Tuesday, October 14, 2025
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Harrison Street, Morningstar Properties Acquire 21-Property Self-Storage Portfolio

by Abby Cox

CHICAGO AND MATTHEWS, N.C. — A joint venture between Chicago-based Harrison Street Asset Management and Matthews-based Morningstar Properties has acquired a portfolio of 21 self-storage properties totaling morning than 10,800 units. The properties are located in Texas, North Carolina, South Carolina, Florida, Georgia, Virginia and Arkansas, with 71 percent of the assets situated in top 30 U.S. metropolitan areas such as Houston, Austin, Charlotte and Atlanta. The portfolio was 90 percent leased at the time of sale and spans more than 1.3 million rentable square feet. Morningstar will continue operating and managing the portfolio. The seller was not disclosed. Harrison Street and Morningstar previously completed 41 self-storage investments across five Sun Belt states.

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DevelopmentGeorgiaHospitalitySoutheastTop Stories

Convention Center Authorities, Hilton Break Ground on $398M Signia by Hilton Savannah Hotel

by John Nelson

SAVANNAH, GA. — The Savannah-Georgia Convention Center Authority and global hotelier Hilton (NYSE: HLT) have broken ground on Signia by Hilton Savannah, a 444-room hotel situated adjacent to the Savannah Convention Center. The $398 million hotel project is expected to debut in mid-2028 and serve as the headquarters hotel of the 666,000-square-foot convention center, which underwent a $276 million expansion project that wrapped up in February. The Atlanta-Journal Constitution reports that the hotel project was “15 years and three false starts” in the making. The riverfront hotel will sit on Hutchinson Island across the Savannah River from the city’s historic district. The AJC also reports that the 403-room Westin Savannah Harbor is currently the only hotel within walking distance of the convention center. The Savannah-Georgia Convention Center Authority owns the hotel and is developing the project in partnership with the Georgia World Congress Center Authority, an Atlanta-based entity that also manages the Savannah Convention Center. The Georgia World Congress Center Authority recently collaborated with Hilton on the development of Signia by Hilton Atlanta, a 976-room hotel tower situated near the convention center, as well as State Farm Arena and Mercedes-Benz Stadium in downtown Atlanta. “Signia by Hilton Savannah’s signing and groundbreaking represents …

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Company NewsGeorgiaSoutheast

Colliers Savannah Office Expands Team With Four New Hires

by John Nelson

SAVANNAH, GA. — Colliers’ Savannah office has hired four new professionals: Craig White as director of property management, Ryan Bergman as brokerage associate, Matt Reynolds as research analyst and Sarah Cunningham as marketing coordinator. White will direct Colliers’ property management division, which now oversees 16.2 million square feet space across the region. He has over 30 years of property management experience. Bergman will help expand Colliers’ brokerage team; Reynolds will expand the research team, providing market analytics, quarterly reporting and custom client insights; and Cunningham will provide support across a range of initiatives, including property listings, social media, email campaigns and project coordination. “As the Savannah market continues to evolve, we are committed to staying ahead of our clients’ needs,” says Hilary Shipley, principal at Colliers’ Savannah office. “With these strategic additions, we’re not only expanding our capabilities but also reinforcing our position as the market leader in commercial real estate services.”

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AcquisitionsGeorgiaMixed-UseRestaurantRetailSoutheast

Report: 26th Street Partners Acquires Krog Street Market, Adjacent Properties in Atlanta

by John Nelson

ATLANTA — Locally based 26th Street Partners has acquired Krog Street Market, a 30,000-square-foot adaptive reuse food hall and market in Atlanta’s Inman Park district, according to the Atlanta Business Chronicle. Charlotte-based Asana Partners sold the property, along with the adjacent Atlanta Stove Works, SPX Alley and Butler and Gravel buildings. The sales price was not reported, but Asana purchased the Krog District buildings in 2018 for $45.8 million. Paces Properties originally redeveloped the 1920s-era warehouse that was also formerly used as the home of Tyler Perry Studios into Krog Street Market in 2014. The property’s tenant roster includes Hop City, Fred’s Meat & Bread, Jeni’s Splendid Ice Creams, Superica, Ticonderoga Club, The Collective and The Merchant. Additionally, Patagonia has a large store at Krog District and Yeti will soon open a shop at the property, according to the Chronicle.

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DevelopmentGeorgiaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Shake Shack to Join Tenant Mix at $5B Centennial Yards Project in Downtown Atlanta

by John Nelson

ATLANTA — Burger chain Shake Shack has signed a long-term lease for a new 3,010-square-foot restaurant at Centennial Yards, a $5 billion mixed-use development underway in downtown Atlanta. CIM Group and affiliate Centennial Yards Co. are transforming the 50-acre site that was locally known as the Gulch into a high-end entertainment and hospitality destination near Mercedes-Benz Stadium (home of the Atlanta Falcons and Atlanta United) and State Farm Arena (home of the Atlanta Hawks). The restaurant will be Shake Shack’s first location in downtown Atlanta and is expected to open next year. Other previously announced tenants joining Centennial Yards include a 5,300-square-foot Live Nation entertainment venue and Cosm, an immersive experiential sports and entertainment operator. Other food-and-beverage options include the Wild Leap brewery and Khao Thai Isan, a Thai tapas concept within The Mitchell residential tower. Shake Shack has previously announced plans to open a restaurant in another sports and entertainment district in Atlanta: The Battery, where it will backfill Wahlburger’s.

