Market On Main A Promising Investment

Furniture World Magazine

Market on Main, one of the premier market showroom properties in the downtown business district on Main St., is now on the market. The property has been listed for sale by Parker-Jones-Kemp, LLC. “Our objective in creating Market on Main five years ago was to enhance the Main Street of downtown High Point with a building of new showroom space that would be of world-class caliber. By all accounts, we have accomplished our mission and it is time for Market on Main, which has been 100 percent leased and profitable from its inception, to be taken to the next level,” states Scott Parker, managing partner, who has agreed to stay on as a partner and manager. Optimally located in the Furniture Capital of the World, at 233 S. Main St., Market on Main is adjacent to the International Home Furnishings Center (IHFC). The building is six stories tall with approximately 60,000 sq. ft. of space. Fully leased since it was newly built in 1998, the building’s three tenants include Kimball Home Furniture, Orleans Furniture, Inc., and Rivers Edge Furniture Co., LLC. Included in its numerous amenities, the attractive property comes complete with one dozen parking spaces. Market on Main is co-listed for $7.85 million by Alpha World Properties and Lyndrup International. Notes Audie Cashion of Alpha World Properties, “High Point exhibition buildings compete favorably on the national and international real estate market as investments, as evidenced by the success of Vornado Realty Trust’s recent $135 million investment in High Point showroom buildings.“ “While fully leased, Market on Main’s location also makes it an ideal candidate for the creation of an iconic High Point showroom by a major international company seeking a presence in the United States,” says Mark Lyndrup of Lyndrup International. “We’ve already seen this approach executed successfully in High Point by leaders like Natuzzi, Hurtado, Bevan Funnel and Home Elegance. Interest by Asian companies, in particular, is high.” According to Cashion, Market on Main represents an excellent opportunity for investors both here and abroad. “There are no setback requirements in the central business district and the property is not old, so there are very few maintenance, improvement or reserve expenses,” he reports. “There’s a waiting list for centrally located showroom space and the Piedmont Triad is the third hottest real estate market in the country for expanding and relocating companies.” About Alpha World Properties, LLC Alpha World Properties based in High Point, North Carolina is a highly personalized, commercial real estate firm focused exclusively on Fast-Track Marketing, Property & Site Location and Sale Leaseback Transactions. As a native of High Point having traveled and lived internationally, Audie Cashion is dedicated to the dynamic and smart growth of the Piedmont Triad and North Carolina. About Lyndrup International Lyndrup International is an independent consulting firm based in Holden Beach, N.C., with offices in High Point specializing in support, marketing, Internet services and commercial real estate related to the International Home Furnishings Market.