Showing posts with label Carter (Atlanta) 3-1-11. Show all posts
Showing posts with label Carter (Atlanta) 3-1-11. Show all posts

Tuesday, March 1, 2011

Carter to Renovate Historic Building at Spelman College in Atlanta



ATLANTA (Mar. 1, 2011) – Carter announced today it has been selected as program manager for the renovations to Laura Spelman Rockefeller Memorial Hall located on the historic oval on Spelman College’s campus (top left photo).

The 20,000-square-foot mixed-use renovation will include study space and technology space on the main level and a 40 bed student housing area on the second and third floor.

The historic building was designed by Hentz, Reid & Adler and completed in 1918.  The original home of the college’s Home Economics program, it was converted to the school of nursing in 1930. Most recently the building has been used for a child development center on the ground floor and student housing. 

“It is both an honor and a privilege to work on a building that was originally designed by Hentz, Reid & Adler on Spelman College’s historic campus,” said Gary Paetau, (middle right photo)  senior vice president with Carter. “We are looking forward to working with Spelman on renovating this facility that plays such an important role in the college’s rich history.”

Menefee + Winter is the architect for the project and Winter Construction Company is the general contractor.  The project is seeking LEED silver certification and is slated to be completed in July 2012.

 For additional information on Carter, please visit http://www.carterusa.com/.

Contact: Laura Dudebout, (678) 642-4301,

Carter Sells North Atlanta Publix Center



ATLANTA, GA) – Carter, one of the country’s leading commercial real estate service providers, investors and advisors, has brokered the sale of the Oglethorpe Crossing shopping center (top left photo) just north of Atlanta.

Carter’s Retail Investment Sales Group negotiated the sale of the Publix-anchored center at 3435 Ashford-Dunwoody Road on behalf of seller REES 52 LLC of Atlanta.

An Atlanta-based private equity group paid an undisclosed amount for the 58,000-square-foot center.

The shopping center was 98 percent leased at the time of the sale. In addition to Publix, CVS/Pharmacy is a co-anchor tenant.

Carter’s Retail Investment Sales Group, led by Drew Fleming and Mark Joines, noted the strong and continued investor appetite for grocery-anchored centers.

“Investors are desperately seeking well-located grocery anchored shopping centers with credit tenants such as Publix and CVS,” Joines said. “We don’t expect the demand for these types of centers to wane any time soon.”

For additional information on Carter, please visit http://www.carterusa.com/
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Contact: Laura Dudebout, (678) 642-4301