ECFMG Signs 24,000-Square-Foot Office Lease at Gateway Center Two, Near Hartsfield-Jackson International Airport

Grove Street Partners, in a joint venture with Batson-Cook Development Company (BCDC), has broken ground on the phase II office building at Gateway Center, inking a lease with ECFMG, a Philadelphia-based non-profit medical certification and training provider, for 24,000 square feet – a full floor – of the 51,000-square-foot Gateway Center Two office building near Hartsfield-Jackson International Airport.

Grove Street Partners has a long history of developing at Gateway Center, having recently completed the Renaissance Hotel, as well as the 128,396-square-foot Gateway Center One office building, Marriott Hotel and SpringHill Suites Hotel. 

“We’re pleased to be adding some much-needed Class A office space to this submarket,” said Grove Street Partners President Kevin Kern. 

Gateway Center Two marks the first JV between Grove Street Partners and BCDC.

“We take great pride in partnering with the best-in-class developers throughout the country, and the team led by Kevin Kern at Grove Street Partners is no exception,” said Litt Glover, President and CEO, BCDC. “We love the project, and love the location close to the world’s busiest airport, and we are thrilled to have ECFMG as our first tenant.”

Lee Evans of Colliers International Atlanta represented Gateway Center Two in the transaction. CRESA’s John Behm, Jim Byrd and Jason Jones represented the tenant.  Alfie Means, Wilson Rogers and Jimmy Warren of iCap Realty Advisors arranged financing with Protective Life Insurance Company.

Gateway Center is the only office development in the area offering direct connectivity to Hartsfield-Jackson International Airport and MARTA via a 1-minute, 50-second free Atlanta SkyTrain ride. The new building will be walkable to three hotels containing 754 rooms and three restaurants.

About Grove Street Partners 

Grove Street Partners, LLC is a premiere real estate development, management and leasing company that focuses primarily on office, industrial and hospitality properties. Founded in 2004, the firm has more than 90 years of combined experience among its partners, and has established a major presence in the Southeastern real estate market. For more information, visit http://www.grovestreetpartners.com. 

About BCDC

Founded in 1963, Batson-Cook Development Company is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, Batson-Cook Development Company offers a wide variety of real estate services from development and construction to equity and credit enhancements, to brokerage and property management. For more information, visit www.batsoncookdev.com.

About Colliers International Group, Inc.

Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is an industry-leading global real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. 

Norman Richie Named Top Land Producer by Atlanta Commercial Board of Realtors

Top Land Producer Norm Richie did most of his 2017 business with Atlanta-based Turnstone Group, representing the firm in its sale of more than 2,500 developed residential lots in over 30 metro Atlanta subdivisions.

Richie joined Batson-Cook Realty in 2007.

“I am a deal guy,” said Richie, No. 1 for the fifth time in six years. I love trying to figure out what buttons to push to get both sides to agree on the deal.”

Turnstone Group founder and CEO Chip Johnson said, “Norm is smart and he knows and understands the market and how it works. He really does put his clients first, even when it is not necessarily in his interests.”

 

Batson-Cook Development Company Partners with Fuqua Development on Major Intown Mixed-Use Project

Mixed-Use Project Coming to Former Leggett Platt Plant

Atlanta  – A joint venture between Fuqua Development and Batson-Cook Development Company (BCDC) has broken ground on new mixed-use project on the Atlanta BeltLine’s Eastside Trail.

The 17-acre site is on Memorial Drive and formerly housed the since-demolished 300,000-square-foot Leggett & Platt building. Fuqua Development’s vision for the property is a mixed-use project with shopping, restaurants and apartment homes anchored by a Publix grocery store and an AMC Theater.

“BCDC has enjoyed a successful partnership with Fuqua Development, which takes the lead on finding intown properties in established neighborhoods and bringing in high-profile national and local retailers,” said Litt Glover, President and CEO, BCDC. “We are thrilled to be a part of Madison Yards and look forward to serving the neighborhoods, the BeltLine and all of Atlanta through this project.”

Madison Yards is one of six mixed-use developments totaling more than 1.5 million square feet of specialty retail space across metro Atlanta being developed through the long-term strategic partnership between BCDC and Fuqua Development. These include the Atlanta Braves mixed-use project in Cobb County, The Battery; Sugarloaf Market Place in Duluth ; Kennesaw Marketplace in Kennesaw; Decatur Crossing in Decatur and Glenwood Place in Grant Park.

