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Duracell Opens Regional Office at Science Square Labs in Midtown Atlanta

Abby Cox — Fri, 09 Oct 2026 13:38:54 +0000

ATLANTA — The Duracell Co. has relocated its Global Headquarters for Research and Development to Science Square Labs, a 368,213-square-foot laboratory and office tower in Midtown Atlanta. Duracell’s relocation from Bethel, Conn., stems from a multi-year initiative first announced by Georgia officials in February 2025. The project represents a $56 million investment and is projected to generate 100 new jobs in the state. The facility is officially open and operational following a ribbon-cutting ceremony attended by Mayor Andre Dickens. The Atlanta center serves as Duracell’s global innovation hub, where scientists and engineers work across materials science, cell design, laboratory prototyping and device characterization to advance battery performance, quality and safety. Phase I of Science Square, which is anchored by the 13-story Science Square Labs, was delivered in 2025. At full build-out, the district’s master plan allows for approximately 1.8 million square feet of lab and office space, 500 residences and 25,000 square feet of retail space. Additional tenants at Science Square Labs include Georgia Tech and Emory biomedical engineering faculty labs, a Shriners Children’s research institute and utility infrastructure services company Osmose. Science Square Labs is developed and owned by the Trammell Crow Company (TCC) in a joint venture with Georgia…

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Northwood Ravin Launches Leasing at Publix-Anchored Student Housing Development in Athens, Georgia

John Nelson — Thu, 08 Oct 2026 14:46:13 +0000

ATHENS, GA. — Northwood Ravin has launched leasing at Magnolia, a 179-unit “student-focused apartment community” underway at the intersection of Broad Street and Milledge Avenue in downtown Athens, which sits adjacent to University of Georgia’s (UGA) North Campus. In addition to studio, one-, two- and three-bedroom apartments, the development will feature a Publix grocery store that represents the first national grocer to operate in downtown Athens, according to the Charlotte-based developer. Magnolia will also include indoor and outdoor amenities for residents, including coworking space with a coffee bar; a wellness lounge; pool and courtyard with cabanas, a double jacuzzi, jumbotron, putt-putt course and multiple grilling stations; game room; and a modern fitness center with two private training and wellness studios. Northwood Ravin expects to open Magnolia ahead of UGA’s 2027-28 school year.

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Hines Acquires 99 West Paces Apartments in Atlanta for $240M

John Nelson — Wed, 07 Oct 2026 15:20:22 +0000

ATLANTA — Houston-based Hines has announced that Hines Global Income Trust Inc. (HGIT) has purchased 99 West Paces, a 312-unit luxury apartment tower in Atlanta’s Buckhead district. The seller and sales price for 99 West Paces were not disclosed, but Atlanta Business Chronicle reports that the 13-story apartment property traded for approximately $240 million. The buyer’s affiliate property management firm Hines Living will operate the luxury community, which was 95 percent occupied at the time of sale. Built in 2023, 99 West Paces features one-, two- and three-bedroom apartments, as well as some penthouse units, a wellness club and fitness center, pet spa, coworking spaces and a sky lounge. The property fronts West Paces Ferry Road and is within walking distance to a Whole Foods Market, Buckhead Village and Buckhead Theatre. Michael Harrison and Vikram Mehra of Hines’ U.S. Sunbelt team led the acquisition, which represents Hines’ first acquisition in the Atlanta market. The acquisition of 99 West Paces was part of a $500 million announcement that also included HGIT’s purchase of Bishop Arts Portfolio in Dallas and Castings Commerce Center in Columbus, Ohio.

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Shimizu North America Delivers $69M Toyota Electronics Manufacturing Facility in Pendergrass, Georgia

Abby Cox — Mon, 05 Oct 2026 13:31:37 +0000

PENDERGRASS, GA. — Atlanta-based international general contracting and design-build firm Shimizu North America has opened a new Toyota Industries Electric Systems North America (TESNA) manufacturing facility in Pendergrass, about 57 miles northeast of Atlanta via I-85. The 200,000-square-foot facility represents a $69 million investment and is projected to create more than 250 new jobs in Jackson County. The new facility is part of a larger Toyota Industries Group shared campus that houses sibling manufacturing affiliates including TD Automotive Compressor Georgia (TACG), Toyota Industries Compressor Parts America (TICA) and Toyota Industries Electric Systems (TIES). The new plant serves as the TIES North America – Georgia (TIESNA-GA) Electric Division and focuses on manufacturing automotive DC-DC converters designed to scale high-voltage vehicle battery power down to lower voltages to safely power auxiliary equipment. TIESNA Georgia is a subsidiary of Japan’s Toyota Industries Group.

