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GAMET1ME Makes The News!

The following is a link to and the aticle posted in the WS Journal in todays paper. There are some really cool pics of GAMET1ME. Hope you enjoy! Click Here for Link to the Article   The Actual Article

Kinnamon Village lands four new tenants

Posted 

CLEMMONS – Abner Wright remembers how good business was for local shopping centers before 2007.

“Things were just going great,” said Wright a commercial broker for Freeman Commercial Real Estate. “People were building and things were growing. Developers were building shopping centers and other things. Banks were lending pretty freely.”
Then the economy tanked and many shopping centers took a big hit, finding it hard to fill vacant space.
But business is steadily picking up again, Wright said.
For example, Kinnamon Village shopping center, which is managed by Freeman Commercial, had been in a dry spell in terms of new tenants. But the center recently rented 7,500 square feet to four different businesses.
“It’s a beautiful center and is well built and it’s a good location,” Wright said, “but it’s just been quiet.”
Kinnamon Village was built in 2006. It was sold to Kinnamon Village LLC in August 2009 for an undisclosed price. The 64,000-square-foot shopping center sits on 10 acres on Kinnamon Village Drive off Stratford Road and is anchored by a Food Lion. Its next largest tenant is Whitney Flooring.
With the new tenants, the center is 78 percent leased, meaning it has 22 percent or 14,400 square feet of empty space. The center also has three outparcels that are available for sale.
Kinnamon Village’s newest tenants are GameT1me, K.I. Clemmons, Lavish Nails Spa and The Attitude Nation fitness gym.
GameT1me is expected to open within two weeks. The console video game entertainment center provides more than 50 gaming systems — traditional and next generation. GameT1me also has classic gaming systems, including Super Nintendo and Nintendo 64.
“This is our first store and we’re hoping to branch out into the rest of the Carolinas,” said principal owner David Wall.
Wall hopes that some type of eatery will open in the vacant space beside GameT1me or in the 5,400 square feet across from his business.
Keith Turpin and Chris Zendergraft are the owners of K.I. Clemmons Inc., a karate school that offers a curriculum for ages 3 and up. K.I. Clemmons is part of the Karate International group.
“We are American karate and we are a self-defense oriented program,” said Turpin.
The school, which opened in early June, is also planning a Tai Chi program in the fall.
The owners of The Attitude Nation and Lavish Nails Spa could not be reached for comment. Wright expects the nail salon to open within two months.
The vacancy rate for nonanchor stores in the Winston-Salem area dropped from 20.8 percent in October 2013 to 17.7 percent in April 2014, according to a recent survey of 59 shopping centers by Michael S. Clapp & Associates.
Nonanchor store vacancies declined in all of Winston-Salem’s submarkets in that six-month period. The vacancies fell from 20.1 percent to 14.3 percent in North Winston-Salem/Rural Hall/King; from 27.5 percent to 25.6 percent in Northwest Winston-Salem/Lewisville; from 17.7 percent to 14.4 percent in Southwest Winston-Salem/Clemmons; and from 13.4 percent to 12.8 percent in Kernersville/Walkertown.
“The vacancy rate is the lowest number we’ve had since way back in 2008,” said Paul Carter, a commercial real-estate appraiser for Michael S. Clapp & Associates.
He expects local shopping center vacancies to gradually continue to decline.
“We don’t see much shopping centers being built in the market,” Carter said.
The most significant change from October 2013 and April 2014 was Harris Teeter’s plans to open a 56,057 square-foot store in an area previously occupied by Roses at Pine Ridge Plaza on Reynolda Road.
More recently Walmart Real Estate Business Trust paid $216,000 to buy a 49,296-square-foot site at Northchase Shopping Center at 5109 University Parkway, according to Forsyth County Register of Deeds data. A Walmart neighborhood grocery market is expected to go in the former Kroger space.
The survey found that the average asking rents for local shop space in the overall market increased from $13.99 to $14.29 a square foot. The asking rents were up in most of Winston-Salem’s submarkets, except for the North Winston-Salem/Rural Hall/King submarket where asking rents dropped from $10.68 to $10.53 a square foot.
Like many shopping centers in the current economy, Kinnamon Village has offered incentives to attract tenants.
“It’s typically two month’s free rent with landlord participation and the upfitting of the space, as well as really attractive rent,” Wright said. Images by: Andrew Dye / Journal

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Homework 1st in Clemmons

Homework 1st in Clemmons is a great after school option for kids 7 and up.

Posted by Gamet1me on Sunday, August 9, 2015

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