News
THE DEAL SHEET
June 11, 2012
| For TPA Realty Services, Kasier Foundation Health Plan of Georgia is just what the doctor ordered. | ||
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| Kaiser just renewed 72k SF at DeKalb Technology Center for 10 years. This is the health plan operator's back office facility supporting its 270,000-member roster. The firm's HQ is at 9 Piedmont Center in Buckhead. Jones Lang LaSalle's William Propst repped Kaiser while TPA's Peter McGuone repped the landlord of the 283k SF office park off DeKalb Technology Parkway, LaSalle Investment Management. | ||
| LEASES | ||
| Online Resources Corp inked a 5,700 SF deal at Satellite Place. Stream Realty's Simon Arpiarian represented the landlord while McNaughton Enterprises' Cynthia Wilson repped the tenant. | ||
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| Goddard Investment Group renewed 2,400 SF at Lenox Towers with Stream Realty's Kyle Luby repping the landlord. | ||
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| Koling Enterprises leased 6,500 SF at 6455 Atlantic Boulevard. Stream Realty's Matt DiLeo and Nicolai Schwarzkopf repped the landlord. Commercial Realty Advisors' Tad Henderson brokered the deal for the tenant. | ||
| SALES | ||
| Brown Realty Advisors has assisted Tritex in its REO sale of Overlook Club Apartments on Castleberry Road in Cumming to Hallmark Cos for $35k/unit. | ||
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| The Shopping Center Group's Neal Pringle and Mark Cooley brokered the sale of the 7,200 SF retail portion of the Realm condo mixed-use tower off Peachtree and Piedmont roads for $1.8M. The ground-floor retail section is fully leased to Buckhead Pizza Co, Jimmy John's subs and Macon & Co Salon. | ||
| FINANCING | ||
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| CBRE's VP Richard Jordan and EVP Robert LaChapelle helped The Strand Group of Cos get a $22.8M Freddie Mac loan for The Lodge at Sandy Springs, a 484-unit apartment complex in (surprisingly) Sandy Springs. | ||
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| Aries Capital's SVP Jeff Bucaro has arranged $7.7M financing for the Marriott Fairfield Inn & Suites in downtown Atlanta. Formerly the Comfort Inn, owner Philly-based Frontier Development and Hospitality Group plans to renvoate the 156-room property for its conversion. The five-year fixed loan paid off a construciton loan on the year-old property. | ||
| PEOPLE | ||
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| Avison Young has grabbed Steve Morgan as principal of its Atlanta office, coming over as SVP from Newmark Grubb Knight Frank. | ||
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| Cresa Atlanta's co-founder Jim Byrd has been elected to a two-year term as part of Cresa's board of directors. | ||
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| Lee & Associates has tapped veteran industrial and land broker Kyle Kinton as its senior director, coming over from Commercial & Industrial Real Estate. | ||
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| Wood Partners has tapped Tony D'Alto as head of its property management group to help build its property brand and expand its management portfolio, which now has 12 properties nationwide. | ||
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| Cushman & Wakefield has promoted a handful of its brokers: Samir Idris (above) has been promoted to associate director in the capital markets group; James Phillpott has been promoted to director of industrial brokerage; and John Winter III has been promoted to senior director of the office division. | ||
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| Choate Interior Construction Co has hired Bobby Head as a senior preconstruction manager. | ||
| EVENTS | ||
| NAIOP has tapped Georgia Department of Economic Development's Chris Cummiskey to talk about transportation at the June 21 breakfast meeting. The event will start 7:15am at the JW Marriott in Buckhead. |
