Our News

July 5, 2012

Major Activity in the Cumberland/Galleria Submarket for Ackerman

Atlanta, July 5, 2012 – Ackerman & Co.’s Corporate Forum has seen increased leasing activity in the last quarter. The office complex, located in the Cumberland/Galleria submarket, has gained two new tenants and renewed three existing tenants. Most notably, long-term tenant, U.S. Air Force, expanded to more than 5,420 square feet. “With this recent expansion, U.S. Air Force has increased its presence at Corporate Forum,” said Frank Farrell, vice president of leasing at Ackerman & Co. who represents the property. “Some of the determining factors in their decision to expand included their own growth needs, the office’s proximity to the Dobbins Air Reserve Base and the many recent improvements at Corporate Forum,” he said.

Ackerman acquired the Corporate Forum buildings in 2011 for $7.2MM and has since spent more than a million dollars in improvements, which include: HVA/mechanical, pressure washing and painting, roofing, and a tremendous amount of landscaping. Ready-to-go suites, starting at less than 1,000 square feet are now available.

Second quarter total leasing deals exceeded 10,000 square feet. Outside brokers who assisted in some of these deals include City Commercial’s Griff Sims and Ash Parker of Richard Bowers.

– About Ackerman & Co. – 

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.
For more information on Ackerman & Co., visit www.ackermanco.net