CarterBlog

Carter Secures Nearly 30,000 Sq. Ft. in Leases at Piedmont West

ATLANTA (August 31, 2011) - Carter secured nearly 30,000 square feet of new leases at Piedmont West over the past 30 days. Carter’s Senior Vice President Glenn Kolker heads up leasing for the building and served as landlord representative on each transaction.

Internal/family medicine practice Braude, Mermin, Spivey, Malamis & Perry will relocate to a 6,800-square-foot space on the first floor of Piedmont West from its current location at 1109 W. Peachtree St. in Midtown. Peyton Wimberly of Cushman & Wakefield represented the tenant.

Piedmont Healthcare will expand its lease on the third floor by 10,000 square feet for legal and administrative offices. John Shlesinger and Steve Barton of CB Richard Ellis represented the tenant.

Van Meter Pediatric Endocrinology leased 5,500 square feet on the fourth floor. Bob Allen of Colliers International represented the tenant.

Georgia Skin Specialists - Dr. Linda Benedict - will relocate from its current location at 3280 Howell Mill Road to the sixth floor of Piedmont West. The dermatology practice will occupy a 5,400-square-foot space. Michael Hubley of Sperry Van Ness represented the tenant.

Piedmont West’s street-level retail space also is filling up. Rising Roll Gourmet, a salad and sandwich shop, just opened a location in the building.

Other building tenants include prominent practice groups such as Atlanta Center for Reproductive Medicine, Atlanta Gastroenterology Associates, Dr. Mark Codner, MD-Plastic Surgery and Jenkins Clinic. Carter developed the mixed-use outpatient facility encompassing 264,000 square feet of medical office and retail space that opened in 2009.

“Medical office continues to be one of the brighter spots in commercial real estate,” said Kolker. “Piedmont West is benefiting from that trend since it is a newer medical office building with state-of-the-art features that today’s physician practices and patients require.”

 

Young Council of Realtors Bus Tour

By: Charles Holloway Jr. SIOR, senior vice president for Carter

On Wednesday, Nov. 3 the Young Council of Realtors hosted a free bus tour of west Midtown which focused on past and present developments which have transformed the West Side into a thriving business district.

The tour started at White Provision office development on 1100 Howell Mill Rd and made stops at King Plow Arts Center, 1235 Chattahoochee Ave, Piedmont West, Atlantic Station and ended back at White Provision. The group then headed to Ormsby’s for happy hour.

I served as a moderator on one of the two buses for the tour along with Joseph Rogers of Wilson, Hull & Neal, where both of us discussed new business service development and mixed-use development over the past five years as well as the general status of the “West Town” and “Old Chattahoochee” markets.

On our third stop, Piedmont West, the group was met by Carter’s Glenn Kolker who gave us more information about the 2-year-old building.  The U.S. Environmental Protection Agency (EPA) presented the medical office building with a 2010 ENERGY STAR award in recognition of its commitment to protecting the environment through energy efficiency and management. Piedmont West is the only multi-tenant medical office building in the state of Georgia at this time to receive the ENERGY STAR label. To see pictures from this stop, view the photo album on Carter's Facebook page.

Mike Shelly of Carter gave us a tour of the 271 17^th Street building and a general overview of Atlantic Station including occupancy through the present. Carter leases and manages the three office buildings in Atlantic Station. The participants seemed to enjoy viewing as well as the status reports of recent projects such as White Provision, King Plough, Brick Works and Selig’s holdings in “old Chattahoochee” and Atlantic Station. I think some of the participants found it amusing and amazing when I pointed out a few buildings that I have leased five or six times and sold two or three times over the years.

Charles Holloway joined Carter in 1970, when it was known as Pope & Carter, and recently celebrated his 40th year as a leader in the industrial sales and leasing division. Charles also focuses on income producing-properties and investment sales, and provides tenant representation services to some of the nation’s top industrial space users. He received both Phoenix Awards from the Atlanta Commercial Board of Realtors in 1985 and 2000, and was a top 10 industrial producer in 2003 as chosen by the Atlanta Commercial Board. Charles has received Broker of the Year Awards from Prologis Trust in 1999 and 2003, the prestigious Dealmakers Award from Heitman Properties in 1995 and Carter’s Outstanding Lease Transaction Award in 1983 and 1987.  Charles is a 32 year member of The Society of Office  & Industrial Realtors.

