News
THE DEAL SHEET
November 20, 2012
| Don't be alarmed. It's just a flex operation deal for a growing security company in East Point. | ||
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| ADT Security Services secured a 58k SF lease in East Point for a new location. The company inked the deal at the 213k SF 4800 North Commerce Dr in the Camp Creek Business Center and will move in by the beginning of next year. CBRE's Brett White brokered for ADT and Duke Realty's Wes Hardy backed the landlord. The location will include 6,700 SF of offices. | ||
| LEASES | ||
| The Goddard School inked 8k SF at 1080 Spring St in Atlanta (at the corner of 12th and Spring streets) for a new school. Ackerman & Co's Shea Meddin and Ted Schwartz represented the school while Selig Enterprises' Jim Saine brokered for the landlord. | ||
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| Acella Pharmacuticals leased 9k SF at Royal Centre One in Alpharetta. Newburger Andes' Steve Farrar (left, with David Andes) represented the company while Jones Lang LaSalle's Brooke Dewey and Jeff Frantz repped the landlord. | ||
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| RG Real Estate's Aaron Karasik helped Bizchair.com (owned by Belnick Inc) lease 300k SF at the West Coast Distribution Center on Echo Ave in Reno. No word if he celebrated his deal in Reno as well. | ||
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| Superior Research inked 7,500 SF at 3405 Piedmont in Buckhead. Lincoln Property Co's Leigh Braswell and Sabrina Altenbach repped the landlord while CBRE's John Thornton and Charles Beard worked with the tenant. | ||
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| Private Label Pharmaceutical leased 40k SF at 1900 Beaver Ridge Circle in Beaver Ruin Business Center in Norcross, with Colliers International's Darren Ross representing the company. John Crane Inc also inked 24,500 SF at 1850 Beaver Ridge Circle with Jones Lang LaSalle's Ray Dankberg representing. Both deals were brokered by Colliers' Doug Tyler for the landlord, St. Paul Fire & Marine Insurance Co. | ||
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| Grady Health System leased nearly 15k SF for 10 years in the famous Downtown Atlanta Hurt Building. Grady will move its billing department there by January from 100 Edgewood Ave. Boxer Property's Jeremy Coppels brokered the deal. | ||
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| Unzun & Case and CSC Partners were among the firms to lease some 46k SF of office space at Promenade in Buckhead in recent weeks. Uzun & Case inked a 15,800 SF deal (with Cushman & Wakefield's Ian Henderson and Ken Ashley representing) while CSC inked 11k SF (with Jones Lang LaSalle's Keen Reese and Katie Madson brokering). | ||
| DEVELOPMENT | ||
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| TPA Realty Services' VP Paul Michael, Bartow-Cartersville Joint Development Authority members Sonny Miller, Tommy Strickland, James Jarret, Ronnie Evans, Steve Taylor and TPA's John Watson were on hand to shovel dirt on a new $65M production facility for voestalpine at Highland 75. The plant will produce automotive components for such makers as Daimler AG and Volkswagen, creating 220 jobs. | ||
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| Kaufman Realty Group in a JV with Atlantic Realty Partners will redevelop Georgia Hills Apartments, a '60s-era 250-unit complex, that will be razed to make way for The Reserve at Collier Hills, a 288-unit mid-rise luxury apartment community off Collier Road. | ||
| INVESTMENTS | ||
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| LA-based Carlaris Capital and ARKA Properties Group have teamed up to purchase 4099 Old Dixie Hwy (aka 4100 Henry Ford II) for $8M from the LaSalle Income & Growth Fund IV, according to the Georgia Secretary of State. This marks Carlaris? first Atlanta acquisition. NAI Brannen Goddard's Jack Haden and Brad Pope brokered the deal. | ||
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| Boxer Property purchased 3675 Crestwood Pkwy, a 100k SF office building in Duluth from CW Capital for an undisclosed sum. Cushman & Wakefield's Samir Idris brokered. | ||
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| Broadland Prooperty Group purchased Georgetown Offices and Lofts, a 61k SF complex in Central Perimeter from LS Capital for an undisclosed sum. Commercial Property Professionals' Daniel Levison brokered the sale and will lease it. | ||
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| Chicago-based Westdale Investment Partners purchased Waterstone Apartments, a nearly 300-unit apartment complex in Buford for an undisclosed sum from local investors. Colliers International's SVP Ron Cameron brokered the sale. | ||
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| INVESCO Real Estate purchased The GoodWynn at Town Brookhaven, a 372-unit Class-A apartment complex at the Town Brookhaven mixed-use development for an undisclosed sum from Lincoln Property Co. CBRE's Paul Berry, Kevin Geiger and Malcolm McComb brokered the deal. | ||
| MANAGEMENT | ||
| Transwestern has been tapped to lease and manage Barrett Office Center I & II, an 89k SF office park in Kennesaw owned by Shamrock Investments. Transwestern's Greg Frankum, Matt Spickard and Emily Dickerson will handle the property. | ||
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| NAI Brannen Goddard's Nathan Anderson and Darren Butler have been tapped by Hillwood Investment Properties to lease Jackson 85, a 1M SF distribution facility recently acquired by Hillwood in a JV with Brookfield Industrial Partners. The property off Raco Parkway near Commerce is 52% leased. | ||
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| TPA Realty Services' Heather Lamb picked up the leasing and management of Peachtree Corporate Center, a six-building, 191k SF office park off Peachtree Industiral Blvd in Peachtree Corners. The property is owned by NTS Realty Holdings. | ||
| PEOPLE | ||
| Boxer Property has hired Trent Turner as the regional assistant in Atlanta; he moves here from Houston early next year. |
