BRASELTON, GA. — Branch Properties, an Atlanta-based shopping center development firm, has acquired land in Braselton for the development of a Publix-anchored shopping center. Dubbed Braselton Village, the 70,987-square-foot retail center will be located at the intersection of Old Winder Highway and the newly constructed Braselton Village Parkway, about 50 miles northeast of Atlanta. Branch Properties expects to deliver the property, which will feature 22,600 square feet of inline retail space in addition to the Publix grocery store, in second-quarter 2025. In addition to Braselton Village, Branch Properties is also developing or recently delivered four other Publix-anchored centers in the Southeast: Triple Crown Shopping Center in Richwood, Ky.; One Nexton in Summerville, S.C.; Limestone Marketplace in Gainesville, Ga.; and the recently completed Summerhill Station in Atlanta.
MCDONOUGH, GA. — Stoic Equity Partners has purchased a 90,300-square-foot office and warehouse property located on McDonough Parkway in McDonough, a southern suburb of Atlanta. The Daphne, Ala.-based investor purchased the five-building property through an investment fund named SEP Industrial Holdings I LLC for $5.8 million. Nick Watson and Harrison Auerbach of Matthews Real Estate Investment Services represented the undisclosed, Georgia-based seller in the transaction. The flex property features loading docks, drive-in access, 18- to 20-foot clear heights and truck court space. The McDonough property is the second Atlanta-area investment for Stoic Equity Partners.
ALPHARETTA, GA. — IKEA plans to open a 4,306-square-foot store at Mansell Crossing, a shopping center located at 7681 North Point Parkway in the northern Atlanta suburb of Alpharetta. The landlord is New York-based Brixmor. The new store is among four small-format locations that IKEA announced in January, along with new stores in the greater Los Angeles area and Austin, Texas. Each store will allow customers to design and order home-furnishing solutions and products with help from IKEA experts, as well as pick up items once they’re shipped. The new Alpharetta store is set to open this summer. Other tenants at Mansell Crossing include REI, Five Below, TJ Maxx, DSW, Macy’s Furniture Gallery and Barnes & Noble. IKEA opened its prototypical store and warehouse location, which spans more than 366,000 square feet, in Atlanta’s Midtown area in 2005.
DAHLONEGA, GA. — Marcus & Millichap has negotiated the $4.4 million sale of Goldmine Village, a 28,000-square-foot retail center located in Dahlonega, about 65 miles north of Atlanta. Walmart shadow-anchors the property, which was fully occupied at the time of sale. Eric Abbott and Zach Taylor of Marcus & Millichap represented the buyer, an entity doing business as AGW Goldmine LLC, in the transaction. “This is a great long-term investment for our client,” says Abbott. “Dahlonega is a unique market in that it is directly in North Atlanta’s path of growth, but it’s tough to find inventory due to the limited retail space and barriers to entry posed by the topography.”
ATLANTA — BHI has provided a $50 million construction loan for The Dillon, an 18-story condominium tower underway at 2395 Peachtree St. NE in Atlanta’s Buckhead district. The borrower, an affiliate of The Kolter Group LLC, plans to deliver the property by January 2025. The loan is part of the development’s $133 million credit facility, which is overseen by BHI. The Dillon will offer for-sale residences configured in one-, two- and three-bedroom layouts ranging in size between 1,470 and 3,754 square feet. Amenities will include an amenity deck with a resort-style pool with cabanas and a spa, event lawn, pickleball court, dog park, clubroom with a catering kitchen, golf simulator, coworking spaces and a fitness center. In 2022, Kolter delivered The Graydon, a 45-unit condominium development located a quarter-mile from The Dillon.
