Press Release, March 1, 2008
Atlanta, GA – LandAmerica Property Services, a subsidiary of LandAmerica Financial Group, Inc (www.landam.com) has leased 12,353 SF of space in Brookside/700 at The Alter Group’s (www.altergroup.com) Brookside Concourse business park in Alpharetta, GA. Michael J. Alter, President of the Chicago-based national corporate real estate development firm, announced the lease.
This location, located at 4300 Alexander Drive, will be the headquarters and east-coast service center for LandAmerica Property Services, a subsidiary of LandAmerica Financial Group. The office supports the operations of the company’s national home inspection and home warranty services. LandAmerica Financial Group, Inc a leading provider of real estate transaction services with over 700 offices and a network of more than 8,500 active agents. LandAmerica serves agent, residential, commercial and lender customers throughout the United States, Mexico, Canada, the Caribbean, Latin America, Europe and Asia. For the second consecutive year, LandAmerica is recognized as number one in the mortgage services industry on Fortunes 2008 list of America’s Most Admired Companies.
Gregg Metcalf, Vice President of National Development, represented The Alter Group in the transaction. Billy Hobbs, Principal with Cresa Partners, represented LandAmerica.
“A spectacular amenity base, convenient location, unique work environment and the significant in-park amenities – all within walking distance of Brookside/700 – brought LandAmerica to Brookside. These amenities include daycare facilities, 13 restaurants, shopping, a Georgia State University campus, and a network of walking trails along the Alpharetta Greenways and the Big Creek Nature Trail,” Metcalf said.
“LandAmerica required the economy and convenience of a single-story building, with the amenities of a Class A multi-story project., which Brookside/700 provides.”
The 45-acre Brookside Concourse is located at Highway 120 (Old Milton Parkway, formerly State Bridge Road), just east of Georgia 400. Part of the 204-acre, mixed-use Brookside business park, Brookside Concourse ultimately will have more than 550,000 SF of single- and multi-story office space.
The Alter Group is a national corporate real estate development firm with five vertically integrated affiliate companies. Each offers specialized services including healthcare-facility development, construction and property management. Its Southeastern Region is headquartered in Atlanta and ranks as #3 among Atlanta’s top development firms by the Atlanta Business Chronicle.
The firm, founded by William A. Alter in 1955, has developed close to
100,000,000 SF of speculative projects for its own portfolio and build-to-suit facilities for corporate users. This year, the company has 6,700,000 SF of space, worth $758,000,000, under development in national markets. In addition, The Alter Group owns 18 business parks nationally, and 1,500 acres of vacant improved land for future development.