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New Home Offices Jim Ellis Chevrolet ATLANTA BUSINESS CHRONICLE www.atlantabusinesschronicle.com August 5-11, 2011 • Page 13A PHOTOS/SPECIAL Buckhead Pointe: A major makeover for an aging shopping center in a prime location. A new $750,000 Buckhead face-lift Buckhead shopping center at Piedmont Buonanotte, who lives in Buckhead, and Roswell roads, one of the district’s drove by the shopping center for years. A most prominent intersections, is about He thought its location at the conver- to get a significant makeover. gence of busy Roswell, Piedmont and For Frank Buonanotte, founder and Habersham roads and the affluent chairman emeritus of The Shopping Buckhead neighborhoods gave it poten- Center Group LLC, the project is one he tial to be so much more than an aging had his eye on for years. Buonanotte is strip mall. part of a partnership called RHP Partners Buonanotte wanted to see a renovation, RUBENSTEIN PARTNERS LLC, which includes Stein Investment and he believed Buckhead residents felt is pleased to announce Group founder and principal Jeff Stein. the same way. the following transaction at The Terraces Together, the partnership will inject The work begins Sept. 1 and will include $750,000 into improvements at the nearly painting and resurfacing the entire struc- 1-acre shopping center. ture, updated signs, new canopies, NTERPRISES NC The transaction, which closed May 5, does lighting and landscaping. AFC E , I . not include the Carriage House Cleaners. It will be re-branded Buckhead Pointe. consulting firm will take the entire 14th The North Terraces – 56,370 square feet floor in the 28-story building at Peachtree Lessee represented by Alan Joel & Dan Granot and 10th streets. Owner Jamestown Joel & Granot Real Estate Properties inked Gensler through 2023 and improved the building’s occupancy to 87 percent. Jamestown has filled almost all WWW ERRACES ERIMETER ENTER COM of the former space of law firm Nelson .T P C . Mullins Riley & Scarborough LLP. For leasing information, please call 770.350.1000 “Gensler is exactly the type of tenant we want, one with an international presence that has an energetic, creative workforce,” said Jamestown Managing Director Matt Bronfman. “I think this truly reflects the Midtown story, where you have a creative THAT’S DEALING. At one time, 31 class of companies drawn to the arts, the vacant car dealerships across metro park, the growth of [Savannah College of Atlanta underscored the economic and Art and Design]. I think this also speaks real estate downturns. to what we have tried to accomplish at Today, after two years of marketing the the building.” sites, only 10 remain available, and some Gensler, currently housed at 101 Serving the Southeast from our are under contract. Marietta St., will relocate in December. “I think it reflects that things are getting Jamestown has carried out several better overall,” said Nelson Kramer, improvements to 999 Peachtree, including director of the Southeast region for creating an outdoor terrace at The CB Richard Ellis Inc.’s Automotive Peachtree Club. The success of restaurant Dealership Services Group. Empire State South, which opened in That group, which 2010, has also given 999 Peachtree a boost. also includes Bruce Gensler was represented in negotiations Lanehart, has sold by a team from Cushman & Wakefield about a dozen of those of Georgia Inc., including Addison area dealerships. Meriwether and John O’Neill. Cousins Buyers have Properties Inc., which handles leasing on included high-end behalf of Jamestown, was represented by used car dealerships, David Shope. such as those around Kramer CB Richard Ellis Inc. Gwinnett Place. Other AGL RENEWAL. AGL Resources Inc. sites were redeveloped, will renew its lease and take the entire including a Snellville 20-story Ten Peachtree Place building dealership for Academy Sports. in Midtown. Kramer sees more encouraging signs. The 260,000-square-foot lease is one of The Peachtree Industrial corridor near the year’s largest and eliminates a big Interstate 285, once dotted with vacant target for Midtown building owners who dealerships, has become a tight market courted AGL (NYSE: AGL). It signed a again. One site, 5900 Peachtree Industrial 15-year deal. Blvd., is now operating as the new home of The company was represented by new home offices Jim Ellis Chevrolet. Cushman & Wakefield’s Ian Henderson We’re excited to announce our new headquarters in Alpharetta, CB Richard Ellis, once almost totally and John Izard. Ten Peachtree Place is Georgia. Our new office, at 13560 Morris Road, Alpharetta focused on marketing such sites, is now owned by a partnership between Cousins provides us with a modern facility to better serve our clients. adjusting its focus to include repre- Properties Inc. and The Coca-Cola Co. senting potential buyers. Cousins represented the partnership. It While our address may have changed, “We’re in the early stage of this cycle, has been a strong year for Cushman & our commitment to our clients remains but buyers are certainly showing much Wakefield and Henderson, who also the same. With our full portfolio of greater interest in these properties than helped negotiate the Alston & Bird LLP insurance and financial services prod- a few years ago,” Kramer said. deal at One Atlantic Center and McKenna ucts, we put our experience and financial Long & Aldridge LLP at SunTrust Plaza. strength to work for our clients to help A MIDTOWN STORY. Gensler is them achieve financial security. relocating from downtown Atlanta to If you have news for Real Estate Notes, Midtown’s 999 Peachtree Street building. contact Douglas Sams at (404) 249-1055 www.cottonstates.com The global architecture, planning and or at [email protected]. 0611-562HO.
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