In December 2019, Dividend Realty purchased this vacated industrial property in the heart of the fast-growing LaGrange Industrial Park. Dividend is quickly redeveloping the property into a modern 240,000 square feet logistics center for multi-tenant use. Completion is scheduled for the Summer of 2020. Please see the attached brochure for details.
Dividend acquired TDK’s former video cassette tape manufacturing facility redeveloping the property into a multi-tenant industrial space including:
Dividend acquired two abandoned and environmentally contaminated properties of the former Photocircuits manufacturing company. These properties were revitalized under the Georgia Environmental Protection Division’s Brownfield Program. All sources of contamination were identified and fully remediated. This property was then redeveloped, by completing, in only six months, a rigorous, complicated reconstruction plan, culminating in a new headquarters and primary distribution center for the Wencor Group, an innovative aviation parts company.
Dividend acquired Gardner Denver’s industrial blower plant relocating their manufacturing equipment to their facility in Pennsylvania. Redevelopment of the property included a new TPO roof with rigid foam insulation, subdivision of the space for three new tenants, and installation of a 240 kilowatt solar power system. The 25,000 square feet of the former administrative, engineering and R&D offices were remodeled for Panasonic Automotive Systems.
Dividend acquired this former paper manufacturing plant redeveloping it into a flex space facility with professional offices on the front side and warehouse space with dock doors on the reverse side of the building. The original square footage of approximately 48,000 square feet was expanded to almost 117,000 square feet in order to maximize the buildable acreage of the property. Additionally, a cell tower site was added to the property with a 50-year lease.
Dividend acquired two abandoned and environmentally contaminated properties of the former Photocircuits manufacturing company. These properties were revitalized under the Georgia Environmental Protection Division’s Brownfield Program. All sources of contamination were identified and fully remediated. This property was then redeveloped into the southeastern regional offices for Assa Abloy Entrance Systems and a new manufacturing facility for their MegaDoor product. The MegaDoor manufacturing process required design for and installation of a 72’ span 13-ton bridge crane. Additionally, a 225 kilowatt solar power system was installed on a new high efficiency TPO roof.
Dividend completed the redevelopment and repurposing of this former printing facility in Phoenix, Arizona. The project included raising the
roof on a 40,000 square foot portion of the building from 10’ clear height to 23’ clear height to accommodate a new manufacturing process.
The facility was then converted into a polyisocyanurate foam insulation manufacturing facility for Atlas Roofing Company. Project work
included column footing upgrades, new structural steel columns and bracing, and an additional $8 million dollar process related improvements.
Dividend acquired the former Sealed Air Corporation property. The original 50,000 square foot building was redeveloped into a multi-use, multi-tenant facility. Later, Dividend doubled the size of the facility redeveloping additional corporate office space, clean room manufacturing areas, and warehousing for food grade products for the Scholle IPN Packaging company.
Dividend acquired the 1890 West Oak Parkway property through a Ten-X auction. The property was underperforming due to vacancy, below market leases, challenging building design and deferred maintenance. Dividend redeveloped the property with building modifications and remedying all outstanding maintenance items. In less than six months, existing leases were renegotiated and new leases were added to completely fill the property.
Dividend redeveloped and repurposed this former gym and fitness facility into professional office building. The project was completed in less than two months including demolition and tenant improvements – a modern, flexible, open work space environment for a team collaboration.
John is currently the Managing Principal of Dividend Realty, a real estate company specializing in development of commercial, industrial and multi-tenant flex space real estate projects.
Active in the commercial real estate business since 1997, John has completed several million square feet of projects since this time. He has developed a track record for completing quality projects with a focus on limiting risk, a strategy which helped the company navigate and prosper during the most recent financial crisis.
Beyond the commercial real estate realm, John’s experience includes owning and managing an engineering and construction company, Tiernan & Patrylo, from 1994-2019. Under his leadership, the company doubled its volume annually for the first seven years of his tenure. The company continued to grow and remained profitable for the twenty-four years he was in charge, completing all types of projects including manufacturing, specialty medical, process/chemical refinement, data centers, warehouse and distribution centers, among others. John sold the company to his junior partners in June 2019 so that he could focus exclusively on the real estate business.
