News
THE DEAL SHEET
March 7, 2012
| The historic home to the Atlanta Daily World may go the way of the dodo bird. Taking its place may be an apartment complex. | ||
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| In a joint statement between Integral Group and Atlanta Daily Worldpublisher Alexis Scott, owners of the historic African American newspaper (which also own the building at 145 Auburn Ave) are planning to sell the property to Integral for an undisclosed amount. Integral will in turn will partially demolish the building (keeping the facade) and will develop a 91-unit apartment complex. This came about after Atlanta's devastating 2008 tornado, which damaged the newspaper's building. The paper has kept it vacant since and approached Integral about the deal. We'll keep you posted as this moves along. | ||
| LEASES | ||
| Pathbuilders inked a 3,200 SF deal at Eleven Seventeen Perimeter. Bass Commercial's Jud Bass brokered for the tenant while Lincoln Property Co's Leigh Braswell and David Danhof represented the landlord. | ||
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| BF Benefits and GPD Group both leased nearly 2k SF each at Eleven Seventeen Perimeter in the past few weeks as well. Lee & Associates Taylor Smith brokered for GPD (BF was unrepresented). | ||
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| Thrust Interactive, an online game and mobile app maker, inked a deal for its HQ at 741 Edgewood Ave, a 4,500 SF freestandig loft building, for its 20 employees. Invest Atlanta helped with site selection. The company plans to hire nine more in 2012. We found Thrust's CEO Jesse Lindsley, Atlanta Mayor Kasim Reed, and Invest Atlanta's VP Bill Cronin during the HQ's opening celebrations earlier this month. | ||
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| Counsel on Call Inc inked a 11,600 SF deal at Lenox Towers in Buckhead. Stream Realty Partners' Kyle Luby represented the landlord while Studley's Josh Hirsh brokered for the tenant. | ||
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| Civil litigation firm Watkins, Lourie, Roll & Chance PC leased nearly 7k SF at Tower Place 200 in Atlanta. Cresa's Hansell Roddenbery brokered the renewal and expansion for the tenant. PM Realty Group's Dean Giordano brokered for the landlord. | ||
| MANAGEMENT | ||
| Stream Realty Partners has taken over the leasing and management for 1300 Parkwood Circle (renaming the property to Parkwood Plaza) and the leasing of 11380 Southbridge, a nearly 16k SF office building in Alpharetta, for Doan Mira and HDP Investments. | ||
| FINANCING | ||
| CBRE SVP William Tyler helped Coro Realty Advisors obtain $50M in financing for Buckhead Place, a 21-story, 155-unit apartment tower at Peachtree and Piedmont roads with 131k SF of retail at the base. | ||
| PEOPLE | ||
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| Joey Bonin joined Partner Engineering and Science Inc as a national client manager. The 14-year construction risk management industry vet previously worked with Broadlands Financial Group. | ||
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| Jason Archer joined Newmark Knight Frank as an associate broker in the Atlanta office. Freshly graduated from Florida State University, Jason assisted in $800k in CRE deals while a student. We hear he also leaps tall buildings in a single bound. | ||
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| Former Ben Carter Properties partner Enrique ?Quito? Anderson has left the firm and returned to law, joining the real estate group at Sutherland Asbill & Brennan. | ||
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| Kevin Driver has been named an associate at Stream Realty Partners' Atlanta office. Previously, Kevin worked at CBRE. | ||
| EVENTS | ||
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| Find out who made NAIOP's Million Dollar Club, with cocktails and an awards program March 15 at the Buckhead Theatre. Grubb & Ellis'Dave Watson (here with Jones Lang LaSalle's class clown Gregg Metcalf) will be on hand to roast.... uh... congratulate the winners as Master of Ceremonies. | ||
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| CoreNet Global is going to delve into the topic of social media and technology with a handful of today's social media gurus, including Talent Builders CEO Barbara Giamanco, Colliers International's Coy Davidson, and Cushman & Wakefield Cornerstone's Principal John Adams tomorrow at Alston + Bird's Midtown office beginning at 3 p.m. Cushman & Wakefield's prolific blogger Ken Ashley will moderate. | ||
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| Andee's Army is on the march again. This time with a fun run. The organization that assists families with children who suffer from brain injuries (and started in order to help Newmark Knight Frank's John Poulos with his daughter Andee, who is still recovering from a rare form of a stroke) will host a 5K Fun Run/Walk March 31 at Holy Innocents' Episcopal School in Sandy Springs. You can register here. | ||
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| CREW Atlanta will be hosting its 30th Anniversary Gala April 26 at the Cobb Energy Performing Arts Centre, with the smooth sounds of Yacht Rock Revue. | ||
