The Deal Sheet
LEASES
Newmark Grubb Knight Franks John Poulos (with NGKF's Frank Quattro and John's wife Lyn) helped law firm Taylor, Feil, Harper, Lumsden & Hess renew 8,000 SF at Tower Place 100.
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HQ Global renewed 19k SF at One Northwinds in Alpharetta with CBREs Ryan Hudson repping the tenant and Lincoln Property Co Southeasts Hunter Henritze and Michael Howell brokering for the landlord.
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Pexco inked an expansion to nearly 11k SF at Three Northwinds in Alpharetta with Lincolns Hunter Henritze and Michael Howell handling talks for the landlord.
SALES
Franklin Street Real Estate Services Mac McCall and Bryan Belk helped Frontera Mex-Mex Grill sale-lease back three Atlanta locations, including in Stockbridge, Marietta and two in Norcross to an unnamed investment company. Frontera is using the proceeds to help finance further expansion and pay down debt.
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Loudermilk Bell purchased the Buckhead Village landmark Pearsons Wine and Liquor Store, the 16k SF retail store at 3072 Early St that was foreclosed by BB&T last year. The price was undisclosed.
DEVELOPMENT
Carter has been tapped as development advisor for the Development Authority of Clayton County and the Clayton County Office of Economic Development to move forward with University Station town Center, a proposed $100M project near Clayton State U that will involve up to 150k SF of retail; a 100-bed hotel; 50k SF in offices; 20k SF in seniors living, along with a 60k SF movie soundstage thats already operational.
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Fresh from buying Prominence in Buckhead, Croker Partners has released plans with theGeorgia Department of Community Affairs to develop two apartment towers encompassing more than 700 units in Buckhead. Crocker purchased Prominence, a 443k SF office tower that included a pad site for what was originally slated as another office tower. Crocker states in filings that the tower will deliver in 2017.
MANAGEMENT
Transwesterns Jeff Taylor, Kari Downing, and Caroline Worth has grabbed the leasing and management assignment for Shadowood Office Park, a three-building,200k SF office campus off Powers Ferry Road in the Cumberland/Galleria submarket for new owners The Ardent Cos.
PEOPLE
Kim Gravitt has joined OA Development as a property manager, with responsibility of more than 1M SF of properties in GA, Ohio, and NC.
EVENTS
The Circle of Trust is finally spreading beyond partying and networking with its first ever service project on March 1 when it will help sort food from 1pm to 4pm at the Atlanta Community Food Bank. Contact info@circleoftrustatl.com for more info.
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With huge growth comes new hires. Cortland Partners is holding a career fair 11am Feb. 27 in the Monarch Tower Conference level as part of the National Apartment Association Education Institutes career month. Cortland is looking to fill manager, assistant manager, leasing maintenance, and tech positions.
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Wanna play golf OTP style (much better than Gangnam Style)? Cornerstone Christian Academy in Peachtree Corners has scheduled its annual golf tournament starting 9am, March 25 at the Berkeley Hills Country Club. More info can be found here.
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Georgia CCIM will be hosting Ten Eight's Patrick Braswell and Xceligent's Todd Marovich for a CREtech update 7:30 a.m. Feb 28 at the South Terraces Conference Center in Dunwoody (that's The Terraces).
