Georgia’s Busy Port Boosts Atlanta Industrial Market

Aug16
2017
Posted by
Marketing Staff

Savannah Port - ATL Industrial Market

The Port of Savannah is constantly breaking its own records. Just this past month, the port surpassed its July record for cargo handled, moving 336,000 TEUs (twenty-foot equivalent container units) – a nearly 7 percent increase over the previous July.

With this ongoing surge of cargo volumes, the Port of Savannah has grown into the fourth-busiest port in the U.S. for containerized materials, trailing only the Port of Los Angeles, Port of Long Beach, and Port of New York & New Jersey.

This is not only good news for Savannah’s economy – it also benefits Atlanta’s industrial market. That’s because many of the goods imported into Savannah are later trucked to Atlanta, one of the nation’s key distribution hubs.

 

As one of the top-10 consumer markets In the U.S. and a strategically located distribution hub, Atlanta is a logical market for retailers seeking to establish regional distribution centers that pack and ship products to stores, businesses and other end-users. Many of those items arrive in the U.S. via the Port of Savannah.

The roster of companies that have set up bulk distribution centers in Atlanta is proof of the city’s logistical benefits. In addition to the large existing centers in metro Atlanta for Google, PetSmart and others, online retailing giant Amazon.com recently announced plans for a more than 850,000-square-foot fulfillment center in Jackson County northeast of Atlanta that will create 1,000 jobs.

BLC - ATL Industrial Market

Those projects are indicative of the growing demand for industrial space in Atlanta, which is also spurring construction activity. Gross absorption in the Atlanta industrial market totaled 13.9 million square feet in the second quarter, up from 10.6 million in gross absorption during the same quarter a year ago. The construction pipeline remains active, with 13.2 million square feet under construction as of the second quarter.

Major projects under way in the metro area include Lambert Farms Logistics Park (1.5 million square feet) and Dollar General Distribution Center (1.2 million square feet).

Ackerman & Co. Enters Thriving San Antonio Medical Market

Aug10
2017
Posted by
Marketing Staff

Ackerman San Antonio CHRISTUS MOB AcquisitionSan Antonio, the seventh most populous city in the U.S., is attracting new residents at an impressive clip – the Alamo City added 24,473 residents between July 1, 2015 and July 1, 2016. During that time, only Los Angeles and Phoenix added more residents.

In fact, all of Texas’ major cities are popular relocation destinations – Dallas, Fort Worth, Houston and Austin all ranked in the top 10 for population gains.

The state is also experiencing extremely strong demand in the healthcare market, with a medical construction pipeline totaling $15.8 billion – second largest in the nation.

Ackerman & Co. was impressed with this extremely active construction pipeline and ongoing investment in new health system facilities. In particular, the $135-million investment by CHRISTUS in the city’s first stand-alone children’s hospital was a key reason the firm decided to team with Artemis Real Estate Partners and MLL Capital on the acquisition of a four-building, 423,411-square-foot MOB portfolio.


Two of those assets – Santa Rosa Professional Pavilion (128,578 SF) and Rosa Verde Tower (123,324 SF) – are on the campus of the newly-renovated and expanded CHRISTUS Children’s Hospital of San Antonio. Rounding out the portfolio, Northwest Towers I & II are on the campus of the CHRISTUS Santa Rosa Hospital – Medical Center.

So, it’s easy to see why Ackerman determined that the four on-campus properties offered a promising investment opportunity. Ackerman and its partners will spend $27 million to reposition the four MOBs into top-tier medical facilities to meet the rising demand for outpatient services.

In addition to the city’s strong demographics and thriving medical market, Ackerman & Co. viewed the $175-million redevelopment of San Pedro Creek – which runs past the children’s hospital and will be transformed into a linear park – as another incentive to expand into San Antonio.

“They’re willing to take their own money and spend $175 million reinvesting in San Antonio. Those are the kinds of communities – thoughtful, forward-thinking communities – we want to do business in,” Kris Miller, President of Ackerman, told the San Antonio Express-News.

The ABC’s of Ackerman: Vivian Barnes

Jun26
2017
Posted by
Marketing Staff

ABCs of Ackerman_Vivian Barnes

With the first day of summer behind us, The ABC’s of Ackerman spent the afternoon with our Chief Financial Officer, Vivian Barnes. Vivian is celebrating 21 years at Ackerman & Co. this month. Let’s dig in and find out more about one of the members of our executive team!

A.) What brought you to Ackerman & Co. and how long have you been here?

I came to Ackerman in 1996.

Right out of college, I started to work in banking. In the banking world, I did some loan work related to commercial real estate. A friend of mine called me in 1990 about an opening at Cushman & Wakefield, and I got my start in commercial real estate there. I’ve been working specifically in commercial real estate since for 27 years.

B.) Can you tell us a little about what you do at Ackerman & Co.?

My title is Chief Financial Officer but I function more as the Chief Operating Officer. I run all the operations for the company, which includes human resources, information technology (IT), property management, accounting, and office management.

C.) What is the best part of working at Ackerman & Co.?

