Wednesday, June 3, 2026
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DevelopmentGeorgiaIndustrialSoutheast

Hunt Midwest Enters Georgia With 1.9 MSF Industrial Development Near Port of Savannah

by John Nelson

BLOOMINGDALE, GA. — Hunt Midwest, a premier development firm based in Kansas City, plans to enter Georgia with its new Hunt Crossroads Commerce Center project. The 1.9 million-square-foot industrial development will be located in Bloomingdale, a city near the Port of Savannah. The project will sit on 280 acres at the northwest corner of I-16 and Jimmy DeLoach Parkway. The six planned buildings will have build-to-suit and flexible leasing options for users ranging from 100,000 to 427,680 square feet. Hunt Midwest has begun the first phase of infrastructural work and plans to break ground soon on Building I, a 318,367-square-foot, rear-load building that is scheduled to open in second-quarter 2027. The developer has tapped Bill Sparks and Preston Andrews of CBRE to handle leasing at Hunt Crossroads Commerce Center.

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AcquisitionsCaliforniaGeorgiaIndustrialSoutheastTexasTop StoriesWashingtonWestern

BKM, Kayne Anderson Acquire 8.5 MSF Light Industrial Portfolio for $1.8B

by Kristin Harlow

NEWPORT BEACH, CALIF. AND BOCA RATON, FLA. — BKM Capital Partners and Kayne Anderson Real Estate have acquired an 8.5 million-square-foot light industrial portfolio from Link Logistics for $1.8 billion. The portfolio includes 51 multi-tenant properties across markets in California, Washington, Texas and Georgia. The deal marks the largest light industrial transaction since 2022, according to the joint venture partners, which now maintain roughly 15 million square feet of multi-tenant light industrial assets under management. The portfolio is approximately 90 percent occupied and consists of nearly 2,000 units across 275 buildings, all located in infill submarkets within high-growth metropolitan areas. “At Kayne Anderson Real Estate, we continue to focus on sectors where we see durable demand drivers and the opportunity to create value through scale, vertical integration and operational expertise,” says Al Rabil, co-founder and CEO of Kayne Anderson Real Estate. “Multi-tenant light industrial remains a highly fragmented segment with compelling fundamentals.” “This acquisition marks the largest addition to BKM’s platform to date and is representative of the strategy we have deployed in the multi-tenant light industrial space for years,” says Brian Malliet, founder, CEO and chief investment officer of BKM. “It not only underscores the importance of deep operating …

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The-Barfield
GeorgiaLeasing ActivityOfficeSoutheast

Omnissa Inks 56,202 SF Office Lease at Former IBM Campus in Sandy Springs, Georgia

by Abby Cox

SANDY SPRINGS, GA. — Omnissa, a Mountain View, Calif.-based enterprise software company, has signed on as the first major tenant at The Barfield, a two-building, 236,191-square-foot office complex in the Atlanta suburb of Sandy Springs. Beginning next summer, Omnissa will occupy the entire 56,202-square-foot third floor at the former IBM campus. Drawbridge Realty has owned the campus since 2015. Originally a build‑to‑suit development for an IBM subsidiary, the property has never been available for lease since it was developed. The Barfield is undergoing a $10 million repositioning program. Earlier this year, Drawbridge completed the first phase, which included Wi‑Fi‑enabled terrace lounges, outdoor basketball and pickleball courts, a bee sanctuary and a redesigned entry plaza with collaborative seating. The design team at ASD|Sky has created a second phase of interior improvements that features a grand staircase connecting the lobby to a café, social lounge, gaming area and a fitness center, as well as a yoga studio, locker rooms and showers. Along with a connected six-story parking garage, the campus also includes a 50,400-square-foot building leased to Children’s Healthcare of Atlanta and Aspen University. Jeff Bellamy of JLL represented Drawbridge Realty in the lease negotiations. Nima Ghomghani and Paul Holmes of CBRE represented …

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AcquisitionsGeorgiaRestaurantRetailSoutheast

Marcus & Millichap Brokers Sale of Restaurant in Buford, Georgia Leased to Whataburger

by John Nelson

BUFORD, GA. — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a restaurant in Buford, a northeast suburb of Atlanta in Gwinnett County. Whataburger occupies the restaurant on a 15-year ground lease that features 10 percent rent increases in the initial term and extension options. The popular burger chain recently backfilled the restaurant vacated by an unnamed tenant. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group brokered the sale on behalf of the seller, a developer that is a repeat client for Whataburger. The out-of-state buyer purchased the restaurant in an all-cash 1031 exchange. “Despite challenges with the higher price point, our team sourced an all-cash, out-of-state, 1031 buyer through our national reach and buyer relationships,” says McMinn. “This is our fifth Whataburger sale in Atlanta, and we have additional Atlanta product for sale.”

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AcquisitionsGeorgiaMultifamilySoutheast

American Landmark Acquires 400-Unit Apartment Community in Buford, Georgia

by John Nelson

BUFORD, GA. — American Landmark Apartments has acquired Preserve at Mill Creek, a 400-unit multifamily community located at 1400 Mall of Georgia Blvd. in Buford, a northeast suburb of Atlanta. The seller and sales price were not disclosed. Built in 2001, Preserve at Mill Creek is situated near the Mall of Georgia, I-85 and Ga. Highway 20. The property features one-, two- and three-bedroom apartments, as well as a swimming pool, fitness center, courtyard and a clubhouse. The acquisition grows American Landmark’s metro Atlanta portfolio to nine properties.

