News
THE DEAL SHEET
November 6, 2012
| The band has broken up. | ||
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| Jackson Oats Shaw as we knew it is no more. Veteran CRE players Kevin Oats, former CFO John Ward and Jeff Shaw have split from Scott Jackson and formed Fairlead Commercial Real Estate (although they still have ownership interest in some of JOS' portfolio). Officials with the new firm would only say they established a different business philosophy and decided to go their separate ways. The new firm already has a kitty of funds to buy core-plus and value-add office and industrial properties in Atlanta between $5M and $100M. They're even looking at Florida and Texas. Fairlead is in talks to purchase a handful of properties, but officials declined to ID them. Scott, with the newly renamed Jackson Corporate Real Estate, could not be reached for comment. | ||
| LEASES | ||
| Fulton Communications inked a 15K SF deal at Holcomb Woods Business Park near Old Alabama Road and Georgia 400. Studley?s Mark Kercher repped the company while PM Realty's David Tyler and Chip Roach brokered for the landlord, CommonWealth REIT. | ||
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| Big Peach Running Co has inked a 4,500 SF deal at 800 Peachtree St. Runners in Atlanta, of course, will be familiar with this store. City Realty Advisors? Tim Holdroyd brokered the transaction. | ||
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| Unbound Solutions leased 16k SF for its HQ at 2002 Perimeter Summit, moving its HQ from 1180 West Peachtree St in Midtown. Transwestern's Greg Baxendale and Jeremy Adams brokered the deal for Unbound, while CBRE's Bill Kilborn repped the landlord. | ||
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| Xanasure leased 35k SF at 1077 Fred Dr in Morrow. Commercial Property Professionals' Daniel Levison and Office Warehouse Group's CJ Young brokered. Daniel also helped FRSTeam Inc secure 30k SF at 2401 Mellon Court in Decatur in a direct deal. | ||
| SALES | ||
| Atlanta Property Group continues its Atlanta buying spree, snagging Paces Cumberland, a 70k SF office building at 2675 Paces Ferry Rd in the Cumberland/Galleria submarket for a little more than $4M. APG plans to invest $750k in renovations and upgrades to the property. Colliers International's Huston Green, Dennis Mitchell, and Hayes Swann brokered the sale. | ||
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| Broadland Property Group purchased 4470 Chamblee Dunwoody Rd, a 61,500 SF office building that was 85% leased at the time of the buy. Commercial Property Professionals Daniel Levison brokered the sale and will lease and market the property. | ||
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| Fusion Creative purchased its own 64k SF HQ building at 745 Creekside Industrial Court in Lawrenceville?s Gwinnett Progress Center Business Park. The purchase price was undisclosed, but the bank listed the property for $2.5M. Bullock Mannelly Partners'Patrick Laughlin and JLL?s Ray Dankberg brokered the sale. | ||
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| Brixmor Property Group has sold Midway Village in Douglasville and Village at Southlake in Morrow to two separate investors. Price was undisclosed. Midway Village is 74,700 SF and Village at Southlake is 53,300 SF. Cassidy Turley's Drew Fleming and Mark Joines brokered the sale. | ||
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| Counsel RB Caqital purchased 787 Gerrard Rd, a 751k SF industrial building in Lavonia, for $7M. NAI Brannen Goddard's David Beak brokered the deal. | ||
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| Southern Belle Farm just purchased 131 acres in McDonough from Colony Capital to expand its corn maze, petting zoo, and farm for $450k. Commercial Property Professionals' Jason Whitworth and Keith Guthrie brokered the deal. | ||
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| Newmark Grubb Knight Frank has been tapped by the City of Morrow to lease and sell several city-owned buildings and land parcels to private investors. NGKF?s Rod Mullice is leading the firm on the project. Among the properties being listed include The Executive Center at 1115 Mt Zion Rd; two retail strip centers at 5940 Jonesboro Rd and 6223 North Main St; and the former Macy?s retail store at Southlake Mall. | ||
| DEVELOPMENT | ||
| Seefried Industrial Properties, in a JV with Clarion Partners, is developing a 285,600 SF distribution facility for PPG Industries in the SouthPark Distribution Center near Hartsfield-Jackson Airport. JLL's Trevor Ragsdale, Paul Roeser and Alan Clayton brokered the deal. | ||
| PEOPLE | ||
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| CRE vet Jim Davenport has joined Winter Construction as a business development manager after stints with such outfits as Newmark Grubb Knight Frank and Richard Bowers & Co. | ||
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| Ed Verret has joined Cassidy Turley's Atlanta office as senior managing director, helping lead the transaction and project management for the SunTrust Banks account. Ed previously was with American Express Co. | ||
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| Donna West has been named senior project director for Cushman & Wakefield in Atlanta, jumping over from Carter. | ||
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| Matt Relick returns to Choate Construction Co from Juneau Construction as a senior pre-construction manager. | ||
| EVENTS | ||
| ICSC will be asking ?What Shapes Our Retail?? Nov. 15 6:30pm at the Emory University Goizueta Buisness School (room GFC 525) with such panelists as Cousins Properties' Mike Cohn, North American Properties' Mark Toro, Hartman Simons & Wood?s Ryan Rivera and Jamestown Properties' Kristen Morris. | ||
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| It's that time again! Central Atlanta Progress is hosting its signature 10th Annual Downtown Development Day tomorrow starting at 7:15am at the AmericasMart. | ||
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| The Admiral Fund's Principal David Robinson will be in town this Thursday for an invitation-only luncheon at 200 Ashford Center North, the firm's newest Atlanta CRE pruchase. Email here for more info. | ||
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| Carter will be looking to a "bold new future" at 7am this Thursday along with Atlanta Mayor Kasim Reed (above with Carter's Scott Taylor) at the Atlanta History Center's Grand Overlook Ballroom for an invitation-only breakfast program. Email here for more info. |
