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                                                                                                                                            November 10, 2009

The Inside Scoop on the People & Places that Shape Atlanta Real Estate
Cummings Cooks Up an Early Thanksgiving Meal
Chris Cummings3910 Lakefield Drive
Colliers' Chris Cummings and SoFo's new North Atlanta home at 3910 Lakefield Drive in Suwanee.

Colliers Spectrum Cauble's Industrial Services Group has assisted Sofo Foods in its acquisition of an 114,412 square foot distribution center in Suwanee, and GreenLine Foods in its lease of 64,030 square feet of industrial space in College Park.

Ohio-based Sofo recently purchased the Suwanee building, which sits on 13 acres, for $2.9 million as part of its food distribution business expansion into the Atlanta market.  Chris Cummings, Elizabeth McSweeney and Bill Buist of Colliers Spectrum Cauble represented the Purchaser, while Colliers Spectrum Cauble's Mike Spears and Ryan Sawyer represented the Seller in the transaction.

"Overall market conditions created the opportunity to acquire a logistics property at a low cost basis and retrofit it to meet Sofo's freezer/cooler needs," said Chris Cummings of Colliers Industrial Services Group.

At 4280 Stacks Road in College Park, Colliers signed up GreenLine Foods with a new space including 17,509 square feet of freezer space and 11,346 square feet of cooler space for its fresh-trimmed green beans. Art Murray of Lavista Partners represented the Purchaser and Chris Cummings of Colliers represented the Seller in the South Atlanta transaction.
 
"This property was well positioned to benefit from the food industry's growing demand for freezer and cooler space," said Cummings. "Across the board, tenants have a great opportunity to optimize supply chains and slash costs in the current market."

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One "In-Spiring" Announcement
Lisa Simmons and Steve Wiebel
Steve Weibel, President (left) and Lisa Simmons, Director of Sales and Marketing (right) of Community One Associates at Spire in Midtown. 

Community One Associates announced that it was awarded the management and front desk concierge services at Spire, one of Atlanta's signature high rise condominiums located in the heart of  Midtown at 860 Peachtree Street.   Community One assumed management of the Residential and Master Condominium Associations from Novare Management, a subsidiary of Novare, which developed the 29 story mixed-use tower.

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YCR Tours Buckhead
YCR Bus Tour
Left to right:  Justin Cimino, panelist Tom Miller of Grubb & Ellis and Leigh Smith of CBRE before the panel discussion for the tour.

The Rooster caught up with ACBR's Young Council of REALTORS, last Thursday for the "Mega Projects of Buckhead" Bus Tour, which started at 3630 Peachtree Road with boxed lunches and a panel discussion about recent Buckhead development.

Tom Miller of Grubb & Ellis, David Tennery of Regent Partners, Coleman Morris of Colliers Spectrum Cauble and John Schlesinger of CB Richard Ellis served as the panelists, speaking about various projects in the Buckhead Community included in the YCR bus tour.
 
YCR Bus Tour
Kennedy Hines (left) and Andi May (right) of CB Richard Ellis just before lunch.

The bus route included stops at four new mixed use towers, 3630 Peachtree, Two Alliance Center, Phipps Tower, SOVEREIGN, and Lenox Mall.  Doug Eidson of the Eidson Group and Bill Weghorst of PM Realty Group served as the bus moderators for the tour.  The bus stopped at each development to highlight the history of the site, construction details and other building specific information.  Those in attendance earned three hours towards Continuing Education requirements for the Georgia Real Estate Commission.

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Buckets of Happiness
YCR Happy Hour
Left to right:  Griff Sims of City Commercial Real Estate, Robin Hook of Structor Group, John Wilson of Terminus Realty Advisors and Kara Boots of Alpharetta EMC.

The YCR bus tour ended where it started, at 3630 Peachtree Road, and exhausted bus riders hit The Bucket Shop Cafe for Happy Hour to celebrate  their hard-earned education requirements.

YCR Happy Hour
Left to right:  Alex Deicth of Colliers, Ashley Gosse of Holder Properties, Mary Elise Carter of Bryant and Lane Koplon of Lane Koplon Co.

Filling up the the back of the cafe with buckets of beer on every table, everyone had a great time closing up a busy day in Buckhead!
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Development Authority Hosts Golf Tournament at Hawks Ridge
Developers Day Golf Tourney
From left to right:  Jason Whitworth, Rachel Condon and William Wood of Commercial Property Professionals having fun before hitting the course. 

The Cherokee County Development Authority hosted the Developers Day Golf Tournament yesterday at Hawks Ridge Golf Club in Ball Ground for about 115 real estate professionals and a small, friendly beagle mascot.

Developer Day Beagle!
Hawks Ridge has a new mascot, an unnamed beagle who lives off the 17th hole and who is not allowed to hunt roosters.

The tournament concluded with a presentation of various real estate projects in Cherokee County including developments of TPA Realty Services and Majestic Realty Company.

Developers Day Golf Tourney
From left to right:  Craig Viergever of Bryant Commercial, Chris Brown of Duke Weeks and Carr Carothers of Majectic Realty warming up for the tourney.
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Rooster Hits Downtown Atlanta
Downtown Atlanta
The heart of our city:  downtown Atlanta.

Catch the Rooster this morning at the Seventh Annual Downtown Development DayCentral Atlanta Progress, in partnership with CREW Atlanta, is hosting this great networking event designed to educate real estate professionals on the progress of our city during the past year and the future plans of Downtown's revitalization project.  Details of this great event will follow in Thursday's edition!

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The Real Estate Rooster is an online newsletter directed at the real estate industry in Metropolitan Atlanta. You have received this newsletter through your affiliation with the real estate industry. If you have received this newsletter in error or would like to unsubscribe, please follow the link below. The content of this newsletter is independently developed by Rooster Media, LLC and is not directed by the advertisers whose names and ads appear herein. All of the content in this newsletter is the sole and exclusive property of Rooster Media, LLC. © 2009.