News and Noteworthy
by Damon Poirier
January 13, 2014 12:00 AM | 1446 views | 0 0 comments | 5 5 recommendations | email to a friend | print
Clark joins Decosimo
 
Decosimo, 2859 Paces Ferry Road Southeast in the Cumberland area, recently announced the addition of Elaine Clark to the firm's Health Care Services practice as a business development executive. Clark will work exclusively to develop new relationships and business opportunities, matching the needs of health care entities, their owners and their attorneys with Decosimo's industry-specific solutions including financial analysis, due diligence, valuation, transaction support, litigation support, audit and tax.
 
She comes to Decosimo with health care industry experience, working for more than seven years with Pfizer, Inc. as a health care representative covering the state of Tennessee. She also brings with her established business relationships with long-term care facilities and hospitals, as well as private practice physicians and their office management teams.
 
Clark is a member of the Tennessee, Georgia and Alabama chapters of HFMA and participates as a corporate member with the Nashville Health Care Council. She is a graduate of Vanderbilt University where she earned a Bachelor of Science degree with concentrations in Human and Organizational Development and Corporate Strategy. She is also involved with Vanderbilt University volunteering as an alumni interviewer with the admissions office and is a board member for the Junior League of Chattanooga.
 
Decosimo's Health Care practice works with hospitals, health systems, niche health care companies, long term care entities and physician practice groups.
 
Founded in 1971, Decosimo is a nationally recognized firm perennially ranked as a Top 100 accounting and business advisory services firm.
 
Moore Colson hires tax manager
 
Moore Colson, 1640 Powers Ferry Road in Marietta, announced the hiring of Patricia Benjamin, CPA, as a manager in the firm's tax practice.
 
She joins Moore Colson after working with McGladery LLC in Atlanta for almost two years. She also worked in their Kansas City office for seven years prior to moving to Atlanta, where she managed a staff of 10. 
 
While working for McGladery LLC, she focused on compliance and consulting with federal and state tax issues related to closely held businesses and individual owners, ranging in size from $50 million to $500 million. 
 
While working in McGladery's Atlanta office, she grew the tax practice from a staff of one to a team of five and established the Southeast domestic production activities deduction specialty practice, which generated out-of-scope revenue for the firm and resulted in millions of dollars in tax savings for clients. She was also instrumental in bringing tax planning ideas to clients, including specialty areas such as cost segregation and R&D.
 
She is a graduate of Indiana University South Bend, with a Bachelor of Science in business and accounting.
 
Envoy Mortgage opens Kennesaw branch
 
Envoy Mortgage, a full-service mortgage banking firm operating retail branch locations across the United States, and originating mortgage loans in more than 47 states, recently launched their new branch in Kennesaw. The office will serve the expanding residential real estate footprint in the Atlanta metropolitan area and surrounding regions. 
 
"Our new Cobb County office located in Kennesaw is a prime location for us. Cobb County is one of our primary areas targeted for growth. This is a one of the best times to be in this area because the real estate market is really picking up," said Dusty Hill, Envoy's Area Manager in Atlanta. "Primarily, the residential market is booming with a lot of new construction in single-family homes and a much stronger resale market. It's an exciting time to be in the Cobb County market and to be a part of that growth," he said.
 
"The strength of Envoy, coupled with its many capabilities - especially its core focus on technology to create positive experiences for buyers, and tremendous efficiencies - will help us do what we do best in this market," Hill said.
 
Envoy will be adding loan officers and a sales manager in the new Kennesaw location. Hill will be opening even more branches in the near future as business expands.
 
Tin Drum Asiacafe opens first Cobb County unit
 
Fresh casual cuisine is in high demand as demonstrated by Tin Drum Asiacafe's newest franchised opening in Marietta, Georgia in the Barrett Creek Plaza shopping center. The 1800-square-foot unit is the first in Cobb County. The unit will be operated by franchisee Hamad Mazhir, who already owns the downtown Atlanta - Georgia State University Tin Drum. 
 
