Calkain Cos. expands to North and South Carolina

Published September 11, 2014 by Paula C. Squires

Calkain Cos. continues its expansion efforts in the Southeast with a new focus in North and South Carolina.

The Reston-based commercial real estate firm, which specializes in let leasing, said that Patrick Nutt, its managing partner, has attained his North Carolina brokerage license and has begun working with developers and investors in the Charlotte, Research Triangle, Asheville and coastal markets in that state.

Meanwhile, Chris Koepenick, associate director, has joined Calkain to spearhead the firm’s efforts in the South Carolina market. 
He is based in the company’s newly formed Charleston, S.C., office. 

Formerly with Lee & Associates, Koepenick is a 12-year commercial real estate professional who specializes in net lease investments throughout South Carolina.

Recently, Calkain handled some of the largest net-lease transactions in the Northern Virginia market. The company brokered the sale last month of a redeveloped 34,000-square-foot REI store at Tysons Corner for $22 million.

According to Calkain officials, net-lease investors continue to pursue in-fill locations within core markets such as the Washington. D.C., metropolitan area. They like the investments because net leases primarily focus on single-tenant, commercial real estate properties occupied by tenants with long-term leases, which provides a good income stream.

The REI sale came just two months after a record-breaking ground lease sale for a new CVS, also at Tysons Corner, priced at $24.7 million, or about $1,915 per square foot.