Palisades Office Park Sold to Atlanta Property Group

Palisades

Atlanta Property Group is continuing to expand their Atlanta portfolio by purchasing the Palisades Office Park. Shorenstein Partners sold the four building, 637,000 SF complex to APG for about $95 million. With the addition of Palisades, Atlanta Property Group’s portfolio now includes 1.1 million SF of office space in the Central Perimeter submarket alone; they also own The Park at Perimeter Center East ...

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Another Airport West Building for Chick-Fil-A

majestic airport center w

Chick-Fil-A has entered a long-term lease agreement for Airport West Distribution Center’s newest addition, an 111,252 SF industrial building. The building is expected to deliver in January of this year, at which time Chick-Fil-A’s lease will commence. This lease further solidifies their status as anchor tenant for this complex, as the fast food chain now controls 221,449 SF of the ...

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Brookhaven Announced as Next MARTA TOD

MARTA brookhaven

Over the past year, transit-oriented developments have become a huge focal point for MARTA as well as developers looking for infill projects. The Avondale and Edgewood/Candler stations have already been selected for TODs, and MARTA has similar plans for five more stations. One of these stations is the Brookhaven/Oglethorpe station on Peachtree Road. MARTA has issued an RFQ for the ...

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Atlanta: 14 of 20 in High-Tech Job Growth

high tech

According to a recent study, the Atlanta market ranks 14th amongst the top 20 most active markets for tech industry job growth. Employment in the technology sector grew 15% between 2010 and 2011, and another 11% between 2011 and 2013. Venture capital investment in Atlanta has almost doubled since this time last year; last year, companies secured $262.8 million in ...

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KBS Closes on 171 17th St

171 17th II

A few weeks ago, we reported that KBS Real Estate Investment Trust II was under contract to purchase 171 17th Street from JP Morgan. The 21-story office tower was sold to KBS for $132.5 million, or $260 per square foot. This is almost $37 million less than JP Morgan paid for the asset when it was purchased from AIG in 2005. ...

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AirWatch to Expand, Add More Jobs

airwatch

AirWatch is gearing up for another expansion, according to company reps. The mobile security firm is in the middle of a $225,000 expansion at their current facility at 1425 Ellsworth Industrial Blvd, space that will probably be used to house some of the 400 people they are planning on adding in the coming year; that’s 400 on top of the 800 they’re already ...

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Fuqua Planning Development Across from Lindbergh MARTA Station

Lindbergh MARTA

Fuqua Development, one of the members of the team chosen to oversee the development of the new Braves stadium in Cobb County, will present their plans for a Kroger-anchored development across from the Lindbergh MARTA station to the Buckhead Neighborhood Planning Unit. The site in question sits where Piedmont Rd, Morosgo Drive, and Lindbergh Drive meet. If Fuqua’s plans are approved, they ...

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Belmont Hills: Back in Action

Belmont Hills

The recession derailed a lot of development plans when it took hold of Atlanta is 2008. Office, industrial, retail, and mixed-use plans were moved to the back burner as firms struggled to stay afloat, much less churn out new assets. But now that the Atlanta has confidently made its way out of the darkness, firms are beginning to refocus their attention on ...

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Medical Campus Planned in Cobb

northside hospital

In the battle of East Cobb outpatient care, Northside Hospital System has scored another point against Wellstar. The two hospital systems have been battling for outpatient market share over the past several years, opening large medical centers on each other’s “turf” and trying to “out-service” out another. Northside Hospital will open an outpatient campus at Johnson Ferry Rd and Olde Towne Parkway; ...

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