Matthew Rocco Appointed Grandbridge Atlanta Office Manager as Loan Production and Staff Move to New BB&T Atlantic Station Office Tower

Published On: 09.03.09

Rocco

ATLANTA — Grandbridge Real Estate Capital’s Atlanta production office is now under the management of long-time Senior Vice President Matthew Rocco. Mr. Rocco was instrumental in the founding of the company’s southwest Florida/Naples office under the Laureate Capital banner in 1998. Prior to joining Grandbridge, he was engaged in investment banking, bond issuance, underwriting and restructuring and real estate asset management. A graduate of the University of Alabama in Tuscaloosa, Ala., he is a licensed real estate broker, appraiser, ARM, member of the Mortgage Bankers Association, CCIM, NAIOP and on the Board of Governors of the Real Estate Investment Society.

“With the relocation of Matt to the Atlanta area, and his new responsibilities as the Atlanta Office Manager, which includes the management of the Atlanta production team, we’re positioning Grandbridge for growth in the Georgia market. This goes hand-in-hand with BB&T’s growth plans on the heels of the Colonial Bank acquisition in the Southeast,” explained Grandbridge CEO Thomas S. Dennard.

“I am looking forward to joining our successful production team already in place in Atlanta and I’m ready for us to explore the new and expanding opportunities within this region. In addition to my duties in Atlanta, I will continue to work with the Naples office where I previously served as Office Manager,” explained Mr. Rocco.

Senior Vice President, Dennis Edmiston, previously the Atlanta Office Manager, will continue his role as a senior producer for the company. The Atlanta Grandbridge staff, which includes the company’s Agency Underwriting department directed by Senior Vice President Jerry Johnson, recently moved into BB&T’s new Atlantic Station office tower at 271 17th Street. In addition to Grandbridge’s commercial real estate finance loan origination and agency underwriting teams, the 25-story, 530,000-square-foot building, anchored by the local and state corporate bank offices of BB&T Corporation, which includes the office of BB&T Regional and State Bank President Lars Anderson, and roughly 200 BB&T employees involved in the bank's business and governmental banking, commercial real estate, wealth management; leasing, capital markets and trust services.

“We felt that the move was vital to the growth of our Atlanta loan production team. Our new location enables Grandbridge to remain in close proximity to our banking partners at BB&T, and most important, it is convenient for our clients and investors,” explained Dennard.

Rocco - Building

“We are happy to be in our new offices on the seventh floor of BB&T’s Atlantic Station office tower, a first class building in an excellent location. Many of our lenders are actively looking for loans again and our new offices, designed to increase our efficiency in meeting the needs of both our investors and borrower clients, are open and ready for business. While recognizing that the industry will be dealing with excess capacity and reduced liquidity for the next few years, we are optimistic about the long-term prospects for commercial real estate in Atlanta and our region,” said Rocco.

Charlotte, N.C.-based Grandbridge, with a servicing portfolio in excess of $24.75 billion, is one of the nation's largest full-service commercial and multifamily mortgage banking firms. As a wholly owned subsidiary of BB&T, the company maintains 26 offices nationwide; arranging permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management and real estate brokerage services utilizing a broad investor base that includes insurance companies, pension fund advisors, commercial banks, and capital markets investors, as well as a proprietary lending platform. The company is also a Freddie Mac Program Plus® Seller/Servicer, a Fannie Mae DUS® (Delegated Underwriting and Servicing) lender and a MAP multifamily and LEAN healthcare approved FHA lender.