ATLANTA, Ga. --- Lavista Associates, one of Atlanta’s leading commercial real estate companies, reports it sold 36 commercial REO properties in 2010 with 10 of those sold in the month of December alone.
Tom Davenport, president of Lavista Associates, Inc. said proceeds from sales of REO properties in 2010 totaled more than $24 million.
Lavista Associates represented 11 banks and lending institutions in the sales, Davenport said.
Commercial REO assets sold in 2010 included 20 office buildings, two office condominium projects, seven retail strip centers, one convenience store, five industrial properties, and one self-storage facility.
Lavista Associates is currently responsible for the marketing of 54 REO properties representing eight financial institutions. The firm is currently engaged in the marketing, sales and management of 37 office condominium projects.
“Our REO work saw substantial growth in 2010 and we expect that trend to continue in 2011,” Davenport said.
Lavista Associates recently added three major REO clients---First Citizens Bank, BB&T, which awarded assignments to Lavista Associates in the fourth quarter of 2010, and Ameris Bank, which selected Lavista Associates in December.
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For more information contact: Tom Davenport, President, Lavista Associates, Inc. 770-448-6400; tdavenport@lavista.com; Kimberly Steele, Director of Marketing & Administration, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About Lavista Associates, Inc.: Serving Atlanta for over 38 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
Showing posts with label Atlanta. Show all posts
Showing posts with label Atlanta. Show all posts
Friday, January 21, 2011
Tuesday, July 20, 2010
Atlanta Property Group acquires The Park at Perimeter Center East, Partners with Lavista Associates to lease the Three Office Buildings in Atlanta
ATLANTA - Atlanta Property Group (APG) recently acquired three mid-rise office buildings totaling 284,000 square feet at 41, 47 and 53 Perimeter Center East in Atlanta and have rebranded the property as “The Park at Perimeter Center East.”
The transaction represents one of the few significant office acquisitions in Atlanta’s Central Perimeter submarket in the past two years, Court Thomas, a partner at Atlanta Property Group, said.
“The Park at Perimeter Center East is a compelling opportunity for tenants,” Thomas said. “We have ample capital available for renovations, tenant improvements and leasing commissions, and our basis will allow us to compete aggressively for new tenants,” he explained.
Thomas said extensive renovations are already underway at The Park at Perimeter Center East, including upgrades to the lobbies, corridors, restrooms and building systems.
APG partnered with Atlanta-based Lavista Associates, Inc. to rebrand the buildings and have named Lavista Associates exclusive leasing representatives for the five and six- story buildings which are currently 50 percent occupied. Austin Chase and Kirven Brantley will be the on-site leasing representatives for Lavista at The Park at Perimeter Center East.
“Atlanta Property Group has differentiated itself as a well-capitalized, hands-on, local owner that will aggressively meet the market to attract new tenants and foster loyal tenant relationships,” said Chase.
Lincoln Property Company will manage the properties.
For more information contact: Austin Chase, Lavista Associates, Inc. 770-729-2842; Achase@lavista.com; Kirven Brantley, Lavista Associates, Inc. 770-729-2813 KBrantley@lavista.com; Kimberly Steele, Director of Marketing & Administration Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com
About Atlanta Property Group, LLC: Formed in 2003 to invest in multi-tenant office and industrial properties in the Atlanta area, Atlanta Property Group currently owns and operates assets totaling 1.6 million square feet, including the Peachtree 25th Building, Hightower Centre, Roswell North, Pavilion Center, North Gwinnett Medical Plaza, 1001 Cherry Drive and Mansell Commons. Visit www.atlantapg.com.
About Lavista Associates, Inc.: Serving Atlanta for over 37 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings. Visit www.lavista.com.
The transaction represents one of the few significant office acquisitions in Atlanta’s Central Perimeter submarket in the past two years, Court Thomas, a partner at Atlanta Property Group, said.
“The Park at Perimeter Center East is a compelling opportunity for tenants,” Thomas said. “We have ample capital available for renovations, tenant improvements and leasing commissions, and our basis will allow us to compete aggressively for new tenants,” he explained.
Thomas said extensive renovations are already underway at The Park at Perimeter Center East, including upgrades to the lobbies, corridors, restrooms and building systems.
