Friday, June 6, 2025
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DevelopmentGeorgiaLeasing ActivityOfficeSoutheast

PrizePicks to Move Corporate Headquarters to Star Metals Offices in Atlanta

by John Nelson

ATLANTA – PrizePicks, a daily fantasy sports operator based in Atlanta, has selected the Star Metals Offices at 1055 Howell Mill Road for its new corporate headquarters. The owner and office landlord of the building in Atlanta’s West Midtown district is Coral Gables, Fla.-based Allen Morris Co. PrizePicks will occupy 33,000 square feet at Star Metals and will invest $25 million in its new headquarters space. The company estimates it will expand its workforce at the new space by 1,000 employees over the next seven years. Organizations involved in the site selection process for the PrizePicks headquarters include the Georgia Department of Economic Development, the Metro Atlanta Chamber, Invest Atlanta, Select Fulton and Georgia Power.

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GeorgiaLeasing ActivityMixed-UseRetailSoutheast

Construction Resources to Open Design Center at Westside Paper Development in Atlanta

by John Nelson

ATLANTA — Construction Resources, a distributor of home improvement products, plans to open a new design center at Westside Paper, a mixed-use development located at 950 W. Marietta St. in Atlanta’s West Midtown district. The center, which is set to open early next year, will be the first location to feature all of Construction Resources’ products in a single location. Westbridge and FCP co-developed and own Westside Paper, which is an adaptive reuse of a 70-year-old paper mill. Brad Pope of JLL represented Construction Resources in the lease transaction, and Shelbi Bodner with Bridger Properties represented the landlord. Other tenants at Westside Paper include El Santo Gallo, Pancake Social, Elsewhere Greenhouse, Bar Driver, Northern China Eatery, Ancestral Bottle Shop & Market and King of Pops.

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DevelopmentGeorgiaMixed-UseMultifamilySoutheast

GID Welcomes First Multifamily Residents at $2B High Street Development in Atlanta

by John Nelson

ATLANTA — GID has welcomed the first residents at Windsor Brompton and Windsor Avery, two apartment communities underway within the $2 billion High Street mixed-use development in Atlanta. Located in the city’s Central Perimeter submarket, the two apartment communities total 598 units. Windsor Communities, GID’s property management division, operates both properties. More than 100 leases have been signed at the communities prior to delivery. Apartments at Windsor Brompton and Windsor Avery come in 16 different floor plans comprising studio, one-bedroom and two-bedroom configurations. Monthly rental rates start at $1,538, according to the property website. Amenities include a fitness and yoga studio, pool and sundeck, catering kitchen and private dining room, coworking spaces, an outdoor dog run and dog wash, outdoor gaming lawn, bike lounge and a bike repair station. Residents will also have direct access to High Street’s lineup of shops and restaurants, which will include Puttshack, Jaguar Bolera, Nando’s PERi-PERi, Velvet Taco, Allen Edmonds, Skin Spirit, The Hampton Social, Agave Bandido, Cuddlefish, Ben & Jerry’s and Sugar Coat.

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DevelopmentGeorgiaRetailSoutheast

Branch Properties to Develop Publix-Anchored Shopping Center in Braselton, Georgia

by John Nelson

BRASELTON, GA. — Branch Properties, an Atlanta-based shopping center development firm, has acquired land in Braselton for the development of a Publix-anchored shopping center. Dubbed Braselton Village, the 70,987-square-foot retail center will be located at the intersection of Old Winder Highway and the newly constructed Braselton Village Parkway, about 50 miles northeast of Atlanta. Branch Properties expects to deliver the property, which will feature 22,600 square feet of inline retail space in addition to the Publix grocery store, in second-quarter 2025. In addition to Braselton Village, Branch Properties is also developing or recently delivered four other Publix-anchored centers in the Southeast: Triple Crown Shopping Center in Richwood, Ky.; One Nexton in Summerville, S.C.; Limestone Marketplace in Gainesville, Ga.; and the recently completed Summerhill Station in Atlanta.

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AcquisitionsGeorgiaIndustrialOfficeSoutheast

Stoic Equity Partners Purchases 90,300 SF Flex Property in McDonough, Georgia

by John Nelson

MCDONOUGH, GA. — Stoic Equity Partners has purchased a 90,300-square-foot office and warehouse property located on McDonough Parkway in McDonough, a southern suburb of Atlanta. The Daphne, Ala.-based investor purchased the five-building property through an investment fund named SEP Industrial Holdings I LLC for $5.8 million. Nick Watson and Harrison Auerbach of Matthews Real Estate Investment Services represented the undisclosed, Georgia-based seller in the transaction. The flex property features loading docks, drive-in access, 18- to 20-foot clear heights and truck court space. The McDonough property is the second Atlanta-area investment for Stoic Equity Partners.

