November/December Newsletter

BI-MONTHLY TENANT NEWSLETTER
NOVEMBER/DECEMBER 2012
CONCOURSE CHRONICLE
T H E
I N F O R M A T I O N
Y O U
N E E D
•
T H E
E X C E L L E N C E
I N
S E R V I C E
Y O U
D E S E R V E
On behalf of Regent Partners, LLC
(“Regent Partners”) and our partners, we are excited to announce
our acquisition of the Concourse Corporate Center completed on October 1st,
2012. Regent Partners is a locally owned real estate investment firm that
acquires, develops, manages and leases high quality Southeastern real estate.
We are discerning in our acquisitions and believe the Concourse assets
are unique in their location, architecture, and unrivaled amenity base. We
value each tenant, and we will continue to explore ways to invest to make
Concourse a great place to work. We look forward to the opportunity to serve you.
Sincerely,
David B. Allman
Chairman
The Property Management and Leasing Office is located in Suite 1200 at 5 Concourse Parkway
Office hours are 8:00 a.m. to 5:30 p.m. - Monday through Friday
For information on leasing, please contact David Tennery or Adam Allman at 770-677-0518.
C O N C O U R S E
C H R O N I C L E
REGENT PARTNERS Acquires
Concourse Corporate Center
New ownership of iconic office complex in Central Perimeter – Class A market
ATLANTA - Regent Partners, LLC, the Atlantabased, full service real estate investment and
development firm, has acquired Concourse Corporate Center, home to Atlanta’s iconic “King and
Queen” buildings. The complex comprises 2.2 million square feet in two high-rise towers and three
mid-rise office buildings. Located in the Central
Perimeter of Atlanta, Concourse Corporate Center
is situated on a 64-acre campus that also includes
a four-star Westin Hotel, Concourse Athletic Club
and KinderCare Child Learning Center.
David Allman, Founder and Chairman of Regent
Partners, said, “Concourse has historically been
known as the premier office and mixed-use environment in the Central Perimeter sub-market,
and we look forward to securing that position for
the long term by undertaking substantial steps
forward in the areas of services and value-add
capital-related improvements.”
New ownership includes affiliates of GEM Realty
Capital and Equity Group Investments and funds
managed by Farallon Capital Management.
C O N C O U R S E
Central Perimeter “Centerpiece”
Central Perimeter is the hub of corporate headquarters in the Southeast and Atlanta’s most
desirable submarket for Fortune 500 corporate
users. Concourse Corporate Center’s prestigious
tenants include: Dell/Secureworks, US Bank/
Elavon, Samsung, Morgan Stanley, Ericsson, Dow
Lohnes, and other widely recognized firms.
“It has been a decade since the last Class A office
building was developed in Central Perimeter, and
no new Class A development is on the horizon,”
said Reid Freeman, President of Regent Partners.
The office portion of Concourse is 83 percent
leased, according to Freeman, “leaving a breadth
of prime space available, including contiguous
high-rise floors within the two towers and highly
efficient mid-rise floors at up to 40,000 square
feet each. At 33 stories, the towers offer tremendous views, while the lower floors are focused on
a beautiful lakefront setting.”
C H R O N I C L E
“As the centerpiece of the Central Perimeter and
with significant capital for value enhancement,
we are excited to offer Concourse Corporate
Center as the highest quality space available in
the market,” Freeman added, noting the plans for
upgrades to Concourse’s aesthetics, environment
and operating systems.
Concourse is located at the northeast quadrant
of the Interstate 285/Georgia 400 interchange,
being highly accessible to both as well as in close
proximity to numerous MARTA rail stations.
Along with its widely known, unmatched base
of on-site amenities, this prime location is key
to its success in attracting such a strong roster of
corporate tenants.
A Homecoming
For Regent Partners’ Principal, David Tennery,
the acquisition represents a homecoming.
Tennery joined the original developer of
Carey Watermark Investors, Arden Group and
Marcus Hotels & Resorts Acquire Westin Atlanta
Perimeter North at Concourse Corporate Center
Effective October 4, 2012, Carey Watermark Investors Incorporated
(CWI), The Arden Group, Inc. and Marcus Hotels & Resorts, a division
of The Marcus Corporation (NYSE: MCS), acquired the Westin Atlanta
Perimeter North in a joint venture. The 372-room hotel includes 20,000
square feet of meeting space, restaurant, lounge, business center,
fitness center, gift shop, outdoor pool and 338 parking spaces and is
located on a 6.25 acre site within Concourse Corporate Center.
