CresaPartners’ New Office Brings Pure Tenant Representation Back to Charlotte, NC

CHARLOTTE, N.C.--(BUSINESS WIRE)--CresaPartners, North America’s largest corporate real estate advisory firm that exclusively represents tenants, today announced its expansion into the Charlotte market.

(Downtown Charlotte office buildings, top right photo)

Led by seasoned Principals Mark Ayers, Tim Brotherton and Edwin Yarbrough, formerly of Jones Lang LaSalle/The Staubach Company, CresaPartners’ new Charlotte office will offer tenants a holistic perspective to the real estate process during tough economic times.

“We believe the economic climate creates tremendous opportunity to advise tenants in our market about one of their three largest expenses—real estate—and its impact on their bottom line,” said Ayers, managing principal, CresaPartners Charlotte.

“It’s the ideal time to establish the foundation of our firm and strengthen our cohesive team, who has successfully worked together in the past.”

Prior to founding CresaPartners’ Charlotte office, Mark Ayers served as managing principal of The Staubach Company in Charlotte, negotiating sizeable transactions for clients such as Time Warner Cable, Maersk, Senderra, Moore & Van Allen, Enovia and Wachovia.

(Downtown Epicenter, middle left photo)

For several years, Mark worked alongside Principals Tim Brotherton and Edwin Yarbrough, who served as project manager and vice president respectively.

The Charlotte principals were drawn to CresaPartners because of its commitment to tenant representation and its core operating values: integrity, partnership and entrepreneurship.

CresaPartners’ philosophy, national platform and comprehensive service offerings coupled with the principals’ combined 40 year tenure and established relationships in the local real estate market create a winning combination.

“There’s a natural synergy with the members of our new Charlotte office. They’re great people who integrate well into CresaPartners’ culture,” said Bill Goade, (bottom right photo) CEO, CresaPartners.

“We’re going to continue to recruit former competitors who remain committed to the pure tenant representation business model.”

CresaPartners’ new office is located at 4521 Sharon Road, Suite 370 in Charlotte.

CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce Location and Planning, Subleases and Dispositions, Lease Administration, Capital Markets, and Facilities Consulting.

With more than 50 North American offices, CresaPartners is the largest pure tenant representation firm in the U.S. and Canada. Through a partnership with Atisreal international real estate group, CresaPartners is a member of one of the leading real estate organizations in the world, covering 35 countries.

Contact:
Jodi Goldman, 617-758-6009, National Director ofCommunications,

jgoldman@cresapartners.com

Cushman & Wakefield's Rick Solik takes two NAIOP awards

ORLANDO, FL– Richard Solik (top right photo), Senior Director, Office Brokerage of Cushman & Wakefield-Orlando received two honors at the 13th annual NAIOP of Central Florida 'Best of the Best Awards.'

Mr. Solik received "Outstanding Office Broker" and "Largest Deal" for the 250,000 sf corporate offices for Houghton, Mifflin, Harcourt Publishing in SouthPark Center.

With an aggregate value of $66 million, the transaction relocates 900 employees to two buildings in SouthPark Center for a 10-year term. John Guitar of Flagler Development represented the landlord.

Contact: Brook Hines, 407 541 4401, brook.hines@cushwake.com
www.cushwake.com

EastGroup Properties Announces 117th Consecutive Quarterly Dividend

JACKSON, MI, Mar. 5, 2009– EastGroup Properties (NYSE-EGP) announced today that its Board of Directors declared a quarterly dividend of $.52 per share payable on March 31, 2009 to shareholders of record of Common Stock on March 20, 2009.

This dividend is the 117th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $2.08 per share.

EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona and California.

Its strategy for growth is based on its property portfolio orientation toward premier business distribution facilities clustered near major transportation features. EastGroup's portfolio currently includes 27 million square feet.

