IT’S OFFICIAL !
Contracts were inked today between Patrick “PJ” Doherty of The LMC Group and the City of Wilmington for brokerage services for the city’s endeavors and real estate holdings. The agreement makes Mr. Doherty and The LMC Group one of two exclusive Brokers for city property and acquisitions. Should any City of Wilmington real estate matters arise with regards to property or acquiring property, real estate inquiries and property evaluations, Mr. Doherty with The LMC Group will be your contact.
“The city had very strict requirements for potential brokers” stated Mr. Doherty. “I am extremely pleased that the city recognized my credentials along with the passion and focus The LMC Group has in the area, and I look forward to working with the city to promote city business and harmony with its citizens.”
One of the city’s requirements was that the candidate selected for this position must contain exclusive knowledge and understanding of discounted cash flow models. Additional requirements were specific to commercial brokers, and applied experience in the field of commercial real estate and finance. Mr. Doherty began in the real estate business in 1997 from the banking side, then moved into multi-family development, land sales, and earned CCIM designation in 2010 with concentration on office and industrial leasing. Mr. Doherty joined The LMC Group in January 2011 because of its deep roots in the area and its passion for creating new jobs in the construction industry, that has been hit so hard by the recession.
The LMC Group is an out of the box finance and real estate group dedicated to serving the area’s stalled construction, development industries as well as office, industrial and multifamily real estate sectors. At last count, this group has put in place over 500 transactions involving bank asset sales, retail sales, note purchases, investment deals, tenant leases, special assets sales, leasing & management, along with consulting on loan modifications for the government’s Making Home Affordable Assistance Program.
Congratulations to “PJ” Doherty and The LMC Group for earning this trusted relationship. If you desire to sell property to the city, or desire to buy property from the city, or simply have questions, Mr. Doherty’s direct line is 910-297-9572 and his email address is PJDoherty@TheLMC.com
The LMC Group announced today that Loadmatch Logstics, LLC has signed a long term lease with Ashes Drive, LLC to occupy the building located across from Mayfaire Town Center off Sir Tyler Road and Military Cutoff, Wilmington, NC.
LoadMatch Logistics arranges the transportation of shipping containers from ocean ports in the Southeast for import clients and then utilizes those containers for export shipments when they are returned to the port instead of being returned empty. Without LoadMatch Logistics services, a truck driver would pick up a shipping container of imported freight at the Port of Wilmington and transport it to an N.C. distribution center. The truck would then return to the port with no container. The cost for the round trip transportation was paid for by the importer. With LoadMatch’s service, this empty truck would be matched with a container bound for the port. The service saves the importer money, increases revenue for truck drivers and reduces the number of empty trucks that are traveling on the state’s highways. LoadMatch Logistics has developed a proprietary web based system to match imported shipping containers with those bound for export. It automatically notifies clients of delivery and pickup appointments, pickup and delivery confirmations and generates paperless invoicing, all via email. “Many times per day there are empty containers passing each other on the highways and our goal is to eliminate that,” said Winstead. Fuel efficiency for the typical container tractor is about 5 miles per gallon. Every matched container results in one round trip eliminated, thus saving 80 gallons of diesel fuel and related emissions. LoadMatch Logistics does business with the largest exporters of containerized cargo out of the US as well as the largest shipper of forest products from the US, Winstead said. LoadMatch Logistics also manages containers in the Southeast for the largest global transportation company in the world, DHL Global Forwarding. “We have just begun to serve the Southeast. We think we can grow to 10,000 containers per month.”
The LMC Group completed it’s search for space for Loadmatch Logistics near the end of July with leases in place the first week of August. ” We have great clients searching for good quality space, and we were pleased to be able to deliver the space needed by Loadmatch Logistics in a timely fashion” stated Roy Holdford, CEO of LMC. “Our guys work really hard, and it is imperative that we pull out all the stops to satify the needs of the real estate client today.”
The LMC Group is growing rapidly on the scene in this up and down economy. “We are determined to serve the needs of the community, and constantly remind ourselves that our focus is creating and keeping jobs by providing solutions to the challenges in today’s real estate market. If we can facilitate or provide a solution for any problem or venture, you can count on The LMC Group getting the task at hand completed” stated Holdford.
The LMC Group is a Commercial Real Estate Firm with strong ties to Development, Commercial Investments, Resurgence and Recapitalization of Residential Communities, Funding and Special Asset Structuring.