Monday, December 29, 2014

JLL Awarded Leasing Assignments for 3.2 Million Square Feet of Metro Atlanta Office Space

Kay Younglove
ATLANTA, Dec. 22, 2014  – JLL announced it has been awarded exclusive leasing assignments for three well-known office properties totaling about 3.2 million square feet in metro Atlanta.

The properties include the iconic six-tower, 2.4 million-square-foot Peachtree Center in downtown Atlanta; the four-building, 558,617-square-foot Satellite Place in Duluth; and the two-building, 266,054-square-foot Deerfield Corporate Centre in Alpharetta.

JLL received the assignments from Banyan Street Capital, which has had a long-standing ownership interest in Peachtree Center, and, in a partnership with Oaktree Capital Management, recently closed on the acquisitions of Satellite Place and Deerfield Corporate Centre.

David Horne
Crucial to the leasing teams of the properties will be the new hire of Michael Werner joining JLL from Parkway Realty Services, where he was responsible for the leasing of Peachtree Center, as well as other high-profile Atlanta office properties. Werner is a Vice President in JLL’s Agency Leasing group.

Senior Vice President Kay Younglove, Werner and new hire David Horne, who has joined JLL as a Leasing Associate, will oversee the leasing of Peachtree Center, for which Banyan Street Capital recently secured approximately $35 million in financing to use for capital improvements and leasing costs at the property.

Younglove also has experience leasing Peachtree Center, having leased the property in the late 1980s for architect and developer John Portman. Horne joins JLL from Parkway Realty Services.

Senior Vice President Glenn Aspinwall, a long-time Gwinnett County resident, and Werner will lease Satellite Place, while Younglove and Horne will handle the leasing of Deerfield Corporate Centre.

“David and I are pleased to be joining a team recognized as the strongest agency in the city, and to be able to continue to serve such a great client as Banyan Street,” Werner said.

Peachtree Center, Downtown Atlanta, GA
Werner has 15 years of experience in commercial real estate; over the last seven years, he has completed more than 450 leases on behalf of landlords, for a total of more than 3.6 million square feet.

 Prior to his stint at Parkway, Werner worked at CBRE, where he was responsible for leasing and marketing office properties on behalf of third-party clients.

While at Parkway, Horne was responsible for the leasing of a portfolio of Class A Atlanta office assets that totaled more than 3 million square feet.

Deerfield Corporate Centre, Alpharetta, GA
JLL begins the leasing assignments for Peachtree Center, Satellite Place and Deerfield Corporate Centre amidst an ever-improving Atlanta office market. 

Net absorption in the market totaled nearly 1.7 million square feet in the first three quarters of this year, according to JLL research.

For more news, videos and research resources on JLL, please visit JLL’s U.S. Media Center web page.

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

 Stephen Ursery
  Phone: +1 (404) 549-7150

Hotel Management Pioneer Chuck Marshall Dies Unexpectedly at 74

Charles "Chuck" Marshall

SALISBURY, MD, Dec.  29, 2014–Charles “Chuck” Marshall, founder and chairman emeritus of Marshall Hotels & Resorts, died unexpectedly December 27 at age 74, following complications related to a stroke .

Marshall founded the company in 1980 at a time when third-party hotel management was in its infancy. 

Michael P. Marshall
Beginning initially as a developer/syndicator with three hotels, he expanded the company to more than 60 hotels and resorts ranging from upper upscale to limited-service.

 Following a significant shift in tax laws in the late 1980s, Marshall turned his company’s attention to full-time third-party management, which “may have been the best business decision I ever made.” 

The company today is ranked in the United States as the 40th largest overall management company and is in the top 10 of the solely third-party management companies.

Marshall worked his way through Oklahoma State University as a cook in area restaurants and hotels.  Upon earning a degree in hotel and restaurant management, he began his 50- year-plus hospitality management career as an assistant general manager of the Golden Ox restaurant in Kansas City. 

He entered the hotel industry at age 24 as a general manager of a Ramada Inn in Wichita Falls, Texas.  Over his career, he received numerous awards for operating excellence, including Sheraton’s “Manager of the Year” and the “Distinguished Achievement Award” from the International Franchise Association.  Hotels managed by the company continue to consistently win awards from brands for operating excellence.

Marshall reveled in wading into a troubled hotel and devising and executing a plan that breathed new life into the property.

  “The cornerstone of our success is developing a tailored strategy and plan with aggressive, but realistic, budgets, and then sticking to them,” he noted.  

“The budget is our bible, and we adhere to it religiously.  We don’t start with the top or bottom line; we begin with what is honest and achievable.  We then monitor our budgets daily and adapt to changing market conditions, which allows us to focus clearly on maximizing profits and controlling costs.”

                Marshall is survived by his wife, Dee, who led the company’s marketing efforts for more than three decades; son Mike, who is president of Marshall Hotels & Resorts, daughter Joanne, son Kenny, as well as seven grandchildren.

Golden Ox Restaurant, Kansas City, MO
                The viewing will be held this evening, December 29, from 6 p.m. to 8 p.m. at Holloway Funeral Home in Salisbury, Md.,,  and the funeral at St. Francis De Sales Catholic Church in Salisbury at 11 a.m. December 30.  A celebration of Chuck Marshall’s life will be held following the internment at Green Hill Country Club in Whitehaven, Md.

In lieu of flowers, the family requested that friends donate to the Village of Hope or Oklahoma State University School of Hotel and Restaurant Administration.

 Additional information on Marshall Hotels & Resorts Inc. may be found at the company's Web site:

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

Jerry Daly, media
Daly Gray Public Relations
(703) 435-6293

NAI Realvest Negotiates Three Office Leases totaling more than 19,270 rentable square feet at The Citadel in East Orlando

Mary Frances West

ORLANDO, FL — NAI Realvest recently negotiated office lease agreements for 19,270  rentable square feet at The Citadel III, 5950 Hazeltine National Drive in east Orlando.

Senior Broker Associate Mary Frances West CCIM completed renewal and extension lease agreements with Pentaho Corporation, which includes 15,427 square feet and another 2,995 square feet that is subleased. 

West represented and the landlord Citadel Partners LTD of Oakland, Fla. and the local sublandlord Cargo Aircraft Management, Inc.   

West also negotiated a renewal agreement with tenant JTB International, Inc. for  848 square feet at The Citadel III in Orlando.   

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142