Thursday, July 10, 2025
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AcquisitionsGeorgiaMultifamilySoutheast

Waterton Buys 903 Peachtree Apartment Tower in Midtown Atlanta for $118.6M

by John Nelson

ATLANTA — Chicago-based Waterton has purchased 903 Peachtree, a 32-story apartment tower located at 903 Peachtree St. in Midtown Atlanta. The seller and sales price were not disclosed, but Atlanta Business Chronicle reported that the asset traded for $118.6 million. Additionally, REBusinessOnline reported last summer that Chicago-based CA Ventures fully delivered the tower in partnership with Diamond Realty Investments Inc. and Cartel Properties. The acquisition brings Waterton’s metro Atlanta multifamily portfolio to 3,026 units under management. Situated near Piedmont Park and the Eastside Trail of the Atlanta BeltLine, 903 Peachtree features 427 apartments and 7,843 square feet of retail space, as well as 46,000 square feet of resort-style indoor and outdoor amenities. Outdoor amenities at 903 Peachtree include a rooftop pool and lounge area, grilling stations, private cabanas and fire pits. Indoor offerings include a sauna and massage room, yoga studio, demonstration kitchen, recreation lounge and game room, screening room, coworking lounge, pet spa and dog run, bicycle storage and a large lobby and concierge level. The apartment tower features a variety of studio, one-, two- and three-bedroom floor plans, with monthly rental rates ranging from $1,670 to $5,170, according to Apartments.com.

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AcquisitionsGeorgiaIndustrialSoutheast

Davis Purchases 235,108 SF Research-and-Development Portfolio in Atlanta from Jamestown

by Hayden Spiess

ATLANTA — The Davis Cos. has purchased a portfolio of research-and-development (R&D) buildings totaling 235,108 square feet in Atlanta’s Upper Westside neighborhood. Jamestown was the seller. American defense technology company Anduril Industries occupies the majority of the portfolio, which includes buildings located at 1401 and 1435 Hills Place NW and 1357 Collier Road NW. Recently redeveloped, the properties feature 21-foot clear heights, floor-to-ceiling windows and power loads sufficient to support a wide range of R&D uses. Jamestown previously acquired the buildings as mixed-use creative office and retail properties before redeveloping the portfolio. 

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GeorgiaLeasing ActivityOfficeSoutheast

AIG to Open 180,000 SF Office at Perimeter Summit Mixed-Use Campus in Brookhaven, Georgia

by John Nelson

BROOKHAVEN, GA. — Insurance giant AIG plans to establish a new regional office at Perimeter Summit, an 83-acre mixed-use development in Brookhaven, a northeast suburb of Atlanta. The firm will occupy 180,000 square feet of office space across seven floors at Summit Two. The new space will consolidate AIG’s existing offices in Atlanta’s Buckhead and North Fulton submarkets and will triple its current office footprint, according to the office of Georgia Gov. Brian Kemp. The firm plans to house 1,200 employees at the new office and create at least 600 new positions over the next five years. Brooke Dewey, Adam Viente and Alexis Vondersaar of JLL handle leasing efforts for Perimeter Summit on behalf of the developer and landlord, Spear Street Capital. Josh Hirsh, Gregg Metcalf and Patrick Baughman of JLL represented AIG in the lease deal. In addition to the Summit Two office building, Perimeter Summit features a Hyatt Regency hotel and an upcoming 350-unit apartment development by High Street Residential dubbed Residences at Perimeter Summit. Summit Two is a 414,000-square-foot, 18-story office tower that features a coffee shop, large lobby, covered parking, outdoor dining areas, fitness center, market and a café.

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Sovereign-Apartments_Fort-Worth-Texas
FloridaGeorgiaLoansMultifamilySouth CarolinaSoutheastTennesseeTexasTop Stories

Newmark Arranges $533M Refinancing for Sun Belt Multifamily Portfolio 

by Hayden Spiess

NEW YORK CITY — New York City-based Newmark has arranged a $533 million loan for the refinancing of a multifamily portfolio located across six states in the Sun Belt. Boston-based investment firm West Shore is the borrower.  Totaling 2,806 units, the portfolio comprises nine Class A, garden-style multifamily communities. The properties include: Citigroup provided the fixed-rate CMBS financing, which features a single-asset, single-borrower (SASB) loan structure. Purvesh Gosalia, vice chairman of Newmark, secured the financing on behalf of West Shore.  According to a press release issued by the firm, this loan transaction reflects continued investor interest in the Sun Belt markets, which benefit from population growth and demand for rental housing.  Newmark also recently announced an assignment to market 10 multifamily properties comprising 2,845 units across eight states for sale. The assets are expected to draw a total of roughly $500 million.  — Hayden Spiess

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AcquisitionsGeorgiaIndustrialLoansSoutheastTennesseeTop Stories

