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December 8, 2008

Sandy Springs Marketing Firm Buys Office Building

Ackerman & Co. brokered the sale of the former home of Atlanta Oncology Associates to a whole new planet.

Sandy Springs-based Planet Studio LLC, one of Atlanta’s premier marketing firms, purchased 7820 Roswell Road from Atlanta Oncology for $2 million, or approximately $175 per square foot.  The two-story, 12,000-square-foot former medical office building is at the corner of Morgan Falls and Roswell roads.  This deal solidifies moves for both firms.

Ryan Goldstein, Vice President with Ackerman & Co., and Jeremy Rosenthall, formerly with Ackerman (now with M&P Shopping Centers), brokered the sale for Atlanta Oncology.  Tim Head and Taylor Smith with Bryant Commercial Real Estate Partners in Atlanta represented Planet Studio.

Atlanta Oncology is finishing a new medical office project for itself in Alpharetta, while Planet Studio will pack its belongings from its current offices at 460 Abernathy Road, where it has been since 2002.

“We are in a situation to now truly create an office environment that reflects our firm’s personality and abilities,” said Larnie Higgins, President of Planet Studio.  “As our firm grows, owning our own building gives us the flexibility we need to expand and cater to our clients’ needs.”

Ackerman also brokered a number of other deals in recent weeks:

  • Phoenix Distribution & Marketing inked a 23,300-square-foot deal at 829 Pickens Industrial, a 98,600-square-foot flex office building in the Allgood 75 Business Park in Marietta, moving from just an 8,500-square-foot space in the West Oak Center industrial park nearby.  PDM is a retail supplier to hotels and hospitality companies nationwide.  David Ellis and Josh Gregory, both Vice Presidents with Ackerman, brokered the deal for the tenant.
  • Advanced Design and Packaging Inc. renewed 91,100 square feet at 605 Selig Drive, a 657,700-square-foot warehouse in the Fulton Industrial area.  Ackerman Senior Vice Presidents Mike Myrick and Ginny King inked the deal for the landlord in the transaction, while Rodger West with Alliance Partners represented the tenant.
  • Sunnyvale, Calif.-based NetApp Inc. renewed and expanded its offices to 11,500 square feet at Ackerman’s Centrum at Glenridge.  The deal helps to stabilize the 183,000-square-foot building at 780 Johnson Ferry Road to more than 80% occupied.  Other tenants include the headquarters of Havertys Furniture Cos.  Gwen Wegman, Senior Vice President of Leasing at Ackerman, represented the landlord, while Pete Shelton with Colliers Spectrum Cauble represented NetApp.

 

— ABOUT ACKERMAN —

Headquartered in Atlanta, Ackerman & Co. is one of the oldest full-service commercial real estate companies in the southeastern United States. Our expertise in four primary disciplines —brokerage, development, investment and management — enables us to quickly and effectively respond to our clients and create value through innovative real estate solutions.