Big Pop for Parkway
3344 Peachtree.
If you're in Buckhead today, that popping sound you just heard is the cork coming out of the champagne bottle.
If all goes as planned, Parkway Properties will close on its $167.3 million acquisition of 3344 Peachtree from developer Regent Partners. Jones Lang LaSalle's Ralph Smalley and Chris Marshall represented Regent in the transaction with Parkway Properties Office Fund II. This close to the finish line, JLL executives declined to comment Wednesday.
Jackson, Miss.-based Parkway's new acquisition includes 484,000 square feet of Class-A office and retail space that's 93 percent leased. With the closing, the REIT will have nearly 2.3 million square feet of Atlanta office space in its portfolio, including Overlook II, One Capital City Plaza and Peachtree Dunwoody Pavilion. |
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Colliers Covering Both Sides of the Table
From left to right: Scott O'Halloran, Lee Evans, Brett Kingman and Jeff Kelley of Colliers International.
Colliers International's Atlanta office team has both sides of the table covered, with a tenant rep deal in Peachtree Corners and a big agency leasing win in Midtown.
Colliers' Jeff Kelley and Brett Kingman represented Molnlycke Health Care in its 26,000-square-foot extension at The Summit building at 5550 Peachtree Parkway. CB Richard Ellis' Eric Ross and Jackie Fraker represented ownership, AREA | Property Partners.
In Midtown, Colliers' Lee Evans and Scott O'Halloran won the assignment for 715 Peachtree St., a 10-story, 342,860-square-foot building that's soon to be vacated by Bank of America. The building offers 34,000-square-foot floorplates and 40,000 square feet of raised-floor data center space. An out-of-state, private investor owns the property.
Evans said they're not holding out for a 340,000-square-foot, single user for the property - though they would take it under the right circumstances - but aiming for three or four tenants to take significant blocks of space in the building. |
Another Broken Egg for Peachtree Battle
A look at the Peachtree Battle Shopping Center.
One of vacationing Atlantans favorite Gulf Coast breakfast/lunch spots is on its way to Peachtree Battle Shopping Center.
Amy Fingerhut of CB Richard Ellis represented Another Broken Egg Café in its lease for the former Bear Rock Café and Savor space at the popular Buckhead shopping center. Branch Properties owns Peachtree Battle Shopping Center and was represented internally by Senior VP Greg Hagen.
"We think it's going to be a great addition to Buckhead and this part of Atlanta," Fingerhut said.
Like a lot of locals, Fingerhut and her husband have been dining at Destin and Sandestin's Another Broken Eggs for years and knew that founder Ron Green, who started the original Another Broken Egg Café in Mandeville, La., wanted to expand to Atlanta. Fingerhut also is working with franchisees Dana and Mignon Percival on other metro Atlanta locations. The initial Atlanta location is slated to open late spring and serve breakfast, brunch and lunch. |
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When Swearing is Acceptable
2011 CCIM Officers and Board of Directors.
Rooster congratulates CCIM's 2011 officers, sworn in at a Tuesday night ceremony at Brookhaven's Capitol City Club. 2010 chapter President Kent Mason of First Industrial Realty Trust handed over the gavel to 2011 President Nance Donaldson of Grubb & Ellis. CCIM's 2011 officers also include Bill Butler, president elect; Bill Johnson, VP of education; Mason, now serving as VP of membership; Alon Price, VP of programs; Amy Curry, scholarship VP; Justin Dinerman, VP of sponsorship; and Jeff Pollock, VP of technology. CCIM's 2011 board of directors includes Bob White, Sim Doughtie, Paul Aase, Jim Camp, Jeff Dufresne, Dale Lewis, Chip Roach, Rick Tumlin and Mason Zimmerman. |
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It's Easy Being Green
Leesa Carter, Executive Director of the U.S. Green Building Council Georgia Chapter, and Tiffany Elston, LEED Green Associate of 3Degrees Inc.
Coming off a blizzard that left Atlanta covered in snow and ice for a week, it was nice to think green Tuesday with the U.S. Green Building Council's Green Scene get together at Aja in Buckhead. 3Degrees sponsored the event, which brought together those passionate about sustainability, green construction and design for an evening of networking. |
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Legal Coup for DLA Piper
The big just got bigger, as DLA Piper's Atlanta office has added a team of six lawyers from Epstein Becker & Green PC, including M. Maxine Hicks, who chaired her former firm's national real estate practice.
Joining Hicks at DLA Piper are J. Lindsay Stradley Jr., Constance P. Haywood, Daniel J. Sherman IV, Louis M. Oliverio and Ceasar C. Mitchell, who is president of the Atlanta City Council. Hicks also is a CPA, vice chair of ULI's Community Development Council and a ULI Atlanta District Council board member.
DLA Piper opened its Atlanta office in 2006. The global firm has 3,500 attorneys in 69 offices in 30 countries.
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