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The Inside Scoop on the People & Places that Shape Atlanta Real Estate | |
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New Gig for Frankum, Spratlin & Spickard 
From left to right: Matt Spickard, Chandler Spratlin, Bruce Ford, Greg Frankum of Transwestern.
Greg Frankum, Chandler Spratlin and George Edwards lead this week's commercial real estate carousel of experienced executives with new jobs.
After leaving CB Richard Ellis a few weeks ago, Frankum has landed at Transwestern as director of agency leasing, along with Spratlin, who joins Transwestern from Colliers International and will lead Transwestern's office leasing and property management efforts in the Southeast. Matt Spickard also joined Transwestern from CB Richard Ellis. With Spickard and Frankum, Transwestern picks up listings for Cornerstone Real Estate Advisers' 1040 and 1050 Crown Pointe and Glenridge Highlands I office buildings.
For its part, CB Richard Ellis has added John Thornton, formerly of Colliers, to its office tenant rep team.
Over at Joel & Granot Real Estate, Edwards and Eric Carlton have joined the company as senior vice president and vice president, respectively. With more than three decades in the industry, Edwards joined Joel & Granot from his own firm, Geo. Edwards & Co., while Carlton joins Joel & Granot from Grubb & Ellis.
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Studley Finds JM Huber Room to Grow
Josh Hirsh (left) and Andy Lechter (right) of Studley.
Perhaps it's a good sign for the overall economy that conglomerate JM Huber considered future growth when signing on for 55,700 square feet at Cumberland Center II in a 15-year deal.
JM Huber is relocating subsidiaries Huber Engineered Materials and CP Kelco to Cumberland Center II from 1000 Parkwood in the Cumberland/Galleria submarket and was represented by Studley's Andy Lechter and Josh Hirsh. Jones Lang LaSalle's Jeff Bellamy represented ownership, Crocker Partners.
"It's a good time to be a tenant, and they were able to secure favorable terms in a building that can accommodate their anticipated growth for many years," Lechter said.
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Viva Barcelona
 The future home of Barcelona Wine Bar.
CBRE's Amy Fingerhut called finding the right location for Barcelona Wine Bar "pure serendipity," as the Connecticut-based restaurant group secured its first Atlanta location at 240 N. Highland Ave. NE along Inman Park's thriving - and delicious - restaurant row.
Fingerhut and Tony Cerniglia represented Barcelona Wine Bar as it leased the former Zaya space on North Highland. Steve Josovitz of The Shumacher Group represented Zaya.
After a complete overhaul of the restaurant's interior and patio, Barcelona's owners plan to open this fall and feature an extensive tapas menu as well as entrees. Also, it's only fitting that Barcelona Wine Bar is the largest restaurant-group importer of Spanish wines in the U.S., so, naturally, the bar is a central part of the restaurant.
Fingerhut is now working with Barcelona to secure other Atlanta locations, seeking restaurant space with the appropriate neighborhood vibe in areas like West Midtown, Decatur and Vinings. |
Deja Vu All Over Again
 Forrest Robinson of Weeks Robinson Properties.
Ray Weeks and Forrest Robinson have done this before, and it would be extremely foolish to bet against them doing it again.
In the late 1970s, Robinson went to work for Ray Weeks' father, Al, who passed away in 1983. Over the next 17 years, Ray and Forrest built an industrial development and investment firm, Weeks Corp., that acquired $750 million in property from 1992 to 1998, went public in 1994 and ultimately sold to Duke Realty in 1999.
Now, they're at it again. The two formed Weeks Robinson Properties in 2008 and have raised $68.5 million over the past year amidst a difficult economy. Bob Currie and Marty McFarland have joined the firm, adding to Weeks Robinsons' industrial brain trust, and the company also is a partner in redeveloping Fort Gillem, which officially closes in September 2011.
With the fund, Weeks Robinson plans to invest in industrial and flex properties across the Southeast and Texas, with 20 to 25 percent of the fund focused on build-to-suits and the remainder allocated for core-plus and value-added investment. As far as the moribund economy, Weeks and Robinson saw it as the perfect time to start an investment and development firm, even if the investment side of commercial real estate in general isn't shaking out as quickly as many anticipated.
"We're in no hurry," Robinson said. "We think the turnaround is going to be slow, so we don't feel any pressure to put the money out right away. We'll have to work really hard, but the opportunities are out there."
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CoreNet Sizzles
 Left to right: Diana Simaan of Baker Barrios, Anna Ford of Jones Lang LaSalle, John Hanna of
Hardin Construction and Darlene Hawksley of McPherson Implementing.
Last Thursday was perhaps the hottest day of the year and provided a great opportunity to enjoy the Terraces' (relatively) new HVAC system while networking with CoreNet Global's Atlanta chapter. Terraces owner Rubenstein Partners and its Barry Real Estate Cos. and Cushman & Wakefield leasing team hosted the event. Next month, CoreNet's Atlanta chapter brings the knowledge with its 2010 Education Forum, Thursday, August 12, at the JW Marriott in Buckhead.
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