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 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 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 moreBuckhead Boutique
The Griffin Co. has begun development of 50 Old Ivy in Buckhead. The group is seizing the momentum from its final office condominium sale at the adjacent 34/38 Old Ivy development next to Hal’s restaurant Located at the intersection of Habersham and Old Ivy roads, 50 Old Ivy is an 11,600-square-foot, two-story office condominium. Griffin expects to complete the project in February. Griffin has secured a buyer for 50 Old Ivy’s first floor, and expects to secure a buyer for the second floor prior to completion, said Griffin Co. Senior Vice President Kirk Demetrops.. Originally Published in the Atlanta Business Chronicle. Read More...
read moreWayne Mason shuttering Gwinnett Partners
Wayne Mason and Marty Kennedy are splitting up and going their separate ways. By all accounts, it’s an amicable separation but one that will shutter Gwinnett Partners LLC after eight years… Buckhead Boutique The Griffin Co. has begun development of 50 Old Ivy in Buckhead. The group is seizing the momentum from its final office condominium sale at the adjacent 34/38 Old Ivy development next to Hal’s restaurant… Originally Published in the Atlanta Business Chronicle. Read More...
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