July 19, 2024

A commercial real estate firm that’s been growing its Triangle presence has added veteran talent to its Raleigh team.
Foundry Commercial has brought on broker Sarah Godwin, previously with JLL Raleigh, as senior vice president of land services. Godwin, who started her new role Aug. 1, comes to Foundry with more than 15 years of experience in the industry.
Godwin was senior director at JLL for three years, working in land sales and development advisory. She said she had a lot of training and opportunities at JLL that made her successful and prepared her to make the next move in her career.
“I felt like with what I had done … it was a good step to move into something more entrepreneurial, a little bit more control over your own destiny kind of job,” Godwin said.
She has spent 10 years in land sales and development advisory. Godwin says it’s what she does best with her attention to detail and her ability to see early on what won’t work at a site and solve it. She credits Bill Simerville, managing director and principal at Foundry in the Charlotte office, with giving her a chance as he asked her to be a land analyst in 2009 when she knew nothing about it. Previously, she had been in capital markets in Florida. She has been in the Carolinas for 13 years with eight of them in Raleigh.  
Making the move to Foundry, which is based in Orlando, Florida, was made easier by the fact that Godwin had worked with most of the Raleigh team in the past in various roles. One of those people is Karl Hudson IV, partner and land services team lead in Raleigh. Godwin and Hudson worked together at Cushman & Wakefield | Thalhimer. There is 22 years of combined land sales and development advisory experience between Godwin and Hudson. Both said they’re excited to work together again including partnering on pitches and being able to work with high-level clients.
Godwin has been involved in the sale, valuation and analysis of more than $5 billion in institutional investment advisory transactions throughout the Carolinas – $840 million of that has been just in land transactions since 2017.
Foundry Commercial has 42 employees in the Raleigh office and recently acquired the Spring Arbor Senior Living portfolio that includes 24 senior living communities. The Raleigh office is active in tenant and landlord representation in office, industrial and retail, property and project management, land advisory services and site selection, incentives and economic development.
Earlier this year, Foundry brought on real estate veteran Zac Vuncannon, who had been leading The Fallon Company’s efforts in the Triangle including the Raleigh Crossing project downtown.
Last year, former Highwoods Properties (NYSE: HIW) executive Rick Dehnert joined Foundry as the market leader in Raleigh.
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