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GeorgiaLeasing ActivityRetailSoutheast

IKEA to Open New Small-Format Store in Alpharetta, Georgia

by John Nelson

ALPHARETTA, GA. — IKEA plans to open a 4,306-square-foot store at Mansell Crossing, a shopping center located at 7681 North Point Parkway in the northern Atlanta suburb of Alpharetta. The landlord is New York-based Brixmor. The new store is among four small-format locations that IKEA announced in January, along with new stores in the greater Los Angeles area and Austin, Texas. Each store will allow customers to design and order home-furnishing solutions and products with help from IKEA experts, as well as pick up items once they’re shipped. The new Alpharetta store is set to open this summer. Other tenants at Mansell Crossing include REI, Five Below, TJ Maxx, DSW, Macy’s Furniture Gallery and Barnes & Noble. IKEA opened its prototypical store and warehouse location, which spans more than 366,000 square feet, in Atlanta’s Midtown area in 2005.

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AcquisitionsGeorgiaRetailSoutheast

Marcus & Millichap Negotiates $4.4M Sale of Retail Center in Dahlonega, Georgia

by John Nelson

DAHLONEGA, GA. — Marcus & Millichap has negotiated the $4.4 million sale of Goldmine Village, a 28,000-square-foot retail center located in Dahlonega, about 65 miles north of Atlanta. Walmart shadow-anchors the property, which was fully occupied at the time of sale. Eric Abbott and Zach Taylor of Marcus & Millichap represented the buyer, an entity doing business as AGW Goldmine LLC, in the transaction. “This is a great long-term investment for our client,” says Abbott. “Dahlonega is a unique market in that it is directly in North Atlanta’s path of growth, but it’s tough to find inventory due to the limited retail space and barriers to entry posed by the topography.”

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DevelopmentGeorgiaLoansMultifamilySoutheast

BHI Provides $50M Construction Loan for Residential Tower in Atlanta’s Buckhead District

by John Nelson

ATLANTA — BHI has provided a $50 million construction loan for The Dillon, an 18-story condominium tower underway at 2395 Peachtree St. NE in Atlanta’s Buckhead district. The borrower, an affiliate of The Kolter Group LLC, plans to deliver the property by January 2025. The loan is part of the development’s $133 million credit facility, which is overseen by BHI. The Dillon will offer for-sale residences configured in one-, two- and three-bedroom layouts ranging in size between 1,470 and 3,754 square feet. Amenities will include an amenity deck with a resort-style pool with cabanas and a spa, event lawn, pickleball court, dog park, clubroom with a catering kitchen, golf simulator, coworking spaces and a fitness center. In 2022, Kolter delivered The Graydon, a 45-unit condominium development located a quarter-mile from The Dillon.

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DevelopmentGeorgiaHospitalityMixed-UseRestaurantRetailSoutheast

Centennial Yards Co. Unveils Plans for New Entertainment District in Downtown Atlanta

by John Nelson

ATLANTA — Centennial Yards Co., a development entity owned by Los Angeles-based CIM Group, has unveiled plans for the next phase of its $5 billion mixed-use destination in downtown Atlanta. Spanning eight acres adjacent to Mercedes-Benz Stadium and State Farm Arena, the new phase of Centennial Yards will create a mixed-use entertainment district spanning 480,000 square feet across four buildings, as well as a fan gathering area that the developer says will be heavily utilized during the games held in Atlanta during the 2026 FIFA World Cup. Designed by Gensler, the new phase will comprise a three-story, 70,000-square-foot building housing an unspecified “eatertainment” concept; a four-story, 160,000-square-foot building hosting a single-tenant entertainment venue; a two-story, 50,000-square-foot building with restaurants and shops; and a 14-story, 233-room hotel. Centennial Yards represents the transformation of the city’s Gulch district, a 50-acre site that has primarily served as subterranean parking for Atlanta Falcons games in years past. Including the new entertainment district, Centennial Yards at full build-out will span 8 million square feet of new and converted offices, apartments, hotels, shops, entertainment venues and restaurants, including Wild Leap Brewery. Centennial Yards Co. plans to deliver two-thirds of the overall development by summer 2026.

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GeorgiaIndustrialLeasing ActivitySoutheast

MDH Partners Inks Two Leases at Georgia Warehouses Totaling 1.5 MSF

by John Nelson

CARTERSVILLE AND BLOOMINGDALE, GA. — MDH Partners has signed two tenants to leases totaling nearly 1.5 million square feet combined at warehouses in Georgia. In Cartersville, the Atlanta-based landlord signed an unnamed solar panel manufacturer to an 843,000-square-foot lease at Busch Commerce Center. The 1.2 million-square-foot facility was completed last fall by MDH and CF Real Estate Investments. Nathan Anderson and Darren Butler of NAI Brannen Goddard represented MDH in the lease transaction. The company also signed a third-party logistics firm to a full-building lease at Beltway Logistics Center, a 655,000-square-foot facility in the Bloomingdale suburb of Savannah. Butler also represented the landlord in this lease deal.

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