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Centurion Foundation Acquires Northlake Mall in Metro Atlanta for $95M, Plans Expansion for Emory Healthcare

Abby Cox — Mon, 20 Jul 2026 14:19:33 +0000

TUCKER, GA. — Centurion Foundation, an independent nonprofit organization that specializes in real estate and financing solutions for the healthcare and higher education sectors, has acquired Northlake Mall, a nearly 1 million-square-foot shopping center in the Atlanta suburb of Tucker, from Dallas-based ATR Corinth Partners. Following the $95 million acquisition, Northlake Mall will be transformed into an expanded campus for Emory Healthcare. Emory has leased approximately 274,000 square feet of space at the mall for administrative and clinical operations since 2019 and will soon lease most of the property. The sale includes the main mall structure, as well as Emory’s existing offices on the campus and an adjacent building occupied by Macy’s, which will close this year. The acquisition did not include the former JCPenney site that has remained vacant since the department store closed in 2020. Centurion Foundation also has approval to issue additional financing to support future development of the campus, providing long-term flexibility as Emory’s programming needs evolve over time. ATR Corinth Partners acquired the majority of the Northlake Mall campus in 2016 from Indianapolis-based mall giant Simon Property Group. The mall dates back to 1971.

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Marcus & Millichap Brokers $2.9M Sale of Neighborhood Retail Center in Fairburn, Georgia

Abby Cox — Fri, 17 Jul 2026 13:21:01 +0000

FAIRBURN, GA. — Marcus & Millichap has brokered the $2.9 million sale of the Shops at Hampton Oaks, a 20,295-square-foot neighborhood retail center located in Fairburn, about 20 miles southwest of Atlanta. Zach Taylor and Eric Abbot of Marcus & Millichap’s Atlanta office represented the seller, a partnership controlled by Jacksonville-based Regency Centers, in the transaction. The buyer was not disclosed. Built in 2008, the Shops at Hampton Oaks features eight retail suites and was 93 percent occupied at the time of sale to a mix of fitness, experiential and service-oriented tenants. Surrounded by the Hampton Oaks residential community, the property is situated near major employers such as Delta Airlines, Coca-Cola and Hartsfield-Jackson Atlanta International Airport.

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Automotive Fluid Distributor to Invest $170M for Metro Atlanta Distribution Center

John Nelson — Wed, 15 Jul 2026 14:27:58 +0000

MCDONOUGH, GA. — Highline Warren, a distributor of cleaners and other fluids for the automotive and industrial sectors, has announced plans to invest $170 million in a new logistics hub in metro Atlanta. The Memphis-based company will build-out and occupy the former Zinus building, a 1.1 million-square-foot distribution center located at 830 Highway 42 S in McDonough. Highline Warren plans to begin operations at the facility by the end of the year and create 160 new jobs in the area. Civic partners involved in Highline Warren’s site selection include the Metro Atlanta Chamber, the City of McDonough, Georgia Department of Economic Development, the Henry County Development Authority and Georgia EMC. According to the company’s website, Highline Warren has more than 1,700 employees and operates 12 distribution centers and nine manufacturing plants.

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CCI Real Estate Underway on 353-Bed Student Housing Development Near University of Georgia

John Nelson — Wed, 15 Jul 2026 14:25:02 +0000

ATHENS, GA. — CCI Real Estate has begun construction on 290 Lumpkin, a 353-bed student housing development located near the University of Georgia campus in Athens. The community is being developed in partnership with the Georgia Baptist Mission Board and will include ministry space for Baptist Collegiate Ministries. The development team for the project, which is scheduled for completion in summer 2027, includes New South Construction. The eight-story community will offer 243 fully furnished units in studio, one- and two-bedroom configurations. The property will also feature a Three Tree Coffee location on the ground floor and a 356-space parking deck. Shared amenities are set to include a fitness and wellness center; landscaped courtyards; study and lounge spaces; a rooftop deck with a living garden and pool; pickleball and basketball courts; and grilling stations. Preleasing for the property will begin this fall.

