GERMAN INVESTOR FOCUS ON SECONDARY METRO OFFICE MARKET

German capital works its way into secondary metro office market as foreign institutional investors continue to be put under pressure of buying highend real estate in Washington, Manhattan, Chicago or Boston. Germania of America Inc., based in Atlanta, announced that they have acquired half interest in the 143,000 SF, ten-story, 6060 J.A. Jones Drive office building from Queens Properties for an undisclosed amount.  The same investment group had previously bought a partial interest in Queens' 106,000 SF Morehead Place building at 521 E. Morehead St., the 100,000 SF 6135 Park South Drive building, and the most recent developed three story, 54,000 SF, 6115 Park South Drive building.  Germania' principals, Helmut K. Werner and Andreas M. Rathke have expressed confidence in the Charlotte and the SouthPark market as well as in Queens' roll as partner and manager.