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The Inside Scoop on the People & Places that Shape Atlanta Real Estate
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AutoTrader Interest Driving in a New Direction
 Hines' Perimeter Summit, located inside the southwest quadrant of Ashford-Dunwoody Road and I-285
After seriously considering Cousins' Terminus 200, AutoTrader
is now focused on Perimeter Summit, where they are currently negotiating
for a big chunk of the 3003 Perimeter Summit building. The owner, GE Pension Trust,
has agreed to move current tenants from one of the towers into another
to accommodate AutoTrader's requirements.
The move to Buckhead would have been a huge shot in the arm for
the Buckhead office market which has approximately 2.7 million square feet of vacant
space. Considering Terminus as a potential home may have been nothing more than
a goodwill gesture to the City of Atlanta. Cox drew heavy fire about its
commitment to the city of Atlanta after its decision to move the AJC outside
city limits.
AutoTrader is
looking to consolidate office space it currently occupies in five area
buildings. Signage availability was also noted as a factor. The Perimeter
location could potentially allow for both significant signage while also
satisfying the need for contiguous square footage. Sources tell the
Rooster this could amount to as much as 250,000 square feet.
Bob
Voyles, of Seven Oaks Company, represents the landlord. CB
Richard Ellis' John Shlesinger and Sam Holmes represent Cox
Enterprises, the parent company of AutoTrader. Neither commented on this story. |
Paul Hastings to Consider Buckhead, Midtown and Downtown
Ben Raney of Raney Real Estate in Atlanta
Ben Raney, of Raney Real Estate, has been tapped to
represent the law firm of Paul, Hastings, Janofsky & Walker in their search
for office space. The law firm, whose lease expires in 2012, currently
occupies approximately 7 floors in the 55-story Bank of America
Plaza. Raney told the Real Estate Rooster that the
law firm would consider Buckhead, Midtown, and Downtown in its search.
Raney added that "Paul Hastings will be able to take advantage of
upgrades in technology and will reduce its current overall square
footage in this new location." The estimate for the new space is
80,000 to 100,000 square feet. Ben is well-known for his representation of law
firms in the Atlanta market and is sure to land a competitive deal for Paul Hastings. |
Something to Squawk About
Left to right, back: Price Muir, John Tugman, Nick Nichols, Ben Stafford, Furman Wood, Scott Polinski, Bilijack Bell & Jason Whitworth. Left to right, front: William Wood and Walker Welford.
What's the key to winning a local broker/landlord fishing tournament? Apparently it has something to do with double W's. William Wood of Commercial Property Professionals and Walker Welford of Taylor & Mathis ruled the roost last Thursday at the Piedmont Driving Club. Commercial Property Professionals, Nichols Construction and Wilson, Hull & Neal hosted this annual event and the Rooster was there to celebrate as these fellas really showed their basses!
Walker Welford holds up one of the tourney-winners!
 We want to cover your next event! Please send our social maven and marketing queen a note with the deets and we will do our best to get there.
In case you missed us, click here for past issues!
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