Atlanta
South Atlanta’s first Staybridge Suites Hotel Opens
InterContinental Hotels Group announced the opening of their latest Staybridge Suites location in the Atlanta Metro Area. The company has previously launched seven Staybridge Suites hotels in the state, three of which are located in Metro Atlanta.
Connecture Signs 28.3 KSF Class-A Office Lease at 55 Allen Plaza
A full story will fill in at 55 Allen Plaza as Connecture Inc. signs an 11-year lease of 28,299 square feet of office space in the building that has reached an occupancy rate of 93 percent. Lincoln Property Company Southeast’s Tony Bartlett and Andy Sumlin of Cushman & Wakefield represented the landlord and Carla Williams and Jeff Samaras of Cushman & Wakefield spoke for the tenant in the transaction.
Lexington Realty Buys $53M Portfolio of Vet Offices
Lexington Realty Trust has bought a pack of 10 clinics operated by BluePearl Veterinary Partners, the nation’s leading 24-hour emergency pet care provider, for $53 million.
Cobb County Approves Home of the Braves
The Cobb County Commission gave green light to the Atlanta Braves stadium signing a Memorandum of Understanding with the team at its meeting on Tuesday, 26 November. The arena is only the jewel in the crown as it will be surrounded by a mixed use development including between 700,000 and 1 million square feet retail, restaurant, residential, hotel and office space – all privately funded 100 percent by the Braves, and other private partners.
Crescent Brings 256 Luxury Apartments to Howell Mill Road
Crescent Howell Mill, a $47 million, 256-unit luxury community is officially on its way to bringing the apartment market in the area between Atlanta’s Buckhead and Midtown districts to boil.
Parkway Properties Takes Ownership of 7000 Central Park
7000 Central Park in Atlanta changed hands on Nov. 5, as the joint venture Parkway Properties Inc. entered has recently foreclosed on the asset and taken ownership of the property, Parkway announced.
Hillwood, Sovereign Wealth Fund Wrap First Closing of $1B Industrial Venture
The partners expect to ultimately raise an aggregate $400 million, which they intend to leverage for $1 billion in acquisitions and development over the next three to four years.
Jonesboro’s Aslan on the River Sold For $20.2M
Hamilton Point Investments, based in Old Lyme, Conn., acquired the 324-unit apartment community in the Atlanta suburb of Jonesboro, Ga. Josh Goldfarb, co-founder and co-managing partner of Multi Housing Advisors was the only broker involved in the transaction, acting on behalf of the seller.
Buchanan Street Partners Arranges $95M Financing for Peachtree Pointe
Buchanan Street Partners effectuated a $95 Million Loan on Atlanta office complex Peachtree Pointe.
Goddard Grabs 440 KSF Class A Office Building in Atlanta
Acting through the Goddard Value-Add Office Fund I, Goddard purchased the 440,000-square-foot Class A asset, perched atop Mount Wilkinson in Atlanta’s historic Vinings neighborhood, from a Parmenter Realty Partners fund.