Tuesday, March 20, 2018

Ackerman & Co. to Develop 1 MSF Rockdale Technology Center in Conyers, Ga.

Planned Rockdale Technology Center, Conyers, GA

Atlanta,  GA. March 20, 2018 Ackerman & Co. announced today that it will develop three Class A industrial buildings totaling 470,000 square feet as part of a new project – Rockdale Technology Center – in Conyers, Ga., 28 miles east of downtown Atlanta.

Brett Buckner
The distribution facilities will offer build-to-suit opportunities and flexible space options ranging from 10,000 square feet to 185,000 square feet. Construction is slated to begin this April, with completion expected in 1Q 2019.

“We’re thrilled that Ackerman & Co. is developing this project in Rockdale County and bringing jobs to our community. We strive to create a business-friendly environment to attract just this type of economic development,” said Marty Jones, executive director of the Conyers-Rockdale Economic Development Council. “We look forward to working hand-in-hand with Ackerman in all phases of this project.”

Marty Jones
Located at 2430 Dogwood Drive, the 92-acre Rockdale Technology Center is less than one mile from a full-diamond I-20 interchange at Salem Road and is adjacent to a CSX Transportation rail line. The site provides distributors convenient access to the entire metro Atlanta area, the Southeast and the Port of Savannah.

A planned 550,000 square-foot cross-dock facility will round out the development for a total of 1 million square feet of industrial space.

Ackerman & Co. Senior Vice President Brett Buckner and Chris Miller, newly hired vice president, will team up to lease the Class A space, which will feature 30-foot clear heights, 6-inch concrete slab flooring, white TPO roofing and high-efficiency LED lighting.

“This new Class A development will meet the strong demand for distribution and manufacturing space in the I-20 East industrial submarket, which currently has one of the lowest vacancy rates in the Atlanta industrial market at 2.2%,” said Kris Miller, president of Ackerman & Co.

Added Brett Buckner: “The site’s strategic location offers distributors direct access to a freight rail line adjacent to the property as well as high-visibility frontage along heavily traveled I-20.”

Kris Miller
The Rockdale County site allows companies to take advantage of a variety of local and state business incentives. 

The Opportunity Zone designation qualifies tenants for tax credits of $3,500 per employee, and Rockdale County offers a 100% Freeport Inventory Tax Exemption for qualifying businesses.

Big-box corporate tenants in the Rockdale/Conyers area include Baxter International, 21st Century Fox, Pratt Industries, Golden State Foods and Solo Cup Company.

For more information, please contact:

Steve Webb
Marketing Research Coordinator
P: 678.993.2935     F: 770.913.3966
Ackerman & Co.
10 Glenlake Parkway, South Tower, Suite 1000
Atlanta, Georgia 30328

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Real Estate Attorney Mark Block Returns to MMM as Partner

Mark A. Block
Atlanta, GA, March 2018 – Respected commercial real estate attorney Mark A. Block has joined the Atlanta office of Morris, Manning & Martin as a partner. Block will practice in the in the Real Estate Development & Finance and Real Estate Capital Markets groups. He was previously a partner at Seyfarth Shaw. 
His national and international client base includes real estate investments trusts (REITs), development companies as well as companies that acquire and manage office and industrial properties. He has represented some clients for decades. 
Block originally worked at MMM. He chose to return, in part, because of the firm’s reputation, as well as the tax, environmental and corporate support it will provide his clients.

Louise Wells
“It was a good time to make a move,” he said. He always felt an attachment to MMM, and even still has his original business card. “We never broke up; we just took a 30 year vacation,” he jokes.
“We are glad to have Mark back,” said MMM Managing Partner Louise Wells. “His practice fits perfectly within our strong real estate team. Many of our lawyers have worked across the table from him over the years and the mutual respect is evident.
"Mark is known for his deal-making skills, particularly in acquisitions and sales, joint venture agreements and refinancings.” 
Block is a member of the National Association of Industrial and Office Properties (NAIOP.) Honors include being ranked in Chambers & Partners Best Lawyers for Business and The Best Lawyers in America©.
He earned his J.D. degree with honors from the University of North Carolina School of Law. Emory University awarded him his BBA degree summa cum laude. 
For more information, please contact:

Terri Thornton
Partner, Thornton Communications

Nathaniel Perry joins HFF as a director in its Denver office

Nathaniel Perry
DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced Nathaniel Perry has joined the firm as a director in its Denver office.  

Mr. Perry will work alongside HFF’s Jules Sherwood with a focus on office and industrial investment advisory transactions in the Denver and Rocky Mountain region.   

Mr. Perry joins HFF from Transwestern, where he was a senior associate in its investment services group.  During this time, he closed more than $28 million in commercial real estate transactions, setting a new price point for each submarket or property type at the time of closing. 

Jules Sherwood
He began his career as a sales associate with CLR in Santa Ana, California.  Mr. Perry is a licensed real estate broker in Colorado and has a Bachelor of Science degree from University of Denver. 

“We are excited to have Nate as part of our growing office and industrial team in Denver,” said Mark Katz, senior managing director and co-head of HFF’s Denver office. 

For more information, please contact:

HFF Director, Public Relations
(617) 338-0990

Griffin-American Healthcare REIT IV Acquires Two-Property Central Wisconsin Senior Care Portfolio for $22.6 Million

Stefan Oh

MADISON, WI – American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today the REIT has completed the acquisition of the 254-bed, two-property Central Wisconsin Senior Care Portfolio for approximately $22.6 million.

The portfolio’s properties are located in the Madison suburbs of Waunakee and Sun Prairie, Wisconsin.

Central Wisconsin Senior Care Portfolio totals approximately 236,000 square feet of skilled nursing, assisted living and independent living space.

Consulting has operated 27 senior housing and skilled nursing facilities throughout the Midwest and western United States.

William Mulligan
“Central Wisconsin Senior Care Portfolio provides the REIT with a foothold in Wisconsin, a state with a significant barrier to entry for skilled nursing operators due to a moratorium on development that has been in effect since 1981,” said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV.

“Additionally, we believe this acquisition will provide Griffin-American Healthcare REIT IV and our investors with greater value as our chosen operator, Integro Healthcare Consulting, has an established history of enhancing both patient care and financial performance at the facilities under their administration since their founding more than 14 years ago.”

Central Wisconsin Senior Care Portfolio was acquired from Waunakee Manor, a Limited Partnership and Sun Prairie Associates Limited Partnership, unaffiliated third parties represented by William Mulligan, Nicholas Glaisner and Ashley Wilkens of Ziegler Investment Banking.

For more information, please contact:

Lauren Burgos
Spotlight Marketing Communications, Inc.
265 S. Anita Drive, Suite 250
Orange, California 92868

(949) 427-5172 ext. 704 direct
(408) 206-1106 cell