News
THE DEAL SHEET
July 19, 2011
| Leases | |
| GXS inked a 54k SF renewal at Parkway 400 in Atlanta for 130 months. Grubb & Ellis' Sam Zelony represented the asset manager of the 193k SF Parkway 400, Daymark Realty Advisors. Studley's Josh Hirsh and Andy Lechter represented GSX. Daymark has leased 50k SF of new leases and 77k SF of renewals since March at the two-building complex in Alpharetta. | |
*** | |
| Marketing firm Sagepath leased 10k SF at Prominence in Buckhead in a renewal that has it moving up to the 15th floor. CresaPartners'Bubba Chrismer, Andrew Waguespack, and John Flack represented Sagepath, while Jones Lang LaSalle's Justin Croxton brokered the deal for the landlord. | |
*** | |
| Cousins Properties inked a huge retail deal with Academy Sports + Outdoors, which will lease 72k SF, including taking the former Circuit City space at The Avenue Forsyth. | |
| Management | |
| Atlanta-based ARA, a multifamily investment advisory firm, opened its 24th office in Nashville and named Scott Tyron, formerly of Cassidy Turley, to lead its operations there. | |
| People | |
 | |
| CB Richard Ellis has named Chris Hurd as director of enterprise sales in Atlanta, where he will manage business development efforts and oversee sales activity. | |
*** | |
 | |
| Transwestern has hired Edward Easterlin as VP of the firm's tenant advisory group, where he will specialize in representing professional service firms (and keeping a very orderly office by the looks of it). | |
*** | |
 | |
| Franklin Street Management Services named Doug Linneman as area manager for its multifamily and CRE portfolio. Doug was previously president of MacRae Development. | |
*** | |
 | |
| Former college hoops player (and all around tall guy) Mark Stewart has joined Batson-Cook Development Co as director of investments to grow its Southeast portfolio. Mark, who has worked with First Fidelity, Transwestern, Hines, and CBRE, will seek development projects to infuse capital for Batson-Cook. (And help Batson-Cook dominate any CRE basketball tournaments, we suspect.) | |
Events | |
| Join Bisnow's own Jarred Schenke this Thursday as he speaks with industry experts at the Atlanta Commercial Board of Realtors' panel discussion on "Tweets, Apps and the Cloud" and the present and future of CRE online marketing. Jarred will be joined by Cushman & Wakefield's Ken Ashley, Atlanta Business Chronicle's Doug Sams, and Wilbert News Strategies founder Tony Wilbert. The free panel (where you can earn 3 hours of credit) starts at 9am at the ACBR HQ at 5784 Lake Forrest Drive in Sandy Springs. | |
| Requium | |
| As has been reported by the WSJ and other media outlets, book seller Borders Books has closed the book on its retail operation, with plans to file Chapter 7 Bankruptcy liquidation and close all its remaining stores across the country. |
