ATLANTA—Cushman & Wakefield promoted Lisa Pittman to lead the firm's Atlanta industrial tenant representation practice. Pittman joined CushWake in 2004 as a research associate, and has held several positions within the firm before becoming a full partner with Ray Stache. In addition to her new leadership responsibilities, Pittman and Stache will continue to assist national and international companies and institutions with all aspects of real estate requirements, including disposition of assets, site location and new-facility development. “Industrial real estate continues to grow more complex as end users determine how to optimize their network and supply chain,” says Pittman. “It is our intention to create an innovative and collaborative environment among the office and industrial tenant representation groups that allow us to better meet our clients' needs.”

ATLANTA—The Georgia Apartment Industry Education Foundation (GAIEF) recently welcomed educators from across the country, as well as industry colleagues from Great Britain, to spotlight careers in the multifamily housing industry. “The goal of the tour was to introduce these educators and practitioners to our industry and demonstrate that the multifamily industry offers a dynamic career path for people in diverse academic and technical disciplines,” says Dr. Debbie Phillips, president of GAIEF. “The best practices and key take-aways can now be shared with their students across the country.”

DEAL TRACKER

ATLANTA—Lincoln Property Company Southeast negotiated a new lease, a lease expansion and a lease renewal at Live Oak Square in Atlanta's prestigious Buckhead submarket. Michael Howell, Hunter Henritze and Caroline Cole of Lincoln represented the landlord. Live Oak Square is a 10-story, 200,000-square-foot class A office building. The building recently underwent a renovation to include an extensive exterior re-skin and interior modernization. Bartech Group will be expanding its lease by 2,352 square feet. Aaron Sommer of Newmark Grubb Knight Frank represented the tenant. Allen & McCain P.C. renewed its lease on 8,360 square feet. Wholesale Trading is new to the building, leasing 1,495 square feet. Michael Jones and Hugh Rader of Cresa represented the tenant.

ATLANTA—Woodbine Legacy Investments purchased W Atlanta-Buckhead. The 12-story, 291-room full-service hotel sits at the heart of Buckhead, a 13-million-square-foot mixed-used district that has been rated by Robb Report as one of the nation's “Top 10 Affluent Communities.” W Atlanta-Buckhead marks the second acquisition for WLI. Mark Elliott and Todd Ratliff of Hodges Ward Elliott served as the brokers for the transaction. Marriott International will continue to serve as the hotel's operator.

ATLANTA—Lincoln Property Company Southeast won the leasing assignment for the Gold Building in the busy Cumberland/Galleria submarket of Atlanta. Lincoln's Matt Fergus is leading leasing at the property. The Gold Building is a recently renovated office building in a dense business corridor full of amenities and a short drive from Cumberland Galleria, Windy Hill Athletic Club, The Battery and SunTrust Park. “With the new SunTrust Park baseball stadium and The Battery built, the Gold Building's location is more desirable than ever,” says Fergus. “Properties like the Gold Building that have been recently renovated and are in a prime location are perfect for businesses looking to embrace a vibrant environment.” The Gold Building is currently 91% leased.

GAINSVILLE, GA—HFF closed the sale of North Lake Square, a 140,000-square-foot new retail center in Gainesville, a northern Atlanta suburb. HFF marketed the property for the seller, GH Anderson & Co. VEREIT acquired the asset on behalf of Cole Real Estate Income Strategy (Daily NAV), Inc. Located at 1146 Dawsonville Highway in Gainesville, North Lake Square is a recently constructed power center next to Lake Lanier, one of Atlanta's top recreational centers attracting more than 7.5 million tourists a year. The retail property benefits from strong fundamentals, including high traffic counts exceeding 54,000 vehicles per day; a regional retail destination serving an extended trade area up to 30 miles; weighted average lease term of more than 10 years and the drawing power of multiple anchor tenants such as Burlington, Hobby Lobby, Five Below and HomeGoods.

Early this week in the Southeast, Georgia headlined the commercial real estate dealmaking. From musical chairs to significant hotel investments. the Peach State is seeing a swirl of activity.

