Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-07
Peachtree Lease
Made at $4,000
Drug Company Takes Peck Corner
Eight Years-important
Meeting Monday.


Peachtree Street, being the Peach
tree and Houston Streets corners Of
the Cruickshank Building, formerly
known as the Peck Building The
floor space is about $500 square feet,
This entire property was leased
some tine ago from the Peck estate
through B. NJ. Grant & Company to
the Cruickshank Cigar Company. The
Cruickshank Cigar Company has now
leased to the James Drug Company
the store at 141 Peachtree for a term
OF approximately eight years at a
total consideration of about $50. 900.
or more than $4,000 a year. The
Cruickshank Company has also dis
posed of its soda water business to
the drug concern.
The James Drug Company has in
stalled one Of the handsomest sets Of
fixtures in tlanta and will do a gen
eral drug, soda water and prescrip-
ton business. When the Cruickshank
Cigar Company has taken out the
soda fountain they will install one Of
the largest and most expensive hui
midors in the South. Mr.. Cruick
shank states that in this additional
space he will increase his cigar IA
cilities.
B. NJ Grant & Company have also
leased for Mr. Cruickshank the en-
tire second floor and most of the third
floor 10 Veltrie & Harmon, for a
term Of about eight years. Thelessees
win conduct a mems tailoring estab.
lishment.
Important Realty Meeting.
A meeting Of the utmost importance
real man OffiCa hnildinR
managers and property owners gem
orally viii be held Monday at noon IN
the Chamber of Commerce rooms on
the fifth floor of the Empire Building.
At this time the question Of the pend
ing income tax measure OF the Federal
tariff bill will be thoroughly discussed,
and It is belieevd that a formal pro-
test against some items of the meas
ure will be lodged with United states
Senators A. o. Bacon and Hoke
Smith.
The bill has passed the House and
is now up to the Senate. A provision
which realty men and building man
ayers find obnoxious is that which
provides that tenants shall withhold
rents from landlords. The bill, II is
contended, represents double taxation.
Expenses will be taxed as well as In
come, and corporations doing business
ut a loss will be taxed on their losses.
Charles P. Glover has sent out no
tices Of the meeting in the name OF
the Atlanta Real Estate Board, and II
is expected that a large number OF
people will be present.
Leases by Cochran Company.
The Ralph o. Cochran Company has
rented OF leased the following places
within the past few days:
For Mrs. A. H. Perkins to K. J.
ct HunfaF Street.
for Mrs. A, NJ Campbell to T. NJ.
Middlebrooks, 290 Ormond Street; for
Mrs. z. NJ. Holman to d. W. Hilley
Al Oglethorpe Avenue; for L. H. Eur
line to NJ. w. Cole, % Rogers Street;
for Dillin- Morris Company to r. j.
Meckle. 23S Lake Avenue; for Jacob
Auerbach to ]. J. Slappy, 295 Windsor
Street; for c. P. Murphey to Mrs, NJ.
z. Spruill, is Wellington Street; for
Mrs M .. Trippe to Walter Cone, 81
Mills Street: for NJ. Leiverson to ].
A. Finch. 324 Houston Street and for
w. D, Palmer to Mrs. W. c. Smith,
"a Cooper Street.
Realty Business Good.
The past few days in the real estate
market have instilled a great deal OF
confidence in local land dealers. Pros
poets for good crops, easier money
and general confidence have had their
effect.
A few expressions are typical Of the
prevailing sentiment.
Business is picking up" declared
Ralph o. Cochran, head Of the f1rm
that bears his name.
I'VE expect an unusually good sum-
mer," asserted Charles p. Glover, head
of the Atlanta RealsEstate Board ana
the Glover Realty Company.
Thursday We had more inquiries
for property than we have had In
long time. People believe crops are
going to be good" was the comment
of ]. H. Ewing, of the Smith & Ewing
agency.
Things look better TO me-" said
Milton H. Lehman. Of the A. F. Lleb-
man Company.
q can't see anything but good times
ahead" declared Lowry Porter OF
Porter & Swift.
''The man who's not selling real
estate is not working up to capacity.
was the comment of T. G. Holmes. OF
the Holmes & Luckie Realty Com
pany. We have no cause to COM
Edwin P. Ansley, Shelby Smith,
Forrest Adair, 5. B. thurman. B. NJ
Grant, George P. Moore, L. P. Bot
tenfeld, John D. Babbage. NJ. c. Kiser
Harris G. White. William A. Vernoy
and others Joined in the general
chorus.
Mr.. Gamblers Purchase.
Considerable interest was manifest
ed Friday in local realty circles over
the purchase by Asa G. Gambler Of
tract IN Chicago for the erection OF
ten-story building at a cost OF $780,
600. Mr.. Gambler now has holdings in
Chicago. Washington and New YORK.
as well as in Atlanta and other cities
where his soft drink business assumes
large proportions.
The price paid for the p IL BY l45
foot parcel was $4,000, or Sl,254 4
front foot. about the price that would
he Maid in Atlanta at Peachtree and
Currier or Poplar and Luckle. The
tract adjoins property already owned
b. Mr.. Gambler. which gives him a
combined frontage Of ia l-3 feet.
West Peachtree Houses.
Three new bungalows are oelng
built in West Peachtree Park. which
Corresponds to Thirteenth Street and
IS lust to the east Of West Peachtree
Street. The houses face north and
are an attractive addition to neigh
borhood composed Of medium sized
but very artistic dwellings.
Ten years ago West Peachtree was
virtually a wilderness with only an
occe sional house north Of Sixth Street,
hut to-day II is almost soltdly built
= a1nr1 ffE anrirH extent