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Build-to-RentDevelopmentGeorgiaMultifamilySingle-Family RentalSoutheast

ARK Homes Delivers 237-Unit Build-to-Rent Community in Brunswick, Georgia

by John Nelson

BRUNSWICK, GA. — ARK Homes For Rent has completed Walker Point, a 237-unit build-to-rent (BTR) residential community located at 1101 Walker Point Way in Brunswick, about 70 miles south of Savannah. Situated on 25 acres, the property features townhomes ranging up to 1,800 square feet that come in two-, three- and four-bedroom floorplans. Amenities include a clubhouse, fitness center, yoga room, swimming pool, outdoor lounge with grilling and dining areas and a dog park. Walker Point is now available for lease, with monthly rental rates beginning at $1,649. ARK Homes held a ribbon cutting on Friday, March 21.

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AcquisitionsGeorgiaRetailSoutheast

Cushman & Wakefield Arranges Sale of 146,544 SF Shopping Center in Cornelia, Georgia

by John Nelson

CORNELIA, GA. — Cushman & Wakefield has arranged the sale of Habersham Village, a 146,544-square-foot shopping center located in Cornelia, about 25 miles northeast of Gainesville, Ga. Morrison Group acquired the property for an undisclosed price. Habersham Village was recently redeveloped to accommodate four anchor tenants, including T.J. Maxx, Michaels, Planet Fitness and Bealls. Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the seller, an affiliate of Atlanta-based Vanguard Associates, Inc., in the transaction.

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GeorgiaLeasing ActivityRetailSoutheast

Wayfair to Open 150,000 SF Store in West Midtown Atlanta

by John Nelson

ATLANTA — Online retailer Wayfair will open a 150,000-square-foot store within The District at Howell Mill in Atlanta’s West Midtown district. Located at 1801 Howell Mill Road NW, the new Wayfair store will offer a range of furniture, home décor, housewares, appliances and home improvement products. This venue will mark Wayfair’s second large-format location — as well as its second physical retail store overall — following its first store in Wilmette, Ill., that opened in May 2024. JLL Income Property Trust, a division of LaSalle Investment Management, and Atlanta-based Selig Enterprises, own The District at Howell Mill shopping center. Fraser Gough and Benton Green of Retail Planning Corp. led lease negotiations in the transaction.

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GeorgiaLeasing ActivityMixed-UseOfficeSoutheast

Selig Brings 125,000 SF Office Space at The Works in Atlanta to Full Occupancy

by John Nelson

ATLANTA — Selig Enterprises has announced that Phase I of the office space at The Works, the developer’s 80-acre mixed-use development on Atlanta’s Upper Westside neighborhood, is now fully leased. New tenants joining the 125,000-square-foot office component include Babbit Bodner (communications and marketing); City of Atlanta (public safety); Google Fiber; Interior Environments (office furniture dealer and interior designer); and Narrative Content Group (advertising, branding and website design). Existing tenants include Uppercut (creative editorial shop); MacDermid Graphic Solutions (a photopolymer plate manufacturer); iHeart Media (radio conglomerate); and Atlanta Eats (local food-driven media company). Atlanta-based Selig Enterprises owns The Works and handles the project’s office leasing internally.

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AcquisitionsGeorgiaMixed-UseMultifamilyRestaurantRetailSoutheast

Jamestown Acquires Minority Stake in Inman Quarter Mixed-Use Development in Atlanta

by John Nelson

ATLANTA — Jamestown has acquired a minority stake in Inman Quarter, a mixed-use development in Atlanta’s Inman Park district. The Atlanta-based company, best known for its placemaking and operation of developments like Ponce City Market, will own and operate Inman Quarter with TriBridge Residential, a multifamily owner/operator also based in Atlanta. The property includes approximately 40,000 square feet of retail space, 200 residential units and a 515-space parking deck. The retail component comprises popular restaurants and cafes, including MF Sushi, Little Spirit, bartaco and Beetlecat. The sales price and Jamestown’s stake amount at Inman Quarter were not disclosed.

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DevelopmentGeorgiaIndustrialOfficeSoutheast

Coca-Cola United Opens $19M Flex Facility in Jasper, Georgia

by John Nelson

JASPER, GA. — Coca-Cola Bottling Co. United Inc. has opened a new $19 million sales center and warehouse in Jasper, about 60 miles north of Atlanta. Situated on three acres off Hugh Mullins Court, the 26,000-square-foot facility includes a sales and distribution center, warehouse, fleet shop and office space. Jasper Coca-Cola will operate the facility, which will serve as a hub to distribute Coca-Cola products throughout Cherokee, Fannin, Gilmer, Pickens, Towns and Union counties. Established in 1932, Jasper Coca-Cola joined the Coca-Cola United family of bottlers in 2017. The company employs 58 associates, serves more than 1,000 customers and sells and distributes nearly 2 million cases of Coca-Cola products annually.

