9/14 - Ethicon Will Invest $185 Million to Build Manufacturing Facility

SEPTEMBER 14, 2012

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ETHICON TO INVEST $185 MILLION IN GEORGIA MANUFACTURING FACILITY

ATHENS, GA -- Ethicon, a surgical care goods provider, plans to invest $185 million to renovate and expand its Georgia facility, located at 655 Ethicon Circle in Cornelia, near Athens. The company is expected to create 75 positions by 2016.

"Ethicon has been an important business partner and a growing member of Georgia's health care products manufacturing community for more than 30 years, so this expansion speaks well of our state's supportive business environment," says Gov. Nathan Deal. "We look forward to the impact this expansion will have for the Athens-Clarke County community and for Georgia's thriving healthcare industry."

To read the rest of Savannah Duncan's article, click here.

ZOES KITCHEN PLANS TO OPEN FOURTH METRO ATLANTA LOCATION

A rendering of the 4,100-square-foot Zoes Kitchen Emory Village.

ATLANTA -- Zoes Kitchen has signed a 13-year lease for 4,100 square feet of space at 1385 Oxford Road in Atlanta. The restaurant will be adjacent to the Emory University campus. The Mediterranean-inspired restaurant will join four other Atlanta locations in East Cobb, North Buckhead, Peachtree and Perimeter when it opens in late 2013. Stephanie McCall and Patrick Bentley of The Shopping Center Group represented the landlord, while Retail Insight represented Zoes Kitchen.

CARTER COMPLETES MORE
THAN $100 MILLION IN DEALS, LAUNCHES NEW BRAND

A rendering of the $50 million Highpoint at Columbus Commons.

ATLANTA -- Atlanta-based developer Carter recently secured a string of major projects across the U.S. -- totaling more than $100 million -- and has unveiled a new brand identity.

This month, the company started construction on the Highpoint at Columbus Commons, a $50 million residential and retail project in downtown Columbus. The 325,000-square-foot project is set for completion in 2013. Carter will also develop a $73 million mixed-use project in Cincinnati and a $40 million student housing complex in Oxford, Miss., known as Highland Square.

Additionally, the company is planning about $100 million in deals in Louisiana and Oklahoma.

To read the rest of Liz Burlingame's story, click here.

MARIETTA MEDICAL CENTER
EARNS LEED SILVER CERTIFICATION

The 98,534-square-foot Marietta Medical Center is the first
medical office building in Marietta to receive LEED certification.

MARIETTA, GA -- The 98,534-square-foot Marietta Medical Center, a Class A medical office building located at 790 Church St. in Marietta, has received LEED Silver certification for Existing Buildings. The five-story property is the first and only medical office building to receive LEED certification in Marietta. Ackerman, the property manager and leasing agent, managed the renovation and sustainable improvements, which include reduction of indoor water usage, reduction of electricity consumption, replacement of existing HAVC components, an increase in the use of eco-friendly cleaning products and the addition of sustainable guidelines and best practices for future tenant build-outs. A joint venture between Ackerman & Co. and Marcus Partners owns the building.

OFFICE, HOTEL SECTORS ARE
BRIGHT SPOTS IN TEPID JOBS REPORT

WASHINGTON, D.C. -- For sectors of the labor market most vital to commercial real estate, the nonfarm payroll jobs report for August proved to be a mixed bag. "The news was good for the office and hospitality markets, poor for the industrial market and neutral for retail," says Bob Bach, national director of market analytics for Newmark Grubb Knight Frank.

Monthly Payroll Job Change Employers added 96,000 net new payroll jobs in August, short of the 125,000 expected by analysts and shy of the 148,000 monthly average that has persisted since the beginning of 2011. The U.S. Bureau of Labor Statistics also revised the data for June and July lower by a combined 41,000 jobs.