TIER REIT Joins Regent-led Partnership For Development of Trophy Buckhead Site

Final piece of financial district slated for $400M development

Dallas-based TIER  REIT Inc. (NYSE: TIER) has formed a partnership with Regent Partners and Batson-Cook Development Company (BCDC) to develop 3354 Peachtree Road, a three-acre trophy site in the heart of Buckhead. 

The prime property is the last undeveloped parcel in the Buckhead financial district and has excellent access to the dining, retail, high-rise residential and hotels for which the area is known. With unparalleled visibility from GA-400, the site is connected by pedestrian bridge to the Buckhead MARTA Station. It is on PATH 400, boasts a Peachtree Road address and offers direct access to 400. 

The team will develop approximately 560,000 square feet of class-AA office space on the site. Plans also call for approximately 60 luxury condominiums within the vertical mixed-use tower, and a separate 300 unit luxury multi-family tower located at 3356 Peachtree Road.

“This is a critically important site for Buckhead, and with TIER we have an excellent opportunity to create an iconic mixed-use tower in the South’s most dynamic submarket,” said David Allman, Chairman, Regent Partners. “With only one Class AA office building delivered in the past 10 years, the central business district is primed for a generational office project.”

Regent Partners— a full-service real estate investment and development firm — is spearheading the $400 million office, retail, condo and multi-family project, along with BCDC.

Buckhead is Atlanta’s premier submarket featuring a deep amenity base, exclusive neighborhoods and a thriving business district. The live/work/play atmosphere is fueling growth as the northern Atlanta enclave has become a magnet for young professionals.

The office submarket has historically experienced low vacancy and strong rental rates. The development-ready land supply in the core of the submarket has been nearly depleted over the prior two development cycles. Buckhead’s core Class AA office buildings are currently more than 93 percent occupied.

The Buckhead Community Improvement District is in the early stages of a plan to create a nine-acre multi-modal transit-oriented green space over Georgia 400, which would knit together residential and commercial districts on opposite sides of the highway with a world class park directly on top of GA-400 and the Buckhead MARTA station, which will connect to the site.

The project is expected to get underway in the fourth quarter with an anticipated delivery in 2022.

About Regent Partners 

Regent Partners is an Atlanta-based firm specializing in the acquisition and development of office, residential, hotel, retail and mixed-use projects. Regent has extensive experience in the Buckhead submarket, having acquired or developed 2.1 million square feet valued at $650 million. Regent developed the nearby 3344 Peachtree office tower and has won numerous industry awards from NAIOP and ULI, including Project of the Year, Development of the Year, and Office Deal of the Year. 

About BCDC

Batson-Cook Development Company was formed in 1963 and is a commercial real estate company specializing in development, pursuit capital, construction services, and brokerage services. A subsidiary of Kajima USA, Batson- Cook Development is based in Atlanta and focuses on the development of office, retail, condominium, hotel, residential, government, and mixed-use projects throughout the Southeastern United States. 

About TIER REIT, Inc. 

TIER REIT, Inc. is a publicly traded (NYSE: TIER), self-managed, Dallas-based real estate investment trust focused on owning quality, well-managed commercial office properties in dynamic markets throughout the U.S. TIER REIT’s vision is to be the premier owner and operator of best-in-class office properties in TIER1 submarkets, which are primarily higher density and amenity-rich locations within select, high-growth metropolitan areas that offer a walkable experience to various amenities. Our mission is to provide unparalleled, TIER ONE Property Services to our tenants and outsized total return through stock price appreciation and dividend growth to our stockholders. For additional information regarding TIER REIT, please visit www.tierreit.com or call 972.483.2400. 

BCDC, ADEVCO Break Ground on Extra Space Storage

Project is First in New Joint-Venture Program Between Atlanta Developers  

Batson-Cook Development Company, BCDC, and ADEVCO (ADEVCO Corporation) have entered into a joint venture partnership that will deliver a three-story climate-controlled Extra Space Storage with 804 secure storage units in Dunwoody, Ga. 

“BCDC is committed to partnering with the best-in-class developers throughout the Southeastern United States, and we have done that once again with ADEVCO,” said Litt Glover, CEO. “This is a new programmatic opportunity for us. ADEVCO has the experience and expertise to ensure a successful partnership.” 

The JV has closed on the land and recently broke ground on the 112,000 quare-foot, three-story climate-controlled building located at 4444 N. Shallowford Road in Dunwoody, Ga.. The new Extra Space Storage will be delivered to meet the growing demand for self-storage in the Dunwoody, Brookhaven, Sandy Springs and Perimeter Center submarkets.

