CarterBlog

Carter Awards Deal of the Month for July and August to Top Brokers

By Elizabeth Jinks, director of marketing and research at Carter

Carter is pleased to award its Deal of the Month honors for July and August to several deserving brokers and their teams for their pivotal roles in each deal.

The July Deal of the Month was awarded to Drew Fleming, vice president; Mark Joines, senior associate; Rob Adamson, vice president and Debbie Strom, marketing assistant. This team in Carter’s investment sales group was given the award for selling a 95 percent vacant REO shopping center, The Paragon at 4500 Satellite Blvd, Duluth, Ga.

The Paragon Shopping Center was an REO property for Flagstar Bank which was foreclosed on last October. The 170,000 square-foot mixed-use center sold for $6.5 million ($37 per square foot). The new owner, NDI, plans to capitalize on the demographic in the area and market to an Asian supermarket and other Asian retailers.

The August Deal of the Month was awarded to Senior Vice President Stuart Alston and his administrative assistant Trish Croom for the continued service as office tenant representatives for Atlanta Capital Management.

Atlanta Capital Management recently relocated from Two Midtown Plaza to 1075 Peachtree, the office component of 12th & Midtown. ACM has been Stuart’s client for 20 years. The new office location is 20,045 square feet and more than $6.5 million square feet in volume.

Stuart is celebrating 35 years with Carter this year. Trish has been with the company almost 19 years and has worked with Stuart for 13 years.

Another notable deal in August was 178,354 square feet at 104 Wiley Rd., LaGrange, Ga., which sold for $2.35 million. Bill Doran, vice president; Wills Allen, associate and Cheryl Dervan, administrative assistant, are credited for this industrial sale.

As Director of Research, Elizabeth Jinks manages the staff, daily operations and vendor relationships for the group and provides her clients with a link to all of Carter’s many research resources. As author of all of Carter’s proprietary research publications, market overview sections of offer memorandums, third party quarterly reporting, and market forecasting, Elizabeth has an in-depth knowledge of the commercial real estate market, resources, and analytic skills to add value to any project.

T5 Shares Data Center Expertise in Site Selection Magazine

ATLANTA (March 12, 2010) - Pete Marin, president of T5 Partners, a key strategic alliance partner of Carter’s, penned an editorial piece on data centers for Site Selection magazine.

 The article, “Data center site selection for large corporations wanting to own their own facilities comes down to several basic factors,” appears in the March edition.

In the piece Marin, left, walks executives through the process of site selection for data centers, with insights into some of the unique elements of which they should be aware, including geographic diversity preferences, disaster avoidance and cost and availability of power.

Marin’s piece goes on to talk about some of the opportunities in data center development, pointing out that in the recession, few companies have committed resources to expanding their data capacity at a time when the way people use the Internet and store data has changed drastically.

“The combination of volume growth and price increases in the data center market has driven industry revenue from $1.5 billion in ’06 to [$3.2. billion in 2010.] [2010 projection.] This is just for Wholesale and Collocation data centers.  New construction for Large Enterprise data centers is currently estimated at $5 [billion]-$6 billion in 2010 and expected to double to $10 [billon]-$12 billion by 2015,” Marin noted in Site Selection.

He points to North Carolina as one of the states that has all of the pieces in place for future growth in data centers. Site Selection magazine chose Marin because of his expertise in this particular arena.

To view the article, visit Site Selection and go to page 278. The magazine starts on Page 130, for the record.