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Crescent Real Estate Sells Hotel at Avalon in Alpharetta, Georgia for $220M

John Nelson — Thu, 01 Oct 2026 13:09:58 +0000

ALPHARETTA, GA. — Crescent Real Estate LLC has sold The Hotel at Avalon, a 330-room hotel within the Avalon mixed-use campus in Alpharetta, a northern suburb of Atlanta. A joint venture featuring Austin-based Endeavor Real Estate Group purchased the hotel for $220 million, according to Atlanta Business Chronicle. Fort Worth, Texas-based Crescent has owned the hotel, which was delivered in 2018, since September 2020. Eastdil Secured represented Crescent in the disposition. HEI Hotels & Resorts was The Hotel at Avalon’s previous operator.

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Marcus & Millichap Brokers Sale of New McDonald’s Restaurant in Ringgold, Georgia

John Nelson — Thu, 01 Oct 2026 13:00:16 +0000

RINGGOLD, GA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a newly built McDonald’s restaurant located in Ringgold, a Georgia suburb of Chattanooga, Tenn. The restaurant was delivered earlier this year and features a 20-year lease with 7.5 percent rent increases in the initial term and extension options. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group brokered the transaction. An all-cash buyer purchased the restaurant from the seller, a repeat developer of McDonald’s, in a 1031 exchange. The sales price was not disclosed. “Lower-priced, well-located properties with strong credit continue to command aggressive pricing despite market challenges,” says McMinn. “We secured an offer within 48 hours and closed near list price — proof that price point matters as much as credit in today’s market.”

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Connolly Unveils First Wave of Tenants at Publix-Anchored Shopping Center in Metro Atlanta

Abby Cox — Mon, 28 Sep 2026 14:12:10 +0000

WOODSTOCK, GA. — Connolly has unveiled its first wave of tenants at Woodstock Mill District, a 118,000-square-foot shopping center underway in downtown Woodstock, roughly 30 miles northwest of Atlanta. Woodstock Mill District is now 79 percent leased, and tenants are expected to occupy the buildings this fall to prepare for an opening in early 2027. Woodstock Mill District encompasses an 11-acre new development site, as well as an existing 28,000-square-foot retail center that Connolly purchased in 2021 for $4 million. A 46,791-square-foot, freestanding Publix will anchor the new portion, which also features six one- and two-story buildings ranging up to 13,750 square feet in size. In addition to Publix, the tenant roster will include Sydel’s Coffee, Three Dollar Café, Super Chix Chicken & Custard, Club Pilates, Petfolk Veterinary & Urgent Care, E’s Barber Shop, Dentists at Woodstock Mill and Allure Nail Bar. Nine spaces remain available, including a freestanding restaurant building. The 28,000-square-foot strip center, formerly known as Towne Lake Plaza, sits adjacent to the new build and is occupied by three tenants: The Blue Ghost Arcade, Maxwell’s Cigar Bar and Dive Georgia. Tin Drum Asian Kitchen & Boba Tea Bar and barre3 will soon join the tenant lineup of redeveloped…

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Piedmont Healthcare to Invest $600M to Relocate Hospital in Covington, Georgia

Abby Cox — Fri, 25 Sep 2026 12:47:16 +0000

COVINGTON, GA. — Piedmont Healthcare has filed a Letter of Determination with the Georgia Department of Community Health whereby the health system plans to invest nearly $600 million to relocate Piedmont Newton Hospital to a new site located directly off I-20. The current Newton County hospital is roughly two miles closer to the heart of Covington. Piedmont Healthcare is fully funding the project. Originally opened in 1954 as Newton Medical Center, the existing hospital is licensed for 128 beds. Piedmont partnered with Newton Medical Center to form Piedmont Newton in 2015. Piedmont says that the existing hospital is limited by its age and its landlocked site, whereas the planned relocation facility will facilitate modernization efforts. If approved, the new hospital would be Piedmont’s second-largest capital investment after the Marcus Tower that opened on its Piedmont Atlanta Hospital campus in 2020, according to the company.