Atlanta-based BCDC has long partnered with best in class developers on high profile projects including Novare Group and the SkyHouse program, which has grown to 17 luxury mixed-use towers across the Southeast and Midwest with an overall value of more than $1.5 billion and Principal Senior Living’s Benton House program, which includes health care facilities in Florida, Georgia and South Carolina.

About BCDC

Founded in 1963, Batson-Cook Development Company is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, Batson-Cook Development Company offers a wide variety of real estate services from development and construction to equity and credit enhancements, to brokerage and property management.

No Small Plans

Atlanta-based Batson-Cook Development Co.’s modus operandi is to secure the best sites in its target markets and link with a local partner to bring its projects to fruition.

Tampa was no exception. So when the company won the rights to acquire the 3-acre, waterfront tract that for decades had been occupied by the Colonnade Restaurant — one of the few remaining sites on Bayshore Boulevard zoned for high-rise development — it knew it had to be selective in choosing local talent.

Enter Jay Tallman, whose Ascentia Development Group was introduced to Batson-Cook through a Tampa land use attorney.

“When we looked at his past projects, we were favorably impressed,” says Batson-Cook President and CEO J. Littleton Glover Jr.

Finish Reading

New apartment tower will be Frisco’s tallest building

Construction has started on a luxury apartment tower that will be the tallest building in Frisco.

Atlanta developer Novare Group bought a site from the developers of the Frisco Station project for the 25-story residential rental building along the Dallas North Tollway.

Novare Group’s SkyHouse Frisco Station is the first high-rise residential building started north of State Highway 121. Novare is building it in partnership with Batson-Cook Development.

FINISH READING 

Batson-Cook Development, Fuqua Sell Grant Park Project

Well-located mixed-use destination attracted national retailers

Atlanta  — Batson-Cook Development Company (BCDC) and partner Fuqua Development have sold Glenwood Place, a dynamic mixed-use project located in the historic Grant Park neighborhood.

The Kroger-anchored development completed in 2015 includes 175,000 square-feet of retail fronting Glenwood Avenue and Bill Kennedy Way with visibility from Interstate 20 with surface-level parking providing easy access for the customers. The center is home to a Starbucks Coffee, a Waffle House, The Little Clinic and Glenwood Dentistry.

“We have come full-circle with Glenwood Place, executing our business model of partnering with the best-in-class developers on unique projects, where we can create value for our investors by leveraging our expertise and experience,” said Litt Glover, President and CEO, BCDC. “The Fuqua Development team has been an excellent partner for us, and we look forward to continue to work with them on other projects.”

Glenwood Place is one of six mixed-use developments totaling more than 1.5 million square feet of specialty retail space across metro Atlanta being developed through the long-term strategic partnership between BCDC and Fuqua Development. These include the Atlanta Braves mixed-use project in Cobb County, The Battery; Sugarloaf Market Place in Duluth ; Kennesaw Marketplace in Kennesaw; Decatur Crossing in Decatur and Madison Yards.

Atlanta-based BCDC has long partnered with best in class developers on high profile projects including Novare Group and the SkyHouse program, which has grown to 17 luxury mixed-use towers across the Southeast and Midwest with an overall value of more than $1.5 billion and Principal Senior Living’s Benton House program, which includes health care facilities in Florida, Georgia and South Carolina.

In late 2017, BCDC broke ground on Virage in partnership with Ascentia Development Group, a 24-story luxury condominium tower on Bayshore Boulevard in Tampa, Fla.

About BCDC

Founded in 1963, Batson-Cook Development Company is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, Batson-Cook Development Company offers a wide variety of real estate services from development and construction to equity and credit enhancements, to brokerage and property management.

Tampa Luxury Condo Tower Breaks Ground

Ascentia Development Group and Batson-Cook Development Co. broke ground on Virage, a 24-story, 71-unit luxury condominium tower in Tampa. Smith & Associates Real Estate  has already signed more than $75 million worth of contracts for residences. The development was financed by City National Bank of Florida and is slated for completion by 2019.

“We are off to a remarkably fast start, especially as more people who live in single-family homes are now looking closely at the peace of mind and ease of luxury condominium living,” said Jay Tallman, principal of Ascentia Development Group, in prepared remarks.

