Georgia

CCI Real Estate Obtains $67M in Construction Financing for Mixed-Use Community at University of Georgia

by Abby Cox July 18, 2025

ATHENS, GA. — CCI Real Estate has obtained $67 million in construction financing for the redevelopment of the Baptist Collegiate Ministries (BCM) building at the University of Georgia (UGA) in Athens. Affinius Capital provided financing for the mixed-use redevelopment project. New South Construction will serve as the general contractor on the project, which is slated for completion by June 2027. Dubbed 290 Lumpkin, the eight-story development will serve as the new location for UGA BCM and will offer 240 residential units that will feature one- and two-bedroom apartments. Amenities will include a 356-space parking deck, rooftop deck, student lounge, offices and new ministry spaces that can accommodate more than 500 people. Additionally, the ground floor will include retail space, a coffeehouse and a fitness center. Originally housed at 450 S. Lumpkin St., BCM has been active on UGA’s campus since 1961. CCI is also redeveloping the BCMs at the Georgia Institute of Technology in Atlanta, as well as Georgia Southern University in Statesboro, Ga.

July 18, 2025

Acquisitions Georgia Industrial Loans Southeast

Lightstone Capital Provides $8.5M Acquisition Loan for Industrial Property in Southwest Atlanta

by Abby Cox July 18, 2025

ATLANTA — Lightstone Capital has provided an $8.5 million loan for the acquisition and lease-up of a 207,000-square-foot light manufacturing building located at 3200 Lakewood Ave. SW in Atlanta. Green Dock Partners was the borrower. Situated near Hartsfield-Jackson Atlanta International Airport on a 7.2-acre site, the single-story facility features 29-foot clear heights and multiple dock-high doors.

July 18, 2025

Georgia Leasing Activity Office Southeast Top Stories

Rivian Selects Atlanta for New East Coast Headquarters, Plans 500 Jobs Near the BeltLine

by Kristin Harlow July 18, 2025

ATLANTA — Electric vehicle (EV) manufacturer Rivian has selected Atlanta for its new East Coast headquarters. Rivian will occupy the top floor and lobby of Portman Holdings’ Junction Krog Street office building, which is located at 667 Auburn Ave. NE along the Atlanta BeltLine’s Eastside Trail. The office, which will span approximately 45,000 square feet, is expected to open in late 2025 and will house roughly 500 employees upon full build-out. Portman delivered Junction Krog Street in fall 2023. Situated near the popular Krog Street Market food hall in the city’s Inman Park neighborhood, the mixed-use building features 135,000 square feet of creative office space, a rooftop deck, outdoor balconies on every level and ground-level retail space housing eateries Yuji, Brash Coffee and YEPPA&co. The headquarters will operate within a short drive to Rivian’s new $5 billion EV production facility situated within the 1,600-acre master-planned community of Stanton Springs North near Social Circle, Ga. Construction of the 7,500-person manufacturing plant is expected to begin in 2026. Rivian received financing from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing Loan Program for the manufacturing facility, which will build the R2, a midsize SUV, and the R3, a midsize crossover. The …

July 18, 2025

Acquisitions Georgia Office Southeast

Third & Urban Acquires Georgia 400 Center Office Campus in Alpharetta Totaling 430,046 SF

by John Nelson July 15, 2025

ALPHARETTA, GA. — Third & Urban has acquired Georgia 400 Center, a three-building office campus in Alpharetta, a northern suburb of Atlanta. The 430,046-square-foot office park is situated on 24 acres at the interchange of Ga. Highway 400 and Haynes Bridge Road. The seller and sales price were not disclosed. Jay O’Meara, Ryan Reethoff and Justin Parsonnet at Newmark represented the seller in the transaction. Third & Urban purchased the office campus in partnership with Zalik Investment Group. The new ownership is retaining Stephen Clifton, Zach Wooten and Payton Maxheimer of Cushman & Wakefield as the property’s leasing team. The locally based buyer, which is known as a developer of infill mixed-use destinations, plans to modernize the office campus with value-add improvements, including new roofs, lobby renovations and an elevated amenity lounge with a bar, conference center and recreational games. Georgia 400 Center was 67 percent leased at the time of sale to tenants including Morgan Stanley, Century Communities of Georgia and Toll Brothers. Trinity Partners will manage the office campus on behalf of the new ownership.