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JLL Arranges $102M in Financing for Four-Property Industrial Portfolio Spanning Three States

Abby Cox — Mon, 21 Sep 2026 13:42:30 +0000

NEW YORK — JLL Capital Markets has arranged a $102 million loan to finance a four-property industrial portfolio spanning Georgia, Florida and South Carolina. Peter Rotchford, Steven Binswanger and Lucas Borges of JLL secured the loan through Canadian Imperial Bank of Commerce (CIBC) on behalf of the borrower, SkyREM. The portfolio, which totals 1.9 million square feet, is currently fully leased to six tenants with a weighted average lease term of more than six years.

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Crescent Communities Opens 300-Unit Multifamily Community in Douglasville, Georgia

Abby Cox — Mon, 21 Sep 2026 13:39:16 +0000

DOUGLASVILLE, GA. — Crescent Communities has opened NOVEL Douglasville, a 300-unit multifamily community located in Douglasville, roughly 20 miles west of Atlanta. The new complex is situated within The Trails mixed-use development and sits adjacent to Great Point Studios’ 500,000-square-foot film studio anchored by Lionsgate. NOVEL Douglasville consists of five four-story buildings that feature one-, two- and three-bedroom floorplans. Monthly rental rates begin at $1,500, according to Apartments.com. Amenities include a resort-style swimming pool; pond overlook with grills, a fire pit and seating; open-air event and game lawn; clubroom with a TV, full kitchen and covered porch with an outdoor fireplace; fitness center; coffee café and coworking space; and a dog park, dog wash stations and private, dog-friendly areas. As part of The Trails, NOVEL Douglasville also offers residents access to 60,000 square feet of commercial, office, retail and hotel space, all connected by walking paths. Financial partners for NOVEL Douglasville include Canadian Imperial Bank of Commerce (CIBC), Great Southern Bank and Phoenix Capital Management LLC. Affiliate firm Crescent Communities Construction served as the general contractor for the project.

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Sagard Real Estate Purchases 400,800 SF Industrial Property in West Atlanta

Abby Cox — Fri, 18 Sep 2026 13:59:16 +0000

ATLANTA — Sagard Real Estate has acquired 5070 Phillip Lee Drive SW, a 400,800-square-foot industrial property located in Atlanta. The seller was SkyREM, according to multiple media sources. The purchase price was not disclosed. The four-building industrial property is fully leased to Kittrich, which manufactures and distributes rug underlays, non-slip products, bath mats and related home goods. The tenant has occupied the property for more than 20 years. Situated on the city’s westside between I-20 and I-285, the property features 48 dock-high doors, two ramped drive-in doors, deep truck courts and multiple points of ingress and egress.

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Park Bench to Open Music Venue at $5B Centennial Yards Development in Atlanta

Abby Cox — Fri, 18 Sep 2026 13:55:03 +0000

ATLANTA — Live music and dueling piano bar Park Bench has signed a lease to open a new venue at Centennial Yards, a $5 billion mixed-use development underway in downtown Atlanta and the operator’s second venue in the city. The new Park Bench will be situated within the 7.5-acre “Entertainment District,” which will also include a 5,300-seat Live Nation venue, the interactive Cosm attraction that opened this summer and the Virgin Hotel. Park Bench’s newest location will sit between and adjacent to Mercedes-Benz Stadium and State Farm Arena. CIM Group and its affiliate firm Centennial Yards Co. are the master developers behind the project, which is transforming a 50-acre site in the heart of downtown formerly known locally as “The Gulch.” Known for its dueling pianos, live cover bands, DJ sets and themed karaoke nights, Park Bench first established its presence in Buckhead, where it has served patrons for 27 years.

