ABC Real Estate Co 02-23-2012 New Hanover County ABC Board
Real Estate Committee
Meeting Minutes
The Real Estate Committee met at the ABC Main Office at 2:00 PM on February 23,2012.
Attendees:
Board Members: Robert Martenis and David Matthews
Employees: Gary Cain, Retail& LBD Sales Ops Manager&Dan Sykes, CEO
Commercial Realtor: F. Spruill Thompson, Senior VP for Cape Fear Commercial
The primary purpose of the meeting was to discuss the real estate needs of the Board,
specifically regarding a Liquor-by-the-Drink(LBD) facility or viable alternative. Mr. Thompson
was selected to represent the Board for real estate acquisition purposes at its last meeting
February 21, 2012 for this transaction.
It was explained that the Board was currently using store #103-17th Street as the main LBD
facility. Stores #105-Carolina Beach and #110-Porters Neck were being used as additional
facilities to relieve the main site and to provide better customer service.
Several options were discussed including, but not limited to, obtaining a facility:
• to house a single LBD outlet, or
• to divide LBD services between the East and West sides of the County, or
• to move the office/distribution center out of the 17th Street location, or
• a suitable alternative of the above.
Ownership/leasing options were discussed (purchasing of an existing building, leasing of an
existing building and purchase of raw land).
The general consensus was that the Board was open to various options but stressed the need for
value(for the expenditure), improved customer service, and improved operational efficiency.
Fees were discussed and it was agreed upon that brokerage fees would be absorbed by the seller.
Mr. Matthews mentioned that the Hanover Center property, previously considered by the Board,
be excluded from the agreement. It was agreed that Mr. Sykes was to coordinate administrative
tasks with Mr. Thompson. Mr. Thompson will have an agreement prepared for the Board's legal
review within a few days.
The next Committee meeting was established for February 29th at 10:30 AM at the Board's main
office. Mr. Thompson will provide options for Committee review at that meeting.
The wing
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adjourned about 3:15 PM.
,
Robert Martens,Board Member Date
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