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The Inside Scoop on the People & Places that Shape Atlanta Real Estate
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John Wieland Brings Art Collection to Chattahoochee Industrial
Price Muir taking a moment in his office to celebrate his recent closing in the Chattahoochee market.
Well-known residential developer John Wieland recently purchased 1641/1643 Chattahoochee
Avenue from Cornerstone Bank through his subsidiary SWW Storage, LLC at the end of September to store his well noted art collection. Wieland has served on the Board of Directors of the High Museum of Art since 1988, where he was Chair for three years. One
of only two property sales in 2009 for the Chattahoochee market,
Wieland's new space was purchased for $1.7 million, or $48 per square foot. The
other 2009 sale, a 40,000 square foot quasi-retail and warehouse
property, sold in January. Both deals were brokered on the seller's
side by Price Muir of Raulet Property Partners. Tim Holdroyd, of City Realty, represented the purchaser in the Wieland transaction. These sales are notable in that they have potentially reset the price for industrial space in the intown industrial
market.
Prior to Wieland purchase, CLS, Inc. bought the property
in 2007, for $71 per square foot as a
standard office/warehouse building. CLS then made extensive renovations to the building and used it for their furniture business, Mayo Wholesale Furniture. Due to the downturn in the economy, the business faced challenges and the loan eventually went into default. The building was then put on the market and developer John Wieland recognized the opportunity for an acquisition.
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Circle of Happy Hours
Annia Devereaux of Soaring Properties and Steve Paink of Matrix Capital Resources enjoying the Circle's Happy Hour.
Approximately 150 real estate professionals gathered at the rooftop deck of Hotel Palomar last Thursday evening for the Circle of Trust Happy Hour. The Rooster dropped in to find a great crowd mixed with developers, construction companies, management companies, insurance agents and third party providers. Even the high-spirited GSU students focused on real estate joined in the fun!
The Circle wins with up n' comers! Left to right: Ashley Wright, Georgia State University; Keith Mack, Regent Partners; and Whitney McCurd, Georgia State University.
The Circle's founder and official organizer, Keith Mack of Regent Partners, LLC, was thrilled with the sunset turnout. "I think that the Circle represents the
diversity that exists in Atlanta
real estate. I am thrilled that so many professionals have come together in
an informal setting at a great venue and have departed with valuable
connections, collaborations, and friendships. I am confident that 2010
will be a great year," Keith Mack told the Rooster. The next happy hour will be November 19th at Whiskey Blue in West Buckhead.
Left to right: Rex Hamre, Oikos Environmental; Austin McDonald, McDonald Development; Drew Levine, CoreNet Global; and Michael Anderson, CoreNet Global.
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The High Hosts Transwestern
Left to right: Philip Verre, COO, High Museum of Art; Kristie Abney, Transwestern; Scott Tausk, Transwestern Investment Company; and Josh Baine, Transwestern
Kristie Abney with Transwestern and Scott Tausk with Transwestern Investment Company hosted an intimate gathering at the High Museum of Art last week to celebrate "Leonardo da Vinci: The Hand of the Genius".
Philip Perry (left) and Erik Weiss (right) of Studley
Those on hand were treated to drinks and appetizers at Table 1280, then
were taken on a private guided tour of the High Museum's latest
exhibit. Approximately fifty of da Vinci's works were featured, some of which were on
view in the United States for the first time. Campanile Plaza is a sponsor of the
exhibit, and is a strong proponent of the area's dynamic arts and
cultural scene.
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Free Chicken Wins the Free Ad
We received so many great caption ideas for the funny picture above submitted by Gregg Metcalf. We took a vote and chose the winner (drum roll please!): "A free chicken for every signed lease by December 1!" submitted to us by Tom Parker of Scott & Associates, Inc. Now who could turn that down?
This great caption earned Scott & Associates, Inc. a free ad in an upcoming Rooster newsletter. Congrats!
Our voting responsibilities here are done; we encourage our readers to do the same in the polls today. It's Election Day, so get out and vote!
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