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January 11, 2011 
 
 
FIVE POINTS PLAZA
FOR SALE

Just announced, our next big schmooze: Atlanta Health Care Real Estate Summit, feat. Kaiser Foundation Health Plan of Georgia facilities services director Philip Oullette. Join us Feb. 9, Grand Hyatt Atlanta Buckhead. Sign up now!

 
Another Downtown Atlanta landmark is testing the investment waters.
 
Kevin Markwordt Transwestern Five Points Plaza Terminus 200
Five Points Plaza hit the market with Transwestern's Kevin Markwordt and Jon Kleinberg. The 123K SF, Class-B tower is the second downtown landmark to be put up for sale this year. (Yesterday, we reported that the Flatiron Building is being marketed for sale by City Realty's Tim Holdroyd.) Five Points Plaza at 40 Marietta St is owned by LNR, which foreclosed on the tower in 2009 from Richard Bowers. It's 100% leased to the Atlanta HUD offices through 2019. Kevin says this will be a prime investment for a buyer seeking cash flow. Despite the nature of a GSA lease (ability for tenant to terminate after certain dates prior to lease expiration), many investors still prefer the stability of a government entity as a tenant. It's also located next to two major telecom hubs, which offer an alternative strategy for an owner, being in the nexus of fiber in Atlanta, Kevin says.

Bisnow
BLIZNOW SNOW DAYS
 
Ackerman & Co. Frank Farrell, Chadd Evans Pat Chesser 10 Glenlake
We got a picture of the Three Musketeers—Ackerman & Co's Frank Farrell, Chadd Evans, and Patrick Chesser—who braved the snow and ice to show up for work yesterday at their 10 Glenlake office. Ackerman's Kris Miller tells us the company's office portfolio was “open for business” since most of its tenants were sending a few people to work. This included putting building engineers up in local hotels in case problems arose. In fact, one employee, Jimmy Halford, drove in Sunday to Premier Plaza and slept in a sleeping bag in the management office, Kris says.
Ben Carter Sharon Altenbach vinings home Buckhead Plaza
As the full impact of snow—mounting in inches not seen in metro Atlanta in decades—was realized, more and more businesses closed. Yet many Atlanta office buildings stayed open to allow for tenants to report to work as needed including Two Buckhead Plaza, which had about 35 people in the building, Ben Carter's Sharon Altenbach tells us. Above, Sharon poses in the backyard of her Vinings home. She didn't do a polar bear and try swimming in the sub-freezing temps. If anything, she attempted to not slip on the ice into the pool, she says.
Chris Ahrenkiel Tishman Speyer Alliance Center Reznick Group Two
Tishman Speyer's Chris Ahrenkiel took a self portrait at the entrance to Two Alliance Center where he walked to work from his high-rise home in Buckhead. Clearly, Chris will never be accused of being an undedicated employee. He also has something to smile about, having just completed a deal with Reznick Group for 70K SF at the Buckhead tower.
Melisa Trifiro Mace Macro
And finally, Melissa Trifiro with Mace Macro sent us this of herself all bundled up, ready to brave the elements. Mace recently was voted the top preferred project manager in Building Design's World Architecture Top 100. The firm also was featured in the December issue of the magazine.
 
The entire city has now been shut down for two days. Have you run out of milk yet? Let us know how you're coping: Jarred@Bisnow.com
 
 
 
 
Reznick ATL Mini
 
 
NewcombBoyd (Hospital)
 
 
Cobb Galleria Center
 
 
Reznick Crane ATL
 
 
Davios Restaurant
 
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