ATLANTA — BKM Capital Partners and Kayne Anderson Real Estate have purchased a six-property industrial portfolio in metro Atlanta totaling 404,424 square feet. JLL represented the sellers, Berkeley Partners and Brookfield Secondaries Group, in the transaction. The sales price was not disclosed. The portfolio of shallow-bay properties was 89 percent occupied at the time of sale, with a weighted average lease term (WALT) of 2.7 years. The assets include three properties in the northeast Atlanta region — 3400 Corporate Way, Peachtree Industrial Boulevard and Young Court — as well as two properties in northwest Atlanta — Rubicon Business Center and Cobb International. The sixth property was an infill facility located in the city’s Upper Westside district at 4938 S. Atlanta Road. BKM and Kayne Anderson plan to make capital improvements across the portfolio, including exteriors, landscaping, roofs and HVAC systems and renovating vacant space to accelerate the lease-up process.
Georgia
Selig Submits Rezoning Request for Second Phase of The Works Mixed-Use Village in Atlanta
by John Nelson
ATLANTA — Selig Enterprises has submitted a rezoning request for the second phase of The Works, an 80-acre mixed-use village located in Atlanta’s Upper Westside neighborhood. According to The Atlanta Journal-Constitution, Phase II could span 2.2 million square feet upon completion. Phase I of The Works included adaptive reuse offices housing firms including Google Fiber and City of Atlanta; Westbound at The Works, a 306-unit apartment community; Chattahoochee Food Works, a food hall with 31 stalls serving dishes including pho, barbecue, donuts, subs, Mexican food and more; Dr. Scofflaw’s at The Works, a research-and-development brewery concept from Atlanta-based Scofflaw Brewing; retail space, including boutique stores, salons, Stellar Bodies and a standalone Ballard Designs store; and outdoor gathering areas, including Fetch Park (off-leash dog park) and The Camp (outdoor playground and live music space). Selig is proposing a mix of multifamily, office and retail components along Logan Circle and Chattahoochee Avenue. Phase II, which will span the remaining 53 acres of the site, is currently in early planning stages, with no immediate construction timeline established at this time. Selig is working closely with the Upper Westside CID and local neighborhood groups to gain insight and feedback throughout the process. Founded in …
ATLANTA — Charlotte-based developer Crescent Communities has unveiled plans for 3600 Peachtree, a new mixed-use project in Atlanta’s Buckhead district. A construction timeline for the project was not announced. The 2.5-acre site is located at the corner of Peachtree and Wieuca roads, adjacent to Simon’s Phipps Plaza mall. Crescent made the announcement alongside its project partner, the Church of Wieuca, which currently occupies part of the site. Plans currently call for a 21-story, 375,000-square-foot office building and a 300-unit apartment community that will be operated under the developer’s NOVEL by Crescent Communities brand. The development will also feature street-level retail and restaurant space. Crescent also plans to introduce a comprehensive, hospitality-driven amenity program via approximately 10,000 square feet of shared indoor amenities and direct access to an elevated 19,000-square-foot landscaped outdoor terrace. Specific amenities will include conferencing and training spaces that can accommodate more than 200 attendees, as well as multiple alternative work environments and spa-like wellness and fitness facilities with locker rooms, indoor and outdoor lounges. Project partners for 3600 Peachtree include HSR Development Services (residential development), Partners Real Estate (office leasing), Pickard Chilton (architecture) and Kimley-Horn (civil engineering). “Our focus is on creating a workplace that feels elevated …
Walker & Dunlop Arranges $43M Refinancing for Student Housing Community Near Georgia Tech
by John Nelson
ATLANTA — Walker & Dunlop has arranged a $43 million loan for the refinancing of The Hive, a 307-bed student housing community located adjacent to the Georgia Tech campus in Midtown Atlanta. Israel Leiner led the Walker & Dunlop team that arranged the loan on behalf of the borrower, Dezure Development. Walker & Dunlop Investment Partners provided the interest-only bridge loan. Located at 566 Centennial Olympic Park Drive NW, The Hive offers 100 fully furnished units alongside shared amenities including study lounges and fitness facilities, as well as a courtyard with an infinity pool and a rooftop lounge. The property opened in fall 2025.
