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GeorgiaLeasing ActivityOfficeSoutheast

T-Mobile Renews 100,000 SF Office Lease at One Ravinia in Atlanta

by John Nelson

ATLANTA — T-Mobile has renewed its approximately 100,000-square-foot lease at One Ravinia, a 17-story office tower in Atlanta’s Central Perimeter submarket. Boca Raton-based CP Group is the landlord of One Ravinia, as well as sister property Two Ravinia. T-Mobile has been a tenant at the tower since 2007. Eric Ross of CBRE represented CP Group in the lease negotiations, and Kirk Diamond, April Parrish, Erin Smith and Steven Taylor of Cushman & Wakefield represented T-Mobile. CP Group recently completed a series of capital improvements across One and Two Ravinia, including enhancing the lobbies, renovating and expanding the cafe and coffee bar, adding a modern tenant lounge with outdoor seating, upgraded the onsite conference center and introducing 85,000 square feet of worCPlaces, or speculative suites.

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DevelopmentGeorgiaLeasing ActivityOfficeRetailSoutheast

The Athlete’s Foot Opens Corporate Headquarters, Flagship Store in Midtown Atlanta

by John Nelson

ATLANTA — The Athlete’s Foot, a shoe and sports apparel retailer with 400 stores in 24 countries, has opened its corporate headquarters and flagship store in Midtown Atlanta. The retailer’s new home at 931 Monroe Drive also includes a community center component that will serve as “cultural hub” for community engagement. The Athlete’s Foot’s new headquarters and flagship store is situated along the Atlanta BeltLine adjacent to Piedmont Park. Project partners included prominently Black-owned companies, including T. Dallas Smith & Co. (real estate advisor), J.M. Lee Construction Co. (general contractor) and Aysha Pennerman (mural artist).

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DevelopmentGeorgiaMultifamilySoutheast

McShane Construction Delivers 288-Unit OSLO Apartment Community in Metro Atlanta

by John Nelson

FAIRBURN, GA. — McShane Construction Co. has delivered OSLO, a new, 288-unit apartment community in Fairburn, roughly 20 miles southwest of Atlanta. McShane constructed the project on behalf of the developer, South City Partners. In addition to one-, two- and three-bedroom residential units, OSLO features 4,000 square feet of retail space and 7,000 square feet of amenities, including a heated saltwater pool, fitness center, clubroom, pickleball courts, dog park, pet spa and a walking trail. Monthly rental rates begin at $1,569, according to the property website. Dynamik Design served as OSLO’s architect of record.

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AcquisitionsGeorgiaMultifamilySoutheast

LRE Management Acquires Multifamily Portfolio in Metro Atlanta for $102M

by John Nelson

ATLANTA — LRE Management has acquired a multifamily portfolio located in the Atlanta metro area for $102 million. The seller was not disclosed. Totaling 778 units across three properties, the portfolio comprises Eastwood Village in Stockbridge, Monterey Village in Jonesboro and Peachtree Landing in Fairburn. Amenities at each community include a pool and fitness center. LRE, which assumed mortgage debt in the purchase, plans to renovate select unit interiors, as well as modernize the amenities and implement new property management. “We believe that acquiring 2000s-vintage assets in a tier-one market at pre-pandemic pricing and at a significant discount to current replacement cost represents a once-in-multiple-decades investment opportunity,” says Eric Londa, founder and managing partner of LRE.

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AcquisitionsGeorgiaRetailSoutheast

Faris Lee Arranges $4.7M Sale of New Retail Building in Dalton, Georgia Leased to Starbucks, AFC Urgent Care

by John Nelson

DALTON, GA. — Faris Lee Investments has arranged the $4.7 million sale of a freestanding retail pad building located in Dalton, a city in northern Georgia near the Tennessee border. Starbucks Coffee and AFC Urgent Care currently occupy the property. Developed in 2023, the two-tenant building features a drive-thru and is situated at the entrance to Dalton Square, a shopping center leased to Food City, Ross Dress for Less, Ulta Beauty and PetSmart. Scott DeYoung, Jeff Conover, Don MacLellan and Greg Lukosky of Faris Lee represented the undisclosed seller in the transaction. A Georgia-based 1031-exchange private investor was the buyer.