The diversity of what I get to do. I get to work in so many different departments, and all of our departments’ functions are to support the sales and investment side of the company.

D.) What is the most exciting thing about commercial real estate to you? 

The constant change.

E.) What is the most rewarding part of your job?

Working with a great team of people to get all the many things that we get accomplished.

F.) What advice do you have for someone trying to break into your field?

Be flexible, and try to learn as much as possible in all different areas.

 

Now time for some personal questions! 

 

G.) What are some of your greatest achievements in life?

My three boys, my marriage of 34 years, and my work at Ackerman.

H.) What’s something that surprises people about you?

I grew up with six sisters.

I.) What book do you think everyone on the team should read?

Gone with the Wind. Scarlett O’Hara’s quote “Tomorrow is another day” is sort of my mantra on life.

J.) If you could have lunch with a U.S. president or someone famous, who would it be and why?

Probably Jimmy Carter, he was a great humanitarian.

K.) Do you have a bucket list? What’s one thing on your bucket list that you can share with us?

Definitely a Mediterranean cruise.

L.) What about some of your hobbies?

Playing with my grandbaby Lowry, Pilates, and cardio kickboxing.

M.) Who has been the most important person in your life?

My husband, Bill.

N.) What lessons has your work life taught you?

To appreciate everyone’s contributions to the success of the company.

Ackerman & Co. Completes Five-Year Lease for Godavari Indian Restaurant’s First Metro Atlanta Location

May18
2017
Posted by
Marketing Staff

web image 2

Ackerman & Co. recently completed a five-year, 5,136-square-foot lease with Godavari, a national restaurant chain specializing in South Indian cuisine, at Windward Promenade in Alpharetta, Ga. Godavari is the first Georgia location for the restaurant chain, which currently has 14 restaurants across the U.S.

Troy Morris, brokerage associate at Ackerman & Co., assisted Godavari in selecting Windward Promenade as the site for its initial metro Atlanta restaurant and represented the franchise in the lease transaction. Sam Krueger of Riverwood Properties LLC represented the landlord (Riverwood Properties).

“This is an excellent, high-visibility location for Godavari’s first restaurant in metro Atlanta,” said Morris. “The restaurant will benefit from its proximity to numerous office buildings and retailers, and will also attract customers from the affluent residential neighborhoods in and around Alpharetta, which includes a heavy Indian population.”

Ackerman & Co. Arranges Sale of 13-Parcel Land Assemblage for luxury student housing near Auburn University

May8
2017
Posted by
Marketing Staff

The Standard at Auburn

Ackerman & Co. has arranged the sale of a 3.40 acre, 13-parcel land assemblage along the northeastern corner of Gay Street and East Glenn Avenue in Downtown Auburn, within walking distance of area landmarks including the Auburn University Campus.

The assemblage, targeted for a six-story, 683-bedroom residential project dubbed The Standard at Auburn, was acquired by Landmark Properties, a real estate development and management firm of high-quality student housing communities. The property is expected to include 16,000 square feet of retail space at its base and offer state-of-the-art amenities including rooftop infinity pool. Ackerman & Co. Senior Vice Presidents Steve Langford and Sean W. Patrick were the exclusive agents for the sellers and acted as the intermediaries in the transaction.

“Given the high barriers of entry, it was a rare opportunity to acquire these parcels and in such close proximity to Auburn University,” said Langford.

Such an endeavor did not come without challenges. The Ackerman & Co. team spent nearly two and a half years assembling the mix of 13 contiguous and non-contiguous land parcels, owned by 10 different families, some of whom lived out of state.

Broker of the Month: Bryan Davis

Apr18
2017
Posted by
Marketing Staff

Bryan Davis-580x184web-updated

Congratulations to Bryan Davis, our March Broker of the Month!

Bryan, who earned the Ackerman & Co. Top Young Producer of the Year award years before, continues to surpass expectations, evidenced by his most recent deals.

Last month, Bryan signed a new medical tenant and renewed an existing one, both at ten-year terms. The active broker also signed a brand new retail tenant and assisted a long-term tenant with a major expansion, doubling their space for another 10-year term.

If you’re in the market for a diligent, service-oriented commercial real estate solution provider, Bryan is your expert.

The Atlanta Commercial Board of Realtors’ 59th Million Dollar Club Banquet

Mar29
2017
Posted by
Marketing Staff
Keene Miller ACBR 2017

Kirk Rich, Ackerman & Co. President of Brokerage, Keener Miller (center) and Sim Doughtie

 

Keene Miller, Ackerman & Co. President of Brokerage and also President of The Atlanta Commercial Board of Realtors, spoke at the 59th Million Dollar Club Banquet, celebrating the best in commercial real estate. The Atlanta Commercial Board of REALTORS® is one of the largest commercial in the nation with more than 2,200 members. The 2017 Million Dollar Club produced over a record-setting $26+ billion in commercial real estate transactions, surpassing the previous record of just over $25 billion, set in 2016.

Ackerman congratulates all Million Dollar Club award winners, including our own, for their outstanding achievements. Each of the following Ackerman brokers has generated in excess of four and a half million dollars in commercial real estate sales and leasing activity last year.

