Atlanta Business Chronicle
by Douglas Sams
Perimeter Summit, one of the high- profile mixed-use projects near Perimeter Mall, has a new leasing team and a new developer.
CB Richard Ellis Inc. will take over from Hines the leasing assignment of the 83-acre office and retail complex on Ashford-Dunwoody Road at Interstate 285.
Bob Voyles, who founded Seven Oaks Company LLC, will lead development of the next office towers once the commercial real estate market rebounds.
Three office towers — 1001, 2002 and 3003 Summit Boulevard — anchor Perimeter Summit. The development also includes 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, both 18-story buildings, and was considering when to begin its fourth tower, 4004, before the lending market crashed late last year.
The switch to Voyles should be natural, since he was the leader of Hines when Perimeter Summit was being developed. Voyles left Hines to form Seven Oaks.
Seven Oaks and GE Asset Management also formed a joint venture in 2007 to reassemble Riverwood, a project first conceived in the mid-1980s by Portman Barry, the company run by famed architect John Portman and developer Hal Barry.