APG partnered with Atlanta-based Lavista Associates, Inc. to rebrand the buildings and have named Lavista Associates exclusive leasing representatives for the five and six- story buildings which are currently 50 percent occupied. Austin Chase and Kirven Brantley will be the on-site leasing representatives for Lavista at The Park at Perimeter Center East.
“Atlanta Property Group has differentiated itself as a well-capitalized, hands-on, local owner that will aggressively meet the market to attract new tenants and foster loyal tenant relationships,” said Chase.
Lincoln Property Company will manage the properties.
For more information contact: Austin Chase, Lavista Associates, Inc. 770-729-2842; Achase@lavista.com; Kirven Brantley, Lavista Associates, Inc. 770-729-2813 KBrantley@lavista.com; Kimberly Steele, Director of Marketing & Administration Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com
About Atlanta Property Group, LLC: Formed in 2003 to invest in multi-tenant office and industrial properties in the Atlanta area, Atlanta Property Group currently owns and operates assets totaling 1.6 million square feet, including the Peachtree 25th Building, Hightower Centre, Roswell North, Pavilion Center, North Gwinnett Medical Plaza, 1001 Cherry Drive and Mansell Commons. Visit www.atlantapg.com.
About Lavista Associates, Inc.: Serving Atlanta for over 37 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings. Visit www.lavista.com.
Monday, June 21, 2010
The East Coast Retail Investment Team at Lavista Associates Negotiates Largest Sale of Multi-Tenant Retail Center in Jacksonville
ATLANTA - The East Coast Retail Investment Team at Lavista Associates, one of the Southeast’s leading commercial property brokers, based in Atlanta, recently negotiated the sale of Crossroads Square retail center on Blanding Blvd. at I-295 in Jacksonville, Fla.
Whitney Knoll, managing director of The East Coast Retail Investment Team at Lavista Associates and Pierce Mayson, director, negotiated the sale representing the seller, Abrams Properties, Inc. of Atlanta.
Global Fund Investments LLC, a real estate investment company headquartered in Miami Beach, acquired the 174,153 square foot power/community center. The sale represents the largest multi-tenant shopping center transaction in Jacksonville in more than three years.
“It’s always a pleasure to work with such veteran shopping center owners,” Knoll said. The sale was the third transaction Knoll has negotiated on behalf of long-time client Abrams Properties.
Over the past 36 months, Knoll has sold 35 properties in six states in the Southeast, totaling 3.3 million square feet. Property sales have generated more than $400 million in revenues.
Anchored by Floor & Decor, Office Depot, Dollar General and Harbor Freight Tools, Crossroads Square is 95 percent leased. Knoll said Lat Purser and Associates deserves some credit for the sale, as the property management firm has maintained a healthy 91+ percent occupancy at Crossroads Square retail center throughout the recession.
The purchaser assumed an existing Protective Life loan.
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For more information, contact: C. Whitney Knoll, Managing Director East Coast Retail Investment Team, Lavista Associates, Inc. 3105 Northwoods Place, Norcross, Ga. 770-729-2818; wknoll@lavista.com; Kimberly Steele, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com
About Lavista Associates, Inc.: Serving Atlanta for over 37 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
Whitney Knoll, managing director of The East Coast Retail Investment Team at Lavista Associates and Pierce Mayson, director, negotiated the sale representing the seller, Abrams Properties, Inc. of Atlanta.
Global Fund Investments LLC, a real estate investment company headquartered in Miami Beach, acquired the 174,153 square foot power/community center. The sale represents the largest multi-tenant shopping center transaction in Jacksonville in more than three years.
“It’s always a pleasure to work with such veteran shopping center owners,” Knoll said. The sale was the third transaction Knoll has negotiated on behalf of long-time client Abrams Properties.
Over the past 36 months, Knoll has sold 35 properties in six states in the Southeast, totaling 3.3 million square feet. Property sales have generated more than $400 million in revenues.
Anchored by Floor & Decor, Office Depot, Dollar General and Harbor Freight Tools, Crossroads Square is 95 percent leased. Knoll said Lat Purser and Associates deserves some credit for the sale, as the property management firm has maintained a healthy 91+ percent occupancy at Crossroads Square retail center throughout the recession.
The purchaser assumed an existing Protective Life loan.
