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June 9, 2011 
 
 
 
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Ceva Claims
Clorox Warehouse

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Ceva Logistics inked 400k SF at the Camp Creek Business Center (3201 Centre Pkwy), the former Clorox warehouse. The 600k SF distribution facility is in East Point.
 
duke realty cbre ceva logistics 3201 centre parkway colorx cbre tony kepano corey richardson
CBRE's Tony Kepano, Peter Stewart, and Bret White repped Ceva, an international logistics company, in the major lease that's potentially expanding to fill the entire facility, sources tell us. (Tony declined to comment as did Duke Realty's Corey Richardson, who handled the negotiations for the landlord.) The Ceva deal consolidates two existing distribution facilities for the company in Atlanta, saving the company millions of dollars on rent, sources say.

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JLL TAPS DAVIDSON
 
prologis rodney davidson jones lang lasalle agency leasing clark gore
Already a huge player in industrial leasing with such names at Chris Tomasulo and Steve Grable, Jones Lang LaSalle's Atlanta office is pushing into landlord rep with its recent hire of Rodney Davidson to head up its industrial agency leasing division. Rodney comes directly from ProLogis (which recently merged with AMB), his home for 16 years and where he was responsible for leasing 19M SF of the company's Atlanta portfolio (and helped execute 5M SF in leases last year). JLL's Clark Gore summed it up: "Rodney is, frankly, one of the most recognized and best-producing leasing guys in town."

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PRIMO DEAL!
 
nai brannen goddard bob burdell doug steverson primo grills 3289 montreal industrial way tucker rachel condon commercial property professionals 5999 Goshen Springs Rd Norcross
NAI Brannen Goddard's Bob Burdell and Doug Steverson cooked up quite a deal, repping Primo Grills in its purchase of 3289 Montreal Industrial Way (a 54k SF light manufacturing facility) in Tucker for $1.1M. Commercial Property Professionals' Rachel Condon repped the seller, a private investor from New York. The building was on the market for about a year after being empty for several years. Doug tells us that Primo will eventually move from its existing plant at 5999 Goshen Springs Rd in Norcross, where it operates in 25k SF.

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NEWBURGER-ANDES HEAD SOUTHWEST
 
800 Great Southwest Parkway newburger-andes Steve Farrar David Andes Wilson Hull neal Rusty Epperson Carl Golden
Prolific retail buyer Newburger-Andes is on the clock: It purchased 800 Great Southwest Pkwy (a 62k SF multi-tenant industrial building in the Fulton Industrial submarket) for nearly $1M and wants to "fill it all in the first 90 days," says Newburger-Andes' David Andes. (He's second from left with Newburger-Andes' Steve Farrar and Wilson Hull & Neal's Rusty Epperson and Carl Golden, who repped the seller.) The company has already leased three spaces to small tenants, including Atlanta Audio Visual for 4,500 SF, Atlantic Unlimited for 8,800 SF, and Commercial Appliance Parts for 4,100 SF and has proposed leases out for the remaining vacancies. David says that it was an opportunity to pick up a solid property from a motivated, out-of-state owner at a deep discount off replacement cost. Also, part of the property's attraction (one of nine it owns in the area) is it's part of a redevelopment zone that could give tenants a $3,500 tax credit per employee for creating new jobs.

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1010 PEACHTREE OFF THE BLOCK
 
1010 peachtree cb2 12th midtown daniel corp no longer for sale steve baile
We spoke yesterday with Daniel Corp's Steve Baile who told us that 1010 Peachtree St, the 41k SF street-level retail center at 12th and Midtown, is no longer for sale. He says that potential bidders were just “bottom feeding” on the price. Instead Daniel will hold 1010 Peachtree for the long-term, giving it a chance to better its occupancy, now at 73%. We previously reported that the top bidder on 1010 Peachtree was Edens & Avant, among half a dozen solid bidders. Steve declined to ID any potential buyers but says that the lease with CB2, the flagship store for furniture retailer Crate & Barrel, caused concerns from buyers since there's a kick-out clause in five years. Daniel's now trying to renegotiate the lease with CB2 to keep them at the project longer. Should negotiations take a while, we know a place he could buy a crate and/or barrel to hold extra clothing.
 
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