Last night was a big evening for the Atlanta Real Estate community. Over 400 people gathered at the Fox Theater’s Egyptian Ballroom to honor some of the biggest real estate deals of the past year.
The keynote speaker, Henry Chamberlain, President & Chief Operating Officer of Building Owners & Managers Association International (BOMA), talked about trends in real estate across the nation and had an overall positive perspective on the future. He presented statistics that showed gradual improvement in commercial real estate occupancy rates – a good indicator of continued economic recovery!
The array of deals that were honored at Best in Atlanta was lengthy and impressive. They spanned the entire northern Georgia region and many could be tied to job creation. Two deals were honored as Best Overall Deal. Baxter International of Deerfield, Illinois announced in April they are building a manufacturing facility in Stanton springs near Covington. The new plant will support Baxter’s products for treating immune disorders and infectious diseases, among other medical conditions. The new plant is expected to create more than 1,500 full time jobs in Georgia and involves $1Billion in capital investment.
The other deal honored as Best Overall Deal is Caterpillar’s new facility for manufacturing small tractors and mini hydraulic excavators. The $1 million square foot facility near Athens will employ 1,400 people once it reaches full capacity operations.
These investments in Atlanta are especially significant in terms of job creation and the region’s ability to attract large companies to the metro area. These deals, combined with the dozens of other developments that were highlighted during the evening, showed the vitality of our real estate community.
As the finale of the evening Frazier & Deeter had the honor of presenting the Visionary award to Blaine Kelley, Jr. Kelley has been active in developing Atlanta real estate since the late 1960s, and is best known for developing the Concourse Corporate Center, affectionately known to generations of Atlantans as the “king and queen” buildings. Kelley also developed Midtown’s Promenade tower. It was a tremendous honor for a man who has made a lasting impact on our community.
Seeing all the exciting development in our city made Frazier & Deeter’s team who attended proud to be a part of Atlanta’s Real Estate community for more than 30 years.
All in all, it was a very memorable evening at the Fox!