Saturday, February 7, 2026
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4205 River Green
GeorgiaLeasing ActivityOfficeSoutheast

Colliers Arranges 125,500 SF Office Headquarters Lease Renewal in Duluth, Georgia for AGCO

by Abby Cox

DULUTH, GA. — Colliers has arranged a 125,500-square-foot office headquarters lease renewal in Duluth for AGCO Corp., a company that designs, manufactures and distributes agricultural machinery and precision technology. The two-story corporate campus is located at 4205 River Green Parkway in metro Atlanta’s Gwinnett County and acts as the company’s global headquarters. Deming Fish, Emily Richardson and Mark Maggard of Colliers represented the landlord, Orion Properties, in the lease negotiations.

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1072-West-Peachtree-Atlanta
DevelopmentGeorgiaMixed-UseSoutheastTop Stories

Rockefeller Group Tops Out 60-Story Mixed-Use Building in Midtown Atlanta

by Taylor Williams

ATLANTA — New York City-based developer Rockefeller Group has topped out 1072 West Peachtree, a 60-story mixed-use building in Midtown Atlanta. According to the development team, upon completion, which is set for next spring, 1072 West Peachtree will be the tallest building constructed in Atlanta in the past three decades. Plans for the building currently call for 224,000 square feet of office space across eight floors, 357 multifamily units and 6,300 square feet of ground-floor retail and restaurant space. In addition to its office and residential components, the building will offer roughly 43,000 square feet of indoor and outdoor amenities. Specific amenities will include a resort-style athletic club with strength and cardio training areas and full-service locker rooms, as well as wellness-focused offerings such as private spa treatment rooms, sauna rooms, frost lockers and recovery spaces. In addition, the club will also include an indoor Pilates studio, a private training studio and a pickleball court. Lastly, 1072 West Peachtree will feature the Sky Garden. According to the developer, The Sky Garden will be Midtown Atlanta’s largest outdoor deck, designed with seating areas for collaboration or relaxation, as well as a lawn FOR gathering, gaming and hosting events. Turner Construction is …

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GeorgiaIndustrialMarket ReportsSoutheastSoutheast Market Reports

Atlanta Industrial Is Cooling and Consolidating, But Is Still Strategically Strong

by John Nelson

After several years of breakneck growth, Atlanta’s industrial sector has clearly shifted into a mid-cycle recalibration. Vacancy has climbed to 8.4 percent, well above the 10-year average of 5.8 percent, as a record wave of big-box deliveries collides with softer demand.  Twelve-month net absorption turned negative for the first time since 2011, dropping 453,000 square feet despite 14.9 million square feet of new deliveries over the past year. Developers and tenants alike are adjusting, but the region’s logistics advantages and diverse economy keep long-term fundamentals intact. Supply and demand The pandemic-era surge of speculative construction has decisively slowed. Construction starts have fallen roughly 70 percent from the five-year average, leaving 16.3 million square feet under construction, with just 25 percent available — down from 60 percent a year ago. Most large projects are now data centers, such as a 1.5 million-square-foot QTS facility in Fayette/Coweta County and a 1.2 million-square-foot Microsoft data center near Hartsfield-Jackson Atlanta International Airport. Vacancy is rising fastest in submarkets that saw heavy new supply. Kennesaw/Acworth, for example, has added over 9 million square feet since 2023 and now posts about 13 percent availability for buildings sized 200,000 square feet and larger. Sublease availability has grown …

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AcquisitionsIndustrialSoutheastVirginia

Cushman & Wakefield Arranges $142M Sale of Eastport Industrial Park in Richmond

by Abby Cox

RICHMOND, VA. — Cushman & Wakefield has arranged the sale and financing of Eastport Industrial Park, a nearly 1.1 million-square-foot industrial portfolio in Richmond. Rockpoint purchased the property from Equus Capital Partners for $142 million. Jonathan Carpenter, Graham Savage, Dawes Milchling and James Check of Cushman & Wakefield, alongside Eric Robison and Bo Mckown of Cushman & Wakefield | Thalhimer, represented the seller in the transaction. John Alascio, T.J. Sullivan, Chris Meloni and Michael Zelin, also with Cushman & Wakefield, arranged acquisition financing through an unnamed global alternative investment firm on behalf of Rockpoint. Situated near the Richmond International Airport, Eastport Industrial Park comprises eight buildings with 25-foot clear heights, 182 loading positions and modern infrastructure to support a diverse tenant base. The property was 97 percent leased to 19 tenants at the time of sale.

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Gordon-Logistics-Center
GeorgiaIndustrialLoansSoutheast

JLL Secures $71.7M Refinancing for Gordon Logistics Center in Adairsville, Georgia

by Abby Cox

ADAIRSVILLE, GA. — JLL Capital Markets has secured $71.7 million in refinancing for Gordon Logistics Center, a roughly 1 million-square-foot advanced manufacturing facility located in Adairsville, about 60 miles northwest of Atlanta via I-75. Peter Rotchford, Bobby Norwood, David Sitt, Christopher Pratt, Hamp Gibbs and Streeter Simmons of JLL arranged the floating-rate, two-year loan through Benefit Street Partners on behalf of the borrower, Thor Equities. The loan includes three, one-year extension options. Delivered in 2023, Gordon Logistics Center features 40-foot clear heights, 179 dock-high doors, four drive-in doors, 200 trailer parking spaces (expandable to 306), 393 car parking spaces (expandable to 567), a 185-foot truck court depth and 5,095 square feet of built-out office space. The property is also situated in close proximity to the Georgia Port Authority’s Appalachian Regional Port, which offers direct rail connection with the Port of Savannah.

