Georgia Archives - REBusinessOnline

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.

The post Partners Capital Acquires 261,949 SF Powers Ferry Business Park in Atlanta appeared first on REBusinessOnline.

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…

The post Grady Health System Plans $1B Medical Campus in South Atlanta Suburb appeared first on REBusinessOnline.

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.

The post Onward Takes Ownership of 306,000 SF Office Property in Alpharetta appeared first on REBusinessOnline.

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.

The post Toro Breaks Ground on 301-Unit Apartment Community at Cumming City Center in Metro Atlanta appeared first on REBusinessOnline.

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.

The post Sage Expands Office Footprint at Ponce City Market in Atlanta appeared first on REBusinessOnline.

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…

The post AH Realty Trust Agrees to Sell 11-Property Multifamily Portfolio to Harbor Group for $562M appeared first on REBusinessOnline.

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.”

The post Marcus & Millichap Brokers Sale of Metro Atlanta Restaurant Leased to 7 Brew appeared first on REBusinessOnline.

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…

The post How Mixed-Use Is Evolving in North Georgia appeared first on REBusinessOnline.

Foundry Acquires Five Seniors Housing Communities in Georgia, Florida

John Nelson — Thu, 12 Mar 2026 13:24:11 +0000

ORLANDO, FLA. — Foundry Commercial, a commercial real estate services firm, developer and investor based in Orlando, has acquired five seniors housing communities in Georgia and Florida. Totaling 320 units, the portfolio comprises two communities in Warner Robins and Boynton Ridge, Ga., and three communities in Jacksonville, Titusville and Plant City, Fla. Allegro Living Management, an affiliate of Foundry, will operate the portfolio under the Alto brand. Each community features 44 assisted living units and 20 memory care units and has an average vintage age below five years, according to Foundry. Blueprint Healthcare Real Estate Advisors represented the undisclosed seller, a regional development firm, in the transaction. The sales price was also not disclosed.

The post Foundry Acquires Five Seniors Housing Communities in Georgia, Florida appeared first on REBusinessOnline.

Yamaha Motor Co. to Move U.S. Headquarters to Kennesaw, Georgia

John Nelson — Wed, 11 Mar 2026 13:58:19 +0000

KENNESAW, GA. — Yamaha Motor Co. Ltd. has announced plans to move its U.S. headquarters to the northern Atlanta suburb of Kennesaw after nearly 50 years of operation in Cypress, Calif. Yamaha Motor, which manufactures ATVs, boat engines, jet skis and other motorized products, has a strong presence in Georgia already. The Japanese-based company employs 2,300 Georgians at its 1.3 million-square-foot factory in Newnan and its marine and motorsports divisions in Kennesaw, which includes the 75,000-square-foot Marine Innovation Center that opened in 2023. Yamaha Motor Co. will begin its corporate relocation from California to Kennesaw this year and complete the process in 2028.

The post Yamaha Motor Co. to Move U.S. Headquarters to Kennesaw, Georgia appeared first on REBusinessOnline.

Third & Urban Unveils Renovation Plans for Atkins Park Retail Cluster in Atlanta

John Nelson — Wed, 11 Mar 2026 13:54:36 +0000

ATLANTA — Locally based Third & Urban has unveiled renovation plans for the Atkins Park Collection, a 61,120-square-foot retail portfolio located in Atlanta’s Virginia-Highland neighborhood. Third & Urban purchased the first phase of the Atkins Park Collection in December 2024, which totals 35,370 square feet along North Highland and St. Charles avenues. The firm acquired the second phase, which includes Neighbors, City Church and infill pieces of the block between Greenwood and St. Charles avenues, in September 2025. In partnership with the Virginia Highland District, Third & Urban is planning more than $3 million in building and streetscape improvements for the retail shops. The firm recently completed improvements to the 842 North Highland building, which included new signage, railings and upgraded light fixtures, as well as a new front stair entry and mural. Future building upgrades for 780 North Highland will include updated facades, the addition of an indoor-outdoor courtyard with several retail suites and new food-and-beverage tenants. Construction will begin in late spring. Shelbi Bodner and Lexi Ritter of Bridger Properties will handle retail leasing for the property.

