IC a Good Deal

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December 8, 2009

The Inside Scoop on the People & Places that Shape Atlanta Real Estate

Vice President of NAI Brannen Goddard Brad Pope.

NAI Brannen Goddard's Vice President Brad Pope recently represented ICx Tactical Platforms in a corporate consolidation and expansion out of two facilities in Forest Park.

ICx Tactical is relocating to Shiloh 400, a joint development between Cobalt Capital Partners and Crescent Resources located in The Meadows off of McFarland Road. Pat Murphy of CB Richard Ellis represented Cobalt Capital Partners.

Through Bob Pertierra, Vice President of Supply Chain Development with the Metro Atlanta Chamber, ICx Tactical was able to utilize a number of resources that facilitated this relocation, including consultation on facilities layout and design as well as capturing available incentives.

"We worked with ICx Tacticial Platforms to connect with critical resources they needed to grow their business," said Bob Pertierra. "Their location is ideal due to the availability of high quality engineering talent that will help them with the assembly, production and R&D of their security units."

NAIOP Award Winners "Persevere" Through a Tough Market

Left to right: NAIOP's 2010 President, Phillip Hight of MDH Partners with Fielder Shurling of Regent Partners and Robert Turner of The Brookdale Group.

NAIOP held its 21st Annual Awards Program at the InterContinental Buckhead Hotel on December 3rd. Keynote speaker Wes Durham, Voice of the Atlanta Falcons and Georgia Tech, explained why the core of success for every business is the same as every sports team. "Both require perseverance and loyalty for success," he simply stated.

Left to right: Cater Carlton and Cindy Rooker with Jack Rooker of Rooker & Associates.

The NAIOP Officers of 2010 were officially announced at the ceremony. Phillip Hight of MDH Partners will be presiding and Bill Hollett of Eola Capital will be the 2010 President Elect.

Award winners include Thomson Reuters, (Associate Firm of the Year), Tishman Speyer, (Office Development Firm of the Year), and Highwoods Properties (Industrial Development Firm of the Year). Jack Rooker of Rooker and Associates won the elite Carter/Mathis Award. Congratulations!

A Need for Speed

A look at the Fountain Oaks Shopping Center in Buckhead.

Forrest Speed of Colliers Spectrum Cauble helped
close a $12 million loan for a 160,000 square-foot Kroger-anchored shopping center in the Buckhead submarket. Fountain Oaks Shopping Center, located on Roswell Road, is owned by a German investment group. Sources told the Rooster that Speed worked with the owner and lender to close the non-recourse loan just 37 days after application acceptance with a stepped prepayment feature. The 22-year-old property, which underwent a major renovation in 2003, is 86% leased.

"Despite a challenging underwriting environment for retail and other commercial development, Fountain Oaks' good history and fundamentals proved attractive to this lender," said Speed, vice president and principal of Colliers Spectrum Cauble. "Despite economic conditions, many life insurance company lenders are still in the market for transactions involving high-quality properties. They still have a need to place mortgage investments in the four main property types."

Cheers to Recovery!

Left to right: SIOR leaders Kent Mason of First Industrial Realty Trust, Wit Truitt of CB Richard Ellis, Ken Ashley of Cushman & Wakefield, Brett Chambless of Chambless Partners and Sim Doughtie of King Realty.

The Society of Industrial and Office REALTORS (SIOR) held its annual holiday party at the Capital City Club in Brookhaven last Wednesday evening and invited the Rooster to share in the holiday cheer.

Anne-Marie Miller of Manulife Financial (left) and Leslie Fink of First Industrial Trust (right).

SIOR President Ken Ashley gave an uplifting speech about the likelihood of improving market conditions in 2010 and toasted the group with "Cheers to recovery!". Cheers to that!

Left to right: Ben Stafford of Pattillo Construction, Brent Weitnauer of CB Richard Ellis, Walker Wellford of Taylor & Mathis, John Downing of McDonald Development and Tom Crowe of Hodges Management and Leasing Company.

Party of 27 on the 29th Floor

Just a few of the beautiful ladies of Atlanta's commercial real estate industry!

Sonia Winfield of Carter invited the Rooster last Thursday to the 29th Floor of Sovereign in Buckhead for a fun ladies-only party. Overlooking Buckhead, sipping wine and indulging in a spirited white elephant gift exchange is certainly a fun way to kick off the holidays. Thanks to all the ladies for the invitation!

We want to cover your next event! Send our marketing staff a note with all the deets and we will try our best to be there.

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