NEWS & NOTABLES

ATLANTA—Carroll Organization has been included in the 2017 CPE-MHN Ranking of the Top 50 Commercial and Multifamily Owners. Carroll Organization makes the list for the first time with a 42^nd ranking. The ranking is determined by a weighted formula based on a variety of factors including the total square footage and number of units owned, owned portfolio value, historic performance and participation in property sectors. The list represents a balance between firm growth and market share, as well as property diversity.

ATLANTA—Dean Saunders, owner/broker of Coldwell Banker Commercial Saunders Real Estate in Lakeland, FL, expanded services into Georgia. He recently acquired a Georgia real estate broker's license that enables him to represent buyers and sellers in the state of Georgia, offering a significantly increased value to his clients on both sides of the state line. CBCSRE also named Bryant Peace as the first sales associate to join the company that permanently resides in Georgia. Peace is a licensed CBCSRE sales associate specializing in hunting, ranch land, recreational, and agricultural property.

DEAL TRACKER

ATLANTA—Dalfen America Corp, or DAC, acquired three industrial buildings in Atlanta. With the acquisition of the Airport Commerce Center and The Bay Circle Business Center, DAC is pressing deeper into its last mile industrial real estate portfolio strategy in this strategic logistics market. Financial terms of the deal were not disclosed. “Atlanta has one of the highest population growth rate in the nation with over 6 million people,” Sean Dalfen, president of DAC, tells GlobeSt.com. “We intend to assemble a large foot print of top quality infill industrial properties across the MSA which caters to the increased demands of e-commerce.”

ATLANTA—A once-forgotten office building in Atlanta, 30 Tech Park has received an infusion of new life. Office tenants in the region are taking notice after new ownership completed a repositioning through major renovations. Capstone Logistics and ConstructConnect signed long term leases at the office property, taking 30,000 square feet and 38,000 square feet, respectively. CBRE's Peter McGuone, Heather Lamband Parker Nelson are marketing the building on behalf of the owner. Steve Farrar of Newburger-Andes represented Capstone. Eric Ramer of Icon Commercial represented ConstructConnect.

MEMPHIS—One Liberty Properties acquired, in a sale-leaseback transaction, a 224,749-square-foot distribution facility/corporate headquarters on 16.41 acres in Memphis for $8 million. The facility was renovated in 2014 and is net leased through 2027 to Dufresne Spencer Group Holdings, the largest licensee of Ashley Furniture Industries. The annual base rent during the initial year of the lease is approximately $573,000.

ATLANTA—CBRE Global Investors signed a full-floor lease at 7000 Central Park with the premium coworking office space provider Industrious. The 12-year, 28,000-square-foot deal marks Industrious' fifth location in Atlanta and first foray into the market's suburbs. Located on the 11th floor, Industrious will accommodate approximately 200 members, ranging from SMBs to the Fortune 500.

ATLANTA—Hunter Hotel Advisors represented the owners of the Hyatt Place New Orleans Convention Center in the sale of the 170-room hotel. Built in 1996, the hotel underwent an $8.8 million renovation to convert to a Hyatt Place, reopening in March 2012. A New York City-based private equity group purchased the hotel for $32 million. The new owner was attracted to the investment due to its in-place cash flow and its location in downtown New Orleans' Arts District, directly across from the Ernest N. Morial Convention Center. Teague Hunter, president of Hunter Hotel Advisors, handled the transaction.

MURFREESBORO, TN—JLL brokered the sale of Towne Centre, a power center in Murfreesboro, to Saint Louis-based Integris Ventures. Towne Centre is the 107,985-square-foot dominant power center serving southeastern Nashville's growing community of Murfreesboro. The best-in-class lineup of tenants include: TJ Maxx, Jo-Ann Fabrics, Party City, Pier 1 Imports, Dollar Tree, Toys 'R' Us/Babies “R” Us Lowes and Target. JLL managing director Margaret Caldwell and vice president Eric Spencer led the transaction for the seller, Elmsford, New York-based DLC Management Corp.

BUILDING BLOCKS

ACKWORTH, GA—Brickmont Assisted Living and Sage Equities, with the assistance of their capital advisor Patterson Real Estate Advisory Group, closed on construction financing with Credit Union Business Services to build Brickmont's third assisted living facility. Located in Acworth, Georgia, the newest facility expands Brickmont's programmatic approach to delivering high quality and thoughtful care for seniors at value pricing. The project is located on US Highway 41, West of Blue Springs Road in Acworth. Upon completion, the project will consist of 85 assisted living units and 35 memory care units, with an average layout of 447 square feet.