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For more information, contact: C. Whitney Knoll, Managing Director East Coast Retail Investment Team, Lavista Associates, Inc. 3105 Northwoods Place, Norcross, Ga. 770-729-2818; wknoll@lavista.com; Kimberly Steele, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com
About Lavista Associates, Inc.: Serving Atlanta for over 37 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
Tuesday, April 20, 2010
Randall-Paulson Architects A Sponsor of Children’s Healthcare of Atlanta Spring Classic for Sixth Year
ROSWELL - Randall-Paulson Architects (RPA) is a sponsor of the Children’s Healthcare of Atlanta Spring Classic for the sixth year in a row. The game between college national powers and rival teams Georgia Tech Yellow Jackets and Georgia Bulldogs will be held April 27 at Turner Field. .
Michael B. Randall, AIA principal at RPA said he is leading a fundraising effort to collect donations throughout the community.
“Not only is the event fun to watch, but it’s been a great chance to contribute to the health of our next generation,” Randall said.
Since 2004, the Children’s Healthcare of Atlanta Spring Classic has raised over $1 million for Children’s Healthcare.
“It’s an important opportunity to help one of the country’s best pediatric hospitals – according to U.S. News & World Report – to thrive, grow and continue offering excellent service to our community,” Randall said.
The annual Classic is one of Children’s most successful fundraisers.
“Hopefully this year’s Spring Classic will be the largest in NCAA game history, and support the community in a way that could affect us all personally,” he said
To make a contribution to Michael Randall’s Children’s Healthcare Classic fundraising team, visit--- http://www.kintera.org/c.ohLUJ1PHKsG/b.5683993/siteapps/personalpage/ShowPage.aspx?sid=cqLKIXNIKoIQKXPBInH * * *
For more information about this press release, contact:
Michael B. Randall, AIA, Principal, Randall-Paulson Architects 770-650-7558; Beth Payan, Larry Vershel Communications 407-644-4142; lvershelco@aol.com
About Randall-Paulson Architects:
Headquartered in Roswell, Ga., Randall-Paulson Architects is a 15-year old commercial architectural design firm that specializes in the design of industrial, office, retail, mixed-use, education, religious, childcare, and hospitality facilities.
Michael B. Randall, AIA principal at RPA said he is leading a fundraising effort to collect donations throughout the community.
“Not only is the event fun to watch, but it’s been a great chance to contribute to the health of our next generation,” Randall said.
Since 2004, the Children’s Healthcare of Atlanta Spring Classic has raised over $1 million for Children’s Healthcare.
“It’s an important opportunity to help one of the country’s best pediatric hospitals – according to U.S. News & World Report – to thrive, grow and continue offering excellent service to our community,” Randall said.
The annual Classic is one of Children’s most successful fundraisers.
“Hopefully this year’s Spring Classic will be the largest in NCAA game history, and support the community in a way that could affect us all personally,” he said
To make a contribution to Michael Randall’s Children’s Healthcare Classic fundraising team, visit--- http://www.kintera.org/c.ohLUJ1PHKsG/b.5683993/siteapps/personalpage/ShowPage.aspx?sid=cqLKIXNIKoIQKXPBInH * * *
For more information about this press release, contact:
Michael B. Randall, AIA, Principal, Randall-Paulson Architects 770-650-7558; Beth Payan, Larry Vershel Communications 407-644-4142; lvershelco@aol.com
About Randall-Paulson Architects:
Headquartered in Roswell, Ga., Randall-Paulson Architects is a 15-year old commercial architectural design firm that specializes in the design of industrial, office, retail, mixed-use, education, religious, childcare, and hospitality facilities.
Thursday, September 3, 2009
Mercantile Capital Corporation Sees Jump in Lending Volume in August, to Finance I-Drive Hotel, Suburban Atlanta Dental Office Among Others
Mercantile Capital Corporation Sees Jump in Lending Volume in August, to Finance I-Drive Hotel, Suburban Atlanta Dental Office Among Others
ALTAMONTE SPRINGS, Fla. - Mercantile Capital Corporation, which ranks as one of the nation’s leading provider of U.S. Small Business Administration (SBA) 504 loans saw a big jump in commercial loan volume in August.
Christopher G. Hurn, president of Mercantile Capital Corp., said the firm closed on loans worth more than $12 million in August, up more than 212 percent over the same period last year.
Hurn said August loans included $4.5 million to acquire and renovate Best Western’s Sun Vista Hotel on International drive in Orlando and $1.1 million to acquire and renovate a dental office in Atlanta.