The submarket has experienced explosive population growth as a result of commercial relocations. There are ongoing and planned multifamily developments nearby, which projects an ongoing demand for professionally managed institutional quality self-storage. 

Georgia’s Own Credit Union is providing construction financing, and BCDC and ADEVCO are providing equity. Extra Space Storage, the second largest operator of self storage facilities in the US, will be providing leasing and property management.  

Delivery is expected in the first quarter 2020.

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. Visit www.batsoncookdev.com from more information. 

About ADEVCO

Founded in 1990, ADEVCO delivers quality developments and program management services to Fortune 500 companies as well as private and institutional investors throughout the United States. Our developments are located in 40 different markets in 20 states. Since inception, over 28 years ago, ADEVCO has developed over six million square feet of climate controlled storage, corporate office, call center facilities, assisted living communities and multifamily projects valued at more than $800 million. Our specialty – achieving your real estate objectives by consistently delivering effective development solutions and superior program management services.

Visit www.adevco.com

SkyHouse Frisco Station Tops Out

Luxury High Rise Reaches Halfway Point, Delivery Expected in Fall 2019 

Frisco, Texas (December 20, 2018) — Construction crews

SkyHouse Frisco Station

ceremonially topped-out SkyHouse Frisco Station today, as the construction team completed the 25th floor of the 25-story, 332-residence luxury tower at the Hub at Frisco Station. 

The milestone signals the high rise apartment building is halfway to completion. It is expected to be delivered in September 2019 with leasing starting in the summer. The development team of Novare Group, Batson-Cook Development Company (BCDC) and Stockbridge Capital Group broke ground on the tower in February 2018. 

“SkyHouse Frisco Station is on schedule, and we are pleased to be that much closer to offering residents the opportunity to be among the first to live in this unique building centrally located in the Hub, the centerpiece of Frisco Station,” said Jim Borders, President, Novare Group.  “Balfour Beatty and the entire construction team is doing an excellent job delivering a major project in a safe and expedient manner. We are excited to reach this important milestone.”

The tower will feature studios and one, two and three-bedroom apartments, with a top-of-market Sky Deck on the 25th floor, including a resort-style pool, an outdoor kitchen, fireplaces, lounge seating and TVs, a pool table and demonstration kitchen.

SkyHouse amenities will include a state-of-the-art 24-hour gym, yoga, Pilates and cross-training room, dog spa, controlled access entry, parking garage, fully equipped business center with gourmet coffee bar, and conference room with Apple TV and WiFi in the common areas.

Residents of SkyHouse will live within The Hub, Frisco Station’s centerpiece designed with more than 200,000 square feet of unique food and beverage concepts, innovative entertainment options and diverse retail selections. 

The Hub is distinctive from other retail districts through its integration of activated parks and open space, and connectivity to the development’s office, medical and residential platforms. The Hub will feature a dual-brand AC Hotel and Residence Inn, both by Marriott, and a Canopy by Hilton, and ultimately include 600 total hotel rooms.

Novare Group and BCDC are sponsoring SkyHouse Frisco Station in a venture with Stockbridge Capital Group, with Compass Bank and Trustmark Bank providing the construction financing. 

The luxury apartment tower is the 18th SkyHouse-branded project by the Novare/BCDC partnership, following other projects in Texas as well as Florida, Georgia, North Carolina, Tennessee, and Colorado. The program has delivered more than $1.8 billion in new mixed-use development this real estate cycle. 

Led by Jim Borders and Novare Group, the SkyHouse Frisco Station team also includes general contractor Balfour Beatty Construction and architect Smallwood, Reynolds, Stewart, Stewart.

About Novare Group

Novare Group is a real estate development and investment company headquartered in Atlanta, Georgia. Since 1995, Novare Group has developed over 14,000 residences in 43 developments in the United States. Learn more by visiting www.novaregroup.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. Learn more by visiting www.batsoncookdev.com.

About Stockbridge

Stockbridge Capital Group is a real estate investment management firm headquartered in San Francisco, California with offices in Atlanta, Chicago and New York. The firm’s portfolio is comprised of assets across the risk spectrum, spanning all major property types throughout the United States. As of December 31, 2017, the firm’s total assets under management were $11.3 billion.

