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DevelopmentGeorgiaMixed-UseSoutheast

Toro Development Opens $560M Medley Mixed-Use Destination in Johns Creek, Georgia

by John Nelson

JOHNS CREEK, GA. — Toro Development Co., a locally based development firm led by Mark Toro, has officially opened Medley, a $560 million mixed-use campus in Johns Creek, a northern suburb of Atlanta in Fulton County. Toro Development held a grand opening ceremony on Thursday, Oct. 29 for the 43-acre project, which culminated in the opening of 25 new restaurants and retailers, including Trader Joe’s, Shake Shack, Sephora, BODYROK, Kontour Med Spa, Five Daughters Bakery, Summit Coffee, Hollow Oak, Drybar and Petfolk, among others. Additionally, Medley’s office component (112,000 square feet) was built on a speculative basis but opened fully leased to tenants including Boehringer Ingelheim (73,000 square feet for its U.S. Animal Health headquarters), Brightree (17,751 square feet) and an unnamed tenant. Stream Realty Partners is leasing the office space on behalf of Toro Development, and Cushman & Wakefield represented Boehringer Ingelheim and Brightree in their lease negotiations. Medley was formerly a suburban office campus for State Farm Insurance, which relocated away from the site in 2013. In addition to offices, shops and restaurants, Medley will feature 881 luxury residences, featuring for-sale townhomes and apartments; a 25,000-square-foot plaza; and a 150-room boutique hotel set to open in 2028 that …

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Pointe Grand Cassville
DevelopmentGeorgiaMultifamilySoutheast

Hillpointe Opens 312-Unit Multifamily Community in White, Georgia

by Abby Cox

WHITE, GA. — Winter Park, Fla.-based Hillpointe has opened Pointe Grand Cassville, a 312-unit, garden-style multifamily community located in White, a northwest suburban node of Atlanta in Bartow County. Pointe Grand Cassville is Hillpointe’s third community to open in Georgia this year. The community offers two-bedroom, two-bathroom apartments spanning 1,170 square feet in size. Amenities include a resort-style swimming pool with private cabanas; pickleball courts; 24-hour fitness center; clubhouse with a coffee and tea bar; business center; outdoor grilling pavilion; community fire pit; leash-free dog park; pet spa; valet trash service; community Wi-Fi; and electric vehicle charging stations. Monthly rental rates begin at $1,659, according to Apartments.com.

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Company NewsDevelopmentGeorgiaIndustrialSoutheastTop Stories

Audi Selects Georgia for $4B SUV Manufacturing Plant

by John Nelson

PEACH COUNTY, GA. — Audi AG has selected the Middle Georgia Megasite near Macon for a $4 billion advanced manufacturing facility, which will be the German automotive giant’s first plant in Georgia. The company’s new factory in Peach County will bring approximately 4,500 new jobs to central Georgia and create an expected annual capacity of 200,000 vehicles, with a focus on Audi’s luxury SUVs. Audi expects to begin grading the site in 2027 and break ground on the new plant in 2028. The factory is expected to begin operating at full capacity in 2031. The size of the new factory was not disclosed, but Audi says it will be “among the brand’s largest production footprints globally.” “The United States is one of the world’s most important premium markets, and we have not yet realized our full potential,” says Gernot Döllner, chairman of the board of management at Audi AG. “We are determined to change that — with premium products, a stronger brand and a competitive local production base. This is about building a stronger Audi business in America — not simply about building a factory.” “We are proud to welcome one of the world’s most iconic automotive brands to Georgia,” …

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Akari-Buckhead
AcquisitionsGeorgiaLoansMultifamilySoutheast

CBRE Arranges $83M Acquisition Loan for Luxury Multifamily Community in Atlanta’s Buckhead District

by Abby Cox

ATLANTA — CBRE has arranged $83 million in acquisition financing for AMLI Lenox, a 391-unit luxury multifamily community located in Atlanta’s Buckhead district. Robert LaChapelle and Blake Cohen of CBRE secured the loan through New York Life on behalf of the owner, ORIX Corp. Shea Campbell, Ahish Cholia, Colleen Hendrix and Don Hoffman of CBRE represented the seller, AMLI Residential, in the transaction. Rebranded as Akari Buckhead, the apartment tower rises 24 stories and serves as a centerpiece for AMLI’s 1,302-unit, four-property campus that surrounds the 1.5-acre Marie Sims Park. The community, which was 96 percent occupied at the time of financing, offers studio, one-, two- and three-bedroom floorplans, as well as penthouses. Amenities include laundry services, a pet play area, pet washing station, electric vehicle charging stations and onsite retail, management and maintenance services.