CONTACTS:

David H. Hoster II, (top right photo), President and Chief Executive Officer

N. Keith McKey, Chief Financial Officer, (601) 354-3555

Marcus & Millichap Lisets Two Shopping Center Parcels in McAllen, TX for $26.95M

McALLEN, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for two adjacent parcels within Trenton Crossing shopping center (site map bottom left) in McAllen.

The parcels are Best Buy and OfficeMax, as well as Kohl’s and Shops Space.

Best Buy and OfficeMax is being offered at $12.54 million, or $197 a square foot at a cap rate of 7.5 percent.

Kohl’s and Shops Space is being offered at $14.41 million, which represents a price of $122 per square foot at a cap rate of 7.4 percent cap rate and $122 per square foot.

Alvin Mansour, (top right photo) a first vice president investments and senior director of Marcus & Millichap’s National Retail Group in San Diego, and James Vickers, a retail investment specialist in the firm’s Dallas office, are representing the seller, a Texas-based developer.

“The properties are currently fully triple-net leased to an array of national tenants including Best Buy, OfficeMax, Kohl’s, Old Navy, Dots and Shoe Carnival,” says Mansour. “Both Best Buy and OfficeMax have signed 10-year leases with rent increases every five years in both the initial term and option periods.

Kohl’s has signed a 20-year, triple-net lease with five percent rent increases between each of the six five-year options.”

Built in 2008, Best Buy and OfficeMax encompass 63,703 square feet of retail space located at 8012 and 8016 N. 10th St. Kohl’s and Shops Space include 118,498 square feet of retail space located at 7900 N. 10th St.

Both properties are part of Trenton Crossing, a 248,260-square foot shopping center located on the northeast corner of 10th Street and Trenton Road.

The properties are shadow-anchored by Target, Ross, Marshalls, Hobby Lobby, Bealls and PetSmart and located adjacent to a newly constructed Home Depot and H-E-B supermarket.

Plaza Del Norte, a 46-acre lifestyle center with a tenant mix that includes Conn’s, Walgreens, Circuit City, Petco, Michaels and numerous others, is located directly across 10th Street.

McAllen is located approximately five miles from the border of Mexico near two international bridges that receive traffic counts in excess of 40 million vehicles per year.

Per capita retail sales in McAllen are twice that of the national average. The metropolitan area is home to approximately 1.8 million people.

Press Contact: Stacey Corso Communications Department (925) 953-1716

Marcus & Millichap's Tony Azzi Named One of Firm's Top Investment Specialists

ENCINO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named its top investment specialists for 2008.

One agent in Marcus & Millichap’s West Los Angeles office ranked in the Top 30 out of more than 1,300 investment specialists nationwide. The agent is Tony Azzi (13). (top right photo)

“We are proud to recognize Tony as one of the firm’s top agents,” says Harvey E. Green, president and chief executive officer of Marcus & Millichap. “His accomplishments and track record reflect his superior transaction expertise and commitment to client service.”

Azzi, a senior vice president investments and director of the firm’s National Multi Housing Group in West Los Angeles, facilitated transactions valued at more than $46.13 million last year.

Azzi joined Marcus & Millichap in September 1986 and was promoted to senior vice president investments in January 2008. His notable transactions last year included the sale of an $8 million multi-family community in Santa Monica, Calif.; a $6.2 million apartment community in Los Angeles; and a $4.35 million multi-family community in Santa Monica.


Press Contact: Stacey CorsoCommunications Department(925) 953-1716

David Burback Named Executive Managing Director of Grubb & Ellis Company’s Industrial Practice

SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has named David S. Burback, (top right photo) a 30-year commercial real estate veteran, executive managing director of its Industrial Practice Group.

As executive managing director, Burback’s role is to leverage all of the capabilities of Grubb & Ellis’ integrated platform on behalf of the firm’s industrial clients. He will oversee more than 430 industrial transaction specialists nationwide.

