JULY 9, 2014
Atlanta Commercial Properties E-Newsletter

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KEURIG BUYS 584,678 SF PRODUCTION FACILITY IN METRO ATLANTA

Keurig plans to produce pods for its new cold beverage platform at the 584,678-square-foot production facility in Lithia Springs, Ga.

LITHIA SPRINGS, GA. -- Keurig Green Mountain Inc. has purchased a 584,678-square-foot production facility located at 7705 Staples Drive in Lithia Springs, roughly 17 miles west of Atlanta. Known for its single-serving coffee and tea brewing, Keurig will produce pods for its new Keurig Cold beverage platform at the property. Sean Boswell and Scott Plomgren of Colliers International represented the seller, CenterPoint Properties, in the transaction. The facility features 9,200 square feet of office space, 32-foot clear heights, 80 exterior docks, three drive-in doors, 196-space parking lot and 199 trailer positions.

 

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AWH PARTNERS BUYS FORMER HOTEL MELIA IN MIDTOWN ATLANTA


ATLANTA -- AWH Partners LLC has purchased the former Hotel Melia, a 501-room hotel in Atlanta's Midtown neighborhood, in an all-cash transaction. AWH will reposition the property into a dual-branded hotel, with both brands belonging to InterContinental Hotels Group (IHG). After the renovation is complete, the new property will include 360 Crowne Plaza rooms and 102 Staybridge Suites rooms. The dual hotel is scheduled to open in January 2016. Spire Hospitality will operate the two hotels under a franchise agreement with IHG. Upon completion, the 25-story property will feature 31,000 square feet of meeting space, three restaurants and two lobbies.


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HFF ARRANGES SALE, FINANCING OF METRO ATLANTA SHOPPING CENTER 
Lilburn Corners is 92.4 percent leased to tenants such as Publix,
H&R Block, The UPS Store, Snap Fitness and Marco's Pizza.

LILBURN, GA. -- HFF has closed the sale of and arranged acquisition financing for Lilburn Corners, a 105,161-square-foot Publix-anchored shopping center at 375 Rockbridge Road N.W. in Lilburn, a northeastern suburb of Atlanta. The asset is 92.4 percent leased to tenants such as H&R Block, The UPS Store, Snap Fitness and Marco's Pizza. BDB Realty LLC purchased the asset from Philips Edison & Co. for $11.2 million. Jim Hamilton and Richard Reid of HFF represented the seller in the transaction. HFF also arranged $8.6 million in acquisition financing on behalf of the buyer. Chip Sykes of HFF arranged the 10-year loan with a fixed interest rate through Jefferies LoanCore.

 

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VETERAN OFFICE PROPERTY TEAM JOINS MARCUS & MILLICHAP
Left to Right: Paul Johnson, Gary Lee, Robert Johnson,
Korey Prefontaine, Tanya Rader

ATLANTA -- Marcus & Millichap has hired a long-standing team of office and industrial property specialists to the firm's Atlanta office. The team is led by 35-year veteran Paul Johnson and includes Gary Lee, Robert Johnson, Korey Prefontaine and Tanya Rader. Paul Johnson, Robert Johnson and Lee will be senior directors of the firm's national office and industrial properties group, while Prefontaine joins the firm as a director and Rader as an analyst. In their new positions, the team will focus on office and industrial property investment sales on behalf of institutional and private investors. Prior to joining Marcus & Millichap, Paul Johnson, Lee and Robert Johnson served at JJL Capital Markets Group.

 

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WHEELER/BRAND ADDS THREE TO REGIONAL TEAM IN ATLANTA 

Left to Right: Rebecca Waters, Bre Wagner-Clagett, Tara Borysiak

ATLANTA -- Wheeler/Brand Management Company has added three leasing professionals to its regional team. Rebecca Waters joined the company as executive vice president of leasing. Additionally, Tara Borysiak and Bre Wagner-Clagett joined Wheeler/Brand as leasing representatives. In her new role, Waters is responsible for directing the firm's leasing team and overseeing all associated activities. Borysiak and Wagner-Clagett are responsible for leasing third-party retail assets throughout metro Atlanta and the southeast. Waters and Wagner-Clagett previous served at EDENS, and Borysiak joins from the company from Westplan.

 

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Upcoming Events
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LEEDv4 Green Associate Exam Prep
BOMA Atlanta is hosting an exam prep course for USGBC's new LEED Green Associate designation.
Thursday, July 10; 8:30am - 4:30pm
BOMA Georgia Conference Center
5901-C Peachtree Dunwoody Rd NE, Suite 300
Atlanta, GA 30328
Click here for more information.

  
New Member Orientation
BOMA Georgia's new member orientation explains the value and unlimited potential of being a BOMA member.
Wednesday, July 16; 10:00am - 11:30am
BOMA Georgia Conference Center
5901-C Peachtree Dunwoody Rd NE, Suite 300
Atlanta, GA 30328
Click here for more information.

  
Industrial SIG Meeting
BOMA Georgia - Join the Industrial Shared Interest Group (Industrial SIG) to learn about savings and incentives for industrial properties. Sponsored by SERVPRO of Decatur.
Thursday, July 17; 11:30am - 1:00pm
Whirlpool Facility
195 King Mill Road
McDonough, GA 30253
Click here for more information.

  
Budgeting & Accounting Accelerated
BOMA Atlanta is hosting a Budgeting & Accounting Accelerated course. Course is approved for 21 CEUs by the Georgia Real Estate Commission.
Wednesday-Friday, July 23-25; 8:30am - 5:00pm
BOMA Georgia Conference Center
5901-C Peachtree Dunwoody Rd NE, Suite 300
Atlanta, GA 30328
Click here for more information.

  
InterFace Seniors Housing Southeast
Seniors Housing Business and InterFace Conference are hosting the inaugural InterFace Seniors Housing Southeast conference.
Wednesday, August 20; 5:15pm - 7:15pm - Cocktail Reception
Thursday, August 21; 10:45am - 4:45pm - Conference
Westin Buckhead Atlanta
3391 Peachtree Road NE
Atlanta, GA 30326
Click here for more information.

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Atlanta Commercial Properties E-newsletter. ISSN 2154-2724.
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