Rubicon Business Center at Bailes Ridge in Fort Mill, SC
Phase 2 is now complete and almost fully leased. The full development includes:
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3 miles to Charlotte, NC city limits
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10 acres of land
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40 suites
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101,806 total Sq. Ft.
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Suites range from 2,200 to 4,400 or more
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Shared truck court
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LED lighting
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Cable and fiber optics available
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Skylights in warehouse area
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Large capacity HVAC units provide for future expansion of office areas.
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Ionized HVAC units reduce airborne viruses (including COVID), bacteria, pollen, and purifying the area.
For leasing information, contact George Linville of Linville Real Estate Services.
(704) 904-1683 glinville@iresllc.com https://rubiconinbailesridge.com
Unique Investment Opportunity in Charleston, SC
Invest with Backman Brothers in this well-established, 3-building property at 162 Spring Street, just south of the crosstown in this exciting entertainment district of Charleston, SC.
This property contains 3 unique buildings, all well-furnished and with 7 off-street parking spaces.
The front building is historic and built sometime in the mid-to-later 1800's. This building has 2 two-bedroom two-bathroom apartments and each of these were renovated within the past few years and are in good shape. The commercial space of this building has been leased to the well-established Bon Bahn Mi, a successful Vietnamese sandwich eatery.
There are two other houses located on the property that were built in 2018 and are always on short-term leases. Each house has four bedrooms and three bathrooms. They are luxuriously appointed with both having a gourmet kitchen, dining area, living room, plenty of closet space, and good size bathrooms.
Backman Brothers has a top, short-term rental management company in Charleston to oversee the property, and also uses AirBnB with a strong track record to ensure bookings and great ongoing revenues. The high quality of this property, with the well-appointed living quarters and its strong location, should assure a strong return over time.
Charleston has many festivals and events going on throughout the year attracting many visitors who love short-term rentals.
Call Backman Brothers
for more information.
NEWS
OUR HISTORY
Backman Brothers traces its roots to the resilient spirit of Samuel P. and Rosa Backman, who arrived in Massachusetts as child immigrants in 1910 and laid the foundation for a legacy in real estate during the Great Depression. Samuel began as a painter and contractor, meticulously restoring foreclosed properties for banks. Over time, they expanded into developing small office townhouses, a high-rise apartment building, and numerous other projects. Rosa, a trailblazing female attorney—one of the early pioneers in Massachusetts law—attended law school and together, they built and operated the Samuel P. Backman Company, based in Lynn, Massachusetts, working tirelessly to grow the business. Following Samuel’s passing in 1966, Rosa continued on and managed the firm on her own until her death in 1982. The couple’s portfolio encompassed a diverse array of developments and renovations in commercial centers, strip shopping venues, and residential properties with holdings in Lynn, Beverly, Salem and other cities near Boston. In addition to being apartment , retail and commercial landlords, they established an auction company, insurance brokerage and property management firm. Rosa established a law practice. Samuel was an active realtor, deeply engaged in charitable and business organizations such as the Chamber of Commerce, YMCA and local temple. Rosa devoted her limited spare time to empowering other women, guiding them as they launched businesses or advanced in their careers.
A Family Tradition Ignited: The story truly comes alive in the 3rd generation, particularly Garett Backman, who Samuel and Rosa introduced to real estate when he was a young boy of 7 in the early 1960s. He spent may weekends with his grandparents. They immersed him in the rhythm of the trade. On countless Saturdays, he accompanied them to the downtown office, where he sat at a desk, collecting rents from tenants who arrived with cash or checks. With careful precision, Garrett counted the payments, updated each tenant’s rent card, and issued receipts—lessons in accountability that would shape his future. These visits included excursions: inspecting the family’s apartment buildings and other owned properties, then culminating at the bakery for fresh rye bread, warm brownies, and apple strudel. These formative experiences instilled in Garrett a profound appreciation for the tangible impact of real estate stewardship. In 1975, Garrett graduated from Dartmouth College, followed by a law degree from Boston University in 1977.
He relocated to Atlanta, Georgia, where he practiced law while cultivating his passion for investment. There, he acquired and renovated apartment buildings, warehouses, retail centers and office buildings, complexes, breathing new life into underutilized assets. He also purchased a number of abandoned homes in communities now transformed and renowned as Virginia Highlands, Midtown, and Morningside.