“We are very pleased to have someone of Dave’s caliber in this important role,” said Greg Coxon, president, Brokerage Services for Grubb & Ellis. “Based on his tenure, management experience and industrial expertise, he is the ideal candidate to take the services and solutions we are able to offer our industrial clients to the next level.”

Burback joined Grubb & Ellis in 2005 and has served as executive vice president and managing director of the company’s Los Angeles South Bay office, the top industrial office across the firm’s nationwide platform, since that time.

Prior to joining Grubb & Ellis, Burback was a principal with Northwest Realty Advisors, a firm he founded in 2000 to specialize in commercial investment services in the Pacific Northwest. Previously, he was manager of the Colliers International office in Portland, Ore. Burback spent the majority of his career in Southern California, launching his career as an industrial professional with CB Richard Ellis, and rising to the level of manager of the firm’s Riverside office.

Burback is a graduate of the University of Southern California. He is a past president of NAIOP and member of ICSC, and ULI. A recognized industry expert, he is a frequent speaker at industry conferences.

Contacts:

Sharon Abar, 714.975.2185, sharon.abar@grubb-ellis.com

Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com

Grubb & Ellis Realty Investors’ Fountainhead Business Park II Earns Energy Star Designation

SANTA ANA, CA– Grubb & Ellis Realty Investors LLC announces that Fountainhead Business Park II, (top right photo) a three-story office building in San Antonio, has earned the U.S. Environmental Protection Agency’s prestigious Energy Star designation.

Fountainhead Business Park II is part of a two-building office campus managed by Grubb & Ellis Realty Investors on behalf of an investor participating in its Private Client Management program.

“Grubb & Ellis Realty Investors is committed to managing each property in our portfolio as resourcefully and responsibly as we can on behalf of each participant in our investment programs,” said Kent Peters, (bottom left photo) executive vice president of Asset Management, Grubb & Ellis Realty Investors. “The Energy Star designation is a wonderful accomplishment, and highlights the hard work and dedication of the entire management team.”

Fountainhead Business Park II is professionally managed by Dan O’Hare, vice president of Asset Management, Grubb & Ellis Realty Investors, who is joined by a property management team headed by Cindy James, RPA, of Grubb & Ellis Company. James’ management team includes: John Cauley, CBE-J, building engineer; Daphne Shepard, administrative assistant; and Daryn Mieure, assistant vice president and senior portfolio manager.

Additional management services were provided by Jeff Allen of Kill Kare Inc. in Huntington Beach, California.

Contacts:

Julia McCartney, 714.975.2230, julia.mccartney@grubb-ellis.com

Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com

Marcus & Millichap Sells 96-Unit Apartment Building in Tallahassee, FL

TALLAHASSEE, F– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of University Courtyard, (top right photo) a 96-unit/384-bed student housing community located in Tallahassee, Florida, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

Dorothy Jackman, (top left photo) Associate Vice President, Investments and Travis Prince, (bottom right photo) Investment Specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The buyer, a limited liability company, was also secured and represented by Jackman and Prince.


“The deterioration of the broader market fundamentals made this deal difficult to get done in a conventional way, but the buyers offered strong terms that ultimately won them the deal.

"The asset is performing well and delivering tremendous yields to the new owners out of the gate” notes Prince.

University Courtyard is located at 3025 South Adams Street and consists of 96, four-bedroom/two-bathroom units at 1,192 square feet (384 beds).

Built in 2000, the community offers fully-furnished units that are leased by-the-bed and multiple amenities, including a swimming pool, sand volleyball court, fitness center and a business center with a computer lab, study rooms, copier and fax service. The community is currently 100 percent occupied.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

Stirling Sotheby’s International Realty reports February sales of more than $34.7M

ORLANDO, FL --- Stirling Sotheby’s International Realty, reported it sold homes in the Central Florida area worth more than $34.7 million in February.

Roger Soderstrom, owner and founder of the firm, said sales in February were up more than 35 percent over January 2009.

