ATR NEWS....
FOR IMMEDIATE RELEASE
June 2006
THE MILLER RICHMOND COMPANY ANNOUNCES FOUR LEASE TRANSACTIONS
FOR THE ATLANTA MARKET
Atlanta, GA (June 12, 2006) – The
Miller Richmond Company, an Atlanta-based commercial real estate
brokerage firm, is pleased
to announce that it has successfully negotiated 100,000 square
feet of leases on behalf of four different tenants in the Atlanta
market:
- GEMU Valves, Inc., a manufacturer of engineered diaphragm
valves, renewed its lease at 3800 Camp Creek Parkway for 47,000
square feet.
- CDE Services, Inc, a leader in point-of-sale electronic
equipment, renewed its lease at 1200 Williams Drive for 34,000
square feet.
- Focus Brands, a franchisor and operator of ice cream stores,
bakeries, delis and cafes, executed a new lease for a training
facility at 4048 Flowers Road for 10,000 square feet.
- Stratature Incorporated, a global provider of master data
management (MDM) software, executed a new lease at 600 Northwinds
Center West for 9,000 square feet.
David Rubenstein and Bogue Miller, Principals with The Miller
Richmond Company represented each of these clients in the above
transactions.
According to Rubenstein, “each of these clients has an
expanding business with specific functional and geographic space
requirements. Despite the improving leasing market that we are
seeing throughout Atlanta, we were able to secure long term solutions
that afforded flexibility and functionality at relatively low
rental rates. It’s still a good time to be a tenant in
metro-Atlanta.”
Bogue Miller added, “we are
doing business across the country and still find that Atlanta
offers good value for the
rent dollar relative to other major U.S. markets. The concessions
we saw twenty-four months ago have diminished, but continued
vacancies and relatively cheap and available land are still keeping
effective rents in check.”
About The Miller Richmond Company
The Miller Richmond Company (www.millerrichmond.com)
is a twenty-two year-old commercial real estate brokerage firm
based in Atlanta, GA. The firm specializes exclusively in tenant
representation for office, industrial, biotech and healthcare
real estate transactions. The firm is a member of The Alliance
of Tenant Representatives (ATR), a national real estate brokerage
network of tenant representative specialists.
For more information, contact:
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