Buckhead's Regent Partners buys King & Queen corporate complex in Central Perimeter market

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Buckhead-headquartered Regent Partners LLC has acquiredConcourse Corporate Center, home to Atlanta's "King and Queen"buildings, which mark Atlanta’s Central Perimeter market for commercial development.The purchase price was reported at more than $300 million.

The signature King & Queen office towers of Concourse Corporate Center,
with the Westin Hotel at left backing up to the lake of the 20 year old
64-acre Central Perimeter market development. 

The 64-acre Concourse Corporate Center, located at theintersection of I-285 and GA 400, includes 2.2 million square feet in twohigh-rise towers and three mid-rise office buildings, a Westin Hotel, theConcourse Athletic Club and KinderCare Child Learning Center.
"Concourse has historically been known as the premieroffice and mixed-use environment in the Central Perimeter submarket," accordingto David Allman, founder and chairman of Regent Partners, in a AtlantaCommercial Properties E Newsletter report.
"We look forward to securing that position for the longterm by undertaking substantial steps forward in the areas of service andvalue-added, capital-related improvements," Allman added. 
Concourse’soffice towers are collectively 83 percent occupied, but the partnershipbelieves it can attract new corporate tenants because of its access to MARTA,amenities, and upgrades to the Hammond Half-Diamond Interchange.
The new ownership of the 20-year-old development includesaffiliates of GEM Realty Capital and Equity Group Investments, along with fundsmanaged by Farallon Capital Management. The seller was TIAA-CREF. CBRE Inc.brokered the transaction.

Charlie Heard new VPof development for Sembler in Atlanta

Charlie Heard

Charlie Heard has been named The Sembler Company’s vicepresident of development and Southeast market leader based in the firm’sAtlanta office. He replaces Jeff Fuqua, who left the firm months ago toestablish his own company, Fuqua Development.
According to the report by REBusiness Online newsletter, Heard’sduties include pursuing new shopping center development opportunities inGeorgia, South Carolina, North Carolina, Tennessee and Virginia.
Heard has more than 25 years of real estate experience in retailand residential development as well as commercial land sales in the Southeast.His past retail clients include Publix, Kroger, Target, The Home Depot, BestBuy, CVS/pharmacy and Walgreen’s.
Crocker Partnersacquires Prominence building in Buckhead

Prominence office building in Buckhead

Boca Raton, Fla.-based Crocker Partners has acquired the18-story, 432,000-square-foot Class A Prominence office building in Buckheadsubmarket for $105 million, according to REBusiness Online newsletter. 
The building is located at 3475 Piedmont Road in Buckhead.
Crocker Partners owns and manages approximately 2.5 millionsquare feet of office space in the Atlanta market. “Our strategy focuses ontop-tier assets in second-tier cities,” says Tom Crocker, managing partner withCrocker Partners.
TIAA-CREF and Equity Office Properties sold the property, whichwas under contract this past summer.