Tuesday, September 16, 2025
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GeorgiaLeasing ActivityOfficeSoutheast

EY Signs 102,195 SF Office Lease at Ten Twenty Spring in Midtown Atlanta

by John Nelson

ATLANTA — Consulting giant EY has signed a 102,195-square-foot office lease at Ten Twenty Spring, a 525,000-square-foot, Class A office tower in Midtown Atlanta. EY will move approximately 3,000 employees from its current office in downtown Atlanta next August. The company will occupy floors 14 through 16 at Ten Twenty Spring. The office building is part of Spring Quarter, a mixed-use development by Portman that also includes Sora at Spring Quarter apartments and a landmark building that once housed the historic H.M. Patterson & Son Spring Hill Chapel. The historic building has been redeveloped into a 24,000-square-foot retail and dining destination. Glenn Dyke of CBRE represented EY in the lease negotiations. Glenn Kolker, Preston Menning and Malik Leaphart of Stream Realty Partners represented the landlord, Portman and Perform Properties, a Blackstone company.

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AcquisitionsAffordable HousingDevelopmentGeorgiaMixed-UseSoutheast

Atlanta BeltLine Acquires Land in Buckhead for Future Northwest Trail

by John Nelson

ATLANTA — The Atlanta BeltLine has purchased six parcels near the intersection of Peachtree Road and Bennett Street in the city’s Buckhead district. The land is adjacent to the site purchased last fall, giving the BeltLine a 3.2-acre assemblage that represents Segment 2 of the future Northwest Trail, which will run for 4.3 miles at full completion. Segment 1 of the trail is currently underway and is set for completion in second-quarter 2026. The buildings on the Bennett Street site are vacant and will be prepared for demolition while future site planning efforts are underway. The BeltLine will engage with community leaders, residents, businesses and other stakeholders on the next steps for the future of the site, with the ultimate goal of aiding in developing affordable housing in mixed-use settings. In recent years, the Beltline has acquired over 80 acres to expand housing and commercial affordability and to master plan land along the trail. The Beltline currently is 76 percent of its way towards meeting the goal of preserving or creating 5,600 affordable housing units by 2030. To date, the Beltline has completed 12.6 miles of the mainline loop, with an additional 10.3 miles of connector trails. The entire 22-mile …

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Brookside-Alpharetta
AcquisitionsDevelopmentGeorgiaMixed-UseOfficeSoutheastTop Stories

Portman Acquires Metro Atlanta Office Park, Plans Mixed-Use Redevelopment

by Taylor Williams

ALPHARETTA, GA. — National developer Portman Holdings has acquired Brookside Office Park, a 266,000-square-foot development located in the northern Atlanta suburb of Alpharetta with plans to undertake a mixed-use redevelopment. The seller and sales price weren’t disclosed, but the Atlanta Business Chronicle reports that an affiliate of Bridge Commercial Real Estate sold the property for $27 million. Brookside Office Park consists of two buildings on a 20-acre site that were originally constructed in the 1980s. Portman plans to retain one 130,000-square-foot building, raze the other and pave the way for a proposed vision that includes 335 multifamily residences, 70 townhomes and 60,000 square feet of retail and restaurant space. Townhome prices will start at roughly $650,000, according to reports from the Atlanta Business Chronicle. The redevelopment will also feature activated public gathering areas, pedestrian connections and outdoor amenities that promote walkability and community engagement. Portman received unanimous approval from the Alpharetta City Council in April to transform the site into a mixed-use destination. Construction is expected to begin in 2026, with completion anticipated in 2029. “With Brookside, we’re taking an older office campus and giving it new life, keeping the best of what’s there while bringing in housing, retail and spaces …

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Dogwood Logistics Center
GeorgiaIndustrialLoansSoutheast

JLL Arranges $44.1M Financing for Dogwood Logistics Center in Conyers, Georgia

by Abby Cox

CONYERS, GA. — JLL Capital Markets has arranged a $44.1 million financing package comprising joint venture equity and debt for the development of Dogwood Logistics Center, a 388,960-square-foot industrial property under development in Conyers, about 24 miles east of downtown Atlanta. Bobby Norwood, Mark Sixour, Hamp Gibbs and Streeter Simmons of JLL secured a $25.4 million construction loan through Pinnacle Financial Partners on behalf of the developer, Holder Properties. Hartford Investment Management Co. (HIMCO) provided $18.7 million in joint venture equity. Scheduled to deliver in summer 2026, Dogwood Logistics Center will feature two shallow-bay, rear-load buildings spanning 205,265 square feet and 187,593 square feet. The facilities will offer 36-foot clear heights, concrete tilt-wall construction, 60-foot dock bay depths, 210- to 230-foot building depths and TPO roofing. Additionally, the property will provide two exits along I-20. Dogwood Logistics Center marks Holder Properties’ second industrial project in 2025 with Pinnacle Financial Partners and HIMCO. 

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Core-Atlanta
DevelopmentGeorgiaSoutheastStudent Housing

Core Spaces, Capstone to Break Ground on 1,600-Bed Student Housing Development Near Georgia Tech

by Abby Cox

ATLANTA — A joint venture between Core Spaces and Capstone Communities is set to break ground on a multi-phase mixed-use project located near the Georgia Tech campus in Midtown Atlanta. The first phase of the development — which is being led by Core Spaces — will include 1,600 beds of student housing and 5,000 square feet of ground floor retail. The community will also feature a third-floor amenity deck. Dwell Design Studio has been selected as the architect for Phase I, which is scheduled for completion in 2029. Capstone Communities will lead Phase II of the project, a timeline for which was not released. 

