Monday, May 6, 2019

Newmark Knight Frank Sells 88,000-Square-Foot Data Center/Office Building in Forsyth County, GA for $10.75 Million

5925 Cabot Parkway, Forsyth County, GA

Jason Schrago
ATLANTA, GA  Newmark Knight Frank (NKF) announced the sale of 5925 Cabot Parkway, an 88,000-square-foot office building and data center in Forsyth County, Georgia near Atlanta.

A local real estate development and investment firm, The Woodbery Group, purchased the building from JM Family Enterprises for $10.75 million. 

The building was fully leased by JM Family Enterprises at the time of transaction.

 Built in 1999 and fully renovated in 2007, 5925 Cabot Parkway features 48 private offices, approximately 130 workstations, 11 conference rooms, two lounge areas and a full-service catering kitchen.

The class B building also offers several fully furnished plug and play opportunities and includes a 21,000-square-foot data center with 3 Megawatts of power with built-in redundancy.

Datascan, a subsidiary of JM Family Enterprises, relocated to new and owned office space in June 2018 at Alpharetta City Center. The data center function remains at 5925 Cabot Parkway.

Frank Clementi
 NKF Executive Managing Director Jason Schrago and Senior Managing Director Frank Clementi represented the seller. SK Commercial Realty’s Tom Kirbo represented the buyer.

 “We were pleased to conduct this value-add transaction on behalf of JM Family Enterprises that provides them flexibility with their ongoing corporate data center function at 5925 Cabot Parkway,” said Schrago.

“The building offers significant potential for income growth, with the proximity to a highly skilled labor force signaling a bright future for the new owners.”

Clementi added, “As a data center, this property offers 2N+1 redundancy and abundant power. The Atlanta data center market is gaining world-wide attention for its low cost of power and many fiber carriers.

"Additionally, fueling this growth is the recent passing of House Bill 696, offering buyers of data centers tax exemption on equipment purchases and power usage.”

Tom Kirbo
5925 Cabot Parkway is within close proximity to the new Halcyon mixed-use development on McFarland Parkway that features leading restaurants and retailers such as Hog Island, MidiCi Neapolitan Pizza, Cocina & Taqueria, Butcher & Brew, Never Enough Thyme, and Cherry Street Brewpub. 

According to NKF Research, metro Atlanta’s office market continues to display strong fundamentals despite a recent slowdown in job growth.

 Overall asking rents in Forsyth County have steadily climbed to nearly $25 per square foot, with leasing momentum expected to remain strong through 2019.


Nick Banaszak

Parker Poe to Relocate Charlotte, NC Office to Landmark Lincoln Harris Development Legacy Union

Legacy Union, 620 South Tyron, Charlotte, NC

Charlotte, NC (May 6, 2019) Parker Poe, a Charlotte-based business law firm with seven offices across the Southeast, today announced plans to relocate its Charlotte office to an efficient, high-performance workplace environment in Legacy Union, the 10-acre Lincoln Harris development that is redefining the southern perimeter of uptown Charlotte with a mix of Class A office space, retail, and other amenities.

In mid-2020, Parker Poe will occupy 86,000 square feet on three floors of 620 S. Tryon, Legacy Union’s first phase, a 33-story, 850,000-square-foot tower.

Thomas N. Griffin
As part of the move, Parker Poe will have branding on the tower, establishing a presence at the intersection of Tryon and Stonewall streets, the epicenter of more than 10 million square feet of development taking place on the south side of uptown adjacent to Bank of America Stadium.

“We are excited about this move and our partnership with Lincoln Harris,” said Parker Poe’s Managing Partner Tom Griffin. “In a rapidly changing legal marketplace, we are embracing change and looking forward to a new, agile workplace.

"Our space will match our firm’s forward-thinking culture and encourage clients, lawyers, and staff to collaborate in an energized environment.”

“Lincoln Harris is proud to welcome Parker Poe to Legacy Union,” said Johno Harris, president of Lincoln Harris. “The decision of prominent corporate names like Parker Poe to choose Legacy Union as their headquarters continues to validate our vision for Legacy Union and its impact not only on uptown but our community as a whole.”

Johno Harris
Parker Poe’s new office will reflect its collegial, people-focused culture to create a flexible and adaptable space designed to reduce bureaucracy and increase interaction. 

Design features will focus on natural light, integrated technology, active social areas, ergonomic enhancements, and wellness spaces. International architecture firm Gensler will lead the interior design.

