News
THE DEAL SHEET
August 9, 2011
| A CRE investment firm from the state best known for its oranges is about to invest in some Georgia peaches. | ||||||||||
 | ||||||||||
| Miami-based Steelbridge Capital is under contract to buy 1200 Ashwood in Central Perimeter (pictured here), sources tell us. CB Richard Ellis' Will Yowell and his team have the listing on the more than 188k SF building for LNR, which foreclosed on it last year from Calif.-based Griffin Capital for $5.5M. Will didn't return messages seeking comment, and a spokesperson for Steelbridge also declined to comment. As much as we'd love to know (so we could tell you) we don't have the potential purchase price. One source familiar with the transaction says the deal could close by October. | ||||||||||
| LEASES | ||||||||||
| Architectural firm Gensler has inked a deal for more than 21k SF at 999 Peachtree, the 28-story office tower owned by Jamestown. | ||||||||||
*** | ||||||||||
 | ||||||||||
| NexTraq has inked a 21K SF lease at Perimeter Crossing at Lake Hearn, relocating its HQ from Roswell. The move allows NexTraq, which makes GPS software for fleet management, to make room for more hiring. Ackerman & Co's SVP Gina DeRaffele (seen here) brokered the deal for NexTraq. Scott & Associates' Tom Parker represented the landlord. | ||||||||||
| ||||||||||
| SALES | ||||||||||
 | ||||||||||
| The Shopping Center Group's Daniel Earles helped sell Roswell's Mabry Village, a 15k SF shopping center, for $5.3M, or more than $350/SF. Tenants in the center, located off Mabry Road, include Five Guys Burgers and Fries, FedEx Office, Starbucks, and Prudential Georgia Realty. The Trilogy Group's Greg Craft brokered the sale for the buyer, an undisclosed investor from Colorado. | ||||||||||
| PEOPLE | ||||||||||
 | ||||||||||
| Christian Jacobsen has been named director of interior services for Balfour Beatty Construction, handling the development of interiors work for the company. | ||||||||||
| ASSIGNMENTS | ||||||||||
| Cushman & Wakefield's Ron Willingham, Matt Hawkins and Pierce Owings have been tapped to sell 15,000 undeveloped acres(including timber land) in Camden County, just north of the Florida state line, along with Savannah-based alliance partner Gilbert & Lattimore's Harvey Gilbert, Bill Lattimore, and Stephen Ezelle. | ||||||||||
*** | ||||||||||
| HFF has been tapped to market JP Morgan Asset Management's the Enso apartment complex at 880 Glenwood Ave. The owners of the 352-unit complex (the only LEED Gold apartment in Atlanta) hope it will trade for more than $50M. | ||||||||||
*** | ||||||||||
| Atlanta architectural firm Jova/Daniels/Busby has been selected to handle the redesign of the 1776 Peachtree Building in its landlord's efforts to reposition and rebrand the office building. | ||||||||||
| EVENTS | ||||||||||
| NAIOP will be honoring Atlanta's top producers Aug. 18 at Lenox Square Grill for its cocktail party. A portion of the $50 cover charge will go to Georgians for Smart Growth, the CRE industry's state PAC. | ||||||||||
*** | ||||||||||
| Steelcase's senior design researcher Sudhakar Lahade will be on tap to talk about ?Innovation in the Workplace? at the Aug. 17 IFMA Atlanta luncheon at the Savannah College of Art and Design. | ||||||||||
| ACCOLADES | ||||||||||
 | ||||||||||
| This B&W aerial (secret government testing site?) is among the 1,100 images donated to the University of Georgia's Map Library by Forestar Group. The images cover 18 North GA and AL counties,recording land use changes in the mid-20th century taken by the CRE firm. |
