Savings — $4,620,000

Property Type — Industrial
Submarket — Fulton Industrial

• Leased and sold over 250,000 Sq. Ft. in six months in Interstate West Business Park.
• Rezoned 50 acres of industrial land to retail and sold it to Wal-Mart.
• Realti Corp bought the remaining 80 acres as part of the arrangement to develop the Wal-Mart super center.

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 — $1,350,000

Property Type — Industrial
Submarket — Fulton Industrial

• Made over 20 offers on buildings on and off the market within a three month period.
• Researched Westside Atlanta for all buildings over 200,000 Sq. Ft.
• Negotiated a purchase price $8 per SF below market price.

Aqua Ez offers chemicals of premium grade that are superior in quality and have a wide assortment of top quality maintenance products to help keep your pool clean. Their main client is Lowes.

]]> http://www.citycre.com/6100-wheaton-dr-sw-atlanta-georgia-30336/feed/ 0 http://www.citycre.com/royal-woods-business-park-royal-woods-drive-tucker-ga-30084/ http://www.citycre.com/royal-woods-business-park-royal-woods-drive-tucker-ga-30084/#comments Tue, 26 Aug 2008 01:38:18 +0000 Rick Lackey http://www.citycre.com/wordpress/?p=178

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 — 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.

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 — $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.

Savings — $1,100,000

Sq. Ft. — 50,000

Property Type — Office
Submarket — Central Perimeter, Perimeter Center, North Central
Landlord Represented by — CB Richard Ellis
Tenant Represented by — City Commercial Real Estate*

• Required three transactions:
  • Two temporary spaces; Concourse Corporate Center VI & NorthPark 400.
  • One permanent 50,000 Sq. Ft. anchor tenant transaction at NorthPark 600.
• Negotiated very aggressive expansion rights.
• Highly unconventional use and design in traditional building.
• Negotiated rights for client to work with their Boston based exclusive multi market project team including: Tenant rep; Designer; General contractor.

*City agent completed while with prior company.

Sapient is a leading business consulting and technology services firm that helps Global 2000 clients plan their investments in technology.

Savings — Over $1,100,000

Property Type — Office
Submarket — Midtown
Landlord Represented by — Colonial Properties Trust
Tenant Represented by — City Commercial Real Estate

• Two years of negotiations renewed and recast a 15 year old 15,233 RSF lease.
• Evaluated Downtown, Midtown, and Buckhead Submarkets
• Increased concession package over $450,000 from initial proposal.
• Increase flexibility through expansion and termination rights.

Windham Brannon has been a part of Atlanta since 1957 and is one of the 25 best accounting firms in America according to Bowman Accounting Report ]]> http://www.citycre.com/the-peachtree-1355-peachtree-street-atlanta-georgia-30309/feed/ 0