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AcquisitionsGeorgiaLoansRetailSoutheast

Marcus & Millichap Brokers $3.7M Sale of Net-Leased Walgreens Retail Property in Lawrenceville, Georgia

by John Nelson

LAWRENCEVILLE, GA. — Marcus & Millichap has arranged the $3.7 million sale of a net-leased Walgreens retail property in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Built in 2004, the freestanding property is situated on 1.2 acres. Walgreens has just under 10 years remaining on its corporate-guaranteed, absolute-net lease with options to renew. Ashish Vakhariya, Darin Gross and Seth Haron of Marcus & Millichap’s Detroit office marketed the property on behalf of the undisclosed seller and procured the buyer, a local private investor, in the transaction. John Leonard is the firm’s broker of record in Georgia. Additionally, Luke Lamoreaux of Marcus & Millichap Capital Corp. (MMCC), a subsidiary of Marcus & Millichap, secured acquisition financing for the asset.

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DevelopmentGeorgiaMultifamilySoutheast

RangeWater, Partners to Develop 269-Unit Apartment Community in Lilburn, Georgia

by John Nelson

LILBURN, GA. — Locally based multifamily development and management firm RangeWater Real Estate has partnered with the City of Lilburn and Dallas-based The Meridian Group to develop a 269-unit apartment community in Lilburn, a northeast suburb of Atlanta in Gwinnett County. RangeWater acquired the four-acre site at 45 Railroad Ave. in Old Town Lilburn near Lilburn City Park. RangeWater and its partners worked closely with the Downtown Development Authority on the project, which will include a public-private parking garage. The unnamed property will offer studio, one-, two- and three-bedroom apartments, spanning in size from 537 to 1,578 square feet. Amenities will include a boutique gym and wellness facility, coworking space, dog spa, resident bar, lounge with vaulted ceilings, swimming pool, outdoor grills, gardens for resident al-fresco dining, a public/private amphitheater-style courtyard and a trailhead for Camp Creek Greenway Trail. The development team plans to break ground this spring and wrap up construction in late 2026.

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CivicDevelopmentGeorgiaOfficeSoutheast

Swinerton Awarded $23M Contract for Construction Projects at Hartsfield-Jackson Atlanta International Airport

by John Nelson

ATLANTA — Swinerton has obtained a $23 million contract for construction at Hartsfield-Jackson Atlanta International Airport on behalf of a partnership between the City of Atlanta and WEBMyers Construction. Swinerton will complete three projects at the airport.   The first project — which is expected to be completed by the end of the year — will include the $21 million renovation of six pairs of restroom facilities located in the North Terminal and Concourses T, C and F, as well as several family restrooms. The second project, designed by Atlanta-based Brink Design, will include a $1 million renovation of the airport’s Security Badging Office, which is slated for completion in early spring. The space will nearly double in size and feature 15 desk-style, seated stations with data ports, card printers and fingerprinting machines. The final project, a $1.2 million expansion of all TSA breakrooms, will total 42,000 square feet of space and comprise 13 breakrooms upon completion in July. These projects follow the recently completed $600,000 renovation of the Department of Aviation Finance Office at Hartsfield-Jackson by Swinerton and WEBMyers.

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AcquisitionsGeorgiaIndustrialOfficeSoutheast

Third & Urban Buys 470,000 SF Industrial Flex Campus in Sandy Springs, Georgia

by John Nelson

SANDY SPRINGS, GA. — Atlanta-based Third & Urban has purchased Northridge Commons, a seven-building industrial flex campus in Sandy Springs, a northern suburb of Atlanta. The 470,000-square-foot property is located at 8601 Dunwoody Place near Ga. Highway 400. Dilweg sold the campus for an undisclosed price. Will Yowell of CBRE’s National Office Partners team in Atlanta represented the seller in the transaction. Mike Ryan, Brian Linnihan and J.P. Cordeiro of CBRE Capital Markets’ Debt & Structured Finance team arranged $48.5 million in acquisition financing for Third & Urban. Northridge Commons was 83 percent leased at the time of sale to a variety of office, flex and warehouse occupiers, including Inspire Brands and Invitation Homes, a subsidiary of Blackstone. Third & Urban says it will reposition some of the office spaces to attract more flex industrial users.

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