About Frisco Station 

Frisco Station is a 242-acre mixed-use development in Frisco, Texas, created with a new approach to urban design based on the foundational principles of smart, creative and healthy experiences. The proposed development is located along the Dallas North Tollway and to the north of Warren Parkway surrounding the new Dallas Cowboys Star development and world headquarters complex. Frisco Station will feature fully amenitized office, residential, retail, restaurant and medical uses. The project is being developed by the Frisco Station Partnership, which is composed of The Rudman Partnership, Hillwood and VanTrust Real Estate.

The NINE @ Gainesville Opens

Resort-style off-campus student housing delivers on schedule, reaches 100 percent occupancy 

The NINE @ Gainesville, a highly amenitized off-campus student housing development serving undergraduate and post-graduate students of the University of Florida, delivered as scheduled for the 2018 academic year.  

908 Group, Batson-Cook Development Company (BCDC), and Kayne Anderson Real Estate Advisors jointly developed The NINE @ Gainesville. Located less than a quarter mile from campus along the 13th Street corridor, and directly across the street from UF Health Shands Cancer Hospital, the wood-frame project has 1, 2, 3, 4 and 5-bedroom fully furnished apartments. Each features private bathrooms, in-unit washers and dryers, stainless steel appliances and private balconies. There are a total of 627 beds and 216,540 square feet. 

The project has a resort-style swimming pool, state-of-the-art fitness center, interactive study rooms and community café and club room. There is a secured, structured parking deck with 420 spaces.

Asset Campus Housing provided third-party leasing and property management services for the project.  Student excitement and demand was strong from the beginning with the project achieving lease-up several months prior to occupancy.    

“The NINE @ Gainesville has been a compelling project from the beginning, with excellent partners in 908 Group and Kayne Anderson, and a well-located piece of property,” said Litt Glover, CEO and President, BCDC. “We couldn’t be more thrilled about the early success, and we know it will be the preferred place to live for University of Florida students for many years to come.” 

Kayne Anderson Real Estate Advisors, BCDC and 908 Group provided equity and PNC Bank provided construction financing. Arco Murray Construction Co. was the general contractor. The architect was Forum Architecture.  TSB Capital Advisors consulted 908 Group and BCDC Company on the joint venture with Kayne Anderson, and assisted with procuring the senior loan through PNC Bank.

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. Visit www.batsoncookdev.com from more information. 

About 908 Group

908 Group is a boutique real estate development services firm specializing in urban infill, multifamily and mixed-use projects. The firm’s focus is to create highly unique properties and innovatively functional living spaces through the utilization of cutting edge architecture, design and technology. A primary point of emphasis is for each distinctive project to achieve a delicate balance between form and function. It focuses on developing institutional-quality apartment communities, concentrating on markets that exhibit underserved housing needs, while utilizing “best in class” planning and construction practices, emphasizing high-end finishes, distinctive design elements and a full complement of amenities. Visit www.908group.com for more information about the firm.

About Kayne Anderson Real Estate Advisors

Kayne Anderson Real Estate Advisors is a leading real estate private equity investor in off-campus student housing, senior housing and medical office buildings. Kayne Real Estate has raised dedicated real estate private equity funds totaling approximately $5 billion in commitments. Kayne Real Estate is part of Kayne Anderson Capital Advisors, L.P., a $26 billion alternative investment management firm (AUM as of 3/31/17) with more than 30 years of successful experience in the energy, infrastructure, growth capital, real estate, and middle market credit sectors. For more information, visit www.kaynecapital.com/strategies/real-estate-private-equity.

BCDC, Fuqua Development Break Ground on Publix GreenWise-Anchored Project

Sandy Plains Marketplace is 8th JV Between Atlanta-Based Developers

Atlanta (September 15, 2018) —  The joint-venture partnership between Batson-Cook Development Company (BCDC) and Fuqua Development Company has broken ground on Sandy Plains Marketplace, a Publix GreenWise Market-anchored retail development on Sandy Plains Road at Shallowford Road. 

The 185,000-square-foot project in the popular East Cobb neighborhood in the Atlanta suburbs is expected to open later this year. It will feature chef-driven restaurants Daddy’s Burger Bar, MOD Pizza and Jim N’ Nicks B-B-Q. The organic Publix GreenWise Market will be the first of its kind in Georgia. 

The 14-acre site is the former Mountain View Elementary School. 