The joint venture’s total investment in the property is approximately
$57 million, including an approximately $14 million renovation of
guestrooms and public spaces, which is anticipated to be completed
in early 2014. The property was acquired from an affiliate of
DiamondRock Hospitality Company.
C O N C O U R S E
C H R O N I C L E
than 150 years of combined experience in valueadd repositioning and new development, acquiring, managing, leasing and constructing commercial real estate assets. For more information, visit
www.regentpartners.com.
Concourse in 1987, just as Concourse V (the
Queen building) was being readied for construction. He spent eight years on a team that guided
the development of the complex. “For me, it’s
a lot like taking a trip back home to visit a best
friend,” said Tennery. “The quality of development and overall mix of tenant services, amenities, and location, all support why today, Concourse remains such a desirable place to live,
work and play. The opportunity to come back
years later and play a role in taking this amazing project to yet the next level - is indeed both
rare and exciting.” Tennery, along with Regent’s
Adam Allman, Director of Office Properties and
Development, will lead leasing and marketing for
Concourse.
About Regent Partners, LLC
Established in 1988, Regent Partners, LLC is an
Atlanta-based real estate development, acquisitions, investment and service firm. Since its
inception, Regent Partners has acquired and developed more than 10 million square feet valued
in excess of $2 billion. Regent Partners’ diverse
portfolio includes hotel, office, residential, retail,
mixed-use and land holdings. The senior management team consists of executives with more
About GEM Realty Capital, Inc.
Founded in 1994, GEM Realty Capital, Inc. (GEM)
is an integrated real estate investment company
that invests in private-market real estate assets
and publicly traded real estate securities through
two lines of business, GEM Realty Properties and
GEM Realty Securities. GEM is currently investing capital for its fourth discretionary private real
estate fund, GEM Realty Fund IV, L.P.
About Equity Group Investments
Equity Group Investments (EGI) is the private
investment firm founded by Sam Zell more
than 40 years ago. The firm has a diverse portfolio spanning industries and continents with
interests in real estate, energy, logistics, transportation, communications and healthcare. EGI
invested in Concourse Corporate Center through
the Zell Credit Opportunities Fund.
About Farallon Capital Management, L.L.C.
Farallon Capital Management, L.L.C. (“Farallon”)
is a global, San Francisco-based investment management company that manages discretionary
equity capital of more than $20 billion, largely
from institutional investors such as university
endowments, foundations, and pension plans.
Farallon was founded in March 1986 by Thomas
F. Steyer. Farallon invests in public and private
debt and equity securities, direct investments in
private companies and real estate. Farallon invests in real estate across all asset classes around
the world. More information about Farallon may
be found at www.faralloncapital.com.
B U I L D I N G
N E W S
&
A N N O U N C E M E N T S
h o li d ay ve n d o r s h o w
te n a n t a n n i ve r s a r i e s
Mar y Brittain
Thank you to the following tenants
who are celebrating anniversaries at
Concourse for November & December.
Monday, December 3
Concourse Six
10:00 a.m. – 2:00 p.m.
Sterling Silver Jewelry
Girltrendz
Wednesday, December 5
Concourse Five
10:00 a.m. – 2:00 p.m.
Lower Lobby outside of
Waterview Cafe
Unique fashion jewelry, scarves,
vintage clothing, and more
Indigo Bath and Body
Wednesday, December 12
10:00 a.m. – 2:00 p.m.
Concourse One
10:00 a.m. – 2:00 p.m.
Lobby area in front of elevators
Concourse Two
Stratose, Inc.
11/01/2006
Concourse Four
Gleeds USA, Inc.
11/01/2003
Utiliquest, LLC
12/16/2005
MCI Worldcom
11/01/1992
Concourse Five
CommVault Systems, Inc.
11/22/2010
EBIX.com, Inc.
11/19/1998
Solomon Edwards Group, LLC
12/16/2005
h o li d ay r a f f le
GUESS HOW MANY HOLIDAY
LIGHTS ARE SHINING BRIGHT
in each of the
CONCOURSE LOBBIES
One winner from each building will
Hathoway Partners, LLC
11/01/2010
Shuman and Shuman, PC and
Eileen Thomas, LLC
11/01/2008
Morgan Stanley/Smith Barney
11/13/1989
Dominium Benefits, LLC
11/01/2010
Partners Atlanta
12/18/2006
HONEYBAKED Hams®.
