Sunday, January 24, 2010

Baroni Italian Joins Brookwood Place on Peachtree in Atlanta

ATLANTA, GA – Selig Enterprises announces the signing of Baroni Italian, a casual dining concept by the creators of Baraonda and Ciao Bella. The new 4,000 square foot eatery will open at Brookwood Place on Peachtree, (Peachtree and 25th Streets) this coming Spring. (top left photo) 

Baroni Italian, a sister concept to Baraonda, is a casual, full-service, dining concept featuring Italian pastas, pizzas and sandwiches. Established in 1999, Baraonda is an authentic wood-brick oven pizzeria and caffe Italiano located in the heard of Midtown.

“We are excited to bring one of Atlanta’s most renowned restaurant operators to Brookwood Place. They will be a great addition!” says Shirley Gouffon, Senior Vice President, Selig Enterprises, Inc..

Selig Enterprises, Inc. is a real estate holding and development company with a portfolio in excess of ten million square feet and with properties throughout the Southeast. The company operates AAA Parking, which manages over 100 parking facilities. Headquartered in Atlanta, the company provides leasing, development, acquisition, space design, construction, legal, property management, brokerage and accounting services.

Contact: Hilary W. Shure, CMD, Selig Enterprises, Inc., Direct: 404.898.9065, Fax: 404.875.2629

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Marcus & Millichap Sells FedEx Freight Facility Near Dallas, TX

SUNNYVALE, TX– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of a FedEx Freight facility in Sunnyvale, approximately 10 miles from downtown Dallas.

Alvin Mansour, (top left photo) a senior vice president investments and senior director of the firm’s Net Leased Properties Group in San Diego, represented the seller, a Washington State-based developer.

Ben Sgambati, a vice president investments, and Alan Cafiero, an industrial investment specialist, both in the firm’s New Jersey office, represented the buyer, a New York-based investor. Will Jarnagin, the licensed partner in the firm’s Dallas office, also provided representation.

“With increasing demand for large single-tenant properties backed by credit-rated corporate guarantors, The Mansour Group was able to produce more than six offers and a fully executed letter of intent within 30 days of marketing,” says Mansour.

“Our ability to create a market for each property we list, combined with our streamlined due diligence process, ultimately got the deal closed just 17 days after completion of the inspection period.”

“This transaction is another example of the Marcus & Millichap marketing platform producing results for our clients by moving equity across the country,” comments Sgambati.

Located at 301 Clay Road in Sunnyvale, the property has easy access to U.S. Highway 80, where traffic counts exceed 69,000 vehicles per day.

The 136,751-square foot FedEx freight facility is situated on more than 30 acres and is designed to accommodate approximately 20,860 square feet of building expansion.

The property consists of 11,761 square feet of office space, 113,270 square feet of warehouse space, 9,640 square feet of shop space, an 80-square foot guard shack and a 2,000-square foot fuel island.

The fuel island includes a 12,000-gallon, double-walled fiberglass underground storage tank with a Veeder-Root monitoring system.

Sunnyvale, an affluent part of the Dallas/Fort Worth Metroplex, has an average household income of more than 22 percent above the national average.

Press Contact:  Stacey Corso, Communications Department, (925) 953-1716