Virage, situated at 3401 Bayshore Blvd., will feature two 6,700-square-foot penthouses with 360-degree views of Hillsborough Bay, South Tampa and downtown. The following four floors are devoted to two 4,400-square-foot apartments per floor. The rest of the residences range in size between 2,400 and 3,300 square feet. Each apartment features a private elevator entrance and 10-foot ceilings. Community amenities include:

  • infinity-edge pool overlooking Bayshore
  • wellness center
  • pet grooming facilities
  • 24-hour reception

Prices vary between $1 million and $5 million. Out of the 71 residences, 61 are priced between $1 million and $2.5 million, while the larger units and the penthouses range between $3 million and $5 million.

 

Cary’s Regency Woods expands as two area firms relocate

Construction is about to begin on an office building in Cary that will be home to two internationally-known companies looking for room to grow.

The six-story building overlooking Symphony Lake will be anchored by Chiesi USA, a pharmaceutical company that will move its headquarters there from across Regency Parkway, and Black & Veatch, an engineering, consulting and construction company consolidating its local offices. Both firms say they are making the move to to accommodate long-term growth.

The Spectrum Companies and Batson-Cook Development Company are developing the project, which is called Regency Woods II.

BCDC, Dunphy Sell Publix-Anchored Retail Center in Metro Tampa for $21.7M

Batson-Cook Development Co. (BCDC), in a joint venture with Dunphy Properties, has sold Rivercrest Commons, a Publix-anchored shopping center in Riverview, for $21.7 million. The 75,000-square-foot center is situated at the intersection of Symmes Road and US 301, roughly 13 miles southeast of Tampa. Colliers International represented Atlanta-based BCDC and Tampa-based Dunphy Properties in the transaction. RealNet Tampa Bay represented the buyer, Nicklaus of Florida. The property was 92 percent leased at the time of sale to tenants including Dunkin’ Donuts, Fast Track Urgent Care Center and Heartland Dental.

JV Opens Dallas Apartments

Novare Group and Batson-Cook Development Co. completed Victory Place, a 25-story community with 352 units. Located near uptown in the Victory Park neighborhood, the project is across the street from American Airlines Center.

Victory Place, a 25-story apartment community at 1701 Payne Street in Dallas, has opened. The 352-unit project is the 16th delivered by Novare Group and co-sponsor Batson-Cook Development Co., following projects in Texas, Florida, Colorado, Georgia, North Carolina and Tennessee.

The property includes studios, one-, two- and three-bedroom units that offer downtown views with floor-to-ceiling windows and 9-foot exposed concrete ceilings. The units also have private balconies and terraces.

BCDC, Paramount Break Ground on $43M Dual-Branded Hotel in Knoxville

Paramount Hospitality Management LLC and Batson-Cook Development Co. have broken ground on a $43 million dual-branded hotel at the corner of Church and State streets in Knoxville. The property will include a 144-room Courtyard by Marriott and an 88-room Residence Inn. The 166,544-square-foot hotel will feature a rooftop lounge, a bar and café in the lobby and a three-level parking deck. Paramount and Batson-Cook plan to complete the hotel in the third quarter of 2018.

BCDC, Fuqua Sell Duluth Project

 

Delivered in early 2016 through the joint-venture partnership between Fuqua Development Company and Batson-Cook Development Company, Sugarloaf Marketplace in Duluth has been sold following a strong opening by the project anchor, Sprouts Farmers Market.

The mixed-use project located at the intersection of Sugarloaf Parkway and Peachtree Industrial Boulevard is home to Sprouts, AT&T and Orangetheory Fitness in addition to other well-known national retailers. It features 75,000 square feet of specialty retail space and 330 luxury apartment units near the high-end community of Sugarloaf Country Club.

“We are thrilled to have delivered and sold a high-quality, well-located retail destination with our partners Fuqua Development,” said Litt Glover, CEO, BCDC. “This will be an asset to the city of Duluth and the residents of Sugarloaf Country Club for generations to come.”

The 31-acre development attracted several key restaurants including Schlotzsky’s Deli,

Zoes Kitchen and Chipotle. Banfield Pet Hospital established a location in Sugarloaf Marketplace as well, reflecting the desire for high-profile national brands to establish a presence in the bourgeoning market.

Sugarloaf Marketplace is one of five mixed-use developments totaling more than 1.5 million square feet of specialty retail space across metro Atlanta being developed through the long-term strategic partnership between BCDC and Fuqua Development. These include the Atlanta Braves mixed-use project in Cobb County, The Battery; Glenwood Place in Grant Park; Kennesaw Marketplace in Kennesaw and Decatur Crossing in Decatur. BCDC is providing real estate services and capital solutions.

Sugarloaf Sale