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Atlanta Commercial Real Estate Veterans Launch Fairlead
New commercial real estate services firm will acquire properties, provide third-party management services thought the Southeast.
ATLANTA (Nov. 5, 2012) — Three Atlanta commercial real estate veterans with nearly 60 years of combined industry experience have launched Fairlead Commercial Real Estate, a commercial real estate investment and services firm based in Atlanta.
Jeff Shaw, Kevin Oats and John Ward, who together have been involved with more than $1.5 billion of commercial real estate acquisitions and managed 15 million square feet of space, are the principals of the new firm. Fairlead will acquire properties and provide asset management services, property management and leasing services within its existing portfolio of buildings as well as to third-party investors.
“Our new firm is well funded, and we look forward to growing our ownership portfolio throughout Atlanta and the Southeast,” said Shaw, president of Fairlead. “Our existing and new capital partners are excited about the future and are looking forward to growing our platform, sharing our belief that the future looks very bright for commercial real estate in the Southeast.”
Fairlead is looking to acquire core-plus and value-add office and industrial properties in the Southeast and in Texas. Targeted purchase prices will range from $5 million to $100 million.
Fairlead has a presence in several of Atlanta’s submarkets. The principals of the firm have ownership in 45 Atlanta commercial buildings and currently lease and manage 11 buildings, including 1455 Lincoln Parkway in the Central Perimeter submarket, 1899 Powers Ferry in the Northwest submarket and buildings 45, 145 and 147 in Technology Park in the Northeast submarket.
The firm is currently in negotiations to purchase four more properties.
“Good opportunities still exist to acquire value-add properties at discounts, and Fairlead hopes to announce a new acquisition by year end,” said Ward, chief investment officer of Fairlead. “We will be strong players in both the value-add and core markets, and possess the experience and expertise to serve investors in both of these areas extremely well.”
“Fairlead provides top-notch management and leasing services through our operating company, and moving forward we have plans to add tenant representation and expand our current third party management and leasing platform,” said Oats, chief operating officer of Fairlead. “We are excited about the chance to create considerable value for our clients in these segments of our business.”
Shaw, who has 22 years of commercial real estate experience in the Southeast, served as president of Jackson Oats Shaw Corporate Real Estate for the past eight years. In that position, he oversaw more than 45 employees and was responsible for the management of 4.2 million square feet of office, industrial, medical and retail properties in metro Atlanta. He has completed thousands of leases in his career and also has held executive positions with COMPASS Management & Leasing, Insignia/ESG, Cushman & Wakefield and PC Associates. Shaw has provided asset-leasing advisory services for General Electric, Lend Lease Investments, LNR Partners, Morgan Stanley, Northwestern Mutual and Wachovia, among others.
Shaw has been named to the Atlanta Business Chronicle’s “Who’s Who in Commercial Real Estate” and was recently featured in the paper’s “People in the News” executive profile feature. Shaw has received awards from such institutions as the National Association of Industrial and Office Properties. He has achieved lifetime membership in the Atlanta Commercial Board of Realtors’ Million Dollar Club.
Ward has worked in commercial real estate for 14 years and has been involved with the asset management of 13.6 million square feet, the development of 2.4 million square feet, the acquisition of $700 million worth of properties and $550 million of loan originations. He most recently was the chief financial officer of Jackson Oats Shaw and has also held executive positions with Flashpoint Capital Partners, Banyan Street Partners, America’s Capital Partners and Cousins Properties.
Oats has more than 22 years of experience in property and facilities management. He served as chief operating officer at Jackson Oats Shaw Corporate Real Estate, where he played critical roles in transitioning more than 4 million square feet of acquisitions into the firm’s operating company and growing the firm’s portfolio of Atlanta commercial office buildings into the ninth largest. Oats also was a vice president at Jones Lang LaSalle, where he provided management oversight for the firm’s J.P. Morgan, Goldman Sachs and Morgan Stanley assignments in Atlanta.
About Fairlead Commercial Real Estate:
Lead by principals who have been involved in a total of more than $1.5 billion of acquisitions and managed a total of 15 million square feet of space, Fairlead Commercial Real Estate is a commercial real estate investment and services firm based in Atlanta. The firm acquires properties and provides asset management services, property management and leasing services within its portfolio of buildings as well as to third-party investors.
The firm, which has a presence in several of Atlanta’s submarkets, looks to acquire core-plus and value-add office and industrial properties in the Southeast and in Texas. Targeted purchase prices range from $5 million to $100 million.