Georgia

TriNet Signs 150,000 SF Office Lease at High Street Mixed-Use Development in Atlanta

by John Nelson May 19, 2025

ATLANTA — HR solutions company TriNet has signed a 150,000-square-foot office lease at High Street, a $2 billion mixed-use district located within the Central Perimeter neighborhood of Atlanta. TriNet’s move is expected to create 750 jobs over the next five years. Jeff Taylor and Adam Viente of JLL represented the landlord, while Tony Guglielmi, Rich Branning, Josh Hirsh, Dom Wyant, Terry McGuirk and Brennan Koslow of JLL represented the tenant in the lease negotiations. GID Development Group recently completed its $415 million Phase I at High Street, which includes two luxury apartment buildings, 320,000 square feet of office space, 150,000 square feet of retail, restaurant and entertainment space and a central lawn for residents, workers and visitors. Upon full buildout of High Street, the 36-acre development will feature 672,000 square feet of office space, a 400-room hotel, 400,000 square feet of retail, dining, fitness and entertainment space and 3,000 residential units.

May 19, 2025

Acquisitions Georgia Multifamily Southeast

RADCO Acquires, Rebrands 615-Unit Multifamily Community in Riverdale, Georgia

by John Nelson May 19, 2025

RIVERDALE, GA. — Atlanta-based RADCO has acquired a 615-unit multifamily community located at 750 Chateau Lane in the Atlanta suburb of Riverdale. Formerly known as Legacy at Riverdale, Rhythm at Riverdale offers studio, one-, two- and three-bedroom apartments spread across 57 low-rise residential buildings. Amenities at the property include multiple swimming pools, tennis and pickleball courts, laundry facilities and grade-level parking. The property rebrand was overseen by Unmaker Studio, RADCO’s internal full-service branding agency. Rhythm at Riverdale is the first property in RADCO’s portfolio to employ the Rhythm name, which is the company’s new brand for value-add properties. RADCO plans to complete capital improvements at the property, including renovations to the apartment units, exterior upgrades, building and mechanical repairs and enhancements to the common areas. Matt White and Scott Bray of Berkadia represented the undisclosed seller in the transaction. The sales price was also not disclosed.

May 19, 2025

Georgia Market Reports Retail Southeast Southeast Market Reports

Retail Reinvention: Atlanta’s Market Shows There Is Room to Thrive

by John Nelson May 19, 2025

Atlanta’s retail market is proving it knows how to adapt, evolve and outperform, even in the face of macroeconomic headwinds. Despite a moderation in leasing and investment sales activity in recent quarters, the city’s fundamentals remain strong. Vacancy rates are at historic lows, rent growth is outpacing the national average and population and income growth continue to fuel long-term demand. Demand and demographics With vacancy rates consistently under 4 percent, Atlanta remains one of the tightest retail markets in the country. The appetite for well-located retail space hasn’t waned, even as broader economic uncertainty has slowed transaction velocity. In fact, strong absorption numbers and a limited supply pipeline have bolstered landlord confidence and pricing power across the metro. What’s driving this resilience? A booming population, rising household incomes and a steady influx of corporate relocations. Employers like Microsoft, Google and Cisco are expanding their footprints, bringing with them jobs, workers and spending power. Some of this growth has been particularly noticeable in Midtown. Redevelopment playbook Instead of ground-up development, Atlanta’s growth strategy has increasingly focused on reinventing aging retail centers in prime locations. With construction costs high and land increasingly scarce, developers opt to reimagine what already exists. These projects …

May 19, 2025

Development Georgia Hospitality Southeast

North Point Hospitality Completes $105M Second Phase of River Street East Development in Savannah

by John Nelson May 16, 2025

SAVANNAH, GA. — North Point Hospitality has completed the $105 million Phase II of River Street East, a three-phase mixed-use district located along the Savannah River. The second phase includes a 171-unit AC Hotel by Marriott Savannah Historic District hotel and a 316-space public parking garage, which is now open. Additionally, 3,300 square feet of street-level retail space is available for lease. AC Hotel by Marriott features a rooftop restaurant and bar, as well as flexible meeting spaces. Phase I of the development included the Homewood Suites by Hilton Savannah Historic District/Riverfront hotel, which was delivered in 2015 and renovated in 2024. Phase III of River Street East will include a 300-unit full-service, dual branded luxury and lifestyle hotel, which will feature a ballroom for private events, world-class spa and multiple dining experiences.

May 16, 2025

Development Georgia Industrial Southeast

Dermody Breaks Ground on 93,960 SF Industrial Facility in Johns Creek, Georgia

by John Nelson May 14, 2025

JOHNS CREEK, GA. — Dermody has broken ground on LogistiCenter at South Forsyth, a 93,960-square-foot industrial facility located at 7515 New Boyd Road in Johns Creek, a northern suburb of Atlanta. Located in the South Forsyth/North Fulton market, the Class A facility is situated on a 10-acre site within Johns Creek Technology Park. Reed Davis, Bob Currie, Brad Pope and Hannah Dillard of JLL are handling leasing for LogistiCenter at South Forsyth, which is available for preleasing and slated for occupancy in the fourth quarter. The facility will feature 2,500 square feet of speculative offices, 32-foot clear heights, 54- by 60-foot column spacing, 22 dock-high doors, two drive-in doors, 99 parking stalls, ESFR fire protection and LED lighting.

