Weeks and Robinson Lead New Real Estate Investment and Development Firm, Weeks Robinson...
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Weeks and Robinson Lead New Real Estate Investment and Development Firm, Weeks Robinson Properties Business will focus on Sunbelt's industrial/commercial market ATLANTA--(Business Wire)-- In the 30-plus years Ray Weeks and Forrest Robinson have worked together, they have had a significant impact on the Southeast's commercial and industrial real estate market, developing and managing billions of dollars worth of successful projects in 17 cities. Now they are applying their collective experience, along with that of financier Rex Fuqua and Atlanta real estate veterans, to today's market by founding a real estate development and investment company, Weeks Robinson Properties. The company's primary focus will be the development of industrial and office properties in Atlanta and other growing Sunbelt cities. Weeks Robinson will also partner strategically with retail and residential developers in the region. Ray Weeks is Chairman of the new company; Forrest Robinson is Chief Executive Officer. Rex Fuqua, President and Chief Executive Officer of Fuqua Capital, will serve as a director and member of the investment committee. Kit Baker and Bob Currie are Senior Vice Presidents. Joe Keough, Chief Operating Officer of Fuqua Capital, will also work with Weeks Robinson as Chief Financial Officer. This team will oversee the leasing of industrial buildings that were begun as a Cousins-Weeks joint venture, and will pursue other speculative industrial and build-to-suit developments on sites owned or controlled by the company. The firm will also assist in the 1500-acre redevelopment of a mixed-use project at Ft. Gillem, the U.S. Army facility in southeast Atlanta that was designated for closure by the 2005 Base Realignment and Closure (BRAC) Commission. Robinson began the project while at Cousins and at Weeks Robinson he will continue to venture with Ft. Gillem partners LNR Property Corporation and The Benham Company. "Our initial portfolio is primarily Atlanta industrial and commercial investment and development opportunities," said Weeks. "We intend to aggressively position ourselves in this down cycle for a recovering economy." Weeks, formerly chairman and chief executive officer of Weeks Corporation which later became Duke-Weeks Realty Corporation, and Robinson, recently president of Cousins' industrial group, shared a successful history at Weeks Corporation. Considered experts in master-planned business parks, they were also broadly known for development excellence and client retention. They took the company public as a REIT in 1994. Before it merged with Duke Realty in 1999, Weeks Corporation had grown to over $2 billion in assets with operations in 10 cities. Weeks Robinson is headquartered on the seventh floor of the 100 Riverwood building, co-located with Fuqua Capital and Fuqua Rich Weeks LLC. With access to the private equity expertise, investment capabilities, and the energy and environmental focus of these two firms, Weeks Robinson will be better able to serve clients. For the last three years, Weeks has been working as chairman of the BeltLine Partnership to advance the Beltline, an innovative urban renewal project in Atlanta. His contributions toward the development of public policy-based solutions to growth-related challenges have been recognized by Georgia's conservation and business communities. In recent years, Weeks has been presented with awards by: The Georgia Conservancy, the Georgia chapter of the National Association of Industrial & Office Properties, the Atlanta Regional Commission and the Georgia Economic Developers Association have all presented him with awards in recent years. For more information about Weeks Robinson Properties, please call Betsey Weltner at 912-222-4131 (betseyweltner@gmail.com) or Deborah Wannamacher at 404-816-7542 deborah@weeksproperties.com. Photos are available by request. Weeks Robinson Properties Betsey Weltner, 912-222-4131 betseyweltner@gmail.com or Deborah Wannamacher, 404-816-7542 deborah@weeksproperties.com Copyright Business Wire 2008
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