The Deal Sheet
LEASES
The Suzuki School inked a deal to lease 20k SF at Ponce City Market, the first official company to lease office space at the redevelopment of the former City Hall East building in Midtown.
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WellStar Health System inked a deal to lease more than 10k SF of data center space with QTS for its facilities in Atlanta and Suwanee.
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F&H Food Trading Group restaurateurs Hicham Azhari and Fikret Kovac are planning to open their third restaurant, called Opulent, at 948 Canton St, Downtown Roswell in early April.
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Premiere Global Services revealed in its current annual report that its 65k SF lease at Terminus Building in Buckhead will expire in August of 2018.
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NewGround Resources inked an 8,000 SF lease at 3405 Piedmont Rd in Buckhead. James N Richie & Associates James Richie and Ed Bosbyshell & Associates head Ed Bosbyshell reppedthe tenant while Lincoln Property Cos Leigh Braswell and Sabrina Altenbach brokered for the landlord.
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Yukon Properties signed a 3k SF lease at 3405 Piedmont Rd in Buckhead, with Newmark Grubb Knight Franks John Cobb and Chris Witcher brokering for the tenant and Lincolns Leigh Braswell and Sabrina Altenbach for the landlord.
SALES
Preferred Apartment Communities revealed in SEC documents that it paid $39.4M for Ashford Park, a 408-unit apartment community in Central Perimeter in January.
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CBREs Will Yowell and Justin Parsonnet were among the brokers to help TIAA-CREF sell LakePointe Office Park--a seven-building, 675k SF office park in Charlotte--for $75M to Archon Group.
MANAGEMENT
As we previously reported, Cocke Finkelstein announced its acquisition of Lane Management to create one of the largest apartment property management firms, called CFLane. The company will be headed by Co-CEOs Byron Cocke and Brett Finkelstein and CFO Bill Barkwell; current Cocke Finkelstein Management President Dan Haefner will lead CFLane itself.
FINANCING
Invest Atlanta is expected to vote today on refinancing $170M in bonds for Georgia State University Foundations student housing facilities at 25 Park Pl. The bonds are expected to close in April. The new series of bonds will be used to refimore than $140M in current bonds, and Invest Atlanta officials state it will save $8.8M on net present value.
PEOPLE
David Cypher has been tapped by the Carroll Organization as COO, jumping over from two Morgan Stanley funds. The news comes on the heels that Carroll Organization got a capital infusion from Hanna Capital for a national expansion.
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Atlanta Property Group tapped Austin Chase as director of leasing, jumping over from Lavista Associates.
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Spencer Phillips has been tapped by engineering firm Atlanta-based Syska Hennessy Group to expand its regional practice.
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Skanska USA hired Matt Steinmetz as VP for the healthcare operations. He joins Skanska from KBR Building Group, where he was a project director.
EVENTS
New South Family Supper, a benefit of the Southern Foodways Alliance, will be held April 14 at Ponce City Market. For $350, participants will taste dishes from a variety of Southern chefs. More info can be found here.
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Author and business strategist Farnaz Wallace has been tapped as the keynote speaker for April 24th's Power. Purpose. Passion. Possible Women Conference 2013 at the Atlanta Marriott Marquis.
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DeNyse Cos will be celebrating its 30th anniversary on March 28 at 4pm in its offices at4521 Industrial Access Rd in
Douglasville. It'll be giving away an original Steve Penley oil painting. More info can be found here.
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Circle of Trust and REAL Professionals Network are joining forces to party like its 2013 at The Peachtree Club in the 999 Peachtree Street tower starting 6pm on March 28. RSVP here.
Math and alcohol don't mix, so don't drink and derive. Send bad jokes and story ideas to jarred@bisnow.com.
