Georgia

RADCO Acquires Apartment Community in Metro Atlanta for $53M

by John Nelson November 17, 2015

NEWNAN, GA. — The RADCO Cos. has purchased Columns at White Oak, a 561-unit apartment community located in the Atlanta suburb of Newnan. Atlanta-based RADCO purchased the property from ECI Group for $53 million. Cushman & Wakefield brokered the transaction. RADCO has renamed the project Creekside at White Oaks. The property includes three swimming pools, two large fitness centers, a private fishing lake, dog and play parks, grilling and gathering areas, balconies and garages. RADCO financed the acquisition with private capital and financing from CIBC Bank. Since August 2011, the company has raised $330 million of private capital to fund its purchases. RADCO will invest about $5.5 million to renovate the community’s clubhouse, leasing center, fitness center and pool deck. The Atlanta-based firm will also build a new playground, upgrade the interior unit finishes and enhance the property’s landscaping. RADCO’s portfolio now includes 46 multifamily assets with three additional properties under contract set to close by the end of December.

November 17, 2015

Georgia Hospitality Southeast

Winter Construction Expands Chateau Elan Winery & Resort

by John Nelson November 17, 2015

BRASELTON, GA. — Winter Construction has completed a 33,000-square-foot, two-level addition to the Chateau Elan Winery & Resort, a four-diamond hotel in Braselton. The addition includes a ballroom with partitions, pre-function and service space, restrooms, storage and office space. The new Paris Ballroom features 20-foot ceilings, French chandeliers and an outdoor terrace. The addition is the largest construction project at the hotel in recent years, according to Winter Construction. The Atlanta-based general contractor worked with architect Chapman, Griffin, Lanier, Sussenbach Architects on the addition.

November 17, 2015

Georgia Retail Southeast

Franklin Street Brokers $2.5M Sale of Shopping Center in Metro Atlanta

by John Nelson November 16, 2015

STOCKBRIDGE, GA. — Franklin Street has brokered the $2.5 million sale of Eagle Village, a 21,800-square-foot shopping center located at 600 Eagles Landing Parkway in Stockbridge, roughly 20 miles south of Atlanta. Built in 2002, the property was 77.3 percent leased at the time of sale to tenants such as Jimmy John’s, Johnny’s Pizza & Subs and H&R Block. Bryan Belk and John Tennant of Franklin Street’s Atlanta office represented the seller, Alpha Opportunity Fund I LLC, in the transaction. Ainbinder Properties LLC was the buyer.

November 16, 2015

Georgia Loans Multifamily Southeast

Pillar Originates $7.5M Fannie Mae Loan for Historic Apartment Building in Atlanta

by John Nelson November 13, 2015

ATLANTA — Pillar, an affiliate of Guggenheim Partners, has originated a $7.5 million Fannie Mae loan for the refinance of The Roosevelt, a 120-unit multifamily building located in Atlanta’s Grant Park historic district. Gabe Seghi of Pillar’s Boca Raton, Fla., office originated the fixed-rate, 10-year loan with a 30-year amortization schedule on behalf of the borrower, a regional multifamily owner/operator. Pillar is a national Fannie Mae DUS lender.

November 13, 2015

Georgia Loans Mixed-Use Southeast

A10 Capital Provides $67M Acquisition Loan for Value-Add Portfolio in Metro Atlanta

by John Nelson November 12, 2015

ATLANTA — A10 Capital has provided a $67 million acquisition loan for a 12-property portfolio in metro Atlanta. The portfolio includes value-add retail, industrial and office properties throughout the greater Atlanta area. Gregg Shapiro of HFF arranged the non-recourse loan on behalf of the borrower, Stream Realty Partners. Stream will use the loan proceeds to fund the acquisition, renovation and future lease-up of the portfolio.