“We’re pleased to partner with Parker Poe, one of the Southeast’s most prestigious law firms,” said Taylor Senter, Managing Director at Newmark Knight Frank (NKF), Parker Poe’s real estate advisor.

“From the offset of the project, Parker Poe’s leadership team had a clear and concise conviction around the future of the firm and how to leverage real estate to position itself in the marketplace moving forward. It really was a pleasure to play a role in this seminal decision by the firm.”

Taylor Senter
Senter, and his partners Greg Katz and Mike Hopper, members of NKF’s law firm advisory practice, see Parker Poe’s decision as progressive and prescient.

“It’s no secret that the practice of law, and for that matter business at large, is undergoing rapid transformations due to advances in technology and increased mobility within the workforce.

"With this comes a renewed expectation of the workplace, and more so than ever before our clients across the U.S. are looking to proactively address these realities.

"In its decision to embrace this evolution, Parker Poe is establishing a new paradigm and solidifying its position as a preeminent law firm in the Southeast.”

Parker Poe’s new home includes an indoor/outdoor entry plaza off of Tryon Street for casual gatherings, a fitness center, and a walkable promenade lined with restaurants and retailers.

Greg Katz
A pedestrian bridge above Church Street will provide tenants with direct access to the building. 

Ridr Knowlton and Campbell Walker of Lincoln Harris represented the developer in the transaction.

About Parker Poe

Parker Poe Adams & Bernstein LLP has more than 200 lawyers in seven offices located in major markets across North Carolina, South Carolina, and Georgia.

The firm provides legal counsel to many of the largest companies and local governments in the region. Parker Poe is a member of TerraLex, one of the world’s leading international legal networks.

Mike Hopper

With 155 member law firms and more than 17,000 attorneys in 100 countries, TerraLex members provide the legal resources needed to conduct seamless business worldwide.

For more information, please visit

About Lincoln Harris

Lincoln Harris, together with Lincoln Property Company, provides clients with a national platform and unparalleled institutional resources, including commercial real estate development, investment and property management.

 Based in Charlotte, Lincoln Harris takes great pride in its reputation as one of the region’s most accomplished full-service commercial real estate companies.

Lincoln Harris’ multi-disciplinary team has a long history of working through complex transactions and adopting innovative approaches to real estate problems.

Walker Campbell
We take pride in developing and implementing comprehensive national real estate programs for our clients and cultivating a sense of trust in the communities we serve and the individual transactions we service.

To learn more about Lincoln Harris properties and services, please visit

About Newmark Knight Frank

Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers.

Together with London-based partner Knight Frank and independently-owned offices, NKF's 16,000 professionals operate from approximately 430 offices on six continents.

NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales.

Ridr Knowlton
Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management.

For further information, visit


Nick Banaszak

NAI Realvest Closes on New Office Space Lease in Orlando's SoDo Neighborhood for New Jersey-based Construction Management Firm

Jason G. Toll
ORLANDO, FL — NAI Realvest recently negotiated a new multi-year lease for a 3,985 square foot suite at 1401 Sligh Blvd.  

  A New Jersey-based firm will occupy one of the few remaining non-medical office spaces on the Orlando Health campus in SoDo off Orange Avenue south of downtown Orlando .  

  Jason G. Toll, Director of the Industrial Services Group at NAI Realvest negotiated the transaction representing the landlord Houston-based 1401 Sligh LLC. 

  Vericon Construction a full service construction management and general contracting firm with 10 employees at this Orlando location has additional operations in Atlanta , Fort Lauderdale and Charlotte .    
The tenant was represented by Charles Harmon of Turnkey Real Estate Service.  


Jason G. Toll, Director, Industrial Services Group at NAI Realvest

Patrick Mahoney, President / CEO NAI Realvest,

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

Stirling International Real Estate Names Tatiana Matyukha New Sales Associate in Orlando, FL

Tatiana Matyukha 
ORLANDO , FL – Stirling International Real Estate recently appointed Tatiana Matyukha as Sales Associate.     

  Roger Soderstrom, Jr., Broker of Record for Stirling said Matyukha is Russian born and holds degrees in both Accounting and Merchandizing.   “She has a strong work ethic and outgoing personality that sustains a successful real estate career,” he said.

Matyukha grew up in a hard-working family where her father designed and built two homes for the family from the ground up and insisted she participate, understand the process and learn what is important in a quality-built home.

Upon arriving in the U.S. eight years ago, Matyukha expanded her accounting skills into various sectors including taxes and audit, the legal field, as well as customer service in the retail and hospitality industries.  She has over a year of experience in residential real estate sales in Central Florida .

