Atlanta
Associated Estates Realty Corporation Acquires Luxury Apartment Community
The recently completed 1160 Hammond luxury rental community was picked up by Associated Estates Realty Corporation, the Ohio-based company announced in a press release. The multifamily property is located in the Sandy Springs/Perimeter submarket of Atlanta, within walking distance of the Sandy Springs MARTA station along with 29 million square feet of offices and retail options including the Perimeter Mall.
Joint Venture Builds 370 KSF Spec Warehouse on Infill Site
By Balazs Szekely, Associate Editor Oakmont Industrial Group’s programmatic joint venture with The Carlyle Group recently announced the acquisition of a 35-acre infill land in Atlanta. The partnerships plan is to develop a 370,000 square-foot spec warehouse. Founded in 1996, Oakmont is a locally-based fully integrated industrial real estate investment, development and management company with […]
Data Center in Alpharetta Sold as Part of a $76.9M Deal
By Balazs Szekely, Associate Editor Alpharetta Data Center II was recently acquired by Carter Validus Mission Critical REIT, Inc. in a transaction worth $76.9 million that also included Landmark Hospital of Savannah, according to a news release. The real estate investment trust picked up the data center in Alpharetta in the fourth quarter of 2014 […]
MidCity Plaza Undergoes Renovation, Upgrades to Class A
MidCity Real Estate Partners started a $7 million improvement project at MidCity Plaza that will soon convert the building into a Class A office property, DTZ announced recently. MidCity Real Estate Partners purchased the 63,049 square-foot asset, formerly known as the Crawford & Co. headquarters, in 2013 and DTZ is the company assigned to market the property with agents Glenn Kolker and Preston Menning in charge of leasing.
Hilton Expands Extended-Stay Footprint, Renovates Madison House into Home2 Suites Hotel
Hilton has announced a $13 million adaptive reuse project of the building known by the name of the Madison House, The Walton, Walton Building, etc. as part of an expansion process involving nearly 20 U.S. downtown locations. The hospitality giant plans to convert the building into Atlanta’s first Home2 Suites-branded extended stay hotel and expects it to open in August 2015.
Adaptive Reuse of the FLATS at Ponce City Market Nearing Completion
The adaptive reuse project including historic renovations of the formally named Sears, Roebuck & Company building is nearing completion. The landmark’s uppermost seven floors at the east and west wings were affected mostly, creating the new FLATS at Ponce City Market. Stevens & Wilkinson was in charge of the new design – the company is a full-service commercial architecture, engineering and interior design firm based in Atlanta and Columbia, S.C., New York-based Fogarty Finger contributed to the interior design.
The Pinnacle, Two Live Oak Acquired by Brookdale Group Investment Fund
Two Buckhead office towers changed hands recently, The Brookdale Group announced in a news release. The Atlanta-based privately held commercial real estate investment company’s newly formed seventh fund purchased the properties from TIAA-CREF for a combined $201 million. Cushman & Wakefield’s Capital Markets team of Atlanta represented the seller during the negotiations with Executive Directors David Meline and Stewart Calhoun, Senior Director Samir Idris and Brokerage Services Director Casey Masters in charge.
Holcomb Woods Business Park Picked Up by Rugby Realty Associate
New Rochelle, NY-based RexxHall Realty LLC, an affiliate of Rugby Realty, LLC has recently announced the acquisition of Holcomb Woods Business Park. The four single-story office buildings totaling 240,000 square feet are located in Roswell, North Fulton County along Georgia 400. The portfolio was 70% leased at the time of acquisition according to a written announcement released by the buyer.
SPOTLIGHT ON DALLAS: Lincoln Property Co. to Manage Parkwood Point Office Building
Lincoln Property Co. Southeast has won the exclusive leasing and management assignment for a nine-story office building owned by AEW Capital Management.
Broadtree Homes Expands Atlanta-Area Portfolio with Acquisition from The Dominion Group
Private real estate investment entity Broadtree Homes has added to its single family portfolio in Atlanta with the recent acquisition of a slew of homes in the market. The entity managed by Broadstone Real Estate LLC closed on the purchase of 24 single family rental homes from The Dominion Group, for a fee of around $2 million. The deal was completed on the 22nd of December, making it one of the final moves for Q4 to be closed by the company, with a deal currently in the works for another home to be added before the end of 2014. According to the announcement, Broadtree is currently looking to further its investment portfolio in the Atlanta area, as well as the United States.