“We anticipate we will close on loans that total more than $90 million in 2009,” Hurn said.
SBA 504 loans offer 90 percent loan-to-cost financing at below-market rates for qualified small business owners who want to acquire or develop their own facilities.
SBA 504 loans offer 90 percent loan-to-cost financing at below-market rates for qualified small business owners who want to acquire or develop their own facilities.
For more information, contact:
Chris Hurn, CEO, Mercantile Capital Corporation, 407-786-5040
Geof Longstaff, Chairman, Mercantile Capital Corporation, 407-786-5040
Larry Vershel, Larry Vershel Communications 407-644-4142
Monday, August 17, 2009
Randall-Paulson Architects completes new logo design for Atlanta Center for Reproductive Medicine
Randall-Paulson Architects completes new logo design for Atlanta Center for Reproductive Medicine
ROSWELL, Ga. — Randall-Paulson Architects, the award winning Roswell-based planning, design and architectural firm, recently completed the re-design of the logo for Atlanta Center for Reproductive Medicine.
Alex S. Paulson, co-founder and partner at Randall-Paulson Architects, said the Atlanta-based reproductive medical practice requested a logo with a soft color palette and spa-like feel.
The image in the logo represents a parent and child and reflects the idea of the circle-of-life. The design also includes an iconographic image that can be separated from the company name for use on promotional products.
For more information, contact:
Alex S. Paulson, AIA, Co-Founder/Principal, Randall-Paulson Architects 770-650-7558; apaulson@randallpaulson.com;
Larry Vershel, Larry Vershel Communications 407-644-4142; lvershelco@aol.com
About Randall-Paulson Architects:
Headquartered in Roswell, Ga., Randall-Paulson Architects is a 15-year old commercial architectural design firm that specializes in the design of industrial, office, retail, mixed-use, education, religious, childcare, hospitality facilities and sustainable design.
ROSWELL, Ga. — Randall-Paulson Architects, the award winning Roswell-based planning, design and architectural firm, recently completed the re-design of the logo for Atlanta Center for Reproductive Medicine.
Alex S. Paulson, co-founder and partner at Randall-Paulson Architects, said the Atlanta-based reproductive medical practice requested a logo with a soft color palette and spa-like feel.
The image in the logo represents a parent and child and reflects the idea of the circle-of-life. The design also includes an iconographic image that can be separated from the company name for use on promotional products.
For more information, contact:
Alex S. Paulson, AIA, Co-Founder/Principal, Randall-Paulson Architects 770-650-7558; apaulson@randallpaulson.com;
Larry Vershel, Larry Vershel Communications 407-644-4142; lvershelco@aol.com
About Randall-Paulson Architects:
Headquartered in Roswell, Ga., Randall-Paulson Architects is a 15-year old commercial architectural design firm that specializes in the design of industrial, office, retail, mixed-use, education, religious, childcare, hospitality facilities and sustainable design.
Friday, May 8, 2009
Randall-Paulson Architects Complete Renovation Services at Jameson Inn and Suites in Peoria, Ill.
Randall-Paulson Architects Complete Renovation Services at Jameson Inn and Suites in Peoria, Ill.
ROSWELL, Ga. – Randall-Paulson Architects, the award winning Roswell-based architectural firm, recently completed exterior renovation and addition design services for the second phase of work at the 111-room Jameson Inn and Suites hotel at 4112 N. Brandywine Drive in Peoria, Ill.
Alex S. Paulson, AIA, co-founder and Principal at Randall-Paulson Architects, said the 58,138 square foot inn and suites hotel boasts dramatic changes to the exterior and a stunning new glass enclosed swimming pool. Now a fresh, contemporary destination the renovated drive-through canopy, roof and wood brackets, entry vestibule and updated color palette establish a new welcome for guest arrivals.
The first phase of renovations included substantial interior improvements to lobby and common rooms, guest rooms and suites, Paulson said.
Headquartered in Roswell, Ga., Randall-Paulson Architects is a 15-year old commercial architectural design firm that specializes in the design of industrial, office, retail, mixed-use, education, religious, childcare, and hospitality facilities.
For more information, contact:
Alex S. Paulson, AIA, Principal, Randall-Paulson Architects, 770-650-7558, apaulson@randallpaulson.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com
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