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Metro Atlanta Successfully Attracting Corporate Expansions and Relocations

Metro Atlanta Successfully Attracting Corporate Expansions and Relocations

Recent leases and expansions stand as clear proof of the increasing attractiveness of the metro Atlanta area for both national and foreign companies. Outsourcing giant Infosys has recently disclosed an expansion strategy for its Cumberland location in Cobb County that involves adding approximately 200 new jobs in the next fiscal…

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Lincoln Property Co. Tapped to Lease 332 K SF Metro Atlanta Portfolio

Lincoln Property Co. Tapped to Lease 332 K SF Metro Atlanta Portfolio

By Georgiana Mihaila, Associate Editor OA Development—an Atlanta-based company that specializes in the acquisition, development, management and brokering of commercial properties—has awarded leasing assignments for an additional 332,000 square feet of space to Lincoln Property Company Southeast. The assignments include the three-building Peachtree Corners Technology Center, in Norcross, Ga., which…

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Transwestern to Lease Platinum Tower; Parmenter Scores Two TOBY Awards

Transwestern to Lease Platinum Tower; Parmenter Scores Two TOBY Awards

Beacon Investment Properties has recently named Transwestern’s Atlanta office as the exclusive leasing agent for its 312,500-square-foot Platinum Tower. This new leasing project is a significant addition to Transwestern’s leasing and property management portfolio, totaling more than 32 million square feet of commercial properties managed out of the Atlanta office.…

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Construction Underway at @1377, Hines’ First Atlanta Apartment Project

Construction Underway at @1377, Hines’ First Atlanta Apartment Project

A new luxury apartment complex currently underway in Brookhaven, developed by international real estate firm Hines's Multifamily Division, will add 215 units to the desirable neighborhood. Dubbed @1377, the multifamily community will take shape on Dresden Drive, only a short walk from some of Atlanta's best home-grown restaurants and bars.…

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Duke Realty Closes Multiple Industrial Leases in Northeast Atlanta

Duke Realty Closes Multiple Industrial Leases in Northeast Atlanta

In what seems to be a thriving week for Duke Realty’s Atlanta office, four companies have signed leases totaling 365,180 square feet at business parks in the northeast submarket of Atlanta.…

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NAP Breaks Ground on $600M Avalon Mixed-Use Development in Alpharetta

NAP Breaks Ground on $600M Avalon Mixed-Use Development in Alpharetta

Nine months after the ambitious Avalon mixed-use development finally got the approval of the Alpharetta City Council, developer North American Properties is now one step closer to deliver what it fondly calls “the Southeast’s preeminent experiential development”.…

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Palisades Office Park’s Green Efforts Rewarded with LEED Gold Certification

Palisades Office Park’s Green Efforts Rewarded with LEED Gold Certification

Palisades Office Park, Shorenstein Properties’ Class A complex located in Atlanta’s dynamic Central Perimeter, has recently received LEED certification at the Gold level, Existing Building Operations and Maintenance (EBOM). LEED for Existing Buildings: Operations & Maintenance addresses energy efficiency, whole-building cleaning and maintenance issues (including chemical use), recycling programs, exterior…

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Undisclosed Buyer Pays $293M for Metro Atlanta’s Largest Hotel

Undisclosed Buyer Pays $293M for Metro Atlanta’s Largest Hotel

The 1,663-room Atlanta Marriot Marquis has recently traded owners, but no investor has yet claimed responsibility for the $293 million acquisition. Seller Host Hotels & Resorts announced that the sale went through on January 11, but has been reluctant to provide extra information.…

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Retrofitted Kennesaw Facility to Serve as Novelis’ New Global R&D Center

Retrofitted Kennesaw Facility to Serve as Novelis’ New Global R&D Center

Rolled aluminum and aluminum can recycling giant Novelis prides itself with a new 160,000-square-foot Global Research & Technology Center in Kennesaw. The facility, located merely 25 miles from the company’s corporate headquarters in Atlanta, previously served as office and warehouse space for a chemical manufacturer.…

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Crescent Ready to Kick-Start $67M Luxury Development in Buckhead

Crescent Ready to Kick-Start $67M Luxury Development in Buckhead

Following the purchase of a three-acre site within Cousins Properties’ Terminus development, Crescent Resources, LLC is now set to begin construction on the $67 million Circle Terminus community. “This site has all the ingredients for a very successful luxury apartment community,” said Ben Collins, regional director for Crescent Resources.…

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CNL Affiliates Seek to Invest in Metro Atlanta Senior Housing

CNL Affiliates Seek to Invest in Metro Atlanta Senior Housing

Two different branches of CNL Financial Group have shown interest in senior housing development in the Atlanta metro area. CNL Healthcare Trust plans on investing $21 million in the development of Dogwood Forest of Acworth, a senior housing community planned for Acworth, Ga., about 30 miles northwest of Atlanta.…

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Dual-Branded Hilton Opens in Midtown; Imperial Hotel Renovation Eyes LEED Gold Certification

Dual-Branded Hilton Opens in Midtown; Imperial Hotel Renovation Eyes LEED Gold Certification

Midtown Atlanta is now home to Georgia’s first dual-branded hotel, as Hilton Worldwide has recently celebrated the opening of its newest hotel, Hilton Garden Inn® and Homewood Suites by Hilton.…

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