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Parsons Corporation to lease space in Georgia Cyber Center

Parsons Corporation–A Defense, Security, Infrastructure and Intelligence Company with 16,000 employees and $3.6 Billion in Revenue–is the latest company to lease space in the Georgia Cyber Center. It is estimated that they will create twenty-six jobs with the potential for more in the future.

According to Wikipedia, Parsons Corporation provided jet propulsion facilities during the cold war, and worked with nuclear, chemical weapons, as well as working in systems design for aircraft, missiles, and rockets. Today Parsons focuses on defense, infrastructure, and security, and handles many federal and municipal agencies along with private customers.

According to their website, Parsons has worked with the US Government for over 30 years providing technical and cyber intelligence solutions. The Cyber Center will be a great match for them and they will be a welcome addition to Augusta!

What are your thoughts about Parsons coming to Augusta? It seems the nation’s intelligence and cyber contractors are coming to Augusta! Do you think they will bring their whole operations here or just small teams?

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Downtown Market Update–3rd Quarter 2019

Posted on August 20, 2019 by powerserve

It looks like the market in Downtown Augusta is continuing to improve! There have been some notable sales downtown, with murmurings of decent deals being considered and hunted for. It appears that the investors are bullish on Downtown, and that prices have not peaked. It also appears that although there is talk of a recession, most people don’t believe Augusta will be significantly impacted. It appears that some notable buildings are potentially transacting–Bonnie Ruben has put her portfolio on the market, and the Lamar building and the Marion building are both said to be under contract. Ironwood Apartments sold the first week of August, and 1500 apartments are either just delivered or in development.

Recent Notable Sales:

714 Broad Sold to Rafy Bassali at $39.66 per foot

1109 Broad: Security Federal bought the Geneological society for $900,000, or $126.30 per foot

1361 Broad: The Kendrick Group bought this at $170,000, or 42.92 Per foot

401 Greene: Heard Robertson purchased the building at 401 Greene Street to develop into Apartments

701 Greene: Street sold for 2.5M from DWT Properties (Donnie Thomson) to Greene St Real Estate Investments.

46 Thirteenth Street–the new Domino’s Pizza sold to Lead Dog LLC

Recent Notable Leases: Notable leases include

Toaste of Augusta @ 722 Broad

State Farm @ 1126 Broad Street

Constantine Engineering @ 608 Broad

Best Lawyers at 801 Broad.