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DevelopmentGeorgiaIndustrialSoutheast

PNK Group Begins Construction on 1 MSF Industrial Facility in Griffin, Georgia

by John Nelson

GRIFFIN, GA. — PNK Group has begun construction on PNK Griffin 200, a 1 million-square-foot speculative industrial facility located at 35 S. McDonough Road in Griffin, about 38 miles south of Atlanta. The property will be developed using PNK Group’s prefabricated Building Assembly Set (BAS) technology and will feature 40-foot clear heights, 194 dock doors, four drive-in doors, a 185-foot truck court, 245 trailer parking spaces and 480 car parking spaces. PNK Griffin 200 is PNK Group’s second project in the industrial park as the New York-based developer recently delivered a 306,000-square-foot build-to-suit facility for Rinnai America Corp.

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AcquisitionsAffordable HousingGeorgiaSeniors HousingSoutheast

Dominium Acquires Affordable Seniors Housing Community in Duluth, Georgia, Plans $9.9M Renovation

by Abby Cox

DULUTH, GA. — Dominium has acquired Sweetwater Terraces, a 165-unit affordable seniors housing community located in Duluth, a northeast suburb of Atlanta. The property was originally developed in 2008 under the Low-Income Housing Tax Credit (LIHTC) program. Dominium has planned a $9.9 million renovation of the property to include updates to roofing, siding and unit interiors, as well as the clubhouse and amenity spaces. The Plymouth, Minn.-based affordable housing developer and investor plans to preserve the affordability status of Sweetwater Terraces during its ownership period. The four-story residential community comprises studio, one-, two- and three-bedroom apartments ranging in size from 496 to 1,158 square feet, according to Apartments.com. Amenities include a community garden, fitness center, salon and shuffleboard courts.

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AcquisitionsGeorgiaHospitalitySoutheastTop Stories

Portman Acquires 73-Story Westin Peachtree Plaza Hotel in Downtown Atlanta from Marriott

by John Nelson

ATLANTA — Portman has acquired the Westin Peachtree Plaza, a 73-story, cylindrically shaped hotel in downtown Atlanta. Marriott International Inc. (NASDAQ: MAR) sold the 1,073-room, full-service hotel but will continue to operate it under Portman’s ownership. “Marriott International has maintained a strong, long-standing relationship with Portman, and we are confident in their ability to realize the full potential of the iconic Westin Peachtree Plaza in the years ahead,” says Cameron Read, CFO for the United States and Canada at Marriott International. “We look forward to continuing to work closely with Portman through our ongoing management of the hotel.” Portman, a real estate development, investment and management firm based in Atlanta, purchased the hotel via its Portman Hospitality Fund I LP. The sales price was not disclosed. The acquisition was a full-circle moment for Portman as Westin Peachtree Plaza was delivered in 1976 by John C. Portman Jr., founder of the Portman company and a world-renowned architect best known for designing high-end, futuristic hospitality properties. His work includes designing the Atlanta and New York Marriott Marquis hotels; Renaissance Center, Detroit; Hyatt Regency San Francisco; Portman Ritz-Carlton Shanghai; and the Westin Bonaventure Hotel & Suites Los Angeles, among others. “Hospitality is in Portman’s …

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AcquisitionsGeorgiaIndustrialSoutheast

Basis Industrial Acquires Metro Atlanta Portfolio for $89.5M

by John Nelson

ATLANTA — Basis Industrial has purchased a 25-building portfolio of shallow-bay facilities in metro Atlanta for $89.5 million. The portfolio features 18 buildings in Stone Mountain and seven assets in Tucker totaling more than 620,000 square feet. The properties were occupied by 119 tenants at the time of sale with a weighted average lease term of 2.2 years. Middour Investments sold the portfolio to Basis Industrial, growing the firm’s Atlanta-area holdings to 1.2 million square feet. Bank of Montreal provided an undisclosed amount of acquisition financing to the buyer. Jake Zebede and Kevin Gonzaelez of Trustone Realty Advisors brokered the transaction.

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DevelopmentGeorgiaMultifamilySoutheast

Woodfield Tops Out 325-Unit Apartment Community in Atlanta

by John Nelson

ATLANTA — Woodfield Development has topped out Woodrow House, a 325-unit apartment community located at 840 Woodrow St. SW in Atlanta. The property sits along the Westside Trail of the Atlanta Beltline, a 22-mile urban trail loop in Atlanta. The developer has begun leasing units at Woodrow House, with monthly rental rates ranging from $1,300 to $3,000. The property will comprise mid-rise apartment buildings, two-story live-work units and townhomes, as well as over 12,000 square feet of retail space facing a new spur of the Beltline. Sixty-six of the units will be reserved as workforce housing. Amenities will include a resort-style pool with outdoor lounge areas and grilling stations; sky deck; fitness center; coworking spaces, including a private conference room and dedicated creator studio; and a dog park and pet spa. The project team includes Fortune Johnson (general contractor), Dynamik Design (architect), Krywicki Interior Design (interior design) and Kimley-Horn (civil engineer and landscape architect). Initial townhome deliveries are expected in July, with the first multifamily units anticipated in September, according to Woodfield.

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