November 12, 2015

Georgia Office Southeast

Lincoln Arranges More than 100,000 SF of Office Leases in Alpharetta

by John Nelson November 10, 2015

ALPHARETTA, GA. — Lincoln Property Co. Southeast has brokered office leases totaling more than 100,000 square feet in Alpharetta, a northern suburb of Atlanta. Michael Howell and Hunter Henritze of Lincoln represented the landlords in the transactions, which included SunTrust Mortgage’s 6,992-square-foot lease renewal at One Northwinds Center at 2475 Northwinds Parkway; Wells Fargo Advisors’ 17,046-square-foot lease renewal at Two Northwinds Center at 2520 Northwinds Parkway; CenturyLink Communications’ 20,197-square-foot lease renewal at Brookside One at 3625 Brookside Parkway; Guilford Insurance’s new 12,180-square-foot lease at Preston Ridge IV at 3440 Preston Ridge Road; Biota Pharmaceuticals’ 11,788-square-foot lease expansion at Three Northwinds Center at 2500 Northwinds Parkway; Thyssen Krupp’s 19,745-square-foot lease expansion and renewal at 400 Northwinds Parkway; Auto Vin’s new 8,656-square-foot lease at 800 N. Point Parkway; Veeam Software’s 6,959-square-foot lease expansion at 2520 Northwinds Parkway; McManamy McLeod Heller’s new 4,590-square-foot lease at 11525 Haynes Bridge Road; Windward Specialty Group’s new 3,126-square-foot lease at 2500 Northwinds Parkway; and Select Selling’s new 4,307-square-foot lease at 2520 Northwinds Parkway. Kirk Diamond and Dale Lewis of DTZ represented Wells Fargo, Dave Kilborn of Newmark Grubb Knight Frank represented CenturyLink, Allison Bittell of Cushman & Wakefield represented Guilford Insurance, Steve Farrar of Newburger Andes represented …

November 10, 2015

Georgia Retail Southeast

Publix to Open Grocery Store at New Shopping Center in North Georgia

by John Nelson November 10, 2015

DAWSONVILLE, GA. — Publix has signed a 45,600-square-foot lease at Dawson Crossroads, a new 98,400-square-foot shopping center under construction at 4130 Dawson Forest Road in Dawsonville. The grocery-anchored shopping center is set to open in the fall of 2016 at the southeast corner of GA 400 and Dawson Forest Road. Halpern Enterprises is the developer of the project, which will also house Brooklyn Joe’s Pizzeria, Lee Nails, Great Clips, Totally Running, Top Cleaners and Chili’s.

November 10, 2015

Georgia Industrial Southeast

Hillwood Investment Properties Purchases 320,000 SF Distribution Park in Atlanta

by Christina Cannon November 6, 2015

ATLANTA, GA. — Hillwood Investment Properties, through its U.S. Industrial Fund II, has acquired a 320,000-square-foot distribution park in Atlanta. The purchase price was not disclosed. Westridge Logistics Center is a Class A multi-tenant building located near the I-75/GA Highway 155 interchange. Westridge features concrete tilt wall construction, a minimum clear height of 24 feet, building depths of 180 to 210 feet, an ESFR sprinkler system, truck court depths of 120 feet, and T-5 lighting. Frank Fallon, Brian Budnick and Chris Riley of CBRE represented the seller in the transaction.

November 6, 2015

Georgia Multifamily Southeast

MHA Brokers Sales of Four Metro Atlanta Apartment Communities for $71.7M

by Haisten Willis November 5, 2015

NORCROSS, GA. — Multi Housing Advisors (MHA) has arranged, in separate transactions, the sale of four apartment communities located in Norcross, Ga. for a total of $71.7 million. Josh Goldfarb and Tyler Averitt of MHA’s Atlanta office represented the Boston-based seller, Realty Financial Partners, in the transactions. In the first transaction, King Rook Capital, with corporate offices in New York, purchased Highland Reserve for $23.3 million. The 416-unit property was built in 1987. In the second transaction, Emma Capital Properties purchased Highland Valley for $18.8 million. The 300-unit property was built in 1985 and was subsequently renamed Princeton Heights Apartments. In the third transaction, Atlanta-based Audubon Communities purchased Highland Corners for $16.2 million. The 252-unit property was built in 1979. In the fourth transaction, Atlanta-based Marquis Investments purchased Highland Lakes for $13.4 million. The 240-unit property was built in 1985.

November 5, 2015

Georgia Industrial Multifamily Office Retail Southeast

Colliers International Group Acquires Colliers International Atlanta

by Haisten Willis November 3, 2015

NEW YORK CITY & ATLANTA — Colliers International Group has acquired Colliers International Atlanta. The current shareholders of Colliers Atlanta will continue to retain equity in the business under Colliers’ unique partnership model. Terms of the transaction were not disclosed. Founded in 1967, Colliers International Atlanta offers a full range of services for commercial real estate owners and occupiers. Comprising more than 250 professionals, Colliers International Atlanta provides investment sales, lease brokerage, capital markets, property management and project management to local, regional, national and international clients.

November 3, 2015

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