This Week's Atlanta Deal Sheet: TSA Checks Into New Atlanta Office
The agency that screens passengers before they board a flight is opening a new training and office facility near Hartsfield-Jackson Atlanta International Airport.
The Transportation Security Administration inked a long-term lease for 44K SF at 1500 Centre Parkway, a nearly 100K SF office building in East Point, for classroom, training room and office space for agents at the world’s busiest airport. Along with the U.S. General Services Administration, which occupies 30K SF at 1500 Centre, the TSA helps to push occupancy up to 95%.
Lincoln Property Company Southeast Vice President Caroline Fisher and Executive Vice Presidents Hunter Henritze and Michael Howell represented the landlord, a joint venture of SGP Real Estate, Hight Property Group and Knox Properties. Lincoln’s government services group in Washington, D.C., also helped to arrange the deal.
LEASES
Upscale coworking operator Lucid Private Offices has leased two floors and 30K SF at 3379 Peachtree, a nine-story, 126K SF office building in Buckhead. This is Lucid’s third location in Atlanta, after its Alpharetta debut and another planned location in Cumberland/Galleria.
Cresa principal John Pelletier, CBRE Senior Vice Presidents Kush Mirani and Dale Lewis represented the tenant. JLL Senior Vice President Claire Ross and Vice President Will Tyler brokered the deal for the landlord, Nuveen Real Estate.
SALES
A joint venture led by ShopOne Centers REIT purchased Bethesda Walk, a 68K SF grocery-anchored shopping center in Lawrenceville, from Unison Realty Partners. The price of the Walmart Neighborhood Market-anchored center wasn't disclosed, but Unison picked up the center in 2019 for $1.4M after it was previously sold for $11M, according to Gwinnett County property records. The county valued the center for $8.2M in 2022, according to records.
JLL Managing Director Brad Buchanan, Senior Managing Director Jim Hamilton, associate Andrew Kahn and production coordinator Anton Serafini brokered the sale.
PERSONNEL
Cortland has appointed Jan LaChapelle as executive vice president and head of its debt capital markets division, reporting directly to Jason Kern, investment management president. In her role, LaChapelle will oversee all asset and fund-level financing for the Atlanta-based multifamily investor.
LaChapelle most recently was the executive vice president and head of capital markets for New York REIT Vornado Realty Trust.
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Peachtree Group has tapped Adam Greene as executive vice president of the firm’s newly launched EB-5 platform, geared at the federal program that allows foreign investors to apply for green cards in exchange for investing at least $800K in a development and creating at least 10 full-time jobs in the U.S.
Greene has more than 10 years of EB-5 industry experience, most recently having served as an executive officer and board member for Invest in the USA, an EB-5 trade association. A graduate of Cornell and New York University, Greene also previously worked with Textron Financial, where he established its hospitality financing program.
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Industrial developer Constellation Real Estate Partners has tapped two former Duke Realty Corp. executives to open a new Atlanta office. Chris Brown has been named partner, spearheading Constellation’s growth in the Southeast, including Georgia, and North and South Carolina. Constellation also named Sandra Reeves as vice president of development manager to oversee the firm’s development pipeline. Duke was acquired by Prologis in 2022, which promptly laid off hundreds of former Duke staffers.
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Batson-Cook Construction has tapped Channing Mason as the new vice president of business development for its Atlanta division. Mason previously acted as the director of operations for Benning Construction in Atlanta, according to LinkedIn.
