ATLANTA—SRS Real Estate Partners formalized leadership in the Southeast for its investment properties group, which focuses on multi-tenant investment sales. Kyle Stonis, managing principal, and Pierce Mayson, principal, out of Atlanta will lead the multi-tenant investment sale activity, recruiting and expansion efforts in the region. Since re-igniting SRS' investment sale activity in the Southeast in 2011, the duo has completed over $1 billion in sales transactions across 15 states.

ATLANTA—Investing in a home near a college has some undeniable perks—rent prices are typically stable and there's always a new pool of tenants looking for rentals. Redfin narrowed down the most affordable college towns near schools that offer low tuition, a high-quality education and walkability. Redfin's methodology includes median list price for homes near the school, tuition cost and fees, the most recent U.S. News and World Report ranking and data from Walk Score, a Redfin company. Atlanta ranked first on the list, followed by Chapel Hill, NC.

DEAL TRACKER

SIMPSON, LA—The Boulder Group completed the sale of a single-tenant new construction Dollar General located at 7220 Highway-465 in Simpson, LA for $950,000. The 7,489-square-foot Dollar General building is located at the Intersection of Louisiana Highway-465 and Louisiana Highway-8, the primary thoroughfares in the trade area. Simpson is part of the Fort Polk South Metropolitan Statistical Area which has a population of approximately 90,000 people. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller in the transaction, a local Louisiana based developer. The purchaser was a West-coast private partnership. “New construction properties with long term leases to investment grade tenants with rental escalations are the most sought after net lease product,” says Blankstein, president of Boulder Group.

HARVEY, LA—KeyBank Real Estate Capital secured a $20.9 million CMBS, first mortgage loan for Centre at Westbank, a 174,445-square foot power center located in Harvey, LA. The Best Buy-anchored property was built in 2001 and is comprised of four buildings that are 100% occupied by 13 national and regional tenants including Barnes & Noble, Michael's and Petco, among others. Randy Martin of Key's Commercial Mortgage Group structured the nonrecourse loan with a 10-year term, three-year interest only period and 30-year amortization schedule. The financing was used to facilitate the acquisition of the property.

ATLANTA—Sandy Springs will soon welcome a new brewery, Pontoon, at Northridge Business Center. Pontoon will occupy 11,000 square feet and will serve as additional entertainment for the Central Perimeter and the new Braves stadium. CBRE's Wesley Budd and Chris Irby represented Pontoon in obtaining the prime space after visiting more than 20 site options. “Sandy Springs and the new Braves Stadium were important business drivers for Pontoon,” says Budd. “The proximity of Northridge Business Center will help Pontoon deliver exceptional outcomes to their customers, while becoming a major community attraction.”

BUILDING BLOCKS

ATLANTA— Beazer Homes has been named a 2017 ENERGY STAR Partner of the Year—Sustained Excellence Award winner for continued leadership in protecting our environment through superior energy efficiency achievements. Beazer Homes, an ENERGY STAR partner since 1998, will be honored for continued leadership in superior new home construction energy efficiency. In 2015 alone, ENERGY STAR and its partners saved American businesses and consumers 503 billion kilowatt hours and $34 billion dollars on their energy bills, while achieving broad emission reductions.

Early this week in the Southeast, Louisiana is shining brightly. Atlanta, though, still saw most of the action in the region's commercial real estate market.

BY THE NUMBERS

The Atlanta industrial market flourished during the first quarter 2017, posting 6.8 million square feet of net absorption, continuing a 23-quarter, positive streak, dating back to 2011. Leasing activity remained robust, nearing 4 million square feet during the first quarter. The Airport and Fulton Industrial submarkets posted the greatest amount of activity with 4.2 million square feet and 2.4 million square feet, respectively.

NEWS & NOTABLES

ATLANTA—SRS Real Estate Partners formalized leadership in the Southeast for its investment properties group, which focuses on multi-tenant investment sales. Kyle Stonis, managing principal, and Pierce Mayson, principal, out of Atlanta will lead the multi-tenant investment sale activity, recruiting and expansion efforts in the region. Since re-igniting SRS' investment sale activity in the Southeast in 2011, the duo has completed over $1 billion in sales transactions across 15 states.

ATLANTA—Investing in a home near a college has some undeniable perks—rent prices are typically stable and there's always a new pool of tenants looking for rentals. Redfin narrowed down the most affordable college towns near schools that offer low tuition, a high-quality education and walkability. Redfin's methodology includes median list price for homes near the school, tuition cost and fees, the most recent U.S. News and World Report ranking and data from Walk Score, a Redfin company. Atlanta ranked first on the list, followed by Chapel Hill, NC.

DEAL TRACKER

SIMPSON, LA—The Boulder Group completed the sale of a single-tenant new construction Dollar General located at 7220 Highway-465 in Simpson, LA for $950,000. The 7,489-square-foot Dollar General building is located at the Intersection of Louisiana Highway-465 and Louisiana Highway-8, the primary thoroughfares in the trade area. Simpson is part of the Fort Polk South Metropolitan Statistical Area which has a population of approximately 90,000 people. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller in the transaction, a local Louisiana based developer. The purchaser was a West-coast private partnership. “New construction properties with long term leases to investment grade tenants with rental escalations are the most sought after net lease product,” says Blankstein, president of Boulder Group.

HARVEY, LA—KeyBank Real Estate Capital secured a $20.9 million CMBS, first mortgage loan for Centre at Westbank, a 174,445-square foot power center located in Harvey, LA. The Best Buy-anchored property was built in 2001 and is comprised of four buildings that are 100% occupied by 13 national and regional tenants including Barnes & Noble, Michael's and Petco, among others. Randy Martin of Key's Commercial Mortgage Group structured the nonrecourse loan with a 10-year term, three-year interest only period and 30-year amortization schedule. The financing was used to facilitate the acquisition of the property.

ATLANTA—Sandy Springs will soon welcome a new brewery, Pontoon, at Northridge Business Center. Pontoon will occupy 11,000 square feet and will serve as additional entertainment for the Central Perimeter and the new Braves stadium. CBRE's Wesley Budd and Chris Irby represented Pontoon in obtaining the prime space after visiting more than 20 site options. “Sandy Springs and the new Braves Stadium were important business drivers for Pontoon,” says Budd. “The proximity of Northridge Business Center will help Pontoon deliver exceptional outcomes to their customers, while becoming a major community attraction.”

BUILDING BLOCKS

ATLANTA— Beazer Homes has been named a 2017 ENERGY STAR Partner of the Year—Sustained Excellence Award winner for continued leadership in protecting our environment through superior energy efficiency achievements. Beazer Homes, an ENERGY STAR partner since 1998, will be honored for continued leadership in superior new home construction energy efficiency. In 2015 alone, ENERGY STAR and its partners saved American businesses and consumers 503 billion kilowatt hours and $34 billion dollars on their energy bills, while achieving broad emission reductions.