Savings — $2,000,000

Sq. Ft. — 70,000

Property Type — Industrial
Submarket — North Fulton, Alpharetta, GA 400

• Industrial Automation Division
• 70,000 Sq. Ft. office warehouse build to suit
• Ten year lease with termination rights
• Additional projects with Philips Industrial X-ray, Philips Consumer Electronics, Philips Medical Systems, Philips Norelco, Philips Advanced Transformers & Philips Magnavox.
• Evaluated / Selected
  • 15 Sites
  • Developers / Architects / General Contractors
  • Facility-related operating inefficiencies
  • All Move Costs – Tax Savings – Job Credits

Philips Electronics is one of the world’s largest electronics companies. It is a global leader in color television sets, lighting, electric shavers, medical diagnostic imaging and patient monitoring, and one-chip TV products.

Savings — $6,800,000

Property Type — Industrial
Submarket — Stone Mountain Industrial

• 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.
• Sold Royal Woods in Package deal with Gwinnett Forest for $38 per Sq. Ft.

Founded by Goldman Sachs, oversees the management, leasing and disposition activities for all real estate assets. This group has more than $3 billion in assets under management covering approximately 25,000 apartment units, 24 million square feet of commercial space, 1,500 hotel rooms and more than 1,200 acres of land.

Savings — $100,000

Sq. Ft. — 5,760

Property Type — Office
Submarket — Northwest, Cumberland, Galleria, I-75
Seller Represented by — CB Richard Ellis
Purchaser Represented by — City Commercial Real Estate

• 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.
• Referred client to several reputable vendors.

Harvard Group International provides in-depth retained professional search and strategic consulting services to the Fortune 500, middle market manufacturers as well as investment banking and venture capitalists.

]]> http://www.citycre.com/governors-ridge-1640-powers-ferry-road-marietta-georgia-30067/feed/ 0 http://www.citycre.com/pinnacle-center-pinnacle-way-norcross-georgia/ http://www.citycre.com/pinnacle-center-pinnacle-way-norcross-georgia/#comments Tue, 26 Aug 2008 01:04:50 +0000 Rick Lackey http://www.citycre.com/wordpress/?p=164

Savings — Over $3,300,000

Sq. Ft. — 112,000

Property Type — Office
Submarket — Northeast Atlanta, I-85, Norcross, Gwinnett County
Landlord Represented by — Land Properties
Tenant Represented by — City Commercial Real Estate*

• 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%
• Negotiated reduction in below market renewal option rental rate additional $.89 psf
• Maximized flexibility through options to: terminate, contract & expan

*Agent completed while with prior company.

American Express Company is a diversified worldwide travel, financial and network services company. It is a leader in charge and credit cards, travelers cheques, travel, financial planning, investment products, insurance and international banking.

Savings — Over $186,000

Sq. Ft. — 7,458

Property Type — Office
Submarket — North Fulton, Alpharetta Georgia, GA-400
Landlord Represented by — Duke Realty
Tenant Represented by — City Commercial Real Estate

• Negotiated a full build-out allowance to include upgrades in lobby and conference room.
• Negotiated concession package to include significant free rent.
• Negotiated $15,000 Moving Allowance.
• Negotiated $2.50 Per Sq. Ft. reduction in rental rate.

Founded in 1916, Sidney O. Smith Insurance Agency has offices in Atlanta and Gainesville, Georgia.

]]> http://www.citycre.com/northwinds-11605-haynes-bridge-road-alpharetta-georgia-30004/feed/ 0 http://www.citycre.com/royal-ridge-11680-great-oaks-way-alpharetta-georgia-30022-2/ http://www.citycre.com/royal-ridge-11680-great-oaks-way-alpharetta-georgia-30022-2/#comments Mon, 25 Aug 2008 23:06:28 +0000 Rick Lackey http://www.citycre.com/wordpress/?p=152 Savings — Over $1,100,000

Property Type — Office
Submarket — North Fulton, Alpharetta Georgia, GA-400
Sublessor Represented by — CRESA
Subtenant Represented by — City Commercial Real Estate

• Negotiated a full service rental rate that was 30% below the market rental rate.
• Negotiated significant free rent.
• Negotiated free use of all of the sublandlordís existing furniture, an allowance to purchase a brand new internet phone system.
• Construction of a demising wall and multi-tenant corridor.
• Flexibility through expansion and termination rights

Park City Solutions is a leading provider of healthcare information technology software and consulting solutions serving the U.S. commercial and government healthcare provider markets.

Savings — $1.5 Million

Property Type — Office
Submarket — North Fulton, Alpharetta Georgia, GA-400
Landlord Represented by — Highwoods Properties
Tenant Represented by — City Commercial Real Estate

• 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.

Microtek Medical Holdings, Inc. is a leading manufacturer and marketer of infection control products, fluid control products and safety products to healthcare professionals.

]]> http://www.citycre.com/13000-deerfield-parkway-alpharetta-ga-30004/feed/ 0 http://www.citycre.com/3344-peachtree-road-atlanta-georgia-30326/ http://www.citycre.com/3344-peachtree-road-atlanta-georgia-30326/#comments Thu, 21 Aug 2008 20:37:53 +0000 Rick Lackey http://www.citycre.com/wordpress/?p=145

Savings — Over $1,800,000

Property Type — Office
Submarket — Buckhead
Landlord Represented by — Regent Partners
Tenant Represented by — City Commercial Real Estate

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.

Challenges to relocation

• Long term prestigious location
• Safety regulations as they related upper floors of new buildings
• High construction costs associated with club space

Benefits of new location

• New trophy building located across the street
• Expanded conferencing and ballroom for meetings and events
• New layout improves the, dining room grill, bar and kitchen
• New executive fitness center
• Much improved access
• Technology enhancements
• Significant long term costs saving

The Buckhead Club is owned by Clubcorp and was founded in 1988 as a members only exclusive business club. Its members include some of the most influential business leaders in Atlanta.

Savings — $455,000

Property Type — Office
Submarket — Buckhead
Landlord Represented by — CB Richard Ellis
Tenant Represented by — City Commercial Real Estate

• KI’s first Atlanta Showroom.
• High profile contract furniture showroom for the design community.
• Required preparation of detailed business case for CEO approval process.
• Office Park Conference Center will be used as additional showroom.
• Over 20% rental concession.

Founded in 1941, KI manufactures a comprehensive and diverse line of office, commercial, institutional, and educational furniture. ]]> http://www.citycre.com/piedmont-fourteen-center-3535-piedmont-road-atlanta-georgia-30305/feed/ 0 http://www.citycre.com/monarch-plaza-3414-peachtree-road-atlanta-ga-30326/ http://www.citycre.com/monarch-plaza-3414-peachtree-road-atlanta-ga-30326/#comments Thu, 21 Aug 2008 20:29:19 +0000 Rick Lackey http://www.citycre.com/wordpress/?p=139

Savings — $5,900,000

Sq. Ft. — 27,708

Property Type — Office
Submarket — Buckhead
Landlord Represented by — Equitable Real Estate Management
Tenant Represented by — City Commercial Real Estate*

• 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

*Agent completed while with prior company.

Computer Sciences Corporation is a leading global information technology (IT) services company. With approximately 90,000 employees, CSC provides innovative solutions for customers around he world by applying leading technologies.