The post Third & Urban Unveils Renovation Plans for Atkins Park Retail Cluster in Atlanta appeared first on REBusinessOnline.

Sands Investment Group Brokers $23.4M Sale of Kroger-Anchored Center in Metro Atlanta

John Nelson — Tue, 10 Mar 2026 14:04:05 +0000

LAWRENCEVILLE, GA. — Sands Investment Group has brokered the $23.4 million sale of River Exchange Shopping Center, a 273,023-square-foot, Kroger-anchored shopping center located in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Liam Rowan and Tyler Baughman of Sands represented the seller, a joint venture between BASH Capital, Dragonfly Investments and Baltimore-based America’s Realty LLC, and the buyer, an entity doing business as Vishal River Exchange LLC, in the transaction. SouthState Bank provided acquisition financing. River Exchange was 80 percent leased at the time of sale to tenants including Goodwill, ReStore, Citi Trends, Cato Fashions, Farmers Furniture, Subway, Riverside Pizza and Cosmetic Dental.

The post Sands Investment Group Brokers $23.4M Sale of Kroger-Anchored Center in Metro Atlanta appeared first on REBusinessOnline.

Alliance Residential Acquires Land Near Battery Atlanta, Plans 300-Unit Multifamily Development

Abby Cox — Fri, 06 Mar 2026 13:53:08 +0000

ATLANTA — Alliance Residential has acquired nearly 3.7 acres in Atlanta’s Vinings/Smyrna submarket near The Battery Atlanta, the mixed-use village surrounding Truist Park, home of the Atlanta Braves. The Arizona-based developer is planning to develop Broadstone Lola, a 300-unit luxury apartment community, on the site. Designed by locally based Brock Hudgins Architects, Broadstone Lola will offer one- and two-bedroom floorplans ranging in size from 600 to 1,100 square feet. Along with a Parisian-inspired aesthetic, Broadstone Lola will feature amenities such as a resort-style saltwater swimming pool with a landscaped deck with grills, a grab-and-go market, fitness center, gaming lounge, clubroom with an indoor fireplace, private work spaces, conference room, pet spa and a secured parking garage with electric vehicle charging stations and dedicated bike storage. Alliance Residential expects to begin welcoming residents to Broadstone Lola in the summer of 2027.

The post Alliance Residential Acquires Land Near Battery Atlanta, Plans 300-Unit Multifamily Development appeared first on REBusinessOnline.

Atlantic Cos. Secures Construction Financing, Breaks Ground on Mixed-Use Project in Roswell, Georgia

John Nelson — Thu, 05 Mar 2026 14:27:37 +0000

ROSWELL, GA. — The Atlantic Cos. has secured construction financing and commenced construction on Hillrose Market, a seven-acre mixed-use development in downtown Roswell, a northern suburb of Atlanta. The financing included debt from SouthState Bank and a revenue bond issued by the Roswell Downtown Development Authority. Patterson Real Estate Advisory Group arranged the financing. Located adjacent to City Hall with a walking trail connection to the city’s Canton Street district, Hillrose Market will comprise a six-building, 75,000-square-foot retail village surrounding a central greenspace, as well as an office building dubbed 25 Hill along Atlanta Street and an adaptive reuse of the former Roswell Police Department dubbed Station 37 that will feature ground-floor retail space and a second-level workplace. The overall development will also include 143 luxury rental flats and 16 two-story brownstone townhomes. Atlantic Cos. plans to deliver the project in the second half of 2027. The design-build team includes ASD | SKY (architect), Westbridge (commercial consultant), New South Construction Co. (general contractor), Kimley-Horn (civil engineer) and Crosby Design Group (interior design for the multifamily component). Bridger Properties is handling the development’s retail leasing assignment, and Cushman & Wakefield is handling office leasing.