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Hanover Acquires Land Near Gas South Arena in Metro Atlanta, Plans 305-Unit Apartment Development

Abby Cox — Mon, 13 Jul 2026 13:51:48 +0000

DULUTH, GA. — Hanover Co. has acquired nearly eight acres in Duluth, a northeast suburb of Atlanta in Gwinnett County, for the development of Hanover Sugarloaf, a 305-unit multifamily community. The purchase price was $12.4 million. John Speros and JT Speros of Ackerman & Co., along with Kyle Gable of Gable Land Co. and David Branch of SSG Realty Partners, represented the seller, an entity doing business as SP Sugarloaf LLC, in the transaction. The property will be situated near the 118-acre Gas South District, which is anchored by Gas South Arena and the Gas South Convention Center, and adjacent to Sugarloaf Parkway Shopping Center. Hanover Co. plans to demolish the 56,000-square-foot vacant office building at the property to make room for multiple four- and five-story apartment buildings, which will also include parking. Further details of the project were not disclosed.

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Madison Commercial Completes Sale of Chick-fil-A Site Near Oglethorpe Mall in Savannah

Abby Cox — Fri, 10 Jul 2026 14:25:52 +0000

SAVANNAH, GA. — Madison Commercial, an affiliate of Madison Capital Group, has completed the sale of a Chick-fil-A outparcel at its mixed-use redevelopment of the former Sears and Sears Auto Center site at Oglethorpe Mall in Savannah. The transaction marks the final piece of the company’s retail component at the mixed-use development. Along with Chick-fil-A, Madison Commercial has leased and sold all three retail outparcels at the property, including Jim ‘N Nick’s Bar-B-Q and Valvoline Instant Oil Change. The outparcels are situated adjacent to Oglethorpe Mall and Madison Oaks, a new multifamily community developed by Madison Communities on the site of the former Sears anchor store. Madison Oaks opened early this year. Madison Commercial and Savannah-based engineering firm Thomas & Hutton collaborated throughout the planning, engineering and entitlement process to deliver the final retail component. Oglethorpe Mall features several restaurants, a food court and more than 120 stores. Tenants include American Eagle Outfitters, Barnes & Noble, Bath & Body Works, Belk, Claire’s, Cold Stone Creamery, Crunch Fitness, DSW Shoes, Foot Locker, Great American Cookies, H&M, JCPenney, Macy’s and Savannah Sweets, among others.

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Machine, Lionshead Capital Purchase 641-Room Atlanta Airport Marriott Hotel

John Nelson — Wed, 08 Jul 2026 14:17:37 +0000

ATLANTA — A joint venture between Machine Investment Group and Lionshead Capital Partners has purchased Atlanta Airport Marriott, a 641-room hotel located on a 16-acre site adjacent to Hartsfield-Jackson Atlanta International Airport. The seller and sales price were not disclosed, but the Atlanta Business Chronicle reports that the Pennsylvania Public School Employees’ Retirement System was listed as the previous owner on Fulton County property records. William Hodges and Michael Tormey of Hodges Ward Elliott brokered the transaction. The new ownership group has selected White Label Asset Management to serve as asset manager for the 16-story hotel. The property includes 30,178 square feet of indoor meeting space, including a 9,928-square foot ballroom; multiple food-and-beverage outlets; an indoor/outdoor pool complex; and a large fitness center with six pickleball courts. Machine and Lionshead Capital plan to invest in a significant capital improvement program for Atlanta Airport Marriott, whose guestrooms were last renovated in 2017.

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Cushman & Wakefield Brokers $87M Sale of Apartment Community in Augusta

John Nelson — Mon, 06 Jul 2026 14:45:57 +0000

AUGUSTA, GA. — Cushman & Wakefield has brokered the $87 million sale of Mason Augusta, a 462-unit apartment community located at 101 Pine Forest Road in Augusta. Taylor Bird, Robert Stickel, Alex Brown, Nelson Abels and Laura Aylor of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group represented the seller, Waypoint Residential, in the transaction. The buyer was Southwood Realty Co. Mason Augusta was developed in two phases in 2022 and 2024 and was 95 percent occupied at the time of sale. The property includes a mix of one-, two- and three-bedroom apartments ranging in size from 685 to 1,321 square feet, as well as a fitness center with yoga and spin studio, resort-style pools with sundecks and tanning ledges, clubhouse with e-lounge and coffee bar, game room, business center and a dining and lounge terrace with outdoor fireplace. Other amenities at Mason Augusta include an automated parcel system, dog park and indoor pet spa, garages and outdoor gathering spaces with grilling kitchens and fire pits.

