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Basis Industrial, OneIM Acquire Industrial Portfolio in Orlando, Metro Atlanta for $144.6M

John Nelson — Wed, 08 Apr 2026 14:32:20 +0000

DELRAY BEACH, FLA. — A joint venture between Delray Beach-based Basis Industrial and global investment management firm One Investment Management (OneIM) has purchased an industrial portfolio in the Orlando and Atlanta markets. The firms acquired the 839,001-square-foot portfolio from Boston-based Albany Road Real Estate Partners for $144.6 million as part of a multibillion-dollar programmatic joint venture between Basis Industrial and OneIM. The acquired portfolio spans multiple building within three properties: Lake Point Business Park (134,389 square feet) and Challenger South (146,538 square feet) in Orlando and Breck Exchange in Duluth, Ga. (558,074 square feet). Aaron Appel, Jonathan Schwartz and Michael Brown of Walker & Dunlop assisted in sourcing acquisition debt. Mo Beler, Jonathan Paine, Cory Elbaum and Jackson Irwin of Walker & Dunlop advised on the joint venture equity raise.

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Walker & Dunlop Arranges $104.5M Construction Loan for Ritz-Carlton Savannah Hotel

John Nelson — Wed, 08 Apr 2026 14:30:23 +0000

SAVANNAH, GA. — Walker & Dunlop has arranged a $104.5 million construction loan for Ritz-Carlton Savannah, a 168-room luxury hotel located at 2 E. Bryan St. in Savannah. The hotel is a redevelopment of two obsolete office buildings built in 1911 in Savannah’s Historic District. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Ari Hirt, Sean Reimer and Jason Schwartzberg of Walker & Dunlop arranged the loan through The LCP Group LP on behalf of the borrower, TMGOC Ventures. Jay Morrow and Carter Gradwell of the Walker & Dunlop Hospitality Advisory team assisted and advised the borrower, which is utilizing federal and state historic rehabilitation tax credit programs to help fund the redevelopment. At completion, the Ritz-Carlton Savannah will feature multiple food-and-beverage options on the lower level, ground floor, second floor and rooftop.

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McCarthy Delivers 134,000 SF Hospital in Northwest Georgia

Abby Cox — Mon, 06 Apr 2026 14:00:55 +0000

RINGGOLD, GA. — McCarthy Building Cos. has delivered CommonSpirit – Memorial Hospital, a 134,000-square-foot hospital located in Ringgold, a city in Catoosa County along the Georgia-Tennessee border. The $90 million project marks the first new hospital to be delivered to the community in seven decades. The 64-bed inpatient hospital replaces the 70-year-old Hutcheson Medical Center and connects to the existing physician office building, serving as an anchor for its medical campus. The hospital features an emergency department that includes critical care services, imaging services, operating rooms, a GI department, pharmacy, modernized kitchen and server, laboratory and a sterile processing department, as well as a chapel provided by the Sisters of Charity of Nazareth. The facility also houses eight ICU rooms and 56 medical and surgery rooms, including five isolation rooms. The site also houses Rees Skillern Cancer Institute and MaryEllen Locher Breast Cancer Center, where additional renovations were also completed to enhance patient access and operational efficiency across the campus. The Cancer Center includes a new waiting room, patient registration area, storage, stretcher alcove and a new southern entrance, while the physician office building features new administrative offices, an office for the director of nursing and a dedicated command center. Hoefer Welker…

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Cushman & Wakefield Brokers $7.4M Sale of Retail Center in Roswell, Georgia

John Nelson — Wed, 01 Apr 2026 13:06:10 +0000

ROSWELL, GA. — Cushman & Wakefield has brokered the $7.4 million sale of The Alstead Shops, an 11,200-square-foot retail center located at 2000 Holcomb Bridge Road in Roswell. The metro Atlanta property was delivered in 2024 and was fully leased at the time of sale to tenants including Wellstar Urgent Care, CityVet, Layne’s Chicken Fingers, The Great Greek Mediterranean Grill and The Human Bean. Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the sellers, Mirabeland Investments and Concordia Properties in the transaction. The buyer was Manchester Capital Management.

