Wednesday, September 7, 2011

CBRE, Voyles to oversee Perimeter Summit - Atlanta Business Chronicle:

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CB . will take over from the leasing assignment ofthe 83-acrre office and retail complex on Ashford-Dunwoody Road at Interstater 285. Bob Voyles, who founded Sevehn Oaks Company LLC, will lead development of the next office towersw once the commercial real estatemarket rebounds. Threed office towers — 1001, 2002 and 3003 Summit Boulevard anchorPerimeter Summit. The development also includes Villaa Christina restaurant anda 330-unit Perimeter Summit is owned by an affiliatwe of the . Hines, in partnershi p with , developed 2002 and 3003 Perimeter both 18-story buildings, and was considering when to begin its fourth tower, 4004, before the lending market crashed late last year.
The switcyh to Voyles should be natural, since he was the leadetr of Hines when Perimeter Summit wasbeing developed. Voylez left Hines to form Seven Oaks. Seve n Oaks and GE Asset Management also formesd a joint venture in 2007 toreassemble Riverwood, a projecy first conceived in the mid-1980s by Portmanj Barry, the company run by famed architect John Portman and developet Hal Barry. recently expanded its lease indowntownn Atlanta’s Centennial Tower. Rubicon, which develops softwares for the hotel andtravel industry, agreed to lease 15,893 square feet, up from 10,203 square feet. Last year, Atlanta-based Rubicon and EZYield.
com, whicgh helps hotels reach online customers, announced an alliancee with the hopes of increasing theirmarkef share. Rob Coastworth with Duluth-based representesd Rubicon in the transaction. Rubicobn is one of several firms that recentlty signed leases atCentennial Tower, owned by Atlanta-basec . Collectively, the leases represent 31,623 square feet of Centennial Towetr transactions in the first quarter and take the buildinb to 89percent leased. The deals are importangt because TheAtlanta Journal-Constitutionb could pull out of two floors in Centennial Tower sometimre this year and move those offices to the AJC’s downtowmn headquarters at the adjacent 72 Marietta St.
Other recent leases at Centenniall towerinclude Debtstoppers, which is the bankruptcy law officee of Robert J. Semrad Associates LLC; the ’z ; and the law practice of Daniel R. Meachuj & Associates LLC. Commercial Property Professionals (CPP) is growing. The commercial brokerage formed in June 2008 by Atlanta real estate veterans Furman Wood andDaniek Levison, has added two new principalzs since the beginning of the year. Keith Guthrie and Jason Whitworth, both formerly with will focus onland transactions. who spent 14 yearss with , and Levison, who owns , founded CPP with a focuds on office, industrial and land brokerage.
CPP also provides construction and propertymanagement services. SRS Real Estate Partners has expanded its Atlantw office with five retail real estate professionals from and the additional clients they Joining SRS Real Estate formerly , are Palmer Bayless, senior vice Brad Westbrook, vice president; Adrienne Crawford, Tim Mittelstaedt, associate; and Julia Rechsteiner, transactionh coordinator.

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