Archon Group Moves Into Atlanta Industrial Market; 6878 Kelly Has Excellent Access to Rail, Interstate and Airport.Business Editors IRVING, Texas--(BUSINESS WIRE)--June 27, 2001 Archon Group, L.P., in partnership with The Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Group, Inc.-sponsored Whitehall funds, announces the purchase of 6878 Kelly located in Morrow Industrial Park in Atlanta. A 314,412 square foot office flex/warehouse property, 6878 Kelly is conveniently located seven miles south of Hartsfield Atlanta International Airport and one mile off of Interstate 75. "The majority of Atlanta's new development is occurring south of the city," commented Greg Johnson Greg Johnson may refer to:
Archon has made several improvements on the property including upgraded lighting, roofing repairs, additional exterior lighting, repainting and renovation of the office area's parking lot. Built in 1974, 6878 Kelly also has three front-load bay areas with rail access behind the property. Archon's industrial strategy includes acquiring existing Class B and C industrial real estate, including corporate excess real estate, in six key markets -- Atlanta, Chicago, Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Dallas and Denver. Archon is particularly interested in industrial assets that present opportunities to leverage its resources and expertise in investment and asset management through redevelopment and repositioning. About Archon Group Archon Group, L.P. is a diversified international real estate services and advisory company founded by The Goldman Sachs Group, Inc. (NYSE NYSE See: New York Stock Exchange :GS) when it acquired and consolidated the investment, asset management and development functions previously performed by third parties for a variety of private and institutional clients. In addition to acquisition and development advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , Archon Group provides asset management, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , environmental and structural analysis, structured finance, information technology, accounting, loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. and risk management. On behalf of private, public and government clients, Archon has been entrusted by some of real estate's most sophisticated leaders with assets valued at more than $15 billion. Archon Group is one of the nation's largest real estate and loan management organizations and is headquartered in Irving, Texas, with regional offices in Washington, D.C., Houston, Los Angeles, Tokyo, Bangkok, Seoul, Paris, Milan and Mexico City. |
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