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TruAmerica Purchases 20-Story Apartment High-Rise in Atlanta’s Buckhead District

John Nelson — Tue, 31 Mar 2026 14:11:54 +0000

ATLANTA — Los Angeles-based TruAmerica Multifamily has purchased The Tower on Piedmont, a 20-story high-rise apartment tower in Atlanta’s Buckhead district. The seller and sales price were not disclosed, but TruAmerica says that the previous owner invested $3 million in capital improvements at the 155-unit tower prior to the sale. Colleen Hendrix, Shea Campbell and Ashish Cholia of CBRE represented the seller in the transaction. Ryan Greer and Troy Tegeler of CBRE arranged an undisclosed amount of acquisition financing for TruAmerica. Completed in 2009, The Tower on Piedmont features high-end finishes and amenities, including a penthouse-level sky lounge with a catering kitchen, rooftop pool and sundeck, outdoor social lounge, fitness center and 24-hour concierge services. The acquisition grows TruAmerica’s metro Atlanta holdings to approximately 3,000 units (owned and managed). The buyer plans to further invest in upgrading the property’s amenities and common spaces.

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Omega Construction Breaks Ground on 801,000 SF Distribution Center in Macon, Georgia for Bob’s Discount Furniture

Abby Cox — Mon, 30 Mar 2026 13:35:55 +0000

MACON, GA. — Winston-Salem, N.C.-based Omega Construction has broken ground on an 801,000-square-foot warehouse and distribution facility for in Macon for Bob’s Discount Furniture. Situated roughly 85 miles southeast of Atlanta in Central Georgia, the facility will serve as a major logistics hub to support the retail furniture chain’s growth across the Southeast. Further details of the development were not disclosed. Needham, Mass.-based Onyx Partners is leading the development, with Omega Construction serving as the design-build general contractor, in partnership with Falcon Design Consultants, Atlas Collaborative and HGA. As of early 2026, Bob’s Discount Furniture operates more than 200 stores across the U.S.

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Landmark Properties Enters Seniors Housing Sector

John Nelson — Thu, 26 Mar 2026 13:21:46 +0000

ATHENS, GA. — Landmark Properties, an Athens-based residential developer primarily known for its nationwide portfolio of student housing communities, has announced its expansion into the seniors housing sector. The firm plans to pursue both ground-up development and acquisition opportunities in the senior living space. “Seniors housing sits at an attractive inflection point, having made a meaningful recovery from a unique black swan event and now exhibiting a pronounced supply-demand imbalance,” says Walt Templin, president and chief investment officer of Landmark. “This dynamic creates a compelling entry point for Landmark to leverage its vertically integrated platform.” Landmark has appointed Shashank Goel to lead the company’s entry into seniors housing. Goel will serve as senior director of U.S. seniors housing investment management. Goel, who has more than 10 years of experience in seniors housing, most recently served as assistant vice president at Harrison Street.

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MDH Partners Closes $946.8M Refinancing for National Industrial Portfolio

John Nelson — Wed, 25 Mar 2026 14:18:55 +0000

ATLANTA — Atlanta-based MDH Partners has closed a $946.8 million refinancing for Project Interstellar, a 59-property, 13.5 million-square-foot industrial real estate portfolio that spans 15 states. The names and locations of the properties were not released. The refinancing package involved restructuring nine existing mortgages into seven new loans, with Wells Fargo Bank NA providing $786.8 million as the sole bookrunner, joint lead arranger and administrative agent on six of the loan portfolios. ACORE Capital provided $160 million as the administrative agent on the seventh loan portfolio. Matthew Ludwig of MDH Partners worked with Melissa Frawley and Steve Hinkle at Wells Fargo and Scott Swisher at ACORE Capital to secure the loans. MDH Partners currently manages three investment vehicles that owns 38.5 million square feet of industrial space across 19 states. The firm is currently investing in Fund III, which has closed more than $591 million in acquisitions and another $160 million in properties under contract in the past six months.

