Georgia

Slate Asset Management Agrees to Acquire Sun Belt Multifamily Portfolio for $226.5M

by John Nelson July 8, 2025

CHICAGO — Chicago-based Slate Asset Management has agreed to acquire a six-property multifamily portfolio in the Sun Belt region for $226.5 million. The seller is ZMR Capital, a value-add multifamily investment firm based in Tampa. The garden-style properties total approximately 1,600 units and are located in the metropolitan areas of Tampa, Atlanta and Phoenix. The names of the properties were not released. King & Spalding advised Slate on this transaction, which is expected to close at the end of July.

July 8, 2025

Acquisitions Georgia Multifamily Southeast

Sherman Residential Acquires 233-Unit Skye Suwanee Town Center Apartments in Metro Atlanta

by John Nelson July 7, 2025

SUWANEE, GA. — Illinois-based Sherman Residential has acquired Skye Suwanee Town Center, a 233-unit apartment community in the northeast Atlanta suburb of Suwanee in Gwinnett County. The seller and sales price were not disclosed. Built in 2020, Skye Suwanee Town Center offers studio, one-, two- and three-bedroom apartments. Amenities include a 24/7 wine cellar, two-story fitness center and a rooftop terrace with a retrofitted Airstream lounge. The property also features retail space on the ground level leased to Thrive Coworking and Warm Waves, a coffee shop. Skye Suwanee Town Center is located at 500 Buford Highway, about one north of the city’s town square and about a quarter-mile south of Suwanee Town Center, a mixed-use district anchored by the 10-acre Town Center Park.

July 7, 2025

Acquisitions Georgia Retail Southeast

Matthews Real Estate Negotiates Sale of Kroger-Anchored Shopping Center in Canton, Georgia

by John Nelson July 7, 2025

CANTON, GA. — Matthews Real Estate Investment Services has negotiated the sale of Woodmont Village, an 85,639-square-foot shopping center located in Canton, approximately 40 miles north of Atlanta. Kroger anchors the center, which was 75 percent leased at the time of sale. Other tenants at the property include The UPS Store, Anytime Fitness, Pizza Hut, Ace Hardware, Advance Auto Parts, Fabricare Cleaners and Las Palmas Mexican restaurant. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews brokered the transaction. The buyer, Aubuchon Realty Co., purchased Woodmont Village for an undisclosed price. The seller was also not released.

July 7, 2025

Acquisitions Georgia Industrial Southeast

JLL Negotiates Sale of 1 MSF Distribution Center in Rincon, Georgia Leased to NFI

by John Nelson July 3, 2025

RINCON, GA. — JLL has negotiated the sale of NFI Distribution Center Savannah, a 1 million-square-foot distribution facility located at 1200 Logistics Parkway in Rincon. The distribution center is fully leased to National Distribution Centers LLC, a major subsidiary of New Jersey-based supply chains solutions provider NFI Industries. Britton Burdette, John Huguenard, Dennis Mitchell, Jim Freeman and Maggie Dominguez of JLL represented the seller, a joint venture between Becknell Industrial and Goldman Sachs Alternatives, in the transaction. Stockbridge purchased the Class A facility for an undisclosed price. Situated within Old Augusta Commerce Center, the cross-dock property is situated 10.7 miles from the Port of Savannah’s Garden City Terminal and within five miles of I-95. The property was completed in 2022 and features 40-foot clear heights, 190-foot truck courts, 270 trailer parking spaces (expandable to 307) and 102 dock levelers.

July 3, 2025

Acquisitions Florida Georgia Industrial Southeast

Mapletree Sells 1.8 MSF Industrial Portfolio to Faropoint for $328M

by John Nelson July 2, 2025

SINGAPORE AND NEW YORK CITY — Mapletree Investments Pte Ltd., a global real estate investment and management firm based in Singapore, has sold a 1.8 million-square-foot industrial portfolio to New York City-based Faropoint for $328 million. The transaction represents Faropoint’s largest acquisition to date and Mapletree’s first major U.S. warehouse disposition. The portfolio, which Mapletree held under a closed-end private fund launched in 2019, comprises 30 shallow-bay warehouse buildings spread across Florida (14), Georgia (7), New Jersey (5), Texas (3) and Pennsylvania (1). John Huguenard and Trent Agnew of JLL represented Mapletree in the transaction. Mapletree has owned and managed more than 70 million square feet of industrial assets in the United States since entering the country in 2014.

July 2, 2025

Development Georgia Industrial Southeast

Seefried Industrial to Develop 1.6 MSF Distribution Facility in Hogansville, Georgia for Amazon

by John Nelson July 2, 2025

HOGANSVILLE, GA. — Atlanta-based Seefried Industrial Properties plans to develop a 1.6 million-square-foot “sortation” center in Hogansville, roughly 55 miles southwest of Atlanta in Troup County, for e-commerce giant Amazon. KBC Advisors represented Seefried in the land purchase. Set to open in 2027, the facility will serve as Amazon’s third sortation center in Georgia. The property will be located along Ga. Highway 54/East Main Street near Bass Cross Road and I-85. Amazon employees will sort orders by final destination and consolidate them onto trucks for delivery. Employees will also work alongside robotics and other innovative technology in the process. The design-build team includes general contractor The Conlan Co., architect AECOM and civil engineer Eberly & Associates.

