ATLANTA-Strategic Partners, an arm of CB Richard Ellis Investors of Los Angeles, bought the 20-story, 442,930 office/retail asset from Overseas Partners Capital. The seller bought the 13-year-old building in 1995 for $62 million or $139.97 per sf.
ATLANTA-The California telecommunications-related firm is taking 43,126 sf for five years at Chattahoochee Corners where it previously leased 16,000 sf.
ATLANTA-North American Properties plans to build a $72 million, 710,000-sf power center on 78 acres in East Point near Hartsfield Atlanta International Airport.
ATLANTA-The tenant's additional space of 16,177-sf on the 40-month lease gives the billing and collection outsourcing service a total 41,883 sf in the 50,492-sf building in Duluth, a Northeast Metro District.
ATLANTA-The locally-based telecommunications company will wire several buildings for high-speed data, voice and video services. The first building will be Windward Point 200 in north Atlanta.
ATLANTA-The company plans to analyze genetic information. Georgia companies Encina Technology Ventures, Imlay Investments Inc. and Intelligent Systems jointly provided first-round funding of $1.5 million for the biotech effort. NuTec signed a deal with Emory Healthcare to use some of its genetic technology in standard medical practice.
ATLANTA-The 135,000-sf outlet is in the Chamblee area on a site that for years was occupied by Frito-Lay Inc. The estimated construction cost is $14 million.
ATLANTA-Intown neighborhoods, in the throes of regentrification, are getting a dose of multifamily housing and offices. At least 806 shelter units are being proposed for Grant Park and East Atlanta, two of the city's older intown neighborhoods.