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UCB to Invest $2B for Biopharmaceutical Manufacturing Campus in Northeast Georgia

Kristin Harlow — Wed, 25 Mar 2026 12:00:00 +0000

DACULA, GA. — Global biopharmaceutical company UCB has unveiled plans to invest $2 billion to establish its first U.S. pharmaceutical biologics manufacturing campus in Dacula, a city within metro Atlanta’s Gwinnett County. The new facility is expected to create 330 new jobs over the next several years at Rowen, a mixed-use innovation district focused on global health, agriculture and environmental sustainability. The 2,000-acre “knowledge community” is planned along Ga. Highway 316. The new 460,000-square-foot facility will anchor 79 acres that UCB purchased off Rowen Parkway. Brussels, Belgium-based UCB maintains an existing presence in Georgia. The company’s North American headquarters is located in Smyrna and currently supports more than 400 jobs spanning expertise in neurology and immunology. UCB is focused on developing innovative medicines for people living with severe neurological and autoimmune conditions such as epilepsy. UCB’s new manufacturing footprint marks the first major private investment at Rowen and the largest capital investment in Gwinnett County’s history. UCB says it will leverage advanced manufacturing technologies, including artificial intelligence, robotics and automation, while prioritizing efficient use of natural resources. Jean-Christophe Tellier, CEO of UCB, says the project is expected to generate approximately $5 billion in total economic impact, including more than 1,000…

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Georgia Ports Authority to Open $134M Gainesville Inland Port in May

John Nelson — Tue, 24 Mar 2026 14:20:53 +0000

GAINESVILLE, GA. — The Georgia Ports Authority plans to open the Gainesville Inland Port, a $134 million inland port in the northeast Georgia city of Gainesville, on May 4, 2026. The 104-acre project will give manufacturers and suppliers in the region an alternative to a 600-mile roundtrip truck route by providing direct Norfolk Southern rail service between the inland port and the Port of Savannah. The Georgia Ports Authority estimates that the new inland port will replace approximately 26,000 roundtrip truck routes in the inland port’s first year of operation. The Gainesville Inland Port, formerly known as the Blue Ridge Connector, will have an annual capacity of 200,000 containers. The Georgia Ports Authority is currently executing a nearly $5 billion infrastructure investment plan over the next decade to expand berths, yards, gates, inland ports and rail capacity for the state’s port network, headlined by the Port of Savannah.

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Peachtree Group Acquires 600,000 SF Distribution Center Near Savannah Leased to Hasbro, Launches DST

John Nelson — Tue, 24 Mar 2026 14:19:11 +0000

MIDWAY, GA. — Peachtree Group has acquired a newly built, 600,000-square-foot distribution center in Midway, about 32 miles southwest of Savannah. The property is fully leased to Hasbro Inc., a toy and game manufacturing company behind brands including NERF, Transformers, G.I. Joe, My Little Pony, Monopoly, Play-Doh, Dungeons & Dragons, Furby, Power Rangers and Magic: The Gathering. Located in Liberty County, the property represents approximately 25 percent of Hasbro’s U.S. distribution footprint and services brick-and-mortar stores and direct-to-consumer operations. The seller and sales price were not disclosed. As part of the transaction, Peachtree Group has launched a Delaware Statutory Trust (DST) called PG Savannah Industrial DST, allowing 1031 users and other investors to acquire fractional interests in the property via a trust structure. The lease has an initial 10-year term with two five-year extension options with 3.25 percent annual rent escalations. Hasbro is responsible for operating expenses at the facility, according to Peachtree Group.

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Greysteel Arranges Construction Financing for Dual-Branded, 146-Room Hotel in Savannah

Abby Cox — Mon, 23 Mar 2026 13:01:55 +0000

SAVANNAH, GA — Bethesda, Md.-based Greysteel has arranged construction financing for a dual-branded, 146-room SpringHill Suites and TownePlace Suites Marriott hotel in Savannah. Greysteel secured the loan on behalf of Arya Hospitality, a Savannah-based developer. An Atlanta-based regional bank provided financing for the project. Further details of the transaction were not disclosed, but a source familiar with the transaction said the loan amount was north of $15 million.

