News
THE DEAL SHEET
July 12, 2011
| Sales | |
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| The CVS pharmacy at 2782 North Cobb Pkwy traded hands, with Carter's Michael Koch brokering the deal for the seller. The 12.5k SF building sold for $1.6M. TM 1031 Exchange's Christina Porter represented the buyer. | |
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| Cocke Finklestein has acquired LaVista Crossing Apartments from Sabino/LaVista Crossing. The 240-unit property at 3797 LaVista Rd in Tucker traded for $10.7M, according to Databank. | |
| Financing | |
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| CBRE is marketing the $117.5M performing loan for Bank of America that's secured by Tishman Speyer's Two Alliance Center in Buckhead, according to the Commercial Mortgage Alert. The floating-rate loan that replaced a construction loan in 2007 matures next year. | |
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| Aaron Rents is getting its own line of credit, purchasing $125M in notes from Prudential Insurance Company of America. The notes have a 3.75% interest rate and mature in April 2018. The retailer agrees to pay interest quarterly and an annual payment of $25M, starting in 2014, the company reported in SEC filings. | |
| Leasing/Management | |
| Lincoln Properties' Leigh Braswell just snagged an assignment to lease a 40k SF space at 3405 Piedmont, a five-story office building in Buckhead owned by Colony Realty Partners. | |
| People | |
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| Chondra Webster has just been named at director of business development for HJ Russell Construction. | |
| Events | |
| IFMA Atlanta will be featuring a panel with King & Spalding's Director of Facilities Harry Ludwig and Flood Brothers' Christie Lowell at its July 20 function at Villa Christina. | |
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| RICS Americas will be hosting its Southeast chapter shindig at the Bar at Shula's Grill 347 inside the Atlanta Marriott Buckhead on Aug. 4 at 5:30pm. | |
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| NAIOP Georgia is readying its Happy Hour 5pm July 28 at the Buckhead Saloon with the proceeds benefiting the local Political Action Committee ?Georgians for Smart Growth.? | |
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| Wells Real Estate Founder Leo Wells has been tapped as the keynote speaker for this year's Commercial Board of Realtors Young Council of Realtors luncheon 11:30am July 14 at the Ritz-Carlton Buckhead. | |
| Accolades | |
| This is the last week of CRE Softball League play for its regular season with the PMRG Indies leading the Sweetwater 420 Division and Colony Bandits and Carter tied in the Sweetwater Blue Division. PMRG Indies kicks off tonight's series at the Pace Academy ball field off of Defoors Ferry Road defending its record against Rooker, followed by JLL vs NAI Brannen Goddard and Richard Bowers facing off against Ackerman & Co. |
