JANUARY 9, 2013
Atlanta Commercial Properties E-Newsletter
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PRIVATE GROUP OF INVESTORS PLAN TO RESTORE THE CLERMONT HOTEL
The Clermont Hotel features the Clermont Lounge.
ATLANTA 
-- 
Clermont Hotel Partners LLC has purchased The Clermont Hotel, located at 789 Ponce de Leon Ave. in the Virginia Highlands submarket of Atlanta, with plans to redevelop the property as a boutique hotel. The historic building was built in the 1920s as apartments and converted to a hotel in the 1940s. The Clermont Hotel includes an iconic club on the ground level, which has been in operation for nearly 50 years. The hotel has been shut down since Dec. 31, 2009. 
 
Jake Reid of Franklin Street Real Estate Services represented the seller, Fairway Capital, in the transaction. The buyer is an affiliate of Nashville, N.Y.-based BNA Associates LLC.

 

"We are thrilled to have the chance to reimagine The Clermont as a great hotel," says Philip Welker, principal of BNA Associates LLC and Clermont Hotel Partners. "We truly believe it represents one of the best opportunities in Atlanta. The property has all the right ingredients to become not only a destination boutique hotel for Atlanta, but also for the Southeast."

 
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JOINT VENTURE ACQUIRES SOUTH 75 OFFICE CENTER IN STOCKBRIDGE
STOCKBRIDGE, GA. -- A joint venture between Strategic Capital Partners LLC and Atlanta-based Kodiak Ventures has acquired South 75 Center in Stockbridge for an undisclosed price. The development includes two flex office buildings. It is 84 percent occupied and was purchased from the lender, which foreclosed on the property in 2011. The strategy is to stabilize the property at 90 percent occupancy as well as renew the largest tenant, which expires in 2017. Third-party medical suppliers and distributors occupy much of the nearby office space due to the proximity of Henry Medical Center, a 215-bed hospital. 
 
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HORIZON CREEK DISTRIBUTION CENTER SECURES NEW INDUSTRIAL LEASES
Horizon Creek Distribution Center is a 482,984-square-foot industrial development in Suwanee.
SUWANEE, GA. 
-- 
Lincoln Property Co. Southeast has brokered leases totaling 236,908 square feet at Horizon Creek Distribution Center, a three-building industrial park in Suwanee. The 482,984-square-foot industrial park is located approximately 32 miles northeast of Atlanta. Atlanta Cable Sales Inc. renewed its lease of 96,675 square feet for an additional seven years. Chip Craighill of Cushman & Wakefield represented the tenant. Sienna Corp. signed a 10-year lease for an 88,429-square-foot building that includes more than 12,000 square feet of office space. Adam Richards with Resource Real Estate Partners represented the tenant. Personal Touch Deliveries Inc. signed a five-year renewal and expansion totaling 51,804 square feet. Brad Pope of Hailey Realty Co. represented the tenant. 

 

Denton Shamburger with Lincoln represented the landlord, a state pennon fund, in each of the leases. Lincoln acquired Horizon Creek Distribution Center on behalf of the pension fund in August 2011, and took over management and leasing of the property

 
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DON'T TOUCH THAT DIAL:
MICHAEL BULL'S CRE RADIO SHOW EXPANDS TO NINE NEW MARKETS
Michael Bull in studio
ATLANTA 
-- The "Commercial Real Estate Show" has entered new markets by expanding its reach to 10 radio stations across the country. Michael Bull, president of Bull Realty, hosts the Atlanta-based talk radio show, which was originally launched in October 2010. 
 
The one-hour weekly program examines commercial real estate and business issues by talking with experts. Guests have included analysts, accountants, brokers, lenders, developers, attorneys and architects. 
 
This January, the radio show began to air in the following markets (all times are local): 
 
Texas: 
* Dallas/Fort Worth -- KVCE 1160 AM, Saturdays, 4 to 5 p.m. 
* Houston -- KTEK 1110 AM, Fridays, 10 to 11 a.m. 
 
Western: 
* Honolulu, Hawaii -- KGU 760 AM, Saturdays, 11 a.m. to 12 p.m. 
* Sacramento, Calif. -- KSAC-FM 105.5, Saturdays, 9 to 10 a.m. 
* San Francisco -- KDOW 1220 AM, Sundays, 2 to 3 p.m. 
* Seattle -- KKOL 1300 AM, Saturdays, 11 a.m. to 12 p.m. 
 
Southeast: 
* Atlanta -- WAFS 1190 AM, Saturdays, 10 to 11 a.m. 
* Miami -- WZAB 880 AM, Fridays, 5 to 6 p.m. 
* Orlando, Fla. -- WBZW 1520 AM, Saturdays, 12 to 1 p.m. 
 
Heartland: 
* Minneapolis/St. Paul -- KYCR 1570 AM, Saturdays, 11 a.m. to 12 p.m. 
 
"I've been delighted at the impact the show has had in just two years, and I'm extremely excited about the opportunity to continue to extend its reach," says Bull. "We can tell by the location of podcast downloads that the content is relevant to audiences across the globe. As we continue to add stations, the show's comprehensive analysis and enlightening conversations will reach a much larger audience." 
 
The show's podcasts are also available on iTunes and at www.CREShow.com. 
 
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Upcoming Events
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CREW Atlanta & Corenet Global Atlanta
2013 Economic Forecast Luncheon
Featuring Dr. Marci Rossell
Thursday, January 10, 12 - 1:30 p.m.
Cobb Energy Performing Arts Center
2800 Cobb Galleria Parkway
Atlanta, GA 30339
Cost: $50/CREW & Corenet Members, $60/Guests
Click here for more information.

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IREM Georgia
Economic Forecast Luncheon for owners, investors, developers and management companies
Featuring David Haddow, president and founder of Haddow & Co.
Wednesday, January 23, 11:30 a.m. - 1:30 p.m.
Ansley Golf Club
196 Montgomery Ferry Drive
Atlanta, GA 30309
Cost: Free/Members, $55/Guests, $30/Guest with Member
Click here for more information.

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Economic Forecasting Center Conference
"Navigating the Torturous Road Ahead"
Speakers: Rajeev Dhawan, Paul Thomas, Richard Yamarone and John Hunt
Wednesday, February 20, 8 - 11:50 a.m.
Georgia State University Student University Center
Speakers Auditorium
44 Courtland St.
Atlanta, GA 30303
Cost: $200
Click here for more information.

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IFMA Atlanta Workplace
2013 Atlanta Workplace Vendor Showcase
Friday, February 22, 7:30 a.m. - 4 p.m.
Loudermilk Center
40 Courtland St.
Atlanta, GA 30303
Cost: $99
Click here for more information.

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Brittany Biddy
Associate Editor
Atlanta Commercial Properties
France Media, Inc.
3500 Piedmont Rd., Ste. 415
Atlanta, GA 30305

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Atlanta Commercial Properties E-newsletter. ISSN 2154-2724.
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