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The Inside Scoop on the People & Places that Shape Atlanta Real Estate | |
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Should They Stay or Should They Go?
A look at 3630 Peachtree.
The consumer products giant decided to stay in its big box. The global advertising firm is on the move to Buckhead and new 3630 Peachtree office space.
Proctor & Gamble wrapped up its lease at 7320 Oakley Industrial Road in Fairburn last week, renewing for approximately 400,000 square feet. Jones Lang LaSalle's Paul Roeser and Alan Clayton represented P&G, while building owner Exel was represented internally. Roeser, Clayton and the JLL industrial team have leased more than 1 million square feet on the southside in the past 18 months, representing clients such as Dendreon, Owens Corning and International Truck.
Duke Realty and Pope & Land are about to gain a two-floor office tenant at 3630 Peachtree. According to a number of sources, advertising firm J. Walter Thompson (JWT) is in the final stages of negotiations for two floors, or approximately 50,000 square feet, at the Buckhead mixed-use tower. Ryan Irvine and John Shlesinger at CB Richard Ellis represent JWT and were unavailable for comment, as were Duke and Pope & Land executives.
JWT occupies full floors at Two Ravinia and 10 Glenlake in the Central Perimeter and would consolidate into two floors at 3630 Peachtree, joining Mansell Group as a tenant at the 425,000-square-foot office/condo tower. 
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Schumacher Takes the Fork in the Road
Harold Shumacher, president of The Shumacher Group.
Harold Shumacher frequently quotes New York Yankee's legend Yogi Berra when he says, "When you come to a fork in the road, take it," which sums up Shumacher's life perfectly.
Shumacher's family fled Germany in the 1930s and settled in Michigan, where Harold was born after World War II. After graduating from Michigan State, Shumacher headed south to teach history at Booker T. Washington High School as Atlanta schools desegregated.
While in grad school at Georgia State in the early '70s, Shumacher started delivering papers and writing restaurant reviews for the Atlanta Gazette, a precursor to Creative Loafing whose offices where across the street from Harold's house. By the late '70s, Shumacher was a "painfully hip" restaurant critic for the AJC before starting a restaurant consulting and training company and, at the urging of Ackerman & Co. President Howard Arnold, becoming a broker. After four years at The Shopping Center Group, he started The Shumacher Group in 1991.
In nearly 20 years, Shumacher and partners Irving Jacobson and Steve Josovitz have built The Shumacher Group into a formidable full-service boutique restaurant and retail brokerage, completing about 50 leases and/or property transactions per year for clients such as Verizon, Bruster's, BB&T, Metrotainment Cafes (Hudson Grill and Garrison's), Varasano's Pizza and Golden Corral. The firm also is part of the Retail Brokers Network, a national consortium of independent retail and restaurant pros.
In Shumacher's 40 years in Atlanta, he's seen the city evolve from de facto segregation and limited offerings in retail and dining to a thriving, world-class metropolis where singles and families dine out three nights a week and explore every option imaginable, from chains populating the suburbs to Buford Highway's corridor of delicious Asian and Hispanic selections to nationally and internationally recognized chefs and fine dining possibilities like Kevin Rathbun's restaurants and Kevin Gillespie's Woodfire Grill.
"Atlanta's matured and is probably one of the most exciting restaurant cities in the country," Shumacher said. "The interest in food and restaurants is nearly universal."
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Out with Softball, In with Soccer
Left to right (back row): Eben Hardie of Solution Property Group, Walker Wellford of Taylor & Mathis, Andrew Murphy of Ackerman & Co., Will Lombard of Seefried Properties, Chris Irby of Colliers International, Josh Harrison of Pattillo Industrial Real Estate, Esmael Hill of Cushman & Wakefield; from left to right (front row): Ben Logue of Colliers International, Philip Wickstrom of Cushman & Wakefield, Ben Stafford of Pattillo Industrial Real Estate, John Drake of Pattillo Industrial Real Estate, Pierce Lancaster of Jamestown and Scott Hart.
Rooster hit the Atlanta Silverbacks Stadium last Thursday to check out the newest sports team in Atlanta CRE. Pattillo Futbol Club is comprised of industrial and office real estate professionals and plays in the Silverbacks League. In addition to the team pictured above, other players on the roster are Sean Moynihan of Newmark Knight Frank, Kevin Caille of NAI Brannen Goddard, Jamie Hargather of Wilson, Hull & Neal, Bilijack Bell of Wilson Hull & Neal, Ryan Hickey of Newmark Knight Frank, Jeff Mixson of Holder Properties and Greg Murphy. For now, the team remains undefeated, 2-0, with seven more games in the season. Go PFC!
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A Three Hour Tour
Ready to board the bus: Georgia State University's Real Estate Alumni Group at the Loews Hotel in Midtown.
Nick Monette, Communications Chair for the Georgia State University's Real Estate Alumni Group was kind enough to invite the Rooster to a great event last Thursday. With more than 50 in attendance, the REAG assembled at the Loews Hotel in Midtown for an evening hotel bus tour. The tour covered the W Hotel, Hotel Palomar and Loews. The evening included appetizers, signature drinks and mini tours at each location, and a solid networking opportunity for both the grads and the undergrads. We appreciate the invite and had a great time. See you at the next event!
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