Investment Portfolio



Deep Run

Deep Run III the former 383,000 Square Foot abandoned Circuit City Head Quarters building was contracted for during the Second Quarter of 2011 by Spilman Short (DRV,LLC) from C-III post foreclosure.




Location: Glen Allen, Virginia
Type: Class A Office
State: Virginia

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Villa Park

Villa Park I was acquired by Short in June 2011 post foreclosure from Orix Capital Markets in a Joint Venture with Markel Eagle Partners. This 76,868 SF office /Flex property was acquired $4,300,000or $56PSF while 58% vacant.



Location: Richmond
Type: Office
State: Virginia

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Best Western Savannah

The 120 room Best Western Savannah was acquired by Short in July 2014 under market conditions for $2,550,000 representing a Revenue multiple price of 1.88 or a 12 % capitalization rate. The all in cost were defined as $2,870,600 ($24,000 per key) or a 2.12 multiple on2013 trailing revenues of $1,356,634.



Location: Savannah
Type: Hotel
State: Georgia

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Carolina Center Business Park

A multi-tenanted suburban flex office and warehouse development. The property consists of three buildings: Center I, Center II and Center IV built in 1985, 1984 and 1987, respectively. The three buildings total 110,465 square feet and are situated on approximately 10.6 acres.





Location: W. Columbia, SC
Acquired: August 2007
Type: Office / Flex
State: South Carolina

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The Preserve at West View

Ground-up development of a 216-unit Class A gated apartment complex. The site consists of 13.86 acres with multiple ingress/egress points and good visibility along two thoroughfares. Planned improvements include 14 stone/vinyl-siding buildings containing a mix of 1BR/1BA, 2 BR/2BA and 3BR/2BA units ranging from 803-1,319 square feet. Amenities to include: clubhouse, fitness facility, lounge, business center, conference/meeting facilities, pool, Jacuzzi, car wash, basketball court and playground. Landscaping plans provide ample green space, including a buffered perimeter with natural screening and decorative fencing.



Location: Greer, SC
Acquired: July 2007
Type: Multifamily
State: South Carolina

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Village Medical Park

A mixed-use project comprised of 19 buildings totaling approximately 94,928 square feet. Built in phases between 1995 and 2003. The property combines medical, office and related uses with complementary retail uses within one planned environment. The majority of tenants are medical professionals or healthcare services firms.




Location: Orangeburg, SC
Acquired: August 2006
Type: Medical Office
State: South Carolina

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Grove Park Shopping Center

A BI-LO anchored community shopping center containing 106,557 square feet of rentable space on 9.6 acres. Constructed in 1987 and expanded in 1991.


Location: Orangeburg, SC
Acquired: August 2005
Type: Retail
State: South Carolina

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Additional Investment Properties

The Shoppes at CrossRidge

Shoppes at Crossridge

(Ukrop’s, Bank, Restaurant, Video, Cleaners, Card Shop)

Size: 96,000 SF

Cost: $10,000,000

POC: Sam Kornblau, 804-346-9600

Architect: Freeman & Morgan Architects

Aquia Town Center

Aq uia To wn Center(Grocery, Department Store, Drugstore, Hotel, Restaurant Outparcels, Regal Cinemas)

Size: 325,000 SF

Cost: $21,500,000

POC: Sidney Gunst, Jr., 804-347-4774

Architect: Rawlings & Wilson Architects

Meadows Plaza

(Retail Center, Bank, Restaurant, Retail)

Size: 50,000 SF

Cost: $1,800,000

POC: Michael J. Melton, 804-545-6220

Architects: Perretz & Young Architects

CrossRidge Professional Park

CrossRidge Professional Park(Office Condos)

Size: 31,000 SF

Cost: $4,500,000

POC: Sam Kornblau, 804-346-9600

Architect: Freeman & Morgan Architects

Liberty Trace

Size: 213 Town Home Subdivision – Hanover County, VA

Cost: $10,000,000

POC: Michael J. Melton, 8

Montpelier Shopping Center

(Food Lion Center)

Size: 80,000 SF

Cost: $7,500,000

POC: Robert M. Atack, 804-346-3000

Architect: Freeman & Morgan Architects

S & K Famous Brands, Inc.

(S&K, Future Pier I, Bridal)

Size: 23,500 SF

Cost: $2,000,000

POC: Stuart Siegel, 804-346-2501

Architect: CMSS Architects

Moore Business

(Single Tenant Office Warehouse)

Size: 115,000 SF

Cost: $5,200,000

Mine Road Plaza

(Restaurant, Cleaners, Finance, CellOne)

Size: 12,000 SF

Cost: $1,800,000

POC: Rhett Clarkson, 804-285-9930

Hull Street Plaza

Size: 50,000 SF at build-out

Cost: $2,000,000

POC: Michael J. Melton, 804-545-6220

Architect: Freeman & Morgan Architects

Bottoms Up PIzza

Bottoms Up PIzzaSize: 7,000 SF

Cost: $1,600,000

POC: Chris DeCapri, 804-364-6000

Architect: Perrett & Young

CVS at Kings Charter

Size: 10,200 SF

Cost: $2,000,000

POC: Michael J. Melton, 804-545-6220

Southport Office Park

Southport Office ParkSouthport Office Park
Richmond, Virginia

Size:  85,000 Square Feet

Purchase Terms: 30 day due diligence / 60 day close

Seller: Local Investment Group

Decisive Purchase Criteria: Mature office and industrial in-fill location. Good historic occupancy and curb appeal with proper rollover for objectives. Purchased at 50% below replacement cost and resale value.

Objectives: Short term hold, maintain rental income while selling units as condominiums at market levels to maximize our investor yields.

Glen Eagles Shopping Center

Glen Eagles Shopping CenterGlen Eagles Shopping Center 
Richmond, Virginia

Size:  88,800 sq.ft.

Purchase Terms: 30-day diligence, 30 day close

Seller: G.E. Capital Fund

Decisive Purchase Criteria: Outstanding location, growth market, rents 25-40% below market, strong curb appeal, substantial vacancy, grocery anchored

Objectives: Long term hold, increase rents 25-40% (accomplished)
Fill vacancies (accomplished)


Midlothian Station Shopping Center

Midlothian Station Shopping CenterMidlothian Station Shopping Center
Midlothian, Virginia

Purchase Terms: 30 days Diligence, 30 day close

Seller: South Eastern Based Private Firm

Decisive Purchase Criteria: Outstanding Location, dynamic growth market, rents
25-30% below market stabilized tenant mix, needed face-lift.