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A more than 30-year Atlanta commercial real estate veteran is striking out on his own.
David Tennery has left JLL Atlanta, which he joined in 2013 to help the firm integrate its leasing, property management, development and capital market divisions. In January, Tennery plans to open the doors to Enke Capital Advisors, where he will focus on managing real estate portfolios for clients as well as arrange financing for new developments and purchases, Tennery said.
“It's going to be primarily consulting,” Tennery told Bisnow. "But I do think I will do some limited development."
Tennery's real estate career stretches back to 1981, with such firms as The Landmarks Group and The Hogan Group. Before JLL, Tennery was an executive at Regent Partners and was instrumental in spearheading the development of the 50-story 3344 Peachtree and Sovereign Tower in Buckhead, as well as Regent's 2012 purchase of Concourse Corporate Center, with its iconic King and Queen towers in Central Perimeter. Regent sold that project in 2015.
Tennery also has had his hands in the developments of Pershing Park Plaza, the InterContinential Hotel Buckhead and Glenridge Highlands.
Tennery said he suspects there will be more demand for watching over developers' current portfolios than arranging any new projects in the metro area in the near term.
“It would be naïve not to recognize that the amount of new, out-of-the-ground, Class-A office development, would require one to be cautious,” he said. “It's crazy not to recognize that we've got to tap the brakes a bit.”
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