May 14, 2025

Development Georgia Mixed-Use Retail Southeast Top Stories

Live Nation to Lease 5,300-Seat Music Venue at $5B Centennial Yards Project in Downtown Atlanta

by Kristin Harlow May 14, 2025

ATLANTA — Centennial Yards Co. has executed a long-term lease with event promoter Live Nation to operate a new live music and entertainment venue in downtown Atlanta. The 5,300-seat venue will anchor the under-construction sports and entertainment district within Centennial Yards, a $5 billion mixed-use project set to transform a long-underutilized section of the city into a walkable destination. The Live Nation theater will showcase a range of performances across genres, from global touring acts to national headliners and local artists. The facility will complement the city’s existing entertainment landscape, including Tabernacle concert hall, Fox Theatre and Buckhead Theatre as well as Mercedes-Benz Stadium (home of the NFL’s Atlanta Falcons and MLS’ Atlanta United) and State Farm Arena (home of the NBA’s Atlanta Hawks). “Centennial Yards is poised to be the epicenter of sports and entertainment for the southeastern United States, where people of all ages can enjoy concerts, sporting events, bars, restaurants and retail stores — all in one vibrant mixed-use district,” says Brian McGowan, president of Centennial Yards Co. “Partnering with Live Nation brings us one step closer to creating a thriving hub where unforgettable experiences happen. This new Centennial Yards entertainment venue is exactly what our region …

May 14, 2025

The investment sales panel at Interface Affordable Housing Southeast

Acquisitions Affordable Housing Conference Coverage Features Georgia Multifamily Southeast

InterFace Panel: Affordable Housing Investment Sales Faces Uncertain Future

by Channing Hamilton May 13, 2025

ATLANTA — Affordable housing is facing a tumultuous second half of the year. Tariffs on building materials such as lumber, steel and aluminum are slowing development activity as they elevate construction costs. Investment sales are also likely to be impacted by unstable economic conditions in the affordable housing sector, where many transactions are conducted within a limited budget due to the nature of income restrictions for renters. Amid high costs and trade uncertainty, many investors are making the decision to stay on the sidelines or invest in markets with more stable conditions. 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. “The most experienced, best qualified buyers are being careful about what they purchase,” said Kyle Shoemaker, a managing director at Affordable Housing Investment Brokerage. The Downers Grove, Illinois-based company arranges acquisitions and dispositions of Section 8, Section 42, low-income housing tax credit (LIHTC) and tax credit housing. “The affordable housing sector was heated in 2021,” Shoemaker continued. “At that point in time, we were getting more calls than ever from multifamily investors who were interested in entering the affordable …

May 13, 2025

Georgia Loans Multifamily Southeast

BWE Provides $32.3M HUD-Insured Loan to Refinance Greystone at Mulberry Grove Apartments in Fortson, Georgia

by John Nelson May 9, 2025

FORTSON, GA. — BWE has provided a $32.3 million HUD 223(f) loan to refinance Greystone at Mulberry Grove, a 222-unit multifamily development located in Fortson, roughly 11 miles north of Columbus. Paul Harbor, Caleb Carter, Libby Davis and Maria Sealy of BWE’s Birmingham office originated the loan on behalf of the borrower, a Georgia-based developer. The HUD loan features a 35-year term and amortization schedule with a debt service coverage ratio of 1.15. The transaction represents BWE’s 10th closed deal with the undisclosed client. Situated at 4849 GA Highway 315, Greystone at Mulberry Grove comprises 22 residential buildings that feature one-, two- and three-bedroom floorplans. Unit sizes of the apartments range from 984 square feet to 1,728 square feet, according to Apartments.com. Amenities include a clubhouse and leasing office, fitness center, laundry room, package room, media room, billiard room, business center, demonstration kitchen, swimming pool with a sundeck, outdoor pavilion with a kitchen, car wash, dog park and spa, bike racks and a community garden.

May 9, 2025

Acquisitions Florida Georgia North Carolina Retail Southeast

Marcus & Millichap Facilitates 10-Property Portfolio Sale of Dollar General-Leased Stores in the Southeast

by John Nelson May 7, 2025

ATLANTA — The Taylor McMinn Retail Group of Marcus & Millichap in Atlanta has brokered the sale of a 10-store portfolio in North Carolina, Georgia and Florida. Each store is triple-net leased to Dollar General for an average lease term of 13 years remaining. The undisclosed seller was an institution and the buyers were all individual private investors who paid an average of 97 percent of list price, according to Don McMinn of the Taylor McMinn Retail Group. “This portfolio sale showcases our team’s ability to achieve above-market pricing by leveraging our track record, network and platform in spite of challenging market conditions,” says McMinn.

May 7, 2025

Georgia Loans Mixed-Use Office Restaurant Retail Southeast

Patterson Arranges Refinancing for Adaptive Reuse of Old Highland Bakery in Atlanta

by John Nelson May 6, 2025

ATLANTA — Patterson Real Estate Advisory Group has arranged the refinancing for Old Highland Bakery, a two-building adaptive reuse project in Atlanta’s Old Fourth Ward district. Ameris Bank provided an undisclosed amount of financing to the borrowers, Vantage Realty Partners and Braden Fellman Group. Originally constructed in 1930, the all-brick structure was recently renovated to prepare the space for incoming tenants. The 51,000-square-foot property includes redeveloped office and retail space that houses 14 tenants, including Communidad Taqueria and BodyRok. Vantage and Braden Fellman preserved historical features at Old Highland Bakery, including the property’s original wood, metal beams and skylight windows.

May 6, 2025

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