BACKMAN BROTHERS
In 1982, following Rosa’s passing, Garett returned to Massachusetts and joined his brother, Bruce, in operating the real estate business their grandparents had so diligently built. This partnership marked a pivotal chapter, blending family heritage with innovative vision. Charlie Backman, Garett's other brother, later brought a complementary expertise forged at the University of Massachusetts. His keen interest in software and computing, as a pioneer in electronic spreadsheets involved leveraging Lotus to streamline calculations for New England Life. Charles advanced to Bain & Company in Boston, where he honed skills in acquisition, renovation, and sales to purchase, rent, renovate, and sell condominium units on Beacon Street. By 1988 the Massachusetts properties were sold, prompting Garett and Charlie to relocate the operation to the dynamic metro Atlanta, Georgia area. Initially focused on larger single-tenant warehouses, their portfolio evolved strategically. In 1994 they acquired a site in Alpharetta, Georgia to develop Backman Brothers inaugural premium 50,000-square-foot small-bay multi-tenant office warehouse, followed in 1996 by a multi-story office building. Over the years, Backman Brothers expanded and developed additional office buildings, office warehouses, and shopping centers throughout Georgia, North and South Carolina, and Tennessee. Today, Backman Brothers stands as a testament to enduring family values, meticulous craftsmanship, and forward-thinking development. Our commitment to excellence—rooted in generations of quality buildings and innovation—continues to shape communities and deliver exceptional value to investors and tenants alike.
PROPERTIES
Established in 1928, Backman Brothers has purchased, invested in, managed, and developed over 60 real estate projects containing over 3.4 million square feet in 6 states and the U.S. Virgin Islands.
Project Locations
Georgia – 35 properties
Massachusettes – 15 properties
South Carolina – 4 properties
North Carolina – 3 properties
U.S. Virgin Islands – 1 property
Tennessee – 1 property
Florida – 6 properties
Project Types
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Apartment building renovation & rental
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Apartment Building purchase, renovation & rental
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Single tenant Warehouse purchase & rental
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Multi-tenant Warehouse Purchase, renovation & rental
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Land Purchase, Multi-tenant Office/warehouse construction, rental
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Multi-tenant Office Building Purchase, Renovation & Rental
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Land Purchase, Multi-tenant Office Building construction, rental
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Condo Purchase & Rental
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Condo unit purchase, renovation & rental above Four Seasons Hotel
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Land Purchase, Townhome Development & Resale
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Retail Strip Shopping Center Purchase, Redevelopment & Rental
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Condominium Conversion
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Single-Family Home Purchase & Renovation
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Single Family Home Lot Purchase, new home construction & sale
Garett and Charlie have welcomed outside investors to invest with them in their projects over the years. They have provided strong returns to these investors. In general, these investment projects are structured to provide a cumulative fixed percentage preferred return to the investors based on their equity, and then a profit split between the Backmans and the investors. In most instances, the Backmans also put in equity and stand in the same shoes as the outside investors concerning their equity. Garett often has to personally guarantee the debt placed on the project. The deals are structured in a way that the investors are paid their preferred return before the Backmans share with them any split of additional profits. The Backmans are paid a small initial amount for putting the deal together, but the real profit for the Backmans comes if the project is successful, the investors are paid their preferred return, and then the Backmans are paid a part of the remaining profits. In essence, the deals are “back-ended” to make sure that before the Backmans profit, the investors are repaid their equity and their preferred return.
In the two most recent projects:
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A 168,000 sf warehouse single tenant building in Charlotte that was subdivided into three bays produced a 33% return to the investors in a period of a little over one year;
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A 50,000 sf small bay multi-tenant office warehouse located 6 miles south of Charlotte, North Carolina (near Ft. Mill, South Carolina) produced a 64% return to the investors over 5.4 years.
The past is not a guarantee of future returns. We all understand this; but typically our goal is to provide for any project we are developing from the ground up a return to the investors of: 1) a minimum 15% return per annum, after sale of or refinancing of the project, and 2) an annual cash on cash payment, starting with 6% per year and increasing each year over time to 10% or 11% per year, while we are building, leasing up and operating the project.
INVESTORS
CONTACT US
Lighting Your Way to a Profitable Return
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