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Partners Capital Acquires 261,949 SF Powers Ferry Business Park in Atlanta

John Nelson — Thu, 19 Mar 2026 14:45:45 +0000

ATLANTA — Partners Capital, the investment arm of Houston-based Partners Real Estate, has acquired Powers Ferry Business Park, a five-building flex park in Atlanta’s Cumberland-Galleria submarket. Built in 1982, the 261,949-square-foot campus sits on 26 acres within two miles of Battery Atlanta and Truist Park, home of the Atlanta Braves. Partners Capital purchased Powers Ferry Business Park through Opportunity Fund VI, its newly launched investment vehicle. The seller and sales price were not disclosed, but the Atlanta Business Chronicle reports the property traded for $46.1 million in an off-market transaction. The park was 91 percent leased at the time of sale to 36 tenants. Partners Capital plans to make capital improvements to Powers Ferry Business Park over the course of its ownership.

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Grady Health System Plans $1B Medical Campus in South Atlanta Suburb

John Nelson — Thu, 19 Mar 2026 12:00:00 +0000

UNION CITY, GA. — Grady Health System has announced plans for the development of a new campus in Union City, roughly 20 miles southwest of Atlanta. Project costs for the development are expected to total more than $1 billion. Scheduled to open in phases, the campus will feature a medical office building and an acute care hospital. The two buildings will be situated near a freestanding emergency department that is currently under construction. Grady plans to open that facility in June and integrate it into the larger campus in the future. The hospital will feature 200 critical care, intermediate care and acute care beds. Grady expects that the hospital will serve as a Level 3 verified trauma center, equipped to perform emergency surgery, resuscitate and stabilize patients with serious injuries. The medical office building will offer imaging services, a surgery center, specialty clinics, pharmacy services, rehabilitation and pediatric care. Construction on the medical office building is scheduled for completion in early 2028, with the hospital planned to open in 2031. Financing for the project includes $300 million in Fulton County bond funding and funds raised through a multi-year capital campaign. “We are proud of this latest partnership with Grady,” said…

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Onward Takes Ownership of 306,000 SF Office Property in Alpharetta

John Nelson — Wed, 18 Mar 2026 14:07:36 +0000

ALPHARETTA, GA. — Onward Investors, an alternative investment firm based in Minneapolis, has recently taken ownership of a 306,000-square-foot office property in Alpharetta, a northern suburb of Atlanta. The buildings include 800 and 900 North Point Parkway, which sit north of the Ga. Highway 400 and Old Milton Parkway interchange. Onward Investors acquired the senior loan secured by the property last October. 800 and 900 North Point Parkway were 45 percent leased at the time of sale and include a recently reimagined courtyard, tenant lounge and conference center.

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Toro Breaks Ground on 301-Unit Apartment Community at Cumming City Center in Metro Atlanta

John Nelson — Tue, 17 Mar 2026 14:13:41 +0000

CUMMING, GA. — Toro Development Co. has broken ground on Overlook, a 301-unit apartment community situated within Cumming City Center, a 75-acre mixed-use district in the northeast Atlanta suburb of Cumming. Overlook will complement the other components of Cumming City Center, which will include an amphitheater, shops, restaurants, walking trails, green space and a new municipal building. Community amenities at Overlook will include a resort-style pool, fitness center, courtyards, sky lounge, micro-offices and a dog park. First units are set to deliver in 2027, according to Toro Development.

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Sage Expands Office Footprint at Ponce City Market in Atlanta

John Nelson — Tue, 17 Mar 2026 14:09:54 +0000

ATLANTA — Sage, an accounting, HR and finance tech firm, has expanded its office footprint at 619 Ponce, a four-story, mass-timber loft office building at Ponce City Market. The newly built office building is part of the expansion of Ponce City Market, a large mixed-use redevelopment campus in Atlanta’ s Old Fourth Ward district that reimagined the historic, 2.1 million-square-foot Sears Roebuck building that reopened in 2014. Sage has expanded its lease at 619 Ponce by 32,000 square feet, bringing the firm’s total footprint to 89,000 square feet across three floors. Sage expects to occupy its new space in the fall, bringing in an additional 200 employees to join the 450 associates already working at the office building. Cushman & Wakefield represented the tenant in the lease negotiations. CBRE represented the landlord, locally based Jamestown. Delivered in 2024, 619 Ponce is now fully leased.

