MidCity buys former Crawford HQ
MidCity Real Estate Partners is expanding its presence in the metro region’s largest and most active office submarket. MidCity has acquired the former Crawford & Co. building at the Perimeter and Georgia 400 for $3.1 million, or $36 a square foot. The building has been vacant since Crawford & Co. relocated in 2007. MidCity plans to completely restore the 85,000-square-foot former headquarters. Additional investment could exceed $7 million… Originally Published in the Atlanta Business Chronicle. Read More...
read more2010 in Sandy Springs: parks, bridges, a new ceremony
The property was supposed to go to the dogs. Vines and bamboo covered the 27 acres on the edge of Bull Sluice Lake. Nobody thought much about the land in an out-of-the-way spot at the end of beat-up Morgan Falls Road. City officials figured it would be a good place for residents to exercise their pets… A group of property owners in downtown Sandy Springs formed a new group intended to develop a common vision for the city’s commercial center. Mimms Enterprises CEO Lonnie Mimms Jr., who helped pull the group together, said the organization hoped to make the area more than a speed bump on the commute from homes in Cobb County to jobs in the medical district nicknamed Pill Hill. “How do you take it back from commuter traffic?” Mimms asked. “There obviously is no easy answer, or it would have been done.” On Sept. 7, the organization, which included developers such as Kirk Demetrops and Jan Saperstein, presented its plan to the city officials. Mayor Eva Galambos hailed the presentation as “the beginning of a new world.”… Originally Published in the Sandy Springs Reporter 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...
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