John Bezzant

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    The 640,000-square-foot property—completed in 1971—lowered its electrical consumption by 21 percent since 1998. Additionally, sustainability features include a water reduction of 3.7 million gallons annually since 2010.

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    Cushman & Wakefield represented Velocis in its disposition of Royal Centre One, a 152,935-square-foot property within the Royal 400 office park in Alpharetta.

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    The buyer selected Avison Young to oversee property management and financed the acquisition with a five-year, $18 million loan held by Capital Bank.

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    Dubbed University Professional Center, the three-story property is the first office building constructed in Plantation, Fla., in the last 10 years.

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  • Building Toward a Common Good

    At the Urban Land Institute's annual conference, seasoned developers exchanged stories of challenges they have overcome in creating economic value and public benefit.

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