Roger Soderstrom Jr.
She has a passion for cooking and yoga to achieve peace, harmony, balance and a healthy lifestyle. Another passion is modeling for local charity fundraising events.

Her journey and transition, discovering a new culture and new skills in the U.S. were challenging yet provided the perfect platform for a career in residential real estate, according to Soderstrom.  

 “Tatiana truly suits the global outreach of our brand and we look forward to seeing her play a leading role in our continued growth,” he added.


Roger Soderstrom, Jr., Broker of Record, Stirling International Real Estate, 

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

The Domain Companies Announces $38.5 Million Acquisition of Two Sites in the Bronx, New York

Matthew Schwartz
The Bronx, New York – The Domain Companies has purchased 445 Gerard Avenue and 414 Gerard Avenue in the Mott Haven section of the Bronx for $38.5M.

The 44,500sf sites allow for the development of an approximately 428,906sf mixed-income, mixed-use residential property consistent with Domain’s focus on community development and sustainable design.

The sites are located within an Opportunity Zone, and currently zoned M1-4/R8a within the MX-13 Special Mixed-Use District.

 It is expected that both sites will participate in the New York State Brownfield Cleanup Program and include at least 25% affordable housing.

Rachel Diller
 Previously dominated by industrial and manufacturing industries, Mott Haven was rezoned in 2009 to allow for more residential and commercial development.

In 2015, Mayor Bill de Blasio announced a $194M investment focus in the “Lower Concourse North” area, which included street improvements, new Harlem River open space, and more.

“We’re looking forward to growing within and alongside the Bronx community with these recent acquisitions,” says Matt Schwartz, Co-Chief Executive Officer, The Domain Companies.

“Domain takes pride in developing impactful, high-quality projects and shares the city’s dedication for investing in, and engaging with, the community.”

New York City Mayor Bill de Blasio
As Domain’s fourth and fifth acquisitions in the NY-area over the last 18 months, the Mott Haven sites expand the company’s efforts to enhance its presence in the market.

Domain has worked in several rezoned neighborhoods throughout New York and has developed a successful track record in creating mixed-income housing and remediating brownfield sites.

Most recently, Domain purchased 553 Sackett Street, 545 Sackett Street, and 420 Carroll Street in Gowanus, Brooklyn, representing three of the few sizable redevelopment parcels in Gowanus to sell in recent years.

Prior to these acquisitions, Domain developed several mixed-income projects throughout New York. These include Eleven33 in Greenpoint, Brooklyn, a LEED Gold-certified, mixed-income development participated in the New York State Brownfield Cleanup Program and received the 2015 Big Apple Brownfield Award for Green Building.

Christopher Peck

Financing for the Mott Haven acquisition was provided by equity partner Hunt Real Estate Capital, senior lender Centennial Bank, and mezzanine lender Sherwood Equities.

The $30M in acquisition financing from Centennial Bank and Sherwood Equities was arranged by Christopher Peck at HFF. Commercial real estate advisory firm. Newmark Knight Frank served as the investment sales broker for the deal.

“We are thrilled to launch our Opportunity Zone investment strategy with Domain in the South Bronx," says Rachel Diller, Senior Managing Director Equity Strategies, Hunt Real Estate Capital.

Jonny Snider

 "Domain’s history of community engagement, coupled with the potential for inclusive growth in the South Bronx through mixed-income housing, represents what we believe is the intent of the Opportunity Zone program.

 “The project signifies a continuation of our long-standing relationship with Domain and our history of investing in public-private partnerships in evolving neighborhoods.”

“Sherwood is excited to again partner with The Domain Companies,” says Jonny Snider, Senior Vice President, Sherwood Equities. “We have high confidence in the Domain team and are thrilled to be part of the next chapter of the South Bronx’s storied history.”

David Behin
“When Domain approached Newmark Knight Frank with regards to seeking out opportunity zones in New York City, Mott Haven seemed a natural location for them to increase their footprint,” says David Behin, Executive Managing Director, Newmark Knight Frank.

 “The neighborhood is developing rapidly. With its convenient commute to Midtown in Manhattan and access to green space and diverse housing options, it’s easy to see why.”

The Mott Haven sites sit in the middle of the rapidly-developing South Bronx, where separate development projects from market leaders range from residential and affordable housing to green space, transportation, and entertainment. 


Megan McNeill
The Domain Companies

Olivia Hennessey
Public Relations Specialist
T: 713-852-3403