Prior to this, John worked for an international engineering and construction firm, located in Paris, France for three years. He completed numerous projects internationally as well as throughout the U.S. He worked part time on a large data processing center for American Express while obtaining his master’s degree.
John also is invested in the medical sector. He is the largest shareholder and board member of NSI Health Systems, which manufactures and distributes patented cervical, lumbar, and MIS spine retractor systems and other neuro surgical instruments.
John graduated as his high school’s valedictorian and continued on to earn a B.S. in Civil/Structural Engineering with a minor in Metallurgical Engineering from the Colorado School of Mines in Golden, Colorado in 1986. He graduated with honors from the Thunderbird School of Global Management in Glendale, Arizona in 1989. He is a licensed Professional Engineer and is fluent in written and spoken French.
Licensed in Georgia since 1977, Mark is the Managing Broker and a Principal of Dividend Realty, LLC; a commercial real estate firm specializing in industrial acquisitions, redevelopment, repurposing, leasing, property management, and dispositions.
Mark holds the prestigious CCIM (Certified Commercial Investment Member) designation awarded by the CCIM Institute and is an active member of the Georgia Chapter of the CCIM Institute. Designated CCIM professionals are recognized as experts in the disciplines of commercial and investment real estate. In September 2018, Mark was awarded the CCIM Institute’s elite Development Specialty Distinction. Mark completed the CCIM Development Specialty Track program (20+ intensive courses) focusing on the best practices required for successful development projects. Mark was the first CCIM in the state of Georgia to receive this distinction.
Mark was awarded the highly respected SIOR designation by the Society of Industrial and Office Realtors. SIOR is the leading global professional office and industrial real estate association. Mark is one of less than 3,400 recipients worldwide receiving this designation. SIOR represents the most knowledgeable, experienced, and successful commercial real estate brokerage specialists.
Additionally, Mark is a member of the National Association of
Realtors, Georgia Association of Realtors, and the Atlanta Commercial Board of Realtors where he is recognized as an elite member of the Million Dollar Club (MDC). He is also a member of the Real Estate Group of Atlanta (REGA). REGA, established in 1989, is one of Atlanta’s most prominent real estate organizations. Its membership is drawn from a carefully selected group of established leaders in all aspects of the commercial real estate business.
Mark holds the coveted DBIA certification from the industry renowned Design Build Institute of America. Comprised of architectural, engineering, and construction professionals along with Owners, DBIA members collaborate and innovate to deliver successful projects with Design-Build Done Right.
His educational accomplishments include bachelor’s degrees in Building Construction (BSBC) and Industrial Engineering (BIE) from the Georgia Institute of Technology, Atlanta, GA and a Master of Theology (ThM) degree from Dallas Theological Seminary, Dallas, TX. Mark has also taken Master of Business Administration (MBA) classes at Samford University, Birmingham, AL and Webster University, St Louis, MO, as well as, courses in law at Atlanta’s John Marshall Law School, Atlanta, GA.
Mark and his wife, Rhonda, reside in Senoia, Georgia. They have four adult children and three grandchildren.
Larry has over 25 years of experience planning
and directing project management for diverse industries including medical,industrial, data centers, food processing/distribution, R&D facilities, and waste treatment projects. He has a
strong background in design-build work and general contracting.
As a Principal with Dividend Realty, Larry
is responsible for all design-build activities including direct coordination of all disciplines during the
project planning phase, determination of project scope, and preliminary architectural and engineering design. Additionally, he is directly involved with conceptual estimates, unit pricing, subcontractor pricing, compiling project estimates, and construction management.
Larry’s educational background includes a Bachelor of
Science in Building Construction from the top-ranked College of Design, Construction & Planning of the University of Florida. He is also a licensed General Contractor in several states.
Residing in Peachtree City, Larry is happily married and
has two adult children.