The post Atlantic Cos. Secures Construction Financing, Breaks Ground on Mixed-Use Project in Roswell, Georgia appeared first on REBusinessOnline.

ECI Group Sells 260-Unit Apartment Community in McDonough, Georgia

John Nelson — Thu, 05 Mar 2026 14:18:03 +0000

MCDONOUGH, GA. — ECI Group has sold The Corwyn South Point Apartments, a 260-unit community located at 1000 Columns Drive in McDonough, a southern suburb of Atlanta. Morgan Properties purchased the property for an undisclosed price. David Gutting of Newmark represented the seller in the transaction. The Corwyn South Point features one-, two- and three-bedroom apartments. Amenities include a 2,000-square-foot clubhouse with a kitchen, fitness center with a dedicated yoga/spin room and a gathering room featuring a lounge, fireplace, TV and media center with a gaming area. Outdoor amenities include a resort-style pool with sun shelf and deck, grilling and fire pit areas, landscaped courtyard with a bocce ball court and a dog park and pet wash station.

The post ECI Group Sells 260-Unit Apartment Community in McDonough, Georgia appeared first on REBusinessOnline.

Why Bankruptcy Is Still Catching Lenders Off Guard

John Nelson — Tue, 03 Mar 2026 12:24:00 +0000

The commercial real estate industry has spent the past two years bracing for the next wave of loan losses as elevated interest rates collided with loan maturities. Instead of a wave of payoffs, many loans are still working through extensions and modifications while asset values are being deliberated. Lenders know how to model foreclosure risk. Bankruptcy risk? That’s where the real losses hide. A Class A asset with Class C governance is a Class C risk. Foreclosure risk can be modeled. Expected losses predicted. Timelines are known by state. Recovery assumptions can be debated. Cash flows stress tested and ultimately approved by a committee. Even when outcomes are unpleasant, they are at least visible, quantifiable and expected. Bankruptcy is different — and far more dangerous for lenders. The gap between foreclosure and bankruptcy is where some of the largest loan losses are being created, and painful lessons learned. Counterintuitively, bankruptcy risk runs higher in non-judicial states like Georgia, where 60-day foreclosures create incentive for borrowers to file. In longer-timeline states like New York, foreclosures can stretch 18 months, giving borrowers the luxury of time. Those foreclosure timelines are generally well known and accepted by both sides, which makes outcomes predictable.…

The post Why Bankruptcy Is Still Catching Lenders Off Guard appeared first on REBusinessOnline.

JLL Signs Four New Tenants to Join Collection at Forsyth Project in Cumming, Georgia

Abby Cox — Mon, 02 Mar 2026 14:35:44 +0000

CUMMING, GA. — JLL has signed four new tenants to leases at The Collection at Forsyth, a 565,000-square-foot mixed-use lifestyle center located in Cumming, a north Atlanta suburb. Sherri Wilson of JLL handles leasing efforts on behalf of the owner, CTO Realty Growth (CTO). Civil engineer firm Kimley-Horn will open a 16,500-square-foot office at the property, while real estate brokerage firm Berkshire Hathaway HomeServices Georgia Properties will operate a 4,002-square-foot space. Warby Parker will debut a 1,200-square-foot storefront, and The Cheesecake Factory will open a smaller-format restaurant (roughly 6,500 square feet) that will backfill a former Wild Wings Café. Other recent additions to The Collection at Forsyth include Sephora, Kilwins, BODYROK, The PICKLR, J. Crew Factory, Pandora, Build-A-Bear Workshop, Rocket Fizz Soda Pop and Candy Shop, Giggle Town, Dermani Medspa, Bahama Buck’s, True Rest Float Spa, Le Macaron, Spavia, F45 Training, Woof Gang Bakery and Master Jewelers. The Collection at Forsyth is 95 percent leased, with all remaining tenants expected to open this year.

The post JLL Signs Four New Tenants to Join Collection at Forsyth Project in Cumming, Georgia appeared first on REBusinessOnline.

