Atlanta
Kinloch Partners to Double Its Atlanta Investments in 2014
Kinloch Partners LLC recently announced its intention to purchase lots in 14 subdivisions in Metro-Atlanta, all of them in developments where new construction has been lagging since the 2009 recession. The firm wishes to bring its total investment to nearly 200 new homes in 2014.
Meda Consumer Healthcare Signs 11KSF Sublease in the Cumberland Area
The Meda Consumer Healthcare division of Meda Pharmaceuticals Inc. recently signed a sublease with Schawk Inc. for 11,041 square feet of office space in a building located at 1100 Circle 75 Parkway NW, in Atlanta.
Vesta Solidifies Alpharetta Location as Eastern Region Hub
Cushman & Wakefield announced recently that it represented Portland, Ore.-based Vesta Corporation in a 36,556-square-foot long term lease. The seven-year contract at Brookside Concourse in Alpharetta replaces the electronic payment solutions provider’s previous sublease.
312-unit Grove Park Apartments Sold
PointOne Holdings recently acquired the 312-unit Grove Park Apartments community located in Metro Atlanta. The transaction is worth $12.75 million and marks the company’s sixth commercial acquisition in the past 1.5 years.
Buckhead Tower Earns LEED Gold Certification
Another Parmenter Realty Partners office building recently earned the LEED Gold Certification for Existing Buildings. The company’s array of LEED certified buildings broadened with Buckhead Tower at Lenox Square in January.
Oak Coast Buys Multifamily Asset in Duluth
Oak Coast Properties and Investors Management Group announced the acquisition of Promenade at Berkeley on January 14. Located in Duluth, Ga., the 492-unit apartment community was sold for $33.7 million by Northwoods Lake Partners LLC.
Kana Hotel Group to Manage Hilton Garden Inn Hotel in Lithia Springs
Kana Hotel Group has recently been awarded the management contract for Hilton Garden Inn Atlanta West / Lithia Springs.
FrontDoor Adds CopperLeaf Community in Cobb County
FrontDoor Communities further expands its presence in Georgia by building a new neighborhood in Cobb County. The new 24-unit community will be called CopperLeaf and will feature five floor plans, from 2,800 to 4,000 square feet.
South Atlanta’s first Staybridge Suites Hotel Opens
InterContinental Hotels Group announced the opening of their latest Staybridge Suites location in the Atlanta Metro Area. The company has previously launched seven Staybridge Suites hotels in the state, three of which are located in Metro Atlanta.
Connecture Signs 28.3 KSF Class-A Office Lease at 55 Allen Plaza
A full story will fill in at 55 Allen Plaza as Connecture Inc. signs an 11-year lease of 28,299 square feet of office space in the building that has reached an occupancy rate of 93 percent. Lincoln Property Company Southeast’s Tony Bartlett and Andy Sumlin of Cushman & Wakefield represented the landlord and Carla Williams and Jeff Samaras of Cushman & Wakefield spoke for the tenant in the transaction.