REBusinessOnline

Chick-fil-A to Build First Company-Owned Distribution Center, Create 300 Jobs in North Georgia

CARTERSVILLE, GA. — Chick-fil-A will build its first company-owned distribution center in Cartersville, a project that will create about 300 jobs. The distribution center will open this summer as a pilot facility, serving as a learning lab while the full-scale center is being built. When the full-scale center is delivered at its expected date of summer 2020, it will serve 300 Chick-fil-A restaurants. The property will also house 300 employees with jobs including drivers, warehouse team …

Development, Georgia, Industrial, Southeast

Berkadia Arranges Sale, Financing of 284-Unit Apartment Complex in Metro Atlanta

STONE MOUNTAIN, GA. — Berkadia has arranged the $21.9 million sale of The Residences at Mountain Lake, a 284-unit apartment community in Stone Mountain, about 20 miles east of downtown Atlanta. The garden-style complex offers one-, two- and three-bedroom floor plans and communal amenities such as a picnic area, clubhouse and a playground. The buyer, California-based Praxis Capital Inc., plans to add a fitness center and clubroom, as well as upgrade unit interiors. Andrew Mays, Paul Vetter, …

Acquisitions, Georgia, Multifamily, Southeast

Hudson Properties Sells Apartment Complex in Metro Atlanta for $43M

SANDY SPRINGS, GA. — Hudson Properties has sold The Preserve at Dunwoody, a garden-style apartment complex in Sandy Springs. The property is situated near the Chattahoochee River and Chattahoochee Nature Preserve, 20 miles north of downtown Atlanta. The Preserve at Dunwoody was built in 1984 and offers one- and two-bedroom floor plans. Community amenities include two swimming pools with sundecks, internet café, tennis court, fitness center, private lake, clubhouse and a health club. Kevin …

Acquisitions, Georgia, Multifamily, Southeast

Wilson Investment, Liquid Capital Acquire 646-Unit Apartment Community in Metro Atlanta

DORAVILLE, GA — Wilson Investment Properties and Liquid Capital Real Estate have acquired Forest Cove, a 646-unit apartment complex in Doraville. The joint venture plans to upgrade unit interiors, repaint the building exteriors and enhance existing amenities, which include a dog park, fitness center, swimming pool, playground, soccer field and an outdoor fire pit. The property offers one-, two- and three-bedroom floor plans and is situated at 3497 Meadowglenn Village Lane, four miles from the …

Acquisitions, Georgia, Multifamily, Southeast

TerraCap Management Purchases 122,700 SF Office Building in Metro Atlanta

DECATUR, GA. — TerraCap Management has acquired 160 Clairemont, a 122,700-square-foot office building in Decatur. The property is situated six miles east of downtown Atlanta and offers amenities such as a fitness center, onsite café and a conference center. Samir Idris and Davide Meline of Cushman & Wakefield represented the undisclosed seller in the transaction. Brian Linnihan and Richard Henry of Cushman & Wakefield worked on behalf of the buyer to arrange acquisition financing …

Acquisitions, Georgia, Office, Southeast

Americold to Acquire Cloverleaf for $1.24B, Including 22 Cold Storage Facilities

ATLANTA AND SIOUX CITY, IOWA — Americold Realty Trust has entered into a definitive agreement to acquire Cloverleaf Cold Storage from the company’s management and an investor group led by private equity funds managed by Blackstone. The purchase price was $1.24 billion. Atlanta-based Americold will acquire 22 cold storage facilities in nine states in the Midwest and Southeast, 21 of which are owned by Cloverleaf and one is managed by the company, totaling 5.2 million refrigerated square …

Acquisitions, Georgia, Industrial, Iowa, Southeast

Columbia Property Trust Sells Office Campus in Atlanta for $227.5M

ATLANTA — Columbia Property Trust has sold One and Three Glenlake Parkway, a 711,000-square-foot office campus in Atlanta’s Central Perimeter submarket, for $227.5 million. Columbia recently completed renovations to the campus, which led to the leasing of 460,000 square feet since 2017. Columbia purchased One and Three Glenlake in 2003 and 2008, respectively. The campus is situated 15 miles north of downtown Atlanta. The buyer was an affiliate of Starwood

Acquisitions, Georgia, Office, Southeast

CBRE Arranges $90M Sale of 22 Medical Buildings in Southeast, Chicago

LOS ANGELES — CBRE has arranged the $90 million sale of 22 medical buildings in Florida, Georgia, Alabama and Illinois. The sale includes the Dermatology Solutions Group portfolio, an eight-building portfolio totaling 51,505 square feet in Alabama and Florida. The portfolio is fully occupied by Dermatology Solutions Group, which signed 10-year leases at each site at closing. Physician Group sold the properties to a public single-tenant REIT. A 47,936-square-foot building situated at 2061 …

Acquisitions, Alabama, Florida, Georgia, Office, Southeast

Walker & Dunlop Arranges $47M Sale of New Multifamily Community in Atlanta’s West Midtown

ATLANTA — Walker & Dunlop has arranged the $47 million sale of Westside Heights, a 282-unit multifamily community in West Midtown Atlanta. The asset was built in 2017 and is located near the Atlanta BeltLine. The property offers one- and two-bedroom floor plans and features community amenities such as a complimentary continental breakfast and coffee bar, swimming pool, clubhouse, fitness center, conference room, rooftop lounge and package receiving services. Pat Jones and Chris Goldsmith …

Acquisitions, Georgia, Multifamily, Southeast

CommonGrounds Workplace Signs 49,506 SF Office Lease in Midtown Atlanta

ATLANTA — CommonGrounds Workspace has signed a 13-year, 49,506-square-foot office lease at 999 Peachtree St. in Midtown Atlanta. The coworking company will occupy two of the 28 floors and is expected to move in in early 2020. This marks CommonGrounds’ first signed lease in 2019 as part of its $100 million Series A expansion program. Five locations are already open around the country. Amenities at 999 Peachtree include Empire State South restaurant on the ground floor, The Peachtree Club and …

Georgia, Leasing Activity, Office, Southeast
Content Partners Alliant Credit Union
RED Capital Group

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