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August 18, 2011 
 
 
 
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MONEY MONEY MONEY

Atlanta's downtown is booming! Join Central Atlanta Progress for the 9th Annual Downtown Development Day, Nov 3 at the Hyatt Regency Atlanta. Discover what's in the development pipeline and network with industry super-stars! Register today!

 
Cushman & Wakefield's Andy Ghertner's deal flow just got a capital injection.
 
Andy Ghertner cushman wakefield ge capital 300 windward carla williams bob stoner parkway eola
Andy (seen at a recent awards ceremony) just helped GE Capital renew more than 200k SF for five years at 300 Windward Plaza. Cushman & Wakefield's Carla Williams also assisted with the tenant, while CRE industry veteran Bob Stoner represented the landlord. GE Capital's office is one of the buildings that Parkway Properties bought the rights to lease and manage from Eola Capital.

Bisnow
BACK TO MARKET
 
midtown bull realty daniel latshaw sembler ponce de leon north ave st paul presbyterian
That prime corner of Midtown is back on the market. Bull Realty's Daniel Latshaw tells us that the contract to buy a 2.5-acre parcel at the corner of Ponce de Leon and North Ave (attached to the St. Paul Presbyterian church) has fallen through and the site is coming back to market. Daniel declined to comment on potential buyers, nor about what happened to the previous potential buyer. “As you know most distressed real estate is distressed for a reason," says Daniel. "Folks have been fired up, however, about this.” (The Jeep Wrangler will not be included in the sale.)
sembler group jeff fuqua midtown parcel bull realty united bank zebulon retail
We know you know this guy. That's The Sember Co's Jeff Fuqua (next to a painting of what looks like a dream we had), and sources tell us he may be one of the bidders this time around. The prolific retail developer did pursue the property the first time but did not enter final negotiations, sources say. A Sember acquisition would makes sense; the company made a reputation for developing innovative Intown projects (including Atlanta's first two-story Target in Buckhead). And Sembler has been pursuing sites around metro Atlanta for future development (it even made a go at Alpharetta's Prospect Park that ultimately went to North American Properties). As we were first to report, the site's lender, United Bank of Zebulon, is forcing a short sale from the owner, an attorney in Montgomery.

Bisnow
FROM ZERO TO FULL
 
800 great southwest parkway multitenant industrial newburger-andes david silvasons machines atlantic unlimited cars saga clothing
The guys at Newburger-Andes have something to cheer about. Remember when we first reported that the company acquired 800 Great Southwest Pkwy, a 62k SF multitenant industrial building on Fulton Industrial? At the time, it was nearly empty. We just heard from David Andes that his firm just filled the building—less than four months since its acquisition. New tenants include a 12,500 SF lease with Silvasons Machine, Atlantic Unlimited Cars (which we hope has our 2012 Audi R8 ready for pickup) and Saga Clothing.

Bisnow
'DER'S GOLD IN DEM HILLS!
 
the falls sanctuary park jones lang lasalle jp morgan leed gold usgbc
Yesterday, we spoke with Jones Lang LaSalle's Clint Howell who told us it didn't cost a lot for JP Morgan to achieve LEED Gold on two of its Alpharetta office buildings. The Falls (seen here) and Lakeview II in Sanctuary Park have been awarded LEED Gold for existing buildings, the first office buildings in North Fulton to do so and one of the few suburban offices. And all in, JP Morgan spent less than $100k to get there, Clint tells us. “It wasn't a big dollar amount to put us over the hump.” Improvements made include using a storm-water fed lake for irrigation, comprehensive recycling program, low-flow hands-free faucets that reduce water consumption by 10%, and using green cleaning products. The Falls is home to Microsoft and Hartford Insurance while Lakeview II tallies McKesson and Nielson TV ratings company among its tenants.

Bisnow
CORRECTION
 
Oops! We need to make a couple of corrections. RGRE's new leasing assignment in Peachtree Corners is actually called Veridian. And the landlord reps for that MedTech HQ deal at Overlook II is PM Realty Group's Dean Giordano and Parkway Properties' Chris Breeden and Bill Hollett. Please note, the second mistake was just made to keep the first one company.
 
You can see us twice in the next few days. Join us for our Power Women of Atlanta event tomorrow morning at the Grand Hyatt in Buckhead (last chance tickets here). And you can also see Bisnow's own Jarred Schenke and Darla Bennett at Tuesday's Georgia Society of CPAs Real Estate Roundtable, being held in the North Tower of the Atlanta Financial Center. We'll be chatting everyone up about the CRE market. More info on that event can be found here.
 
 
 
 
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