LEASING
Pitney Bowes Presort Services renewed 66k SF at Airport West Distribution Center. Lincoln Property Co Southeast's Denton Shamburger and DTZ's James Halepis and Rick Nash brokered the deal.
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Allstar Financial Group inked a 17k SF deal at Northridge Center I & II, part of a string of deals at the complex totaling nearly 37k SF, including Woolpert, which leased 10k SF, and One Source Relocation, which inked a 9,000 SF deal.SALES
RADCO Cos just purchased The Park at Briarcliff, a 982-unit apartment complex in DeKalb County that has been rebranded Ashford Druid Hills. The company paid $39.6M. "The fact that it is surrounded by Emory University, the CDC, the expanding Egleston Children's Hospital, and is in town and right off the interstate, makes this acquisition the very best located distressed property in this cycle," says RADCO CEO Norman Radow.***
GASCO Real Estate Holdings purchases two office-flex buildings at Peachtree Technology Center: 5923 Peachtree Industrial Blvd (50k SF) and 5854 Peachtree Corners East (30k SF) for $8.7M from VIFII Peachtree Technology. JLL's Shan Gastineau, Paul Hanna and Katie Elliott brokered the sale.
EXECUTIVE MOVES
Robert Aldrich has joined Cassidy Turley's Atlanta capital markets group as a managing director. The 18-year vet most recently handled asset management for both foreign and domestic investors.
EVENTS
IFMA Atlanta will be delving into a tough but poignant topic: Strategies for surviving an active shooter in the work place. IFMA tapped Michael Briant, an 18-year security vet for ambassadors for the US, congressional delegations, and multinational corporations. The event will take place 7:30am, Oct. 16 at Maggiano's at Cumberland Mall.
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Wax your dream machine for Choate Construction's annual Cars and 'Q For the Cause benefiting Cystic Fibrosis Foundation. The event will be held at Choate's HQ at 8200 Roberts Dr, 4:30p.m. on Oct. 24. More information can be found here.
