Monday, March 5, 2012

Atlanta CRE Show: Zoning for Dollars

  
 ATLANTA, GA (March 5, 2012) – With cities and counties desperate to pump up sagging economies and land available at dirt-cheap prices, this is a great time to buy properties and rezone them for more profitable uses. But an increased willingness by local governments to approve requests doesn’t mean property owners can get away with being lackadaisical in their rezoning efforts.

 Those were two of the points guests shared on the most recent episode of the “Commercial Real Estate Show,” which provided strategies and best practices for rezoning in today’s economic climate.

 “This is a better time than it’s been in a long time to try to get rezonings because, frankly, governments have the ‘We’re Open for Business’ signs out,” said Seth G. Weissman (top right photo), a professor at Georgia Tech and partner with Weissman Nowack Curry & Wilco. “Jurisdictions that used to have hundreds of cases on the docket now have one or two zoning cases.”

 “We have talked to the planning departments in several markets where we are selling land in the southeast and they say, ‘We’ll let you build almost anything – we just want you to come here and build and bring some jobs,” said show host Michael Bull (top left photo), founder and president of Bull Realty.

However, not all rezonings are slam-dunks in today’s market, cautioned Doug Dillard (middle right photo), a zoning attorney and partner with Weissman Nowack Curry & Wilco.

 Local government planning departments don’t have a lot to do these days and staff members who have survived layoffs are anxious “to justify their existence,” Dillard said. “So, sometimes they make [rezonings] a little tougher.”

 Before seeking a rezoning or early on in the process, a property owner or developer should talk with the local planner, the elected officials who will ultimately decide the case and the affected neighborhood groups, Weissman advised. “At the end of the day, that is the best way to take the temperature and figure out if this is a rezoning that has a prayer,” he said.

Those asking for a rezoning also should be diligent in meeting with those groups throughout the process, Weissman and Dillard added.

 The person speaking on behalf of the zoning applicant in hearings and other meetings cannot be “faint-hearted or thin-skinned,” Weissman said. “You need to have someone who is not going to get emotionally wrapped up in the case but can present it in an even-handed, calm way.”

 “Many times the opposition is emotional, and it [becomes] very personal,” Dillard added.

Weissman also noted that not raising certain constitutional issues during a zoning hearing will forfeit an applicant’s right to appeal a decision in court. The use of a zoning attorney can prevent a property owner or developer from being placed in such a situation, he said.

 Other topics included standard rezoning timelines, negotiating tactics and property sales that are contingent on the buyers getting the properties rezoned. The full show is available for download here.

 The next “Commercial Real Estate Show” will be available March 8 and will examine the issues surrounding commercial leases.

 Contact

Stephen Ursery
Wilbert News Strategies
404.965.5026


Invest Atlanta Helps Thrust Interactive With New Headquarters



  
 (from left) of Thrust Interactive CEO Jesse Lindsley, Atlanta Mayor Kasim Reed and Invest Atlanta Vice President Bill Cronin.


  ATLANTA, GA  (March 5, 2012) – Invest Atlanta – Atlanta’s Development Authority –has assisted Thrust Interactive, an Atlanta-based third-party development studio for online and mobile games and apps, in its move to a new headquarters in the city’s Inman Park neighborhood.

Specifically, Invest Atlanta provided site selection and advocacy support for Thrust Interactive.

The high-tech gaming company - started eight years ago in the owner’s house - just moved into its new headquarters at 741 Edgewood Ave. The 4,500-square-foot freestanding loft building houses the company’s 20 employees and provides room for expected growth. The company already has hired nine new employees in 2012 and plans to expand their team further due to growing demand of the gaming industry in Atlanta.

Mayor Kasim Reed – who also chairs Invest Atlanta – attended the recent opening of Thrust Interactive’s new headquarters and praised Thrust CEO Jesse Lindsley for starting and growing a company in the city. At the event, Thrust also introduced its latest game – Boomblastica.

“I am pleased about the growth and success of Thrust Interactive, an Atlanta-based business,” said Mayor Reed.  “I congratulate Jesse on the opening of the new headquarters and applaud Invest Atlanta for its role in supporting this and many other small businesses across the city. Together, we will continue to attract world-class talent, create jobs and bring new companies to Atlanta.”