Sandy Plains Marketplace is the eighth development totaling more than 2 million square feet of specialty retail space across metro Atlanta that either has been or is 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; Decatur Crossing in Decatur; Glenwood Place in Grant Park; Kennesaw Marketplace in Kennesaw, Peachtree Corners Market Town Center in Gwinnett County and Madison Yards in Atlanta. 

Atlanta-based BCDC has long partnered with best-in-class developers on high profile projects including Novare Group on the SkyHouse program, which has grown to 18 luxury mixed-use towers across the Southeast and Midwest with an overall value of more than $1.75 billion and Principal Senior Living’s Benton House program, which includes 15 health care facilities in Florida, Georgia and South Carolina. 

In addition to being the co-developer, BCDC provided sponsor equity and pursuit capital for Sandy Plains Marketplace. 

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.

Ground Broken on 32-acre SouthLawn Project in Lawrenceville

Lawrenceville, Ga. (July 26, 2018) — George Berkow Inc., Novare Group and Batson-Cook Development Company (BCDC) have officially broken ground on the residential component of a  $200 million mixed-use, town center development in Lawrenceville, Ga. 

Called “SouthLawn,” it will add more than 600 residences, more than 15,000 square feet of retail space and a town green in close proximity to the historic downtown. It will connect City Hall and the Police Station with the increasingly popular Lawrenceville Lawn and create a walkable environment that includes the Lawn as well as the Historic Lawrenceville Square.

“We are pleased to be off and running with SouthLawn, which is the City of Lawrenceville’s vision to continue the ‘mixed-use development’ that has been in the making there for almost 200 years,” said George Berkow, President, George Berkow Inc. “The city has been an excellent partner, with its commitment to bring more people into the town core, create walkability and add greenspace.” 

“Novare Group is excited to be underway with the multi-family residences at SouthLawn and grateful to be a part of the entire mixed-use community with George Berkow and his team,” said Jim Borders, President, Novare Group. “This project will spark renewed interest in town center living in Lawrenceville.”

Lawrenceville City Manager Chuck Warbington said, “The partnership with these developers has delivered to Lawrenceville a much needed renaissance in the community, executing Council’s vision for a more urban and sustainable activity center in our community. We are excited to be working with Berkow and Novare and look forward to ensuring a strong future for the City.”

The residential development will include urban-style three- and four-story apartments and townhomes, and single-family detached cluster houses. 

The multi-family residences will include two offerings: “SouthLawn, Luxury Apartment Residences,” which will be three- and four-story urban apartments along Clayton Street in a town center format with an elevated pool area looking over the entire development, and “Conclave,” a four-story building on a one-acre park with larger residences, enclosed air conditioned corridors, elevators and a private pool, club and fitness area.   

The single-family and townhome component, which is led by George Berkow, Inc., will have over 150 home sites.

Citizens Bank is providing financing, along with ELV Associates, BCDC, and Novare Group. Phillips Partnership is the architect, Kimley-Horn is the civil engineer, and Fortune-Johnson is the general contractor.

About George Berkow, Inc.

George Berkow has been developing real estate in Atlanta across all classes for the past 4 decades. Notable projects include the St Regis Hotel in Buckhead, Country Club of the South in Johns Creek and the Brand Bank building in Atlanta.

About Novare Group

Novare Group is a real estate development and investment company headquartered in Atlanta, Georgia. Since 1995, Novare Group has developed over 14,000 residences in 43 developments in the United States. Learn more by visiting www.novaregroup.com.

About Batson-Cook Development Company

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. Learn more by visiting www.batsoncookdev.com.

About ELV Associates

ELV Associates, Inc. is a privately held real estate investment and management firm established in 1990 to represent high net-worth investors in connection with direct investments in United States commercial properties. Our firm has established high quality property portfolios in three US regions – New England, the Mid-Atlantic and the Southeast – offering investors geographic and product diversification and exceptional returns through income and appreciation common to real estate investments. For more information, visit www.elvassoc.com.

About the City of Lawrenceville

Lawrenceville is the County Seat of Gwinnett and home to unique regional assets in Aurora Theatre, Georgia Gwinnett College and Gwinnett Medical Center. The heart of Gwinnett, Lawrenceville boasts a robust population of 30,000 locally and a reach of more than 800,000 who regularly work, do business or visit the City’s renowned Historic Downtown Square. Known for its original dining, craft brewing, concert, festival and entertainment options, Lawrenceville offers a true urban experience with small-town appeal. For more information on the City of Lawrenceville, please visit www.lawrencevillega.org.

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.