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AH Realty Trust Agrees to Sell 11-Property Multifamily Portfolio to Harbor Group for $562M

John Nelson — Tue, 17 Mar 2026 12:00:00 +0000

VIRGINIA BEACH AND NORFOLK, VA. — AH Realty Trust (NYSE: AHRT), a Virginia Beach-based real estate investment trust (REIT) that changed its name from Armada Hoffler two weeks ago, has agreed to sell 11 of its 14 apartment properties to Norfolk-based Harbor Group International LLC for $562 million in an all-cash transaction. The deal marks an effort by AH Realty to pivot away from the multifamily sector. Harbor Group has provided a $15 million nonrefundable deposit for the transaction, which the companies say is not contingent on financing. The portfolio sale is expected to close in mid‑2026, subject to customary closing conditions. “HGI is acquiring a strong, stable portfolio that has served our company well,” says Shawn Tibbetts, chairman, president and CEO of AH Realty Trust. “By realizing the value of these assets, AH Realty Trust is able to simplify our business, strengthen our balance sheet and continue executing our strategy with clarity and purpose.” According to multiple media outlets, including the Baltimore Business Journal, the assets in the portfolio include: AH Realty Trust will retain Smith’s Landing, a five-story, 284-unit property in Blacksburg, Va. The firm will also keep The Everly and Solis Gainesville in Gainesville, Ga., with the intention…

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Marcus & Millichap Brokers Sale of Metro Atlanta Restaurant Leased to 7 Brew

Abby Cox — Fri, 13 Mar 2026 13:10:22 +0000

FLOWERY BRANCH, GA. — The Taylor McMinn Retail Group, a retail investment sales team within Marcus & Millichap, has brokered the sale of a restaurant in Flowery Branch leased to 7 Brew, a drive-thru coffee concept based in Arkansas. Don McMinn and Andrew Koriwchak of Taylor McMinn represented the seller, a repeat developer for the 7 Brew chain, and the all-cash local buyer, in the transaction. Both parties requested anonymity. 7 Brew has 14 years remaining on its ground lease, which features rental increases in the initial term, as well as extension options. “This marks our second sale within the multi-parcel development in Flowery Branch,” says McMinn. “The property traded at 99 percent of the asking price after receiving an accepted offer within one week of listing. The transaction highlights the continued investor demand for lower rent and lower price-point assets, as well as the momentum behind the drive-thru coffee kiosk concept.”

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How Mixed-Use Is Evolving in North Georgia

John Nelson — Fri, 13 Mar 2026 12:05:00 +0000

Mixed-use development across the Southeast continues to change and evolve. What was once as straightforward as building residential apartments located above a street-level retail component has become something far more sophisticated and intentional. Today’s mixed-use communities offer integrated, experience-driven environments where all elements of living, working, shopping, dining and recreation are thoughtfully curated, with connectivity as a primary focus. The North Georgia region, located approximately 40 miles north of Atlanta, is where residential demand is rising, incomes are growing and consumer preferences are changing. As these trends converge, developers seek the opportunity to create true neighborhood hubs in the area. The Crossing at Coal Mountain, located in Forsyth County, is a new 140-acre mixed-use destination by Atlantic Residential that reflects how development strategies are evolving in response to these market shifts. The project will feature walkable streets, activated green spaces, local dining, daily lifestyle services and a carefully programmed retail plaza alongside luxury homes being developed in partnership with national homebuilder Toll Brothers. Each of the project’s planned elements is designed to support a true live-work-play environment. Phase I of the project’s retail district is on track to open this year, positioning the development to contribute to the region’s broader…

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