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Speros has over 25 years of Commercial Real Estate experience and has been involved with virtually every type of commercial real estate transaction, including Land Sales, Office Leasing, Distressed Asset Sales, Tenant Representation, Office Leasing, Hotel Site Selection, Ground Leases, Build-to-Suit and Income Property Sales. Speros has also acquired land for and developed of a number of self-storage facilities in Florida and Georgia. His main focus has been in high profile land parcels along major growth corridors throughout Atlanta and the southeastern United States. John has represented companies such as General Electric, Hines Interest, Mutual of New York, and Prime Hospitality in their needs to acquire or dispose of commercial real estate assets. Speros received the Alvin B. Cates Award for the most significant and outstanding commercial real estate transaction in Atlanta in 2003 and 2007.
Beginning in early 2008, Mr. Speros recognized that the need for land for development would diminish significantly and refocused his efforts on the distressed assets. Since that time he has represented Banks of North Georgia, Regions Bank, SunTrust Bank and BB&T in the sale of their commercial and residential REO assets. Most recently, Mr. Speros represented a private equity fund in the acquisition of REO assets that had an unpaid principal balance of over $160,000,000.
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Distressed Assets
- MOUNTAIN REAL ESTATE - Represented Mountain Real Estate in the acquisition three (3) pools of assets owned by Bank of North Georgia. The pools included approximately 2,500 residential building lots and aver 2,000 acres of land. The total unpaid principal balance of loans secured by the assets was in excess of $160,000,000. These closing occurred at the end of the 1st quarter and end of 2nd quarter 2010.
- REGIONS BANK - Represented Regions banks in the sale of a number of REO assets including a partially developed 24 acres commercial track, an office building and several subdivisions in 2009 and 2010.
- SUNTRUST BANK – Selected as one of 3 brokerage companies to represent SunTrust in the disposition of their ROE portfolio.
- BB&T – Representing BB&T in the sale of the high profile “Great Gatsby” site on Peachtree Boulevard just north of Brookhaven. Located just north of prestigious Brookhaven, this property was planned for a major mixed use development.
- WATER – Representing ARK in the acquisition of a Regions loan that was secured by numerous building lots in the Waters, a high end residential development just outside Montgomery, Alabama. The transaction closed on May of 2010.
Non Distressed Assets
- ALEXAN 360 - Represented the land owner in the sale of 9.8 acres at Freedom Parkway and Interstate 75/85 in Downtown Atlanta to Trammell Crow Residential for development of Alexan 360, a 592 unit multifamily development. The property sold for $17.5 million on October of 2007.
- EDGEWOOD RETAIL DISTRICT - Represented Atlanta Gas Light Company in the sale of 34 acres to Sembler Company for development of a mixed use project known as the Edgewood Retail District on Moreland Avenue in Atlanta. The project contains 550,000 square feet of retail space including Lowes, Kroger and Target, with 350 residential units. The sale price was $30 million.
- ORLANDO GATEWAY - Represented Southeast Investments in the sale of 4 hotel sites at the Orlando, FL airport to McKibbon Hotel Group for $8.2 million in November of 2007.
- PARAMOUNT - Hanover/Buckhead: Represented The Hanover Company in the acquisition of a 1.54 acre site for a 39 story, 300 unit luxury residential tower in the Buckhead area of Atlanta. Land transaction value of $3.35 million.
- CITYVIEW - Georgia Baptist Retail/Multi Family: Represented Realty Development Corporation in the acquisition of a 3.46 acre site for a mixed use development in Midtown Atlanta. The project contains 255 residential rental and “for sale” units as well as a CVS Pharmacy. Land transaction value of $4 million. CVS lease transaction value of $5.2 million.
- HOWARD SCHOOL - Represented the Howard School in the acquisition of a 13.5 acre site in Midtown for development of a new campus. Land transaction value of $7.78 million.
- OVERTON PARK - Represented Hines in the acquisition of 33 acres for a mixed use, master planned development planned for 1.1 million SF of office space, 400 luxury residential units, a full service hotel and 5 restaurant/bank sites in Northwest Atlanta; Land transaction of $23 million.
- PERIMETER SUMMIT - Structured a joint venture between Hines and General Electric in the development of a 400,000 SF class A office building on 2.6 acres in the Central Perimeter area of Atlanta; Land transaction of $6 million.
- BUCKHEAD STATION - Represented Bank of Boston in the sale of 12 acres for development of a 230,000 SF retail center and a high rise residential tower in the Buckhead area of Atlanta; Land transaction of $9.5 million.
- PROMINENCE - Represented Schaedle Worthington in the assemblage of 8.9 acres which was developed as Prominence, a 800,000 SF office complex in Buckhead; Land transaction of $4 million.
- NOBLE INVESTMENT GROUP - Represented Noble in the acquisition of 6 Hilton and Marriott hotel sites totaling 17 acres in Georgia and Florida; Land transaction of $8 million.
- BUCKHEAD PAVILION - Represented seller and developer in the sale of 5.9 acres which was developed into a 100,000 SF high end retail center on Peachtree Road in Buckhead, Atlanta; Land transaction of $5.75 million.
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- B.B.A., Finance, University of Georgia
- M.B.A., Systems Analysis and Design, University of Georgia
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John Speros
770-913-3910
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