FeedRE
     Georgia

Ventyx, a business solutions and software provider, signed a lease for 55,257 square feet at 400 Perimeter Center in Atlanta, GA. The North Terraces is a 518,658-square-foot, Class A office building on 11.87 acres that was delivered in 1984. The property is in the Central Perimeter submarket. Caroline Nolen and Andy Sumlin of Barry Real Estate Cos. represented the landlord, Rubenstein Partners, LP.

Full article: Ventyx Signs Deal at 400 Perimeter Center ...

Tags: Atlanta, CoStar Group

Georgia Commerce Bank in Atlanta entered into purchase and assumption agreements with loss-share arrangements with the Federal Deposit Insurance Corp. to assume the deposits and certain assets of the two latest U.S. bank failures: CreekSide Bank and Patriot Bank of Georgia. CreekSide Bank is based in Woodstock with a branch in Acworth. Patriot Bank is based in Cumming, GA, in Forsyth County. As of June 30, Patriot Bank of Georgia had $150.8...

Full article: Two More Georgia Banks Fail ...

Tags: Atlanta, CoStar Group

North American Development Group purchased Edgewood Retail District at 1205-1280 Caroline St. NE in Atlanta, GA, from Bell Partners for $81.65 million or about $154 per square foot. The retail center totals more than 531,000 square feet in Decatur/East Atlanta Retail submarket. The complex is and is 99 percent occupied with major tenants such as Lowes, Best Buy, Kroger and a separately owned Target. The regional shopping center was built in 2005...

Full article: NADG Spends $82M on Atlanta Shopping Center ...

Tags: Atlanta, CoStar Group

Clarion Partners sold the three industrial facilities at Horizon Creek Distribution Center outside of Atlanta, GA, for $29 million, or about $60 per square foot. Lincoln Property Co. acquired the portfolio on behalf of Oregon State pension fund. Developed between 2005 and 2007, the buildings are at 475, 485 and 495 Horizon Drive in Suwanee and total 482,896 square feet. The properties are on 29.7 acres in the Duluth/Suwanee/Buford Industrial submarket...

Full article: Clarion Sells 3 Industrial Bldgs. in Suwanee for $29M ...

Tags: Atlanta, CoStar Group

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Follow me on Twitter for live news updates. GSA Acquires Site...

Full article: In The Pipeline: Construction and Development News for Sept. 4 – 10 ...

Tags: Atlanta, CoStar Group

This week's People of Note includes the following markets: Boston, Jacksonville/North Florida, Retail and San Francisco. SAN FRANCISCO Maushardt To Head Western Acquisitions for Wood Partners Wood Partners named Jane Maushardt as senior vice president of acquisitions for California, Colorado, Arizona and the Pacific Northwest. She will oversee the company’s apartment property purchases in the western U.S. Maushardt has more than two decades...

Full article: CoStar’s People of Note (Aug. 28-Sept. 3) ...

Tags: Atlanta, CoStar Group

Gregory Kendall and his commercial real estate consulting and valuation team joined Grubb & Ellis (NYSE: GBE) Landauer Valuation Advisory Services in Atlanta. As managing director, Kendall will concentrate on hospitality and leisure valuation and consulting. Also new to the group are appraiser Joseph Vegliacich, a former RERC assistant vice president, and associate appraiser Garrett New. “The team’s addition greatly expands Grubb & Ellis Landauer...

Full article: Kendall Joins Grubb Landauer as Managing Director ...

Tags: Atlanta, CoStar Group

HDR inked a new deal to move into 19,468 square feet at 1100 Peachtree St. NE in midtown Atlanta. The tenant is an Omaha, NE-based architectural, engineering and consulting firm that was founded in 1917. The company employs more than 7,800 professionals and has 185 locations worldwide. The 581,833-square-foot, Class A office property is a 28-story facility that was developed in 1990 on 2.86 acres in the Midtown/Pershing Point submarket. Glenn...

Full article: HDR Signs New Office Deal in Midtown ...

Tags: Atlanta, CoStar Group

Brian S. Munn was promoted to vice president at Marcus & Millichap in Atlanta. He specializes in retail property investment sales. Munn started his career at the company in 2004 right after graduating from Temple University in Pennsylvania with a degree in finance and marketing. "Brian has earned a reputation as one of the most knowledgeable investment specialists in the nation," said John M. Leonard, first vice president and regional manager...

Full article: Marcus & Millichap Taps Retail Specialist as VP ...

Tags: Atlanta, CoStar Group

CNC Investments, a Houston, TX-based firm, sold the Adelaide Park Apartments complex in Norcross, GA, to Audubon Communities Management for $6.5 million, or about $20,440 per square unit. Completed in 1972, the 318-unit, 323,096-square-foot multifamily is at 2445 Beaver Ruin Road. The property, which was 30 percent leased at the time of sale, will undergo a renovation. Paul Vetter and Andrew Mays of Marcus & Millichap represented both seller...

Full article: Houston Group Sells Adelaide Park Apts. for $6.5M ...

Tags: Atlanta, CoStar Group