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One Hartsfield Centre Hits the Market

One Hartsfield Centre Hits the Market

By Georgiana Mihaila, Associate Editor The 150,000-square-foot, Class A office building overlooking the north end of Hartsfield-Jackson Atlanta International Airport is now up for grabs. Leading commercial real estate services provider Cassidy Turley has already commenced marketing efforts. The sales team for One Hartsfield Centre consists of Gary Lee, managing…

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PREI Buys Ten Peachtree Place, Plans to Achieve LEED Silver for the Property

PREI Buys Ten Peachtree Place, Plans to Achieve LEED Silver for the Property

By Georgiana Mihaila, Associate Editor Prudential Real Estate Investors has recently acquired midtown Atlanta’s Ten Peachtree Place, a fully leased, 20-story, Class A office tower. Acting on behalf of a German institutional advisor, Prudential Real Estate Investors—the real estate investment management and advisory business of Prudential Financial, Inc.—has bought the…

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Duke Realty Tapped to Build New Kuehne + Nagel Southeastern Headquarters

Duke Realty Tapped to Build New Kuehne + Nagel Southeastern Headquarters

By Georgiana Mihaila, Associate Editor Global logistics service provider Kuehne + Nagel, Inc.—a unit of Swiss-based Kuehne + Nagel AG—has signed a built-to-suit lease with Duke Realty for its new southeastern headquarters. Wes Hardy, vice president leasing, represented Duke Realty in the transaction. Kuehne + Nagel, Inc. was represented by…

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MAA Buys 230-Unit Buckhead Apartment Community

MAA Buys 230-Unit Buckhead Apartment Community

By Georgiana Mihaila, Associate Editor Memphis, Tenn.-based MAA, an apartment-only real estate investment trust, recently added the 230-unit Allure in Buckhead Village community to its portfolio of over 49,000 apartment units spread throughout the Sunbelt region of the U.S. While the company is currently selling several of its Atlanta-area assets…

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Novare Plans New Luxury Apartment Community in Midtown

Novare Plans New Luxury Apartment Community in Midtown

By Georgiana Mihaila, Associate Editor Novare Group’s Viewpoint condo tower will most likely get a new neighbor, as the developer has recently drafted plans for a new 23-story luxury high-rise apartment community on the northwest corner of 6th and Juniper streets. Novare has pitched its plans for 100 6th Street…

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Lincoln Property Brokers 215,000 Sq Ft of Office Leases for Equity Office

Lincoln Property Brokers 215,000 Sq Ft of Office Leases for Equity Office

By Georgiana Mihaila, Associate Editor Lincoln Property Company Southeast, working on behalf of Equity Office, has brokered 215,000 square feet of leases in the North Fulton area during the first quarter of 2012. Equity Office had awarded Lincoln Property Company Southeast the contract to manage 3.3 million square feet and…

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NAP Wins Approval for $600M Avalon Development

NAP Wins Approval for $600M Avalon Development

By Georgiana Mihaila, Associate Editor The Southeast is one step closer to its first “experience center”—a place where high-end retail, restaurant, residential, office, hotel, and public spaces come together in order to create a unique destination. North American Properties has received key approvals to move forward with its $600 million Avalon…

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Occupancy Up at Cousins Properties’ Promenade II

Occupancy Up at Cousins Properties’ Promenade II

By Georgiana Mihaila, Associate Editor According to a recent announcement, Cousins Properties has managed to considerably boost occupancy of its Promenade II office tower by signing Norfolk Southern as its newest tenant and renewing Tvsdesign’s existing lease. Norfolk Southern will be taking 37,000 square feet out of the total of 774,000,…

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Luxury Mariposa Lofts Community Sells for $40M

Luxury Mariposa Lofts Community Sells for $40M

By Georgiana Mihaila, Associate Editor The luxury multifamily community Mariposa Lofts was recently purchased by Inwood Holdings for $40 million, according to the Atlanta Business Chronicle. The 253-unit multifamily community, set in a central location two miles east of downtown Atlanta, was acquired by the current seller—Behringer Harvard Multifamily REIT I—in September 2009.…

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NAP to Develop $35M Luxury Apartment Community on Newly Acquired Land

NAP to Develop $35M Luxury Apartment Community on Newly Acquired Land

By Georgiana Mihaila, Associate Editor North American Properties has recently acquired 3.7 acres in Atlanta’s Old Fourth Ward neighborhood with plans of developing its first ground-up multifamily property in Atlanta since the company shifted focus from retail to mixed-use and multifamily. [...]…

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Renaissance Waverly Part of $262M Portfolio Sold to Inland

Renaissance Waverly Part of $262M Portfolio Sold to Inland

By Georgiana Mihaila, Associate Editor DiamondRock Hospitality Company has completed the previously announced sale of a three-hotel portfolio to Inland American for $262.5 million. The 521-room Atlanta Renaissance Waverly hotel was part of the deal, along with Austin’s 492-room Renaissance and [...]…

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Lincoln Property Southeast Awarded Leasing Contracts for Four Metro Atlanta Properties

Lincoln Property Southeast Awarded Leasing Contracts for Four Metro Atlanta Properties

By Georgiana Mihaila, Associate Editor Atlanta-based OA Development—a company that has acquired 400,000 square feet of commercial real estate property over the last 13 months—has awarded leasing assignments for four of its metro Atlanta office properties to Lincoln Property Company Southeast. Lincoln Property [...]…

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