Monday, November 3, 2008

Selig Enterprises Announces Completion of 38,000-SF Retail Development in West Atlanta

ATLANTA, GA, Nov. 3, 2008-- - Selig Enterprises, Inc. announces delivery of 1465 Chattahoochee Avenue, (top right photo) a retail project in Atlanta's Westside neighborhood.

The development is located on a long-vacant parcel located at Chattahoochee Avenue and Collier Road.

The four acre site contains approximately 38,080 square feet of retail and restaurant space. Spaces will start from 2,100 square feet.

(Steve Selig, president, Selig Enterprises, top left photo)

The site is bounded by Collier Road, Chattahoochee Avenue, and Logan Circle and allows for direct two-way access from all three roads, as well as ample parking. Featuring a blend of stone and industrial materials, 1465 Chattahoochee Avenue offers a modern aesthetic appearance while keeping with the industrial feel of the Westside community.

Selig opted for 16 foot high ceilings and operable glass roll up doors to encourage walk up shopping and give customers the feeling of an open market shopping experience. Tenants can expect two separate loading docks as well as fully air-conditioned suites.

Additionally, 1465 Chattahoochee Avenue will feature a patio seating area for the restaurant tenants. Selig wanted to not only create an architecturally distinctive building that contributed to the changing West Atlanta environment, but to assemble a complementary merchandising mix where customers can find a wide array of unique product.

West Atlanta has long been a destination for furniture and home specialty retailers, and has become one of the fastest growing residential areas in the city.

It has experienced a significant increase in its population since 2000, made evident by a considerable increase in housing units delivered in 2007 and similar projection for units expected to be added by 2010.

"We have been very discriminating when evaluating prospective tenants. We consider the products that they carry or design as well as the price points of their merchandise," says Jim Saine, (middle right photo) Vice President of Selig Enterprises.

Selig also owns and manages Logan Circle, (middle left photo) the adjacent 600,000 plus square foot industrial office complex which is home to some of Atlanta's fastest growing businesses. The center maintains high occupancy rates,due in part to its accessibility to Buckhead, Midtown and Downtown commercial and residential markets.

Selig expects to experience the same success with the 1465 Chattahoochee Avenue project. Unlike LoganCircle, the development will cater to tenants who seek street front visibility and more showroom space.

Selig Enterprises is a privately held real estate operating company based in Atlanta, Georgia. The company owns and manages a real estate portfolio in excess of 10 million square feet throughout the Southeast United States.

For more information, please visit http://www.seligenterprises.com/.
Media Contact: Taana Kow, tkow@seligenterprises.com
Selig Enterprises, Inc., 404.870.1506 http://www.seligenterprises.com/

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