NEWS
Real 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...
read moreFuture looks uncertain for developer Griffin Co.
The Griffin Co., the Sandy Springs-based real estate development company, apparently is going through a potential reorganization at the least and could be dissolved, according to rumors on the street, after the unexpected death of founder Joel Griffin in late February. Among the rumors in the past week were that the company’s office was being closed, that there had been many layoffs and that Kirk Demetrops, who was named president of the company last...
read moreDeveloper Griffin dies at 62
A great visionary. Committed to his community. A true professional. An engaging, self-made man. A tremendous dreamer. Those were terms used to describe fifth-generation Atlantan and Sandy Springs civic and business leader Joel Justin Griffin, 62, who died of a heart attack at home Feb. 27. Griffin started Sandy Springs-based The Griffin Co. in 1975 to develop neighborhood shopping centers. In the early 1980s, the company pioneered office condominiums and developed six office condominium...
read moreShipping firm forwards city $20M gift: Its Headquarters
JAS Forwarding Worldwide has purchased a 6.34-acre site on Barfield Road in Sandy Springs from The Griffin Co. for the relocation of its North American and worldwide headquarters from College Park south of Atlanta. The site, which is part of the former Cosmopolitan North office complex, includes three buildings at 6165, 6195 and 6205 Barfield Road that will be renovated — including new exteriors, building systems and interiors — for the freight-forwarding company’s 90,000-square-foot...
read moreGriffin plans City Centre development
Sandy Springs native Joel Griffin’s development company, The Griffin Company, plans to build MainStreet Sandy Springs, the first major mixed-use residential/retail/office project on Roswell Road, in the heart of the area city officials have designated as the city’s Town Centre. The $75 million project, on a 5.24 –acre site in the 6000 block of Roswell Road that includes the Bank of America building, will include 75,000 square feet of professional office space, 50,000 square...
read moreDevelopers, users cozy up to condominiums
The benefits of owning their own buildings, combined with a lack of single-user facilities for sale, is driving demand for office, office/warehouse and (to a limited extent) retail condominiums among Atlanta-area businesses. Developers, meanwhile, often find working this niche of the property market more profitable in submarkets where, although occupancy is healthy, rents may be low… Farther north, The Griffin Co. sold out its 11,600-square-foot 50 Old Ivy office development in Buckhead upon completion...
read morePole Position
A recent run of good-sized deals and an improving vacancy picture have breathed new life into the once-moribund Central Perimeter office market. As a result, there’s more than one developer waiting for the right moment to start a new project — not necessarily wanting to build without an anchor tenant, but also not wanting to miss the boat altogether. The Griffin Co. Senior Vice President Kirk Demetrops said there is a lot of excitement...
read moreNew financing to fuel Songy Partners’ growth
Songy Partners has raised about $25 million in a private placement and isn’t nearly so “limited” anymore in either name or scope. In return for the proceeds, the Atlanta-based real estate investment company has sold a minority interest in the company and has changed its name from Songy Partners Ltd. to Songy Partners LLC… The Griffin Co. has sold both floors of 50 Old Ivy, its 11,600-square-foot boutique office condominium. Located at the intersection...
read moreGrinning at Griffin
The Griffin Co. has sold both floors of 50 Old Ivy, its 11,600-square-foot boutique office condominium. Located at the intersection of Old Ivy and Habersham roads near Piedmont Road, 50 Old Ivy is the final phase of a redevelopment that included the renovation of two neighboring buildings — 34 and 38 Old Ivy, each containing 6,210 square feet… Originally Published in the Atlanta Business Chronicle. Read More...
read moreSandy Springs eyes remake of Roswell Road
Just as the city of Atlanta wants to transform its signature Peachtree Street into a Southern version of Chicago’s Magnificent Mile or New York’s Fifth Avenue, the fledgling city of Sandy Springs is trying to make Roswell Road its Peachtree… Kirk Demetrops, senior vice president of longtime Sandy Springs developer The Griffin Co., said Roswell Road would benefit greatly if Sandy Springs could get Fulton to re-establish the tax allocation district that was put...
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