SANDY SPRINGS, GA. — Cushman & Wakefield has arranged a $72 million loan on behalf of locally based owner-operator Jamestown LP for the refinancing of two adjacent shopping centers in metro Atlanta. Totaling more than 340,000 square feet in Sandy Springs, the properties include Parkside Shops (158,400 square feet) and Hammond Exchange (176,000 square feet). A 49,506-square-foot Whole Foods Market anchors the centers, which share a footprint of about 25 acres. Additional tenants include Marshalls, HomeGoods, Petco and The Springs Cinema & Taphouse. John Alascio, Alex Hernandez, Alex Lapidus, Mitch Rothstein, Nick Scibelli and Mark Gilbert of Cushman & Wakefield secured the floating-rate loan through accounts managed by KKR on behalf of Jamestown.
Georgia
DOUGLASVILLE, GA. — Corvant, an HVAC and mechanical plumbing manufacturer, has signed a full-building lease at LogistiCenter at Bright Star, a 113,865-square-foot industrial facility in Douglasville, a western suburb of Atlanta. The landlord, Dermody, recently delivered the rear-load facility, which features 32-foot clear heights, a 60-foot speed bay, 28 dock-high doors, two drive-in doors, approximately 90 automobile parking spaces and ESFR fire protection. Mason Marsteller of Hughes Commercial Real Estate represented Dermody in the lease negotiations. Angie Henry of The Realty Group represented Corvant.
CARNESVILLE, GA. — Walmart Inc. (NASDAQ: WMT) has unveiled plans to build a fulfillment center in Carnesville, a city located about 85 miles from Atlanta in northeast Georgia. The project, which is expected to create 1,000 new jobs, comes as part of a larger, $1.3 billion capital investment in Franklin County. The 1.5 million-square-foot automated facility will be located within Franklin 85 Logistics Center. Construction is expected to begin later this year. According to Walmart, the company’s next-generation fulfillment centers are located in strategic markets to expand same-day and next-day shipping capabilities across the country. “As customer expectations continue to evolve, investments like our new fulfillment center in Carnesville help us deliver the speed, convenience and reliability customers count on,” says Karisa Sprague, senior vice president of supply chain for Walmart U.S. The Georgia Department of Economic Development worked on the project in partnership with the Franklin County Industrial Building Authority, Georgia EMC and Georgia Quick Start. The Arkansas-based retail giant’s presence in Georgia includes 209 Walmart stores and Sam’s Clubs as well as 11 supply chain facilities employing more than 65,300 associates across the state. With fiscal year 2026 revenue of $713 billion, Walmart employs approximately 2.1 million associates …
CHICAGO — JLL has arranged the sale of a 10.5 million-square-foot industrial portfolio in the Southeast. EQT Real Estate is selling the 46-building portfolio to an affiliate of California-based LBA Realty for an undisclosed price. John Huguenard, Trent Agnew, Will McCormack and Tara Hagerty of JLL represented the seller in the transaction. Additionally, Kevin MacKenzie, Peter Thompson, Steven Klein and Chris Pratt of JLL arranged an undisclosed amount of acquisition financing through two national banks for the buyer. The sold portfolio features properties in 10 separate markets, including Charlotte and Greensboro, N.C.; Greenville-Spartanburg, S.C.; Atlanta and Savannah, Ga.; Tampa, Orlando and Jacksonville, Fla.; and Birmingham and Huntsville, Ala. The logistics facilities in the portfolio average 230,000 square feet in size, according to JLL.
STONE MOUNTAIN, GA. — Home Invest, a private real estate investment firm based in Palm Beach Gardens, Fla., has purchased East Ponce Village, a 997-unit multifamily community located at 1310 Wood Bend Drive in Stone Mountain. The seller and sales price were not disclosed. Home Invest assumed operations of the distressed community prior to the sale being finalized and is investing in capital improvements for both the physical property and its resident programming. Built in 1987 roughly 20 miles east of Atlanta, East Ponce Village features two pools, a fitness center and a clubhouse.
