Archive for Rick Lackey
Immediately after graduating from the University of Georgia, Rick entered the commercial real estate brokerage business. During his career, he has been a top producer for White & Associates, Royal LePage, and Advantis/GVA. He was Executive Vice President, Managing Director and Managing Broker, for Grubb & Ellis Company (GBE:NYSE) where he successfully rebuilt their Atlanta office. In 2002, he founded City Commercial Real Estate, Inc. Rick is one of leading commercial real estate brokers in the United States. He has been involved in over 10 million square feet of lease transactions, over $1 billion sale transactions, represented clients in virtually every major market in North America and has experience in Europe as well as Latin America.
Windward, McFarland Road, Alpharetta GA
Industrial Automation Division; 70,000 Sq. Ft. office warehouse build to suit; Ten year lease with termination rights
25Aug2008 | Rick Lackey | Continued
Royal Woods Business Park, Royal Woods Drive, Tucker, GA 30084
Took a 303,000 Sq. Ft. park from 55% to 95% leased in just eight months; Sold 50 acres in park to Pattillo for $25,000 over market; Brought lead tenant to Pattillo’s new development in park.
25Aug2008 | Rick Lackey | Continued
Governors Ridge, 1640 Powers Ferry Road, Marietta, Georgia 30067
Purchase of a small office building; Assisted client in evaluating over 20 purchase options; Negotiated a purchase price over $100K less than the advertised purchase price.
25Aug2008 | Rick Lackey | Continued
Pinnacle Center, Pinnacle Way, Norcross, Georgia
New space standards and reconfiguration reduced space from 125,000 to 112,000 Sq. Ft.; Renewed / recast new 10 year lease; Updated lease document to reflect new / current business practices
# Reduced excess parking costs 60%
Northwinds, 11605 Haynes Bridge Road, Alpharetta, Georgia 30004
Negotiated a full build-out allowance to include upgrades in lobby and conference room; Negotiated concession package to include significant free rent.
25Aug2008 | Rick Lackey | Continued
Royal Ridge, 11680 Great Oaks Way, Alpharetta, Georgia 30022
Negotiated a full service rental rate that was 30% below the market rental rate.; Negotiated significant free rent.
25Aug2008 | Rick Lackey | Continued
13000 Deerfield Parkway, Alpharetta, GA 30004
Corporate headquarters relocation from Columbus, MS.; Evaluated 160 buildings in three different submarkets.; Saved $120,000 through value engineering construction costs.; Improved final concession package over $250,000 from first proposal.
21Aug2008 | Rick Lackey | Continued
3344 Peachtree Road, Atlanta, Georgia 30326
Engaged six years prior to lease expiration to renegotiate long term lease for top two floors of The Atlanta Financial Center. In part as a negotiation strategy requested all developers of new office towers in Buckhead to make pre construction presentations for the clubs potential relocation.
21Aug2008 | Rick Lackey | Continued
Piedmont Fourteen Center, 3535 Piedmont Road, Atlanta, Georgia 30305
Over 20% rental concession; KI’s first Atlanta Showroom; High profile contract furniture showroom for the design community.
21Aug2008 | Rick Lackey | Continued
Monarch Plaza, 3414 Peachtree Road, Atlanta, GA 30326
Pre-lease anchor tenant / Sublease transactions; 27,708 Sq. Ft. pre-lease anchor tenant transaction $6.00 psf below market; Client’s needs reduced space by 50% after occupancy; Subleased space at $ 4.50 psf above pre-lease rate
21Aug2008 | Rick Lackey | Continued