ATLANTA — Centennial Yards Co., a development entity owned by Los Angeles-based CIM Group, has unveiled plans for the next phase of its $5 billion mixed-use destination in downtown Atlanta. Spanning eight acres adjacent to Mercedes-Benz Stadium and State Farm Arena, the new phase of Centennial Yards will create a mixed-use entertainment district spanning 480,000 square feet across four buildings, as well as a fan gathering area that the developer says will be heavily utilized during the games held in Atlanta during the 2026 FIFA World Cup. Designed by Gensler, the new phase will comprise a three-story, 70,000-square-foot building housing an unspecified “eatertainment” concept; a four-story, 160,000-square-foot building hosting a single-tenant entertainment venue; a two-story, 50,000-square-foot building with restaurants and shops; and a 14-story, 233-room hotel. Centennial Yards represents the transformation of the city’s Gulch district, a 50-acre site that has primarily served as subterranean parking for Atlanta Falcons games in years past. Including the new entertainment district, Centennial Yards at full build-out will span 8 million square feet of new and converted offices, apartments, hotels, shops, entertainment venues and restaurants, including Wild Leap Brewery. Centennial Yards Co. plans to deliver two-thirds of the overall development by summer 2026.
CARTERSVILLE AND BLOOMINGDALE, GA. — MDH Partners has signed two tenants to leases totaling nearly 1.5 million square feet combined at warehouses in Georgia. In Cartersville, the Atlanta-based landlord signed an unnamed solar panel manufacturer to an 843,000-square-foot lease at Busch Commerce Center. The 1.2 million-square-foot facility was completed last fall by MDH and CF Real Estate Investments. Nathan Anderson and Darren Butler of NAI Brannen Goddard represented MDH in the lease transaction. The company also signed a third-party logistics firm to a full-building lease at Beltway Logistics Center, a 655,000-square-foot facility in the Bloomingdale suburb of Savannah. Butler also represented the landlord in this lease deal.
CUMMING, GA. — Kamstrup Water Metering LLC, a global supplier of water meter equipment and services, has opened its new regional headquarters and manufacturing facility in Cumming. The 150,000-square-foot facility is located within Forsyth Commerce Center, a 94-acre business park roughly 40 miles northeast of Atlanta. The Danish company, which has employees in over 20 countries, began operating in the United States in 2013. The company supports water utilities with ultrasonic metering solutions, network communications and software applications. Kamstrup considered 13 other Southeastern cities before selecting Cumming. Joey Kline of JLL worked with Kamstrup on site selection and lease negotiations, which includes securing a 15-year lease with landlord McDonald Development.
ATLANTA — Balfour Beatty has completed construction of 560 Edgewood, the adaptive reuse of a historic Coca-Cola bottling plant in Atlanta. Charlotte-based Asana Partners is the owner of the 60,000-square-foot building, which is situated along the Atlanta BeltLine’s Eastside Trail and adjacent to Krog Street Market, a popular food hall also owned by Asana Partners. Balfour Beatty was the construction manager of the redevelopment, which converted the 1915-built factory into a mixed-use project with a new rooftop amenity, 104-space parking deck, restored windows and a revamped brick façade. Locally based ASD|SKY was the architect for the redevelopment. Asana Partners has tapped Molly Morgan and Allie Spangler of JLL to handle retail leasing at 560 Edgewood. Bennett Gottlieb with Capital Real Estate Group is handling service and office space leasing.
ATLANTA — Vision Properties has secured refinancing for Wildwood Center, a 692,707-square-foot office building located in northwest Atlanta’s Cumberland-Galleria office submarket. The property features flexible floor plates across 11 stories, and the ownership has implemented improvements including the addition of a new tenant lounge, conference center and atrium and outdoor seating areas. Amenities at the building also include a fitness center. Vision Properties is currently underway on the development of an additional 25,000 square feet of space on the property’s top floor, which is scheduled for delivery this year. David Horne, Glenn Aspinwall and Alexis Easterling of JLL handle leasing at the building, which has recently seen 262,680 square feet of lease transactions in the form of both new leases and renewals. The loan amount and further details of the refinancing were not disclosed.