The Deal Sheet
An Atlanta multifamily investor has finally revealed its latest acquisitions following a big infusion of new capital.
The Carroll Organization has purchased two major Atlanta apartment communities: Chattahoochee Landing, a nearly 400-unit complex in Roswell, and The Abbey at East Cobb, a 200-unit property. The buys, in a partnership with NorthStar Realty Finance Corp, were part of a $46M package. Carrolls CEO Pat Carroll (above) says the properties are within its target of apartments in strong demographic communities. The buys come just two months after Carroll announced that it had sold a 10% stake in its company to Atlanta-based Hanna Capital.
LEASES
Cynergy Data has inked a 13,300 SF deal at 4800 North Point Pkwy, a 75k SF office building in Alpharetta. JLLs Glenn Aspinwall represented the landlord, Glenfield Capital.
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Umi, a new Asian restaurant, is set to open at Two Buckhead Plaza this month. Hendon Properties Charlie Hendon and Fontanell Managements Farshid Arshid helped bring the restaurant to the property.
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Medtech College has inked a 16k SF, 11-year lease at 2800 Century Pkwy in Atlanta. Cassidy Turleys Dale Lewis brokered for the tenant; Highwoods Properties Jim Legg brokered for the landlord.
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HenneCold Storageleased 109k SF at the Americold Logistics Building in the I-20 submarket, the Tampa-based companys first Atlanta cold storage location, which will produce up to 30 new jobs locally. The two-building, 542k SF property at 6150 Xavier Dr is owned by Americold Logistics. Colliers Internationals Chris Cummings repped the tenant, while Reliant Real Estate Partners'Bob Burdell brokered for the landlord.
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Pipeline Packaging Corp has inked a 62,500 SF lease at 4175 Royal Dr at the Northpark 75 industrial campus. Transwesterns Brent Dutson and Jim Hazard brokered for the tenant while IDIs Lisa Ward and Atlanta Commercial Property Services Bob Tardy repped the landlord, Cornerstone Real Estate Advisers.
PEOPLE
Lincoln Property Cos Sabrina Altenbach (right, with Lincolns Michael Howell and Bob Lintault) has something to celebrate-- a promotion to senior leasing associate. Daughter of famed CRE broker Sharon Altenbach, Sabrina was seen here at 300 Atlanta for Lincolns Bowlarama event that raised $6,000 for the Atlanta Day Shelter for Women and Children last week.
EVENTS
What do Centennial Olympic Park, Atlantic Station, Piedmont Park, Chastain Park and Loews Atlanta Hotel have in common? Theyre all venues for this years Atlanta Jazz Festival 31 Days of Jazz next month. You can find more info on the concert lineup here.
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Primerica is readying for a ribbon cutting for its HQ in Duluth May 17, at 11am. Contact Patricia Brock for an invite.
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Beer drinkers of Atlanta, untie! We mean, unite *burp*! Atlanta Summer Beer Fest is set for June 22, beginning at 4pm, at the Masquerade Music Park. The $35 ticket price(obtainable here) will include beer (hopefully).
ACCOLADES
We caught up with Choate Construction Cos Millard Choate(with King Industrial Realty's Sim Doughtie) at our event last week to find out that Choates HQ at Northridge Plaza in Central Perimeter has been awarded LEED EB-OM Gold. Features that earned the designation included solar photovoltaic system on the roof, water efficiency systems, and LED lighting.
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Congrats to Georgia State Universitys Earnest G. Welch School of Art and Design undergrad Katherine Hilliard for the above picture. It won Americas Capital Partners Identity 100 art competition for the former Equitable Building (now 100 Peachtree).
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Congrats also to the latest designees into the Georgia CCIM Chapter: ICON Commercials Ryan Bowie; JWB Realty Services Ryan Denbow; Duke Realtys Jim Eshleman; Coldwell Banker Commercials Ashley Goodroe; Simpson Cos Brian Hughs and Jason Holland; Jones Brokers Korey Jones; Atlanta Housing Authoritys George Knight; and Regions Financial Corps Ann Vaughn Martin.
Who's Johnny, we say? And smile in our special way. Send your news to Jarred@Bisnow.com.
