Regions Southeast
Falcon Buys Heidelberg's Suburban Atlanta HQ in $23M Sale-Leaseback
May 6, 2008

Acting on behalf of a private overseas investor, Falcon Real Estate acquired the headquarters of Heidelberg U.S.A. in Kennesaw, Ga., for $23 million as part of a 1031 Exchange. Located about 25 miles from downtown Atlanta, the building was developed in 1994 and expanded to its current size of 175,900 square feet 10 years ago. The printing machinery company will continue to occupy the office and showroom property under an existing long-term lease that is scheduled to expire in 2027.

 
Recent Southeast Headlines
Nashville Shopping Center to Get 200,000SF Expansion
July 18, 2008
CBL & Associates have announced plans for an expansion of CoolSprings Galleria, a 1 million-plus-square-foot shopping center in Nashville.
Orlando Industrial Property Sold
July 18, 2008
Delta Properties Intl. L.L.C. has acquired the industrial facility at 1815 Cypress Lake Drive in Orlando, Fla., from LDL Holdings Florida L.L.C.
69-Room Microtel Opens Doors in Suburban Atlanta
July 18, 2008
Development of Microtel Inn & Suites in Woodstock, Ga., has reached completion and made its debut in the suburban Atlanta city. Developed by Dawgwood Hotels L.L.C., the 69-room lodging property sits 30 miles from downtown Atlanta at 305 Molly Lane, and marks the 25th Microtel property to hit the State of Georgia.
Parkway Properties Sells Town Point Center
July 17, 2008
Parkway Properties Inc. closed the sale of the Town Point Center office property in Norfolk, Va. Town Point Center, which is located in the Downtown Norfolk submarket, is a 131,000-square-foot property that is 97 percent occupied.
Chattanooga to Become Home of $1B VW Plant
July 16, 2008
After considering locales in Alabama and Michigan, Volkswagen Group of America Inc. has just decided to develop its new U.S. manufacturing facility in Chattanooga, Tenn.