space listings to their Cary Portfolio.   

Rankin Commercial Properties has been quickly growing their property listings portfolio throughout the Triangle region of North Carolina.  Today Rankin Commercial Properties

The property is located at 1020 Southhill Drive directly off Weston Parkway, just minutes from the Arboretum Shopping Center and the SAS Institute Campus.  The Office Space is on the 3^rd floor (directly off the elevator) of a three story Class A building, which has other tenants primarily in the healthcare and mental health industries.  Features include private restrooms, kitchenette, spacious offices, and plenty of windows. Both Spaces are corner units facing the front side of the building.

For more information on this listing, contact Mike Meagher at 919-210-9919 ppatel@rankincommercialproperties.com or George Upchurch at 919-418-4620 gupchurch@rankincommercialproperties.com .

About Rankin Commercial Properties LLC:

Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company.  Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.

Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.

Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate

Contact:

RCP Marketing Department

800-737-9632

www.rankincommercialproperties.com

Raleigh, NC (RCPNEWS) 24, May 2010 – Rankin Commercial Properties announced today they are listing 2338-4676 Square Feet of Office Space in Cary, North Carolina.   

The property is located at 1020 Southhill Drive directly off Weston Parkway, just minutes from the Arboretum Shopping Center and the SAS Institute Campus.  The Office Space is on the 3^rd floor (directly off the elevator) of a three story Class A building, which has other tenants primarily in the healthcare and mental health industries.  Features include private restrooms, kitchenette, spacious offices, and plenty of windows. Both Spaces are corner units facing the front side of the building.

For more information on this listing, contact Mike Meagher at 919-210-9919 ppatel@rankincommercialproperties.com or George Upchurch at 919-418-4620 gupchurch@rankincommercialproperties.com .

About Rankin Commercial Properties LLC:

Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company.  Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.

Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.

Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate

Contact:

RCP Marketing Department

800-737-9632

www.rankincommercialproperties.com

Raleigh, NC (RCPNEWS) 24, May 2010 – Rankin Commercial Properties announced today they are listing a 4676 Square Foot of Office Condo in Cary, North Carolina.   

The property is located at 1020 Southhill Drive directly off Weston Parkway, just minutes from the Arboretum Shopping Center and the SAS Institute Campus.  The Office Condo is on the 3^rd floor (directly off the elevator) of a three story Class A building, which has other tenants primarily in the healthcare and mental health industries.  Features include private restrooms, kitchenette, spacious offices, and plenty of windows. The Condo is a corner unit facing the front side of the building.

For more information on this listing, contact Mike Meagher at 919-210-9919 ppatel@rankincommercialproperties.com or George Upchurch at 919-418-4620 gupchurch@rankincommercialproperties.com .

About Rankin Commercial Properties LLC:

Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company.  Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.

Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.

Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate

Contact:

RCP Marketing Department

800-737-9632

www.rankincommercialproperties.com

Raleigh, NC (RCPNEWS) 23, May 2010 – Rankin Commercial Properties announced today they had leased a 1,200 SF Flex/Warehouse Space in Holly Springs, NC.

The 1,200+/- SF office space, is located at 108 Thomas Mill Road in Holly Springs, NC.  Kenneth Fain of Rankin Commercial Properties represented the tenant’s interests in the transaction.

The Tenant, Carolina Grown is a food cooperative connecting average consumers with farmers throughout North Carolina. Carolina Grown goes through an extensive process to choose the best farmers with the best selections. After picking a farmer with good credentials, they set up an initial fact-exchanging session. They also try their meat or produce and tour the farms as a necessary step in selecting the farmers for their service. Carolina Grown ranchers all go through USDA certified butchers, and the USDA also tours the farms to be sure that they are abiding by humane handling practices.  Consumers then purchase Carolina grown meats and produce directly from farmers through Carolina Grown.  For more information on Carolina Grown visit www.carolinagrown.org

About Rankin Commercial Properties LLC:

Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company.  Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.

Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.

Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate

Contact:

RCP Marketing Department

800-737-9632

www.rankincommercialproperties.com

Raleigh, NC (RCPNEWS) 23, May 2010 – Rankin Commercial Properties announced today they had released a 6500 SF Office Space in Durham

The 6,500+/- SF office space, previously leased to EDGE is located at 800 N Mangum Street in Durham.  Samuel Thornton of Rankin Commercial Properties represented the landlord side of the transaction.

Details of the new tenant have not yet been disclosed.  “While it was a shame to see EDGE go, we believe the new tenant will also bring a lot to the community and are looking forward to watching their establishment grow” said Charles Rankin, President and CEO of Rankin Commercial Properties.

This is the third time in three months Rankin Commercial Properties has evicted a tenant with an immediate replacement this year.  In February Rankin Commercial Properties evicted a restaurant tenant in Downtown Cary and signed a lease the next day with Mediterraneo.  In March Rankin Commercial Properties evicted a 2,000 SF hair salon in Raleigh and immediately released the space to a stronger medical user, and in April, Rankin Commercial Properties evicted EDGE releasing their space immediately to another new tenant.

“You have to pat those guys on the back” said Ian Holmes of Lorian Investment Group, “they have been able to navigate an extremely difficult environment, constantly on their toes, acting quickly to take advantage of opportunities in the market and keep their properties leased.”

Rankin Commercial Properties manages the property at 800 N. Mangum Street. 

About Rankin Commercial Properties LLC:

Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company.  Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.

Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.

Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate

Contact:

RCP Marketing Department

800-737-9632

www.rankincommercialproperties.com