Grubb & Ellis|Thomas Linderman Graham, a leading Triangle real estate services firm, announced today that Shane Bull, real estate advisor, recently closed five transactions in downtown Raleigh. Ulanguzi leased space at 207 E. Hargett St., and Mirage and Still Life leased space on the ground-floor of West, a 17-story residential condominium building in downtown Raleigh’s Glenwood South district. Bull also assisted in the sale of two commercial buildings located at 311 E. Edenton St. and 17 E. Martin St.
Downtown Raleigh comprises 110 blocks and is home to approximately 5,000 residents. Its office market consists of nearly six million square feet of space concentrated around the Fayetteville Street District. Its retail market totals 1.2 million square feet with over 200,000 additional square feet under construction or planned. Bull himself is a downtown resident and is currently a member of the Economic Development Committee of the Downtown Raleigh Alliance. Bull says that he “loves” living downtown and intends to continue increasing his professional presence in this vibrant market.
“Raleigh is a city that continues to transform itself,” explains Bull. “With its museums, special events, performing arts, a convention center and restaurants, downtown Raleigh has something for everyone. I enjoy every opportunity to introduce our city’s richness and diversity to prospective businesses.”
The Downtown Raleigh Alliance serves as an independent contractor for the City of Raleigh to supplement city services in the downtown district. The organization is a guiding force in shaping a healthy center that anchors the city and region. DRA Economic Development Manager, Paul Reimel, has worked with Bull and other downtown stakeholders on developing a retail recruitment strategy for the area over the last few years and says that he is grateful for Bull’s continued support of the organization.
“I truly am thankful for everything that Shane has done for the Downtown Raleigh Alliance,” says Reimel. “From networking to bring others on board, to his consistent help and guidance on our retail program, I really appreciate all of his efforts and value our partnership.”
The history of The Downtown Raleigh Alliance can be traced back to a 1996 grassroots movement by a handful of visionary downtown leaders and property owners concerned about the future of Downtown Raleigh. At the time, the Alliance operated in a role similar to a traditional merchant's association. In 2000, the organization took a momentous leap forward by advocating for the formation of the business improvement districts (BIDs). Today, the Alliance optimizes its resources by building unique partnerships and collaborations with the public and private sectors to address issues facing downtown Raleigh.
About Shane Bull
With 15 years of business experience, Bull works closely with commercial tenants to find the best fit, best lease, best space, and best performing locations available. (shanebull.com) Shane currently serves on the Board of Directors for Triangle Commercial Association of Realtors (TCAR) and on committees for Downtown Raleigh Alliance, Greater Raleigh Chamber of Commerce, NC Restaurant and Lodging Association (NCRLA), and Urban Land Institute (ULI). He is also a member of International Council of Shopping Centers (ICSC) and National Association of REALTORS. His clients include Radio Shack, Smoothie King, and Aladdin’s Eatery Systems. Shane works with Grubb & Ellis|Thomas Linderman Graham in handling general brokerage relationships for retail, office, and investment properties.
About Grubb & Ellis|Thomas Linderman Graham
Grubb & Ellis|Thomas Linderman Graham is a full-service commercial real estate company with offices in Raleigh, Chapel Hill and Durham, North Carolina. As a locally owned and operated affiliate of Grubb & Ellis, the company specializes in serving the Triangle region and areas east to the North Carolina Coast, providing market presence and exclusive coverage for Grubb & Ellis in these markets. In 2009, Grubb & Ellis|Thomas Linderman Graham was honored as Grubb & Ellis Company’s Affiliate of the Year.
About Grubb & Ellis
Grubb & Ellis Company (NYSE: GBE) (grubb-ellis.com) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,500 professionals in more than 100 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds.