ATLANTA — Cushman & Wakefield has brokered the sale of Spoke, a 224-unit multifamily community located in Atlanta’s Eastside neighborhood. Robert Stickel, Wesley Lacefield and Alex Brown of Cushman & Wakefield represented the seller, Waypoint Residential, in the transaction. The deal included a Fannie Mae loan assumption and tax abatement. The buyer and sales price were not disclosed.
ATLANTA — JLL has arranged two leases at Salesforce Tower in the Buckhead submarket of Atlanta. Rubicon renewed its 6,338-square-foot lease at the property, and payment solutions provider Clearent by Xplor signed a new 18,134-square-foot lease. Brooke Dewey, Jeff Taylor and Caroline Fisher of JLL represented the landlord, a partnership between Banyan Street Capital and KKR, in the negotiations. Newmark represented Rubicon, and CBRE represented Clearent by Xplor. Amenities at the building include direct access to MARTA and The Buc rideshare service, a fitness center, coffeeshop and electric vehicle charging stations.
SAVANNAH, GA. — The Opus Group has delivered The Helmsman, a 104-unit, five-story apartment building located at 645 E. Broughton St. in downtown Savannah. Situated near the Savannah College of Art and Design (SCAD), the boutique community features studios, one-, two-, three- and four-bedroom apartments, all with private bathrooms for each bedroom. All units are fully furnished, and select apartments have balconies. Amenities include an art studio, private and group study areas, resident lounge, clubroom, spa with sauna and relaxation room, fitness center, outdoor pool, outdoor dining area with grills, outdoor entertainment area, indoor secure bike storage, bike maintenance room and covered parking. Opus recently completed the lease-up of The Helmsman to both SCAD students and non-student renters. The project team included development partner Atlantic American Partners, construction lender Huntington Bank, architect of record Myefski Architects, general contractor Rabren General Contractors, civil engineer Thomas & Hutton, structural engineer LBYD and interior designer Creative License International.
ATHENS, GA. — CBRE has brokered the sale of The Connection at Athens, an 876-bed student housing community located near the University of Georgia campus in Athens. Jaclyn Fitts, William Vonderfecht, Casey Schaefer, Kevin Geiger and Shea Campbell of CBRE represented the seller, a partnership between Pierce Education Properties and Nuveen Real Estate, in the transaction. Priderock Capital Partners acquired the community for an undisclosed price. The Connection at Athens offers shared amenities including a resort-style pool pavilion with four pools, clubhouse, private study rooms, grilling stations, a fire pit, basketball court, sand volleyball court, game room and a dog park.
ATLANTA — Canterbury Court, a continuing care retirement community in Atlanta’s Buckhead district, has doubled in size with its new expansion. The property now includes two new additions: The Garden Tower, a high-rise that features 105 independent living apartments and a ground-level restaurant; and Monarch Pavilion, a four-story building that offers seniors housing units, amenities and services in a neighborhood setting. Monarch Pavilion comprises Azalea View, a new assisted living community; Wisteria Park, a memory care destination centered around a courtyard garden; and Sage Glen, a skilled nursing neighborhood that features dedicated physical, speech and occupational therapists. The construction period for the expansion lasted approximately two years. Greystone Communities served as the project’s financial advisory and financial consultant, and JLL provided project management services. The design-build team included architect Rule Joy Trammell + Rubio and general contractor Brasfield & Gorrie.
