CresaPartners Assists 1st Option Mortgage with Expansion
June 26, 2008
CresaPartners, an international corporate real estate advisory firm, recently assisted 1st Option
Mortgage, LLC with renewal and expansion of its corporate headquarters at 400 Galleria Parkway,
Atlanta, Georgia 30339. Ed Riggins, Executive Vice President with CresaPartners, and David
Dixon, Associate Director, represented 1st Option Mortgage in the lease renewal of 22,775 square
feet. 1st Option expanded its office space by more than 10% and now occupies three separate suites
in the 400 Galleria building.
1st Option Mortgage is a residential mortgage company with offices in Arizona, Colorado,
Florida, Georgia, Illinois, Indiana, Missouri, Nevada, Texas and Wyoming. Both the Corporate
Office and the Atlanta Branch Office are housed in the 400 Galleria building, where the company has
leased office space for the past seven years.
“Even with the downturn in residential housing, our business continues to thrive as we assist
credit-worthy consumers with selection of the best mortgage programs for their particular needs,”
said Tim Burford, Managing Partner of 1st Option Mortgage. “Just as we help our customers
find the right loan, CresaPartners steered 1st Option through a very complicated transaction
involving three different leases in the 400 Galleria building, and we are very pleased with the
results.”
“Because of how they operate their business, it made sense for 1st Option to remain in three
different suites in the building and just expand by 2,300 square feet on the 17th floor,” said
David Dixon of CresaPartners. “Given all the bad news in their industry, we were really happy
to be representing a company in the mortgage business who is enjoying so much success.”&
#160; CresaPartners is also assisting 1st Option with the location of a new 5,000
square feet office in Columbus, Ohio.
Connie Engel of Childress Klein Properties represented the owner of the 400 Galleria
building, OTR.
About CresaPartners
CresaPartners is an international corporate real estate advisory firm that exclusively
represents tenants and specializes in the delivery of fully integrated real estate services,
including: Transaction Management, Project Management, Relocation Planning and Management,
Strategic Planning, Site Selection and Incentives, Subleases and Dispositions, Lease
Administration, Capital Markets, and Facilities Consulting. With more than 45 North American
offices, CresaPartners is one of the largest pure tenant representation firms in the U.S. and
Canada. Through a partnership with Atisreal international real estate group, CresaPartners is a
member of one of the leading real estate organizations in the world, covering 35 countries. For
more information, visit
www.cresapartners.com.
About 1st Option Mortgage, LLC
1st Option Mortgage, LLC is a residential mortgage lender with offices in ten states,
including Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Missouri, Nevada, Texas and
Wyoming. The company is comprised of seasoned mortgage professionals whose mission is to
treat customers with respect and understanding and to assist in separating fact from fiction so
that borrowers can make informed decisions. 1st Option is dedicated to cutting edge of technology
to keep ahead of financial trends and practices. The company offers a variety of loan
programs, on-line applications, and loan closings in eight business days or less. For more
information, visit
www.1stoptiononline.com.