Helms and Greene, LLC
12/01/2008
Dovin Malkin and Ficken, LLC
11/14/2006
Thursday, December 20 at noon.
Please include your name, phone
number, company and
Pride for Parents is a program
of FCS’ Community Economic
Development. It seeks to provide
quality and affordable gifts and
toys to benefit hard working
families in the south Atlanta
neighborhood and surrounding
communities. Please help make
a difference in someone’s life this
holiday season.
Mitel Networks, Inc.
12/06/2005
be awarded a $50 Gift Card from
Drawing will take place
Another holiday season is just
around the corner and Concourse
will be participating in Pride for
Parents annual toy drive. Boxes will
be located in each building lobby
to accept donations beginning
November 19 – December 6.
HQ Global Workplace, Inc.
11/01/2003
Concourse Six
Metro Atlanta Psychological
Services, LLC
11/22/2010
Concourse building.
Bryant and Carroll, LLC
11/01/2005
HAPPY HOLIDAYS
AND GOOD LUCK!
First American Title Insurance
Company
11/19/2009
Casey Gilson, PC
11/18/1996
Holiday Socials
Join us for an afternoon dessert
buffet and live music to celebrate
the holidays.
Concourse One, Two, and Four
In Each Lobby
December 18, 2:00 p.m. to 3:30 p.m.
Concourse Five and Six
In Each Lobby
December 19, 2:00 p.m. to 3:30 p.m.
❅❄❆❄❅
P R O P E R T Y
HOLIDAY EVENTS
AROUND ATLANTA
Atlanta Botanical Garden
Garden Lights at the ABG Holiday Nights from 5-10pm, 11/17 - 1/5
Alliance Theatre Charles Dickens’s A Christmas Carol 11/23 - 12/23
Holidays With The Chalks 11/30 - 12/23
Atlanta Symphony Orchestra
Christmas with the ASO | Saturday, 12/8, 8:00pm
ASO Gospel Christmas | Friday, 12/14, 8:00pm
ASO Kid’s Christmas | Sunday, 12/16, 3:30pm
Fox Theatre
Atlanta Ballet’s Nutcracker | 12/7 - 12/26
Lenox Square
Macy’s Great Tree Lighting | Thursday evening, 11/22
Macy’s Pink Pig | 10/27 - 1/1
Stone Mountain Park
SMP Christmas:
Atlanta’s Official Winter Wonderland
11/10 - 1/1
For more information on holiday events around
Atlanta and to purchase tickets, please contact:
REMY FULTON
Concourse Corporate Concierge Building 5: 770-698-2211
Building 6: 770-698-2245
[email protected]
77777
C O R N E R
at YO U R S ERVI C E
Amenities and Services available for
Concourse customers and guests
Atlanta Spine Chiropractic and Massage
Concourse Four
770-396-9100
Concourse Athletic Club
770-698-2000
Concourse Coffee Station/Concourse Five
678-443-0538
Concourse Newsstand/Concourse Five
770-394-9037
Courtside Grille/Athletic Club
770-698-1650
David’s Gourmet/Concourse Six
770-391-9410
Gateway Newsstand/Concourse One
404-452-9794
Hairology Salon/Athletic Club
770-698-1606
Jasmine Lounge/Westin
770-395-3900
Jiwani Custom Clothiers/Concourse Five
770-394-0055
KinderCare Learning Center
770-551-9663
Lakeside Grill/Westin
770-395-3900
Pressed 4 Time Dry Cleaning
678-725-4201
Sandy’s Café/Concourse Two
770-522-8122
Shoe Shine/Concourse Five
770-698-2099
Shuttle Transportation
770-677-0518
Tenant Conference Centers
770-677-0518
Tower Newsstand/Concourse Six
770-396-7315
Travel South International, Inc.
Concourse Five Suite 140
770-390-9894
Waterview Café/Concourse Five
770-804-0008
Wellness Plus Clinic/Concourse Two
678-691-8239
Westin Hotel
770-395-3900
The Property Management and Leasing Office is located in Suite 1200 at 5 Concourse Parkway
Office hours are 8:00 a.m. to 5:30 p.m. - Monday through Friday
For information on leasing, please contact David Tennery or Adam Allman at 770-677-0518.