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Developers Form Repositioning Partnership

ATLANTA-MidCity Real Estate foresees acquisition opportunities over the next three years.

By Carl Cronan | Updated on October 14, 2009

ATLANTA-Two local developers have formed MidCity Real Estate Partners with plans to develop, acquire and reposition commercial properties throughout the Southeast. The firm is already building a 90,000-square-foot headquarters for JAS Forwarding Worldwide, a freight distributor, on Barfield Road in the Central Perimeter submarket with delivery scheduled by the third quarter of 2010.

MidCity was formed through a merger of Forum Development Group and the Griffin Co., with Forum co-founder Ron Pfohl and Griffin president Kirk Demetrops serving as principals of the new firm. Griffin closed in June, four months after the death of founder and owner Joel Griffin, after more than 30 years in business.

“MidCity strongly believes the next three years will present buying opportunities not seen for 20 years,” Pfohl says. The new company will focus on retail, office and mixed-use properties in targeted submarkets.

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