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November 8, 2011 
 
 
SEALED WITH
A GOLD KIST

 
Finally! The former Gold Kist office building in Central Perimeter may soon have a new owner. And it may no longer be an office building as well. (It could be a pool, or an art exhibit, or a helipad...)
 
Corenet Global summit georgia world congress center jim medbery jeff binswanger gold kist central perimeter contract
We sat down yesterday with Binswanger's Jim Medbery, right, was with his boss Jeff Binswanger (what a coincidence he has the same name as the company) at the CoreNet Global Summit at the World Congress Center. Jim tells us that he has been listing the 262k SF, JBS Realty-owned office building on Perimeter Center Parkway since it was vacated by Gold Kist earlier this year (it's been on the market for $19.7M). But that may history soon. “We've had a lot of activity and feel like a potential contract is imminent,” Jim says. While Jim wouldn't comment on the potential buyer, he does say it's a redevelopment play and even hinted a buyer could raze the whole structure and move forward on a mixed-use development. Wow! We'll keep you posted.
 
PM Realty (Mansell)

Bisnow
TECH'S BIG IMPACT
 
kay sargent teknion panel corenet global summit future workplace open floorplan georgia world congress center
No surprise, but technology is having dramatic effects on CRE usage. That was the message yesterday from a CoreNet Global Summit panel focused on what the future workplace will look like, featuring Teknion's Kay Sargent, Cisco Systems Relina Bulchandani, and Jones Lang's Peter Miscovich. Kay says that 77% of companies surveyed say they are moving toward open workspace with fewer individual offices, and 46% are focused on remote working. And that's leading to less of a need for SF. Formerly, a company would on average have 120 desks for every 100 employees. Today, Kay says, that ratio is more like 60 desks for every 100 employees: “That's really where the savings take place.”
jones lang lasalle peter Misgovich corenet global summit square footage shrink technology mobile georgia world congress center
Desks are one thing, but Peter spells out the changes in SF. In the '80s, companies leased an average of 500 to 700 SF/person (most of for our hair), and utilized two-thirds of the space. Today, that has been reduced to 200 SF/person with at most a 50% utilization rate. By 2015, Peter predicts it will be 50 SF/person with 85% utilization rate. So, how are people working? Remotely, especially with the adoption of smart phones and mobile tech. By 2020, Peter says 6 billion people will have mobile phones. “People will have a mobile phone before they have the electric light.” To see the entire discussion, and other CoreNet Global interviews, check out JLL's YouTube page.
 
coca-cola matt fanoe brand proactive panel unused real estate disposition georgia world congress center
We also got a chance to hear Coca-Cola's real estate guru Matt Fanoe chat about the science behind his profession yesterday. Matt, above on a panel on what to do with unused corporate real estate, emphasized being proactive with local communities not only to work with municipalities on the “highest and best use” of any resale of the property, but also the citizens, many of whom are likely affected by a plant closure. “Part of that is protecting the brand,” Matt says.
 
Mannington commercial Rick Morris, Russ Neese and Mark Grund der biergarten stats jones lang lasalle nustar commercial flooring contract corenet global summit
And what would be a global summit without the after parties? Here's Calhoun-based Mannington Commercial's Rick Morris, Russ Neese, and Mark Grund, who just received an assignment to do the commercial flooring for NuStar's 350k SF office in San Antonio. The trio were celebrating a belated Oktoberfest at Der Biergarten at STATS at a party hosted by JLL.
 
John Poulus, Catalyst Development's Stephanie Pater, NKF's Andrew O'Brien and Kirk Adams w hotel wetbar qbe insurance newmark knight frank corenet global summit cumberland galleria
We also popped over to the Wetbar at the W Hotel downtown for Newmark Knight Frank's party, where we encountered John Poulus, Catalyst Development's Stephanie Pater, NKF's Andrew O'Brien, and Kirk Adams. Kirk tells us he is representing QBE Insurance in an 80k SF RFP in the Cumberland Galleria submarket, potentially leaving 210 Interstate West.
 
newmark knight frank andrew o'brien ilona berman jack stokes straight balla financial analyst w hotel wetbar corenet global summit
NKF's Andrew O'Brien, Ilona Berman, and Jack Stokes at the Wetbar party. Andrew says Jack, a financial analyst, is a "straight balla." We don't know what that means, but hopefully something to do with money. Or baseball.

Bisnow
REMEMBERING SKIP BEEBE
 
Skip Beebe
Bisnow wants to offer its condolences regarding some tragic news that’s just reached us. Atlanta CRE veteran and Georgia Tech professor Skip Beebe passed away last night. According to a CBRE memo, he died “due to complications from a fall” soon after his participation on a CoreNet Global Summit panel. Skip was a 14-year vet at CBRE in Atlanta, retiring in 2007. “He touched many lives and influenced many careers [at CBRE],” the memo states. “Skip remained a positive influence at CBRE, serving as a mentor and counselor to many of our people and a popular instructor at CBRE University. The entire CBRE community mourns his untimely passing.” According to a GaTech bio, where Skip was a Ledbetter Professor of the Practice of Real Estate Developmnt, he began his career at Cousins Properties and then founded Mobil Land Development Corp. Eventually, he became president of Wilma Southeast, a Dutch-owned development and investment company, and then he joined CBRE, eventually leading the Atlanta office. Our thoughts are with Skip's family and friends.
 
We'll have more coverage of this event Thursday. Until then, send your news our way to Jarred@Bisnow.com. Especially if you're a straight balla.
 
 
 
 
Reznick Tile2 ATL
 
Reznick Insights ATL
 
TPA Lakeside2
 
Buckhead Club
 
Cassidy Turley ATL
 
Circle of Trust (finale)
 
Arent Fox Barcode ATL
 
Bisnow One ATL
 
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