ATLANTA, GA (Feb. 21, 2012) – Invest Atlanta – Atlanta’s Development Authority –has provided a $100,000 loan to an Atlanta group that will help it acquire the building at 44 Broad St. in downtown Atlanta (top left photo). The total project cost was $3.8 million.
Invest Atlanta provided the loan to B. C. Grand, LLC, a limited liability company established by Williams-Russell & Johnson Inc., which will occupy 51% of the 58,542-square-foot building.
The other 49% of the building will be leased out to other firms. Williams-Russell & Johnson (WR&J) is a multi-disciplined engineering, architectural planning, program management and construction management firm.
WR&J was organized in 1976 to provide professional services to public, private, military and governmental clients. They are divided into several functional groups that include: Mechanical Engineering, Electrical Engineering, Civil Engineering, Environmental Engineering, Structural Engineering, Architecture, Construction Management and Program Management and Planning.
Atlanta City Councilman Kwanza Hall (middle right photo) said the company’s acquisition of the building, which opened in 1898, is good news for downtown.
“I am delighted to welcome WR&J to the Grant Building and the Fairlie-Poplar neighborhood,” Hall said. “Employees and clients will find that the firm’s location in the heart of the downtown business district is a real asset.”
“This loan will do precisely what our program intended – help an Atlanta company expand and create new jobs,” said Lonnie Saboor (lower left photo) manager of small business finance at Invest Atlanta.
Invest Atlanta provides financial and technical assistance to small, minority and female-owned businesses to expand and/or relocate in the city. The loans are made available through the City of Atlanta.
For more information about how Invest Atlanta can provide loans to small businesses in Atlanta, please visit the Entrepreneurs & Small Business page on the Invest Atlanta website.
Invest Atlanta is the official economic development agency for the city of Atlanta. Invest Atlanta represents in-town Atlanta, which has a population of 420,000 and growing. Invest Atlanta is a research-based economic development organization, focused on residential, business and investment growth in the city.
Contacts:
Tony Wilbert
Wilbert News Strategies
404-965-5022
Krunali Parekh
Account Executive
Wilbert News Strategies
(C): 404 901 4433
(O): 404 965 5024
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