Barrett Creek Plaza, which was recently sold to a Miami-based private investor for $7.8 million, is at 125 Ernest Barrett Parkway across from Super Wal-Mart and Publix-anchored centers as well in close proximity to the 1.2 million-square-foot Town Center at Cobb Mall which features Belk, JCPenney, Macy's and Sears.
 
"Cobb County needed a Tin Drum," said Mazhir. "The success this franchise has seen across the Southeast, but especially in Georgia, is all the confirmation we needed to pursue this newest location. We are looking forward to introducing the area to fresh, authentic Pan Asian cuisine in laid back, fast casual environment."
 
Tin Drum Asiacafe was recently named one of QSR Magazine's 2013 Best Franchise Deals - touted as a "Hungry Upstart" with unique street-inspired Pan Asian cuisine, energetic atmosphere and self-ordering kiosks. Redefining traditional fast casual, Tin Drum offers bold flavor profiles, high-quality ingredients and a new level of customization.

Resurgens receives Sam Olens award
 
Resurgens Charitable Foundation received a 2013 Top 20 Sam Olens Business Community Service Award Dec. 2 at the Cobb Galleria Centre for its service to the community. The annual honor, presented by Georgia Trend magazine and the Cobb Chamber, recognizes deserving member businesses for service to the community through support for nonprofit organizations.
 
To be considered for the award, an organization must be nominated by a nonprofit. Resurgens Charitable Foundation was nominated by The Georgia Ballet, who is a frequent recipient of funds from the foundation for their DanceAbility program.
 
Resurgens Orthopaedics has five locations in Cobb County.
 
Local company to refurbish I-75 bridge
 
The Georgia Department of Transportation announced Comanche Construction Inc. of Marietta will refurbish the Interstate 75 bridge structure above Cedar Creek Road in Bartow County for $2.8 million. Included in the project is the installation of a new pavement surface on the bridge deck. The project is scheduled to be completed by September. 
 
State Bank declares dividend
 
The Board of Directors of State Bank Financial Corporation, the holding company for State Bank and Trust Company, which has a Cobb County location, declared Nov. 20 a quarterly dividend of three cents per common share. The dividend was paid Dec. 17 to the common stock shareholders of record as of Dec. 9. State Bank and Trust Company's Cobb is at 250 Church St. Northeast in Marietta.
 
Brooks Chadwick acquires land
 
Brooks Chadwick Capital announced it has acquired the land that comprises phase three of the community known as Old Ivy in east Cobb. Old Ivy is a private gated community that consists of 58 acres of land off of Childers Road on Rock Ivy Trail in the north eastern part of Cobb County. 
 
Brooks Chadwick received approval for a site plan amendment for a planned residential development and closed on the property in October. When completely built out, the community will have a total of 16 lots. The lot prices start at $500,000 and will range from two acres to four acres.
 
Students in the community will attend Tritt Elementary, Hightower Middle and Pope High schools.
 
Brooks Chadwick is a privately-owned real estate investment company founded in 2008 to acquire residential lots and develop raw land in premium locations. 
 
Essex Bargain Hunt Superstore opens
 
Essex Bargain Hunt announced it has opened its first Bargain Hunt Superstore at 1200 Ernest Barrett Parkway in Kennesaw next to Floor & Decor. The store, which is the third location to open in Georgia in the last 18 months, officially opened its doors Nov. 5.
 
Essex Bargain Hunt is a Nashville-based chain of retail stores that acquires electronics, clothing, household goods, HDTVs, toys and other merchandise through liquidation sales and asset recovery, then sells the goods at a deep discount.
 
The warehouse clearance center concept store features name brand manufacturer closeouts, overstock and discontinued items, floor model samples and factory direct volume purchased merchandise.
 
Bargain Hunt also offers an automatic markdown system. Once a product has been in the store for 30 days, it starts marking down 10 percent every 10 days until it is 90 percent off.
 
The company currently has 22 locations spread across six states including Georgia, Tennessee, Kentucky, Mississippi, Indiana and Alabama.
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