Developers, 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 last summer. Meanwhile, half of the 90,000 square feet of office on tap for its planned Centennial Walk mixed-use development in Roswell will be of the for-sale variety, according to Griffin Senior Vice President Kirk Demetrops… Originally Published in the Atlanta Business Chronicle. Read More...
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 about the Central Perimeter, which has 26 million square feet of office space… Originally Published in the Atlanta Business Chronicle. Read More...
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 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… Originally Published in the Atlanta Business Chronicle. Read More...
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 Here
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 in place just before its incorporation, or perhaps create a community improvement district for the corridor… Originally Published in the Atlanta Business Chronicle. Read More...
read more