SDG's Point Place To House Faneuil's New Call Center
SDG Value Fund I, LP has executed a 15,700 square foot lease with Faneuil Inc, for space at its Point Place II office building in Nashville, Tennessee. The Hampton, Virginia base Faneuil will be creating a new 200 seat call center in the new facility that is scheduled to open January 31.
Faneuil joins Omnicell Inc., as the second out of state company to locate a major new facility in Point Place II in the last six months. Omnicell, a publicly traded medical software company based in California, opened a 25,000 square foot office in July.
"As a rapidly growing company, we are often faced with rapid deployments that demand flexibility and committed real estate partners. When presented with an opportunity in Nashville, we were fortunate to find the perfect partner in SDG who's worked with us to create a wonderful working environment for our employees. Point Place will be a long term investment for Faneuil as we look for ....
SDG Executes Two-Year Lease Extension With CIGNA
SDG Value Fund I, LP, has executed a two-year lease extension with CIGNA for its space in the Metro Exchange building in Nashville, Tenn. CIGNA has occupied the entire 94,822 square-foot building for over a decade.
“We look forward to continuing to meet CIGNA’s facility needs at Metro Exchange,” says Stan Breon, a principal at SDG Advisors in Atlanta, the firm that operates SDG Value Fund I.
The lease extension is valued at over $3.5 million over the two-year term. Harrison Johnson off Nashville’s CB Richard Ellis represented CIGNA in this transaction.
Metro Exchange is located in Nashville’s 850-acre mixed-use Metro Center office park, which is home to over 2....Continue Reading...02-05-2010 It has been hard to follow any kind of financial news over the last year without references to the coming train wreck that is projected to happen in commercial real estate (“CRE”). Many industry people expected this other shoe to drop by now and are concerned that its delay will only prolong the agony of the current CRE market. A recent article from the CoStar Group summarized the results of a Barclays Wealth survey of High Net Worth (HNW) investors, in the form of individuals, family offices, and Registered Investment Advisors (RIAs). As a group, 68% of these investors would like to increase their real estate investments in the near term, with indications that family offices were forming alliances to go after larger investment opportunities. Over 25% of respondents expect real estate investment returns to outpace returns from other asset classes. More than half of these investors expect the value of their current holdings to increase over the next two years. HNW investors view real estate as offering income and capital appreciation-however the real estate market is viewed an neither liquid nor transparent, which in the very near term is hindering these investors. “Be aware.” This two-word phrase is the simple yet wise crux of Maria Neary’s advice on how to avoid becoming a victim of the fastest growing crime in America: identity theft. Mark and Stan recently had the privilege of hearing Neary, Managing Director of Geller Family Office Services, LLC in New York, speak on the subject of identity theft. Her presentation delineated and expanded on the FTC’s three-pronged approach to dealing with the dangers of living in the information age, an approach the FTC terms “Deter, Detect, and Defend.” Mark and Stan were impressed with her authority on the subject not only as someone whose job requires handling sensitive client information but also as someone who has experienced identity theft firsthand. “My wallet was stolen. I was in a restaurant, and somebody must.... Imagine a boxer who has been knocked out but has awakened and begun to climb to his feet just in time to stay in the match. As he grabs at the ropes for support, the colors and sounds of the crazed crowd shouting his name are blurry and muffled, coming in and out of focus. His head is spinning, and he's not quite sure which way is up and which way is down. It’s hard to think of such an image and not draw parallels to this economy. After the house of cards came crashing down in 2008, we’ve all been reeling, trying to get our bearings after such a blow. And it’s not just a matter of finding the right expert to listen to or the right indicator to watch—there seem to be signs that we’re coming to the end of the tunnel, ....Continue Reading...07-29-2009 SDG has recently implemented green cleaning chemicals in their Metro Exchange property in Nashville, Tenn. Mark and Stan are excited to be able to partner with CIGNA, the building’s sole tenant, to lead such an environmentally responsible change. According to David Sikes, owner of Sikes Paper Co. in Atlanta and treasurer for the International Sanitary Supply Association, the use of green cleaning chemicals can significantly reduce any potential negative health effects associated with commercial cleaning products. The lack of perfumes and dyes in green chemicals reduces the presence of any possible irritants . "We hear positive comments almost daily about how janitorial workers like the products,” Sikes says. “They notice that when they’re pouring the chemicals or when they spray a surface down to be cleaned, they don’t get all that kic.... Nashville, TN, October 31, 2008 - SDG Value Fund I has acquired a controlling interest in the 50,000 square foot Point Place II office building in Nashville, Tennessee. This is the second Nashville acquisition of the Fund, which purchased the 95,000 square foot Metro Exchange office building in 2007. Atlanta, GA, November 5, 2008 - In response to the recent turmoil in the economy, SDG hosted a roundtable for key industry leaders to weigh in on some of the most pressing issues of our day. On Tuesday, October 