Piedmont West Earns ENERGY STAR Designation

The U.S. Environmental Protection Agency (EPA) has presented Carter’s Piedmont West Medical Office Building in Atlanta with a 2010 ENERGY STAR award in recognition of its commitment to protecting the environment through energy efficiency and management.

The Property and Facility Management Group of Carter, one of the country's leading full-service commercial real estate firms since 1958, continues to decrease energy consumption across its 25-million-square-foot portfolio, adding another ENERGY STAR rated building.

Piedmont West is a 268,894 square-foot, multi-tenant medical office building constructed in 2008. The 9-story building is home to Piedmont Healthcare’s Cancer Center. Piedmont West is the only multi-tenant medical office building in the state of Georgia at this time to receive the ENERGY STAR label.

“As commercial property owners and managers, it is our responsibility to ensure our clients' properties are managed in the most cost-effective and resourceful manner,” explained Holly Hughes, executive vice president of Carter's Property and Facility Management Group. “Energy efficiency has always been an important component of building operations at Carter, due to both financial and environmental concerns. ENERGY STAR provides a solid, widely recognized standard by which we can evaluate a building's performance.”

Piedmont West is home to Peachtree Hematology-Oncology Consultants, Atlanta Center for Reproductive Medicine, Atlanta Gastroenterology Associates, Malizia Clinic, Piedmont Radiology Imaging Services and Piedmont Radiation Oncology.

Other properties under Carter’s management with ENERGY STAR awards include:

• 171 17th Street in Atlanta, a 23-story, 510,000-square-foot Class A office tower in the Atlantic Station mixed-use development. 
• River Park in Norwalk, Conn., a five-story, Class A suburban office building comprising 412,231 square feet.
• Four Penn Center in Philadelphia, Penn., a Class A 522,600-square-foot office building.
• Fifth Street Towers in Minneapolis, a twin tower, Class A office complex totaling 1,065,000 square feet.
• Corporate Center I and II in Tampa, Fla., Class A office buildings totaling almost 700,000 square feet.
• Hidden River I and III in Tampa, Fla., Class A office buildings comprising 285,961 square feet.
• Satellite Place 300, 400 and 600 in suburban Atlanta, Class A office buildings totaling 435,458 square feet.
• Hartsfield Centre in Atlanta, Ga., an eight-story Class A office building totaling 147,731 square feet.

The U.S. Environmental Protection Agency and the U.S. Department of Energy created the ENERGY STAR program in 1992 in order to help homeowners and businesses save money and protect the environment through the use and implementation of energy efficient products and practices. Since then, ENERGY STAR's program has helped in measuring current energy performance, setting goals, tracking savings and rewarding improvements.

Carter's property and facility management group offers a full-range of services, including corporate facilities management, technical services/evaluation, financial services/operational expense analysis, project management/construction management, preventative maintenance and facilities assessment/long-term planning.

Cisneros: Demand for Mission-Critical Buildings, Facilities Remains Strong

By Tony Wilbert, Wilbert News Strategies

AUSTIN, Texas (June 4, 2010) - Though the U.S. office and industrial markets continue to struggle, each sector has a bright spot. Specifically, demand for medical office/bioscience properties and data centers is holding up well in the challenging commercial real estate market, CityView Executive Chairman Henry Cisneros said this week.

The need for mission-critical facilities such as data centers and medical office buildings should continue to outpace demand for tradition office and industrial space, Cisneros told the 44th Annual National Association of Real Estate Editors Conference in Austin.

Cisneros served as Housing and Urban Development (HUD) secretary from 1993-1997 under President Bill Clinton. As executive chairman of Los Angeles-based CityView, an urban institutional invement firm, Cisneros has been involved with more than $2 billion in commercial and residential real estate transactions covering 45 projects in 13 states. CityView is an offshoot of American City Vista, a firm Cisneros founded in 2000 to work with homebuilders to develop homes average Americans could afford. 

He does see other "promising" sectors of the commercial real estate market. "Hotels can lead commercial real estate to recovery" because practically no new supply was added during the recession. Infrastructure work such as transportation and ports projects will boost the commercial real estate industry as well.

The apartment sector also is very promising, Cisneros said. As the percentage of Americans who own homes continues to fall due to the mortgage crisis, demand for apartments will increase, he said. The national homeownership rate has fallen from 70 percent to about 65 percent, and each point of decline equates to 1.5 million households needing new places to live, Cisneros said.

"There will be a major need for apartments," he said.