Thrust Interactive’s new headquarters, previously a commercial photography studio is equipped with sets resembling vintage 1920s Southern California beach cottages. This unique build-out enables the space to double as an incubation center for emerging indie development teams.

 Thrust Interactive’s story is indicative of Atlanta’s position as a top city for high-tech and creative companies, said Brian P. McGowan (top right photo), president and CEO of Invest Atlanta.

“Atlanta offers young entrepreneurs, especially those in the technology and creative fields, an attractive environment for growth and job creation,” McGowan said. “Invest Atlanta is proud to have assisted Thrust Interactive and looks forward helping many more similar firms as they grow in the city.”

Entertainment tax credits for digital gaming companies have played a role in Thrust’s growth, Thrust CEO Lindsley said. While Thrust Interactive itself has not received any of the credits, they have helped Thrust attract key clients that do benefit from the credits.

“When we started Thrust, our kitchen was the conference room, and our board room was in the garage,” Lindsley said. “Thanks to the city of Atlanta’s pro-business stance under Mayor Reed, we now have a full-fledged headquarters where we can collaborate and continue to grow.”

The Thrust Interactive relocation offers a prime example of how Invest Atlanta, working with the Georgia Department ofEconomic Development and Metro Atlanta Chamber, can help creative companiesgrow, thrive and remain in the city of Atlanta said Amanda Shailendra (middle left photo), business development manager at Invest Atlanta.

“I enjoyed working with our partners, the Georgia Department of Economic Development and Metro Atlanta Chamber, to help make expansion possible for Thrust Interactive,” Shailendra said. “Home-grown companies like Thrust Interactive that create new jobs are exactly the typeInvest Atlanta works to help.


 Contact:

Krunali Parekh
Wilbert News Strategies
C:  404.901.4433  
D: 404.965.5024


EagleBridge Capital Arranges Mortgage For Boston Mixed-Use Portfolio



 Boston, MA --  EagleBridge Capital has arranged permanent mortgage financing in the amount of $4,500,000 for a portfolio of three properties situated in the Brighton section of Boston, Massachusetts on the Brookline line. 

The mortgage financing was arranged by EagleBridge principals Ted. M. Sidel (middle right photo) and Brian D. Sheehan (middle left photo) who stated that the loan was provided by a leading regional financial institution.

The portfolio is composed of Brighton Heights (top left photo), a two-story 20,000 square foot office building, located at 167 Corey Road, 3 Washington Street which is leased to the Brighton Auto Clinic, and 5 Washington Street which is leased to U.S. 1 Petroleum.  The buildings are located across from the Brighton Whole Foods Supermarket in an area of apartments, office buildings, and retail stores.

Tenants at the Brighton Heights office building include Medical Digital Photography, 3d Diagnostics, Biomedical Modeling, Brookline Driving School, Crimson Language Service, IMS 2000, Wellbeing Chiropractic, and Chinese Natural Health.  Brighton Auto Clinic is a long established auto repair and maintenance shop. U.S. 1 Petroleum a full service has station. 

Mr. Sidel and Mr. Sheehan stated, “This was an unusual combination of properties, but the solid location and experience of the borrower impressed our lender. We are pleased that EagleBridge was able to structure very competitive mortgage financing that met the borrower’s needs.”

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for industrial, office, and r & d buildings,  shopping centers, apartments, hotels, condominiums and mixed use properties as well as special purpose buildings.

Contact:

Ted Sidel                                                                                              
(617) 292-7177,  EXT. 10

33 Broad Street,
Boston, MA  02109 
TEL: 617.292.7177   FAX: 617.292.7575

Sunday, March 4, 2012

White Lodging Closes On Property for Hyatt Place Nashville



MERRILLVILLE, IN /PRNewswire/ -- The downtown Nashville skyline will have a new look in 2013 thanks to the addition of the Hyatt Place Nashville (top left photo).

This month White Lodging, one of the hospitality industry's fastest growing independent development, ownership and management companies, closed on the property for the new hotel, the first and only Hyatt property in the downtown.

The hotel, located at 301 3rd Ave. South in downtown Nashville, will be constructed on the former site of Rock City Machine Co, and will be developed and managed by White Lodging. Construction is scheduled to begin in May with the 255-suite hotel opening in December 2013.