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CCI Begins Leasing 740 Techwood Student Housing Development Near Georgia Tech

John Nelson — Mon, 06 Jul 2026 14:41:59 +0000

ATLANTA — CCI Real Estate has begun leasing 740 Techwood, a 95-bed student housing development located near the Georgia Tech campus in Atlanta. CCI is developing the property in partnership with the Georgia Baptist Mission Board that will replace an existing Baptist Collegiate Ministries (BCM) building located at 740 Techwood Drive. CCI obtained $18 million in construction financing last year for the project. The 64,000-square-foot development will rise five stories and offer 55 fully furnished units in studio, one- and two-bedroom configurations. Shared amenities will include an onsite coffee shop, study lounges, study areas and an outdoor private courtyard with a fire pit. The development team for the project includes general contractor True North Cos. Completion is expected ahead of Georgia Tech’s 2027-2028 academic year.

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Hillpointe Opens 216-Unit Attainable Housing Community in Metro Atlanta

Abby Cox — Wed, 01 Jul 2026 12:31:00 +0000

NEWTOWN COUNTY, GA. — Hillpointe has opened Pointe Grand Covington, a 216-unit attainable multifamily community located at 8000 Revolution Way in Covington, about 36 miles east of Atlanta. Pointe Grand Covington features two-bedroom residences with modern finishes, smart home technology and in-unit amenities, such as full-size washers and dryers, digital keyless entry and private patios or balconies. Community amenities at the pet-friendly property include a resort-style swimming pool, fitness center, pickleball court, electric vehicle charging stations and a variety of indoor and outdoor gathering spaces.

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Landmark Properties, Paceline Break Ground on 656-Bed Off-Campus Student Housing Community Near Kennesaw State University

Abby Cox — Tue, 30 Jun 2026 13:59:26 +0000

KENNESAW, GA. — Landmark Properties and an affiliate of Paceline Equity Partners have broken ground on The Standard at Kennesaw, a 656-bed, off-campus student housing community located less than a mile from Kennesaw State University in metro Atlanta. Landmark Construction, the in-house general contractor for Landmark Properties, will serve as general contractor for the five-story building. Niles Bolton Associates will serve as architect, while Eberly & Associates will serve as structural engineer. Construction will begin immediately and is expected to be completed for the 2028-2029 academic year. The Standard at Kennesaw will offer 157 units in studio through six-bedroom configurations. Amenities at the community will include a resort-style rooftop pool deck with a jumbotron; a grilling area and firepits; clubhouse; fitness center and sauna; golf simulator; open-air courtyards; a study lounge with a café; bike storage rack; parking deck; and more than 11,000 square feet of recreation space. The community will also offer 559 parking spaces and access to an off-campus shuttle bus.

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Real Capital Solutions Acquires 101 Marietta Office Tower in Downtown Atlanta for $49.5M

John Nelson — Mon, 29 Jun 2026 12:24:00 +0000

ATLANTA — Real Capital Solutions has acquired 101 Marietta, a 36-story office tower located at 101 Marietta St. NW in downtown Atlanta, for $49.5 million. The seller was not disclosed. Situated adjacent to Centennial Yards, the 673,819-square-foot building was 54 percent leased at the time of sale to tenants including the Atlanta Hawks, The Federal Defender Program, YKK AP America, Industrious and the U.S. Small Business Administration (SBA). Originally constructed in 1975 and renovated in 1999 and 2016, 101 Marietta has received more than $12 million in capital improvements completed by prior ownership, including lobby renovations, tenant amenities, building systems upgrades and digital signage enhancements. Real Capital Solutions plans to continue to invest in capital improvements to increase leasing and improve the tenant experience at 101 Marietta.

