News
IF CHIPPER JONES LEASED OFFICES
October 9, 2012
| If Atlanta's office market were a baseball game, it?d be pretty tame, according to Cousins Properties' Thad Ellis. | ||
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| ?I will still describe [the office market] using baseball vernacular: A lot of singles and doubles. We haven?t landed anything bigger than that,? Thad says. ?We're going to have a solid year, but not a great year.? Thad will share more of his baseball analogies this Thursday atBisnow's Atlanta State of the Office at the Ritz-Carlton in Buckhead (last chance tickets here). Thad says there is office activity, and brokers are staying busy, but not overwhelmed: ?We're not adding enough net new jobs…to expect robust office activity right now.? Is it wrong to hope the Cardinals' 25-man roster is job-hunting in a week? | ||
| LEASES | ||
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| Florida gourmet burger joint Burgerfi is slated to open its newest location at Cousins Properties' Emory Point project. It's part of the latest lineup of announced retailers, including Bonefish Grill, Paradise Biryani Pointe, LOFT women's clothier, and Francesca?s Collections. | ||
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| Matson Logistics has leased an additional 237,600 SF at Interstate Centre Buildling 100, a 605k SF warehouse near the Port of Savannah co-developed by TPA Realty Services and the Development Authority of Bryan County. This deal expands upon its 135k SF lease. Resource Real Estate Partners' Nathan Pramik and Mark Hawks represented the owner while JLL?s Bob Robers represented Matson. | ||
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| Maxwell Chase Technologies renewed nearly 50k SF at 125 Westlake Pkwy in the Fulton Industrial submarket. Stream Realty Partners' Matt DiLeo and Nicolai Schwarzkopf brokered the deal for the landlord, DRA Advisors. ICON Commercial's David Payne represented the tenant. | ||
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| Cru? Food & Wine Bar, Yeah! Burger, Yard House, Marlow?s Tavern, and Ted?s Montana Grill are part of the gastronomical lineup for North American Properties' Avalon project announced last week. Famed restauranteur Ford Fry— with JCT Kitchen and The Optimist under his belt—plans to bring a new concept as well to Avalon.Other retailers set for the project include fab?rik, Banana Republic, Orvis, and Anthropologie. | ||
| SALES | ||
| Bull Realty's Bob Wilkerson represented a consortium of investors from Canada and Florida in buying Clifton Ridge Town Homes, a 152-unit apartment complex in Marietta for $6.6M. Cushman & Wakefield's Nathan Swenson represented Cortland Partners. | ||
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| Regent Partners completed its purchase of Concourse Corporate Center in a JV with GEM Real Capital and Equity Group Investments. The 2.2M SF property was acquired for more than $300M. | ||
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| HFF?s Jim Hamilton and Richard Reid helped sell Richmond Plaza, a 178k SF Kroger-anchored shopping center at 3435 Wrightsboro Rd in Augusta for $19.5M for BPG Properties to Phillips Edison-ARC Shopping Center REIT. | ||
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| Carey Watermark Investors, The Arden Group, and Marcus Hotels & Resorts purchased the 372-room Westin Atlanta Perimeter North for $57M. The JV will next invest $14M in guestroom renovations. DiamondRock Hospitality Co sold the property, which is located in the Concourse Corporate Center property just acquired by Regent Partners. Marcus Hotels will manage the hotel. | ||
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| A three-building MOB portfolio was just picked up by a California healthcare REIT for $13.8M. The portfolio is adjacent to the Piedmont Mountainside Hospital and contains more than 57k SF. CBRE's Lee Asher and Chris Bodnar brokered the deal for the sellers. | ||
| MANAGEMENT | ||
| Lee & Associates? industrial A-Team Craig Viergever, Tommy Hiles, Rick Tumlin, Michael Sutter, Tyler Flemming, and Billy Snowden have been tapped by Prologis to handle the leasing for various of its properties in Atlanta, including 2500 Weaver Way, 3645 Oakcliff Rd and 6344 Best Friend Rd. | ||
| EVENTS | ||
| What's that chill going down your spine? Could be someone accidentally spilled his beer on your shirt. Atlanta Beer Festival is set to host its Boos and Brews at SweetWater Brewery on Oct. 26 starting a 9pm. Live music, a costume contest and a pint glass all for $38. | ||
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| WSJ?s senior economist Steven Moore will be the keynote at this year's ICSC Southeast Conference luncheon tomorrow afternoon at the Cobb Galleria Centre. The ICSC conference kicks off tonight with a Georgia PAC-Pre Conference Bash at Cinco?s Mexican Cantina on Akers Mill Road. The conference goes through Thursday. | ||
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| InvestAtlanta's Bill Cronin is on tap for International Facility Management Association?s Atlanta conference on ?Change > Opportunity? Feb. 22, 2013 at the Loudermilk Center. | ||
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| NAIOP Atlanta is hosting its Night of Lights Saturday, Oct. 20 at 7pm at Phipps Tower, a benefit supporting YES! Atlanta. Tickets are here. | ||
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| NAIOPalooza 2012 is set for Nov. 1 at the Atlanta Food Truck Park at 1850 Howell Mill Rd, its first annual outdoor event to benefit local charities, complete with a Bocce Ball competition. | ||
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| The Association of Young Real Estate Professionals will be featuring White Provision during its shindig this Thursday at 6pm. Apps and drinks are included with Knoll giving away its Generation office chair to one lucky winner. |
