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THE DEAL SHEET

WASHINGTON DC 05.08.2017

MONTGOMERY COUNTY STATE OF THE MARKET

Featuring an Interview of Marriott CEO Arne Sorenson

Arne Sorenson -- Marriott International
Mike Gill -- The State of Maryland
Oliver Carr, III -- Carr Properties
THE DEAL SHEET
Leases
Kemira HQ is moving to 1000 Parkwood, inking a 46k SF 12-year deal with the 10-story Class-A tower in Atlanta, moving the water chemistries company closer to its  R&D center at Technology Enterprise Park. JLL's  Brannan Moss  and Rob Metcalf  brokered the deal for Kemira, while Adam Viente  and  Jeff Frantz represented the landlord Parmenter Realty Partners.
 
Sales
 
Camden Property Trust purchased Estates at Phipps, a 234-unit apartment  complex in Buckhead for an undisclosed sum. The project, six brick facade buildings  that are 95% leased, is at 700 Phipps Blvd. Derrick Bloom  with Jones Lang LaSalle brokered the sale for Equity Residential while working at Apartment Realty Advisors.
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david andes steve farrar newburger-andes retail property doraville champion properties
Newburger-Andes Partner David Andes (right, with partner Steve Farrar) recently completed the sale of 5800 Buford Highway, a free-standing retail property in Doraville to Champion Properties for an undisclosed sum.
 
People
 
Brandon Forde  has joined Studley as EVP of the strategic portfolio solutions division, a group formed by Studley in 2010 to offer counseling to corporations on their real estate needs. Brandon recently was with CB Richard Ellis' global corporate services group.


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frank spears balfour beatty construction veteran
Frank Spears has been named president of  Balfour Beatty Construction in Georgia. A  35-year veteran of the industry, he's managed the construction of many notable developments including One Atlantic Center, Ritz Carlton-Atlanta, and Lenox Square mall.
 
Development/Management
 
georgia congressman sanford bishop turner construction marty miller martin army community hospital fort benning ellerbe becket
Congressman Sanford Bishop and Turner Construction's  Marty Miller  were on hand last week for the groundbreaking of the $333M Martin Army Community Hospital at Fort Benning. The 745k SF facility is being co-built by Turner and Ellerbe Becket and will serve Army personnel once completed in January of 2014.

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Va.-based Hercules Real Estate Services recently completed the $6M renovation  of The Villas at Lakewood in downtown Atlanta as part of the federal affordable housing  program. Renovations to the 160-unit community  include a new community building, a computer center, walking trails, new unit flooring/carpets, kitchen cabinets, and lighting.
 
Events
 
Char Fortune with Grubb & Ellis has been tapped to moderate a panel exploring the dynamics of four generations  working side-by-side in the modern office environment for IFMA Atlanta's May 18 event at Villa Christina in Central Perimeter. Other panelists include Knoll Research Director Tracy Wymer  and Steelcase's Melanie Redman.
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The famous Dr. Don Ratajczak has been tapped to talk on the Atlanta economy for NAIOP's 2011 Economic Forecast event May 24 at the InterContinental Buckhead. Check aiopga.org to sign up.