The Story Behind The Medici

ATLANTA (Sept. 15, 2011) – Back in June, Carter sourced the acquisition of The Medici Office Building on behalf of Piedmont Office Realty Trust (NYSE:PDM). This morning at NAIOP Georgia’s September breakfast meeting titled “Deals Done in 2011…Diamonds in the Rough”, Carter Vice Chairman Jim Shelton shared the story behind the acquisition of the Medici in Buckhead. Check out coverage from the event below.

 

Other featured panelists included Duncan Gibbs with Jones Lang LaSalle, Jim Ingram with Parkway Properties and Jeff Kelley with Colliers International. Moderated by Justin Parsonnet with CB Richard Ellis, the panelists chatted about their recent deals and successes. Duncan shared insight into leases completed for Kilpatrick Townsend and Morris Manning & Martin, Kelley spoke about McGuire Woods, 22Squared and RockTenn and Ingram about the acquisition of 3344 Peachtree and his work for the Teachers Retirement Fund of Texas.

Near the end of the panel discussion, Parsonnet asked the panelists to look toward the future. “Which submarkets are best for purchase and have the best dynamics for your clients?” The answers were varied. Shelton and Ingram agreed on Buckhead, Midtown and Central Perimeter. However, Shelton added Carter is an opportunistic buyer and would go where the price was right. Kelley thought his focus would remain in the tech corridor in North Fulton, and Gibbs said he favored Atlanta’s urban markets due to the Echo Boomers’ desire to live and work in urban areas.

 

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