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November 6, 2009

COX LEASES FOUR FLOORS AT ACKERMAN TOWER
Atlanta-based company leases nearly 95K at 9000 Central Park

ATLANTA (Nov. 6, 2009) – In one of Atlanta’s largest office deals of the year, Cox Enterprises Inc. has signed a lease for 94,800 square feet at Ackerman’s 9000 Central Park in the Perimeter area.

Atlanta’s largest private company and one of the region’s largest employers, Cox will use the 206,000-square-foot Class A tower as future expansion space for its corporate offices adjacent to its headquarters at 6205 Peachtree Dunwoody Road. The deal comes two years after Ackerman & Co. purchased 9000 Central Park in one of the most watched real estate transactions in America – when the former Equity Office Properties sold its entire real estate holdings in Atlanta to Rubenstein, which then flipped 9000 Central Park to Ackerman.

John Shlesinger, Vice Chairman of CB Richard Ellis Co. in Atlanta, brokered the deal for Cox. Frank Farrell and Gwen Wegman, both Senior Vice Presidents of Ackerman, represented the landlord.

“It became an attractive choice for Cox to select 9000 Central Park,” said Kris Miller, President of Ackerman & Co. “The layout, design, free parking, proximity to MARTA and its easy access to both Interstate 285 and Georgia 400 were compelling features for the company.”

The Perimeter area of Atlanta is home to Cox Enterprises headquarters staff as well as headquarters for its four major operating subsidiaries: Cox Communications, Manheim, Cox Media Group and AutoTrader.com.

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Headquartered in Atlanta, Ackerman & Co. is a leading full-service commercial real estate companies in the southeastern United States. Our expertise in four primary disciplines — brokerage, development, investment and management — enables us to quickly and effectively respond to our clients and create value through innovative real estate solutions. Although each division operates with a high degree of autonomy, together they form a unified, fully diversified organization that can provide as broad or as specific a range of services in order to deliver the best solution for our clients.

Ackerman manages over 4 million square feet of real estate, including Perimeter Town Center, Phoenix Office Park, Powers Pointe, 9000 Central Park, and Premier Plaza.

Founded by Charles S. Ackerman in 1967, Ackerman & Co. boasts an in-house team more than 100 real estate professionals whose experience spans virtually every aspect of the business. Through efficient management, aggressive sales and leasing, and exemplary tenant representation, the company has established itself as an Atlanta specialist with a strong presence in the national real estate marketplace. But it’s our knowledge, flexibility, comprehensive approach and experience that best equip us to serve our clients today and in the future.

October 6, 2009

GODDARD SCHOOL NAMES COBB AREA FOR NEW SCHOOL
Ackerman sells private school tract at Tramore Pointe on East-West Connector

ATLANTA (Oct. 6, 2009) – Ackerman & Co. has sold 1.7 acres to The Goddard School for a new Cobb County location.

The Goddard School is planning to develop a new private school just off the East-West Connector, scheduled to open in the Spring of 2010. Goddard School, a private early education center, has more than two dozen locations throughout metro Atlanta.

Mike Martin, Vice President for Ackerman, represented the landlord in the transaction.

Tramore Pointe is Ackerman’s 60-acre mixed-use project along the East-West Connector, and is home to such companies as Kaiser Permanente, Homeland Storage, Holiday Inn and Zaxby’s restaurant.

Other Ackerman deals in recent weeks include:

M&M Merchandisers renewal of 32,000 square feet at 6095 Boatrock Blvd., a 32,800-square-foot industrial building in Fulton Industrial. Kate Sharp, Vice President with Ackerman, brokered the direct deal for the tenant.
Croy Engineering renewed 24,100 square feet at White Water Business Park in Marietta for six years. Jimmy Stevens and David Ellis, both Vice Presidents with Ackerman, brokered the deal for the landlord in a direct deal.
Procom Home Products Inc. purchased 500 Brown Industrial Parkway, an 84,900-square-foot manufacturing facility in Canton from HD Supply for an undisclosed price. The purchase included 11.5 acres. Ackerman’s Stevens and Ellis brokered the sale for Procom and Stuart Pendley with CB Richard Ellis Group Inc. in Atlanta represented the seller.

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July 3, 2009

LOGISTICS FIRM INKS 100K IN FULTON INDUSTRIAL
Ackerman Places New Jersey-based Jerich USA at Gateway Distribution Center

ATLANTA (July 3, 2009) – Ackerman & Co. has inked a deal with Jerich USA to occupy 106,000 square feet at Gateway Distribution Center, pushing up occupancy to 75% at the property the real estate firm acquired in January.

