ATLANTA—The Atlanta Apartment Association launched its new “Going Green” initiative to raise awareness of the environmental benefits of apartment living, and to recognize sustainability efforts of its members and associate members. “Fortunately, people are overwhelmingly supportive of protecting our environment. And, we think it's important to let our members, their residents and the public know how green apartment living is,” says Christie Eash, senior vice president AMLI Residential Properties and chair of AAA. “Living in an apartment leaves a smaller carbon footprint than living in a single-family home, and we want to spread that message.” Going forward, AAA will outline various ways that apartment living contributes to sustainability. AAA leaders will highlight how members have adopted best practices for energy efficiency, reducing water waste, and encouraging recycling.

DEAL TRACKER

ATLANTA—NAI Brannen Goddard facilitated the $5 Million sale of Perimeter Park Business Center located at 2337 and 2358 Perimeter Park Drive in Atlanta. Managing director David Beak, represented the buyer, Gamma Exchange, in the transaction. SDM Perimeter Park was the seller. Perimeter Park Business Center is located at 2337 and 2358 Perimeter Park Drive just off Interstate 285 at Exit 31. The center contains two office/flex buildings totaling 52,784 square feet.

HELEN, GA—Marcus & Millichap brokered the sale of Quality Inn, a 36-room hospitality property, located in Helen. The asset sold for $1.725 million. David M. Greenberg, senior managing director Investments, Robert S. Hunter, first vice president Investments, McLean Hicklin, associate, and David J. Altman, senior associate, all located in Marcus & Millichap's Fort Lauderdale office, represented the seller, a private investor. “This is one of the smallest room count Quality Inn's in the system, it's also exterior corridor making it a very narrow buyer pool. The hotel is also located in a small, seasonal exclusively tourism based market,” says Hicklin. “The category that this property falls into doesn't usually get a lot of attention. We were successful, so imagine what we can do with others.”

BUFORD, GA—Colliers International's Atlanta-based Industrial Investment Services Group closed on the $6.3 million sale of 1520 Broadmoor Boulevard, an 83,961-square-foot multi-tenant warehouse building. The facility is 100% leased and located near Interstate 985, and it also includes a development pad site that can accommodate an additional building over 100,000 square feet. Dennis Mitchell, Matt Wirth and Doug Tyler of Colliers represented the seller in the transaction. EastGroup Properties was the buyer.

ALPHARETTA, GA—NAI Brannen Goddard facilitated the $5 million sale of Windward Forest II located at 350 North Point Parkway in Alpharetta. NAI Brannen Goddard Managing Director, David Beak, represented the buyer, Delta Exchange in the transaction. SDM Windward Forest was the seller. Windward Forest II is located just off GA 400 between Exits 10 & 11 at 950 North Point Parkway, Alpharetta, GA 30005. The single-story building totals 34,715 square feet with abundant parking, quality landscaping and a superb location. Located 1.4 miles from Avalon and GA 400, with close proximity to restaurants and hotels.

BUILDING BLOCKS

ATLANTA—For the second consecutive year, the Assembly Community Improvement District (CID) has received the second largest grant from the State Road and Tollway Authority (SRTA) through the Georgia Transportation Infrastructure Bank (GTIB). With this funding, the Assembly CID can continue work on its public infrastructure projects at Assembly, the former General Motors plant in Doraville, GA. Assembly CID was awarded $1.5 million in this round of funding. The Assembly CID also recently issued in excess of $53 million of bonds through a private placement. It was implemented through collaboration with the City of Doraville, Doraville Development Authority, DeKalb County and Integral. The bond transaction was executed by Dallas-based Preston Hollow Capital and will also help fund public infrastructure at the 165-acre development.

Early this week in the Southeast, Georgia submarkets won some nods. Of course, Atlanta represented strong on the commercial real estate front.