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MPW-Facility
DevelopmentGeorgiaIndustrialSoutheastTop Stories

Mitsubishi Power to Invest $490M for Manufacturing Expansion Project Near Savannah, Create 220 Jobs

by Abby Cox

POOLER, GA. — Mitsubishi Power Americas has announced it will invest $490 million to expand the company’s existing operations at its Savannah Machinery Works facility at 1000 Pine Meadow Drive in Pooler, a western Savannah suburb that sits close to both the Port of Savannah’s Garden City Terminal and Savannah/Hilton Head International Airport. The expansion will add 450,000 square feet of manufacturing space, doubling the company’s current footprint. The project is expected to create 220 new jobs in Chatham County. Savannah Machinery Works — Mitsubishi Power Americas’ premier heavy-industrial manufacturing plant and service center — opened in 2010 as the company’s first complete gas turbine production facility building outside of Japan. The new facility is scheduled to begin operating in early 2029, according to multiple media sources. Additional details of a construction timeline were not released. Civic support for Mitsubishi’s investment includes the Georgia Department of Economic Development (GDEcD), the Savannah Economic Development Authority, Georgia Power and Georgia Quick Start. “Mitsubishi Power Americas’ products are critical to America’s energy infrastructure, and the company is continuing to invest in Georgia because of the connectivity that our ports, rail, highways and airports provide,” says GDEcD Commissioner Pat Wilson.  Mitsubishi Power stated that the …

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DevelopmentGeorgiaIndustrialSoutheast

Blue Bird to Invest $300M in Fort Valley, Georgia, Develop 1 MSF Manufacturing Facility

by Abby Cox

FORT VALLEY, GA. — Blue Bird Corp., an American manufacturer of school buses and alternative-fuel student transportation, plans to invest an estimated $300 million to expand its manufacturing operations in Fort Valley, about 27 miles southwest of Macon, Ga. The new 1 million-square-foot facility is expected to create 375 new jobs over the next three years. Blue Bird will convert a former manufacturing site for diesel-powered motorhomes located at 401 Wanderlodge Way into a new facility to build buses of all powertrains. The facility will produce Type C school buses — i.e. the classic, “conventional” yellow school buses — which will include diesel, gasoline, propane and electric-powered models. Construction is expected to begin in the first quarter of 2027. Civic support for Blue Bird’s investment includes the Development Authority of Peach County, Georgia Quick Start and the Georgia Department of Economic Development’s (GDEcD) Global Commerce team.

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AcquisitionsGeorgiaIndustrialSoutheast

Lincoln Property Co. Acquires 1.1 MSF Industrial Portfolio in Alpharetta, Georgia

by John Nelson

ALPHARETTA, GA. — Lincoln Property Co. has acquired a 10-property industrial portfolio in Alpharetta, a northern suburb of Atlanta. The seller and sales price were not disclosed. The properties within the approximately 1.1 million-square-foot portfolio were built between 1995 and 2000 and feature 18- to 23-foot clear heights, truck courts and roughly 24 percent office finishes. The portfolio, which was fully leased at the time of sale to 21 tenants, represents the fourth acquisition for the Lincoln Logistics Fund II.

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the-bricks-perimeter-center-dunwoody
AcquisitionsGeorgiaMultifamilySoutheast

TruAmerica Acquires 446-Unit Apartment Community in Metro Atlanta

by Abby Cox

DUNWOODY, GA. — TruAmerica Multifamily has acquired Bricks at Perimeter, a 446-unit, garden-style apartment community located in Dunwoody, roughly 16 miles north of downtown Atlanta. The seller and sales price were not disclosed. Built in 2007, Bricks at Perimeter offers 16 studios, 250 one-bedroom, 154 two-bedroom and 26 three-bedroom apartments averaging 926 square feet in size. Amenities at the property include a fitness center, electric vehicle charging stations, a swimming pool, clubhouse, putting greens, a grill, dog park, business center and access to MARTA. As part of the acquisition, TruAmerica plans to renovate the property as 442 out of 446 apartments are still outdated or only partly upgraded.

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DevelopmentGeorgiaIndustrialSoutheast

Hyundai Transys to Invest $560M for Factory Expansion in West Point, Georgia

by John Nelson

WEST POINT, GA. — Hyundai Transys Georgia Powertrain, an automotive parts specialist in the Hyundai family of brands, has announced it will invest $560 million to expand its manufacturing operation at 6801 Kia Parkway in West Point, a west Georgia city near the Alabama border. The investment will fund upgrades to two current buildings and the construction of a third on the campus. The expansion will support added production capacity for electrified powertrains for hybrid vehicles. Hyundai Transys plans to create 320 new jobs as a result of the expansion, adding to its current total of 1,250 employees. The construction timeline was not disclosed. Civic and utility partners for the Hyundai Transys project include the Georgia Department of Economic Development’s Global Commerce team, the City of West Point, Georgia Quick Start and Georgia Power.

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DevelopmentGeorgiaIndustrialSoutheast

SunCap to Develop 959,822 SF Industrial Project Near Port of Savannah

by John Nelson

POOLER, GA. — SunCap Property Group has purchased 65 acres in Pooler, a western suburb of Savannah, for the development of Pine Meadow Logistics Park. Situated at Pine Meadow Drive and Pine Barren Road, the two-building development will span 959,822 square feet at full build-out. SunCap has tapped Hilary Shipley and Sebastian Findlay of Colliers Savannah to lease Pine Meadow, which sits within close proximity to I-95, I-16 and the Port of Savannah’s Garden City Terminal. The project will comprise a 606,323-square-foot cross-dock building and a 353,499-square-foot rear-load facility. SunCap expects to deliver both buildings by October 2027.

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