 

Kevin Hermetz

Kevin Hermetz
$20+ Million

 

Sean Patrick

Sean Patrick
$20+ Million

Larry Jarema

Larry Jarema
$10+ Million

Frank Farrell

Frank Farrell
$4.5+ Million

Jimmy Stevens

Jimmy Stevens
$4.5+ Million

Brett Buckner

Brett Buckner
$4.5+ Million

 

Brian Lefkoff Joins Ackerman Retail

Mar16
2017
Posted by
Marketing Staff

Brian Lefkoff, Ackerman Retail

Industry veteran Brian Lefkoff has joined Ackerman & Co. as Senior Vice President under the company’s retail services platform, Ackerman Retail, which focuses on strengthening and expanding its full service retail brand throughout the Southeast.

Lefkoff joins the team with more than 15 years of solid executive retail tenant representation and management experience. He will be representing retailers with their site selection and expansion on behalf of Ackerman Retail.

Most recently, Lefkoff was Managing Partner/Owner of Southern Retail Brokerage Services, a firm specializing in site selection and lease negotiation for retail tenants.

“We are steadfastly growing our platform with the best talent in the industry to provide optimum solutions for our clients,” said Leo Wiener, President of Ackerman Retail. “Brian has extensive relationships and experience with complex retail transactions and providing enterprising solutions to some of the nation’s major national brands.”

Ackerman & Co. Acquires 275,791 Square-Foot Industrial Portfolio

Mar6
2017
Posted by
Marketing Staff

Westgate Web Image

Ackerman & Co. has announced the recent acquisition of a three-building industrial portfolio in the Westgate Business Park in Atlanta, Ga. The three buildings (5215, 5245 and 5260 Westgate Drive) were purchased in an off-market deal from Clarion Partners, LLC for $7.55 million.

The three well-located, front-load, shallow-bay industrial buildings total 274,791 square feet and are fully occupied. Ackerman & Co.’s in-house team will provide leasing and management services for the new acquisition. The deal was facilitated by Cushman and Wakefield’s Stewart Calhoun and Casey Masters. The all-equity transaction was sourced through a new partnership with a leading European private equity group.

“The I-20W/Fulton Industrial Submarket continues to be a top performer with low vacancy and steady quarter-over-quarter average rental rate growth,” said Kris Miller, President of Ackerman & Co. “We are very excited about this opportunity to purchase highly functional industrial properties in a key submarket,” he added.

The ABC’s of Ackerman: John Speros

Jan18
2017
Posted by
Marketing Staff

ABCs of Ackerman_John Speros

We’re kicking off 2017 by speaking with our Broker of the Year, John Speros. John has been with Ackerman & Co. for eight years and is one of the premier land brokers in the Metro Atlanta area. We caught up with John between deals for some insight into the mind of one of our senior brokers. 

A.) Congrats on being named Ackerman’s Broker of the Year for 2016. Can you tell me how you got to that point and what your goals were at the beginning of 2016 and how you achieved them?

The real answer is simple: I produced more revenue than any other broker at Ackerman. I don’t start off the year hoping to be Broker of the Year. I just focus on helping the client meet their objectives and if you do that the commission seem to follow.

B.) What brought you to Ackerman & Co. and how long have you been here?

I joined Ackerman & Co almost eight years ago when Larry Wood, Sean Patrick, Kyle Gable and I left another firm. We all felt that Ackerman provided a unique platform for our business.

C.) Can you tell us a little about what you do at Ackerman & Co.?

My focus is selling raw land for commercial and residential development.

D.) What is the best part of working at Ackerman & Co.?

Ackerman & Co. gives me ALL of the support that I need to be successful including administrative, marketing, research and other support services.

E.)  What’s something that surprises people about you?

For some reason, people see me as really intense. I have had several people say that they were warned about how difficult I would be to work with only to discover that I am pretty easy going.

F.) What is the most exciting thing about commercial real estate to you?

It all or nothing. I learn something new in every transaction. It’s like Vegas with better odds.

G.) What is the most rewarding part of your job?

I enjoy helping my clients achieve their objectives. The commissions are anticlimactic, to me.

H.) What advice do you have for someone trying to break into your field?

Get lean on all expenses, be prepared to go for two years without an income and find someone to mentor you.

I.) What book do you think everyone on the team should read?

The Good Earth by Pearl S. Buck.

J.) If you could have lunch with a U.S. president or someone famous, who would it be and why?

That’s tough to narrow down. There are so many people that I would love to talk with for an hour. I would have to put Ronald Reagan near the top of that list.

K.) Do you have a bucket list? What’s one thing on your bucket list that you can share with us?

At 60, I have completed most of the “physical” bucket list items. However, I would like to step foot on every continent.

L.) Who has been the most important person in your life?

My father. He taught me a great work ethic and emphasized getting my education. He could also “fix” just about anything and “fixing” things take a logical thought process that I use every day in brokerage.

M.) What lessons has your work life taught you?

If you work hard and smart, you seem to have more luck!