News
THE DEAL SHEET
September 13, 2011
| This week, Highwoods Properties is finishing its purchase of Riverwood 100. | ||
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| The news was confirmed this morning by both Seven Oaks Co's Harry Conley (right, schmoozing with Resource Real Estate's CFO Jeb Brees) and by Eastdil Secured's Randy Evans at our Atlanta Capital Markets event at the Westin Atlanta Buckhead. The purchase price for the more than 500k SF office building, being sold by GE Asset Management, wasn't disclosed. Seven Oaks developed Riverwood 100 and was part of the talks to sell to Highwoods. Harry called it a ?clean? deal. ?The seller and buyer's interests were aligned.? Read more in depth coverage of our capital markets event on Thursday. | ||
THE DEAL SHEET | ||
| LEASES | ||
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| PerkinElmer Health Sciences inked a 10-year deal for nearly 11k SF at 11695 Johns Creek Pkwy. Jones Lang LaSalle's Liz Love represented the tenant while TPA Realty Services represented the landlord, Piedmont Office Realty Trust. | ||
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| Speaking of TPA, the company is moving its admin offices to 3550 Engineering Dr at the Technology Park/Atlanta campus in Peachtree Corners. | ||
| SALES | ||
| AEW Capital Management purchased two Alpharetta grocery-anchored centers totaling more than 235k SF: Crabapple Shopping Center and Saddlebrook Shopping Center. The seller was LaSalle Investment Management, which sold the retail portfolio for more than $43M. Both centers are anchored by Kroger. Holliday Fenoglio Fowler's Jim Hamilton and Richard Reid brokered the sale. | ||
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| Cortland Partners just purchased Greens at Windy Hill, a 188-unit apartment complex in Smyrna; Spring Valley, a 250-unit apartment complex in Decatur; and Casa los Pinos, a 386-unit apartment complex in Norcross for $18.6M (this includes a 176-unit complex acquired this past summer). Perhaps Cortland's CAO Brad Brown has something to do with this? He'll never tell. | ||
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| Marietta-based Columbia Properties bought Piedmont Village, a 114k SF shopping center off Piedmont and Canton roads in Marietta for $4M. CB Richard Ellis' SVP Craig Taylor brokered for the seller, First Southern National Bank in Kentucky. | ||
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| Lincoln Property has purchased 475, 485 (seen here), and 495 Horizon Creek Dr, a three-building industrial portfolio in Suwanee, for an undisclosed sum. The buildings are nearly 483k SF. | ||
| PEOPLE | ||
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| MACE has just hired Tim Tourville as managing director of facility management and Brian Levy as national director of operations for facility management. | ||
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| Marcus & Millichap's James ?Chris' Rea has been promoted to SVP of investments with the Atlanta office. | ||
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| Tiffany Adams has been named director of marketing for The Marketing Directors (kind of a palindrome) overseeing Atlanta, Nashville, and Jacksonville for the condo seller. Tiffany previously worked with Accelerated Marketing Partners. | ||
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| Gil Russell has joined Ackerman & Co as VP of brokerage, handling landlord rep work at Johnson Square Office Park in East Cobb and the Winchester Office Park on Roswell Road. Gil comes from Roberts Commercial Rela Estate Services. | ||
| EVENTS | ||
| Daniel Corp's Steve Baile will be chewing the fat on multifamily development at this Wednesday's AYREP event at Loews Atlanta Hotel. The event starts at 6pm. | ||
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| NAIOP has tapped Jones Lang LaSalle's Duncan Gibbs, Parkway Properties Jim Ingram, Colliers International Jeff Kelley, and Cassidy Turley's Jim Shelton to reveal ?Deals Done in 2011 ?Diamonds in the Rough? at this Thursday morning's breakfast event at the Grand Hyatt Buckhead. | ||
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| Who will it be this year? We'll find out Sept. 15 when the Urban Land Institute reveals its winner of the Dedvelopment of Excellence Award at 6pm at 200 Peachtree St. Finalists for the award include 12th & Midtown, 1315 Peachtree St, The Shops Around Lenox, Terminus in Atlanta, and Warehouse Row in Chattanooga. | ||
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| Choate Construction is revving its engines for the Cars and 'Q for the Cause car show benefiting the Cystic Fibrosis Foundation next Thursday, Sept. 22 at 4:30pm at the company's HQ at 8200 Roberts Dr. If you got wheels, bring them out and show them off. |
