WARNER ROBINS, GA. — Colliers Mortgage has provided an $8 million Fannie Mae loan for the refinancing of Skylar Pointe Apartment Homes, a 112-unit multifamily community located in Warner Robins. Amenities at the community include a clubhouse, swimming pool, playground, laundry facility and picnic areas. The seven-year financing features a 30-year amortization schedule. An entity doing business as ATL21WR Owner LLC was the borrower.
VALDOSTA, GA. — Walmart has announced plans to invest $350 million in the development of a new dairy processing facility in Valdosta. Located on Inner Perimeter Road, the facility will provide milk to more than 750 Walmart stores and Sam’s Clubs in Georgia and neighboring states. The project is expected to create almost 400 new jobs. Operations are scheduled to begin in late 2025. Further details of the property and construction timeline were not disclosed.
ROSWELL, GA. — Berkadia has brokered the $70.5 million sale of Grace Apartment Homes Roswell, a 396-unit multifamily property in Roswell, roughly 22 miles north of Atlanta. Located at 100 Chattahoochee Circle, the community features apartments in one-, two- and three-bedroom layouts. Amenities at the property include a swimming pool, fitness center, clubhouse and a business center. Andrew Mays, Paul Vetter, Matt White, Judy MacManus and Ian Shaw of Berkadia represented the seller, Georgia-based MSC Investment, in the transaction. RH Investment Management purchased the property.
RINCON, GA. — Atlanta-based Core5 Industrial Partners plans to develop Effingham Business Center, a 121-acre industrial park situated in Rincon, a city in the Savannah market of Effingham County. The site is approximately 9.5 miles from Port of Savannah’s Garden City Terminal and 10 miles from Savannah/Hilton Head International Airport. The park will feature a 401,760-square-foot rear-load building, which will accommodate tenants 100,000 square feet and higher, and a 362,880-square-foot front-load building designed to accommodate tenants of 150,000 square feet and higher. Both buildings are being developed on a speculative basis and will feature 36-foot clear heights, automobile parking, office finishes, dock equipment, lighting and 185-foot truck courts. Delivery of both buildings is scheduled for the first quarter of 2025. CBRE’s Savannah office will handle leasing efforts on behalf of Core5 for both buildings.
DULUTH, GA. — Cushman & Wakefield has negotiated the sale of SODO Duluth, a newly built, 257-unit apartment community located in downtown Duluth, a northeast suburb of Atlanta in Gwinnett County. The sellers, The Residential Group (TRG) and PointOne Holdings, delivered SODO Duluth earlier this year. The buyer, Weinstein Properties, purchased the asset for an undisclosed price. Robert Stickel, Alex Brown, Ashlyn Warren and Michael Kay of Cushman & Wakefield represented the sellers in the transaction. According to Apartments.com, SODO Duluth features studio, one- and two-bedroom apartments ranging in size from 616 to 1,470 square feet. Amenities include a sky lounge, saltwater swimming pool, fitness center, coworking spaces, EV charging stations, package lockers and a dog park.
BLOOMINGDALE, GA. — Atlanta-based MDH Partners has purchased Beltway Logistics Center, a 655,370-square-foot industrial facility located in Bloomingdale, about 15 miles from the Port of Savannah. The seller, a joint venture led by TPA Group, recently delivered the property, which is situated less than one mile from I-16. Joe DeHaven led the acquisition process for MDH Partners on an internal basis. The sales price was not disclosed. The cross-deck facility features 40-foot clear heights, 172 trailer parking spots, 134 dock-high doors, 185-foot concrete truck courts, 2,445 square feet of speculative office space and LED lighting in the warehouse. Notable neighbors of Beltway Logistics Center include Floor & Decor, FedEx and Arco Plastic.
DOUGLASVILLE, GA. — Vista Residential Partners and Batson-Cook Development Co. have sold Sweetwater Vista Apartments, a 300-unit garden-style property located along Riverside Parkway in Douglasville, about 15 miles west of Atlanta. The buyer and sales price were not disclosed. Vista and Batson-Cook developed the property in 2021 using debt financing from Synovus Bank and joint venture equity. Situated near the 2,500-acre Sweetwater Creek State Park, Sweetwater Vista features a clubhouse, resort-style pool, dog park and open green spaces. The property features one-, two- and three-bedroom units ranging from 804 to 1,268 square feet, according to Apartments.com.
SANDY SPRINGS, GA. — Atlanta-based Bull Realty has brokered the $6.9 million sale of a 36,000-square-foot office building located at 5009 Roswell Road in Sandy Springs, a suburb of Atlanta. The seller was the property’s lender, an unnamed major bank. The buyer was also not disclosed. The property was 90 percent vacant at the time of sale. Michael Bull of Bull Realty represented the seller in the transaction.
WOODSTOCK, GA. — Joint venture partners CBL Properties and Horizon Group Properties have secured a $79.3 million loan for the refinancing of The Outlet Shoppes of Atlanta, a retail outlet property located in Woodstock. The 10-year, fixed-rate financing replaces two existing loans with a total balance of $69.5 million that were set to mature this November. The property features 103 retailers, including American Eagle Outfitters, Auntie Anne’s, Athleta, Banana Republic Factory Store, Champion, Forever 21 and GNC, among others.
CANTON, GA. — Capstone Cos. has brokered the $26.1 million sale of Lancaster Ridge Apartments, a 145-unit multifamily community located in Canton, roughly 40 miles north of Atlanta. Built in 1994, the community features apartments in one-, two- and three-bedroom floorplans. Amenities include a clubhouse, playground, picnic area and swimming pool. Eric Liebich and Ron Corrao of Capstone represented the undisclosed seller in the transaction. Emma Capital acquired Lancaster Ridge, which was 96 percent occupied at the time of sale.