"The recent growth in downtown Nashville has been well planned and we believe this will serve as a catalyst for even greater growth in the coming years," said Deno Yiankes (middle right photo), president and CEO investments and development division for White Lodging. "We are thrilled to be bringing a Hyatt Place hotel to the heart of downtown's expanding convention and entertainment district."

All 255 suites are 20 percent larger than the average hotel room, and decorated in Hyatt's signature, upscale decor. Guests can relax in separate sitting and sleeping areas equipped with a wet bar and mini fridge after spending time at one of the countless live music venues just two blocks away on Broadway, the street where many of today's top musical artists got their start.

The hotel, White Lodging's second in Nashville, will complement the construction of the Music City Center (lower left rendering).

Nashville's new convention center scheduled to open in 2013 on 19 acres in Nashville's downtown and only a block away from the hotel site.

 Along with the convention center, Hyatt Place Nashville guests will be a block away from the newly expanded Country Music Hall of Fame and Museum, and a short walk from the city's business district.

For Hyatt Place information or to make a reservation, call 1-888-HYATT-HP (888-492-8847) or visit www.HyattPlace.com

For more information about White Lodging, please visit www.whitelodging.com.

Contact: Kathleen Quilligan, +1-219-472-2861, Fax +1-219-472-2273


Seagis Property Group Acquires 340,000-SF Class A Industrial Building in Miami, FL

  

CONSHOHOCKEN, PA  /PRNewswire/ -- Seagis Property Group announced today that it has acquired a 340,000 square foot warehouse/distribution facility in the Doral submarket of Miami Florida.

 The building, which is located at 10000 NW 25th Street (top left photo) features  32' clear ceiling height,  ESFR sprinkler systems, secured cross-dock loading (50 dock high and 4 drive-ins), 56,000 sf of finished two-story office space, 6400 sf of refrigerated storage area, T-5 Lighting, diesel powered back-up generator, and 331 auto parking spaces.  Access is provided off of 25th and 21st Streets.

The building will be available in its entirety for lease in June 2012.

Seagis Property Group LP owns 8.5 million square feet of industrial buildings primarily in Greater Miami/Ft. Lauderdale, Central and Northern New Jersey, and the JFK Airport area. 

Seagis is headquartered in suburban Philadelphia, with offices at One Tower Bridge, 100 Front Street, Suite 350, Conshohocken, PA 19428.  

Contact:

Charles C. Lee, Jr.,
 Principal,
Seagis Property Group LP,
 +1-484-530-9135,

Investment Contact,
John B. Begier,
Principal,
Seagis Property Group LP,
+1-484-530-9134,


New Contract for Peak Campus Management Increases Managed Portfolio Value Above $1 Billion



ATLANTA, GA  /PRNewswire/ -- Peak Campus Management announced today that it has executed a new management contract for Bayside Village (top left photo), a 402-bed student housing community serving the students of the University of Southern Maine (lower right photo), in Portland, Maine. 

This contract is a significant milestone for Peak Campus Management, as it pushes their managed portfolio asset value to over $1 billion.
 
Bob Clark (middle right photo), President of Peak Campus Management said, "Being purpose-built with a great location to campus and amenity package, Bayside Village is a wonderful addition to our portfolio. 

“This addition has enabled Peak Campus to pass yet another milestone by increasing our managed portfolio value to over $1 billion.  We are excited that our proven platform focused on people, marketing and leasing, and world class operations is successful, and is being well received by our partners and owners."

Built in 2008, Bayside Village offers a unique living experience for students by offering 2 bedroom, 2 bath and 4 bedroom, 2 bath fully-furnished floor plans with community amenities that include study lounges, a tanning bed and laundry center. 

Capital upgrades planned cover the build out of a club room with activity space, a leasing center, computer lab and a large conference/group study room. 

Peak Campus Management is one of the country's largest and most successful management companies in the country with over 19,800 beds of student housing in 17 states nationwide.

Peak Campus managed communities are consistently recognized by their college or university as the top off-campus housing choice for the market.

Contact:

Jessica H. Nix
Vice President of Marketing
404-920-5351

Regency Centers Announces 260,000-SF Ground-up Development in Houston, TX



 HOUSTON, TX--(BUSINESS WIRE)-- Regency Centers (NYSE:REG), a national owner, operator and developer of grocery-anchored and community shopping centers, has begun construction of Southpark at Cinco Ranch, a 260,000-square-foot neighborhood center anchored by market-dominant grocer Kroger, in Fort Bend County.

