ATLANTA—Urban Land Institute Atlanta bestowed Jerome Cooper, principal, chairman of the board and co-founder of Atlanta-based design firm Cooper Carry, one of its highest honors: the 2017 Frank Carter Community Achievement award. “He's one of the godfathers of Atlanta architecture,” says Steven French, who serves as dean of the College of Design at Georgia Tech and presented Cooper with the award. “Jerry's visionary spirit and ability to download and manufacture several complex ideas into a process that creates world-class design is unmatched. We honor his accomplishments and congratulate him on a magnificent career.”

DEAL TRACKER

ATLANTA—Transwestern's Atlanta office was named exclusive leasing agent of Georgia-Pacific Center, an iconic class A tower located at 133 Peachtree Street. Transwestern director Greg Frankum will lead the seven-person team on the marketing and leasing of space in the office tower. In addition to recent upgrades to its common areas, many floors of the building are undergoing major renovations designed to create a modernized, open office environment and upgrade technology. Project improvements also include energy efficiency upgrades and infrastructure improvements that decrease the use of energy and water and improve efficiency. The project will make additional space available in the 1.2 million-square-foot building.

DULUTH, GA—HFF brokered the $9.75 million sale of Duluth Station Shopping Center, a 94,966-square-foot, Publix-anchored neighborhood shopping center in the Atlanta-area suburb of Duluth. The HFF team marketed the property for the seller, Forge Capital Partners. Slate Retail REIT purchased the asset. Located at 2750 Buford Highway, Duluth Station Shopping Center is on the “going home” side of a major four-lane artery that stretches through downtown Atlanta, which is 27 miles southwest of the property. More than 65,900 residents earning an average annual household income of approximately $96,765 live within a three-mile radius of the center. Duluth Station Shopping Center is 81% leased to a variety of tenants, including Publix, Kumon Math & Reading, Great Clips, H&R Block, St. Vincent de Paul, Panda Garden and Grand Tire. The HFF investment sales team representing the seller included senior managing directors Jim Hamilton and Richard Reid and associates Mike Allison and Brad Buchanan.

ATLANTA—Stein Investment Group sold three of its Space Shop Self Storage properties in metro Atlanta. Totaling more than 300,000 square feet, the Cumming, Marietta and Atlanta facilities sold for an undisclosed amount to Life Storage, LP on behalf of one of its joint venture partners. “Located in areas of high population growth with above-average income levels, these three self-storage assets are extremely well-positioned for continued success,” says Jeffrey L. Stein, founder and principal, Stein. “We fully capitalized on a supply and demand imbalance that existed – and still exists – within very specific submarkets.” Stein Investment acquired the 90,000-square foot Cumming storage property in 2015. Later that year, Stein added 13,000 square feet of storage space and then re-branded the property as Space Shop Cumming as part of a $2 million redevelopment.

ATLANTA—Lincoln Property Company Southeast negotiated a new lease and a lease expansion at Park Central office building in Atlanta's Chamblee/Doraville/North Druid Hills submarket. Hunter Henritze, Michael Howell and Caroline Cole of Lincoln represented the landlord. First Landmark Bank signed a new lease at Park Central for 10,884 square-feet in Suite 400. Everest Campus Services Companies, LLC renewed its current lease and expanded its space for a grand total of 15,711 square-feet in Suite 310 at Park Central.

BUILDING BLOCKS

NASHVILLE—Ridgeline Property Group, in partnership with USAA Real Estate Company, will develop a class A, 558,600-square-foot distribution/logistics facility called Park 840 East Building 100. RPG will develop the project on a 29-acre site located at the southeast corner of Central Pike and I-840 in Lebanon, TN, east of Nashville. RPG and USAA RealCo have retained CBRE's Steve Preston and Hayes McWilliams to market and lease the property. Construction will begin in the fourth 2017 and completion is scheduled for 2Q 2018. “The Southeast US has the highest population growth in the nation and Nashville is no exception. With the Nashville MSA population approaching 2 million people, that distribution market has continued to expand,” says Preston. “In addition, Nashville's connectivity to a large segment of the U.S. population and its location on the eastern edge of the Central time zone enables it to accommodate same-day and next-day deliveries—a feature that has become increasingly important to online customers and e-tailers.”