Contact Us
News

THE DEAL SHEET

Atlanta

Want to get a jump-start on upcoming deals? Meet the major Atlanta players at one of our upcoming events!

THE DEAL SHEET
Ackerman & Co's prolific MOB development pipeline  has targeted Henry Co again.
 
ackerman medical piedmont healthcare henry county hospital physician center mob john willig commercial assets group john tallant
Ackerman & Co is partnering with Piedmont Henry Hospital to develop a 60k SF medical office buliding  in Stockbridge (clearly, those two people are seeing a doctor about their complexion). Called Henry Physician Center, the Class-A  $11M MOB will start to rise this summer at the corner of Eagle's Landing Parkway and Rock Quarry Road. And Ackerman Medical's  John Willig tells us it's already half preleased, with tenants including Southern Orthopaedic Specialists. John and Commercial Assets Group' s  John Tallant have been tapped to lease the property when completed in 2013. Ackerman has developed SouthCrest Medical Plazas I and II and Northpark I in Henry.
 
LEASES
NTS Realty Holdings says in its annual report that its nearly 200k SF Peachtree Corporate Center property is  74% occupied as of December, with 37 tenants  not taking up more than 10% of net rentalble space.

***

Remark Media's has $1.1M left on its lease obligations at Six Concourse Corporate Center in Central Perimeter, the company states in SEC filings. The lease on its 12k SF HQ space expires in 2016.

***

travelport renewal 300 galleria parkway
While Travelport is working on a renewal, it's got a couple of years left on its lease. According to a recent company annual report, Travelport's lease at 300 Galleria Parkway expires December 2014.We reported earlier this month the company was in talks with its landlord to renew 150k SF  there.

***

American Roadhouse, a Virginia Highlands breakfast standard, is opening its next location at Pencil Factory Flats & Shops off Decatur Street this spring.

***

How much did Cousins Properties give ClubCorp for the Commerce Club overhaul? According to ClubCorp's annual report, Cousins provided  $2.3M in TI toward a total of $6.5M in design and construction of the private club space atop One Ninety One Peachtree during its  lease restructure  in 2010.
 
SALES
 
Cocke Finkelstein's CFO Todd McKissick informed us this week that his company just bough t four apartment communities  in Florida, including Hunter's Ridge at Walden Lake (not quite as famous as its Pond cousin), Mallards of Brandywine in Deland, Pierpoint, and The Grove in Port Orange. All four add up to a whopping 900 units. Todd says the company  paid $50M for the portfolio.
 
DEVELOPMENT
Tvsdesign has been tapped by Chattahoochee Technical College in Marietta to help  design and develop a new  63,800 SF LEED Silver classroom building. The new facility will house the TV and audio studios, science labs, classrooms, culinary teaching kitchen, and interior design studios (and maybe our new TV studios).
 
MANAGEMENT
 
amercian realty advisors pm realty group piedmont center buildings 9 12 11 10 buckhead
American Realty Advisors has awarded PM Realty Group the leasing and management assignment for Piedmont Center Buildings 9-12, encompassing  more than 500k SF  of Buckhead office space. ARA assumed control of the ownership of the  four-building portfolio in February.
 
PEOPLE
 
david edwards director development services batson-cook development odyssey
David Edwards has been tapped as the director of development services for Batson-Cook Development Co to help grow fee-based business services. David was previously president of Odyssey Development.
 
EVENTS
This Saturday Newmark Knight Frank's own John Poulos and many other CRE pros will be on hand for the first annual  Andee's Army 5k Run/Walk  at Holy Innocents Episcopal School in Sandy Springs. And tomorrow, Teela Taqueria in Sandy Springs will donate a percentage  of its gross receipts to the charity named in honor of John's daughter Andee.

***

On April 28th, the Atlanta BeltLine is holding its  Northside 5k with a rematch between the Atlanta police and  fire departments at Tanyard Creek Park. Registration here.

***

This Wednesday, starting at 11:30am, TPA Realty Services will host The Masters. Well, obviously not the real Masters. But a broker event at its Johns Creek Ridge I, a 102k SF MOB on Hospital Parkway in Johns Creek.

***

 
special olympics georgia over the edge rapel overlook iii
Have you got what it takes to  rapel over a 20-story office tower? Special Olympics Georgia is seeking 80 volunteers to rapel over Overlook III during "Over The Edge" event in its efforts to raise $1,000. Organizers will host the charity event on April 21. You cansign up here (if you've got the guts).

***

The Young Council of Realtors will be hosting its bowling and networking night  at 300 Atlanta (yes, that's a bowling alley) for its first annual YCR Bowling Cup on April 19. While we're sure there will be awards for the best score, YCR is also giving awards for the craziest bowling outfits (guess it's time to break out our Speedos).

***

NAIOP will be hosting its 20th Annual Georgia School Challenge April 11 at Bank of America Plaza's conference room.
 
ODDS N' ENDS