The neighborhood center is strategically located at the intersection of two main arterial roads, Westpark Tollway (FM1093), the east/west connection to downtown Houston, and Spring Green Boulevard (FM 723), which will connect Westpark Tollway to Interstate 10.

In partnership with Excel Commercial Real Estate LLC, Regency Centers began construction of the center’s first phase on February 20th with anchor openings scheduled for the fourth quarter of 2012.

Located 32 miles west of downtown Houston, Southpark at Cinco Ranch is the first anchored retail development, located west of Grand Parkway, within Cinco Ranch, one of the nation’s fastest growing master planned communities.

The project’s first phase will include a 101,497-square-foot Kroger and fuel center, which will create 275 new jobs, a 71,680-square-foot Houston-based sporting goods retailer, 29,920 square feet of small shops and seven outparcels.

“We couldn’t be more pleased to announce the groundbreaking of Southpark at Cinco Ranch. The shopping center will benefit from limited retail competition and the area’s affluent population which is growing three times faster than the surrounding market,” said Abe Pacetti (top right photo), senior manager of investments for Regency Centers.

“Southpark at Cinco Ranch has all the key attributes that define a Regency center – market-dominant anchors, a prime location, high barriers to entry and excellent demographics.

"We’re excited about becoming a long-term citizen of such a fabulous master planned community and continuing to expand our presence in Houston through the development of quality shopping centers.”

Southpark at Cinco Ranch is 72 percent preleased and will add an additional 57,000 square feet in the second phase. To lease space in Phases I and II, contact Leasing Agent Ben Brown at 713.599.3517.

Regency Centers owns and/or manages 12 properties in Houston totaling 1.7 million square feet.
  
Contact:

Regency Centers Corporation
Abe Pacetti, 713-599-3502
Senior Manager Investments
or
The Hoffman Agency Regency Centers
Bonnie Hayflick, 904-398-9663


Stirling Sotheby’s International Realty Named Exclusive Agents for Five Acre Artist’s Estate in Lake County, FL


ORLANDO, FL. --- Stirling Sotheby’s International Realty was recently appointed exclusive sales and marketing representatives for a unique five acre estate property on Lake Griffin in Leesburg that includes a 1,800 square foot artist’s studio (top left photo).

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said the artist-inspired lakefront estate located at 7952 Treasure Island Rd. includes a 3,788 square foot luxury home with private guest quarters, two floor-to-ceiling gas fireplaces, private covered and screened bedroom balcony in addition to a screened lanai for outdoor entertaining, bamboo floors and a private dock.

The home’s spacious master suite opens onto the private balcony with spa tub.

Stirling Sotheby’s International Luxury Home Specialist Lynn Edwards (lower right photo) is representing the property which is listed at $593,600.   
To view a video of the property go to

For more information, please contact:

 Roger Soderstrom, Owner/Founder Stirling Sotheby’s International Realty,
 407-588-1260;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 



Commercial Lenders Saddled With Ample Cash, Real Estate Capital Institute Reports


CHICAGO, IL – The Real Estate Capital Institute notes that as the second quarter approaches,  real estate capital markets are nearly back to conditions that are more "normal.”

Lenders are saddled with ample cash and many have cleaned their balance sheets, no looking for fresh new funding opportunities.  General mortgage market conditions are outlined as follows:

 
Mortgage rates:  3.85% (for very low leverage) to 4.75% for up to 65% leverage is a typical range for 10-year loans offered by life companies.  5% is a rough benchmark for where CMBS and higher-leverage life companies are actively competing.  9-12% mezzanine and preferred equity funds available for funding debt above standard levels.

Loan Amounts & Leverage:  $8 million or more is a starting loan amount for
capturing the most competitive funds.  Smaller loans offered at pricing premiums of 25 basis points or more.  75% leverage is available from multiple sources for the highest quality retail and industrial properties, 65% to 70% is a benchmark for office properties. 

80% is the maximum leverage for apartments based on CMBS and agency execution.  With mezzanine financing, leverage levels approaching 90% are available for projects with ample cash flow.


Underwriting:  An overall debt yield of 9% to 11% applies for securitized
loans, although the trend is to use Rating Agency LTV as a new benchmark.