BY THE NUMBERS

Overall cap rates for Dollar General, Family Dollar and Dollar Tree properties experienced an increase in cap rates of 10 basis points (Source: Boulder Group).

NEWS & NOTABLES

ATLANTA—Cushman & Wakefield promoted Lisa Pittman to lead the firm's Atlanta industrial tenant representation practice. Pittman joined CushWake in 2004 as a research associate, and has held several positions within the firm before becoming a full partner with Ray Stache. In addition to her new leadership responsibilities, Pittman and Stache will continue to assist national and international companies and institutions with all aspects of real estate requirements, including disposition of assets, site location and new-facility development. “Industrial real estate continues to grow more complex as end users determine how to optimize their network and supply chain,” says Pittman. “It is our intention to create an innovative and collaborative environment among the office and industrial tenant representation groups that allow us to better meet our clients' needs.”

ATLANTA—The Georgia Apartment Industry Education Foundation (GAIEF) recently welcomed educators from across the country, as well as industry colleagues from Great Britain, to spotlight careers in the multifamily housing industry. “The goal of the tour was to introduce these educators and practitioners to our industry and demonstrate that the multifamily industry offers a dynamic career path for people in diverse academic and technical disciplines,” says Dr. Debbie Phillips, president of GAIEF. “The best practices and key take-aways can now be shared with their students across the country.”

DEAL TRACKER

ATLANTA—Lincoln Property Company Southeast negotiated a new lease, a lease expansion and a lease renewal at Live Oak Square in Atlanta's prestigious Buckhead submarket. Michael Howell, Hunter Henritze and Caroline Cole of Lincoln represented the landlord. Live Oak Square is a 10-story, 200,000-square-foot class A office building. The building recently underwent a renovation to include an extensive exterior re-skin and interior modernization. Bartech Group will be expanding its lease by 2,352 square feet. Aaron Sommer of Newmark Grubb Knight Frank represented the tenant. Allen & McCain P.C. renewed its lease on 8,360 square feet. Wholesale Trading is new to the building, leasing 1,495 square feet. Michael Jones and Hugh Rader of Cresa represented the tenant.

ATLANTA—Woodbine Legacy Investments purchased W Atlanta-Buckhead. The 12-story, 291-room full-service hotel sits at the heart of Buckhead, a 13-million-square-foot mixed-used district that has been rated by Robb Report as one of the nation's “Top 10 Affluent Communities.” W Atlanta-Buckhead marks the second acquisition for WLI. Mark Elliott and Todd Ratliff of Hodges Ward Elliott served as the brokers for the transaction. Marriott International will continue to serve as the hotel's operator.

ATLANTA—Lincoln Property Company Southeast won the leasing assignment for the Gold Building in the busy Cumberland/Galleria submarket of Atlanta. Lincoln's Matt Fergus is leading leasing at the property. The Gold Building is a recently renovated office building in a dense business corridor full of amenities and a short drive from Cumberland Galleria, Windy Hill Athletic Club, The Battery and SunTrust Park. “With the new SunTrust Park baseball stadium and The Battery built, the Gold Building's location is more desirable than ever,” says Fergus. “Properties like the Gold Building that have been recently renovated and are in a prime location are perfect for businesses looking to embrace a vibrant environment.” The Gold Building is currently 91% leased.

GAINSVILLE, GA—HFF closed the sale of North Lake Square, a 140,000-square-foot new retail center in Gainesville, a northern Atlanta suburb. HFF marketed the property for the seller, GH Anderson & Co. VEREIT acquired the asset on behalf of Cole Real Estate Income Strategy (Daily NAV), Inc. Located at 1146 Dawsonville Highway in Gainesville, North Lake Square is a recently constructed power center next to Lake Lanier, one of Atlanta's top recreational centers attracting more than 7.5 million tourists a year. The retail property benefits from strong fundamentals, including high traffic counts exceeding 54,000 vehicles per day; a regional retail destination serving an extended trade area up to 30 miles; weighted average lease term of more than 10 years and the drawing power of multiple anchor tenants such as Burlington, Hobby Lobby, Five Below and HomeGoods.