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Scannell Properties to Develop 335-Acre Logistics Park Near Savannah

John Nelson — Wed, 24 Jun 2026 13:49:47 +0000

ELLABELL, GA. — Scannell Properties has plans to develop Ridgeway Logistics Park, a 335-acre industrial campus situated directly across from the Hyundai Motor Group Metaplant in Ellabell, a western suburb of Savannah in Bryan County. Situated adjacent to the new I-16 interchange and near the Port of Savannah, the industrial park can accommodate up to 4 million square feet of space at full build-out. Phase I of Ridgeway Logistics Park will comprise a 1.1 million-square-foot speculative facility featuring 40-foot clear heights, four drive-in doors, 234 dock positions, 45 dock packages and parking for 338 trailers and 350 cars. Scannell will begin site work this summer. Bill Sparks and Preston Andrews of CBRE are handling the park’s leasing assignment.

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Burlington Debuts 2 MSF Distribution Center in Ellabell, Georgia

John Nelson — Tue, 23 Jun 2026 14:48:41 +0000

ELLABELL, GA. — National retailer Burlington Stores Inc. has opened a new 2 million-square-foot distribution center in Ellabell, about 27 miles west of Savannah in Bryan County. The facility, the first distribution center in Georgia for Burlington, is expected to generate 1,500 new jobs at full capacity. In addition to climate-controlled, automated distribution space, the property will offer 40,000 square feet of office space with a full-service cafeteria, fitness center, locker room with showers, meditation room, maternity room and meeting rooms. The retailer also recently broke ground on another nearly 2 million-square-foot distribution center earlier this year in Buckeye, Ariz., a suburb of Phoenix. The new distribution centers will support the retailer’s growing network of discount apparel stores. Burlington expects to open approximately 115 net new stores nationwide by the end of fiscal 2026, which ends Jan. 30, 2027. All new stores feature Burlington’s reimagined store layout.

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Brook Farm, Manor Park to Develop 336-Unit Multifamily Community in Savannah

Abby Cox — Mon, 22 Jun 2026 13:28:35 +0000

SAVANNAH, GA. — Brook Farm Group and Manor Park Ventures will co-develop 675 Morgan, a 336-unit multifamily community located in the Savannah Highlands neighborhood. Upon completion, the project will feature 11 three-story buildings with one-, two- and three-bedroom floorplans. Amenities will include a resort-style swimming pool, clubhouse, 24-hour fitness center, walking trails, pickleball courts and a golf simulator. Ameris Bank, one of Brook Farm Group’s preferred lenders, provided construction financing for this transaction. The project team includes general contractor Summit Contracting Group.

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Trilogy Investment Receives Construction Loan for 122-Unit Townhome Development in Emerson, Georgia

Abby Cox — Mon, 22 Jun 2026 13:25:02 +0000

EMERSON, GA. — Trilogy Investment Co. has received a construction loan for the development of REV3 at Stars Way, a 122-unit build-to-rent (BTR) townhome community in Emerson, a city near the north Atlanta suburb of Cartersville. REV3 Homes, a division of Trilogy Investment Co., will serve as the general contractor for the project. Vertical construction is set to begin at the end of the month, while the first home deliveries are anticipated for late 2026. REV3 at Stars Way will feature modern townhomes with one-car garages and open-concept floorplans.

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Atlanta Multifamily: Liquidity Is Back, And the Supply Squeeze Is Next

John Nelson — Mon, 22 Jun 2026 11:42:00 +0000

Twenty-two apartment properties traded in metro Atlanta during the first quarter of 2026 for just over $1 billion, nearly double the $528 million that traded across 15 deals in first-quarter 2025. Our team’s current offerings are seeing tour volume of 30 to 40 prospects, which is up 20 percent from a couple years ago. We are also seeing 20 or more offers per property, and the quality of buyer has greatly improved — capital has stopped waiting for clarity and started competing for product. Liquidity rebounded in the Atlanta apartment market in 2025, and the supply-demand setup heading into 2027 is the reason institutional and private capital is moving now rather than later. Let’s start with the rebound. Across 2025, transaction count rose 31 percent, total dollar volume increased 18 percent and average cap rates tightened roughly 16 basis points. Buyers paid up for better-located, higher-quality assets and stayed disciplined on legacy unit-count metrics. The bid-ask gap that froze 2023 and most of 2024 finally closed, but on terms that rewarded specificity rather than just appetite. Sellers, for their part, have moved into a more pragmatic posture. A meaningful share of 2026 activity reflects fund-life timing decisions — sponsors that…