Thompson Thrift to Develop 300-Unit Multifamily Community in Dacula, Georgia

Abby Cox — Fri, 27 Feb 2026 14:03:20 +0000

DACULA, GA. — Indiana-based Thompson Thrift will develop Lineage, a 300-unit multifamily project in Dacula, an Atlanta suburb in Gwinnett County. The development will be capitalized with equity from Thompson Thrift’s 2026 Multifamily Development LP fund, while PNC Bank will provide construction financing for the project. Lineage marks Thompson Thrift’s 100th multifamily community to be developed nationwide. Spanning nearly 15 acres at the Harbins Road and Ga. State Route 316 interchange, Lineage will comprise four-story buildings with one-, two- and three-bedroom floorplans. Select homes will feature private patio, balcony and yard options, as well as detached garages, high-speed internet access and an Amazon package hub. Amenities will include a golf simulator, swimming pool, fitness center, pickleball court, lounges, coworking and conference space, a dog park, pet spa, outdoor firepits and grilling areas, event space and landscaped courtyards. Additionally, more than 9,500 square feet of street-level retail space will be designed with outdoor seating, “play” space and a designated area for outdoor concerts.

The post Thompson Thrift to Develop 300-Unit Multifamily Community in Dacula, Georgia appeared first on REBusinessOnline.

New York Life Taps Jamestown to Pursue NHL Stadium for North Point Mall Redevelopment in Metro Atlanta

Hayden Spiess — Thu, 26 Feb 2026 17:41:47 +0000

ALPHARETTA, GA. — New York Life Insurance Co. is underway on plans to redevelop North Point Mall in Alpharetta, a suburb roughly 30 miles north of Atlanta. Jamestown has been tapped by New York Life to pursue the redevelopment entitlements for the development. The Atlanta-based firm, which manages the nearby Avalon mixed-use development following its acquisition of the Atlanta-based holdings and listings of North American Properties in 2024, will also oversee property management for North Point Mall effective March 1. Plans for the project include transforming the mall into a sports-anchored, mixed-use entertainment district. The redevelopment will position the 100-acre property to potentially host a National Hockey League (NHL) franchise expansion into the Atlanta metro area. “We think this is a great location for an NHL team and, hopefully, our efforts will attract an owner who wants to acquire an expansion team and bring hockey back to Atlanta,” says Tim Perry, chief investment officer at Jamestown. “The site is well-positioned for redevelopment and to accommodate event and game day traffic associated with an NHL hockey arena.” Machete Group, a Houston-based advisory firm specializing in developing and operating sports venues, will partner with Jamestown to guide the redevelopment. “We’re looking forward to…

The post New York Life Taps Jamestown to Pursue NHL Stadium for North Point Mall Redevelopment in Metro Atlanta appeared first on REBusinessOnline.

JLL Arranges Sale of 299-Acre Westin Hotel and Resort in Savannah

John Nelson — Thu, 26 Feb 2026 14:48:42 +0000

SAVANNAH, GA. — For the third time in 10 years, JLL has arranged the sale of the Westin Savannah Harbor Golf Resort & Spa, a 299-acre hospitality property located adjacent to the newly expanded Savannah Convention Center on Hutchinson Island. Andrew Dickey, Maciej Polek and Derek Hayden of JLL represented the undisclosed seller in the transaction. Hersha Hotels and Resorts, a KSL portfolio company, purchased the resort for an undisclosed price. In addition to 403 guestrooms, the Westin Savannah Harbor Golf Resort & Spa features more than 51,800 square feet of indoor and outdoor meeting venues, five food-and-beverage outlets, an 18-hole championship golf course designed by Robert Cupp and Sam Snead, the 17-room Heavenly Spa by Westin, a resort-style pool with river views, tennis and pickleball facilities and an 18-hole disc golf course.

The post JLL Arranges Sale of 299-Acre Westin Hotel and Resort in Savannah appeared first on REBusinessOnline.