Atlanta

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 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.

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.

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 effectuated a $95 Million Loan on Atlanta office complex Peachtree Pointe.

Ken’s Foods Inc. is expanding its Metro Atlanta operations by acquiring a warehouse in Henry County. The depository will soon be used as a regional distribution center.

Gateway Development and South City Partners LLC join forces in building a student housing tower at Spring and 5th streets, beside the Centergy One building and Georgia Tech’s Technology Square.

Lincoln Property Company Southeast brokered Pitney Bowes Presort Services’ renewal of its lease at Airport West Distribution Center and Exeter Property Group acquired 2.4 million square feet in industrial properties from Clarion Partners.