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| Jeff Shaw |
ATLANTA, GA — Three Atlanta commercial real estate veterans
with nearly 60 years of combined industry experience have launched Fairlead
Commercial Real Estate, a commercial real estate investment and services firm
based in Atlanta.
Jeff Shaw, Kevin
Oats and John Ward, who together have been involved with more than
$1.5 billion of commercial real estate acquisitions and managed 15 million
square feet of space, are the principals of the new firm. Fairlead will acquire
properties and provide asset management, property management and leasing
services within its existing portfolio of buildings as well as to third-party
investors.
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| Kevin Oats |
“Our new firm is
well funded, and we look forward to growing our ownership portfolio throughout
Atlanta and the Southeast,” said Shaw, president of Fairlead. “Our existing and
new capital partners are excited about the future and are looking forward to
growing our platform, sharing our belief that the future looks very bright for
commercial real estate in the Southeast.”
Fairlead is looking
to acquire core-plus and value-add office and industrial properties in the
Southeast and in Texas. Targeted purchase prices will range from $5 million to
$100 million.
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| John Ward |
Fairlead has a presence in several of Atlanta’s submarkets.
The principals of the firm have ownership in 45 Atlanta commercial buildings
and currently lease and manage 11 buildings, including 1455 Lincoln Parkway in
the Central Perimeter submarket, 1899 Powers Ferry in the Northwest submarket
and buildings 45, 145 and 147 in Technology Park in the Northeast submarket.
The firm is
currently in negotiations to purchase four more properties.
“Good opportunities
still exist to acquire value-add properties at discounts, and Fairlead hopes to
announce a new acquisition by year end,” said Ward, chief investment officer of
Fairlead. “We will be strong players in both the value-add and core markets,
and possess the experience and expertise to serve investors in both of these
areas extremely well.”
“Fairlead provides
top-notch management and leasing services through our operating company, and
moving forward we have plans to add tenant representation and expand our
current third party management and leasing platform,” said Oats, chief
operating officer of Fairlead. “We are excited about the chance to create
considerable value for our clients in these segments of our business.”
Shaw, who has 22 years of commercial real estate experience
in the Southeast, served as president of Jackson Oats Shaw Corporate Real
Estate for the past eight years. In that position, he oversaw more than 45
employees and was responsible for the management of 4.2 million square feet of
office, industrial, medical and retail properties in metro Atlanta. He has
completed thousands of leases in his career and also has held executive
positions with COMPASS Management & Leasing, Insignia/ESG, Cushman &
Wakefield and PC Associates. Shaw has provided asset-leasing advisory services
for General Electric, Lend Lease Investments, LNR Partners, Morgan Stanley,
Northwestern Mutual and Wachovia, among others.
Shaw has been named to the Atlanta Business Chronicle’s
“Who’s Who in Commercial Real Estate” and was recently featured in the paper’s
“People in the News” executive profile feature. Shaw has received awards from
such institutions as the National Association of Industrial and Office
Properties. He has achieved lifetime membership in the Atlanta Commercial Board
of Realtors’ Million Dollar Club.
Ward has worked in commercial real estate for 14 years and
has been involved with the asset management of13.6 million square feet, the
development of 2.4 million square feet, the acquisition of $700 million worth
of properties and $550 million of loan originations. He most recently was the
chief financial officer of Jackson Oats Shaw and has also held executive
positions with Flashpoint Capital Partners, Banyan Street Partners, America’s
Capital Partners and Cousins Properties.
Oats has more than
22 years of experience in property and facilities management. He served as
chief operating officer at Jackson Oats Shaw Corporate Real Estate, where he
played critical roles in transitioning more than 4 million square feet of
acquisitions into the firm’s operating company and growing the firm’s portfolio
of Atlanta commercial office buildings into the ninth largest. Oats also was a
vice president at Jones Lang LaSalle, where he provided management oversight
for the firm’s J.P. Morgan, Goldman Sachs and Morgan Stanley assignments in
Atlanta.
For a complete copy of the company’s news release, please contact:
Tony Wilbert
Wilbert News Strategies
404-965-5022 (O) 404-405-3656 (C)
Stephen Ursery
Wilbert Public Relations
E-mail: sursery@wnspr.com
Office: (404) 965-5026
Cell: (404) 405-2354
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