The Deal Sheet
Carter snagged three project management jobs at three local colleges as the higher ed market continues to run on all cylinders.
Carters SVP John Jokerst tells us the firm will handle the project management of three renovation/reuse projects, including:
- Campbell Hall at Agnes Scott College, which will transform the former science building into a 51,400 SF student housing/classroom facility.
- Richards Memorial Gymnasium at Berry College, which will include offices for Berry College athletic teams, a 4,000k SF weight room and 3,000k SF locker room.
- Reed Hall at Spelman College, which will redevelop the 53k SF facility into a wellness center that includes a four-lane swimming pool, classrooms, teaching kitchen and an indoor track.
There is certainly a desire on the part of institutions to maximize existing space to the greatest extent possible, John tells us. But the need for new facilities to address ongoing demand also remains strong. John also says the Agnes Scott project demonstrates a new trend in higher ed, where student housing is being combined with traditional educational facilities.
LEASES
Amendia Inc has inked 90k SF at 1755 West Oak Pkwy in Marietta, expanding from its previous 49k SF office. Cresas VP Bo Keatley brokered the deal for the medical device maker, while CBREs Mark Hawkes represented the landlord.
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Manhattan Construction has leased its new suite at 5871 Glenridge Dr in Central Perimeter, moving from a previous office near Emory.
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Attention Brokers! Remark Media only has a handful of years left on its 12k SF lease at Six Concourse Parkway, according to info supplied to the SEC. The company reports that it HQ lease will expire in 2016.
SALES
JLLs Derrick Bloom and David Gutting have helped sell ALARA State Bridge, a 224-unit apartment complex in Johns Creek and ALARA Highland Park, a 188-unit apartment complex in Sandy Springs for American Realty Advisors for an undisclosed sum.
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The Admiral Capital Group in a JV with Wood Partners and the University of NC Kenan-Flagler Business Schools student-managed real estate fund have purchased the Brookhaven, a 17-story condo in Buckhead, for an undisclosed sum.
FINANCING
Colliers Internationals SVP Kevin Troy put together a $6.8M refi package for three metro area apartments: The 32-unit Peachtree Hills Court (above); the 49-unit 112 Crescent Ave and the 28-unit Walt & Earle Apartments on Highland Avenue.
MANAGEMENT
Happy as a clam, Cushman & Wakefields Andy Sumlin has been tapped by YP Holdings to sublease the nearly 300k SF Northlake office building formerly used by AT&T. Called 2247 Northlake Pkwy, its part of a two-building campus near Northlake Mall.
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Fairlead has been tapped by GE Capital to lease and manage Atlantic Business Center and Pacific Center in Norcross, a six-building 280k SF complex. Fairlead' Jeff Shaw and Jim Caswell will handle leasing while Kevin Oats and Jennifer Mineck will manage.
PEOPLE
Mike Demperio has landed with Dallas-based Fischer & Co and has taken up offices at City View near the Galleria.
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Lee & Associates has tapped Christopher Calhoun and Bennett Sands as senior appraisers for its valuation and consulting division in Atlanta.
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Bull Realty has hired Kermit Hairston from Galazy Partners (above) and Keelee Peterson from BCM Capital.
EVENTS
It will be all-hands on deck for Mitsubishi Electric US Cooling & Heating Divisions opening celebration today, as it officially starts business in the 550k SF facility at 1340 Satellite Blvd in Suwanee. The company is expected to hire 100 employees at the facility over the next three years.
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Find out about new developments in business taxes this Thursday 10am at the Four Seasons Hotel in Atlanta. The event will include such notables as McKenna Long & Aldridge Partner Saba Ashraf, Emory University School of Law Professor Dorothy Brown and Emory University School of Law Associate Dea n A. James Elliott.
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The CRE industry is getting together again to organize this years Feed The Homeless project with brats and burgers at the Alliance Center activity yard in Buckhead April 25 at 11:30am.
What do you put on your hotdog? Tell Jarred@Bisnow.com.