BY THE NUMBERS

After placing fifth last year, Atlanta has claimed the No. 3 spot on the fourth annual Green Building Adoption Index. Fifty-five percent of Atlanta's office space is green certified, and the market's buildings performed especially well in Energy Star, with 24.4% of all buildings labeled, the second highest market total in the study, behind only Manhattan and nearly double the national average. (Source: CBRE and Maastricht University)

NEWS & NOTABLES

ATLANTA—The Atlanta Apartment Association launched its new “Going Green” initiative to raise awareness of the environmental benefits of apartment living, and to recognize sustainability efforts of its members and associate members. “Fortunately, people are overwhelmingly supportive of protecting our environment. And, we think it's important to let our members, their residents and the public know how green apartment living is,” says Christie Eash, senior vice president AMLI Residential Properties and chair of AAA. “Living in an apartment leaves a smaller carbon footprint than living in a single-family home, and we want to spread that message.” Going forward, AAA will outline various ways that apartment living contributes to sustainability. AAA leaders will highlight how members have adopted best practices for energy efficiency, reducing water waste, and encouraging recycling.

DEAL TRACKER

ATLANTA—NAI Brannen Goddard facilitated the $5 Million sale of Perimeter Park Business Center located at 2337 and 2358 Perimeter Park Drive in Atlanta. Managing director David Beak, represented the buyer, Gamma Exchange, in the transaction. SDM Perimeter Park was the seller. Perimeter Park Business Center is located at 2337 and 2358 Perimeter Park Drive just off Interstate 285 at Exit 31. The center contains two office/flex buildings totaling 52,784 square feet.

HELEN, GA—Marcus & Millichap brokered the sale of Quality Inn, a 36-room hospitality property, located in Helen. The asset sold for $1.725 million. David M. Greenberg, senior managing director Investments, Robert S. Hunter, first vice president Investments, McLean Hicklin, associate, and David J. Altman, senior associate, all located in Marcus & Millichap's Fort Lauderdale office, represented the seller, a private investor. “This is one of the smallest room count Quality Inn's in the system, it's also exterior corridor making it a very narrow buyer pool. The hotel is also located in a small, seasonal exclusively tourism based market,” says Hicklin. “The category that this property falls into doesn't usually get a lot of attention. We were successful, so imagine what we can do with others.”

BUFORD, GA—Colliers International's Atlanta-based Industrial Investment Services Group closed on the $6.3 million sale of 1520 Broadmoor Boulevard, an 83,961-square-foot multi-tenant warehouse building. The facility is 100% leased and located near Interstate 985, and it also includes a development pad site that can accommodate an additional building over 100,000 square feet. Dennis Mitchell, Matt Wirth and Doug Tyler of Colliers represented the seller in the transaction. EastGroup Properties was the buyer.

ALPHARETTA, GA—NAI Brannen Goddard facilitated the $5 million sale of Windward Forest II located at 350 North Point Parkway in Alpharetta. NAI Brannen Goddard Managing Director, David Beak, represented the buyer, Delta Exchange in the transaction. SDM Windward Forest was the seller. Windward Forest II is located just off GA 400 between Exits 10 & 11 at 950 North Point Parkway, Alpharetta, GA 30005. The single-story building totals 34,715 square feet with abundant parking, quality landscaping and a superb location. Located 1.4 miles from Avalon and GA 400, with close proximity to restaurants and hotels.

BUILDING BLOCKS

ATLANTA—For the second consecutive year, the Assembly Community Improvement District (CID) has received the second largest grant from the State Road and Tollway Authority (SRTA) through the Georgia Transportation Infrastructure Bank (GTIB). With this funding, the Assembly CID can continue work on its public infrastructure projects at Assembly, the former General Motors plant in Doraville, GA. Assembly CID was awarded $1.5 million in this round of funding. The Assembly CID also recently issued in excess of $53 million of bonds through a private placement. It was implemented through collaboration with the City of Doraville, Doraville Development Authority, DeKalb County and Integral. The bond transaction was executed by Dallas-based Preston Hollow Capital and will also help fund public infrastructure at the 165-acre development.