July 2, 2025

Acquisitions Georgia Multifamily Southeast

Blackfin Purchases Sage Creek Apartments in Augusta, Georgia for $17.3M

by John Nelson June 25, 2025

AUGUSTA, GA. — Blackfin Real Estate Investors LLC, a multifamily investment firm based in Arlington, Va., has purchased Sage Creek Apartments, a 120-unit garden-style community located at 1315 Marks Church Road in Augusta. The seller, an investment group led by JJM Realty Partners LLC, sold the property for $17.3 million. Mike Riley and Ian Shaw of Berkadia represented the seller in the transaction. Patrick McGlohn, Brian Gould, Ted Hermes, Miles Drinkwalter and Natalie Hershey of Berkadia arranged an undisclosed amount of acquisition financing for Blackfin. Built in 2016, Sage Creek represents Blackfin’s first acquisition in Georgia. The property offers one- and two-bedroom apartments ranging in size from 812 to 1,076 square feet, according to Apartments.com. Amenities include a pool, fitness center, laundry facilities, onsite maintenance, bike storage, pet play area and a dog park.

June 25, 2025

Development Georgia Industrial Southeast

Dermody Launches 10 MSF Port Wentworth Commerce Center Project Near Port of Savannah

by Abby Cox June 23, 2025

PORT WENTWORTH, GA. — Industrial real estate firm Dermody Properties has launched Port Wentworth Commerce Center, a 10 million-square-foot master-planned logistics project located roughly seven miles from the Port of Savannah and one mile from I-95. The development will be supported by a 2.5-mile road system currently under construction, where utilities such as water, sewer, power, gas and fiber optics will be installed. Situated within a designated Foreign Trade Zone (FTZ), Port Wentworth Commerce Center allows tenants to defer, reduce or eliminate tariffs on imported goods. The campus will also have onsite CSX rail service. The project is expected to be the largest near-port logistics development to begin construction in the Southeastern United States in 2025 and will serve as the premier port-centric logistics park on the Eastern Seaboard, according to company representatives. Dermody has selected Bill Sparks and Preston Andrews of CBRE to handle leasing at Port Wentworth Commerce Center. Dermody currently has four projects under construction in the Southeast region and more than 1.5 million square feet available for lease.

June 23, 2025

Affordable Housing Development Georgia Multifamily Southeast

Partnership Opens Phase I, Begins Phase II of Affordable Housing Development in Decatur, Georgia

by John Nelson June 19, 2025

DECATUR, GA. — A partnership between Decatur Housing and Preserving Affordable Housing Inc. (PAHI) has officially opened Phase I of Village at Legacy, an affordable housing development in the east Atlanta suburb of Decatur. The partnership also officially broke ground on Phase II. Leasing and move-in activity at Phase I of Village at Legacy is expected to begin in August, with construction on Phase II targeted for completion in spring 2026. Village at Legacy is situated on six acres within Legacy Park, a 77-acre site that once housed the United Methodist Children’s Home. The project represents the first ground-up affordable housing development in Decatur in decades. Phase I is a $27.9 million apartment community comprising 66 units, 40 of which Decatur Housing is supporting with project-based vouchers under its new Housing Assistance Payments (HAP) contract with HUD. The $21.5 million second phase will also comprise 66 units, 20 of which will have project-based vouchers. Decatur Housing was awarded Low Income Housing Tax Credits (LIHTC) by the Georgia Department of Community Affairs to support both phases of Village at Legacy. The City of Decatur and the Decatur Housing Authority are providing additional capital. Other capital partners include Hudson Housing Capital, Advantage …

June 19, 2025

Acquisitions Development Georgia Hospitality Southeast

DoveHill Invests in Redevelopment of Historic Boutique Hotel in Savannah

by John Nelson June 18, 2025

SAVANNAH, GA. — Fort Lauderdale, Fla.-based DoveHIll has placed a preferred equity investment for the redevelopment of a boutique hotel in Savannah’s Historic District. The project will deliver The Sabal House, a 64-room luxury hotel, in place of the former President’s Quarter Inn. The hotel is located on Oglethorpe Square and directly across from the Owens-Thomas House. In addition to upgraded and brand new hotel rooms, The Sabal House will feature Oak Steakhouse, a restaurant concept by Indigo Road Hospitality Group. Terms of DoveHill’s investment were not released. The hotel’s management firm, TPG Hotels & Resorts, says the development team includes Procaccianti Cos., Kim King Associates and Ross Hotel Partners.

June 18, 2025

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