Pair of CRE veterans among top producers in office landlord category after banner year that sees firm’s total leasing volume eclipse $160 million
ATLANTA – (March 28, 2022) Bridge Commercial Real Estate, a commercial brokerage subsidiary of Bridge Investment Group, announced today that CEO Jeff Shaw and Managing Director of National Leasing Kevin Lott have been named as members of the 2022 Million Dollar Club by the Atlanta Commercial Board of Realtors. Shaw (No. 6) and Lott (No. 7) both landed in the annual top ten rankings for the office landlord category, a prestigious list that reflects annual leasing volume. 2021 was a strong year not only for Bridge Commercial Real Estate, but overall in commercial real estate in Atlanta with a record of $47.6 billion in combined production.
The pair of real estate veterans are no strangers to one of the most prestigious awards in Atlanta’s brokerage community, with Shaw now a 16 year member of the Million Dollar Club and a Phoenix Award Recipient, while Lott made the list for the 14th time. The efforts of both men fueled a record-breaking year for Bridge’s national office portfolio as the firm surpassed $160 million in total leasing volume in 2021.
“It’s an honor to be recognized as a member of the Million Dollar Club, particularly in a year where Bridge and many of our peers reached new heights despite media narratives that proclaimed the end of the modern office,” said Shaw, who also presently serves as Vice President of ACBR. “The numbers speak for themselves and illustrate continued pent-up demand for office real estate by companies large and small that recognize the value of in-person work and its inherent connection to growth and productivity. In Atlanta and elsewhere, more businesses are going back to work every day, signaling a bright future for office owners and the brokerage community.”
Shaw and Lott combined for $114 million in total leasing volume across Metro Atlanta in 2021.
“It’s very humbling to be recognized as a top 10 producer for the Million Dollar Club, which is comprised of many talented professionals who I have the utmost respect for,” said Lott. “Bridge’s ability to lead from the front and provide tangible examples of how companies could achieve a successful return to the office played an instrumental role in our overall leasing success. We are well-positioned to capitalize on the next chapter of the office market story, which will reward landlords that prioritize flexibility and provide new amenities that foster a comprehensive workday experience.”
Bridge recently launched Abridge, a new flexible-term office program that meets growing market demand for businesses who seek move-in ready office space without having to sacrifice their individual brand and workspace. The first phase is underway with a total of 158,000 square feet at six Class-A properties across the country, including 1277 Lenox Park and The Dupree in Atlanta, Georgia; Flagler Station in Miami, Florida; Makers Point in Reston, Virginia; Tower 1320 in Irving, Texas; and West End Office Park in Minneapolis, Minnesota. Additional phases are under design with a target to deliver approximately one million square feet of inventory across Bridge’s national office portfolio.
ACBR’s Million Dollar Club was founded in 1959 with twelve original charter members. A banquet honoring this year’s winners was held in Atlanta on March 17.
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About Bridge Investment Group: Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $36.3 billion of assets under management as of December 31, 2021. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease and real estate-backed credit.
About Bridge Commercial Real Estate: (“BCRE”) is an established player in the U.S. commercial office market that specializes in creating desirable, next-generation workspaces. BCRE provides world-class commercial office brokerage services, property management, accounting and commercial construction services for Bridge Office assets. With a proven blueprint that delivers long-term value for tenants and investors, our portfolio includes office properties uniquely positioned in dynamic, high-growth markets across the U.S. and continues to grow. We are laser focused on how companies work today – and will work tomorrow. Headquartered in Atlanta, Georgia and Salt Lake City, Utah, BCRE is a subsidiary of Bridge Investment Group.