July 15, 2025

Acquisitions Georgia Retail Southeast

Legacy Realty Arranges Sale of 174,459 SF Shopping Center in Columbus, Georgia

by John Nelson July 15, 2025

COLUMBUS, GA. — Legacy Realty Group has arranged the sale of Manchester Square, a 174,459-square-foot shopping center in Columbus. Situated at the intersection of Woodruff Farm and Milgen roads, Food Depot anchors the property. Other tenants include Ollie’s Bargain Hunt, O’Reilly Auto Parts, Planet Fitness, Subway, T-Mobile, H&R Block, Unlimited Wireless, Peluso’s Italian Restaurant and Rainbow Fashions. Built in 1988, the property sits on 22 acres. Jacob Baruch, Jonah Warshaw and Daniel Baruch of Legacy Realty Group Advisors represented both the buyer and seller, Arkansas-based CORE Equity Partners, in the transaction. The sales price was not disclosed.

July 15, 2025

Acquisitions Georgia Industrial Southeast

Triten Real Estate Acquires 151,200 SF Industrial Facility in Calhoun, Georgia

by Abby Cox July 14, 2025

CALHOUN, GA. — Triten Real Estate Partners has acquired a 151,200-square-foot industrial facility located at 103 Enterprise Drive SW in Calhoun. Positioned near I-75, the property offers transportation infrastructure, with proximity to the Georgia Ports Authority’s Appalachian Regional Port. This deal marks Triten’s first traditional industrial acquisition outside of Texas and in Atlanta, according to company representatives. The facility is fully leased through the end of the year. Austin Kriz of JLL represented Triten Real Estate in the transaction. The seller and sales price were not disclosed.

July 14, 2025

Acquisitions Georgia Southeast Student Housing

TSB Realty Arranges Sale of 543-Bed Student Housing Community Near Kennesaw State University in Georgia

by John Nelson July 10, 2025

MARIETTA, GA. — TSB Realty has arranged the sale of The Indy, a 543-bed student housing community located near the Kennesaw State University campus in Marietta. Heitman purchased the property on behalf of an institutional investor from a joint venture involving Vesper Holdings. Terms of the transaction were not released. Delivered in 2020, the community offers 172 units in a mix of one-, two-, three- and four-bedroom configurations. Shared amenities include a saltwater resort-style pool, 24-hour fitness center, clubhouse, cyber café and coffee bar, game room, indoor and outdoor rooftop lounge, putting greens and fire pits. The Indy was fully occupied at the time of sale.

July 10, 2025

Development Georgia Mixed-Use Southeast

Geosam Capital Receives Approval for 1,300-Acre Master-Planned Development in Metro Atlanta

by John Nelson July 9, 2025

HENRY COUNTY, GA. — Geosam Capital, a family-owned residential and commercial real estate development firm, has received final zoning and development agreement approval from the Henry County Board of Commissioners for The Grove. The nearly 1,300-acre master-planned community will feature more than 6,000 residential units and 2 million square feet of commercial and retail space, as well as 150 acres of greenspace, 35 pocket parks and eight miles of trails. Geosam Capital plans to build The Grove across multiple phases, beginning with road improvements from the Georgia Department of Transportation (GDOT), water and wastewater upgrades and the first residential lots. The construction timeline was not released. The development will be situated 22 miles from Hartsfield-Jackson Atlanta International Airport and near EchoPark Speedway.

July 9, 2025

Development Georgia Retail Southeast Top Stories

Trilith Development to Complete 530,000 SF Live Entertainment Complex in Fayetteville, Georgia

by Kristin Harlow July 9, 2025

FAYETTEVILLE, GA. — Trilith Development plans to soon complete Trilith Live, a 530,000-square-foot live entertainment complex at the Town at Trilith, a 235-acre master-planned community in Fayetteville within south metro Atlanta. Designed to host concerts, performing arts, rehearsals, live audience productions, conventions, corporate events and banquets, Trilith Live is scheduled to open to the public by the end of the year. The project will include a 2,200-seat theater, two 25,000-square-foot sound stages (now open), multiple insert stages, a luxury cinema, production suites, meeting rooms and more than 120,000 square feet of creative office and support space. “Trilith Live is designed to serve as a hub for creativity, production and live entertainment,” says Matt McClain, general manager and executive director of Trilith Live. “We are building the infrastructure to support everything from concerts to live TV tapings to conventions and meetings to community and arts events, all in one place.” Phase I, which includes live sound stages, production offices, greenrooms and broadcast-ready facilities, is complete and actively hosting artists, production companies and content creators. Several national acts preparing for their summer tours have completed pre-tour concert rehearsals at Trilith Live. Additionally, more than 200 live audience game show episodes that will …

July 9, 2025

Acquisitions Florida Georgia Multifamily Southeast

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

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