Wednesday, December 19, 2012

Ackerman Medical breaks ground on 60,000 SF Medical Office Building in Stockbridge, GA

From left to right:
-          John Willig, Principal, Ackerman Medical
-          Jeff Cooper, COO, Piedmont Henry Hospital
-          Charles Scott, CEO, Piedmont Henry Hospital
-          Dr. Todd Schmidt, OrthoAtlanta
-          Michael Ochal, OrthoAtlanta
-          Mike Tallant, Principal, Commercial Assets Group
-          Steve Watson, Principal, Commercial Assets Group

 Atlanta, GA – John Willig, principal of Ackerman Medical at Ackerman & Co., gave the order to start the construction of the company’s newest medical office building, Henry Physician Center, last Friday.

Henry Physician Center rendering, Atlanta, GA
The new gateway to Piedmont Henry Hospital, a 60,000-square-foot medical office building, will be located at the entrance of the hospital’s campus, at the corner of Eagle’s Landing Parkway and Rock Quarry Road.

 It will serve the expanding medical needs of Henry County residents and accommodate the demand of growing physician practices seeking to locate on the new Piedmont Henry Hospital campus.

John A. Willig
The $11 million, three-story, Class “A” building, set to open October 2013, is already 60% leased:  anchor tenants, Piedmont  Healthcare, has taken 15,000 square feet of space on the second floor and OrthoAtlanta, has secured the entire third floor (20,000 square feet).

The well-attended official ground-breaking ceremony included: Charles Scott, CEO, Piedmont Henry Hospital; Jeff Cooper, COO, Piedmont Henry Hospital; Dr. Todd Schmidt, OrthoAtlanta; and Michael Ochal, OrthoAtlanta, among others.

Henry Physician Center is being privately developed and is owned by a venture of Ackerman Medical, Commercial Assets Group and local physicians on long-term ground lease. Henry Physician Center is now leasing. Mike Tallant, from Commercial Assets Group, and John Willig represent the property.

Mike Tallent
 Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast.

 The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co.  has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.

For a complete copy of the company’s news release, please contact:

Fara Wilson,
VP of Marketing
770. 913.3904 


HFF arranges $42.5 million financing for Public Market in San Francisco Bay area

Public Market, San Francisco Bay Area
SAN FRANCISCO, CA – HFF announced today that it has arranged $42.5 million in financing for Public Market, a 272,000-square-foot mixed-use development in the San Francisco Bay area.
                 Representing a joint-venture between Angelo, Gordon & Co. and City Center Realty Partners, LLC, HFF secured non-recourse, floating-rate acquisition financing through Bank of America, with a six-year term at a very competitive risk-based spread over the 30 Day LIBOR rate.  

Peter Smyslowski
The loan also included a one-year extension option and a future funding component for property renovations, leasing commissions and tenant improvements.

                Located in the East Bay submarket of Emeryville, Public Market consists of 153,000 square feet of retail space including a 10-screen Regal theater, and a 119,000 -square-foot, eight-story Class A office tower.

  Key retail tenants include Urban Outfitters, Guitar Center, Peet’s Coffee & Tea, Regal Cinemas and In-Shape Health Club.  Office tenants include Random House, Inc., Silicon Valley College and Rocket Software, Inc. 

  The property is situated on 14 acres adjacent to Interstate 80 at the foot of the San Francisco Bay Bridge. 

Kevin Redford
                The HFF team representing the borrower was led by managing director Peter Smyslowski and director Kevin Redford.

                “Public Market is one of the most well-known retail, mixed-use assets in the East Bay,” said Redford.  “It enjoys an incredibly strong brand name while providing our client with tremendous upside.”

                Angelo, Gordon & Co. is an investment advisor specializing in alternative investments such as real estate, distressed assets, public-private partnerships, risk and convertible arbitrage, and private equity.

City Center Realty Partners, LLC specializes in the development, redevelopment and acquisition of urban real estate; including retail, office and mixed-use properties.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

ZipRealty Launches Second Generation of Zap to Improve Real Estate Agent Efficiency and Service

Lenny Baker
EMERYVILLE, CA, Dec. 19, 2012 – ZipRealty, Inc. ( (NASDAQ: ZIPR), the leading online technology-enabled residential real estate brokerage company, today launched the second generation of Zap, a cutting-edge real estate technology solution for agents, brokers and home buyers.

Zap combines ZipRealty’s industry-leading CRM with its website and mobile application, the most powerful suite of real estate marketing tools in the United States.

Zap fully integrates these dynamic platforms to give prospective home buyers superior customer service, while providing agents with sophisticated insight into their clients’ online home search activity.

Van Davis
The Zap platform is available to both ZipRealty agents and Powered by Zip (PBZ) agents, ZipRealty’s nationwide broker partners.

 “Together, Zap and are designed to empower a movement of agents and brokers who seek to serve their customers differently,” says Lanny Baker, President and Chief Executive Officer of ZipRealty.

“Our integrated technology system provides home buyers with accurate and timely real estate information, while enabling agents to deliver the outstanding personalized service that converts leads into actual business.”

“Zap is an end-to-end real estate solution,” says Van Davis, President of Brokerage Operations for ZipRealty. “It helps agents identify ‘high-probability’ customers – those more likely to execute transactions – monitor their online search parameters, such as their preferred neighborhoods and pricing preferences, and respond when and how the customer prefers.”

For a complete copy of the company’s news release, please contact:

Stacey Corso
Public Relations Manager
ZipRealty, Inc.
(510) 735-2667