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The Deal Sheet

WASHINGTON DC 08.16.2017

ALEXANDRIA STATE OF THE MARKET

The Premier Event on Alexandria's CRE Market

Austin Flajser -- Carr Hospitality/Carr City Centers
Bob Cohen -- Perseus Realty
Sean Caldwell -- Mill Creek Residential
The Deal Sheet

LEASES

pollockcovin
Pollock Commercials' Jeff Pollock (here with partner  Philip Covin) is helping The Big Nerd Ranch open an "Intergalactic Headquarters" at 200 Arizone Ave. The mobile app maker is leasing 25k SF at the loft office property owned by Weaver Capital Partners and The Seng Co.

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TowerPoint Capital is  moving its HQ to Six Concourse Parkway in an 8,000 SF lease. Cassidy Turley's Preston Menning brokered the deal for the tenant, while Regent Partners' Adam Allman brokered for the landlord.

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Diversified Labeling Solutions has inked  a 63,300 SF deal at Sugarloaf Distribution Center in Duluth, expanding by 40k SF. Colliers International's  Lee Cardwell brokered for the tenant while CBRE's Todd Barton  and  Greg Haynes brokered for the landlord, a division of the State Teachers Retirement System of Ohio.

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Architecture firm Lord, Aeck & Sargent have  inked a 30k SF lease for the top two floors of 100 Colony Square in Midtown. Cassidy Turley's  Dale Lewis  and  Stuart Alston brokered for the tenant while Tishman Speyer's Chris Ahrenkiel brokered for the landlord.

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Performance Food Gorup has inked a 10-year, 168,200 SF lease at Newpoint Commons off I-85 in Gwinnett. CBRE's Trey Barry brokered the deal for landlord New York Life Real Estate Investors.

DEVELOPMENT

david marvin
Homewood Suites by Hilton will flag the new hotel development off Luckie Street in Downtown Atlanta. This will be the first development for Legacy Property Group's Luckie Marietta District (headed by David Marvin). The 129-room hotel will be delivered in 2015.

SALES

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CBL & Associates Properties has  sold three regional malls to Hendon Properties and an off-shore investor. The malls include Rivergate Mall, a 1.1M SF mall in Tenn.; Panama City Mall in Panama City; and Georgia Square Mall, a 687k SF regional mall anchored by Macy's and Belk in Athens. JLL's Kris Cooper  and Margaret Caldwell brokered the transaction.

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ron cameron will mathews
Denver-based Apartment Investment and Management Co. purchased Park and 12th, a 30-unit apartment complex in Midtown, for an undisclosed sum. Colliers Internationals' Ron Cameron and Will Mathews  brokered the sale.

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Supertel Hospitality has placed a slew of Savannah Suites in Georgia up for sale, according to filings with the SEC. The hotel owner placed Savannah Suites in Atlanta, Augusta, Chamblee, Jonesboro, Savannah, and Stone Mountain on the market, along with a portfolio of other hotels across the country, including Days Inn in Virginia.

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Atlantic Pacific Cos has purchased Mornginside Courts, a  172-unit apartment complex in Atlanta, and Sloan Square, a  197-unit complex off Lavista Road near Emory University, for an undisclosed sum.

MANAGEMENT

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Vantage Realty Partners is moving up in the leasing world. Cousins Properties has tapped the  upstart firm to lease its retail space at its Emory Point project. Vantage's Brittany McCall (here with Wakefield Beasley's Marty Taffel at ICSC RECon last year) will lease the space. Cousins also tapped CBRE's Amy Fingerhut to lease the retail space at Terminus in Buckhead.

PEOPLE

CREW Atlanta installed Eastwood Real Estate Services' Christine Gorham as this year's president. She will lead a new board of directors who include: Parking Co of America's Susana Chavez as president elect; Atlanta Development Authority's Cheryl Strickland as past president; Holder Properties' Chris Smith as secretary/treasurer; Coca-Cola Refreshments' Marissa Share; Georgia Power Co's Kristy Rachal; Franklin Street Real Estate Services' Monetha Cobb; and Constructive Ingenuity's Sara Silvio.

EVENTS

Find out who will win this year's ULI Atlanta Awards for Excellence this Thursday at 5:30pm at the Cobb Energy Performing Arts Centre.

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The Circle of Trust Atlanta is readying its Fall Fling Sept. 26, starting at 5:30pm. at the Millennium Gate at Atlantic Station.

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The Buckhead Coalition's  Sam Massell  and Healey Weatherholtz Properties' Eric Weatherholtz are on hand to chat retail in Buckhead for ICSC's The Next Generation program 5:30 pm Oct. 1 at the W Hotel in Buckhead.