CP Group Unveils Plans for Mixed-Use Redevelopment of Piedmont Center Office Campus in Atlanta’s Buckhead District
by Abby Cox
ATLANTA — CP Group, an office owner and developer based in Boca Raton, Fla., has unveiled plans to redevelop Piedmont Center, a 2.2 million-square-foot office campus located off Piedmont Road in Atlanta’s Buckhead district. The firm acquired the property in June for $200 million, after the former owner, Ardent Cos., defaulted on its loan tied to Piedmont Center from Morgan Stanley. CP Group is expected to begin its overhaul of the 14-building property this year. “We’re not just updating an office park; we’re building a destination,” says Chris Eachus, founding partner of CP Group. “Piedmont Center is a perfect example of the high-value assets we target. The combination of this prime location and our reimagined master plan has already sparked immediate interest and strong leasing results.” The project team includes Atlanta-based architecture and design firms Smallwood and ASD|SKY, as well as Bethesda, Md.-based real estate consulting firm Of Place. One of the primary transformations planned for the redevelopment is a new street-level strip on Piedmont Road that is expected to include at least six restaurant concepts and various retail offerings. In the meantime, Piedmont Center has already opened LiveWire Coffee in Building 6 and has curated food truck programming options throughout …
CANTON, GA. — The Milestone Group has purchased Legends at Laurel Canyon, a 266-unit, garden-style apartment community located at 100 Legends Drive in Canton, about 43 miles north of Atlanta. The seller and sales price were not disclosed. Built in 2020, Legends at Laurel Canyon offers one-, two- and three-bedroom units averaging 1,227 square feet in size. Amenities include a clubhouse, fitness center, resort-style saltwater pool, gated access, Amazon Hub Lockers, car care center, bike racks and a pet park and spa.
Essential Growth Properties Acquires Publix-Anchored Shopping Center in Mulberry, Georgia for $13.4M
by Abby Cox
MULBERRY, GA. — Essential Growth Properties has acquired Mulberry Village, a 75,200-square-foot shopping center located in Mulberry, approximately 50 miles northeast of Atlanta, for $13.5 million. Built in 2008 on about 17 acres, Mulberry Village is anchored by a newly renovated Publix. Additional tenants at the center, which was 94 percent occupied at the time of sale, include Taco Bell, Maria’s Tex Mex, State Farm, Capital Nails, Spice Wing and Peking Chinese. The property also features four undeveloped outparcels for future use. Jim Hamilton, Brad Buchanan, Andrew Michols and Charlie Merrigan of JLL represented the seller, Watkins Real Estate Group, in the transaction.
TDC Selects Mainsail Lodging as Hotel Development Partner at Medley Project in Johns Creek, Georgia
by Abby Cox
ATLANTA — Toro Development Co. (TDC) has selected Mainsail Lodging & Development as the development partner and operator for the hotel component at Medley, a 43-acre mixed-use development under construction in the north Atlanta suburb of Johns Creek. The 150-room hotel will be integrated within the mixed-use development and will front the 25,000-square-foot greenspace at the property. The hotel, which is slated to open in 2028, will feature modern guestrooms, a signature restaurant and approximately 5,000 square feet of meeting and event space that connects to the green space and lobby. Along with the new hospitality component, Medley includes 164,000 square feet of retail, restaurant and entertainment space; 883 luxury apartments; and 110,000 square feet of office space. Medley will officially open on Oct. 29.
ATLANTA — Hodges Ward Elliott (HWE) has brokered the sale of the Springhill Suites by Marriott Atlanta Buckhead hotel, a 220-room, select-service hotel located at 3459 Buckhead Loop NE in the city’s Buckhead district. HWE, now part of Franklin Street’s platform, represented the undisclosed seller in the transaction. The sales price and buyer were also not disclosed, but the Atlanta Business Chronicle reports that Blueleaf Capital and 3VP purchased the hotel for approximately $19.3 million. Spanning 11 floors, the pet-friendly hotel features a mix of amenities, including a swimming pool, onsite restaurant, 24/7 fitness center, complimentary breakfast, laundry facilities, gift shop and roughly 2,200 square feet of conference space. The Atlanta Business Chronicle reports that the new owners plan to invest $9 million to renovate the hotel. The property will continue to be affiliated with SpringHill Suites by Marriott, according to HWE.
SANDY SPRINGS, GA. — The Ardent Cos. has acquired Perimeter Pointe, a 360,000-square-foot retail property located in Atlanta’s Central Perimeter submarket of Sandy Springs. The locally based owner plans to transform the property into a mixed-use development. Renovations will include the prioritization of walkability and accessibility, an improved tenant lineup, the lease-up of vacant space and remerchandising the existing tenant mix. The redevelopment will also feature the addition of a multifamily component to the property. Current tenants at Perimeter Pointe include Five Below, Office Depot, Dick’s Sporting Goods and HomeGoods. Located at the corner of Mount Vernon Highway and Abernathy Road, the shopping center features immediate proximity to Ga. Highway 400 and onsite connection to the Sandy Springs MARTA station.
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