Perimeter Summit changes leasing team and developer
CB Richard Ellis has taken over the leasing assignment of the 83-acre Perimeter Summit office and retail complex at Ashford-Dunwoody Road and I-285 from the Hines company. Meanwhile, Bob Voyles, who founded Seven Oaks Co., will lead the development of the next office towers when the commercial real estate market rebounds.
Three office towers — 1001, 2002 and 3003 Summit Blvd. — anchor Perimeter Summit. The development also includes the Villa Christina restaurant and a 330-unit condominium.
Perimeter Summit is owned by an affiliate of the General Electric Pension Trust.
Hines, in partnership with GE Asset Management, developed 2002 and 3003 Perimeter Summit, two 18-story buildings, and was considering the start of a fourth tower, 4004, before the market crashed.
Focus Brands expands operations
Focus Brands Inc., the franshiser and operator of Moe’s Southwest Grill and Seattle’s Best Coffee, recently leased 29,549 square feet of space at 200 Glenridge Point in Sandy Springs.
The lease represents a nearly 10,300-square-foot expansion of the space for the company, which owns and operates more than 2,200 ice cream stores, bakeries, restaurants and cafes.
A joint venture of Highwoods Properties Inc. and Kapital-Consult, a European investment firm, owns 200 Glenridge Point.
Bonnie White closes boutique
Bonnie White, who launched her namesake boutique in Buckhead more than 30 years ago, has closed the 3,500-square-foot store.
White said losses in 2008 and a grim outlook this year forced her decision. She had been marking down merchandise for months before closing Feb. 28. She said all leftover goods are in storage.
“It was a tremendous ride, and I will deeply miss my customers,” she said.
White said she sent letters to all vendors to whom she owes money, advising them when she will be able to pay. She did not warn them of the shutdown.
White carried lines such as Elliot Lauren, AZI Jeans, Cici Bianca, SNA Jewelry and Credibility.
The boutique opened in 1978 at Park Place and had stores at Lenox Square and Phipps Plaza before settling in a freestanding unit at 87 W. Paces Ferry Road.
White said she plans to focus on her role as president of the Retail Registry, an online search tool launched in October that allows buyers to search for new resources and view collections, and to restart the Bonnie White Web store in the fall.
Wendy’s/Arby’s tops fastest-growing list
The merged Wendy’s/Arby’s Group Inc. of Sandy Springs-based Triarc Cos. Inc. created a company of more than 10,000 restaurants, $1.8 billion in revenues and 70,000 employees. But it also tops the list of Georgia’s 25 fastest-growing public companies, as ranked by the Atlanta Business Chronicle.
Only companies with at least $100 million in annual revenue were considered for the list.
The Wendy’s/Arby’s Group is based in the Perimeter area of Sandy Springs off Peachtree-Dunwoody Road.