To make sure the rooster gets
through to your coop, please add
newsletter@roostermedia.com to your address book!
|
The Inside Scoop on the People & Places that Shape Atlanta Real Estate | |
|
|
|
And Then There Was One:
Systemax Narrows Focus
Weeks Robinson Properties' Jefferson Mill in Jackson County.
Systemax is closing in on a new deal in the northeast submarket for up to 600,000 square feet of distribution space.
Our sources indicate that a Systemax operating group - not the same one as Shawnee Ridge's tenant - has narrowed its focus to Weeks Robinson Properties' Jefferson Mill Business Park at I-85 at Georgia 129 (Exit 137) in Jackson County. Weeks Robinson developed a 459,134-square-foot spec building at Jefferson Mill and also has plans for Building F, an 838,938-square-foot distribution center at the 304-acre business park. Ray Stache's Cushman & Wakefield team represents Systemax, and Stache declined to comment.
"If it's coming to Georgia, it'll go to (Jefferson Mill), but who knows with all these damn deals these days," one source familiar with Systeamx's search told us. 
|
Bosbyshell finds Air2Web an Offer It Can't Refuse 
Ed Bosbyshell conveniently outside his own office and in front of Monarch tower - home to his newly inked deal.
Mobile-technology marketing firm Air2Web has inked a sublease at Buckhead's Monarch Tower, taking 14,000 square feet of Grubb & Ellis' space, which it will occupy this summer. Ed Bosbyshell of, of course, Ed Bosbyshell & Associates represented Air2Web in its move from Midtown's Promenade II. Air2Web examined alternatives in Midtown, West Midtown and Buckhead, and Monarch Tower's compelling terms, surrounding amenities and access to Georgia 400 sealed the deal, according to Bosbyshell. Grubb & Ellis's Sam Zelony represented his firm, which also leases and manages the property.
 |
|
Alphabet Soup: CRB Files DRI
for Massive Southside Development
Charlie Brown (left) and Scott Brown (right) of CRB Realty Associates.
CRB Realty Associates, the original masterdeveloper of Atlantic Station, filed a Development of Regional Impact (DRI) report late last month with the Georgia Department of Community Affairs for its Parkway South One development in Union City.
CRB is working with land owner Ornstein-Schuler Capital Partners, which bought the land all-cash, on design and development of Parkway South One and Stonewall Tell Corporate Center on South Fulton Parkway at Stonewall Tell Road. According to the DRI, anticipated uses of the 990-acre property include 2.2 million square feet of office, 2.5 million square feet of bulk distribution, 1 million square feet of business distribution, 300,000 square feet of flex space, 1,200 multifamily units, 150,000 square feet of "towncenter" development and 50,000 square feet for recreational use. The parcel is in the same South Fulton Opportunity Zone that helped Majestic Realty attract Kraft's big-box requirement and pharmaceuticals firm Dendreon to its Airport Center development last year.
Though the current financing and development climate is difficult, there's no better time to knock out permitting and regulatory requirements, CRB President Scott Brown said. Timing's also important given the number of big-box distribution users currently scouring metro Atlanta and the Southside. CRB has already discussed partnering with Southside industrial development's usual suspects on spec bulk development, Brown said.
"Obviously, it's not a great market, but if you're going to do a DRI, now's the time to do it," he said. "We saw a great opportunity there. It's unbelievable land."
|
A BOMAfied Good Time
From left to right: Barry Hawkins of Full Circle Restoration, Anna-Marie Parillo of Lincoln Property Company, Chantal Nieft of Lincoln Property Company, Ian Hughes of Jones Lang LaSalle, Teresa Carlisle of BPG Management Company and Orlando Ojeda of Full Circle Restoration.
Rooster joined industry professionals for a "BOMAfide" good time at last week's BOMA Bash at Pappasito's Cantina. There are few things a margarita can't fix.
|
The Cabin Bluff Dozen 
From left to right: Price Weaver of Colliers International, Bruce Logue and Laura Thigpen of Hodges Management and Leasing Company.
It's hard to go wrong with a long weekend at Cabin Bluff, where ING Clarion and Hodges Management and Leasing Company have treated brokers to four days of golf, fishing, skeet shooting and hunting for the past 12 years, One of our top Roosters was lucky enough to qualify this year and join the fun.
From
left to right: Marty Arnold of Colliers International, Chet Koenig of Hodges Management and Leasing Company and Tom Ellis of Atlanta South Commercial Properties.
Brokers qualify for the Cabin Bluff extravaganza by closing deals with terms of at least three years, in case you're wondering how to get in on next year's baker's dozen edition. It's spring break before spring break. |
|
 We want to cover your next event! Send our marketing staff a note with all the deets and we will do our best to be there.
In case you missed us, click here for past issues. | |
|
|
|
|
CONTACT EDITOR CONTACT ADVERTISING
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. |
|
|
|
|