CHICAGO — A partnership between The Scion Group and funds managed by Ares Real Estate has acquired a portfolio of four student housing properties in Sun Belt markets. The aggregate purchase price for the 2,315-bed portfolio was approximately $435 million. The seller, Chicago-based SCHENK+, developed three of the properties and acquired and repositioned the fourth. The portfolio includes two communities serving students attending Texas State University in San Marcos, Texas: The Parlor and Hillside San Marcos. The other two properties are Tenn near University of Tennessee in Knoxville and Georgia Heights near the University of Georgia in Athens. Chicago-based Scion currently operates in all three student housing markets. The company says this acquisition represents a “comprehensive exit” for SCHENK+’s founder, Jared Schenk. “Jared Schenk is one of the true pioneers of off-campus student housing, and he has built an incredible portfolio of high-quality communities,” says Robert Bronstein, CEO of Scion. “Scion is pleased to add another successful portfolio execution to our track record, and we are even more excited to welcome these communities to our portfolio.” Founded in 1999, Scion is the world’s largest owner of off-campus student housing. Following this transaction, Scion will operate nearly 117,000 beds across 187 …
PENDERGRASS, GA. — Parts Town Unlimited has signed a 538,450-square-foot, full-building lease at Jackson 85 North Business Park in Pendergrass, about 57 miles northeast of Atlanta via I-85. The owner is a joint venture between affiliates Trammell Crow Co. (TCC) and CBRE Investment Management, which is acting as a landlord on behalf of a fund it manages. Parts Town Unlimited is a global parent company and distributor of original equipment manufacturer replacement parts for the food service, residential appliance and HVAC industries. The firm will move into Building One by the end of the year. The facility will be the company’s largest fulfillment center to date, according to TCC. Phase I of Jackson 85 North features two speculative warehouse buildings totaling more than 1.5 million square feet across 215 acres. Both cross-dock warehouses include 40-foot clear heights, 185-foot concrete truck courts, abundant trailer and car parking spaces, more than 290 dock door positions, four drive-in ramps and a 3,900-square-foot air-conditioned office area. The buildings also feature a roofing system that can accommodate future solar panels, ample electrical service and an ESFR fire protection system.
BROOKHAVEN, GA. — Woodfield Development plans to develop a new 320-unit apartment community located at 4170 Ashford Dunwoody Road NE in Brookhaven, a northeastern suburb of Atlanta in DeKalb County. The property will sit on five acres within Ashford Green, a mixed-use redevelopment by Vela Cos. that will features residences, offices, a hotel and restaurants. The site was recently rezoned from office to multifamily, and Woodfield plans to close on its land acquisition in second-quarter 2027. The unnamed apartment community will feature a mix of studio, one-, two- and three-bedroom floor plans, as well as a resort-style pool, clubhouse and coworking areas. The design-build team will include Dwell Design Studio (architect), PEC (civil engineer) and Spacecraft (landscape architect). The construction timeline was not released.
City of Alpharetta Approves North Point Mall Rezoning for Planned Hockey-Anchored Mixed-Use Village
by John Nelson
ALPHARETTA, GA. — The Alpharetta City Council has approved the rezoning of North Point Mall, a shuttered 1.3 million-square-foot shopping mall that originally opened in 1993. The redevelopment is now zoned for the build-out of a mixed-use entertainment district that the development team hopes will attract a National Hockey League (NHL) team. The team behind the nearly 100-acre mixed-use district includes landowner New York Life Insurance Co., real estate development and placemaking firm Jamestown and specialty sports and entertainment development firm Machete Group. The design-build team includes HKS Architects and Kimley-Horn (civil engineer), and Jamestown will manage the overall development. Plans for the site include a 20,000-seat NHL-ready arena; 4,000-seat music hall and performing arts center; 2,000-seat community hockey rink; 1,100-seat movie theater; two hotels comprising up to 650 hotel rooms and a 35,000-square-foot conference center; approximately 565,000 square feet of retail and dining space; 750,000 square feet of offices; 1,385 multifamily units; and more than 20 acres of publicly accessible parks, plazas and multi-use trails. The development team says the project should support more than 13,000 construction jobs and 6,000 permanent jobs, as well as generate $2 billion in direct consumer spending. The redevelopment will be delivered in phases, …
ATLANTA — Alterra IOS has acquired five industrial outdoor storage (IOS) properties totaling 146,700 square feet across 32 acres in metro Atlanta. Each site is located within industrial submarkets with access to major highways and transportation networks. The properties include: The industrial sites are occupied by a mix of tenants, including a national wholesale food distributor, a national truck rental and transportation services company and a regional equipment rental dealer. ONE Commercial Real Estate, Lee & Associates, King Industrial Realty Inc. and Cone Commercial Real Estate were the brokerages involved in these transactions. The sellers and sales price were not disclosed.
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