“The real estate market is beginning to improve,” Soderstrom said. “Sellers understand the need to price their homes for the market, and buyers are beginning to realize the values that are available,” Soderstrom added.

During the first few days of March, Soderstrom said Stirling Sotheby’s International Realty’s World Center in downtown Orlando negotiated sales totaling more than $2 million and the firm anticipates its March sales will top February’s strong showing.

Soderstrom said Stirling Sotheby’s International Realty has seen strong short sale activity as well as upper tier luxury home sales since Jan. 1.

“We anticipate a strong first quarter in 2009,” Soderstrom said.

“This is the perfect time to buy real estate, especially in Florida. The opportunities to own single-family homes, condominiums, oceanfront and riverfront properties has never been better.

"Prices are very affordable, and buyers are making deals now that will change their lives,” Soderstrom said.

CONTACTS:

Roger Soderstrom, Founder/Owner, Stirling Sotheby’s International Realty, 407-588-1260 http://www.stirlingsir.com/,
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Tidewater Packaging Extends Lease in Chesapeake, VA

NORFOLK, VA – GVA Advantis announces Tidewater Packaging Services, LLC has extended their lease on 19,400 SF in Suite G and expanded into an additional 13,100 SF of space in Suite H at 1400 Cavalier Boulevard (top right photo) in Chesapeake.

Bill Throne, SIOR, CCIM, ALC, Senior Director in the Norfolk office, represented the tenant in this transaction.

“Bill is a professional presenting realistic options and opportunities for a small business needing a trusted real estate advisor. His knowledge about the industrial market in our region was immensely helpful and he is an excellent advocate for his client.” said Debra Lybrand, CPA, President, The TPS Group.

TPS is a premier third party logistics provider which offers services including packaging and crating, warehousing and logistical services.

Contact: Susan Childress, 757.213.8217, schildress@gvaadvantis.com

Marcus & Millichap Names Steven Chaben Regional Manager of the Year

Under his leadership, the Detroit office had another record-breaking year in 2008

DETROIT, MI – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has honored Steven Chaben (top right photo) of the Detroit office with its Regional Manager of the Year award, according to Harvey E. Green, president and chief executive officer.

“Steve is committed to providing a high level of service to our private and institutional investor clients in Detroit and throughout the Midwest,” says Green.

“He is also dedicated to providing our investment real estate specialists with an environment that supports their success and professional fulfillment.”

Chaben joined Marcus & Millichap in November 1997 and was instrumental in establishing the Detroit office and sales force as well as opening the Grand Rapids office.

The Detroit office ranked seventh in office revenue firm wide through December 2008 and is poised for another record-breaking year. Steve was elected a vice president of the firm in April 2000 and in June 2004 was promoted to first vice president.

In September 2008 he was given the responsibility of managing the Columbus, Cincinnati and Cleveland offices.

Prior to joining the firm, Steve served as executive vice president and director of brokerage services for a full-service real estate firm in Detroit for six years.

He has also been an investment broker, specializing in the sale of land and investment properties throughout the Midwest. He is a member of the Commercial Real Estate Institute (CCIM) and the Michigan Bar Association. Steve received a bachelor’s degree from Wayne State University in Detroit and a J.D. from the Detroit College of Law.

ALEX MOGHAREBI NAMED ONE OF MARCUS & MILLICHAP’S
TOP INVESTMENT SPECIALISTS


ENCINO, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named its top investment specialists for 2008.

One agent in Marcus & Millichap’s Ontario office ranked in the Top 30 out of more than 1,300 investment specialists nationwide. The agent is Alex Mogharebi (8).(bottom left photo)

“We are proud to recognize Alex Mogharebi as one of the firm’s top agents,” says Harvey E. Green, president and chief executive officer of Marcus & Millichap. “Alex has been recognized as one of the company’s Top 10 investment specialists every year since 1990 and has been the No. 1 agent for 13 of the past 16 years.

