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 | |
|
|
Two for Two at Two Buckhead Plaza
 Left to right: Candice Flig, Sharon Altenbach and Sabrina Altenbach of Ben Carter Properties.
Ben Carter Properties'
leasing team of Sharon Altenbach, Candice Flig and Sabrina Altenbach
have closed two deals bringing the 192,985-square-foot Buckhead office
building to 97 percent leased.
The two transactions total
21,000 square feet and involve new tenants Self Storage Management LLC,
which was represented by Carter's Dale Lewis, and Retro Fitness, which
was represented by Julie Gardner of Katz & Associates.
Ben Carter Properties leases
the building on behalf of Stafford Plaza LLC.
|
Patillo Powers Up; Other Industrial Deals
Governor Sonny Purdue addresses the group at the groundbreaking.It's been quite a month for
Pattillo Industrial Real Estate, culminating in last week's ground
breaking on a 250,000-square-foot build-to-suit for Z.F. Wind's new
manufacturing facility at Gainesville Business Park. The groundbreaking
attracted Gov. Sonny Perdue, Lt. Gov. Casey Cagle and Ken Stewart, State Economic Development Commissioner.
Pattillo built Z.F.'s original
facility, which manufactures auto transmissions, in Gainesville in 1987,
and the new plant involves a $90 million investment and 200 new jobs
for production of wind energy transmission systems.
Late last month, Pattillo broke
ground on Marten Transport's new facility at Stone Mountain Industrial
Park, an expansion for the company that will create 250 new jobs. In
addition to Z.F. Wind's new development, Pattillo last week also debuted
Spectral Response's new high-tech manufacturing center at MacLeod
Park in Gwinnett County.
And, according to our sources,
Systemax has signed on for approximately 415,000 square feet at Weeks
Robinson Properties' Jefferson Mill Business Park at I-85 and
Georgia Highway 129 in Jackson County. Cushman & Wakefield
represents
Systemax, and executives there declined to comment.
Also in the Northeast
submarket,
IDI has leased 126,256 square feet at Hamilton Mill Business Center,
Building A, to Hettich America for the German kitchen-cabinet hardware
firm's distribution and North American headquarters. IDI's Lisa
Ward represented ownership, while Nathan Anderson of NAI Brannen Goddard
represented Hettich America.
On the southside, brokers and
developers are tracking at least 3 million square feet of new deals.
"It's been 18 to 24 months
since we've seen this kind of volume, but we still have a long way
to go," one Rooster source tells us.
|
Industrial Developer a Demanding
Office Tenant
 From left to right: Ferdinand Seefried of Seefried Properties, Jeff Mixson of Holder Properties and Greg Herren of Seefried Properties.Somewhere, buried in Seefried's
478-page lease document with Holder Properties, Greg Herren wanted to sneak
in language requiring Holder's Jeff Mixson to bring and serve him
lunch every Friday. Mixson, being the detail-oriented guy that he is,
didn't fall for it, but he did get the deal done, bringing Seefried's
headquarters to 7,000 square feet in Holder's 3333 Riverwood.
Seefried and its former
landlord
of 15 years began negotiating a renewal a year from the deal's
expiration
but couldn't come to an agreement. So, Herren called Mixson. They
sat down with their respective company's founders, Ferdinand Seefried
and John Holder, and hammered out a new lease at 3333 Riverwood in the
Galleria submarket. Given the highly formal nature of the relationship,
Herren and Mixson signed the final documents at a nearby Waffle House,
with Herren recognizing Mixson as "the finest REALTOR I've ever
been associated with."
"Are we the anchor tenant?"
Herren asked.
"In your mind, yes," Mixson
responded.
"When do we get signage on
the top?" Herren asked.
For its part, Holder has
created
a bit of a real estate boutique at 3333 Riverwood, with its headquarters
in the building as well as Seefried's and Southeast Capital Partner's.
Given Ferdinand Seefried's position as Honorary Consul General of
Austria, the building also serves as the local Austrian consulate.
"It's a great location
for real estate people and a consulate office," Seefried said.
Though industrial development
is down, Seefried has grown its third-party leasing and management
portfolio
from 9 million to 12.5 million square feet in the past three years while
maintaining and building relationships with European investors and
financial
institutions and their U.S. peers such as Cousins Properties, DCT
Industrial
Trust and USAA.
|
Keepin' it in the Short Grass
From left to right: Ben
Stafford of Pattillo Industrial Real Estate, Alan Clayton of Jones Lang LaSalle, Jay Padgett of Jones Lang LaSalle, Bob
Robers of Jones Lang LaSalle, Scott Polinski of Jones Lang LaSalle, Paul Roeser of Jones Lang LaSalle, John Drake of Pattillo Industrial Real Estate, and Chris Tomasulo of Jones Lang LaSalle.
Because a bad day on the golf course beats a good day in the office,
Pattillo Industrial Real Estate and Jones Lang LaSalle hit the links at
Druid Hills Country Club to talk shop, specifically Atlanta and
Southeast industrial real estate. With pinpoint accuracy, JLL's Alan
Clayton took both closest-to-the-pin prizes.
|
Centennial Celebration
Left to right: Ned Kandul of the Atlanta Commercial Board of Realtors, Dave Watson of
Grubb & Ellis and Ken Ashley of Cushman & Wakefield.
Think about real estate's role in Atlanta's growth and development
over the past century, and then join us in celebrating the origins of
the Atlanta Commercial Board of REALTORS, whose predecessor, the Atlanta
Real Estate Board, was founded in a downtown restaurant in 1910.
Rooster joined in the festivities Thursday night for the Atlanta REALTORS
Centennial Celebration in Sandy Springs.
|
|
 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. |
|
|
|
|
