September 28, 2020 (Atlanta, GA) – Lee & Associates – Atlanta is pleased to represent a fund managed by a subsidiary of Ares Management Corporation, which acquired Black Creek Group’s U.S. real estate investment advisory and distribution business on July 1, 2021, on the purchase of a 30.2-acre tract off Wilkerson Mill Road and Highway 29 in the I-85 South submarket of metro Atlanta, Georgia. Ares intends to construct Wilkerson Mill Logistics Center, a Class…
LEE IN THE NEWS: Lee & Associates Atlanta Represents Black Creek Group at Wilkerson Mill Logistics Center in Palmetto, GA
LEE IN THE NEWS: Lee & Associates Atlanta Welcomes Cori Nuttall
Lee & Associates Atlanta welcomes Cori Nuttall as a Director, specializing in office and industrial leasing, as well as investment sales. Ms. Nuttall joins the Atlanta office from Lee & Associates Charleston, where she launched her career in 2018. Ms. Nuttall has since brokered over $45MM in transactions across five separate states in the Southeast. Her client portfolio spans a variety of industries including professional office, medical practices, financial institutions and manufacturing. She has represented…
LEE IN THE NEWS: ‘No slowdown in sight’ for Atlanta’s industrial real estate boom
Surging demand, especially for e-commerce projects, and record-low vacancy are creating Atlanta’s strongest industrial real estate market in years, and “there’s no slowdown in sight,” Lee & Associates Atlanta’s President and CEO David Howard told Atlanta Business Chronicle. “I call Atlanta the L.A. of the South,” Howard said. “There’s a lot of room for Atlanta’s industrial market to grow.”
Q2 2021 Atlanta Office Submarket Reports
Our 2021 Q1 Office Submarket Reports have arrived! Click on the images below to read:
Q2 2021 Atlanta Office Market Report
https://youtu.be/FUYgVyYs7wU Quarter two was another tough quarter for the Atlanta office market. Many office buildings are running at less than 35% capacity, as the goalpost for workers to return to the office has moved until after Labor Day. Net absorption was a positive 133,978 SF for Q2, the first positive absorption quarter in a year. Average asking rental rates increased $.40 over Q1 moving up to $28.97, while 1.6 MSF of new space delivered and…
Q2 2021 Atlanta Industrial Market Report
The Second Quarter Atlanta Industrial market continues to sizzle. Overall absorption reached almost 9 MSF, which is one of the strongest quarters ever. At the same time, the vacancy rate has dropped under 5% for the first time in over 30 years. Rental rates continue to increase with high demand and limited supply coming to market. Demand for E-Commerce warehouse space and the need to keep extra supplies on hand are causing users to reevaluate…
Lee Atlanta Welcomes James Simmel as Research Associate
Lee & Associates Atlanta is excited to welcome James Simmel to the firm. Mr. Simmel will be joining the Research Associate (RA) Program, providing market research support and analysis to our team of brokers with a focus on industrial properties.
LEE IN THE NEWS: Chance Taylor Promoted to Director
Lee & Associates Atlanta is pleased to announce the promotion of Chance Taylor to Director! Since joining in 2018, Mr. Taylor has been an integral part of the office and industrial leasing and sales team. Congratulations, Chance!
LEE IN THE NEWS: Lee & Associates Atlanta’s Allen Eager Represents Equity Residential in Purchase of Skyhouse South
Atlanta, Georgia (July 6, 2021) – Lee & Associates Atlanta’s Allen Eager is proud to have represented the buyer, Equity Residential, in the off-market acquisition of SkyHouse South at 100 6th St., Atlanta, GA 30308. Equity Residential purchased the asset from a partnership between Novare Group and Batson-Cook Development Company (BCDC). Allen Eager, Director at Lee & Associates Atlanta, says that “it was an honor to represent EQR in their first acquisition re-entering the Atlanta…