Jerich USA, a New Jersey third-party logistics firm, is opening its first Atlanta location to serve its client Sappi Paper Company. Jerich signed a 5-year deal at 6047 Fulton Industrial, in the two-building, 410,000-square-foot distribution warehouse on Fulton Industrial Boulevard near the intersection of Fulton Industrial and Camp Creek Parkway.

Mike Martin, Senior Vice President, and Kate Sharp, Vice President, both with Ackerman, brokered the deal for the landlord. Bob Kontur with UGL Equis represented Jerich.

Ackerman Gateway LLC – a private investment group formed to purchase the property and managed by Ackerman & Co. – bought Gateway in January for $6 million from a fund managed by ING Clarion. At the time, the property was half leased.

“A driving factor in Jerich’s decision had to do with the CSX rail line that directly serves the property,” said Ackerman’s Martin. “We’re seeing a lot of momentum at this property and are in talks with two other firms.”

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June 15, 2009

ACKERMAN TO DEVELOP ADVANCED’S CORPORATE HQ
Advanced® to Build a 60K SF Project on Westside Parkway in Alpharetta

ATLANTA (June 15, 2009) – Ackerman & Co. will develop a 60,000-square-foot headquarters building in Alpharetta for AdvancED, the parent company of the Southern Association of Colleges and Schools, Council on Accreditation and School Improvement. The project, being managed by Ackerman, will be located on 5.5 acres along Westside Parkway near Maxwell Road.

AdvancED, which is responsible for the accreditation and school improvement services for more than 27,000 educational institutions around the globe, will move from its current locations in Decatur, including a 26,000-square-foot facility behind the Veterans Administration hospital.

Ted Schwartz, Senior Vice President at Ackerman & Co., represented AdvancED in the land purchase from Cousins Properties Inc. and handled the organization’s 16-month sublease at Northwinds II – a lease the company will occupy, beginning in July, until the headquarters is completed.

“Our steady growth during the past decade requires us to expand our corporate office to ensure that we are able to continue providing outstanding service to our schools and school systems throughout the world,” said Dr. Mark Elgart, President and CEO of AdvancED. “Ted did a great job in helping us find land that wasn’t even being marketed for sale.”

AdvancED will also pursue LEED Silver or higher designation on its headquarters. R.J. Griffin will act as the general contractor with Warren Epstein and Associates as the architect.

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June 26, 2009

Document Company Takes 14,400 SF on West Oak Parkway

ATLANTA (June 26, 2009) – Ackerman & Co. has assisted D&D Aviation Services with a lease at 1765 West Oak Parkway in Marietta. D&D Aviation, an aviation document company, inked a deal for 14,100 square feet in this 66,100-square-foot flex office property for its printing operations. Hunter Carpenter and Taylor Huggins, both Associates with Ackerman, represented the tenant in the transaction. The landlord was represented by Will Lombard with Seefried Industrial Properties. Other recent Ackerman deals include:

Five Star Elite All-Stars, which leased 14,600 square feet at 7468 Jonesboro Road in Jonesboro for five years. Ginny King and Mike Myrick, both Senior Vice Presidents, and Carpenter with Ackerman, represented the tenant in this direct deal with Development Company of America.
The sale of the former JD’s Glassworks Building on Highway 92 in Woodstock, which sold to investor Bryan Hudson of Columbus for $1.53 million, or $51 per square foot. The 30,000-square-foot flex office building was home to JD’s Glassworks, but the company inked a lease for 10,400 square feet at 1427 Londonderry Drive in Woodstock. Ted Schwartz, Senior Vice President,, and Jason Powell, Vice President, both with Ackerman, brokered the deal for the company.

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Ackerman manages over 4 million square feet of real estate, including Perimeter Town Center, Phoenix Office Park, Powers Pointe, 9000 Central Park, and Premier Plaza.

Founded by Charles S. Ackerman in 1967, Ackerman & Co. boasts an in-house team more than 100 real estate professionals whose experience spans virtually every aspect of the business. Through efficient management, aggressive sales and leasing, and exemplary tenant representation, the company has established itself as an Atlanta specialist with a strong presence in the national real estate marketplace. But it’s our knowledge, flexibility, comprehensive approach and experience that best equip us to serve our clients today and in the future.

March 08, 2008

Ackerman & Co. Launches new Medical Development.

Click here for new website

April 22, 2009

In Atlanta, Irrational Building Exuberance

"The math was compelling. Office buildings were selling for $400 a square foot, while you could build one for $300 a square foot, according to Kris Miller, president of Ackerman & Co., an Atlanta real-estate firm. Fill a 500,000-square-foot building with tenants and then flip it to the next guy with various fees added, and you could make about a $45 million profit, he said."

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