 
Observations:  Lenders' biggest concerns remain for finding projects that
have sufficient cash flow.  *Again, rates are the lowest in modern history
with 6% approaching "high risk" pricing. A couple years ago, such rate would
have been available to the highest quality projects. 


The Real Estate Capital Institute's Jeanne Peck (top right photo) notes, "Nearly every property sector is gradually recovering.  For example, office buildings are now financeable with lower overall occupancy levels of 70 to 80% being more acceptable. In contrast, 90% was a benchmark for much the past decade."

 
The Real Estate Capital Institute(r) is a volunteer-based research organization that tracks realty rates data for debt and equity yields.  The Institute posts daily and historical benchmark rates including treasuries, bank prime and LIBOR. 

 Furthermore, call the Real Estate Capital RateLine at
7RE-CAPITAL (773-227-4825) for hourly rate updates.

Contact:


Jeanne Peck, Research Director
The   Real Estate Capital Institute(r)
3517 West Arthington Street
Chicago, Illinois USA 60624

Agencies are the most effective at lowest pricing with highest leverage. Life insurance companies are the price leaders, particularly for low-leverage and flexible documentation.  CMBS players returned, mostly picking off commercial properties in secondary markets or with projects seeking higher leverage.

Saturday, March 3, 2012

$52.4 Million Multifamily Sale in Vacaville, CA Arranged by IPA



VACAVILLE, CA –Institutional Property Advisors (IPA), a recently formed multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has brokered the sale of River Oaks Apartments (top left photo), a 318,768-square foot luxury apartment complex in Vacaville, approximately 54 miles from San Francisco and 35 miles from Sacramento.

The sales price of $52,400,000 represents $167,949 per unit and $108 per square foot.

Stan Jones (middle right photo), executive vice president investments, Phil Saglimbeni (middle left photo), vice president investments and Sal Saglimbeni (lower right photo), vice president investments, represented the seller, GID. Jones, Phil Saglimbeni and Sal Saglimbeni also represented the purchaser, Sequoia Equities Inc.

“River Oaks Apartments is well positioned for future rent growth given its amenities and superior location in a natural extension of the core Bay Area,” says Jones.

“This is an exceptionally well-maintained high-quality property with an ideal location,” adds Phil Saglimbeni. “The complex is proximate to the major metros of the East Bay and provides its residents with access to local employers and also to job centers in both directions along the Interstate 80 corridor.”

River Oaks Apartments is located at 1000 Allison Drive, a five-minute drive from historic downtown Vacaville. Access to major retail centers, including Vacaville Premium Outlets, The Commons and the Nut Tree Shopping Center is nearby.

Built in 2000 on 7.7 acres, the property features a mix of one-, two- and three-bedroom floor plans averaging 1,022 square feet.

The two- and three-story buildings are accentuated with Mediterranean details, textured stucco and pitched concrete tile roofs. Amenities include a resort-style lap pool and spa, sports court, fitness center, children’s play structure, clubhouse and business center.

Contact:  Stacey Corso, Public Relations Manager, (925) 953-1716

Crossman & Company Opens Atlanta Office


ORLANDO, FL. --- Crossman & Company, the Orlando based real estate firm that ranks  as one of the largest retail property management and leasing companies in the Southeast  has opened an Atlanta office (top left photo).

John Crossman, CCIM president of Crossman & Company, said senior vice president John Zielinski (lower right photo), CCIM, has been appointed to head the firm’s Atlanta office, located at 6400 Powers Ferry Rd. N.W.

Zielinski, former real estate manager for the Atlanta division of Publix Super Markets, Inc. directs all leasing and management services for Crossman & Company in Georgia, Alabama, Tennessee and South Carolina.

Zielinski earned his under graduate degree from Bowling Green State University and his MBA from the University of South Florida. He is a licensed real estate broker, earned the CCIM professional designation and is a member of the International Council of Shopping Centers.

“We serve a large number of clients and client properties in Georgia, Alabama, Tennessee and South Carolina and Atlanta is the natural choice for our expansion office,” Crossman said.
  
Contact:

John Zielinski, CCIM, Senior Vice President, Crossman & Company

John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com;

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

Colliers International Completes Purchase of 186,726-SF Industrial Building in Simi Valley, CA

  

SIMI VALLEY, CA – Colliers International, the third largest global real estate services organization, has completed the purchase of a 186,726-square-feet industrial property located at 3935-3949 Heritage Oak Court (top left photo)., Simi Valley.  The transaction value is confidential.