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Logistics Property Co. Signs Two Tenants at Gainesville 85 Business Center in Northeast Georgia

John Nelson — Fri, 19 Jun 2026 13:23:40 +0000

GAINESVILLE, GA. — Industrial owner-operator Logistics Property Co. has signed two tenants to new leases at Gainesville 85 Business Center, an industrial park located in the I-985 Northeast Atlanta submarket. An undisclosed e-commerce company committed to 228,423 square feet of space at the building at 1900 Fulenwider Road, which is now fully leased, while a sustainable packaging manufacturer leased 66,960 square feet at 1950 Fulenwider Road. Todd Barton, Joanna Blaesing, Mark Hawks and Matt Higgins of CBRE represented the landlord in the lease negotiations. Tommy Hughes and Weston Gurr of Hughes Commercial and Rob Kruer, Tyler Logue, Nicholas Chang and Justin Kuehn of CBRE represented the tenants, respectively. Tim Evans and Ryan Jackson of the Greater Hall County Chamber of Commerce assisted in the negotiations.

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Pinnacle Financial Partners to Establish Corporate Headquarters at Office Tower in Midtown Atlanta

Hayden Spiess — Thu, 18 Jun 2026 11:30:00 +0000

ATLANTA — Pinnacle Financial Partners (NYSE:PNFP) has announced plans to establish a corporate headquarters at Ten Twenty Spring, a 525,000-square-foot office tower located in Midtown Atlanta. A partnership between locally based Portman and Perform Properties, a portfolio company of Blackstone Real Estate, developed the tower in 2024. Founded in 2000, Pinnacle offers a range of banking, investment, trust, mortgage and insurance products and services. The company merged with Synovus earlier this year. Pinnacle will occupy 165,000 square feet and have building signage at Ten Twenty Spring, which is situated within the Spring Quarter mixed-use district. The company will retain its bank headquarters in downtown Nashville and will relocate an estimated 400 team members to the new Atlanta office. Pinnacle’s existing footprint includes 46 locations in metro Atlanta. “We’re planting the flag for our new corporate headquarters in a building and neighborhood that match the energy we feel about our future and our opportunity for growth in Atlanta,” says Kevin Blair, president and CEO of Pinnacle. Stream Realty Partners represented the building ownership in the lease negotiations. CBRE represented Pinnacle, which plans to occupy its new space in the second half of 2027. Consulting giant EY also recently signed a lease at Ten…

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Newmark Arranges $53M Refinancing for American Hotel Atlanta Downtown

John Nelson — Tue, 16 Jun 2026 14:01:23 +0000

ATLANTA — Newmark has arranged a $53 million loan for the refinancing of The American Hotel Atlanta Downtown, a 315-room hotel located at 160 Ted Turner Drive NW in downtown Atlanta. The property dates back to 1962 as downtown Atlanta’s first integrated hotel and today is affiliated with Hilton’s Tapestry Collection. Chris Kramer, Tyler Dumon, Tate Keir and Jordan Roeschlaub of Newmark arranged the loan through Structured Hotel Capital on behalf of the borrower, locally based The RADCO Cos. The owner recently executed an $11.3 million renovation for The American Hotel Atlanta Downtown’s guestrooms, public spaces, food-and-beverage options and amenities, which includes a fitness center, outdoor pool and 13,300 square feet of event space. The hotel is situated within close proximity to the Georgia World Congress Center, Centennial Olympic Park, Mercedes-Benz Stadium, State Farm Arena, the Georgia Aquarium, College Football Hall of Fame and the World of Coca-Cola.

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