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Elyps-Apartments
AcquisitionsFloridaMultifamilySoutheast

Pinnacle Sells Elyps Luxury Apartments in Fort Lauderdale for $46.5M

by Abby Cox

FORT LAUDERDALE, FLA. — Miami-based developer Pinnacle has sold Elyps Apartments, a 140-unit luxury community in Fort Lauderdale, for $46.5 million. The buyer was Ram Elyps LLC, an affiliate of Rental Asset Management (RAM). CBRE represented Pinnacle affiliate, Bimini Cove LLC, in the transaction. Completed in 2023, Elyps offers one- and two-bedroom floorplans ranging in size from 777 to 1,182 square feet, according to Apartments.com. Amenities at the property include a swimming pool and sundeck, fitness center, business center, rooftop terrace, pet washing station and electric vehicle charging stations.

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Sharon-Crossing
AcquisitionsAffordable HousingNorth CarolinaSoutheast

LEO Impact Capital Acquires Sharon Crossing Affordable Housing Complex in Charlotte for $20.7M

by Abby Cox

CHARLOTTE, N.C. — LEO Impact Capital, JBG SMITH’s workforce housing investment management platform, has acquired Sharon Crossing, a 144-unit, garden-style apartment complex located in Charlotte. The $20.7 million acquisition, which marks LEO’s first transaction outside the Washington, D.C., region and the first investment from its newly launched LEO Impact Housing Fund, will preserve long-term affordability for Sharon Crossing’s middle-income residents. Additionally, LEO Impact Capital is partnering with the Lotus Campaign, a North Carolina-based nonprofit organization that works to provide long-term housing for formerly homeless individuals, to reserve roughly 30 units for Lotus clients through its landlord participation program. Sharon Crossing offers one- and two-bedroom apartments across 20 residential buildings. Community amenities include a resort-style swimming pool and sundeck, sports courts and a dog park. Residents also benefit from utility savings through green initiatives that emphasize energy efficiency and sustainability, according to company representatives. Ginkgo Residential will continue to provide onsite property management service on behalf of ownership.

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SouthState Bank
GeorgiaLeasing ActivityOfficeSoutheast

SouthState Bank Moves into 87,000 SF Regional Office Headquarters in Atlanta’s Buckhead District

by Abby Cox

ATLANTA — Winter Haven, Fla.-based SouthState Bank has moved into its new 87,000-square-foot regional office headquarters at Prominence Tower, a 19-story office building located at 3475 Piedmont Road NE in Atlanta’s Buckhead district. The tenant’s new offices span three-and-a-half floors and will house roughly 175 local employees. Prominence will also feature a new flagship retail branch on the building’s ground floor and building-top signage that will elevate visibility of the SouthState Bank brand. Josh Hirsh and Patrick Baughman of JLL represented the tenant in the lease negotiations. Aileen Almassy and Andy Sumlin of Partners Real Estate represented the landlord, New York Life Real Estate Investors. Prominence Tower is a mixed-use development that recently underwent an $8 million renovation to both modernize the building and to install various tenant amenities, such as a conference facility, lobby coffee bar, fitness center, bike storage room and a seven-level attached parking garage. 

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PNC Bank
Company NewsDevelopmentMidwestRetailSoutheastTop Stories

PNC Bank to Increase Retail Expansion to 300 New Branches in Southeast, Midwest

by Abby Cox

PITTSBURGH — PNC Bank (NYSE: PNC) plans to open more than 300 new retail bank branches by 2030, adding about 100 new branches to its earlier plan, which was announced last November. The new announcement brings PNC’s total investment in growing its retail footprint to approximately $2 billion. The latest branch expansion plan calls for new locations in markets including Nashville,  Sarasota, Fla., Winston-Salem, N.C., and Chicago to extend PNC’s expansion efforts to nearly 20 markets across the United States. “The build-out of these 300 new branches allows us to deliver our unique blend of hospitality and financial advice to more clients in more neighborhoods across the country,” says Alex Overstrom, head of retail banking at PNC. “It’s about making PNC the most convenient bank in each of these markets, ensuring we can meet people where they are and help them thrive.” As part of the investment, PNC will add 35 new branches in Nashville, along with 40 more branches across the Southeast. The cities consist of Fort Meyers, Lakeland and Sarasota in Florida, as well as Asheville, Winston-Salem and Wilmington in North Carolina. “The additional branches strengthen our ability to provide valuable resources and expertise, reflecting our commitment to supporting …

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AcquisitionsCompany NewsFloridaSeniors HousingSoutheast

Sonida Senior Living to Acquire CNL Healthcare Properties for $1.8B

by John Nelson

DALLAS AND ORLANDO, FLA. — Seniors housing owner and operator Sonida Senior Living Inc. (NYSE: SNDA) has entered into a definitive merger agreement to acquire CNL Healthcare Properties (CHP), a non-traded public REIT, in a deal valued at $1.8 billion. Upon completion of the merger, the combined company will be the eighth-largest senior living owner, with a portfolio of 153 independent living, assisted living and memory care communities and enterprise value of $3 billion. Under the agreement, Dallas-based Sonida will acquire 100 percent of CHP in a cash and stock transaction. The transaction is expected to close in the first or second quarter of 2026, subject to customary closing conditions. Both the Sonida and CHP board of directors unanimously approved the merger.   Financing for the acquisition will include cash provided by Conversant Capital and Silk Partners — the two largest Sonida shareholders — and debt financing from RBC Capital Markets and BMO Capital Markets. Ahead of the merger, Sonida’s portfolio comprises 97 seniors housing communities that the company owns, manages or invests in, including 84 owned properties. In total, the portfolio serves roughly 10,250 residents. CHP’s current portfolio comprises 69 seniors housing communities with 7,535 units across 26 states.

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