John DeGrinis (top right photo), Senior Executive Vice President, Patrick DuRoss (middle left photo), Associate Vice President, and Jeff Abraham (middle right photo), Senior Associate all based in Colliers International’s Encino office represented the Buyer, Port to Port Import Export Inc. and Siena Floral Accents, Inc. 

The Seller, Invesco, was represented by Barbara Emmons, Bob Kahn and Billy Walk of CB Richard Ellis.

The buyer will be relocating its businesses from Santa Clarita to the Simi Valley location.  “In our region, it is most common for companies to migrate from east to west or north from the San Fernando Valley,” said  DeGrinis.

 “We seldom see businesses relocate south from Santa Clarita, but with a limited number of buildings to choose from in the North Los Angeles region greater than 100,000 square feet, we had to expand our client’s area of consideration.”  

DeGrinis previously represented the tenants that occupied the building prior to the sale and declared this to be one of his favorite buildings in the market given the very high quality of the property.

“Over the past two years, there have only been four buildings sold to owner / users over 150,000 square feet in the entire North Los Angeles region,” added DuRoss. 

All four have occurred in the Simi Valley / Moorpark submarket.  DeGrinis, DuRoss and Abraham represented the buyers in two of those transactions.

“In both cases, our clients have been heavy users of the Ports of Los Angeles and Long Beach,” he continued.  “The modern, high quality distribution buildings are what attracted our clients to consider moving west. 

" In addition, the logistics costs still made sense due to close freeway access and proximity to the Los Angeles Basin.”

 The high-image, Class A industrial building was constructed in 1999 and offers state-of-the-art building features including 30-foot minimum clearance, 21 dock high loading positions and high image office space.  It will be used for warehousing and distribution of home décor products.

Contact:

Jennifer Hsieh
Regional Marketing Manager
+1 949 724 5545

Friday, March 2, 2012

Cousins signs restaurants and spa for Emory Point in Atlanta



ATLANTA, GA – Cousins Properties Incorporated (NYSE: CUZ) has signed four new retailers at Emory Point (top left rendering), the $100+ million mixed-use project under construction in northeast Atlanta.

The new leases include the first U.S. lease of authentic Italian dining restaurant La Tagliatella (middle right photo of  Madrid location); and expansions of metro Atlanta-based concepts Tin Lizzy’s, Jazmin Spa and Fresh To Order.

The leases also reflect a keen interest from retailers in the project. Restaurant La Tagliatella, which chose Atlanta for its first U.S. location, is owned by Central European-based AmRest Holdings, which operates more than 600 restaurants in nine countries.

La Tagliatella was founded in Madrid in 2001 and now has more than 110 restaurants in Spain and France. AmRest’s U.S. division is based in Atlanta. A full-service restaurant, La Tagliatella features pastas, sauces and pizzas, a full bar and excellent service in an authentic ambience.

For the Atlanta-based concepts, the new leases represent expansion into a sought-after area.

This will be the fourth location for Jazmin Spa, which offers facials, microdermabrasion, thermal body therapy treatments, hair removal, nail services and massage.

Popular taqueria Tin Lizzy’s will open its fifth location at Emory Point. The restaurant chain has met with success for its tacos, guacamole and lively atmosphere. Alpharetta-based Fresh To Order, or f2o, will open its sixth location at Emory Point. The eatery offers dine-in or take-out healthy foods, from salads to paninis.

 “We’re thrilled with the mix of retailers and restaurants, which reflects the best in local, national and even international tastes and trends,” said Mike Cohn (lower right photo), Cousins’ executive vice president.

These new offerings join a collection of retailers previously announced by Cousins including: CVS/pharmacy, Jos A. Bank Clothiers, Marlow’s Tavern and Which Wich Superior Sandwiches. Cousins is actively considering other national and local retailers that would round out the mix, including additional dining, women’s boutiques and professional services.

Contacts:

Rachel Tobin
Jackson Spalding for Cousins Properties
rtobin@jacksonspalding.com                      
404-724-2501

Suzanne Rutledge
Jackson Spalding for Cousins Properties
srutledge@jacksonspalding.com                                   
404-214-2242