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.