News
THE DEAL SHEET
June 26, 2012
| This morning, there was nothing small about this tidbit revealed at our Atlanta Future of Transportation event. The world's biggest airplane is coming to Hartsfield-Jackson. | ||
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| Hartsfield-Jackson's GM Louis Miller told our audience of more than 175 at the W Hotel Midtown that Korean Air is scheduled to start flying the behemoth Airbus A380 daily from Atlanta to Seoul in January. At 262 feet, the A380 seats more than 400. Louis says the airport is having to widen sections of the runway and taxiways, and retrofit a couple of gates to handle the double-decker aircraft. Stay tuned Thursday for complete coverage of our panel. | ||
| LEASES | ||
| Comforce Information Technologies has inked a 4,600 SF deal at One Lakeside Commons in Center Perimeter. Transwestern's SVP Robert Poirier brokered the deal for the tenant. | ||
| SALES | ||
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| Riverwood Properties purchased Piedmont Pointe, a 13,500 SF strip center at 1874 Piedmont Rd near Cheshire Bridge Road for $2.71M. Tenants include Walgreens BioScrip Pharmacy, Papa John's and State Farm. It was sold by Corporate Property Advisors. CBRE's SVP Craig Taylor brokered the transaction. | ||
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| Colony Realty Partners purchased Shiloh 400 and RDC, a five-building, 500k SF distribution campus along Georgia 400 for an undisclosed sum. Seefried Properties has been tapped to lease and manage the properties. | ||
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| Wells Timberland REIT, a division of Wells REIT, sold 4,700 acres of Alabama timberland (as in forest, not the hip hop singer) to BTJ Farms for $8.3M, the company reported in an SEC filing June 20. | ||
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| Assisted Living Concepts purchased 12 assisted living facilities, including five in Georgia, from Ventas Realty for $97M and another $3M to settle litigation with Ventas over its master leases. | ||
| DEVELOPMENTS | ||
| Carmax announced in SEC filings that it plans to open new dealerships in Columbus and Savannah at the beginning of 2014. | ||
| PEOPLE | ||
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| Robert Pavelka has been promoted to superintendent at Hardin Construction Co, cited for his work on 3344 Peachtree and Galleria Manor apartments in Smyrna. | ||
| EVENTS | ||
| Yep. There's an app for that. Join the Young Council of Realtors 2:30 pm. June 27 at the Yardhouse in Atlantic Station to hear Colliers International's Coy Davidson, Scotland Wright & Associates' Patrick Braswell, NAI Brannen Goddard's Chad Koenig, and Xceligent's Todd Bierk chat about apps and CRE. | ||
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| IFMA Atlanta will have Atlanta Regional Commission's Ryan Ellis chat transportation during its monthly luncheon at Maggiano's Little Italy at Cumberland Mall 11:30 am on July 18. | ||
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| Or you can join Ackerman & Co at its HQ at 10 Glenlake Pkwy 8:30 am, July 16 to hear a panel on the TSPLOST that includes PCID's Yvonne Williams and Council for Quality Growth's Michael Paris. Space is limited at this invitation-only event. Contact Fara Wilson for more info. | ||
| ACCOLADES | ||
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| Tower Place 200 just earned LEED Gold for existing buildings, the first tower in Buckhead to do so. Among the improvements: green landscaping, low-mercury lighting, high-efficiency restroom fixtures, and 14% alternative commuting by tenants. These changes help the 260k SF tower reduce energy consumption by 62.5% and water usage by 32.6%, according to PM Realty Group. | ||
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| John Portman & Associates president Grace Tan was honored last week as one of this year's Outstanding 50 Asian Americans in Business at the Asian American Business Development Center at the Cipriani Wall Street in NYC. | ||
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| The Perimeter Community Improvement District earned a $1M grant from the Georgia Transportation Infrastructure Bank to fund preliminary engineering, design, and right-of-way acquisition for roadway, pedestrian, and bicycle improvements from Ashford Dunwoody Road and I-285 to the Hammond Half-Diamond Interchange at Georgia 400. | ||
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| The Boys and Girls Club HQ, a 143k SF facility at 1275 Peachtree St in Midtown, earned an Energy Star rating from the EPA earlier this month. Cassidy Turley is the property manager on the building, which is the former HQ for Carter. |