"This achievement is a testament to his tremendous market knowledge, superior transaction expertise and commitment to providing clients with excellent brokerage and advisory services.”

Mogharebi, an executive vice president investments and a senior director of the firm’s National Multi Housing Group in Ontario, joined Marcus & Millichap in July 1989 and was promoted to vice president investments in August 1996.

In early 2008, Mogharebi was promoted to executive vice president investments. During the past 20 years, he has become one of the top investment specialists in the nation specializing in the Inland Empire and Southern California multi-family market.

Mogharebi facilitated transactions valued at nearly $72 million last year. His transactions included the sale of $27.5 million and $9.3 million multi-family community in San Bernardino, Calif., and a $14.2 million apartment community in Corona, Calif.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

GVA Advantis Norfolk and Newport News, VA Leasing Activity

NORFOLK, VA– GVA Advantis is pleased to announce the Norfolk and Newport News offices recently negotiated the following leasing transactions:

_ Tidewater Packaging Services, LLC has extended their lease and expanded into a total of on 32,500 SF of industrial space at 1400 Cavalier Blvd., Suites G
& H, in Chesapeake, VA. Bill Throne represented the tenant.

_ GVA Advantis has renewed its lease on 20,239 SF of office space in the World
Trade Center (top right photo) in Norfolk, VA. Wes Edwards and Don Crigger represented the
landlord and Deborah Stearns represented the tenant.
_ Greenwood Christian Academy has leased 20,000 SF of space for a private
school in the Williamsburg Crossing Shopping Center in Williamsburg, VA. (top left photo)
Edward Salyers and Betsy Sutton represented the landlord.
_ Chugach Industries, LLC has subleased 17,861 SF of office space at Greenbrier
Tech Center One (middle right photo) in Chesapeake, VA. Stephanie Sanker and Clay Culbreth
represented the subtenant.
_ Flexible Benefits Administrators, Inc. has renewed their lease and expanded
into 13,355 SF of office space at Parkway West (middle left photo) in Virginia Beach, VA. Wes
Edwards and Garren Brown represented the landlord.
_ Computer Sciences Corporation has leased 12,239 SF of office space at 5366
Virginia Beach Boulevard in Virginia Beach, VA. Wes Edwards represented the
landlord.
_ Akima has renewed their lease and expanded into 10,853 SF of office space at
Harbour Centre in Newport News, VA. Chris Bendit represented the landlord.
_ Krebs-Virginia, Inc. has renewed their lease on 7,040 SF of industrial space at
312 E 18th Street in Norfolk, VA. Ken Benassi represented the landlord.
_ National Rights to Work Committee has extended their lease on 6,900 SF of
retail space at NewMarket Shopping Center in Newport News, VA. Ursula
Seidel represented the landlord.
_ Tidewater Heart Institute has leased 5,464 SF of office space at Hampton
Professional Park (bottom right photo) in Hampton, VA. Michael Shapiro represented the landlord.
_ Interlink Computers, Inc. has leased 4,024 SF of industrial space at
International Distribution Center in Newport News, VA. Tom Dunn
represented the landlord.
_ Baeplex Martial Arts Center, Inc. has leased 3,983 SF of retail space at the
Greensprings Business Center in Williamsburg, VA. Matt Leffler represented
the landlord.
_ Cities Grill has renewed their leased on 3,600 SF of retail space at Governor’s
Green in Williamsburg, VA. Mike Mausteller represented the landlord.
_ Huntington Learning Center has leased 2,908 SF of retail space at Kemps
Corner Shoppes in Virginia Beach, VA. Edward Salyers and Ursula Seidel
represented the landlord.
_ General Dynamics Information Technology, Inc. has extended and expanded
its lease on 2,432 SF of office space at Harbour Centre in Hampton, VA. Chris
Bendit represented the landlord.
_ Sparta Fitness, LLC has leased 1,800 SF of industrial space at 1021 Executive
Boulevard in Chesapeake, VA. Stephan Woodard represented the landlord.
_ Stephens Financial Partners, LLC has leased 1,715 SF of office space at The
Midlands Office Building (bottom left photo) in Williamsburg, VA. Brian Baker represented the
tenant.
_ Tropical Smoothie Cafe has leased 1,705 SF of retail space at Port Warwick in
Newport News, VA. Tom Dunn represented the landlord.
_ CISCO Systems, Inc. has renewed their lease on 1,462 SF of office space at
the Westmorland Building in Virginia Beach, VA. Garren Brown represented
the tenant.
_ Eastern Eye Associates Optometry has leased 1,400 SF of retail space at York
River Crossing Center in Hampton, VA. Tom Dunn represented the landlord.
_ Temperature Satisfied, Inc. has subleased 1,200 SF of industrial space at Port
Norfolk Business Center in Portsmouth, VA. Brian Baker represented the
landlord.
_ Epix Funding, Inc. has leased 1,200 SF of office space at Executive Cove in
Virginia Beach, VA. Brian Kollar and Keith Pezzella represented the landlord.
SALES:
_ 3435 John Tyler, LLC has purchased Greensprings Business Center, an 18,549
SF office park in Williamsburg, VA Matt Leffler represented the purchaser.