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Dunwoody Village
AcquisitionsGeorgiaLoansRetailSoutheast

MMCC Secures $4M Acquisition Financing for Dunwoody Village Retail Center in Metro Atlanta

by Abby Cox

DUNWOODY, GA. — Marcus & Millichap Capital Corp. (MMCC) has arranged $4 million in acquisition financing for Dunwoody Village, a 15,382-square-foot retail center located at 1610-1614 Mount Vernon Road in Dunwoody, a suburb of Atlanta. David Johnson of MMCC’s Atlanta office secured the loan with a national bank on behalf of a private client. The five-year loan includes a 6.41 percent interest rate with a 30-year amortization schedule. Shadow-anchored by The Fresh Market and Walgreens, Dunwoody Village features a mix of tenants including CVS Pharmacy, Chipotle Mexican Grill and a pet store.

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GeorgiaLeasing ActivityRestaurantRetailSoutheast

Simon Introduces 18 New and Expanded Retailers at Lenox Square in Atlanta

by John Nelson

ATLANTA — Simon has introduced 18 new and expanded retailers debuting at Lenox Square, a 1.5 million-square-foot retail destination located in Atlanta’s Buckhead district. Nine of the tenants are now open and operating at Lenox Square, including three expanding concepts: Rolex, Burberry and Ferragamo. The other six opened stores are Good American, AllSaints, Ray-Ban, Rowan, Starbucks Coffee and Claire’s. Nine more concepts are set to open later this year, including IWC, Panerai, Mejuri, Cole Haan, Garage, Lovisa, Levi’s, Kelly’s Cajun Grill and Great American Cookie Company/Marble Slab. David Vinehout serves as Simon’s vice president of leasing at Lenox Square and Phipps Plaza, another high-end shopping mall in Buckhead that Simon owns and operates. Lenox Square is anchored by Bloomingdale’s, Neiman Marcus and Macy’s and includes 250 specialty stores and several restaurants, including The Cheesecake Factory, North Italia and True Food Kitchen.

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GeorgiaLeasing ActivityRetailSoutheast

FNRP Opens 22,000 SF Ross Dress for Less Store at McAlpin Square in Savannah

by John Nelson

SAVANNAH, GA. — First National Realty Partners (FNRP) has opened a new 22,000-square-foot Ross Dress for Less store at McAlpin Square in Savannah. The 169,690-square-foot shopping center is located at 1900 E. Victory Drive and is anchored by Kroger. Other tenants include Goodwill and the U.S. Postal Service. Ross Dress for Less is backfilling a former Big Lots store following the latter retailer’s Chapter 11 filing. With the new store, McAlpin Square is 95 percent occupied.

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DevelopmentGeorgiaMixed-UseMultifamilyRetailSoutheast

Northwood Ravin to Develop 370-Unit Halo Apartments in Decatur, Georgia

by John Nelson

DECATUR, GA. — Northwood Ravin plans to develop Halo, a 370-unit luxury apartment community in Decatur. The Charlotte-based developer plans to deliver first units next April and fully finish the five-story development by January 2027. Situated in the city’s East Decatur neighborhood, Halo will offer a mix of one-, two- and three-bedroom apartments, as well as retail and plaza space and live-work units with street-level entrances. Northwood Ravin is partnering with Eric Carlton of Oakhurst Realty Partners on the retail tenant mix. The first confirmed retail tenant is Galore Market, a neighborhood market concept from the creators of O4W Market near Krog Street Market. Planned amenities at Halo include a rooftop pool, more than 3,000 square feet of fitness space, including a private yoga studio and exercise room, gaming lawn, pergola with covered seating, outdoor movie projector, fire pit, a hidden bar with full service and surprise cocktail events, sports bar, golf simulator, pet spa and a community coworking club with an embedded coffee shop.

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AlabamaDevelopmentGeorgiaIndustrialKentuckySouth CarolinaSoutheastTennesseeTop Stories

GE Appliances Unveils $3B Investment to Expand U.S. Manufacturing Across Five States

by Kristin Harlow

LOUISVILLE, KY. — GE Appliances, a Haier company, has unveiled plans to invest more than $3 billion in its U.S. operations over the next five years. The company plans to expand its air conditioning and water heating portfolio, increase production output across all product lines and further modernize its 11 U.S. manufacturing plants with new automation and capital equipment. The first phase of investments will begin at GE Appliances plants in Kentucky, Alabama, Georgia, Tennessee and South Carolina. Upon completion of the plan, Louisville-based GE Appliances will have invested $6.5 billion across its U.S. manufacturing plants and nationwide distribution network since 2016, which is the year that the company was sold by General Electric (NYSE: GE) to Haier. The new $3 billion announcement marks the second-largest investment in the company’s history. The GE Appliances plant in Camden, S.C., currently produces gas water heaters. With the new investment, electric and hybrid water heater manufacturing will be added, doubling the plant’s output and employment once the project is complete. The first phase will be implemented by early 2026. In December, GE Appliances will add two new models of air conditioners to its air and water product portfolio at its Selmer, Tenn., plant. …

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