ATHENS, GA. — Athens-based Landmark Properties has completed the development of 10 student housing properties valued at $2 billion ahead of the fall 2023 semester. The portfolio is the largest to be delivered off-campus in a single year, according to Landmark, and accounts for one-fourth of all student housing deliveries this fall. The portfolio, which offers a total of 8,195 beds, includes the following nine properties: The Standard at College Park, a 951-bed community located two blocks from the University of Maryland campus in College Park. The property offers units in studio through five-bedroom configurations, alongside shared amenities including a fitness center, sauna, computer lab, study lounge and ground floor retail space. Landmark Construction served as general contractor for the project. The Standard at Columbia, a 678-bed project developed through a joint venture with CRG near the University of South Carolina campus in downtown Columbia. The community offers studio through five-bedroom units. Shared amenities include a clubhouse, pool deck, fitness center, spa, study lounge, cafe and a sports simulator. Clayco served as general contractor. The Standard at Bloomington, a 1,064-bed community located near the Indiana University campus in Bloomington. Shared amenities include a swimming pool and spa, exterior jumbotron, sauna, …
AUGUSTA, STOCKBRIDGE AND EVANS, GA. — Blueprint has arranged the sale of three skilled nursing facilities: Laurel Park at Henry Medical Center in the Atlanta suburb of Stockbridge; Kentwood Extended Care in Augusta; and Westwood Extended Care in the Augusta suburb of Evans. The seller was Piedmont Healthcare Inc., Georgia’s largest nonprofit healthcare system. Through its 2022 affiliation with University Health Care System, two skilled nursing and long-term care facilities serving the greater Augusta market, as well as Piedmont Augusta and Piedmont McDuffie hospitals, became part of the Piedmont system. Westwood is licensed for 149 beds and Kentwood is licensed for 100 beds. The 89-bed Laurel Park facility is situated adjacent to Piedmont’s Henry Hospital and was managed by a third-party operator. The buyer was PruittHealth, a prominent Georgia-based owner/operator and the incumbent manager of Laurel Park. The sales price was not disclosed. The Blueprint team included Michael Segal and Daniel Waldhorn.
RINCON, GA. — Stonemont Financial Group and The Davis Cos. have completed two buildings within Georgia International Trade Center (GITC) in Rincon, a suburb of Savannah in Effingham County. The properties include the 1.2 million-square-foot Building 3A and the 1.5 million-square-foot Building 3B. An unnamed national home retailer is the sole occupant of both buildings and already occupies a 416,450-square-foot warehouse at GITC. Combined the two properties include 1,310 trailer spaces, 510 automobile spaces and 543 dock doors. Additionally, Britton Burdette, John Huguenard, Patrick Nally and Jim Freeman of JLL represented Stonemont Financial and Davis Cos. in the sale of Building 3A to an unnamed institutional real estate investment firm. The partnership’s final building within GITC is Building 4A, a 733,200-square-foot cross-dock warehouse that is set to open in early 2024. Gilbert & Ezelle Commercial Real Estate, a locally based Cushman & Wakefield alliance office, is handling leasing for the building. Stonemont Financial and Davis Cos. have developed 8 million square feet of industrial space at GITC in the past five years.
ATLANTA — A joint venture between StreetLights Residential and PGIM Real Estate has welcomed first move-ins at The Hadley, a 300-unit luxury apartment community located at 5th and Juniper streets in Midtown Atlanta. The ownership plans to fully complete the property this fall. Situated near Tech Square and two MARTA stations, The Hadley offers studio, one-, two- and three-bedroom floor plans ranging in size from 511 to 1,713 square feet. Monthly rental rates range from $1,871 to $6,106, according to Apartments.com. Interiors include Latch Smart Home keyless entry, built-in Sonos speakers and Nest thermostats. Amenities include a private bar and lounge on the eighth floor, pool, coworking space, ground-level bar, fitness center, pet spa, covered dog park, coffee bar and a gated parking garage. StreetLights Creative Studio served as the architect and interior designer for The Hadley.
ATLANTA — JLL has brokered the sale of Marketplace at Buckhead, a 102,864-square-foot shopping center located at 3871-3895 Peachtree Road NE in Atlanta’s Buckhead district. Sterling Organization purchased the property for an undisclosed price. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the undisclosed seller in the transaction. Marketplace at Buckhead, formerly known as Cherokee Plaza, was built in 1958 and renovated in 1997 and 2013. In addition to Kroger, the center’s tenant roster includes Willy’s Mexicana Grill, Jersey Mike’s Subs and Salon Lofts. The property’s historical occupancy has been 100 percent for over a decade, according to JLL.