Media Contact: Susan Childress, 213.8217, schildress@gvaadvantis.com

Avalon Park-based Data Transfer Solutions moves to larger quarters with offices in eight other cities across the U.S.

ORLANDO, FL - Downtown Avalon Park-based Data Transfer Solutions, LLC, which provides professional Geographic Information Systems (GIS), software engineering and web development services to local and state government agencies, is continuing its expansion undertaken in 2007 and 2008.

The firm, which opened in a converted house in Avalon Park four years ago, recently relocated its corporate headquarters to a new 12,000 square foot office suite in Downtown Avalon Park (top right photo).

The firm currently has technical offices in Jacksonville, Tampa and Ft. Collins, Colo.

A.M. “Trey” Fragala III, AICP, (bottom left photo) chief operating officer at Data Transfer Solutions, said the firm also established a regional sales office in Portland, Ore. in January adding to its existing regional sales offices in San Antonio and Boston, and subsidiary offices in Charlotte and Chicago.

Data Transfer Solutions, LLC reported revenues of more than $5 million last year.

For more information, contact:

A.M. “Trey” Fragala, III, AICP, Chief Operating Officer, Data Transfer Solutions, 3680 Avalon Park Blvd. East, Suite 200, Orlando, 32828; 407-382-5222; tfragala@edats.com;

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com.

Mazursky Constantine Moves to Midtown with 999 Peachtree Lease

Atlanta-based Law Firm Joins Growing Ranks of Firms Leaving Buckhead

ATLANTA, GA – Jamestown, an Atlanta-based real estate investment and management company, has signed Atlanta-based Mazursky Constantine LLC to an 11-year, 24,000 square foot lease at 999 Peachtree. (top right photo)

The law firm, along with its consulting affiliate, VCG Consultants LLC, will occupy the entire 15th floor and a portion of the 12th.

Mazursky Constantine, with 15 attorneys, will move from Buckhead’s Monarch Tower, (bottom left photo) adding momentum to the trend of professional service firms relocating to Midtown from Buckhead. The firm will move to 999 Peachtree in June.

"We scoured Midtown in our search for new office space, and 999 Peachtree has the best location of any of the buildings we looked at," said Don Mazursky, (top left photo) Founding Partner of Mazursky Constantine.

"We have employees from Alpharetta to Avondale Estates, so the central location, access to MARTA and the proximity to restaurants and shops along and around Peachtree Street made 999 Peachtree the clear choice." Mazursky added, "With the assistance of Fred Sheats, the best broker in the city, we selected the best building in the city."

