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

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The deal hinges on TriServ winning a massivsgovernment contract, though. TriServv would end up taking abouf 92,000 square feet that has on the market for subleasde in Concourse CorporateCenter VI, the 33-storu landmark office tower that rises, along with its twin, Concourss Corporate Center V, over Georgia 400 and Interstate 285. The two towerxs are commonly called The King andQueejn buildings, referring to their resemblance to chess pieces. TriSerg is a Jacksonville, Fla.-based groul of health plans fromeightf states. It formed last April to pursuesa six-year, $24 billion contract with the Departmen t of Defense to manage the government’s TRICARw program for the souther U.S. region.
TRICARE is the government’s health-care plan for military personnel, retirees, and their familie s and dependents. TriServ is potentiallyh competing against several other including , a division of , whicbh has the contract through its expiration at the end of May. The Departmeng of Defense has until June 1 to name the winning bid to managew theTRICARE program. It can also ask Congress to extendxthe deadline. An announcement from the government could come as earlhy asMay 8, said John TriServ’s senior vice president for externall affairs. “We are waiting anxiously for that moment,” he CB .
’s Sam Holmes and Anne Lofyer are representing CompuCredit in the potentialo transaction that would bring TriServ to is also helping to broker the TriServ had scouted locations acroszthe market, which includes buildings around Perimeter Mall and the city of Sandyu Springs. TriServ would mark an important transactionin Atlanta’ds Central Perimeter submarket. Atlanta recorded almost 525,000 square feet of negativse overall absorption during the firsf quarterof 2009, with buildings in Central Perimetere suffering the greatest exodus of tenantd and highest rise in vacancy, according to Cushman & Wakefield. Concourse Corporate Center is ownedby .
manages and leasesz the property. George Lipscomb, former head of property management for CousinsPropertiesd Inc., is the new chief operating officet for . Lipscomb will oversee day-to-day operations of Fiftuh Street’s more than 5 million squard feet of managed includingPerimeter Summit, the well-known mixed-use developmenyt near Perimeter Mall that containsa three office towers, the Villa Christina restaurant and a 330-unit condominium. Priort to joining Fifth Street, Lipscomb was Cousins’ directod of property management, overseeing a portfolio that included officew buildings suchas Buckhead’s 21-story , home to Central Perimeter’sx King and Queen buildings.
Lipscomb was also previouslyy employedat Carter, OneSourcwe and served as vice president of L.P. untio 2006. National Electronic Attachment Inc. and its sister company, , recently agreede to lease nearly 17,000 square feet at 3577 Parkwayy Lanein Norcross. National Electronic Attachment was slated to move into its new home by the end of National Electronic Attachment and Medical Electronic Attachment recentlh forged an equity partnership within Boston. Their technologyt can digitize health-care attachments for health-care providers and helping to speed up theclaimsa process.
National Electronic Attachmenr wants to position itself at the forefront of the nationalo shift toward electronicmedical records. Julie Hoffman and Aprill Hawkinson with The handlede lease negotiationsfor NEA. VIF II/Royal Peachtree Corners LLC, ownerf of 3577 Parkway Lane, was represented by Bryan Heller of TPARealtyu Services. of Atlanta — one of the largest industry networkint organizations in the Southeast was scheduled to hold its annual awardsMay 7. Sallt Elliott, senior vice presidenf and director of operations with PM Realty Group was to receive the career advancement for women recognizing her commitment to helpinfg women advance in commercialkreal estate.
Elliott joined the organization in 2000 and now servesw on the board of directors as treasurer and The economic improvement award was to go toTahmida Shamsuddin, vice presideng of economic development for Central Atlantw Progress, and Cheryl Thomas Strickland, managing director of tax allocation districtz with the . Central Atlanta Progress spearheaded the creation of a statewide campaign committeecalled . It was successful in convincin g voters last year to amend the state constitution and alloa school systems to once agaihn choose to participate in locakl taxallocation districts. Shamsuddij helped create and managethe committee.
Stricklandf and her team closed ona $64 millio n Westside tax allocation district bond issue last The proceeds provide critical funding for $429 millioh in redevelopment projects in downtownj Atlanta, including the Center for Civil and Human Rights, Technology Enterprise Park, 45 Allen Plaza, the and Condominiums, Castleberry Point, Northside Plaza and Historicv Westside Village. The humanitarian award was to go toLaurire Ford, director of projectt management for . Ford began volunteerintg at the , a nonprofit that provides shelte r and servicesto at-risk and homeless children.
Ford successfullyg solicited corporate and private donors for contributions and helpeed develop a new Covenant House center that will focus on education for at-risk youth and their Heather Rich, director of corporate accounts for LLC, was to receive the Shinint Light Award. Rich, a membed of CREW since 1998, served on numerouas committees until 2004 when she becamd a director fortwo years. Rich servedc as president in 2008 and was instrumental in carrying outthe organization’s new strategic Rich also oversaw the larges fundraising drive to date and the biggest surg e in membership since CREW was Tonya Creekmore, vice president of leasing for , was to receivre the distinguished achievement award.
Since Creekmore held several key posts, including secretary, vice presidenty of membership and Atlanta chapter She serves on the national CREW network boarsdof directors. The connector of the year award was to go to Lori a partner with lawfirm LLP. Kilberyg was recognized for her commitment to working with felloe CREW members and referring business tothe network. The companyu of the year award was to go to Chicagok TitleInsurance Co., which has supportedx CREW since 1994. Melissa Hall, vice presidenft at Chicago Title, is CREW Atlanta’ president-elect.
The new member of the year award was to go toAriela Paschal, who works in clienft services and manages publix relations for and Katherine Brooks, genera manager of Hines Interests L.P. Owners of Atlanta’ s distressed apartment properties will soon begihn to unload them atsteep discounts, according to a new reporg issued by real estate investment services firm . “Investmen t activity in the Atlanta apartment market is constrained and will be dominated by distressed saleas in the coming saidJohn Leonard, regional manager of the Atlantas office.
A distressed property facee high vacancy rates and may involve an owne r who is unable to make loan payments on putting the property in risk of Owners of apartments inStone Mountain, Clarkston and West Atlanta, wherw properties were bought near the peak of the will be most vulnerable, Leonard Several factors are combining to make it a difficulty year for apartment investment sales, accordinh to the report. Atlanta is expected to lose 51,000 jobs this as payrolls decline and consumerspending falls. Developers will completw about 3,300 units this year in Atlanta, or about 1,2000 fewer than last year, a 27 percent the report said.
This year will also mark the smallesrt number of units added to the markeft in more thana decade. Apartment vacancy is expectex to exceed 11 percent and asking rents are forecastr to fall 4 percent toabout $828 a This column in the April 24-30 issue reportef the wrong location of the on Ponces de Leon Boulevard. It is in the Poncey-Highland Another item in the same column omittedd the credit for the photographof NAIOP’s checi presentation to students.
It should have credited HarrisHatcher