City Center Approved by Alpharetta
ALPHARETTA, Ga. – In a 5-2 vote, the Alpharetta City Council approved plans for a new mixed-use City Center. With a packed council chambers, the developer, MidCity Real Estate Partners, pitched their $80 million plan May 18. The team has worked on similar projects such as the Woodstock downtown. The development includes retail and restaurants on the ground floors of the buildings in front of City Hall, with offices and apartments on the upper floors. Plans call for 165 for-rent apartments in the development. In total, there could be as much as 50,000 square feet of retail and 30,000 square feet of office in addition to the apartments. Forty-two single-family homes are also planned for the development, across Haynes Bridge Road at the intersection with Thompson Street. This Article Originally Ran in the Alpharetta-Roswell Revue & News For More Information, Please Click...
read moreFOCUS Brands to Lease Entire MidCity Plaza For New Headquarters
ATLANTA – FOCUS Brands Inc. has leased MidCity Plaza, a Class A, 63,000-square-foot office building located at I-285 and GA 400 in Atlanta. MidCity Real Estate Partners purchased the property, located at 5620 Glenridge Drive, in mid-2013. The property was completely converted to Class A standards over the course of a nearly two-year process. FOCUS Brands is the parent company of Cinnabon, Auntie Anne’s, Moe’s Southwest Grill, McAlister’s Deli, Schlostzsky’s Bakery and Cafe and Carvel brands. This Article Originally Ran in Southeast Real Estate Business Online For More, Please Click...
read moreDemetrops snags FOCUS HQ
This represents a huge win for MidCity Real Estate Partners’ Kirk Demetrops. Kirk’s firm purchased the building for a little more than $3M from a lender in 2013 and put the facility through a $7M renovation (which we profiled here). The building is situated on a mixed-use parcel that includes the Windsor at Glenridge, a 168-unit apartment complex by Wood Partners, as well as a string of restaurants, such as Blue Moon Pizza, Taziki’s and Sushi Nami. This Article Originally Ran on Bisnow For More, please click...
read moreFOCUS Brands Moving HQ to Perimeter
The building is the former home of Crawford & CO. (NYSE: CRDa). MidCity Real Estate Partners bought the property at 5620 Glenridge Dr. in mid-2013, and converted it to Class A space over two years. The building also is part of a mixed-use development that includes the Windsor at Glenridge, 168 luxury apartments developed by Wood Partners and restaurants Blue Moon Pizza, Taziki’s, Firehouse Subs, Qdoba and Sushi Nami. This Article Originally Appeared in the Atlanta Business Chronicle For More Information, Please Click...
read moreFOCUS Brands to lease entire MidCity Plaza for New Headquarters
Class A Building at I-285 and GA 400 completely restored by MidCity Real Estate Partners; long-term lease just secured for FOCUS Brands new Corporate Headquarters Atlanta – March 16, 2015 – FOCUS Brands, Inc. today announced their multi-year lease of the entire MidCity Plaza building, an extensively renovated, Class A property located at I-285 and GA 400. Formerly occupied by Crawford & Company, FOCUS Brands will relocate their corporate headquarters to the new location later this year. FOCUS Brands is the parent company of Cinnabon, Auntie Anne’s, and Moe’s Southwest Grill, among other top concepts, and will exclusively occupy the 63,000-square-foot building. The property was purchased by MidCity Real Estate Partners in mid-2013 and was completely converted to Class A standards over the course of a nearly two-year-long process. The office building is part of a mixed-use development including five restaurants and Class A apartments. Since purchasing the vacant office building at 5620 Glenridge Dr., MidCity Real Estate Partners thoroughly overhauled the property, including converting the entire lower level of the office building with approximately 50 reserved, covered, gated parking spaces with direct access via elevators to the upper floors. Exterior renovations to the base building included new windows and a new entrance. The interiors are entirely new including new bathrooms, lobbies and HVAC systems. Following the conversion, the building now has a high parking ratio exceeding five parking places per 1,000 square feet of space, with more than 200 of the parking spaces as covered parking. Kirk Demetrops, president of MidCity, cited MidCity Plaza’s mixed-use nature, location, and high parking ratio as particularly compelling attractions. The mixed-use development includes the Windsor at Glenridge, 168 luxury apartments developed by Wood Partners as well as restaurants Blue Moon Pizza, Taziki’s, Firehouse Subs, Qdoba and Sushi Nami. “We positioned MidCity Plaza to meet the priorities of today’s office users, this includes the ability for open and efficient floor plans, amenities on site, access, visibility and building signage” said Demetrops. “FOCUS Brands is an ideal fit for this building. We are very excited they have chosen MidCity Plaza for their headquarters.” “The timing of this building renovation was perfect for us,” said FOCUS Brands CEO Steve DeSutter. “Our business is growing at a rapid pace, and we needed an office environment that could keep up with our ambitious goals and our collaborative operating style,” said DeSutter. “The location, amenities and potential offered by MidCity Plaza give us exactly what we need to take our company to the next level, and I’m thrilled to be working with the MidCity Team.” The MidCity Plaza Team MidCity Real Estate Partners retained Glenn Kolker and Preston Menning of Cassidy Turley to lease the building and Childress Klein Properties to manage the project. Chris Wagner with JLL represented FOCUS. The Cooper Carry-designed building delivered in 1978 and served as Crawford & Company’s headquarters until they vacated in 2007. The surface parking spaces that served the building originally were redeveloped into the retail space and apartments adjacent to the building/ MidCity Real Estate Partners hire Gene Montezinos with PFVS as the base building architect. Prior to joining PFVS, Montezinos was with TVS, where he designed many Class A office buildings in Atlanta, including the Concourse, the UPS World Headquarters and Glenridge Highlands. MidCity Real Estate Partners – High Profile Projects MidCity Plaza is MidCity Real Estate Partners’ second significant Central Perimeter office redevelopment. In October 2012, MidCity acquired five buildings on 8.5 acres from Cousins Properties Inc. at GA 400 and Hammond Drive. That project, known as Hammond 400, includes a new building developed for the Thomas Eye Group. More recently, in early 2015, the city of Alpharetta...
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