News
THE DEAL SHEET
September 17, 2012
| The appetite for medical real estate is still holding up. At least that's the results of Ackerman & Co's Andrew Murphy as of late. | ||
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| Andrew and his partner Spencer Coan have sold some $80M in MOB sales in recent weeks, including a 202k SF MOB in Michigan that fetched $52M (by Healthcare Trust of America), the sale of Camp Creek Medical Plaza III for $9M purchased by Heathcare Trust of America, and Alpharetta Medical Center, 30k SF MOB off Upper Hembry Rd, which was purchased by Senior Housing Property Trust for $8.65M. "Cap rates continue to compress, or stabilizing at a level that historically we haven't seen since the last cycle," Andrew says. This past year, MOBs have attracted institutional buyers and REITs who are able to pay all cash, but Andrew says he expects more leveraged buyers in the market next year. Andrew?s current listings are taking him outside the state as well. The team has listed a 72k SF MOB in Hattiesburg, Miss. that is more than half leased by Forrest General Hospital for $15.5M and another MOB in Charlotte leased by Novant Health (Novant Medical Center), which is listed for $7.5M. | ||
| LEASES | ||
| Morrison Hershfield Corp inked a 19k SF lease at 1455 Lincoln Pkwy in Central Perimeter. Colliers International's Jeff Kelley brokered for the tenant. Jackson Oats Shaw?s Ryan Hoyt, Chip Adair, and Jim Caswell brokered for the landlord. | ||
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| The US Census Bureau will be counting our population from 25k SF at Centennial Tower in Downtown Atlanta. JOS? Ryan, Chip and Jim brokered for the landlord. The JOS team also inked a 26k SF deal with Esquire Solutions at Centennial Tower as well. | ||
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| YKK America zipped up a 12k SF lease at Terraces II off I-20 West. NAI Brannen Goddard's Day Lancaster brokered for the tenant, and JOS? Ryan, Chip and Jim for the landlord. Gtech also inked 30k SF lease at the building in a direct deal. | ||
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| Zoe?s Kitchen, the Mediterranean-inspired casual eatery, has just inked another deal for Emory Village with The Shopping Center Group representing. | ||
| SALES | ||
| Noble Properties purchased the Best Friends Pet Care Center in Pineville, NC, a 17k SF pet care facility, for $2.7M from Carolina BF Pet Care. CBRE's Steve Shields brokered the sale. | ||
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| PointOne Holdings, in a JV with Biscayne Atlantic, has purchased Cobblestone Flats, a 240-unit apartment complex in Ellenwood for an undisclosed sum. The new owners will rebrand the property as The Oaks at Ellenwood. | ||
| MANAGEMENT | ||
| Selig Enterprises has opened its new leasing office for 77 12th, the under-construction 23-story, 330-unit apartment tower at the 12th & Midtown development. | ||
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| Take one part Cushman & Wakefield's Andy Sumlin and two parts Lincoln Property Co (namely, Leigh Braswell and Sabrina Altenbach) and what do you get? How about the new leasing and marketing lineup for 55 Allen Plaza. A year after Lincoln purchased the 350k SF Downtown Atlanta building (on behalf of the Illinois teacher retirement system), the firm has named Andy a co-broker along with Leigh and Sabrina at 55 Allen Plaza. Cushman & Wakefield, of course, also office at the building. | ||
| PEOPLE | ||
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| Hospitality capital markets vet Angelo Stambules has joined Hunter Realty at its DC office as SVP to source hotel debt and equity for the company. Angelo jumps over from Marriott International. | ||
| EVENTS | ||
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| ULI Atlanta's 18th Annual Awards for Excellence Dinner is this Thursday at 6pm at the Atlanta History Center where Weeks Robinson Properties' Ray Weeks is receiving the Frank Carter Community Achievement Award. | ||
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| The 2012 Commercial Real Estate Global Diversity Summit is scheduled for Oct. 10—11 at the Westin Buckhead, where Atlanta Mayor Kasim Reed has been tapped for a keynote address on ?reinventing cities.? | ||
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| Think the Atlanta multifamily industry. Think The Worthing Cos' president Darin Collier, or Perennial Properties' principal Aaron Goldman, or Cortland Partners' president Marvin Banks. Think this Wednesday morning. Think Cobb Energy Performing Arts Centre. Now click this link. You know you want to. | ||
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| NAIOP Atlanta will be hosting its September breakfast panel with Metro Chamber of Commerce's Sam Williams at the Ritz-Carlton in Buckhead 7:15am this Wednesday. | ||
| ACCOLADES | ||
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| Some 30 Jackson Oats Shaw employees manned the stoves and griddles a couple of weeks ago for its Feeding the Homeless project, which aims to provide meals to the Atlanta homeless every weekend at a facility at Pryor and Mitchell streets. The organization was founded by Colliers International's Hugh Pafford a few years ago. |