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JLL Arranges $154.1M in Financing for Six-Property Retail Portfolio Spanning Three States

Amy Works — Fri, 18 Sep 2026 13:19:19 +0000

CALIFORNIA — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia. Chris Drew, John Marshall, Wells Waller, Jarrod Howard, Gabriel Davenport and Preston Bacon of JLL Capital Markets secured financing for the borrowers, Kimco Realty Corp. and an institutional joint venture partner, through institutional investors advised by J.P. Morgan Asset Management. The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, Calif., Vail Ranch Plaza and Redhawk Towne Center in Temecula, Calif.; North Decatur Station in Decatur, Ga.; and The Summit at Scottsdale in Scottsdale, Ariz. The portfolio is 99 percent occupied with a 4.6-year weighted average lease term and features grocery anchors, including Costco, Walmart, Whole Foods Market, Sprouts Farmers Market and Safeway. National tenants occupy approximately 76 percent of the portfolio’s gross leasable area, with 46 percent of the tenant roster comprising investment-grade credit.

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Joint Venture Delivers 686,400 SF Speculative Industrial Park in Buford, Georgia

Abby Cox — Fri, 11 Sep 2026 13:15:33 +0000

BUFORD, GA. — A joint venture between Trammell Crow Co. and a consortium led by CBRE Japan has delivered Buford Creek Business Center, a three-building, 686,400-square-foot speculative industrial park located in Buford, a northeast suburb of Atlanta in Gwinnett County. Building 100 at Buford Creek Business Center is a 349,440-square-foot cross-dock warehouse with 40-foot clear heights and 64 trailer parking spaces. Buildings 200 and 300, which are both rear-load buildings, each total 168,400 square feet and include 36-foot clear heights with 40 and 24 trailer parking spots, respectively. Todd Barton, Mark Hawks, Joanna Blaesing and Matt Higgins of CBRE are leasing the project on behalf of ownership. The project team included architect Atlas Collaborative and general contractor The Conlan Co.

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Atlantic Capital Brokers $48.2M Sale of Publix-Anchored Shopping Center in Columbus, Georgia

John Nelson — Tue, 08 Sep 2026 14:08:21 +0000

COLUMBUS, GA. — Atlantic Capital Partners has brokered the $48.2 million sale of Cross Country Plaza, a 304,735-square-foot shopping center located in Columbus. Anchored by Publix since 2011, the property was 95 percent leased at the time of sale to tenants including T.J. Maxx, Burlington and 2nd & Charles. Fred Victor of Atlantic Capital represented the seller, Richmond-based Hackney Real Estate Partners, in the transaction. The buyer, Brasswater Inc., a real estate investment firm based in Montreal, has retained Kathy Ward and Shelley Jordan Bell of Atlantic Capital to lease Cross Country Plaza, according to a Facebook post made by the company.

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American Healthcare REIT Acquires Eight Seniors Housing Communities for $696M

Matthew Auchincloss — Thu, 03 Sep 2026 12:00:00 +0000

IRVINE, CALIF. — American Healthcare REIT Inc. (NYSE: AHR) has acquired eight senior housing communities in six states for $696 million. The properties, which collectively comprise 867 units and were built between 2020 and 2022, are located in Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware and Georgia. Newmark acted as AHR’s real estate advisor for the transaction. While there were multiple sellers, all eight properties were marketed together. AHR purchased 10 communities all together but assigned the purchase and sale agreements of two properties to another institutional investor. “This series of transactions is an example of disciplined capital allocation supported by strong execution,” says Jeff Hanson, chairman and CEO of AHR. “We understood that only a solution for all 10 communities would clear the market. Rather than either walking away from a highly strategic opportunity or compromising our capital allocation discipline to secure it, we constructed a solution that required neither.” The purchase gives the Irvine-based company a larger presence in the Northeastern seniors housing market. The Northeast properties in the portfolio are located primarily in wealthy suburban markets such as Philadelphia’s Main Line, Westport, Conn., and suburban Boston. AHR is strengthening this newfound foothold via a new operating relationship with Massachusetts-based LCB…

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Cushman & Wakefield Arranges $72M Refinancing for Two Adjacent Shopping Centers in Sandy Springs, Georgia