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AcquisitionsGeorgiaIndustrialSoutheast

VanTrust Sells 1.2 MSF Industrial Facility Near Port of Savannah to TIG

by John Nelson

ELLABELL, GA. — VanTrust Real Estate has sold Building C of Interstate West, an approximately 1.2 million-square-foot industrial facility located near the Port of Savannah in Ellabell. Transwestern Investment Group (TIG) purchased the property from VanTrust for an undisclosed price. Britton Burdette, John Huguenard, Matt Wirth, Dennis Mitchell and Jim Freeman of JLL represented VanTrust in the transaction. Located at 77 Logistics Drive, Building C is fully leased to Webstaurant Store Inc., a subsidiary of Clark Associates Inc. Built in 2022, the property features 185-foot truck court depths, 212 dock-high doors, four drive-in doors, 244 auto spaces and 270 trailer spaces. VanTrust is also underway on a 2 million-square-foot build-to-suit project for retailer Burlington within the 515-acre Interstate West industrial park.

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DevelopmentGeorgiaRetailSoutheast

Branch Properties to Develop 57,851 SF Publix-Anchored Shopping Center Near Savannah

by John Nelson

HINESVILLE, GA. — Branch Properties has acquired 9.7 acres for Flemington Village, a 57,851-square-foot shopping center to be developed in Hinesville, approximately 40 miles southwest of Savannah. A 46,791-square-foot Publix will anchor the center, which is scheduled for completion in the third quarter of 2025. The property will also feature 11,060 square feet of inline retail space and an outparcel.

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Conference CoverageFeaturesGeorgiaSeniors HousingSoutheastSoutheast Feature Archive

Expect Seniors Housing Liquidity Issues to Persist Into 2025, Says InterFace Panel

by John Nelson

As a bridge lender across the full spectrum of seniors housing, Live Oak Bank has been able to capitalize on the limited liquidity in today’s market that has resulted in stalled transactions and refinancing challenges in this niche property sector.  “Trust me, I have a certain advantage right now with the lack of lenders [active in the space], and I enjoy that because it enables me to be very strategic on relationships and the people that I choose to partner with and grow. But having liquidity back in our market is necessary for a healthy seniors sector,” believes Chad Borst, managing director of seniors housing at Live Oak Bank, headquartered in Wilmington, North Carolina. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Borst would like to see banks that moved to the sidelines in recent years due to the disruption in the capital markets return to the playing field. “I want the permanent financing market to open up more broadly. I want other banks to come back because it will help the overall health of our …

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AcquisitionsGeorgiaRetailSoutheast

JLL Brokers Sale of 44,966 SF Brookhaven Station Retail Center in Metro Atlanta

by John Nelson

BROOKHAVEN, GA. — JLL has brokered the sale of Brookhaven Station, a 44,966-square-foot retail center located in the Atlanta suburb of Brookhaven. SITE Centers acquired the property from Hendon Properties for an undisclosed price. Originally built in 1985, Brookhaven Station was renovated between 2022 and 2023. Tenants at the property include Chick-fil-A, Fox Bros. Bar-B-Q, Chop’t and Mellow Mushroom. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller in the transaction.

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GeorgiaLeasing ActivityOfficeSoutheast

Cushman & Wakefield Arranges 55,869 SF Office Lease Renewal in Metro Atlanta

by John Nelson

ROSWELL, GA. — Cushman & Wakefield has arranged a 55,869-square-foot lease renewal at Mansell Overlook, an office park located in Roswell, roughly 25 miles north of downtown Atlanta. Annie Gomez and Jon Mayeske of Cushman & Wakefield represented the tenant, SiteOne Landscape Supply Inc., in the lease negotiations. An entity doing business as Sun Belt Office I LLC is the landlord of Mansell Overlook, which comprises four buildings of Class A office space and is situated on 67 acres. Amenities at the property include outdoor seating, walking paths, a fitness center and a conference center.

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