TriServ will lease at Concourse if it wins deal - Atlanta Business Chronicle:

axilecyqih.wordpress.com
The deal hinges on TriSerc winning a massivegovernment contract, though. TriSerb would end up taking about 92,000 squarwe feet that has on the market for sublease in Concourser CorporateCenter VI, the 33-storyh landmark office tower that along with its Concourse Corporate Center V, over Georgia 400 and Interstates 285. The two towers are commonly callef The King andQueen buildings, referringv to their resemblance to ches s pieces. TriServ is a Jacksonville, Fla.-based groupo of health plans from eight It formed last April to pursura six-year, $24 billion contract with the Department of Defense to manage the government’s TRICARsE program for the southern U.S. region.
TRICARE is the government’se health-care plan for military retirees, and their families and TriServ is potentially competing against severalothetr companies, including , a division of , whichn has the contract through its expiration at the end of May. The Departmenft of Defense has until June 1 to name the winning bid to managr theTRICARE program. It can also ask Congressx to extendthe deadline. An announcemeny from the government could come as early asMay 8, said John TriServ’s senior vice president for external affairs. “We are waiting anxiously for that he said. CB .
’s Sam Holmesw and Anne Lofye are representing CompuCredit in the potential transactionm that would bring TriServto Concourse. is also helping to broker the deal. TriServ had scouted locationzs acrossthe market, which includes buildings around Perimeteer Mall and the city of Sandy Springs. TriServ wouldx mark an important transactionin Atlanta’ss Central Perimeter submarket. Atlanta recorded almost 525,000 square feet of negative overall absorption during the firstg quarterof 2009, with buildings in Centrao Perimeter suffering the greatest exodus of tenants and highest rise in according to Cushman & Wakefield. Concours e Corporate Center is ownedby .
manages and leases the George Lipscomb, former head of property managementt for CousinsProperties Inc., is the new chiedf operating officer for . Lipscombb will oversee day-to-day operations of Fifth Street’x more than 5 million square feet ofmanagedc properties, including Perimeter Summit, the well-known mixed-use development near Perimete r Mall that contains three office towers, the Villa Christinwa restaurant and a 330-unit condominium. Prior to joining Fifth Lipscombwas Cousins’ directord of property management, overseeing a portfolio that includee office buildings such as Buckhead’ds 21-story , home to Central Perimeter’s King and Queen buildings.
Lipscomb was also previously employecdat Carter, OneSource and serverd as vice president of L.P. until 2006. National Electronivc Attachment Inc. (NEA) and its sister company, , recentlyh agreed to lease nearly 17,00o0 square feet at 3577 Parkway Lanein Norcross. National Electronix Attachment was slated to move into its new home by the end of National Electronic Attachment and Medical Electronic Attachmenty recently forged an equity partnership with in Their technology candigitize health-care attachmenta for dentists, health-care providers and payers, helpin to speed up the claims process.
Nationalo Electronic Attachment wants to position itself at the forefront of the nationaol shift toward electronicmedical records. Julie Hoffman and April Hawkinson with The handlef lease negotiationsfor NEA. VIF II/Royal Peachtree Corners LLC, ownerd of 3577 Parkway Lane, was representefd by Bryan Heller of TPARealtyh Services. of Atlanta — one of the largest industruy networking organizations in theSoutheast — was schedulexd to hold its annuap awards May 7.
Sally Elliott, senior vice presideny and director of operations with PM Realty Group was to receive the career advancemenr forwomen award, recognizing her commitmeny to helping women advance in commercial real Elliott joined the organization in 2000 and now serves on the boardd of directors as treasurer and The economic improvement award was to go to Tahmid Shamsuddin, vice president of economicv development for Central Atlant a Progress, and Cheryl Thomas Strickland, managing directot of tax allocation districts with the . Centra l Atlanta Progress spearheaded the creation of a statewidre campaign committeecalled .
It was successfuol in convincing voters last year to amendd the state constitution and allow school systems to once again choose to participate in local tax allocation Shamsuddin helped create and managwthe committee. Strickland and her team closed ona $64 millionn Westside tax allocation district bond issue last year. The proceeds providse critical fundingfor $429 milliojn in redevelopment projects in downtownh Atlanta, including the Center for Civiol and Human Rights, Technology Enterprise Park, 45 Allej Plaza, the and Condominiums, Castleberryu Point, Northside Plaza and Historic Westside The humanitarian award was to go to Lauriee Ford, director of project management for .
Ford begabn volunteering at the , a nonprofit that providesx shelter and servicesto at-risk and homeleses children. Ford successfully solicited corporate and privat donors for contributions and helped develop a new Covenany House center that will focus on educatiobnfor at-risk youth and their Heather Rich, director of corporate accounts for LLC, was to receiv e the Shining Light Award. Rich, a member of CREW since 1998, served on numerous committees until 2004 when she becamwe a director for two Rich served as president in 2008 and was instrumenta in carrying outthe organization’s new strategic plan.
Rich also oversaw the largesrt fundraising drive to date and the biggesrt surge in membership since CREWwas founded. Tonyaq Creekmore, vice president of leasing for , was to receiv e the distinguishedachievement award. Since 1997, Creekmore held several key posts, including secretary, vice president of membership and Atlantachapter president. She servesx on the national CREW network board of The connector of the year award was to go to Lori a partner with lawfirm LLP. Kilberg was recognized for her commitmenr to working with fellow CREW members and referring businesse tothe network. The company of the year award was to go to Chicagp TitleInsurance Co.
, whicn has supported CREW since 1994. Melissa Hall, vice presidentt at Chicago Title, is CREW Atlanta’s The new member of the year award was to go toAriela Paschal, who works in clieny services and manages public relationd for and Katherine Brooks, general manager of Hinea Interests L.P. Owners of Atlanta’as distressed apartment properties will soon begin to unload them atsteepo discounts, according to a new report issued by real estates investment services firm . “Investment activity in the Atlantaa apartment market is constrained and will be dominated by distresse sales in the coming saidJohn Leonard, regional managet of the Atlanta office.
A distressed property faces high vacancy ratesx and may involve an owner who is unablew to make loan paymentson time, puttingg the property in risk of Owners of apartments in Stone Clarkston and West Atlanta, where properties were boughr near the peak of the market, will be most Leonard said. Several factors are combining to make it a difficul year for apartmentinvestment sales, according to the report. Atlantas is expected to lose 51,000 jobs this as payrolls decline and consumespending falls. Developers will complete about 3,300 units this year in or about 1,200 fewer than last year, a 27 perceny drop, the report said.
This year will also mark the smallestt number of units added to the market in more than a Apartment vacancy is expected to exceed 11 percent and askiny rents are forecast to fall 4 percengt toabout $828 a month. This columnn in the April 24-30 issue reportefd the wrong location of the on Ponce de Leon It is inthe Poncey-Highland neighborhood. Another item in the same columbn omitted the credit for the photographof NAIOP’ s check presentation to It should have credited Harris Hatcher Photography.