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Build-to-RentDevelopmentGeorgiaMixed-UseMultifamilySingle-Family RentalSoutheast

Mallory & Evans to Develop $95M Mixed-Use Community in Athens, Georgia

by John Nelson

ATHENS, GA. — Atlanta-based Mallory & Evans has plans to develop The Shoals, a mixed-use development located near University of Georgia in Athens. The $95 million Phase I will feature 285 residences, 456 parking spaces (garage and street), green spaces and more than 20,000 square feet of retail and commercial space. Residences will come in studio to four-bedroom configurations in multiple formats — townhomes, duplexes, cottages, live/work units and single-family homes — and are expected to deliver in 2027. Phase I will span 22 acres of the 90-acre site, which will interface with the Athens Firefly & Greenway Trail system. Ultimately, The Shoals will feature more than 600 residences and commercial space across four connected pocket neighborhoods.

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AcquisitionsGeorgiaRetailSoutheast

Atlantic Capital Negotiates $38.9M Sale of Publix-Anchored Shopping Center in Savannah

by John Nelson

SAVANNAH, GA. — Atlantic Capital Partners has negotiated the $38.9 million sale of Twelve Oaks, a grocery-anchored shopping center located at 5500 Abercorn St. in Savannah. Publix has anchored the 104,915-square-foot center since 1992. Fred Victor of Atlantic Capital represented the buyer and seller in the transaction. Both parties requested anonymity. Twelve Oaks was 99 percent leased at the time of sale to tenants including Bonefish Grill, J. Parker Ltd., LensCrafters, Five Guys and Starbucks Coffee.

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GeorgiaRestaurantRetailSoutheast

Netherworld Haunted House Opens for 29th Season in Metro Atlanta

by John Nelson

STONE MOUNTAIN, GA. — Netherworld Haunted House has opened in Stone Mountain for its 29th season of operation. Situated at 1313 Netherworld Way on the outskirts of Stone Mountain Park, Netherworld comprises a rotation of haunted experiences, with this year’s themes including “Monster’s Attack” and “Oblivion: Return of the Mangler,” the latter of which features a “haunt within a haunt” called “Grendel’s Feast.” Beyond the self-guided haunted attractions, Netherworld features a carnival-style courtyard called Halloween Midway that features concessions, seating areas, a gift shop, interactive games, Halloween-themed décor and photo opportunities, as well as meet and greets with some of the park’s horror characters. Additionally, the park offers five year-round escape rooms and the House of Creeps Monster Museum, which displays props, artifacts and memorabilia used in horror and science fiction movies and TV shows. Netherworld first opened in 1997 off Jimmy Carter Boulevard before relocating to its 10-acre Stone Mountain complex in 2017.

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DevelopmentGeorgiaHospitalityMixed-UseRetailSoutheast

Selig Sells 45 Acres at LaGrange Mixed-Use Campus for Georgia’s First Professional Cricket Stadium

by John Nelson

LAGRANGE, GA. — Selig Enterprises has sold 45 acres at Sola, the Atlanta-based company’s 180-acre mixed-use campus in LaGrange. The buyer, the founders of DAS Cricket Academy and NJ Blackcaps in New Jersey, plan to develop Georgia’s first professional cricket stadium on the site. The LaGrange Cricket Stadium will be the first privately owned cricket stadium in the United States and the fourth cricket stadium in the country. The open-air stadium will break ground this fall and is slated to be completed in the first quarter of 2027. The project will have 10,500 seats, expandable to 25,000, and be designed to International Cricket Council regulations. The stadium will also have a FIFA-regulated soccer field and host various events. Additionally, a hotel with a sports-focused food-and-beverage program is planned on the 45-acre site, complementing the Marriott hotel currently under construction within Sola that Noble Investment Group is developing, as well as the Great Wolf Lodge resort that is situated on the northern end of the Sola campus. Selig plans to add offices, apartments, single-family homes and 150,000 square feet of retail at the Sola development in the near future.

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GeorgiaLeasing ActivityLife SciencesOfficeSoutheast

Shriners Children’s Signs Multi-Floor Lease at Science Square Labs in Midtown Atlanta

by John Nelson

ATLANTA — Shriners Children’s, a global pediatric healthcare system, has signed a multi-floor lease for research-and-development space at Science Square Labs, a 368,213-square-foot laboratory and office tower in Midtown Atlanta. The project, owned and developed by Trammell Crow Co., is part of Georgia Tech’s 18-acre Science Square innovation district. Shriners Children’s Research Institute will feature next-generation laboratories, modern collaborative workspaces and advanced technology infrastructure. The move is expected to bring more than 470 jobs to Atlanta. With Shriners Children’s new lease, Science Square Labs is now 83 percent leased to tenants including Duracell, Georgia Tech & Emory BioMedical Engineering faculty labs, the Georgia Department of Agriculture, Portal Innovations and Osmose. Eric Ross, Jessica Doyle and Graham Little of CBRE represented Trammell Crow Co. in the lease negotiations.

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