News Releases
May 1, 2008
Former Mexican President Vicente Fox Visits Atlantic Capital Bank
Mexico’s Former President Vicente Fox visited Atlantic Capital Bank on May 1st for a reception held in his honor. The former President of Mexico mingled with Atlantic Capital Bank’s guests, then spoke to the group about Mexico’s economic outlook and his new endeavor, Centro Fox.
Centro Fox, or the Vicente Fox Center of Studies, is Mexico’s first presidential library and museum. Founded by Former President Fox and funded entirely by private donations, the Fox Center focuses on promoting democracy and alleviating poverty in Mexico and other Latin American countries.
Fox concluded the evening with a signing session for his newest book, Revolution of Hope: The Life, Faith and Dreams of a Mexican President.
Click here to read the article in the Atlanta Business Chronicle about the former president’s visit to Atlantic Capital Bank:
“Former Mexican President Fox discusses foreign affairs, economics in Atlanta”
December 13, 2007
Cousins, Prudential Partner On Buckhead Office Tower
Pair Form $172.5 Million Joint Venture for Terminus 200
In a long expected move, Cousins Properties Inc. (NYSE:CUZ) brought in Prudential Real Estate Investors (PREI) on its Terminus 200 development, the 565,000-square-foot Buckhead office tower currently under construction. Cousins said the capitalization of the venture, including debt, will be $172.5 million, which is expected to cover the construction cost of the building.
The Cousins-Prudential joint venture secured a $138 million construction loan placed with a syndicate of lenders. Wells Fargo served as administrative agent, Regions Bank served as syndication agent, and PNC Bank, Bank of North Georgia and Atlantic Capital Bank joined as additional participants. PREI is acting on behalf of institutional investors.
Terminus 200 is the second office building at Terminus and follows the April delivery of Terminus 100. Signed tenants at Terminus 100 include Bain & Co., Citigroup, CB Richard Ellis, Wachovia, Cumulus Media, Synovus, Atlantic Capital Bancshares, Wilmington Trust Corp., UBS and Premiere Global Services. The building is now more than 95% leased.
Plans for the 10-acre mixed-use project ultimately include more than 1 million square feet of office space, 125,000 square feet of restaurant and retail space, and more than 800 units of for-sale residential. The first residential building at the project - the 137-unit 10 Terminus Place - is also under construction and scheduled for delivery in summer 2008. Terminus 200 is slated to deliver in August 2009.
PREI is a real estate investment management and advisory firm managing $39.6 billion in gross assets (28.8 billion net) on behalf of more than 400 clients, ranking it among the largest real estate investment managers.
[CoStar Group News Release]
December 11, 2007
Cousins Properties, Prudential Form $172.5 Million Office Bldg Venture
Cousins Properties Inc. (CUZ) formed a $172.5 million venture with Prudential Financial Inc.'s (PRU)
Prudential Real Estate Investors to develop, own and lease Terminus 200, a 565,000-square-foot Atlanta office building.
The venture also closed on a $138 million construction loan with Wells Fargo Bank, Regions Bank, PNC Bank, Bank of North Georgia and Atlantic Capital Bank.
Terminus 200 is slated to open in August 2009.
[CNNMoney.com News Release]
September 13, 2007
Chilton Davis Varner joins Atlantic Capital Bank’s Board of Directors
Sonny Deriso, Chairman of Atlantic Capital Bank, is pleased to announce that Chilton Davis Varner has been appointed to the Board of Directors of Atlantic Capital Bank.
Ms. Varner is a senior partner in the product liability practice of King & Spalding, a leading international law firm. An active member of the Atlanta community, Ms. Varner brings a wealth of knowledge and experience to Atlantic Capital Bank’s Board of Directors.
Chilton Davis Varner became King & Spalding’s first female litigation partner in 1983 and the first female partner to serve on the firm’s Management Committee in 1996. She is the senior partner in the firm’s product liability practice. She has lectured and published frequently in legal and medical literature on issues relevant to her practice, including tort liability, international law, attorney-client privilege and pharmaceutical law.
Ms. Varner serves on the Board of Trustees of Emory University. She is an officer and member of the Board of Directors of the Atlanta Symphony. Ms. Varner also serves on the board of publicly-held Brown & Brown Insurance. In 2007, she received the Lettie Pate Whitehead Award from the Board of Directors Network, honoring achievements and accomplishments of Georgia women serving on corporate boards of directors.
A native of Alabama, Ms. Varner graduated Phi Beta Kappa from Smith College in Massachusetts and received her J.D., with distinction, from Emory University School of Law.
Ms. Varner and her husband Morgan, also a lawyer in Atlanta, have a daughter, Ashley Varner, who is an oncology social worker at Johns Hopkins Hospital in Baltimore, Maryland.
September 13, 2007
John F. (Jack) Ward joins Atlantic Capital Bank’s Board of Directors
Sonny Deriso, Chairman of Atlantic Capital Bank, is pleased to announce that John F. (Jack) Ward has been appointed to the Board of Directors of Atlantic Capital Bank.
Mr. Ward is the former Chief Executive Officer of Russell Corporation. An active member of the Atlanta community, Mr. Ward brings a wealth of knowledge and experience to Atlantic Capital Bank’s Board of Directors.
John F. (Jack) Ward is the retired chairman and chief executive officer of Russell Corporation, where he served from 1998 until 2006 when the company was acquired by Berkshire Hathaway Inc. During his eight years with Russell, Ward moved the company from being primarily a domestic active wear apparel company to a global sporting goods company with many internationally known brands in its portfolio. Mr. Ward has also worked for other major companies including the Sara Lee Corporation, Hanes, H. J. Heinz and Proctor & Gamble.
Ward is a member of the Advisory Board of the Goizueta Business School at Emory University; the Board of Trustees at Salem College; the Board of Councilors at The Carter Center; and the Board of Governors for the Center for Ethics and Corporate Responsibility at Georgia State University. He is co-chairman of the major gifts campaign at the new Cobb Energy Performing Arts Centre, and is a member of its Foundation Board. Ward served on the Executive Committee and the International Committee for the Metro Atlanta Chamber of Commerce. He was also chairman of the Ivan Allen Society Campaign for the United Way of Metropolitan Atlanta. In 2004, he was one of 10 national business leaders recognized by the Diversity Best Practices and Business Women’s Network for his outstanding commitment to diversity.
A native of Longmeadow, Massachusetts, Ward earned his Bachelor of Science and MBA degrees from Cornell University. He is married with two grown daughters and two grandchildren.
