Monthly archive for January 2017

Dave’s Bernina Moves to New Location in Provo

Dave’s Bernina Moves to New Location in Provo

Provo, Utah (January 18, 2017) — This week Dave’s Bernina announced plans to move their operations to a new location in Provo. Ryan Myers of CBC Advisors represented Dave’s Bernina in both the sale of their old location and the purchase of their new one.

“To put these deals together took a lot of persistence and hard work from all that were involved, but it was worth every bit of effort,” said Myers. “I’m excited for Dave’s Bernina and the opportunity and potential their new location will bring for them and their business.”

Dave’s Bernina, a family-owned retailer of Bernina sewing machines and equipment, opened on Provo Center Street in 1960 and is currently operated by the sons of founder Dave Borget, Richard and Rod. The family enjoyed their downtown storefront, but the business was getting too big to operate at their current location.

“We’ve loved being downtown, but we need to grow,” said Richard Borget. “At our new store we’ll have bigger classrooms and more space for events. It will be better for everyone.”

Dave’s Bernina has earned the title of Top Bernina Distributor every year for decades. Their new location, just off of University Parkway at 2017 N 550 W, will take them from 3,920 square feet of space to just over 5,000 and offer additional parking and an overall better layout.

“We ended up negotiating on this deal four or five times with multiple different property owners,” said Myers. “The original seller went with another buyer, who we later ended up coming to terms with. Luckily, everything fell into place in the end and everyone stuck in there to make this deal possible, including an outstanding job by the lender, Troy Stringham from First Capital Commercial.”

As a full-service commercial real estate brokerage, CBC Advisors represents world-class office, retail, investment, industrial and multifamily projects while providing institutional-grade asset services nationwide. More than 500 CBC Advisors professionals advise clients from 30 offices coast to coast.

Global Payments Expands Operations in New Lindon Office

Global Payments Expands Operations in New Lindon Office

Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, has expanded operations in Utah with the grand opening of a new office in Lindon. The approximately 50,000-square-foot-office provides a new headquarters for OpenEdge, the integrated payments division of Global Payments.

Headquartered in Atlanta, Georgia with more than 8,500 employees worldwide, Global Payments is a member of the S&P 500 with merchants and partners in 30 countries throughout North America, Europe, the Asia-Pacific region and Brazil.

Brandon Fugal, Chairman of CBC Advisors, and Ben Richardson, Vice President-Industrial and Development at CBC Advisors, advised the commercial real estate process for the transaction.

“Global Payments ranks among the highest caliber companies in the world,” said Fugal. “This transaction positions Global Payments with a strategic advantage to grow and expand operations in Utah. The state will benefit from tremendous economic growth as a result.”

Global Payments showcased OpenEdge’s new office at 2578 West 600 North during a ribbon cutting and open house. Present at the ribbon cutting were Utah Lt. Governor Spencer Cox, State Senator Margaret Dayton, Mayor Jeff Acerson of Lindon, GOED Executive Director Val Hale, Global Payments CEO Jeffery Sloan, Global Payments COO and President David Mangum, OpenEdge President Sid Singh, Chairman of CBC Advisors, Brandon Fugal and CEO of CBC Advisors, Lew Cramer.