$36M Office Park Planned for Sandy Springs
A new $36 million Sandy Springs office park is getting under way — the biggest commercial real estate project the city has seen in several years and a likely harbinger of more development to come. Atlanta’s MidCity Real Estate Partners, led by founder Kirk Demetrops, is developing the seven-building project at Barfield Road and Hammond Drive…. Originally Published in the Atlanta Business Chronicle. Read More...
read moreCity Hall search shows challenge of building downtown
Sandy Springs City Council members in January asked the city staff to see if there is a better site for a future a City Hall than the property the city owns on Johnson Ferry Road. The two companies that submitted ideas said they faced a daunting task. MidCity Real Estate Partners principal Kirk Demetrops, whose proposal was rejected, said the process shows how difficult it will be for the city to turn a cluttered stretch of Roswell Road into a downtown… Originally Published in the Sandy Springs Reporter Read More...
read moreLaw Firm in talks for Terminus lease
Greenberg Traurig LLP is looking at Buckhead’s Terminus 200 office tower, where it could sign at least a 125,000-square-foot lease. Cousins Properties Inc., owner of the 25-story tower, has entered the early stages of negotiations with the law firm, a source familiar with the situation confirmed… Forum Development Group co-founder Ron Pfohl and The Griffin Cos. President Kirk Demetrops are launching their new firm, MidCity Real Estate Partners Inc. The partnership was forged as Atlanta building owners face pressure to restructure debt on many of their properties as the job market slows leasing and rents and values continue to fall. The situation is creating opportunities for firms like MidCity Real Estate Partners to buy buildings and developments that are struggling to lease up in the current market. Originally Published in the Atlanta Business Chronicle. Read More...
read moreReal estate vets aim to ‘reinvent’ properties
Forum Development Group co-founder Ron Pfohl and The Griffin Cos. President Kirk Demetrops are launching their new firm, MidCity Real Estate Partners Inc. The partnership was forged as Atlanta building owners face pressure to restructure debt on many of their properties as the job market slows leasing and rents and values continue to fall. The situation is creating opportunities for firms like MidCity Real Estate Partners to buy buildings and developments that are struggling to lease up in the current market. Originally Published in the Atlanta Business Chronicle. Read More...
read more