John Nelson — Wed, 02 Sep 2026 12:25:39 +0000

SANDY SPRINGS, GA. — Cushman & Wakefield has arranged a $72 million loan on behalf of locally based owner-operator Jamestown LP for the refinancing of two adjacent shopping centers in metro Atlanta. Totaling more than 340,000 square feet in Sandy Springs, the properties include Parkside Shops (158,400 square feet) and Hammond Exchange (176,000 square feet). A 49,506-square-foot Whole Foods Market anchors the centers, which share a footprint of about 25 acres. Additional tenants include Marshalls, HomeGoods, Petco and The Springs Cinema & Taphouse. John Alascio, Alex Hernandez, Alex Lapidus, Mitch Rothstein, Nick Scibelli and Mark Gilbert of Cushman & Wakefield secured the floating-rate loan through accounts managed by KKR on behalf of Jamestown.

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Corvant Signs 113,865 SF Industrial Lease in Douglasville, Georgia

John Nelson — Wed, 02 Sep 2026 12:19:19 +0000

DOUGLASVILLE, GA. — Corvant, an HVAC and mechanical plumbing manufacturer, has signed a full-building lease at LogistiCenter at Bright Star, a 113,865-square-foot industrial facility in Douglasville, a western suburb of Atlanta. The landlord, Dermody, recently delivered the rear-load facility, which features 32-foot clear heights, a 60-foot speed bay, 28 dock-high doors, two drive-in doors, approximately 90 automobile parking spaces and ESFR fire protection. Mason Marsteller of Hughes Commercial Real Estate represented Dermody in the lease negotiations. Angie Henry of The Realty Group represented Corvant.

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Walmart to Open 1.5 MSF Fulfillment Center, Invest $1.3B in Northeast Georgia

Kristin Harlow — Wed, 02 Sep 2026 12:00:00 +0000

CARNESVILLE, GA. — Walmart Inc. (NASDAQ: WMT) has unveiled plans to build a fulfillment center in Carnesville, a city located about 85 miles from Atlanta in northeast Georgia. The project, which is expected to create 1,000 new jobs, comes as part of a larger, $1.3 billion capital investment in Franklin County. The 1.5 million-square-foot automated facility will be located within Franklin 85 Logistics Center. Construction is expected to begin later this year. According to Walmart, the company’s next-generation fulfillment centers are located in strategic markets to expand same-day and next-day shipping capabilities across the country. “As customer expectations continue to evolve, investments like our new fulfillment center in Carnesville help us deliver the speed, convenience and reliability customers count on,” says Karisa Sprague, senior vice president of supply chain for Walmart U.S. The Georgia Department of Economic Development worked on the project in partnership with the Franklin County Industrial Building Authority, Georgia EMC and Georgia Quick Start. The Arkansas-based retail giant’s presence in Georgia includes 209 Walmart stores and Sam’s Clubs as well as 11 supply chain facilities employing more than 65,300 associates across the state. With fiscal year 2026 revenue of $713 billion, Walmart employs approximately 2.1 million associates…

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JLL Arranges Sale of 10.5 MSF Southeast Industrial Portfolio for EQT Real Estate

John Nelson — Tue, 01 Sep 2026 14:22:51 +0000

CHICAGO — JLL has arranged the sale of a 10.5 million-square-foot industrial portfolio in the Southeast. EQT Real Estate is selling the 46-building portfolio to an affiliate of California-based LBA Realty for an undisclosed price. John Huguenard, Trent Agnew, Will McCormack and Tara Hagerty of JLL represented the seller in the transaction. Additionally, Kevin MacKenzie, Peter Thompson, Steven Klein and Chris Pratt of JLL arranged an undisclosed amount of acquisition financing through two national banks for the buyer. The sold portfolio features properties in 10 separate markets, including Charlotte and Greensboro, N.C.; Greenville-Spartanburg, S.C.; Atlanta and Savannah, Ga.; Tampa, Orlando and Jacksonville, Fla.; and Birmingham and Huntsville, Ala. The logistics facilities in the portfolio average 230,000 square feet in size, according to JLL.

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