Jamestown purchased 999 Peachtree in 2007 and plans to expand the retail portion of the property, which is prominently located along the Midtown Mile.

"Mazursky is an important addition for us at 999 Peachtree," said Matt Bronfman, (middle right photo) Chief Operations Officer and Managing Director at Jamestown. "Signing a firm with such a great reputation is an affirmation of the hard work we have done at 999 Peachtree and of our long term vision for that property."

999 Peachtree is located at the intersection of 10th and Peachtree streets, one block from the Midtown MARTA Station and in the heart of the Midtown Mile. Jamestown and other property owners are coordinating their efforts to merge new and existing retail into an authentic, cosmopolitan shopping district called the "Midtown Mile."

The location of 999 Peachtree provides quick access to dense retail stretching from 6th Street to 10th Street. Piedmont Park is a short walk away, and the building offers direct access to I75/85.
The 28-story office tower totals 625,000-square-feet and is home to the Peachtree Club, Midtown’s only private dining club.

Jamestown has begun to redesign portions of 999 Peachtree, including an expansion of the lobby level retail to provide a more distinct sidewalk presence and larger storefronts for retailers. Building amenities now include a branch bank, café and coffee shop

Contact: Bryan Long, Jackson Spalding, (404) 724-2501; blong@jacksonspalding.com

CB Richard Ellis Represents Michaels Stores Inc. in 270,000-SF Lease in Jacksonville, FL

JACKSONVILLE, FL--CB Richard Ellis, the world's leading commercial real estate services provider, is pleased to have represented Michaels Stores, Inc. in the lease transaction of 270,000 square feet at 4300 Bulls Bay Highway inside the Westside Industrial Park (middle left photo) in Jacksonville, Florida .


The team of Terry Quarterman, First Vice President, and Jeff Nelson, (top left photo) Senior Associate, of CB Richard Ellis in Jacksonville represented Michaels Stores, Inc. in the transaction.

For over 20 years, the family of Michaels Stores, Inc., the nation's largest specialty retailer of arts and crafts materials, has been helping crafters of all ages express themselves with skill and originality. Michaels is scheduled to occupy the building this summer and will be using the space for their seasonal goods distribution center.

Built in 1991, 4300 Bulls Bay Highway is a Class "B", single-tenant industrial warehouse building owned by Stone Mountain Industrial Park, Inc.

Michaels Stores, Inc., based in Irving, Texas, is the world's largest specialty retailer of arts, crafts, framing, floral, wall décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator.

The company currently owns and operates over 1000 Michaels stores in 49 states and Canada and 161 Aaron Brothers stores.

Contacts:
Terry Quarternam, 904.630.6342, terry.quarterman@cbre.com

Jeffrey Nelson, 904.630.6359, jeffrey.nelson@cbre.com

CB RICHARD ELLIS ORLANDO BROKERS RECEIVE THREE NAIOP AWARDS

The Orlando office of CB Richard Ellis received three awards at the Central Florida NAIOP 2008 Awards dinner.

David Murphy, (middle left photo) Senior Vice President, won Industrial Broker of the Year for the sixth consecutive year and seventh time in ten years.

Ron Rogg, (middle right photo) Executive Vice President, won Investment Property Broker of the Year for the fourth consecutive year.

Chris Sproles,(bottom left photo) First Vice President, won the Unique Deal of the Year award for his representation of GAI Consultants in the relocation of their Florida corporate headquarters to a seven-story building that is currently under construction east of downtown Orlando.

Chris also finished second in the Office Broker of the Year category.

Bill Moss, (bottom right photo) Senior Managing Director, acknowledged, "We are pleased that three CB Richard Ellis Orlando Sales Professionals, David, Ron and Chris, have been recognized for these prestigious NAIOP awards. Their achievements validate our commitment to creating great client experiences."

Contact: Angelique Greven, 407.839.3158, angelique.greven@cbre.com