CBRE Arranges $188.3M in Acquisition Financing for 1.9 MSF Industrial Portfolio in Atlanta, Nashville

by Kristin Harlow

ATLANTA AND NASHVILLE, TENN. — CBRE has arranged $188.3 million in acquisition financing for a 24-building industrial portfolio totaling 1.9 million square feet in metro Atlanta and Nashville. Philadelphia-based Stoltz Real Estate Partners was the borrower. The previous owner was not disclosed. The properties range in size from 12,600 to 222,683 square feet and were built between 1974 and 1998. The portfolio was 93 percent leased at the time of sale to 80 tenants with a weighted average lease term of 3.6 years. The 17 Atlanta-area assets total a little over 1 million square feet and are situated in last-mile locations. The Atlanta market offers industrial users convenient access to I-75, I-85, I-20 and the Hartsfield-Jackson Atlanta International Airport. Additionally, the Port of Savannah is approximately 250 miles away. The seven Nashville properties total 866,053 square feet and are home to 15 tenants. The Nashville market offers convenient access to 24 states and is situated within a one-day truck drive of 75 percent of U.S. markets, according to CBRE. Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of CBRE arranged the financing through Starwood Property Trust. Loan terms were not provided. Stoltz currently owns and manages approximately 16 million …

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DevelopmentGeorgiaSoutheastStudent Housing

Toll Brothers Campus Living Completes $91M Student Housing Development Near Georgia Tech

by John Nelson

ATLANTA — Toll Brothers Campus Living has completed Kinetic, a $91 million student housing development located near the Georgia Institute of Technology (Georgia Tech) campus in Midtown Atlanta. US Bank provided construction financing for the 752-bed project, which broke ground in July 2022. The community offers 239 fully furnished units with bed-to-bath parity in one- through five-bedroom configurations. Shared amenities include study lounges with private and collaborative workspace; a high-tech content studio; coffee bar; community room with a large-screen TV; e-sports lounge; social lounges; and a fitness center with modern equipment and a sauna. Kinetic also features a sky lounge on the 34th floor with a swimming pool and an outdoor courtyard with grills and rooftop dining space.

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DevelopmentGeorgiaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Game Show Challenge to Open 3,889 SF Entertainment Venue at Lee + White in Atlanta

by John Nelson

ATLANTA — Entertainment retail concept The Game Show Challenge has signed a 3,889-square-foot lease at Lee + White, an adaptive reuse development located in the West End of Atlanta. Kelly Wilson of Ackerman Retail arranged the lease on behalf of the developers, Ackerman & Co. and MDH Partners. Located in Building 1000, the space will feature two studios with interactive games. The venue is scheduled to open later this year and marks the third location for The Game Show Challenge, which also operates outposts in Columbia and Greenville, S.C. Ackerman & Co. and MDH Partners acquired the Lee + White mixed-use property, which totals 442,562 square feet, in 2019. The latest phase of development includes a food hall, creative office space, retail space and a “Great Lawn” with gathering and event space.

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FloridaGeorgiaLoansLouisianaNorth CarolinaRetailSouth CarolinaSoutheast

BWE Arranges Financing for 104-Property Circle K Retail Portfolio in the Sun Belt

by John Nelson

IRVINE, CALIF. — BWE has arranged a $45.5 million loan for the financing of a Circle K portfolio across six states in the Sun Belt. Located in Arizona, Florida, Georgia, Louisiana, North Carolina and South Carolina, the portfolio comprises 104 single-tenant convenience store and gas station properties. Tom Kenny and Josh Boehling of BWE’s Irvine, Calif., office arranged the loan through a life insurance company on behalf of the undisclosed borrower. The five-year, fixed-rate financing features interest-only payments and a five-year extension option.

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Affordable HousingDevelopmentGeorgiaMultifamilySeniors HousingSoutheast

Swinerton Breaks Ground on $16.4M Mixed-Income Multifamily Project in Metro Atlanta

by John Nelson

RIVERDALE, GA. — General contractor Swinerton has broken ground on Hearthside Riverdale, a $16.4 million multifamily project in Riverdale\. Swinerton is completing the construction on behalf of the developer, OneStreet Residential. Situated on 2.6 acres roughly 15 miles south of Atlanta, the community will feature 70 one- and two-bedroom apartments, with 12 units rented at market rates and 58 units reserved as affordable housing for senior residents earning at or below 60 percent of the area median income (AMI). Amenities at the property will include a community room, laundry room, fitness center, garden bed and pet-friendly features. Completion is scheduled for early 2026.

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CivicDevelopmentGeorgiaSoutheastTop Stories

Development Team Plans Renovation, Expansion of Cobb Galleria Centre in Atlanta

by John Nelson

ATLANTA — The Cobb-Marietta Coliseum and Exhibit Hall Authority, owner and operator of the Cobb Galleria Centre in Atlanta, has selected a team of locally based firms to manage the expansion and renovation of the convention center. Impact Development Management will serve as the authority’s representative and project manager for the overhaul, Rule Joy Trammell + Rubio will serve as the project architect and Holder Construction will be the construction manager. The development team plans to break ground on the project in fall 2025, with completion slated for early 2027. The Cobb Galleria Centre was originally built by the authority in 1994. The facility currently totals 320,000 square feet, including 144,000 square feet of exhibit space, a 25,000-square-foot ballroom, 20 meeting rooms and four executive boardrooms. Also on the campus is Galleria Specialty Shops, an enclave of small retail shops that currently houses tenants including HOKA Shoes and a Subway kiosk. The master plan for the expansion project includes: Cobb Galleria Centre is centrally located near the intersection of I-75 and I-285 in Atlanta’s Cumberland-Galleria submarket. The convention center is connected via two elevated walkways to Simon’s Cumberland Mall and The Battery Atlanta, the mixed-use village surrounding Truist Park, home of the Atlanta …

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