14, a group of 10 executives from a wide range of businesses gathered over lunch for an informal discussion led by SDG Principals, Mark Parker and Stan Breon. The result was a very interesting exchange that while acknowledging the current difficulties, also illustrates new opportunities being pursued as a result of these challenging times. A Word from Mark & Stan October 2, 2008 - It has been a historic couple of weeks for financial markets. Like a child amazed at a soap bubble that floats through the air and suddenly disappears, many of us have had that same expression on our faces as we watch storied institutions evaporate before our eyes just as quickly. Everyone has an opinion about what’s going on in Washington this week. Last week our banker forwarded us the article below written by Brian S. Wesbury, Chief Economist for First Trust (www.ftportfolios.com), regarding an accounting issue known as mark-to-market. Whether you support the current bailout or not, we think Mr. Wesbury’s column gives great backgrou....Continue Reading...06-05-2008 Pike Nursery Prepares For New Growth The recent violent outbreaks in our schools and universities serve as a potent reminder of the deep unrest that permeates our country right now. As investors in the infrastructure of our communities, we also feel a responsibility to invest in the social fabric of our society. And one of the best ways we have found to do just that is through Mar....Continue Reading...05-05-2008 STAN'S MARKET INSIGHT
The Economy and the Financial Markets: Atlanta – SDG Real Estate Advisors, LLC, through its SDG Value Fund I, LP has funded equity for CentDev Properties, LLC to redevelop four acres in Douglasville, Georgia. The transaction closed in early December 2007. Got Water? Next to the financial issues surrounding the mortgage meltdown, the most prevalent topic of discussion in metro Atlanta in 2007 was the drought and the future of Atlanta’s water supply. What does this mean to the economy of Atlanta and north Georgia? Atlanta, GA - SDG Advisors, through its SDG Value Fund I, has acquired the 94,288 square foot Metro Exchange office building in Nashville, Tenn. This marks the first acquisition of the fund which is sponsored by SDG Advisors, LLC, a partnership of Atlanta real estate veterans Stan Breon and Mark Parker. Market Update
The delay is being perpetuated by the “look the other way” approach some lenders have taken, primarily because of the massive issues they have had to deal with on the residential side. Additionally, sellers have been unwilling, and in some cases unable, to accept the reality of lowered values, hoping they can ride out the storm, contributing to the significant gap between the bid and ask for properties that are on the market.
How bad is the CRE transaction market? According to a recent report by Jones Lang LaSalle, US CRE sales totaled $16 bill....Wealthy Investors on Leading Edge of Real Estate Investment
Current additions to HNW real estate portfolios appear to be in barbell fashion....Identity Theft: A Victim’s Advice
July eNewsletter
Metro Exchange Goes Green
SDG Adds Building in Nashville
Constructed in 1985, Point Place II is a two-story brick and glass building located on Donelson Pike just north of I-40 and the Nashville International Airport. SDG purchased their interest in the building, which is currently 16% leased, intending to reposition and re-tenant the building. The building has an above average parking ratio which is available to accommodate back-office and call center users.
SDG has appointed Nashville Commercial Real Estate to lease and ....Continue Reading...11-05-2008Roundtable Reality Check
Key observations
The first question posed revolved around the biggest issues or obstacles that their companies have faced over the previous year, and how they see the credit crunch and current market shock affecting their business. Here are some of the observations that emerged as participa....Continue Reading...10-02-2008Here's a Plan to Avoid a New RTC
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SDG Helps Pike Choose New Headquarters
The newly reorganized Pike Nurseries is turning over a new leaf as they relocate their corporate offices in Gwinnett County from Norcross to Duluth. Under the new management of California-based Armstrong....Continue Reading...05-13-2008Ethos
Market Commentary from our May eNews
A Look at the “C” Word and the “R” Word
In Webster‘s dictionary, the word “capitulation” has several different, but related meanings. When used in relation to financial markets, it means “to surrender, to give in.” Although seemingly contradictory, in times such as this, astute followers of the financial markets welcome the arrival of this phenomenon – an overall sentiment that the market is terrible, there are no signs of hope, and it will never get better. Only when this sentiment arrives, can there be a true market recovery.
The quest....Continue Reading...02-05-2008SDG Funds CentDev Properties
This marks the f....Continue Reading...02-05-2008The Truth about the Water Crisis
“The report of my death was an exaggeration” – Mark Twain
Many US cities have water issues, ongoing for decades. Instead of dealing with this issue in Atlanta, local and state officials have ignored the “elephant in the room” allowing it to progress all the way to crisis status. Remember the millions of dollars in state and federal sewage fines amassed by the City of Atlanta? These costly issues have still not been corrected. It only stands to reason that the diminishing water supply has been equally neglected.
Consider that the current drought is a 100-year drought, which will reverse itself in time. While overbuilding is constantl....Continue Reading...09-13-2007SDG Launches Fund with Nashville Acquisition
Constructed in 1976, Metro Excha....Continue Reading...