Coro News
Coro Realty Advisors Partners with Retail Veteran for New Division
Atlanta (August 30, 2018) — t h o u g h t w e l l, a new division of Coro Realty Advisors headed by retail veteran Kristi Rooks, is aiming to help real estate developers and owners deliver trophy assets through creative design, unique merchandising, strong branding and storytelling.
Retail is dying? Not in Atlanta
Courtesy of Amy Wenk and Douglas Sams
Atlanta Business Chronicle - May 26, 2017
See Full Article - http://www.bizjournals.com/atlanta/news/2017/05/26/retail-is-dying-not-i...
As developers this week head back from pitching their projects in Las Vegas, where RECon, the world’s largest retail convention, just wrapped up, they return to an Atlanta market boasting its healthiest numbers in years.
Metro Atlanta’s retail space vacancy stands at 8.5 percent, the lowest point in a decade, according to real estate services company Colliers International.
That number belies store closings and bankruptcies across the U.S. retail sector.
Atlanta is also bucking some of the trends. In urban and suburban retail districts including Midtown, Buckhead and the Central Perimeter, vacancy dropped to 7.5 percent at the end of the first quarter. That’s a big turnaround since 2012 — when those same areas had vacancy closer to 11 percent.
Loudermilk selling Midtown properties to Coro in $47 million deal
Courtesy of Douglas Sams and Amy Wenk
Atlanta Business Chronicle - April 13, 2017
See Full Article - http://www.bizjournals.com/atlanta/news/2017/04/13/loudermilk-selling-mi...
Longtime Atlanta real estate developer Robin Loudermilk is selling his portfolio of Midtown retail and parking properties as he turns more focus toward his Buckhead Village projects.
Loudermilk, president and CEO of The Loudermilk Cos., has struck a deal with Coro Realty Advisors LLC.
Coro is paying about $47 million, or more than $520 a square foot, for 87,905 square feet of street-level retail.
Those properties include prime retail space at 800 Peachtree, 805 Peachtree, Seventh Midtown and at the Spire and Viewpoint condo towers. Tenants at those buildings include Starbucks; the city’s first urban-format QuikTrip; and World of Beer.
The transaction also includes 606 parking spaces, many along Peachtree.
The entire transaction could be complete by the end of April, Coro executive Robert Fransen said. A deal for Shops at Spire, which includes Five Guys burgers, is still pending, Fransen added. Loudermilk will maintain a stake in 881 Peachtree, a new mixed-use project underway with The Hanover Co. that includes a nearly 400-unit, 29-story apartment tower, with retail space and about 30,000 square feet of office.
McKibbon Hospitality Announces New Hotel in Atlanta's Buckhead Neighborhood, Construction to Start Late Summer
Atlanta, Ga. (August 3, 2016) – McKibbon Hospitality, an award-winning hotel developer, owner and manager based in Tampa, Florida, and Gainesville, Georgia, announced its partnership with Coro Realty Advisors to build a new, 186-room, 108,659 square feet Hampton Inn & Suites by Hilton along Piedmont Road in the Buckhead area of Atlanta.
“We are thrilled to partner with Coro Realty Advisors to bring a premium hotel brand and more hotel rooms to the Buckhead area,” said David Hughs, president of McKibbon Hospitality’s investments and development division, “The Buckhead neighborhood is incredibly vibrant and we are proud to bring our experienced hospitality team to the community.”
The hotel will be located in the present shopping center named Buckhead Place, which is anchored by LA Fitness, Marshall’s, Pier One, Hyatt Place and 05 Buckhead apartment tower. The Hampton Inn & Suites Atlanta Buckhead Place will front on a private access road that runs to Piedmont Road.
