CORFAC News

Web-based solutions firm extends and expands lease at  200 Galleria Parkway in Cumberland/Galleria submarket

ATLANTA, GA, September 21, 2009 - Alan Joel Partners/CORFAC International today announced that Silverpop Systems Inc. signed a seven-year lease extension and expansion at 200 Galleria Parkway in Atlanta, GA. Under the terms of the new lease agreement, Silverpop will occupy more than 62,000 square feet.

Silverpop, a web-based solutions firm which enables companies worldwide to build relationships with customers and prospects through the creation, automation and delivery of relevant online messaging, previously occupied 38,354 square feet.

Alan Joel and Dave Smith of Alan Joel Partners/CORFAC International, together with Sam Holmes and John Schlesinger of CBRE jointly represented the Silverpop in this transaction. Sam Zelony and Jessica Thurman of Grubb & Ellis' Atlanta office negotiated the agreement on behalf of the landlord, Grubb & Ellis Realty Investors.

"The joint listing brought together two unique firms with distinct market knowledge, insight, and expertise to the table, which in turn helped the client achieve well-over and beyond its objectives as it related to their occupancy costs and real estate needs," said Alan Joel, CCIM, principal of Alan Joel Partners/CORFAC International. Mr. Joel is also the president-elect of Atlanta Commercial Board of Realtors.

Mr. Joel added. "In a soft market where relatively few large deals are announced, this transaction continues to confirm the attractiveness of Atlanta to those corporations seeking access to a highly-skilled labor pool. It’s a bit of great news for the local economy."

Now more than 88 percent occupied, 200 Galleria is a 20-story, 438,000-square-foot Class A office building in the Cumberland/Galleria submarket of Atlanta. In February, the facility earned the U.S.
Environmental Protection Agency's prestigious Energy Star designation, a distinction awarded to qualifying commercial buildings and industrial plants that rate in the top 25 percent of facilities in the nation for energy efficiency.

About Alan Joel Partners /CORFAC International
Alan Joel Partners is a local Atlanta commercial real estate brokerage and investment firm specializing in office, retail, and industrial commercial real estate. The company is established on the principal of trust. In a business that has been transaction driven, Alan Joel Partners’ philosophy is client driven. The firm joined CORFAC International in 2003. For more information visit www.alanjoelpartners.com or call 404-869-2602.

About CORFAC International
CORFAC International is one of the largest commercial real estate services organizations in the world and celebrates its 20th year in 2009. U.S.-based CORFAC is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge and Panama-based Latin American Corporate Property Services. In recent years, CORFAC firms completed over 9,000 commercial real estate transactions annually, encompassing more than 300 million square feet and valued each year in excess of $30 billion. For more information on CORFAC contact 954-923-6160, info@corfac.com or visit www.corfac.com