Archive for September, 2015
Waterloo, IA (September 22, 2015) – Lockard has finalized a ground lease of 1331 Flammang Drive in Waterloo, IA to Chick-fil-A, Inc. Dustin Whitehead, CCIM with Lockard Realty Company represented the landlord. Becky Richards with David Hicks Lampert Brokerage represented tenant, Chick-fil-A. Chick-fil-A has steadily grown to become the largest quick-service chicken restaurant chain in the United States, based on domestic annual sales with over 1,900 locations in 42 states and Washington, D.C. In 2014, annual sales were nearly $6 billion. Chick-fil-A is still privately held and family owned. About Lockard
After remaining relatively stable during the latest recession, the health care real estate market appears on the cusp of explosive growth. Here are eight signs of the favorable opportunities existing in health care real estate: 1- Medical office vacancy rates nationwide are at their lowest level, 10.9 percent, since the 2008 recession. Furthermore, much of the vacancies exist in older, less adaptable buildings, meaning they aren’t an option for many practices seeking space. The impact of the recession and the uncertainty caused by the lengthy debate on the Affordable Care Act caused health organizations to shutter new construction. At the same time, demand for health care services increased. Now that the recession is in the rear-view mirror and the ACA’s impact is clearer, the industry is again looking to expand. 2- The need to expand health care services has never been greater. Millions of Americans now have greater access to health care because of the ACA; imagine, for instance, how the auto industry would benefit if a new law created 30 million newly licensed drivers. Additionally, the elderly population aged 65 and over, the most predominant users of health care services, is projected to increase by 79.2 percent through 2030.
Source: Leavitt Digital Leavitt Digital is conducting a number of “Spotlight Interviews” with industry leaders in the Commercial Real Estate Sector whom we feel lead by example. Leavitt Digital’s first interview is with Dave Wilson, CCIM / Executive Vice President of Development and Brokerage Manager at Lockard. LD: What career path did you want to take when you were in college? DW: When I was in college, I was going to school for a Leisure Services degree. I wanted to go work at a Christian camp and be an Executive Director of a camp someday. I really liked working at camps growing up and thought this was a great move for me. I then got married in college and had to work full time while going to school full-time, so I got a job at a bank and went to school full time in the evenings. I had switched schools my junior year and said, “what degree can get me through the quickest transferring my credits?” So I left University of Northern Iowa and transferred to Upper Iowa University and went to school for a Bachelor of Science degree in Human Services. This was actually really good because I was able to study what makes people do the things they do, which really helps with sales. LD: What events in your career path brought you to Executive Vice President of Lockard Development?